iPower
ActiveSummary
The annual accounts of iPower for fiscal year 2025 show a net loss of 356% of total assets and of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €1k and a net result of €-10k. Equity is shrinking by ~43.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 51% of 7780 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-71
Solvency77▲+6
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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 2025Age of the figures
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
382 d late
2023
138 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 87.2%
2024 · €11k
2023: €11k
2024: €11k▲ +4.4% vs 2023highest in 3 years
2025: €1k▼ -87.2% vs 2024lowest in 3 years
2023 → 2025
Total assets
€3k▼ 88.8%
2024 · €24k
2023: €32khighest in 3 years
2024: €24k▼ -24.5% vs 2023
2025: €3k▼ -88.8% vs 2024lowest in 3 years
2023 → 2025
Net result
€-10k
2024 · €459
2023: €8khighest in 3 years
2024: €459▼ -93.9% vs 2023
2025: €-10k▼ -2190% vs 2024lowest in 3 years
2023 → 2025
Working capital
€561▼ 94.3%
2024 · €10k
2023: €11khighest in 3 years
2024: €10k▼ -6.1% vs 2023
2025: €561▼ -94.3% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€11k-€11k▲ 4.4%€1k▼ 87.2%
2023: €11k
2024: €11k▲ +4.4% vs 2023highest in 3 years
2025: €1k▼ -87.2% vs 2024lowest in 3 years
Operating result€12k-€1k▼ 88.4%€-13k
2023: €12khighest in 3 years
2024: €1k▼ -88.4% vs 2023
2025: €-13k▼ -1044% vs 2024lowest in 3 years
Net result€8k-€459▼ 93.9%€-10k
2023: €8khighest in 3 years
2024: €459▼ -93.9% vs 2023
2025: €-10k▼ -2190% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €1k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3k
Fixed assets
€842 ▼ 23.3%
Current assets
€2k ▼ 92.0%
Equity and liabilities €3k
Equity
€1k ▼ 87.2%
Debt
€1k ▼ 90.2%
Debt's share of the balance-sheet total falls from 54.3% to 47.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-13k▼
2024 · €2k
Cash flow
€-9k▼
2024 · €639
Interest coverage
-1460.56▼
2024 · 14.73
Debt ≤ 1 year
€1k▼
2024 · €13k
Income taxes
€0▼
2024 · €852
Staff costs
€295
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24k€3k▼
Fixed assets21/28€1k€842▼
Tangible fixed assets22/27€1k€842▼
Furniture and vehicles24€1k€842▼
Current assets29/58€23k€2k▼
Amounts receivable within one year40/41€12k€2k▼
Trade receivables40€12k€0▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€11k€0▼
Deferred charges and accrued income490/1€94€0▼
Equity and liabilities
Total equity and liabilities10/49€24k€3k▼
Equity10/15€11k€1k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€8k€-2k▼
Amounts payable17/49€13k€1k▼
Amounts payable within one year42/48€13k€1k▼
Trade debts44€2k€0▼
Suppliers440/4€2k€0▼
Taxes, remuneration and social security45€7k€0▼
Taxes450/3€7k€0▼
Other amounts payable47/48€4k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€295
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€180€256▲
Other operating charges640/8€768€481▼
Gross operating margin9900€2k€-12k▼
Operating profit (loss)9901€1k€-13k▼
Financial income75/76B€0€4k▲
Recurring financial income75€0€4k▲
Financial charges65/66B€109€9▼
Recurring financial charges65€109€9▼
Profit (loss) for the period before taxes9903€1k€-10k▼
Income taxes67/77€852€0▼
Profit (loss) for the period9904€459€-10k▼
Profit (loss) for the period to be appropriated9905€459€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-2k▼
Profit (loss) brought forward from the previous period14P€8k€8k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €295 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €180 | €256 | ▲ 41.9% |
| Other operating charges640/8 | €640 | €768 | €481 | ▼ 37.3% |
| Gross operating margin9900 | €14k | €2k | €-12k | ▼ 622% |
| Operating profit (loss)9901 | €12k | €1k | €-13k | ▼ 1,044% |
| Financial income75/76B | €0 | €0 | €4k | ▲ 38,157,300% |
| Recurring financial income75 | €0 | €0 | €4k | ▲ 38,157,300% |
| Financial charges65/66B | €82 | €109 | €9 | ▼ 91.7% |
| Recurring financial charges65 | €82 | €109 | €9 | ▼ 91.7% |
| Profit (loss) for the period before taxes9903 | €12k | €1k | €-10k | ▼ 832% |
| Income taxes67/77 | €5k | €852 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €8k | €459 | €-10k | ▼ 2,190% |
| Profit (loss) for the period to be appropriated9905 | €8k | €459 | €-10k | ▼ 2,190% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €32k | €24k | €3k | ▼ 88.8% |
| Fixed assets21/28 | - | €1k | €842 | ▼ 23.3% |
| Tangible fixed assets22/27 | - | €1k | €842 | ▼ 23.3% |
| Furniture and vehicles24 | - | €1k | €842 | ▼ 23.3% |
| Current assets29/58 | €32k | €23k | €2k | ▼ 92.0% |
| Amounts receivable within one year40/41 | €1k | €12k | €2k | ▼ 84.1% |
| Trade receivables40 | €1k | €12k | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €2k | - |
| Cash at bank and in hand54/58 | €30k | €11k | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €91 | €94 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €32k | €24k | €3k | ▼ 88.8% |
| Equity10/15 | €11k | €11k | €1k | ▼ 87.2% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €8k | €8k | €-2k | ▼ 120% |
| Amounts payable17/49 | €21k | €13k | €1k | ▼ 90.2% |
| Amounts payable within one year42/48 | €21k | €13k | €1k | ▼ 90.2% |
| Trade debts44 | €4k | €2k | €0 | ▼ 100% |
| Suppliers440/4 | €4k | €2k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €7k | €7k | €0 | ▼ 100% |
| Taxes450/3 | €7k | €7k | €0 | ▼ 100% |
| Other amounts payable47/48 | €11k | €4k | €1k | ▼ 71.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €459 | €-10k | ▼ 2,190% |
| + Depreciation and write-downs630 | €1k | €180 | €256 | ▲ 41.9% |
| Operating cash flow (approximation) | €9k | €639 | €-9k | ▼ 1,561% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €-19k | €-11k | ▲ 41.0% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
17-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 382 days late
2025
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 138 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Brugge · 1 establishment unit since 2022
Ground area
562 m²
Building footprint
489 m²
Volume, LiDAR
3,655 m³
Parcel 31029C0643/00V007, Flanders · tallest building 15.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Moerkerkse Steenweg 110, 8310 Brugge
since 20222.336.562.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029C0643/00V007 | Flanders | 562 m² | 1 · 489 m² | 15.8 m · 3 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.
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 1,302 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
35150Electricity, gas, steam and air conditioning supply
35230Electricity, gas, steam and air conditioning supply
Scores and ratios are computed by Checked and are not a credit decision.