IPM PROJECTS
ActiveSummary
IPM PROJECTS has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,728 and a net result of -€784. Equity is growing by about 25% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €99,728
- Loss
- -€784
- DeffeDirector · permanent representative Arnaud Deffontaine
Why 68raises risk1 change of registered office in 24 monthsLast filed accounts filed 31 days late; 1 of the last 3 latelowers riskSize: total assets €256,229Figures for financial year 2025 (filed 31-08-2026)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 38% on solvency, 24% on liquidity, 19% on profitability and 42% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: Marc Morel (director)Appointment: Deffe CommV (director) ·…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00490611.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €10,509 after a loss of €17,826 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90.9% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €387 | €400 | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €26 | €318 | €318 | €292 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €937 | €843 | €139 | €2,637 | €2,262 | ▼ 14.2% |
| Gross operating margin9900 | €4,658 | €63,068 | €31,131 | €34,213 | €132,047 | €16,222 | -€14,510 | €13,171 | - |
| Operating profit (loss)9901 | €4,338 | €61,712 | €28,663 | €33,250 | €130,886 | €15,765 | -€17,826 | €10,509 | - |
| Recurring financial income75 | €2 | €94 | €3 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €18,489 | €22,632 | €3,561 | €4,007 | €11,292 | ▲ 182% |
| Recurring financial charges65 | €9,349 | €14,201 | €25,232 | €18,489 | €22,632 | €3,561 | €4,007 | €11,292 | ▲ 182% |
| Profit (loss) for the period before taxes9903 | -€5,009 | €47,605 | €3,434 | €14,761 | €108,254 | €12,204 | -€21,833 | -€784 | ▲ 96.4% |
| Income taxes67/77 | - | €892 | €993 | €3,856 | €35,088 | €3,473 | €0 | - | - |
| Profit (loss) for the period9904 | -€5,009 | €46,713 | €2,441 | €10,905 | €73,166 | €8,731 | -€21,833 | -€784 | ▲ 96.4% |
| Profit (loss) for the period to be appropriated9905 | -€5,009 | €46,713 | €2,441 | €10,905 | €73,166 | €8,731 | -€21,833 | -€784 | ▲ 96.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €1.2m | €1.4m | €1.1m | €0.7m | €0.7m | €0.5m | €0.3m | ▼ 52.1% |
| Fixed assets21/28 | - | - | - | €0.001m | €0.001m | €292 | €0 | - | - |
| Tangible fixed assets22/27 | - | - | - | €0.001m | €0.001m | €292 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €292 | - | - | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €0 | - | - |
| Current assets29/58 | €0.8m | €1.2m | €1.4m | €1.1m | €0.7m | €0.7m | €0.5m | €0.3m | ▼ 52.1% |
| Stocks and contracts in progress3 | €0.8m | €1.2m | €1.3m | €1.1m | €0.7m | €0.2m | €0.5m | €0.2m | ▼ 56.3% |
| Stocks30/36 | - | - | - | €1.1m | €0.7m | €0.2m | €0.5m | €0.2m | ▼ 56.3% |
| Amounts receivable within one year40/41 | - | - | €0.05m | €0.01m | €0.01m | €0.2m | €0 | - | - |
| Trade receivables40 | - | - | - | - | €0.01m | €0.2m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.01m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.004m | €0.003m | €0.04m | €0.02m | €0.03m | €0.2m | €0.03m | €0.03m | ▲ 26.3% |
| Deferred charges and accrued income490/1 | - | - | - | €235 | €260 | €279 | €246 | €246 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €1.2m | €1.4m | €1.1m | €0.7m | €0.7m | €0.5m | €0.3m | ▼ 52.1% |
| Equity10/15 | -€0.02m | €0.03m | €0.03m | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.8% |
| Contributions10/11 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.008m | €0.008m | = |
| Capital10 | - | - | - | €0.006m | €0.006m | €0.006m | - | - | - |
| Issued capital100 | - | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Uncalled capital101 | - | - | - | €0.01m | €0.01m | €0.01m | - | - | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.08m | €0.08m | €0.07m | €0.07m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | -€0.03m | €0.02m | €0.02m | €0.03m | €0.03m | €0.04m | €0.02m | €0.02m | ▼ 4.1% |
| Amounts payable17/49 | €0.8m | €1.2m | €1.3m | €1.1m | €0.6m | €0.6m | €0.4m | €0.2m | ▼ 64.0% |
| Amounts payable after more than one year17 | €0.5m | €0.8m | €0.9m | €0.7m | €0.07m | €0.06m | €0.2m | €0.03m | ▼ 88.9% |
| Financial debts170/4 | - | - | - | €0.7m | - | - | €0.2m | €0.03m | ▼ 88.9% |
| Other amounts payable178/9 | - | - | - | - | €0.07m | €0.06m | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.4m | €0.4m | €0.6m | €0.5m | €0.2m | €0.1m | ▼ 36.1% |
| Trade debts44 | €68 | €0.001m | €0.1m | €0.003m | - | €346 | €124 | €500 | ▲ 305% |
| Suppliers440/4 | - | - | - | €0.003m | - | €346 | €124 | €500 | ▲ 305% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.03m | €0.004m | €0.003m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €0.002m | €0.03m | €0.004m | €0.003m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.5m | €0.5m | €0.2m | €0.1m | ▼ 35.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.003m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,009 | €46,713 | €2,441 | €10,905 | €73,166 | €8,731 | -€21,833 | -€784 | ▲ 96.4% |
| + Depreciation and write-downs630 | - | - | - | €26 | €318 | €318 | €292 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€5,009 | €46,713 | €2,441 | €10,931 | €73,484 | €9,049 | -€21,541 | -€784 | ▲ 96.4% |
| Investment in fixed assets (approximation) | - | - | - | - | -€1 | €0 | €0 | - | - |
| Change in cash | - | -€1,852 | €41,783 | -€25,060 | €13,803 | €198,938 | -€205,140 | €7,059 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00490611 |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00358841 |
| 31-12-2023 | micro format | 07-06-2024 | 2024-00124470 |
| 31-12-2022 | micro format | 09-06-2023 | 2023-00120759 |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20056147 |
| 31-12-2020 | micro format | 07-07-2021 | 2021-32600092 |
| 31-12-2019 | micro format | 24-07-2020 | 2020-34200185 |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46800117 |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26300040 |
| 31-12-2016 | abbreviated format | 04-08-2017 | 2017-41800377 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Deffe |
|
| Marc Morel |
|
Owners and capital
Capital and shareholders
- 02-05-2025 Converted to unavailable equity
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
16-02
Gazette deed
Resignation: Marc Morel (director)Appointment: Deffe CommV (director) · Permanent representative: Arnaud Deffontaine · Director discharge15 facts ▸
- General meeting, 21-10-2025
- Director resignation, Marc Morel (director (not named in the articles))
- Director discharge, Marc Morel (director (not named in the articles))
- Director appointment, Deffe CommV (director (not named in the articles))
- Permanent representative, Arnaud Deffontaine
- Registered-office move, Binnendijkstraat 40 B, 2880 Weert
- Power of attorney, Kelly Verpoorten
- Power of attorney, Sara Heemskerk
- Power of attorney, Sandy Van de Leur
- Power of attorney, Kristel Van Gysel
- Power of attorney, Héloïse Debrandt
- Power of attorney, Viktorija Coric
- +3 further facts in this act
02-05
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Reserve release · Kind of shares11 facts ▸
- General meeting, 17-04-2025
- Amendment of the articles (2 times)
- Capital conversion, EUR, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “voorlezing en toelichting door notaris van uitkeringsregels, netto-actieftest:geen uitkering indien netto-actief negatief is of door uitkering negatief zou word…” (deed in Dutch)
- Kind of shares, “op naam, ieder aandeel geeft gelijk recht in winstverdeling en vereffeningsaldo” (deed in Dutch)
- Other provision, 01-01-2020, “nieuwe terminologie WVV” (deed in Dutch)
- Board composition, CLERCKX Thierry (director)
- Board composition, MOREL Marc (director)
- Registered office clause, “2970 Schilde, Oudebaan 52, ZESDE BESLUIT” (deed in Dutch)
- Power of attorney
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12038A0157/00A000 | Flanders | 4,202 m² | 1 · 104 m² | 10.6 m · 1 |
| 12038A0184/00K000 | Flanders | 2,285 m² | 1 · 172 m² | 6.4 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IPM PROJECTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)“Algemene vergadering kan mandaat van al dan niet in statuten benoemde bestuurder steeds beëindigen wegens wettige reden,zonder…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, zoals inzake statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, zonder afbreuk aan recht van algemene vergadering om één of meerdere vereffenaars aan te…” (deed in Dutch)