IPS 25
Open bankruptcyA bankruptcy procedure is open for IPS 25 according to publications in the Belgian State Gazette; curator: ALAIN HENDERICKX.
Summary
The 2017 annual accounts show equity of €85k and a net result of €2k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2017, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▼ 95.7%
2016 · €43k
Working capital
€79k▲ 35.1%
2016 · €58k
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
Line201520162017
Operating result€30k-€65k▲ 119%€32k▼ 50.3%
Net result€19k-€43k▲ 120%€2k▼ 95.7%
Equity€20k-€63k▲ 210%€85k▲ 34.5%
Total assets€70k-€215k▲ 209%€310k▲ 44.1%
Debt€49k-€152k▲ 209%€225k▲ 48.1%
Working capital€14k-€58k▲ 310%€79k▲ 35.1%
Staff (FTE)3
Result per fiscal year
Operating resultNet result
The operating result falls in 2017; 2017 is 50% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €310k
Fixed assets
€7k ▲ 35.7%
Current assets
€303k ▲ 44.3%
Equity and liabilities €310k
Equity
€85k ▲ 34.5%
Debt
€225k ▲ 48.1%
Debt's share of the balance-sheet total rises from 70.5% to 72.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▼
2016 · €67k
Cash flow
€2k▼
2016 · €45k
Current ratio
1.35▼
2016 · 1.38
ROE
2.2%▼
2016 · 67.7%
ROA
0.6%▼
2016 · 20.0%
Debt ≤ 1 year
€224k▲
2016 · €152k
Income taxes
€-212▼
2016 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €393 | ▼ 76.5% |
| Gross operating margin9900 | €32k | €67k | €265k | ▲ 293% |
| Operating profit (loss)9901 | €30k | €65k | €32k | ▼ 50.3% |
| Recurring financial income75 | - | €500 | €0 | ▼ 100.0% |
| Recurring financial charges65 | €2k | €4k | €31k | ▲ 697% |
| Profit (loss) for the period before taxes9903 | €28k | €62k | €2k | ▼ 97.4% |
| Income taxes67/77 | €9k | €19k | €-212 | ▼ 101% |
| Profit (loss) for the period9904 | €19k | €43k | €2k | ▼ 95.7% |
| Profit (loss) for the period to be appropriated9905 | €19k | €43k | €2k | ▼ 95.7% |
| Line | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €70k | €215k | €310k | ▲ 44.1% |
| Fixed assets21/28 | €6k | €5k | €7k | ▲ 35.7% |
| Tangible fixed assets22/27 | €2k | €350 | €618 | ▲ 76.5% |
| Financial fixed assets28 | €5k | €5k | €6k | ▲ 32.7% |
| Current assets29/58 | €63k | €210k | €303k | ▲ 44.3% |
| Amounts receivable within one year40/41 | €63k | €209k | €297k | ▲ 41.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €70k | €215k | €310k | ▲ 44.1% |
| Equity10/15 | €20k | €63k | €85k | ▲ 34.5% |
| Contributions10/11 | €1k | €1k | €21k | ▲ 2,000% |
| Reserves13 | €7k | €18k | €18k | ▲ 1.4% |
| Profit (loss) carried forward14 | €13k | €45k | €46k | ▲ 3.6% |
| Amounts payable17/49 | €49k | €152k | €225k | ▲ 48.1% |
| Amounts payable within one year42/48 | €49k | €152k | €224k | ▲ 47.8% |
| Trade debts44 | €30k | €110k | €145k | ▲ 31.3% |
| Line | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €43k | €2k | ▼ 95.7% |
| + Depreciation and write-downs630 | €2k | €2k | €393 | ▼ 76.5% |
| Operating cash flow (approximation) | €21k | €45k | €2k | ▼ 95.0% |
| Investment in fixed assets (approximation) | - | €-525 | €-2k | ▼ 323% |
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
2019
18-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 09-09-2019
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 91 days late
2017
31-12
Financial
Weakest financial yearnet €2k ▼95.7%
Net result drops to €2k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-12
Financial
Highest result since 2015net €43k ▲120%
Operating result €65k, net result €43k, both a record.
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
SignalFinancial 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, Ukkel · 1 establishment unit since 2015
Ground area
2,238 m²
Building footprint
362 m²
Volume, LiDAR
2,719 m³
Parcel 21612D0103/00Z009, Brussels · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
98
companies at this address
See who is registered here
1 establishment unit
IPS 25
since 20152.237.822.959
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0103/00Z009 | Brussels | 2,238 m² | 1 · 362 m² | 14.1 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN HENDERICKX RUE DE STASSART 48 BL C/6,
1050 BRUXELLES 5 |
09-09-2019 → present |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 6,236 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 (pre-2019)
Founded27-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43240Other construction installation
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.