IPRATEC
Judicial reorganisationSummary
The file of IPRATEC contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €2.0m and a net result of €278,004. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 3,015 sector peers (NACE 64, financial year 2025).
Financials · financial year 2025, full format
In the rankings
#3 company by equity in Saint-Ghislain, Finance and insurance sector#4 company by total assets in Saint-Ghislain, Finance and insurance sector#10 oldest company in Saint-Ghislain, Finance and insurance sector
Equity
€2.0m▲ 59.2%
2024 · €1.2m
Net result
€278,004▲ 878%
2024 · €28,431
Total assets
€4.4m▲ 3.9%
2024 · €4.2m
Solvency
44.7%▲ 15.5pp
2024 · 29.2%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3.1 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€3.4m
2025
Operating result€0.4m
2025
Net result€0.3m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.4m
2025
Equity€2.0m
2025
Debt€2.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.6m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)6.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency44.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.67
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.2m-€3.0m▲ 144%€2.9m▼ 0.8%€2.4m▼ 17.5%€2.3m▼ 5.1%€3.0m▲ 28.4%€2.7m▼ 7.5%€3.4m▲ 22.5%
Operating result€0.2m-€0.5m▲ 101%€0.3m▼ 26.3%€0.3m▼ 2.2%€0.1m▼ 70.6%€0.08m▼ 21.1%€0.1m▲ 44.8%€0.4m▲ 210%
Net result€0.2m-€0.4m▲ 77.2%€0.3mwithin the sector's middle half▼ 30.4%€0.3mwithin the sector's middle half▲ 2.9%€0.06mwithin the sector's middle half▼ 79.6%€0.02mwithin the sector's middle half▼ 64.3%€0.03mwithin the sector's middle half▲ 29.5%€0.3mwithin the sector's middle half▲ 878%
Equity-€3.5m--€3.1m▲ 11.9%-€1.1mbelow the sector's middle half▲ 65.4%€0.5mbelow the sector's middle half€1.2mwithin the sector's middle half▲ 152%€1.2mwithin the sector's middle half▲ 1.9%€1.2mwithin the sector's middle half▲ 2.4%€2.0mwithin the sector's middle half▲ 59.2%
Total assets€0.4m-€0.7m▲ 77.8%€2.8mwithin the sector's middle half▲ 299%€3.6mwithin the sector's middle half▲ 29.5%€3.7mwithin the sector's middle half▲ 2.5%€4.9mwithin the sector's middle half▲ 33.0%€4.2mwithin the sector's middle half▼ 14.1%€4.4mwithin the sector's middle half▲ 3.9%
Debt€3.9m-€3.8m▼ 3.0%€3.9m▲ 1.0%€3.1m▼ 19.0%€2.5m▼ 19.9%€3.7m▲ 47.7%€3.0m▼ 19.4%€2.4m▼ 18.9%
Working capital€0.3m-€0.7m▲ 165%€1.7mwithin the sector's middle half▲ 151%€1.9mabove the sector's middle half▲ 10.0%€2.0mwithin the sector's middle half▲ 4.6%€1.0mwithin the sector's middle half▼ 50.2%€0.3mwithin the sector's middle half▼ 65.6%€0.6mwithin the sector's middle half▲ 85.4%
Solvency-906.4%--449.1%▲ 457.3pp-39.0%below the sector's middle half▲ 410.1pp13.0%below the sector's middle half▲ 52.0pp32.0%within the sector's middle half▲ 19.0pp24.5%below the sector's middle half▼ 7.5pp29.2%within the sector's middle half▲ 4.7pp44.7%within the sector's middle half▲ 15.5pp
Current ratio2.87-34.59▲ 31.7138.09above the sector's middle half▲ 3.5132.77above the sector's middle half▼ 5.3251.14above the sector's middle half▲ 18.385.65above the sector's middle half▼ 45.492.34within the sector's middle half▼ 3.313.67above the sector's middle half▲ 1.32
Return on assets (ROA)60.8%-60.6%▼ 0.2pp10.6%above the sector's middle half▼ 50.0pp8.4%within the sector's middle half▼ 2.2pp1.7%within the sector's middle half▼ 6.7pp0.4%within the sector's middle half▼ 1.2pp0.7%within the sector's middle half▲ 0.2pp6.4%within the sector's middle half▲ 5.7pp
Staff (FTE)0.81below the sector's middle half▲ 25.0%1below the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2025 Equity +59% on 2024. Capital increase of €450,000 (Official Gazette 13-08-2025).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€3.5m ▼ 2.9%
Current assets
€850,859 ▲ 46.1%
Equity and liabilities €4.4m
Equity
€2.0m ▲ 59.2%
Debt
€2.4m ▼ 18.9%
Debt's share of the balance-sheet total falls from 70.8% to 55.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
14.2%▲
2024 · 2.3%
Debt ≤ 1 year
€232,003▼
2024 · €248,471
Debt > 1 year
€2.2m▼
2024 · €2.7m
Staff costs
€93,835▼
2024 · €94,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.5m | €2.4m | €3.2m | €3.1m | €3.7m | ▲ 19.9% |
| Turnover70 | €1.2m | €3.0m | €2.9m | €2.4m | €2.3m | €3.0m | €2.7m | €3.4m | ▲ 22.5% |
| Other operating income74 | - | - | - | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | ▼ 2.6% |
| Operating charges60/66A | - | - | - | €2.2m | €2.3m | €3.1m | €2.9m | €3.3m | ▲ 12.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €2.0m | €2.1m | €2.6m | €2.4m | €2.8m | ▲ 17.2% |
| Purchases600/8 | - | - | - | €2.0m | €2.1m | €2.6m | €2.4m | €2.8m | ▲ 17.2% |
| Services and other goods61 | - | - | - | €0.05m | €0.06m | €0.2m | €0.2m | €0.1m | ▼ 26.9% |
| Remuneration, social security and pensions62 | - | - | - | €0.07m | €0.08m | €0.09m | €0.09m | €0.09m | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €0.09m | €0.01m | €0.01m | €0.1m | €0.1m | €0.1m | ▲ 8.7% |
| Other operating charges640/8 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 2.7% |
| Operating profit (loss)9901 | €0.2m | €0.5m | €0.3m | €0.3m | €0.1m | €0.08m | €0.1m | €0.4m | ▲ 210% |
| Financial income75/76B | - | - | - | - | - | €358 | €0 | - | - |
| Recurring financial income75 | €0.006m | €0.007m | €0 | - | - | €358 | €0 | - | - |
| Other financial income752/9 | - | - | - | - | - | €358 | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.05m | €0.04m | €0.06m | €0.09m | €0.07m | ▼ 13.7% |
| Recurring financial charges65 | €0.002m | €0.05m | €0.05m | €0.05m | €0.04m | €0.06m | €0.09m | €0.07m | ▼ 13.7% |
| Debt charges650 | €0.002m | €0.05m | €0.05m | €0.05m | €0.04m | €0.05m | €0.08m | €0.07m | ▼ 14.3% |
| Other financial charges652/9 | - | - | - | €0.003m | €0.002m | €0.005m | €0.002m | €0.003m | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.4m | €0.3m | €0.3m | €0.06m | €0.02m | €0.03m | €0.3m | ▲ 882% |
| Income taxes67/77 | -€0.002m | - | - | -€0.02m | - | €107 | -€107 | - | - |
| Taxes670/3 | - | - | - | - | - | €107 | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.02m | - | - | €107 | - | - |
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.3m | €0.3m | €0.06m | €0.02m | €0.03m | €0.3m | ▲ 878% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.4m | €0.3m | €0.3m | €0.06m | €0.02m | €0.03m | €0.3m | ▲ 878% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.7m | €2.8m | €3.6m | €3.7m | €4.9m | €4.2m | €4.4m | ▲ 3.9% |
| Fixed assets21/28 | - | €363 | €1.0m | €1.7m | €1.7m | €3.7m | €3.6m | €3.5m | ▼ 2.9% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €0.02m | - |
| Tangible fixed assets22/27 | - | - | €1.0m | €1.0m | €1.0m | €3.1m | €3.0m | €2.9m | ▼ 4.1% |
| Land and buildings22 | - | - | - | €1.0m | €1.0m | €3.1m | €3.0m | €2.9m | ▼ 4.1% |
| Financial fixed assets28 | - | €363 | €0.005m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Affiliated companies280/1 | - | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Participating interests280 | - | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Other financial fixed assets284/8 | - | - | - | €0.7m | €363 | €363 | €0.005m | €0.005m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.7m | €363 | €363 | €0.005m | €0.005m | = |
| Current assets29/58 | €0.4m | €0.7m | €1.7m | €1.9m | €2.0m | €1.2m | €0.6m | €0.9m | ▲ 46.1% |
| Amounts receivable within one year40/41 | €0.4m | €0.5m | €0.9m | €1.2m | €1.2m | €1.1m | €0.5m | €0.8m | ▲ 46.1% |
| Trade receivables40 | - | - | - | €1.1m | €1.2m | €1.1m | €0.4m | €0.8m | ▲ 76.5% |
| Other amounts receivable41 | - | - | - | €0.08m | €0.02m | - | €0.09m | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.2m | €0.9m | €0.8m | €0.8m | €0.1m | €0.06m | €0.09m | ▲ 46.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.7m | €2.8m | €3.6m | €3.7m | €4.9m | €4.2m | €4.4m | ▲ 3.9% |
| Equity10/15 | -€3.5m | -€3.1m | -€1.1m | €0.5m | €1.2m | €1.2m | €1.2m | €2.0m | ▲ 59.2% |
| Contributions10/11 | €0.8m | €0.8m | €2.5m | €3.8m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Capital10 | - | - | - | €3.8m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Issued capital100 | - | - | - | €3.8m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€4.4m | -€4.0m | -€3.7m | -€3.4m | -€3.3m | -€3.3m | -€3.3m | -€2.5m | ▲ 22.2% |
| Amounts payable17/49 | €3.9m | €3.8m | €3.9m | €3.1m | €2.5m | €3.7m | €3.0m | €2.4m | ▼ 18.9% |
| Amounts payable after more than one year17 | €3.8m | €3.8m | €3.8m | €3.1m | €2.5m | €3.5m | €2.7m | €2.2m | ▼ 20.5% |
| Financial debts170/4 | - | - | - | - | - | €1.4m | €1.2m | €1.1m | ▼ 12.8% |
| Credit institutions173 | - | - | - | - | - | €1.4m | €1.2m | €1.1m | ▼ 12.8% |
| Other amounts payable178/9 | - | - | - | €3.1m | €2.5m | €2.1m | €1.5m | €1.1m | ▼ 27.0% |
| Amounts payable within one year42/48 | €0.1m | €0.02m | €0.05m | €0.06m | €0.04m | €0.2m | €0.2m | €0.2m | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.1m | €0.2m | €0.2m | ▼ 0.5% |
| Trade debts44 | €0.1m | €0.001m | €0.03m | €0.02m | €0.03m | €0.04m | €0.06m | €0.03m | ▼ 49.6% |
| Suppliers440/4 | - | - | - | €0.02m | €0.03m | €0.04m | €0.06m | €0.03m | ▼ 49.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.01m | €0.04m | €0.02m | €0.03m | ▲ 95.3% |
| Taxes450/3 | - | - | - | €0.02m | €448 | €0.03m | €0.001m | €0.02m | ▲ 14× |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | ▼ 15.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.01m | €0.01m | €0.007m | €0.02m | ▲ 174% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.3m | €0.3m | €0.06m | €0.02m | €0.03m | €0.3m | ▲ 878% |
| + Depreciation and write-downs630 | - | - | €0.09m | €0.01m | €0.01m | €0.1m | €0.1m | €0.1m | ▲ 8.7% |
| Operating cash flow (approximation) | €0.2m | €0.4m | €0.4m | €0.3m | €0.08m | €0.2m | €0.1m | €0.4m | ▲ 175% |
| Investment in fixed assets (approximation) | - | - | -€1.1m | -€0.7m | -€0.04m | -€2.2m | -€0.03m | -€0.03m | ▲ 7.4% |
| Change in cash | - | €0.2m | €0.7m | -€0.1m | €0.05m | -€0.7m | -€0.07m | €0.03m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 11-07-2026 | 2026-00296279 |
| 31-12-2024 | full format | 05-07-2025 | 2025-00245436 |
| 31-12-2023 | full format | 15-06-2024 | 2024-00139123 |
| 31-12-2022 | full format | 10-06-2023 | 2023-00123193 |
| 31-12-2021 | full format | 21-06-2022 | 2022-20082224 |
| 31-12-2020 | full format | 10-06-2021 | 2021-18700323 |
| 31-12-2019 | full format | 07-07-2020 | 2020-27300546 |
| 31-12-2018 | full format | 18-06-2019 | 2019-19700021 |
| 31-12-2017 | full format | 06-06-2018 | 2018-16100407 |
| 31-12-2016 | full format | 28-07-2017 | 2017-37500103 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 10,994 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.