IPSEOS
ActiveIPSEOS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €-3k. Equity is shrinking by ~14.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 30% of 4407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency1▼-1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.41 in 2024), and 98% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2%
Return on assets
-0.9%
Age of the figures
14 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€3k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-03-2026, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
52 d late
2024
26 d late
2023
19 d late
2022
27 d late
2021
4 d late
2020
26 d late
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close06-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k▲ 94.8%
2024 · €-64k
2020: €13k
2021: €28k
2022: €3k
2023: €9k
2024: €-64k
2020 → 2025
Working capital
€-186k▲ 17.6%
2024 · €-225k
2020: €257k
2021: €269k
2022: €51k
2023: €-204k
2024: €-225k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€66k▲ 4.9%€75k▲ 13.2%€11k▼ 85.9%€7k▼ 31.5%
Operating result€-28k-€24k€25k▲ 4.2%€-76k€-8k▲ 88.9%
Net result€28k-€3k▼ 88.9%€9k▲ 182%€-64k€-3k▲ 94.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €76k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370k
Fixed assets
€193k▼ 18.2%
Current assets
€177k▲ 13.1%
Equity and liabilities €370k
Equity
€7k▼ 31.5%
Debt
€363k▼ 5.0%
The debt ratio rises from 97.3% to 98.0%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€34k▲
2024 · €-33k
Cash flow
€40k▲
2024 · €-21k
Solvency
2.0%▼
2024 · 2.7%
Current ratio
0.49▲
2024 · 0.41
Quick ratio
0.49▲
2024 · 0.41
Debt / equity
50.21▲
2024 · 36.19
ROE
-46.1%▲
2024 · -610.9%
ROA
-0.9%▲
2024 · -16.4%
Interest coverage
3.01▲
2024 · -2.62
Debt
€363k▼
2024 · €382k
Debt ≤ 1 year
€363k▼
2024 · €382k
Income taxes
€170▼
2024 · €3k
Staff costs
€75k▼
2024 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets20/58€392k€370k▼
Fixed assets21/28€236k€193k▼
Intangible fixed assets21€236k€193k▼
Current assets29/58€157k€177k▲
Amounts receivable within one year40/41€27k€46k▲
Investments50/53€20k€50k▲
Cash & bank54/58€110k€81k▼
Total equity & liabilities10/49€392k€370k▼
Equity10/15€11k€7k▼
Contributions / capital10/11€31k€31k=
Reserves13€4k€4k=
Accumulated profits (losses)14€-25k€-28k▼
Amounts payable17/49€382k€363k▼
Amounts payable within one year42/48€382k€363k▼
Trade debts payable within one year44€290k€244k▼
Income statement
Code20242025
Gross operating margin9900€46k€110k▲
Operating result9901€-76k€-8k▲
Financial income75€27k€17k▼
Financial charges65€13k€11k▼
Result before taxes9903€-61k€-3k▲
Income taxes67/77€3k€170▼
Net result for the period9904€-64k€-3k▲
Result to be appropriated9905€-64k€-3k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
30-06
Financial
Weakest financial yearnet €-64k ▼836%
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 27 days late
2022
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
30-06
Financial
Highest result since 2020net €28k ▲114%
Net result €28k, the highest in the series.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
22-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
MÌNGMÉN
BE 1018.433.781
Ravels · Eq €7k
Eticom
BE 1006.037.082
Nivelles · Eq €7k
La Doyenne Coaching
BE 1007.704.195
Gingelom · Eq €7k
AERO - DECO
BE 0437.284.215
Braine-le-Château · Eq €7k
V.P.O.
BE 0449.403.968
Elsene · Eq €7k
Of 6,999 companies in sector 96999 we hold annual accounts for 578. 285 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-08-1992
Fiscal year end30-06
Activities, NACEBEL
61100Wired, wireless and satellite telecommunications
61300Telecommunications
93053
96999Other personal services
46711Wholesale of cars and light vans (up to 3.5 tonnes)
50101
61200Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 06-08-2026. Scores and ratios are computed by Checked and are not a credit decision.