IPPES
ActiveSummary
IPPES has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €424k and a net result of €-56k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-20
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 40.84 against 2.23 in 2024; short-term debt: 1.3% and cash: 6.9% of total assets), and 1.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.6%
Return on assets
-13%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
1 d early
2023
1 d early
2022
2 d early
2021
1 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€424k▼ 11.6%
2024 · €479k
Total assets
€430k▼ 35.5%
2024 · €666k
Net result
€-56k
2024 · €24k
Working capital
€225k▼ 1.1%
2024 · €228k
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
Line20212022202320242025
Operating result€58k▼ 43.6%€45k▼ 22.3%€49k▲ 7.9%€29k▼ 40.6%€-61k
Net result€53k▼ 48.0%€34k▼ 36.4%€36k▲ 5.2%€24k▼ 32.3%€-56k
Equity€387k▲ 15.4%€420k▲ 8.3%€455k▲ 8.5%€479k▲ 5.3%€424k▼ 11.6%
Total assets€773k▼ 1.4%€782k▲ 1.2%€724k▼ 7.4%€666k▼ 8.1%€430k▼ 35.5%
Debt€386k▼ 14.0%€363k▼ 5.9%€269k▼ 25.8%€187k▼ 30.7%€6k▼ 96.7%
Working capital€82k▲ 71.1%€106k▲ 29.0%€131k▲ 24.3%€228k▲ 73.7%€225k▼ 1.1%
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 €61k after €29k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430k
Fixed assets
€199k ▼ 21.2%
Current assets
€231k ▼ 44.2%
Equity and liabilities €430k
Equity
€424k ▼ 11.6%
Debt
€6k ▼ 96.7%
Debt's share of the balance-sheet total falls from 28.0% to 1.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €127k
Cash flow
€41k▼
2024 · €122k
Current ratio
40.84▲
2024 · 2.23
Quick ratio
40.57▲
2024 · 2.22
Debt to equity
0.01▼
2024 · 0.39
ROE
-13.2%▼
2024 · 5.0%
ROA
-13.0%▼
2024 · 3.6%
Interest coverage
136.85▲
2024 · 88.90
Debt ≤ 1 year
€6k▼
2024 · €186k
Income taxes
€131▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €5k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72k | €79k | €91k | €98k | €97k | ▼ 1.1% |
| Other operating charges640/8 | €2k | €2k | €3k | €4k | €2k | ▼ 37.0% |
| Gross operating margin9900 | €132k | €127k | €142k | €130k | €38k | ▼ 70.7% |
| Operating profit (loss)9901 | €58k | €45k | €49k | €29k | €-61k | ▼ 310% |
| Financial income75/76B | €7k | €5k | €5k | €6k | €5k | ▼ 3.0% |
| Recurring financial income75 | €7k | €5k | €5k | €6k | €5k | ▼ 3.0% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €5k | €4k | €3k | €1k | €262 | ▼ 81.6% |
| Recurring financial charges65 | €5k | €4k | €3k | €1k | €262 | ▼ 81.6% |
| Profit (loss) for the period before taxes9903 | €60k | €46k | €51k | €33k | €-56k | ▼ 268% |
| Income taxes67/77 | €6k | €12k | €15k | €9k | €131 | ▼ 98.5% |
| Profit (loss) for the period9904 | €53k | €34k | €36k | €24k | €-56k | ▼ 331% |
| Transfer from tax-exempt reserves789 | €38k | €32k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €92k | €66k | €36k | €24k | €-56k | ▼ 331% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €773k | €782k | €724k | €666k | €430k | ▼ 35.5% |
| Fixed assets21/28 | €400k | €374k | €341k | €252k | €199k | ▼ 21.2% |
| Tangible fixed assets22/27 | €332k | €306k | €273k | €184k | €131k | ▼ 29.1% |
| Land and buildings22 | €142k | €113k | €87k | €51k | €14k | ▼ 72.3% |
| Plant, machinery and equipment23 | €56k | €76k | €102k | €84k | €93k | ▲ 10.0% |
| Furniture and vehicles24 | €97k | €88k | €61k | €33k | €14k | ▼ 56.3% |
| Other tangible fixed assets26 | €37k | €30k | €23k | €16k | €10k | ▼ 41.8% |
| Financial fixed assets28 | €68k | €68k | €68k | €68k | €68k | = |
| Current assets29/58 | €373k | €408k | €383k | €414k | €231k | ▼ 44.2% |
| Amounts receivable after more than one year29 | €50k | €0 | - | - | - | - |
| Other amounts receivable291 | €50k | €0 | - | - | - | - |
| Stocks and contracts in progress3 | - | €3k | €2k | €1k | €2k | ▲ 21.3% |
| Stocks30/36 | - | €3k | €2k | €1k | €2k | ▲ 21.3% |
| Amounts receivable within one year40/41 | €151k | €193k | €171k | €173k | €195k | ▲ 12.6% |
| Trade receivables40 | €20k | €21k | €42k | €39k | €599 | ▼ 98.5% |
| Other amounts receivable41 | €131k | €173k | €129k | €133k | €194k | ▲ 45.4% |
| Cash at bank and in hand54/58 | €169k | €209k | €205k | €235k | €30k | ▼ 87.4% |
| Deferred charges and accrued income490/1 | €3k | €3k | €4k | €5k | €5k | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €773k | €782k | €724k | €666k | €430k | ▼ 35.5% |
| Equity10/15 | €387k | €420k | €455k | €479k | €424k | ▼ 11.6% |
| Contributions10/11 | €181k | €181k | €181k | €181k | €181k | = |
| Reserves13 | €207k | €239k | €275k | €299k | €275k | ▼ 8.1% |
| Non-distributable reserves130/1 | €18k | €18k | €18k | €0 | - | - |
| Reserves not available under the articles1311 | €18k | €18k | €18k | €0 | - | - |
| Tax-exempt reserves132 | €32k | €0 | - | - | - | - |
| Distributable reserves133 | €157k | €221k | €257k | €299k | €275k | ▼ 8.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | €-32k | - |
| Amounts payable17/49 | €386k | €363k | €269k | €187k | €6k | ▼ 96.7% |
| Amounts payable after more than one year17 | €94k | €60k | €16k | €0 | - | - |
| Financial debts170/4 | €94k | €60k | €16k | €0 | - | - |
| Amounts payable within one year42/48 | €291k | €303k | €252k | €186k | €6k | ▼ 97.0% |
| Current portion of amounts payable after more than one year42 | €53k | €48k | €46k | €19k | €0 | ▼ 100% |
| Trade debts44 | €10k | €21k | €6k | €3k | €4k | ▲ 35.8% |
| Suppliers440/4 | €10k | €21k | €6k | €3k | €4k | ▲ 35.8% |
| Taxes, remuneration and social security45 | €9k | €5k | €2k | €9k | €2k | ▼ 83.5% |
| Taxes450/3 | €9k | €5k | €2k | €9k | €2k | ▼ 83.5% |
| Other amounts payable47/48 | €219k | €229k | €199k | €155k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €651 | €552 | €669 | €500 | ▼ 25.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €34k | €36k | €24k | €-56k | ▼ 331% |
| + Depreciation and write-downs630 | €72k | €79k | €91k | €98k | €97k | ▼ 1.1% |
| Operating cash flow (approximation) | €125k | €113k | €126k | €122k | €41k | ▼ 66.4% |
| Investment in fixed assets (approximation) | - | €-54k | €-57k | €-9k | €-43k | ▼ 389% |
| Change in cash | - | €39k | €-3k | €29k | €-205k | ▼ 797% |
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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity times 18current ratio 40.84
Current ratio from 2.23 to 40.84; short-term debt falls from €186k to €6k.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €102k
Net result €102k after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Avelgem · 2 establishment units since 2002
Ground area
2,217 m²
Building footprint
1,266 m²
Volume, LiDAR
6,911 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Okkerdriesstraat 54, 8582 Avelgem
since 20022.114.190.620
Doorniksesteenweg 157, 8580 Avelgem
since 20182.275.849.236
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A3102/00D002 | Flanders | 1,170 m² | 1 · 1,090 m² | 6.8 m · 2 fl. |
| 34031A0268/00D000 | Flanders | 1,047 m² | 1 · 176 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 35,948 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
Founded14-10-2002
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.