IPRO

Active Private limited companyfounded 2003active for 23 yearsSint-Janstraat 10 A, 2800 MechelenKBO/BCE: BE 0860.773.446

IPRO

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Overview

Lifetime

20 annual accounts with figures on one time axis, 21 filings since 2005

Compare with

peak €197,524 (2023)

€153,366▼ 15.0%

lowest -€22,293 (2019)

€50,924▼ 25.1%

peak €893,812 (2026)

€893,812▲ 6.0%

€626,388▼ 12.7%

Board1 name since 2003

1 directorMARTEL Stefaan François

Documentsfilings and deeds

02-11-20262 days late

2026micro format

Gross margin from €180,436 to €153,366Result from €67,959 to €50,924Cash from €77,795 to €1,376

Key points

from the 2026 annual accounts

Equity

€893,812 ▲ 6.0%

IPRO has made a profit without a break since 2020.

Filings

21 annual accounts since 2005

Eight of the last ten came late. The 2023 accounts came latest: 69 days after the end of the period.

Position in the sector

€893,812

More equity than 94% of companies in office administrative support. Sector median €73,561 · 347 companies.

Checked score

Excellent

Financially stronger than 44% of micro companies in office administrative support (NACE 82)

Probability in this band: under 0.55%

Bankruptcy probability within 12 months 0.2% Very low

0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.3%▲ +0.1 percentage points vs 09-2025 11-2025: 0.5%▲ +0.2 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025highest value 01-2026: 0.1%▼ -0.4 percentage points vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.2%▲ +0.1 percentage points vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength

Strong

83+5equity 58.2% of total assets

43-5short-term debt 21.6% · cash 0.1%

72+1return on assets 3.3%

Score breakdown

raises risk

Liquidity: current ratio 0.30, cash €1,376, halved

lowers risk

Size: total assets €1.5m

Founded in 2003

Equity €893,812 (58.2% of total assets)

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 (NACE 82, micro). It does better than 58% of them on solvency, 27% on liquidity, 41% on profitability and 51% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-03-2026.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as IPRO has now. Each dot stands for 37 companies, two years later.

96.2%

were still trading

3.5%

stopped another way

0.2%

went 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 IPRO itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 IPRO. 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.

Credit verdict

Credit of up to €75,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.3 (0.31 in 2025), below 1. Short-term debt is 21.6% and cash 0.1% of total assets. 41.8% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.

lowers riskraises risk

Liquidity: current ratio 0.30, cash €1,376, halved

NBB · annual accounts

Size: total assets €1.5m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Founded in 2003

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Equity €893,812 (58.2% of total assets)

NBB · annual accounts

2026 accounts filed 2 days late

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 02-11-2026, 2 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2026

2 days late

2025

24 days late

2024

1 day early

2023

69 days late

2022

29 days late

2021

30 days late

2020

30 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 26 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 24 November (4 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

09-11-2026 today31-03-2027 year end31-10-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

MARTEL Stefaan François

Director, since 26-09-2003

Shares in 1 company, BOPRO SUSTAINABLE INVESTMENTS

Board & ownership

Recent changes

17-06-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0860773446

22-11-2023

Change of role: Stefaan François Marie Martel, from director, formerly manager to statutory director 100 shares · Gazette deed

30-09-2003

Incorporation published on 07-10-2003 · Gazette deed

26-09-2003

First establishment Attenrodestraat 51, Tielt-Winge

All 31 events

Comparable companies

same main activity, similar in size and age

Company
IPRO Mechelen	€1.5m	€153,366	58.2%	-
VERIPHARM Mol	€1.5m	€170,272	57.1%	-
VAN DER SYPT CONSULTING Lochristi	€1.7m	€166,719	96.9%	-
WILMOT Nazareth-De Pinte	€1.4m	€136,874	51.1%	-
MAPIVAN Wingene	€1.5m	€174,102	57.2%	-
BIOP BELGIUM Heusden-Zolder	€1.4m	€125,138	92.1%	-
HIRUNDO Ghent	€2.0m	€171,171	3.0%	0.8

These companies have the same main activity as IPRO: other business support services (NACE 82990). They are comparable in size and age: total assets between €1.4m and €2m, founded between 2000 and 2004.

Official details

Source: KBO

Status: Active since 30-09-2003Normal situation
Activity: Other business support servicesNACE 82990and 1 other
Establishment unit: 2.134.145.1043391 Tielt-Winge, since 26-09-2003
Financial year end: 31 March
Peppol: Reachable since 17-06-2025

Company details

Annual accounts to 31-03-2026

: €153,366▼ 15.0%
: ≈ €230,000estimated
: €50,924▼ 25.1%
: €893,812▲ 6.0%
: €1.5m▼ 2.6%
Filing: Filed on 02-11-2026

Financials

Insights on IPRO

IPRO files the micro format. That format states no turnover. The gross margin rose from €115,954 in 2007 to €153,366 in 2026.

The balance sheet grew most from 2017 to 2019 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

micro format, filed on 02-11-2026, 2 days late

€153,366

▼ 15.0%

€109,702

▼ 20.3%

€50,924

▼ 25.1%

-€231,090

▲ €22,102

58.2%

▲ 4.7 percentage points

0.30

▼ 0.01

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €230,000. Estimated: probably between €180,000 and €320,000.

Balance sheet

balance sheet total €1.5m on 31-03-2026

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

58.2%

Higher than 52% of 9,695 companies in 2025.

0.30

Higher than 9% of 9,313 companies in 2025.

3.3%

Higher than 36% of 9,437 companies in 2025.

IPRO Middle half of the sector 80% of the sector Micro accounts in office administrative support (NACE 82)

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	1.5m	1.6m	1.6m	1.7m	1.8m	1.6m	1.7m	1.7m	1.0m	1.0m	1.0m	997,324	977,584	1.0m	993,344	1.0m	1.0m	1.2m	802,073	813,174
`21/28`	1.4m	1.5m	1.5m	1.5m	1.6m	1.6m	1.6m	1.6m	888,107	903,003	920,588	928,292	944,705	960,285	968,139	865,492	736,517	1.1m	606,547	586,534
`22/27`	784,193	812,508	850,660	891,791	940,883	939,843	969,047	977,547	237,185	252,081	269,666	277,370	294,383	309,963	317,817	211,432	82,457	224,663	212,227	192,214
`22`	777,031	808,329	845,589	886,450	927,404	927,194	942,489	952,907	234,693	246,475	259,017	272,369	286,581	301,711	317,817	205,947	70,987	206,720	186,000	186,000
`24`	7,162	4,179	5,072	5,342	13,479	12,649	26,558	24,640	2,492	5,606	10,649	5,001	7,802	8,252	-	-	-	490	2,790	6,214
`28`	650,922	650,922	650,922	650,922	650,922	650,922	650,922	650,922	650,922	650,922	650,922	650,922	650,322	650,322	650,322	654,060	654,060	835,050	394,320	394,320
`29/58`	101,254	113,623	87,924	193,966	160,085	50,840	46,550	43,072	149,004	114,864	83,426	69,032	32,878	58,217	25,205	152,871	293,017	100,615	195,526	226,640
`40/41`	92,246	31,235	75,139	32,293	9,635	9,071	31,901	12,623	29,199	6,368	6,368	3,343	8,641	35,925	17,901	17,134	18,766	18,758	84,857	55,472
`40`	67,596	6,585	58,039	32,293	9,635	9,071	31,901	12,623	29,199	6,368	6,368	3,343	2,980	35,925	17,901	16,938	12,507	12,507	14,343	-
`41`	24,650	24,650	17,100	-	-	-	-	-	-	-	-	-	5,661	-	-	196	6,259	6,252	70,515	55,472
`50/53`	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	4,155	72,811	4,155	4,155
`54/58`	1,376	77,795	8,209	157,519	144,647	35,977	8,870	23,492	114,045	104,341	72,903	61,534	20,082	18,138	3,149	130,819	270,096	7,200	105,615	126,170
`490/1`	3,478	439	421	0	1,648	1,637	1,626	2,802	1,605	-	-	-	-	-	-	764	-	1,846	899	40,843
Balance sheet: equity and liabilities
`10/49`	1.5m	1.6m	1.6m	1.7m	1.8m	1.6m	1.7m	1.7m	1.0m	1.0m	1.0m	997,324	977,584	1.0m	993,344	1.0m	1.0m	1.2m	802,073	813,174
`10/15`	893,812	842,888	774,928	746,205	687,773	653,158	598,572	553,416	575,709	541,470	485,469	437,223	387,071	370,145	300,950	298,442	284,380	426,827	117,605	84,534
`10/11`	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	18,550	18,550
`100`	-	-	-	-	-	-	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	143,550	18,550	18,550
`12`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	180,990	-	-
`13`	406,176	355,251	287,292	258,569	200,136	203,652	207,169	207,216	204,092	201,086	182,471	167,237	152,004	155,520	140,286	140,791	127,243	69,216	65,984	65,984
`130/1`	14,355	14,355	14,355	14,355	14,355	14,355	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	14,355	14,355	14,355	14,355	14,355	14,355	14,355	14,355	14,355	14,355	5,087	5,087	1,855	1,855
`1311`	14,355	14,355	14,355	14,355	14,355	14,355	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	107,586	111,103	114,619	118,135	121,652	125,168	128,685	128,732	125,608	122,602	103,987	88,753	73,520	77,036	61,802	62,307	58,027	-	-	-
`133`	284,234	229,794	158,318	126,078	64,129	64,129	64,129	64,129	64,129	64,129	64,129	64,129	64,129	64,129	64,129	64,129	64,129	64,129	64,129	64,129
`14`	344,087	344,087	344,087	344,087	344,087	305,956	247,853	202,650	228,067	196,835	159,448	126,436	91,518	71,075	17,114	14,102	13,587	33,071	33,071	-
`16`	16,169	16,661	17,154	17,646	18,139	18,631	19,124	19,616	20,109	20,601	21,094	21,586	25,729	22,571	23,064	23,556	21,555	-	-	-
`160/5`	15,922	15,922	15,922	15,922	15,922	15,922	15,922	15,922	15,922	15,922	15,922	15,922	19,572	15,922	15,922	15,922	13,428	-	-	-
`160`	15,922	15,922	15,922	15,922	15,922	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	15,922	15,922	15,922	15,922	15,922	-	-	-	-	-	-	-	-	-	-
`168`	247	739	1,232	1,724	2,217	2,709	3,202	3,694	4,187	4,679	5,172	5,664	6,157	6,649	7,142	7,634	8,127	-	-	-
`17/49`	626,388	717,504	797,424	972,828	1.0m	969,815	1.0m	1.1m	441,293	455,795	497,451	538,515	564,784	625,786	669,330	696,365	723,599	733,501	684,468	728,640
`17`	289,309	345,050	399,609	453,016	526,289	598,405	669,378	719,240	93,269	103,203	112,720	126,621	153,718	179,282	234,743	293,602	353,925	415,070	365,516	412,919
`170/4`	289,309	345,050	399,609	453,016	506,289	558,405	609,378	659,240	93,269	103,203	112,720	126,621	153,718	179,282	234,743	293,602	353,925	415,070	365,516	412,919
`178/9`	-	-	-	0	20,000	40,000	60,000	60,000	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	332,345	366,815	393,290	514,487	515,165	366,615	374,611	374,396	343,115	348,068	379,754	406,884	401,225	440,234	432,062	399,637	365,007	317,232	317,753	315,722
`42`	54,606	53,467	54,453	53,272	52,116	51,893	50,743	49,599	10,742	9,517	14,643	27,808	26,245	56,080	58,873	59,606	60,363	61,493	45,690	50,336
`44`	11,029	6,205	2,480	404	819	5,436	875	733	3,662	3,282	4,057	10,865	4,309	43,154	42,249	68,117	41,182	1,004	317	3,218
`440/4`	11,029	6,205	2,480	404	819	5,436	875	733	3,662	3,282	4,057	10,865	4,309	43,154	42,249	68,117	41,182	1,004	317	3,218
`45`	13,839	33,088	27,592	55,612	50,106	32,556	25,331	15,336	17,697	14,266	27,558	27,871	24,182	44,696	25,702	15,487	8,514	29,218	22,197	4,784
`450/3`	10,798	33,088	27,592	55,612	50,106	32,556	25,331	15,336	17,697	14,266	27,558	27,871	24,182	44,696	25,702	15,487	8,514	29,218	22,197	4,784
`454/9`	3,041	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`47/48`	252,870	274,055	308,764	405,199	412,124	276,731	297,662	308,728	311,013	321,002	333,495	340,340	346,488	296,303	305,239	256,428	254,949	225,516	249,549	257,384
`492/3`	4,735	5,639	4,525	5,325	4,525	4,795	4,835	4,873	4,909	4,525	4,978	5,010	9,841	6,270	2,525	3,126	4,667	1,200	1,200	-
Income statement
`76A`	-	-	0	1,326	-	-	-	-	-	3,439	-	-	-	-	-	-	66,154	-	-	-
`9900`	153,366	180,436	138,718	197,524	148,093	168,116	161,243	86,487	106,930	130,158	123,227	124,859	95,500	162,172	93,231	97,529	62,215	66,905	101,941	115,954
`630`	40,317	39,473	42,838	49,092	46,298	49,784	51,690	55,182	14,897	17,585	23,276	18,649	20,331	21,607	24,370	15,911	12,888	8,284	11,510	8,089
`635/8`	-	-	-	-	-	-	-	-	-	-	-	-3,650	3,650	-	-	2,494	13,428	-	-	-
`640/8`	3,347	3,285	11,530	17,125	18,514	10,623	8,557	9,222	5,403	3,121	2,758	2,437	4,760	3,232	23,734	26,308	6,179	1,358	3,545	3,083
`9901`	109,702	137,677	84,350	131,307	83,281	107,709	100,997	22,082	86,631	109,452	97,193	107,424	66,759	137,333	45,127	52,816	29,720	57,263	86,886	104,782
`75/76B`	90	150	120	222	2,295	3	96	86	128	77	141	70	242	28	1,054	3,839	94	3,082	852	5,180
`75`	90	150	120	222	2,295	3	96	86	128	77	141	70	242	28	1,054	3,839	94	3,082	852	5,180
`65/66B`	25,422	31,646	24,161	27,904	25,823	24,623	40,037	38,840	32,548	36,079	33,656	39,690	38,959	41,573	39,925	42,705	49,297	54,020	35,517	47,061
`65`	25,422	31,646	24,161	27,904	25,823	24,623	40,037	38,840	32,548	36,079	33,656	39,690	38,959	41,573	39,925	42,705	49,297	54,020	35,517	47,061
`9903`	84,370	106,180	60,309	103,625	59,753	83,088	61,055	-16,672	54,210	73,450	63,679	67,803	28,042	95,788	6,256	13,950	46,670	6,325	52,221	62,901
`780`	492	492	492	492	492	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	33,938	38,714	32,079	45,685	25,631	28,995	16,391	6,113	20,464	17,941	15,925	18,144	11,609	27,086	4,240	380	-	3,093	19,151	24,878
`9904`	50,924	67,959	28,723	58,433	34,614	54,586	45,156	-22,293	34,238	56,001	48,246	50,152	16,926	69,195	2,508	14,062	38,544	3,232	33,071	38,023
`789`	3,516	3,516	3,516	3,516	3,516	3,516	3,516	3,516	22,266	5,303	3,516	3,516	3,516	3,516	3,516	3,516	-	-	-	-
`689`	-	-	-	-	-	-	3,469	6,641	25,272	23,919	18,750	18,750	-	18,750	3,012	7,796	58,027	-	-	-
`9905`	54,441	71,476	32,240	61,949	38,131	58,103	45,203	-25,417	31,232	37,386	33,012	34,918	20,443	53,961	3,012	9,783	-19,483	3,232	33,071	38,023
Appropriation of the result
`9906`	398,527	415,562	376,326	406,036	344,087	305,956	247,853	202,650	228,067	196,835	159,448	126,436	91,518	71,075	17,114	23,370	13,587	36,302	33,071	38,023
`14P`	344,087	344,087	344,087	344,087	305,956	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	54,441	71,476	32,240	61,949	-	-	-	-	-	-	-	-	-	-	-	9,268	-	3,232	-	38,023
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,268	-	3,232	-	-
`6921`	54,441	71,476	32,240	61,949	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,023
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for financial year 2005 were filed as a document without figures as data, a scan for example.

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 02-11-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2026 annual accounts filed 2 days after the deadline. Filed on 2 November 2026, deadline 31 October 2026 (7 months after the close on 31 March 2026, Companies Code art. 3:10). Source: NBB, 2026-00602810.

Financial year	Type	Filed	Reference	Document
31-03-2026	micro format	02-11-2026	2026-00602810	PDF
31-03-2025	micro format	24-11-2025	2025-00574484	PDF
31-03-2024	micro format	30-10-2024	2024-00530019	PDF
31-03-2023	micro format	08-01-2024	2024-00001905	PDF
31-03-2022	micro format	29-11-2022	2022-20530664	PDF
31-03-2021	micro format	30-11-2021	2021-79200203	PDF
31-03-2020	micro format	30-11-2020	2020-72900217	PDF
31-03-2019	micro format	17-12-2019	2019-76700343	PDF
31-03-2018	micro format	27-11-2018	2018-73300356	PDF
31-03-2017	micro format	30-10-2017	2017-68400099	PDF
31-03-2016	abbreviated format	29-11-2016	2016-68900213	PDF
31-03-2015	abbreviated format	23-10-2015	2015-65700214	PDF
31-03-2014	abbreviated format	30-09-2014	2014-61500021	PDF
31-03-2013	abbreviated format	29-11-2013	2013-67300366	PDF
31-03-2012	abbreviated format	22-11-2012	2012-64400514	PDF
31-03-2011	abbreviated format	08-11-2011	2011-60500082	PDF
31-03-2010	abbreviated format	29-10-2010	2010-60000232	PDF
31-03-2009	abbreviated format	26-11-2009	2009-87100143	PDF
31-03-2008	abbreviated format	17-12-2008	2008-85600079	PDF
28-02-2007	abbreviated format	25-10-2007	2007-77900309	PDF
31-03-2005	abbreviated format	25-11-2005	2005-86804125	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
150,019	177,151	127,188	180,399	129,579	157,493	152,687	77,264	101,527	127,037	120,470	126,072	87,090	158,940	69,497	68,727	42,608	65,547	98,396	112,871
91,241	107,433	71,561	107,525	80,912	104,370	96,846	32,889	49,135	73,586	71,522	68,801	37,257	90,802	26,878	29,974	51,432	11,516	44,581	46,112
12,001	1,321	2,307	0	47,338	20,580	43,190	795,545	0	0	15,573	2,235	4,751	13,753	130,755	144,887	56,682	280,460	31,523	191,324
-76,419	69,585	-149,309	12,872	108,670	27,108	-14,622	-90,554	9,704	31,438	11,369	41,452	1,944	14,988	-127,669	-139,278	262,896	-98,415	-20,555	-
-231,090	-253,192	-305,366	-320,521	-355,080	-315,776	-328,060	-331,324	-194,111	-233,204	-296,328	-337,852	-368,347	-382,016	-406,857	-246,766	-71,990	-216,617	-122,227	-89,082
58.2%	53.4%	48.8%	43.0%	39.3%	39.8%	35.9%	33.1%	55.5%	53.2%	48.4%	43.8%	39.6%	36.3%	30.3%	29.3%	27.6%	36.8%	14.7%	10.4%
0.30	0.31	0.22	0.38	0.31	0.14	0.12	0.12	0.43	0.33	0.22	0.17	0.08	0.13	0.06	0.38	0.80	0.32	0.62	0.72
0.70	0.85	1.03	1.30	1.52	1.48	1.75	1.98	0.77	0.84	1.02	1.23	1.46	1.69	2.22	2.33	2.54	1.72	5.82	8.62
5.7%	8.1%	3.7%	7.8%	5.0%	8.4%	7.5%	-4.0%	5.9%	10.3%	9.9%	11.5%	4.4%	18.7%	0.8%	4.7%	13.6%	0.8%	28.1%	45.0%
3.3%	4.3%	1.8%	3.4%	2.0%	3.3%	2.7%	-1.3%	3.3%	5.5%	4.8%	5.0%	1.7%	6.8%	0.3%	1.4%	3.7%	0.3%	4.1%	4.7%
5.90	5.60	5.26	6.47	5.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€12,001	€1,321	€1,707	-	€47,338
Financial fixed assets	-	-	€600	-	€0
	€40,317	€39,473	€42,838	€49,092	€46,298

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on IPRO

The operating result for 2026 is 20% lower than in 2025.

Debt's share of the balance-sheet total falls from 45.5% to 40.8%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2023

MARTEL Stefaan François

Statutory director

since 26-09-2003 term without a fixed end

earlier director, formerly manager, until 22-11-2023

also on the board of 2 other companies

listed in the 2026 annual accounts, filed on 02-11-2026

Signing authority: “De algemene vergadering kan op het moment van de opzegging de datum bepalen waarop het bestuursmandaat eindigt of een vertrekvergoeding…”
deed of 22-11-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

MARTEL Stefaan François
Statutory director

BoardEarliermandate already running before its first mention

Mandates as a list

MARTEL Stefaan François
- Statutory director, from 26-09-2003 to date
- Director, formerly manager, until 22-11-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €143,550
Source: 2026 annual accounts

Articles of association

deed of 22-11-2023 (in Dutch)

Duration: Unlimited
Annual meeting: Last Saturday of September at 11:00

Network & group

Holdings

own accounts to 31-03-2026, the bar shows equity in euros

This companyIPRO1 holding, 1 country accounts to 31-03-2026

Belgium 1 Equity Result

BE Bopro Sustainable Investments14.89% €20.7m result €197,543

Source: list of holdings in its own 31-03-2026 accounts. Every holding stands with its own latest accounts.

At the same address

Sint-Janstraat 10A, 2800 Mechelen · 1 other company

Martel, Cedric (sole trader)

establishment since 27-02-2024

founded in 2024

1006.455.172

Earlier ties

Blue Gate Antwerp Invest

via MARTEL Stefaan François, no longer at Blue Gate Antwerp Invest · Class A director · deed of 27-12-2019

No longer active

total assets €10.7m (2022)

Holdings and subsidiaries

1 holding

Share, source and own figures per holding (1)

BOPRO SUSTAINABLE INVESTMENTS
Equity €20.7m Profit of €197,543 in 2024 (profit of €1.9m in 2023)
Sourceown accounts 31-03-2026

14.89%

Holdings through the years 2009 to 2026

Holdings through the years
Name	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2025	2026
BOPRO SUSTAINABLE INVESTMENTS 2017 to 2026: 14.89%									14.89%
BOPRO_Project Managment 2009 to 2016: 14.89%	14.89%

Source: list of holdings in its own accounts

Connections & network

2 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet

Linked via shared directors

Bopro Sustainable Developments 21

via MARTEL Stefaan François · Class A director · deed of 24-09-2021

Founded in 2021 · turnover €782,673 (2025) · group BOPRO SUSTAINABLE INVESTMENTS

→

Bopro Portfolio Performance Management

via MARTEL Stefaan François · Director (not named in the articles) · deed of 01-02-2024

Founded in 2024 · 11 FTE (2024) · group BOPRO SUSTAINABLE INVESTMENTS

→

Timeline

31 events since 2003

Board

Capital

Filings

Financial

Establishments

200420062008201020122014201620182020202220242026

Deadline for the 2027 accounts: 31-10-2027

2026

02-11-2026

Annual accounts 2026 filed NBBmicro format · 2 days late

2025

24-11-2025

Annual accounts 2025 filed PDFmicro format · 24 days late

17-06-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0860773446

2024

30-10-2024

Annual accounts 2024 filed PDFmicro format · 1 day before the deadline

08-01-2024

Annual accounts 2023 filed PDFmicro format · 69 days late

2023

22-11-2023

Change of role: Stefaan François Marie Martel, from director, formerly manager to statutory director100 shares4 points ▸

Director resignation, Stefaan François Marie Martel (director, formerly manager)
Director appointment, Stefaan François Marie Martel (statutory director), mentioned twice in the deed
100 shares
Power of attorney, Eline Goovaerts
The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2022

29-11-2022

Annual accounts 2022 filed PDFmicro format · 29 days late

2021

30-11-2021

Annual accounts 2021 filed PDFmicro format · 30 days late

2020

30-11-2020

Annual accounts 2020 filed PDFmicro format · 30 days late

31-03-2020

Back to profit net €45,156 The net result is €45,156, after one loss-making year.

2019

17-12-2019

Annual accounts 2019 filed PDFmicro format · 47 days late

31-03-2019

Weakest financial year net -€22,293 The net result drops to -€22,293, the lowest from 2007 to 2026. It recovers the following year.

2018

27-11-2018

Annual accounts 2018 filed PDFmicro format · 27 days late

2017

30-10-2017

Annual accounts 2017 filed PDFmicro format · 1 day before the deadline

31-03-2017

Equity above €500,000 equity €541,470 ▲11.5% Equity rises from €485,469 to €541,470.

2016

29-11-2016

Annual accounts 2016 filed PDFabbreviated format · 29 days late

2015

23-10-2015

Annual accounts 2015 filed PDFabbreviated format · 8 days before the deadline

2014

30-09-2014

Annual accounts 2014 filed PDFabbreviated format · 31 days before the deadline

2013

29-11-2013

Annual accounts 2013 filed PDFabbreviated format · 29 days late

31-03-2013

Highest result from 2007 to 2026 net €69,195 ▲2,659% The net result of €69,195 is the highest of those years.

2012

22-11-2012

Annual accounts 2012 filed PDFabbreviated format · 22 days late

2011

08-11-2011

Annual accounts 2011 filed PDFabbreviated format · 8 days late

2010

29-10-2010

Annual accounts 2010 filed PDFabbreviated format · 2 days before the deadline

2009

26-11-2009

Annual accounts 2009 filed PDFabbreviated format · 26 days late

31-03-2009

Equity above €200,000 equity €426,827 ▲263% With a profit in every financial year since 2007, equity grows to €426,827.

2008

17-12-2008

Annual accounts 2008 filed PDFabbreviated format · 47 days late

31-03-2008

Equity above €100,000 equity €117,605 ▲39.1% With a profit in every financial year since 2007, equity grows to €117,605.

2007

25-10-2007

Annual accounts 2007 filed PDFabbreviated format · 25 days late

2005

25-11-2005

Annual accounts 2005 filed PDFabbreviated format

2003

30-09-2003

Incorporation PDFpublished on 07-10-2003

26-09-2003

First establishment Attenrodestraat 51, Tielt-Winge

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

IPRO was incorporated on 30 September 2003.¹ Total assets went from €1.7m in 2019 to €1.5m in 2026.²

Company details

Identity

Enterprise number: 0860.773.446
VAT number: BE 0860.773.446
Peppol ID: 0208:0860773446
Other Peppol ID: 9925:BE0860773446
Legal form: Private limited company
Status: Active, normal situation
Founded: 30-09-2003
Financial year: ends on 31 March
Annual meeting: Last Saturday of September at 11:00
deed of 22-11-2023 (in Dutch)
Peppol: Reachable since 17-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: IPRO in Dutch
Entity type: Legal entity
Duration: Unlimited
deed of 22-11-2023 (in Dutch)
Registered office clause: “Vlaams Gewest”
“Sint-Janstraat 10 A bus 3, 2800 Mechelen”
deed of 22-11-2023 (in Dutch)

Activities

NACEBEL 2025

82990 Other business support services main activity

71121 Engineering and related technical consultancy, excluding land surveyors

Codes under NACEBEL 2008

82990 Other business support services main activity

71121 Engineering activities

Codes under NACEBEL 2003

74879 main activity

74203

Purpose: “Het verstrekken van advies en consulting,zowel op het gebied van administratie,organisatie,financiën,juridische zaken en alle aanverwante…”
28 activities
Het verstrekken van advies en consulting,zowel op het gebied van administratie,organisatie,financiën,juridische zaken en alle aanverwante vraagstukken.
Alle studies en verrichtingen met betrekking tot alle onroerende goederen en rechten en tot alle roerende goederen en rechten welke daaruit voortvloeien,zoals de aankoop,de bouw,de verbouwing,de aanpassing,de huur en onderhuur,daarin begrepen leasing,de rechtstreekse uitbating of in regie,de ruil,de verkoop,de renting,het toestaan van recht van opstal of erfpacht en in het algemeen,alle handelingen en verrichtingen,die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken,voor zichzelf of voor anderen,van alle bebouwde of onbebouwde onroerende eigendommen.
Ontwerp,engineering,coördinatie en/of installatie van algemene aannemingen van bouw- en betonwerken.
Vastgoedmakelaar.
Het verlenen van dienstprestaties van economische aard.Het beheer van roerend en onroerend patrimonium.
Onderneming gespecialiseerd in de verhuur,financiering en leasing van roerende en onroerende goederen.Leasingmaatschappij.
Het verwerven onder eender welke vorm van participaties.Zij kan deze participaties beheren,te gelde maken,valoriseren.Zij kan deelnemen aan het bestuur en toezicht van ondernemingen waarin zij al dan niet participeert.Holdingmaatschappij.
Het aanleggen,oordeelkundig uitbouwen en beheren van een onroerend en roerend vermogen.Zij mag in dit verband alle verrichtingen van aankoop,bouw,verandering,inrichting,verhuring,onderhuur,ruil,expertise,beheer,valorisatie en verkoop van alle onroerende goederen uitvoeren.Patrimoniumvennootschap.
Het waarnemen van alle bestuursopdrachten,het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks met haar voorwerp verband houden.
Alle wissel-,commissie- en makelaarstransacties.Zij mag zich voor alle derden borg stellen of aval verlenen,voorschotten toestaan,hypothecaire en/of andere waarborgen verstrekken.
De vennootschap mag het bestuur en de vereffening waarnemen in alle verbonden vennootschappen,met dewelke een of andere band van deelneming bestaat en mag alle leningen,van gelijk welke vorm en voor gelijk welke duur,aan deze laatste toestaan,borgstellingen verstrekken voor deze vennootschappen.Zij mag bij wijze van inbreng in speciën of in natura,van fusie,inschrijving,deelneming,financiële tussenkomst of op een andere wijze,een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven,in België of in het buitenland.
Het optrekken van gebouwen(ruwbouw en onder dak zetten),evenals de bekisting en het ijzervlechtwerk.Metsel- en betonwerken.
Algemene bouwwerkzaamheden,dit wil zeggen alle bedrijvigheden welke betrekking hebben op de gehele of gedeeltelijke uitvoering van voltooiingswerken of op de coördinatie van deze laatste wanneer zij door onderaannemers worden uitgevoerd.
Voegwerken.
Dakwerken en isolatie van gebouwen.Dit omvat onder meer:het bedekken van gebouwen met onder meer dakpannen,stro,natuurlijke- en kunstleien,stalen platen en platen in cement;het waterdicht maken en bedekken van gebouwen met asfalt en teer;het droogmaken van gebouwen,anders dan met teer en asfalt;Thermische- en geluidsisolatie;
Vloerbedekking en muurbekleding.Dit omvat het leggen van tegelvloeren,mozaïek en alle andere bedekkingen van muren en vloeren.
Stukadoorswerken.Dit omvat plafonneer-,cementeer- en alle andere pleisterwerken,het plaatsen van chapes en gipswerken.
Timmer- en schrijnwerk en metalen schrijnwerk.Dit omvat onder meer:het timmer- en schrijnwerk voor gebouwen;het plaatsen van sloten en ijzerwaren voor gebouwen;het plaatsen van plastiekdeuren en plinten;het plaatsen van houten vensterluiken en van luiken in plastiek;het leggen van parketvloeren en alle andere houten bedekkingen van muren en vloeren;het plaatsen van schutsels en valse zolderingen in hout;het plaatsen van ijzerwerk,metalen vensterluiken en metalen schrijnwerk,evenals het plaatsen van roosters,intrekbare en rollende deuren en van buitenrolluiken;het bedekken van muren en zolderingen door het aanbrengen van metalen elementen;
Glaswerken.Dit omvat onder meer het plaatsen van ruiten,glas,spiegelglas,gekleurde ramen en van alle doorschijnend en doorzichtig materieel,het bouwen van wanden en bedekkingen in doorschijnend beton.
Schilder- en behangwerk.Dit omvat alle schilderwerk,het kalken van gebouwen en het bestrijken van kalk,het behangen en stofferen,het plaatsen van vloerbekledingen en van alle andere synthetische bedekkingen van muren en vloeren,onder meer in plastiek.
Centrale verwarming,sanitair en lood- en zinkwerk.
Elektriciteitswerken.
Aan- en verkoop van alle bouwmaterialen en/of goederen die ermee verband houden.
Fabricatie van decoratiegoederen en meubelen.
Ontwerpen en uitvoeren van binnenhuisinrichtingen en architectuur.
Grond- en afbraakwerken,slopingswerken.
Het plaatsen van houten deuren en laminaatvloeren.
Diverse werkzaamheden omvat alle niet elders bedoelde werkzaamheden,die niet bijkomstig zijn aan of voortvloeien uit een elders bedoelde hoofdwerkzaamheid.
deed of 22-11-2023 (in Dutch)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Sint-Janstraat 10 A registered office 2800 Mechelen
Attenrodestraat 51 3391 Tielt-Winge	26-09-2003	2.134.145.104

Buildings and parcels at the addresses

Ground area: 6,018 m²
Buildings: 510 m²
Volume, LiDAR: 5,507 m³
Tallest building: 15.7 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

Parcels

Cadastral parcel	Area	Buildings	Height / floors
12025B0151/00S000 ProtectedTownscape or village viewGoswin de Stassartstraat en aanpalende stratenSource ↗	4,863 m²	1 · 330 m²	15.7 m · 5
24067C0453/00P000	1,155 m²	1 · 179 m²	9.4 m · 2

1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.

Overview

Lifetime

Key points

Equity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts to 31-03-2026

Insights on IPRO

Financials

Annual accounts 2026

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency58.2%

Current ratio0.30

Return on assets3.3%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on IPRO

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

Holdings

Belgium 1 Equity Result

At the same address

Earlier ties

Holdings and subsidiaries

Holdings 1

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the addresses

Location

Parcels

in euro

in euro

58.2%

0.30

3.3%