IPN
ActiveThe computed 12-month bankruptcy probability of IPN is 2.9% (moderate). The 2024 annual accounts show equity of €102k and a net result of €4k. Its solvency ranks better than 55% of 36378 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-29
Solvency76▼-8
Growth52
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.12 in 2023; short-term debt: 39.5% and cash: 28.6% of total assets), and 48.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.4%
Return on assets
2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€102k▲ 4.0%
2023 · €98k
2023: €98k
2023 → 2024
Total assets
€198k▲ 19.7%
2023 · €166k
2023: €166k
2023 → 2024
Net result
€4k▼ 96.8%
2023 · €125k
2023: €125k
2023 → 2024
Working capital
€37k▲ 380%
2023 · €8k
2023: €8k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€98k-€102k▲ 4.0%
Operating result€151k-€5k▼ 96.9%
Net result€125k-€4k▼ 96.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 97% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €198k
Fixed assets
€83k▼ 11.1%
Current assets
€115k▲ 59.4%
Equity and liabilities €198k
Equity
€102k▲ 4.0%
Debt
€96k▲ 42.3%
The debt ratio rises from 40.9% to 48.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▼
2023 · €170k
Cash flow
€45k▼
2023 · €145k
Solvency
51.4%▼
2023 · 59.1%
Current ratio
1.47▲
2023 · 1.12
Quick ratio
1.47▲
2023 · 1.12
Debt / equity
0.94▲
2023 · 0.69
ROE
3.9%▼
2023 · 127.6%
ROA
2.0%▼
2023 · 75.5%
Interest coverage
135.90
Debt
€96k▲
2023 · €68k
Debt ≤ 1 year
€78k▲
2023 · €65k
Income taxes
€1k▼
2023 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€166k€198k▲
Fixed assets21/28€93k€83k▼
Tangible fixed assets22/27€93k€83k▼
Land and buildings22€16k€10k▼
Plant, machinery and equipment23€60k€63k▲
Furniture and vehicles24€17k€10k▼
Current assets29/58€72k€115k▲
Amounts receivable within one year40/41€68k€58k▼
Trade receivables40€43k€51k▲
Other amounts receivable41€25k€7k▼
Cash at bank and in hand54/58€3k€57k▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€166k€198k▲
Equity10/15€98k€102k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€95k€99k▲
Amounts payable17/49€68k€96k▲
Amounts payable within one year42/48€65k€78k▲
Trade debts44€8k€4k▼
Suppliers440/4€8k€4k▼
Taxes, remuneration and social security45€27k€28k▲
Taxes450/3€27k€28k▲
Remuneration and social security454/9-€0
Other amounts payable47/48€30k€47k▲
Accrued charges and deferred income492/3€3k€18k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€41k▲
Other operating charges640/8€777€1k▲
Gross operating margin9900€171k€47k▼
Operating profit (loss)9901€151k€5k▼
Financial income75/76B€1k€648▼
Recurring financial income75€1k€648▼
Financial charges65/66B-€339
Recurring financial charges65-€339
Profit (loss) for the period before taxes9903€152k€5k▼
Income taxes67/77€27k€1k▼
Profit (loss) for the period9904€125k€4k▼
Profit (loss) for the period to be appropriated9905€125k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€125k€99k▼
Profit (loss) brought forward from the previous period14P-€95k
Profit to be distributed694/7€30k€0▼
Directors or managers695€30k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Equity above €100kEq €102k ▲4%
2 profitable years in a row build equity to €102k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gavere · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grotenbroekstraat 1449890 GavereGround area
1,224 m²
Building footprint
263 m²
Volume, LiDAR
770 m³
Parcel 44060A0389/00G000, Flanders · tallest building 3.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IPN
since 20232.346.345.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44060A0389/00G000 | Flanders | 1,224 m² | 1 · 263 m² | 3.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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KURT AMEYE LIGHT AND INDUSTRY
BE 0891.937.962
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DE ROUCK & C°
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Goozz Security
BE 1019.140.002
Brugge · Eq €102k
A.B. Energies
BE 0842.077.091
Manhay · Eq €102k
Spider Security Group
BE 0737.871.872
Schoten · Eq €102k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 8,806 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2023
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.