IPR
ActiveSummary
IPR has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €969,186 and a net result of €28,927. Equity has been shrinking by about 7.5% per year since 2018. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-01-1994 Normal situation
- Registered office
- 43 active companies are registered at this address 6 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.113.030.281 1140 Evere, since 06-02-2003
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €89,344
- ▲ 8.4%
- Turnover
- ≈ €250,000
- estimated
- Profit
- €28,927
- ▲ 36.4%
- Equity
- €969,186
- ▼ 0.7%
- Total assets
- €1.1m
- ▲ 1.0%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSize: total assets €1.1mEquity €969,186 (91.9% of total assets)Figures for financial year 2025 (filed on 30-06-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 56% on liquidity, 53% on profitability and 42% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 20 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 32 filings
Every figure per financial year
The operating result for 2025 is 53% higher than in 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,239 | €1,130 | €224 | €5,188 | €901 |
| Depreciation and write-downs of the year | €64,481 | €64,705 | €44,599 | €42,516 | €33,776 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,322 | €61,916 | €62,359 | €64,481 | €64,705 | €44,599 | €42,516 | €33,776 | ▼ 20.6% |
| Other operating charges640/8 | - | - | - | €9,961 | €16,069 | €10,919 | €11,330 | €11,687 | ▲ 3.1% |
| Gross operating margin9900 | €77,589 | €74,590 | €73,692 | €66,643 | €70,718 | €115,150 | €82,447 | €89,344 | ▲ 8.4% |
| Operating profit (loss)9901 | -€4,668 | €2,390 | €1,016 | -€7,798 | -€10,057 | €59,632 | €28,601 | €43,882 | ▲ 53.4% |
| Financial income75/76B | - | - | - | - | €379 | €302 | - | - | - |
| Recurring financial income75 | - | - | - | - | €379 | €302 | - | - | - |
| Financial charges65/66B | - | - | - | €155 | €139 | €115 | €161 | €203 | ▲ 26.1% |
| Recurring financial charges65 | €17,373 | €6,132 | €4,120 | €155 | €139 | €115 | €161 | €203 | ▲ 26.1% |
| Profit (loss) for the period before taxes9903 | -€22,041 | -€18,139 | -€3,104 | -€7,954 | -€9,817 | €59,820 | €28,440 | €43,679 | ▲ 53.6% |
| Transfer from deferred taxes780 | - | - | - | - | €2,091 | €3,130 | €3,130 | €3,130 | = |
| Income taxes67/77 | €5,742 | -€252 | €5,167 | €4,124 | €4,331 | €12,891 | €10,365 | €17,881 | ▲ 72.5% |
| Profit (loss) for the period9904 | -€27,783 | -€17,887 | -€8,271 | -€12,078 | -€12,057 | €50,059 | €21,205 | €28,927 | ▲ 36.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,522 | €6,272 | €9,390 | €9,390 | €9,390 | = |
| Profit (loss) for the period to be appropriated9905 | -€2,988 | -€5,365 | €4,250 | €444 | -€5,785 | €59,449 | €30,595 | €38,317 | ▲ 25.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.5m | €1.3m | €1.2m | €1.1m | €1.0m | €1.0m | €1.1m | ▲ 1.0% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.2m | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 3.3% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.2m | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 3.3% |
| Land and buildings22 | - | - | - | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 2.6% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.02m | €0.02m | €0.01m | €0.006m | ▼ 53.0% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.003m | €0.002m | €0.002m | €0.002m | ▼ 22.5% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €0.2m | €0.3m | €0.1m | €0.09m | €0.06m | €0.01m | €0.04m | €0.09m | ▲ 103% |
| Amounts receivable within one year40/41 | €0.002m | €0.002m | €0.003m | €0.006m | €0.01m | €0.003m | €0.003m | €0.003m | = |
| Trade receivables40 | - | - | - | €0.004m | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.002m | €0.01m | €0.003m | €0.003m | €0.003m | = |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.1m | €0.08m | €0.05m | €0.004m | €0.04m | €0.08m | ▲ 118% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.003m | €0.002m | €0.002m | ▼ 14.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.3m | €1.2m | €1.1m | €1.0m | €1.0m | €1.1m | ▲ 1.0% |
| Equity10/15 | €1.5m | €1.5m | €1.3m | €1.2m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 0.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.8m | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 4.2% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 5.0% |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 7.7% |
| Profit (loss) carried forward14 | €0.6m | €0.6m | €0.5m | €0.4m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 16.3% |
| Provisions and deferred taxes16 | - | - | - | - | €0.07m | €0.07m | €0.06m | €0.06m | ▼ 5.0% |
| Deferred taxes168 | - | - | - | - | €0.07m | €0.07m | €0.06m | €0.06m | ▼ 5.0% |
| Amounts payable17/49 | €0.09m | €0.09m | €0.007m | €0.005m | €0.09m | €0.007m | €0.005m | €0.03m | ▲ 411% |
| Amounts payable after more than one year17 | €0.09m | €0.09m | - | €0.001m | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 10.9% |
| Other amounts payable178/9 | - | - | - | €0.001m | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 10.9% |
| Amounts payable within one year42/48 | €0.003m | €0.004m | €0.007m | €0.004m | €0.09m | €0.003m | €0.001m | €0.02m | ▲ 18× |
| Trade debts44 | €1 | €1 | - | - | - | €443 | €0.001m | - | - |
| Suppliers440/4 | - | - | - | - | - | €443 | €0.001m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.008m | €0.003m | €365 | €0.003m | ▲ 690% |
| Taxes450/3 | - | - | - | €0.004m | €0.008m | €0.003m | €365 | €0.003m | ▲ 690% |
| Other amounts payable47/48 | - | - | - | - | €0.08m | - | - | €0.02m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.001m | €0.001m | €0.004m | ▲ 177% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,783 | -€17,887 | -€8,271 | -€12,078 | -€12,057 | €50,059 | €21,205 | €28,927 | ▲ 36.4% |
| + Depreciation and write-downs630 | €66,322 | €61,916 | €62,359 | €64,481 | €64,705 | €44,599 | €42,516 | €33,776 | ▼ 20.6% |
| Operating cash flow (approximation) | €38,539 | €44,029 | €54,088 | €52,403 | €52,648 | €94,657 | €63,721 | €62,703 | ▼ 1.6% |
| Investment in fixed assets (approximation) | - | -€6,603 | -€10,947 | -€8,239 | -€1,148 | -€224 | -€5,188 | -€901 | ▲ 82.6% |
| Change in cash | - | €40,581 | -€142,122 | -€61,147 | -€31,799 | -€45,719 | €33,037 | €43,981 | ▲ 33.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as IPR has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IPR itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for IPR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00251236 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00189145 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00152098 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00152495 | |
| 31-12-2021 | full format | 02-08-2022 | 2022-20266861 | |
| 31-12-2020 | full format | 29-07-2021 | 2021-43000418 | |
| 31-12-2019 | full format | 31-07-2020 | 2020-38900542 | |
| 31-12-2018 | full format | 26-07-2019 | 2019-39400324 | |
| 31-12-2017 | full format | 16-03-2018 | 2018-07000028 | |
| 31-12-2016 | full format | 27-03-2017 | 2017-07500258 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 22-07-2025 Capital stated in 2 acts · €61,500 · 1,250 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| THIELEMANS Chantal Nelly Suzy Jeanne |
|
| THIELEMANS René Henri |
|
| THIELEMANS René |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Fixée par l’assemblée qui nomme, administrateur unique”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Pouvoirs des liquidateurs, sauf si l'assemblée générale en décide autrement,à la majorité des voix”
Articles of association, deed of 22-07-2025 (in French)
Network & group
IPR shares no director with another company.
Companies at the same address
42 other companies- LDH Account Management & Consulting Registered office · since 2026 1044034259
- HEYRAS Registered office · since 2026 1040910562
- Maïté Vande Velde Registered office · since 2026 1039584533
- OneFid Group Registered office · since 2026 1038911768
- METIS IA Registered office · since 2026 1036581491
- Valtera Management Registered office · since 2026 1036344040
- SOLVACTION Registered office · since 2025 1019583727
- P.E.ECONOMICS Registered office · since 2023 0797065232
- FID TALENT Registered office · since 2022 0790702428
- ABC D'AIR Registered office · since 2021 0776873592
Connections & network
1 current directorThe network starts from the directors of IPR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-07
Gazette deed
Registered office moved from Evere to LasneNew seat: 1380 Lasne, Chaussée de Louvain 498/C6 · Previous seat: Av.du Cimetière de Brux.134 bte 12:1140 Evere · Resignation: THIELEMANS René (director and managing director)10 points ▸
- General meeting, 14-07-2025
- Registered-office move, 1380 Lasne,Chaussée de Louvain 498/C6
- Director resignation, THIELEMANS René (director and managing director)
- Other provision, “a été exercé à titre gratuit, administrateur” (deed in French)
- Board composition, THIELEMANS Chantal (director)
- Amendment of the articles
- Other provision, “option pour gouvernance par administrateur unique, administrateur unique” (deed in French)
- Director in office, THIELEMANS Chantal (director)
- Capital, €61,500
- Power of attorney
01-08
Gazette deed
1 director appointed, 2 directors resigning, 2 reappointedChange of role: THIELEMANS René Henri, from director to afgevaardigd bestuurder · Resignation: THIELEMANS Chantal Nelly Suzy Jeanne (director) · Reappointments: THIELEMANS René Henri (director) and THIELEMANS Chantal Nelly Suzy Jeanne (director)10 points ▸
- Director resignation, THIELEMANS René Henri (director)
- Director resignation, THIELEMANS Chantal Nelly Suzy Jeanne (director)
- Director reappointment, THIELEMANS René Henri (director (not named in the articles))
- Director reappointment, THIELEMANS Chantal Nelly Suzy Jeanne (director (not named in the articles))
- Registered office clause, “Evere (1140 Brussel),Kerkhof van Brussellaan 134 bus 12” (deed in Dutch)
- Board meeting, “eenparigheid van stemmen, aanstelling THIELEMANS René als afgevaardigd bestuurder” (deed in Dutch)
- Director appointment, THIELEMANS René Henri (afgevaardigd bestuurder)
- General meeting, 08-07-2022
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €61,500
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Av.du Cimetière de Brux.134 bte 12:, 1140 Evere until 01-08-2025 · act of 22-07-2025
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25076G0621/00A000 | Wallonia | 1.0 ha | 1 · 242 m² | 9.5 m · 2 |
| 21372C0044/00K002 | Brussels | 4,723 m² | 1 · 1,202 m² | 22.4 m · 7 |