IPNG
ActiveSummary
IPNG has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €279k and a net result of €9k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-32
Solvency61▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.96 in 2023; short-term debt: 63.7% and cash: 3.2% of total assets), but 63.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
58 d early
2022
41 d early
2021
16 d early
2020
47 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€279k▲ 3.4%
2023 · €270k
Total assets
€769k▲ 39.6%
2023 · €551k
Net result
€9k▼ 31.7%
2023 · €13k
Working capital
€279k▲ 3.2%
2023 · €270k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-21k€20k€72k▲ 262%€19k▼ 73.1%€34k▲ 77.8%
Net result€-22k€17k€45k▲ 167%€13k▼ 70.7%€9k▼ 31.7%
Equity€194k▼ 10.2%€211k▲ 8.7%€257k▲ 21.4%€270k▲ 5.2%€279k▲ 3.4%
Total assets€208k▼ 6.6%€416k▲ 100%€419k▲ 0.7%€551k▲ 31.6%€769k▲ 39.6%
Debt€13k▲ 134%€204k▲ 1,454%€162k▼ 20.7%€281k▲ 73.4%€490k▲ 74.4%
Working capital€194k▼ 10.0%€211k▲ 9.1%€292k▲ 38.0%€270k▼ 7.3%€279k▲ 3.2%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 78% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €769k
Fixed assets
€56 =
Current assets
€769k ▲ 39.6%
Equity and liabilities €769k
Equity
€279k ▲ 3.4%
Debt
€490k ▲ 74.4%
Debt's share of the balance-sheet total rises from 51.0% to 63.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.57▼
2023 · 1.96
Quick ratio
0.06▼
2023 · 0.34
Debt to equity
1.76▲
2023 · 1.04
ROE
3.3%▼
2023 · 4.9%
ROA
1.2%▼
2023 · 2.4%
Debt ≤ 1 year
€490k▲
2023 · €281k
Income taxes
€4k▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €419 | €419 | €419 | €0 | - | - |
| Other operating charges640/8 | - | €633 | €1k | €2k | €2k | ▲ 4.4% |
| Gross operating margin9900 | €-20k | €21k | €74k | €21k | €36k | ▲ 71.4% |
| Operating profit (loss)9901 | €-21k | €20k | €72k | €19k | €34k | ▲ 77.8% |
| Financial income75/76B | - | €408 | €8 | €0 | €322 | ▲ 1,612,250% |
| Recurring financial income75 | - | €408 | €8 | €0 | €322 | ▲ 1,612,250% |
| Financial charges65/66B | - | €1k | €5k | €681 | €22k | ▲ 3,103% |
| Recurring financial charges65 | €582 | €1k | €5k | €681 | €22k | ▲ 3,103% |
| Profit (loss) for the period before taxes9903 | €-22k | €19k | €67k | €19k | €13k | ▼ 30.6% |
| Income taxes67/77 | €86 | €2k | €21k | €5k | €4k | ▼ 27.7% |
| Profit (loss) for the period9904 | €-22k | €17k | €45k | €13k | €9k | ▼ 31.7% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €17k | €45k | €13k | €9k | ▼ 31.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208k | €416k | €419k | €551k | €769k | ▲ 39.6% |
| Fixed assets21/28 | €893 | €474 | €56 | €56 | €56 | = |
| Tangible fixed assets22/27 | €837 | €419 | - | - | - | - |
| Furniture and vehicles24 | - | €419 | - | - | - | - |
| Financial fixed assets28 | €56 | €56 | €56 | €56 | €56 | = |
| Current assets29/58 | €207k | €415k | €419k | €551k | €769k | ▲ 39.6% |
| Stocks and contracts in progress3 | - | €194k | €219k | €455k | €741k | ▲ 62.6% |
| Stocks30/36 | - | €194k | €219k | €455k | €741k | ▲ 62.6% |
| Amounts receivable within one year40/41 | €16k | €560 | €184k | €10k | €4k | ▼ 60.9% |
| Trade receivables40 | - | - | - | - | €4k | - |
| Other amounts receivable41 | - | €560 | €184k | €10k | €0 | ▼ 100% |
| Current investments50/53 | €3 | €3 | €3 | €3 | €3 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €185k | €191k | €14k | €84k | €24k | ▼ 71.0% |
| Deferred charges and accrued income490/1 | - | €30k | €1k | €2k | €474 | ▼ 72.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208k | €416k | €419k | €551k | €769k | ▲ 39.6% |
| Equity10/15 | €194k | €211k | €257k | €270k | €279k | ▲ 3.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €154k | €171k | €217k | €230k | €239k | ▲ 3.9% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €165k | €211k | €224k | €233k | ▲ 4.1% |
| Profit (loss) carried forward14 | €-22k | €-22k | €-22k | €-22k | €-22k | = |
| Amounts payable17/49 | €13k | €204k | €162k | €281k | €490k | ▲ 74.4% |
| Amounts payable within one year42/48 | €13k | €204k | €127k | €281k | €490k | ▲ 74.7% |
| Financial debts43 | - | - | - | €137k | €285k | ▲ 107% |
| Credit institutions430/8 | - | - | - | €137k | €285k | ▲ 107% |
| Trade debts44 | €4k | €194k | €2k | €2k | €2k | ▲ 21.9% |
| Suppliers440/4 | - | €194k | €2k | €2k | €2k | ▲ 21.9% |
| Taxes, remuneration and social security45 | - | €5k | €15k | €7k | €13k | ▲ 86.8% |
| Taxes450/3 | - | €2k | €15k | €5k | €11k | ▲ 138% |
| Remuneration and social security454/9 | - | €3k | - | €3k | €3k | ▲ 1.2% |
| Other amounts payable47/48 | - | €5k | €109k | €134k | €190k | ▲ 41.3% |
| Accrued charges and deferred income492/3 | - | €460 | €35k | €540 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €17k | €45k | €13k | €9k | ▼ 31.7% |
| + Depreciation and write-downs630 | €419 | €419 | €419 | €0 | - | - |
| Operating cash flow (approximation) | €-22k | €17k | €46k | €13k | €9k | ▼ 31.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €5k | €-177k | €70k | €-60k | ▼ 185% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Equity above €200kEq €211k ▲8.7%
Equity rises from €194k to €211k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are 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, Sint-Martens-Latem · 1 establishment unit since 2000
Ground area
1,024 m²
Building footprint
202 m²
Volume, LiDAR
1,148 m³
Parcel 44064B0232/00H000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IPNG
since 20002.099.683.873
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0232/00H000 | Flanders | 1,024 m² | 1 · 202 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Infinity Building
BE 0809.890.315
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SUBLIEM PROJECT
BE 0834.311.747
Bonheiden · Eq €279,173
GEMEXMA
BE 0827.548.273
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VG PROJECTS
BE 0861.697.322
Sint-Niklaas · Eq €278,813
ELGE
BE 0474.097.693
Hamont-Achel · Eq €278,712
Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,853 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
43120Site preparation
Scores and ratios are computed by Checked and are not a credit decision.