Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of IPOPI is 0.1% (very low). The 2024 annual accounts show equity of €1.58M and a net result of €-42k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 52 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Signals
1 signal · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 90% of 52 peers (2024). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-07-2025, 19 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 12-07-2025 | 19 d early | 2025-00281150 |
| 31-12-2023 | 31-07-2024 | 19-08-2024 | 19 d late | 2024-00362184 |
| 31-12-2022 | 31-07-2023 | 28-06-2023 | 33 d early | 2023-00176931 |
| 31-12-2021 | 31-07-2022 | 05-07-2022 | 26 d early | 2022-20135189 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form
−Lower-failure-rate sector
−Young company
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-42k
Working capital€1.60M-16.1%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 12-07-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~7.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 90 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 96.7% | 40.5% | |
| Net result | €-42k | €9k | |
| Equity | €1.58M | €91k | |
| Gross operating margin | €33k | €34k | |
| Total assets | €1.63M | €302k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P90
Stable position over 2021-2024
· n=37-52
P5
Weakening position over 2021-2024
· n=37-52
P87
Stable position over 2021-2024
· n=37-52
P49
Weakening position over 2021-2024
· n=36-50
Describes the position versus peers, not a forecast.
€-44k
-
21-24
€-42k
-
21-24
€-38k
-
21-24
€1.63M
-17.0%
21-24
€1.58M
-2.6%
21-24
€1.60M
-16.1%
21-24
1
0.0%
21-24
€76k
+23.6%
21-24
€53k
-84.6%
21-24
€27k
-47.0%
21-24
61.44
+56.8%
21-24
61.44
+56.8%
21-24
96.7%
+17.3%
21-24
0.03
-84.1%
21-24
-2.7%
-
21-24
-2.6%
-
21-24
-9.45
-
21-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-44k |
| Net profit | €-42k |
| Cash flow | €-38k |
| Staff costs | €76k |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.63M |
| Equity | €1.58M |
| Debt | €53k |
| of which ≤ 1y | €27k |
| of which > 1y | - |
| Working capital | €1.60M |
| Employees (FTE) | 1.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 61.44 |
| Quick ratio | 61.44 |
| Working capital ratio | 98.2% |
| Solvency | 96.7% |
| Debt / equity | 0.03 |
| Long-term debt ratio | - |
| Interest coverage | -9.45 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.6% |
| ROE | -2.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.63M |
| Fixed assets | 21/28 | €3k |
| Tangible fixed assets | 22/27 | €3k |
| Current assets | 29/58 | €1.63M |
| Amounts receivable within one year | 40/41 | €192k |
| Investments | 50/53 | €518k |
| Cash & bank | 54/58 | €912k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.63M |
| Equity | 10/15 | €1.58M |
| Accumulated profits (losses) | 14 | €1.58M |
| Amounts payable | 17/49 | €53k |
| Amounts payable within one year | 42/48 | €27k |
| Trade debts payable within one year | 44 | €22k |
| Income statement | ||
| Gross operating margin | 9900 | €33k |
| Operating result | 9901 | €-49k |
| Financial income | 75 | €11k |
| Financial charges | 65 | €5k |
| Result before taxes | 9903 | €-42k |
| Net result for the period | 9904 | €-42k |
| Result to be appropriated | 9905 | €-42k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
under verificationDirectors derived from a single State Gazette act, under verification
All 8 current directors first appear in the same act (25101098). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
-
Adhi Nugraha SugihartoDirector (executive)State Gazette act 25101098 (08-08-2025)Current08-08-2025 → present
-
Bruce Lim Wee DiongDirector (executive)State Gazette act 25101098 (08-08-2025)Current08-08-2025 → present
-
Martine Barthelémy (ép. Pergent)Director (executive)State Gazette act 25101098 (08-08-2025)Current08-08-2025 → present
-
Roberta AnidoDirector (executive)State Gazette act 25101098 (08-08-2025)Current08-08-2025 → present
-
Tracy ShawDirector (executive)State Gazette act 25101098 (08-08-2025)Current08-08-2025 → present
-
Cynthia OlotchDirector (executive)State Gazette act 25101098 (08-08-2025)Current16-03-2023 → present
2 events
- 08-08-2025 Appointed· Director (executive)
- 16-03-2023 Appointed· Membre du comité exécutif
-
Otilia StangaDirector (executive)State Gazette act 25101098 (08-08-2025)Current16-03-2023 → present
2 events
- 08-08-2025 Appointed· Director (executive)
- 16-03-2023 Appointed· Membre du comité exécutif
-
Whitney GoulstoneDirector (executive)State Gazette act 25101098 (08-08-2025)Current16-03-2023 → present
2 events
- 08-08-2025 Appointed· Director (executive)
- 16-03-2023 Appointed· Membre du comité exécutif
Former directors (6)
-
Jeffery, ChristineDirector (executive)State Gazette act 25101098 (08-08-2025)Former- → 08-08-2025
-
Seymour, JohnDirector (executive)State Gazette act 25101098 (08-08-2025)Former- → 08-08-2025
-
Wuite JosinaDirector (executive)State Gazette act 25101098 (08-08-2025)Former- → 08-08-2025
-
Gressani, AndreaDirector (executive)State Gazette act 25101098 (08-08-2025)Former- → 26-04-2023
-
KOZHEREVA ViolettaMembre du comité exécutifState Gazette act 23037578 (16-03-2023)Former- → 31-10-2020
-
PIENAAR Anna SophiaMembre du comité exécutifState Gazette act 23037578 (16-03-2023)Former- → 31-10-2020
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Andere ondersteunende activiteiten voor scheppende en uitvoerende kunst, neg(90399) |
| Legal form | Int'l non-profit association(125) |
| Incorporation | 19-01-2021 |
| Status | Active |
| Postal code | 1050 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Louizalaan 651050 ElseneEstablishment units
1 locationIPOPI
since 20222.337.299.330
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,950 m²
Buildings2
Building footprint2,698 m²
Volume (LiDAR)65,238 m³
Tallest building35.6 m · ±9 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 fl. |
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts Address history · 1
01-07-2024
Registered-office move
All acts · 3
updated 1 year ago
2025
08-08-2025 9 directors appointed, 4 resigning, 5 reappointed
- Crisi Fabio, Commissaris
- Martine Barthelémy (ép. Pergent), Directeur
- Otilia Stanga, Directeur
- Whitney Goulstone, Directeur
- Cynthia Olotch, Directeur
- Roberta Anido, Directeur
- Tracy Shaw, Directeur
- Adhi Nugraha Sugiharto, Directeur
2024
01-07-2024 Registered office moved to Bruxelles
- Avenue Louise, 65, Bte 11, 1050, Bruxelles
2023
16-03-2023 4 directors appointed, 2 resigning, 3 reappointed
- Fabio Crisi, Commissaris
- Cynthia OLOTCH, Membre du comité exécutif
- Otilia Stanga, Membre du comité exécutif
- Whitney Goulstone, Membre du comité exécutif
- PIENAAR Anna Sophia, Membre du comité exécutif
- KOZHEREVA Violetta, Membre du comité exécutif
- BARTHELEMY Martine Jeanne épouse PERGENT, Membre du comité exécutif
- ANIDO Roberta Eleonora Adriana, Membre du comité exécutif
Analysis
Snowflake analysis
financial profile on 5 axes60
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
52
Stability
94
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 0739.883.534 · Zonhoven
BE 0799.653.746 · Namur
BE 0806.498.778 · Sint-Jans-Molenbeek
BE 0768.467.553 · Vorst
BE 0798.827.266 · Antwerpen
We hold annual accounts for 49 of the 1,255 companies in this sector. 7 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Overige ondersteunende activiteiten voor de uitvoerende kunsten90029Andere ondersteunende activiteiten voor scheppende en uitvoerende kunst, neg90399Verenigingen op het vlak van ziektepreventie en gezondheidsbevordering94993Verenigingen op het vlak van ziektepreventie en gezondheidsbevordering94993Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990Overige menselijke gezondheidszorg, n.e.g.86909Activiteiten op het gebied van voeding86995
Primary activity highlighted.
Names & trade names
| Legal nameFR | IPOPI |
Registered office
Louizalaan 65 bus 11
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.