IPMG
ActiveSummary
IPMG has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,460 and a net result of €4,112. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 8,530 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €20,460
- Profit
- €4,112
Why 91raises riskEquity €20,460 (11.0% of total assets)lowers riskLiquidity: current ratio 1.00, cash €156,277Size: total assets €185,826Founded in 2014Show the evidence
Checked score
Fewer than 1 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 (NACE 73, micro): better than 20% on solvency, 39% on liquidity, 41% on profitability and 9% on growth.
The bankruptcy probability was computed on 22-10-2026 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 30 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (26 days) Filed on 26 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00045216.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 79% below 2024 and is the lowest result in the available series.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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% | 1.0% |
| 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 4,508 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,617 | €2,651 | €3,400 | €4,366 | €4,443 | €5,158 | €5,791 | ▲ 12.3% |
| Other operating charges640/8 | - | - | - | €553 | €467 | €45 | - | - |
| Gross operating margin9900 | €9,684 | €14,609 | €31,621 | €31,802 | €43,822 | €38,988 | €12,722 | ▼ 67.4% |
| Operating profit (loss)9901 | €6,645 | €11,445 | €27,784 | €26,883 | €38,912 | €33,786 | €6,931 | ▼ 79.5% |
| Financial income75/76B | - | - | - | €0 | €0 | - | €13 | - |
| Recurring financial income75 | - | - | €0 | €0 | €0 | - | €13 | - |
| Financial charges65/66B | - | - | - | €346 | €375 | €409 | €411 | ▲ 0.6% |
| Recurring financial charges65 | €593 | €527 | €137 | €346 | €375 | €409 | €411 | ▲ 0.6% |
| Profit (loss) for the period before taxes9903 | €6,051 | €10,918 | €27,647 | €26,537 | €38,537 | €33,377 | €6,533 | ▼ 80.4% |
| Income taxes67/77 | €2,817 | €3,295 | €6,202 | €6,720 | €8,202 | €8,039 | €2,421 | ▼ 69.9% |
| Profit (loss) for the period9904 | €3,235 | €7,623 | €21,444 | €19,816 | €30,335 | €25,338 | €4,112 | ▼ 83.8% |
| Profit (loss) for the period to be appropriated9905 | €3,235 | €7,623 | €21,444 | €19,816 | €30,335 | €25,338 | €4,112 | ▼ 83.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €51,004 | €64,715 | €104,315 | €131,602 | €163,885 | €200,570 | €185,826 | ▼ 7.4% |
| Fixed assets21/28 | €10,275 | €14,901 | €21,002 | €19,362 | €25,552 | €20,395 | €21,269 | ▲ 4.3% |
| Tangible fixed assets22/27 | €10,275 | €14,901 | €21,002 | €19,362 | €25,552 | €20,395 | €21,269 | ▲ 4.3% |
| Plant, machinery and equipment23 | - | - | - | €16,243 | €23,041 | €18,988 | €18,166 | ▼ 4.3% |
| Furniture and vehicles24 | - | - | - | €3,119 | €2,511 | €1,407 | €3,102 | ▲ 121% |
| Current assets29/58 | €40,729 | €49,814 | €83,313 | €112,239 | €138,333 | €180,175 | €164,557 | ▼ 8.7% |
| Amounts receivable within one year40/41 | €7,778 | €1,800 | €1,693 | €1,255 | €4,220 | €4,579 | €6,579 | ▲ 43.7% |
| Trade receivables40 | - | - | - | €1,114 | €4,071 | €3,470 | - | - |
| Other amounts receivable41 | - | - | - | €141 | €149 | €1,110 | €6,579 | ▲ 493% |
| Cash at bank and in hand54/58 | €31,602 | €48,014 | €80,351 | €109,671 | €132,916 | €174,491 | €156,277 | ▼ 10.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,313 | €1,197 | €1,105 | €1,701 | ▲ 53.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €51,004 | €64,715 | €104,315 | €131,602 | €163,885 | €200,570 | €185,826 | ▼ 7.4% |
| Equity10/15 | €42,534 | €50,156 | €71,601 | €20,460 | €50,795 | €76,133 | €20,460 | ▼ 73.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €34,474 | €42,096 | €63,541 | - | €30,335 | €55,673 | - | - |
| Amounts payable17/49 | €8,470 | €14,558 | €32,715 | €111,142 | €113,090 | €124,437 | €165,366 | ▲ 32.9% |
| Amounts payable within one year42/48 | €8,470 | €14,522 | €32,654 | €111,104 | €113,090 | €124,437 | €165,366 | ▲ 32.9% |
| Trade debts44 | €1,052 | €3,564 | €1,597 | €3,997 | €2,297 | €2,657 | €4,509 | ▲ 69.7% |
| Suppliers440/4 | - | - | - | €3,997 | €2,297 | €2,657 | €4,509 | ▲ 69.7% |
| Taxes, remuneration and social security45 | - | - | - | €17,879 | €7,846 | €11,247 | €8,435 | ▼ 25.0% |
| Taxes450/3 | - | - | - | €17,879 | €7,846 | €11,247 | €8,435 | ▼ 25.0% |
| Other amounts payable47/48 | - | - | - | €89,228 | €102,947 | €110,533 | €152,422 | ▲ 37.9% |
| Accrued charges and deferred income492/3 | - | - | - | €37 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,235 | €7,623 | €21,444 | €19,816 | €30,335 | €25,338 | €4,112 | ▼ 83.8% |
| + Depreciation and write-downs630 | €2,617 | €2,651 | €3,400 | €4,366 | €4,443 | €5,158 | €5,791 | ▲ 12.3% |
| Operating cash flow (approximation) | €5,852 | €10,274 | €24,844 | €24,183 | €34,778 | €30,495 | €9,903 | ▼ 67.5% |
| Investment in fixed assets (approximation) | - | -€7,277 | -€9,501 | -€2,726 | -€10,633 | €0 | -€6,665 | - |
| Change in cash | - | €16,412 | €32,337 | €29,320 | €23,245 | €41,575 | -€18,213 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 26-02-2026 | 2026-00045216 |
| 30-06-2024 | micro format | 22-02-2025 | 2025-00038617 |
| 30-06-2023 | micro format | 29-02-2024 | 2024-00037998 |
| 30-06-2022 | micro format | 21-02-2023 | 2023-00029487 |
| 30-06-2021 | micro format | 28-02-2022 | 2022-07200062 |
| 30-06-2020 | micro format | 28-02-2021 | 2021-06800279 |
| 30-06-2019 | micro format | 25-03-2020 | 2020-07400543 |
| 30-06-2018 | micro format | 27-02-2019 | 2019-06300141 |
| 30-06-2017 | micro format | 22-02-2018 | 2018-05400481 |
| 30-06-2016 | abbreviated format | 28-02-2017 | 2017-05800370 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
24-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousLegal-form conversion · Capital conversion · Registered office clause10 facts ▸
- General meeting, “eenparigheid van stemmen” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap(afgekort BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “vormen en meerderheden statutenwijziging, opheffing statutair onbeschikbaar eigen vermogen” (deed in Dutch)
- Amendment of the articles
- Registered office clause, “Willem Eggerickxstraat 37,1560 Hoeilaart, nog steeds gevestigd blijven” (deed in Dutch)
- Capital
- Board composition, MARTIN Ian (director)
- Other provision, “opdracht coordinatie statuten, opdracht aan ondergetekende notaris om coordinatie op te maken en te ondertekenen in overeenstemming met vorige besluiten en neer…” (deed in Dutch)
- Power of attorney
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23033A0522/00M005 | Flanders | 663 m² | 1 · 83 m² | 9.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Elke activiteit die betrekking heeft op de consultancysector,met in het bijzonder elke bijdrage aan de oprichting en ontwikkeling van…” (deed in Dutch)
4 activities (deed in Dutch)
- Elke activiteit die betrekking heeft op de consultancysector,met in het bijzonder elke bijdrage aan de oprichting en ontwikkeling van vennootschappen.Specifiek het verstrekken van financieel,technisch,commercieel of administratief advies in de breedste zin van het woord,met uitzondering van advies met betrekking tot investeringen,en dergelijke.Het verlenen van advies,bijstand verlenen en direct of indirect diensten leveren op het gebied van administratie en financiën,verkoop,productie,commerciële organisatie en distributietechnieken.Meer algemeen het algemeen beheer en het uitvoeren van alle dienstverlenende en beheersactiviteiten in de ruimste zin van deze begrippen voor elke natuurlijke of rechtspersoon.Het uitvoeren van opdrachten zoals organisatiestudies,expertises,handelingen en technisch of ander advies op elk gebied dat binnen haar doel valt.
- Het verstrekken van alle diensten en adviezen op het gebied van communicatie en marketing aan elke natuurlijke of rechtspersoon,met speciale nadruk op de ontwikkeling van strategieën en adviezen,het opstellen van actieplannen,merkontwikkeling en alle activiteiten met betrekking tot creatie en grafisch ontwerp,imago en representatie.
- Het organiseren,ontwikkelen en uitvoeren van conferenties,seminars en opleidingen.
- Handel in al zijn vormen,met speciale nadruk op invoer,uitvoer,groothandel,kleinhandel,vertegenwoordiging en makelaardij,evenals de productie,verwerking en het transport van alle goederen en producten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IPMG
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2” (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.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Ten minste vijftien dagen te rekenen van dag openstelling intekening, INBRENG IN GELD MET UITGIFTE VAN NIEUWE AANDELEN-RECHT VAN VOORKEUR” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Wednesday of December at 12:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment ontbonden door beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook is-zijn bestuurder-s in functie aangewezen als vereffenaar-s krachtens statuten indien…” (deed in Dutch)