Summary
IPSILA has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €13.4m and a net result of €55,519. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 79% of 3221 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
8 d early
2024
29 d late
2023
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€55,519▼ 87.3%
2024 · €437,931
Working capital
€4.7m▲ 2.0%
2024 · €4.6m
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
Line202320242025
Operating result-€63,305-€44,128€57,987▲ 31.4%
Net result€400,280-€437,931▲ 9.4%€55,519▼ 87.3%
Equity€12.9m-€13.3m▲ 3.4%€13.4m▲ 0.4%
Total assets€16.2m-€16.7m▲ 2.7%€15.7m▼ 5.6%
Debt€3.3m-€3.4m▲ 0.2%€2.4m▼ 29.4%
Working capital€7.0m-€4.6m▼ 33.4%€4.7m▲ 2.0%
Why a figure moved sharply
- 2025 Net result -87% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.7m
Fixed assets
€9.1m =
Current assets
€6.6m ▼ 12.4%
Equity and liabilities €15.7m
Equity
€13.4m ▲ 0.4%
Debt
€2.4m ▼ 29.4%
Debt's share of the balance-sheet total falls from 20.1% to 15.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.4%▼
2024 · 3.3%
ROA
0.4%▼
2024 · 2.6%
Debt ≤ 1 year
€1.9m▼
2024 · €2.9m
Income taxes
€21,359▼
2024 · €49,747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €30,246 | €1,455 | €9,169 | ▲ 530% |
| Gross operating margin9900 | -€33,059 | €45,583 | €67,157 | ▲ 47.3% |
| Operating profit (loss)9901 | -€63,305 | €44,128 | €57,987 | ▲ 31.4% |
| Financial income75/76B | €855,526 | €684,334 | €182,769 | ▼ 73.3% |
| Recurring financial income75 | €855,526 | €684,334 | €182,769 | ▼ 73.3% |
| Financial charges65/66B | €338,411 | €240,783 | €163,878 | ▼ 31.9% |
| Recurring financial charges65 | €338,411 | €240,783 | €163,878 | ▼ 31.9% |
| Profit (loss) for the period before taxes9903 | €453,810 | €487,678 | €76,878 | ▼ 84.2% |
| Income taxes67/77 | €53,530 | €49,747 | €21,359 | ▼ 57.1% |
| Profit (loss) for the period9904 | €400,280 | €437,931 | €55,519 | ▼ 87.3% |
| Profit (loss) for the period to be appropriated9905 | €400,280 | €437,931 | €55,519 | ▼ 87.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16.2m | €16.7m | €15.7m | ▼ 5.6% |
| Fixed assets21/28 | €9.1m | €9.1m | €9.1m | = |
| Financial fixed assets28 | €9.1m | €9.1m | €9.1m | = |
| Current assets29/58 | €7.1m | €7.5m | €6.6m | ▼ 12.4% |
| Amounts receivable after more than one year29 | €725,954 | €725,954 | €725,954 | = |
| Trade receivables290 | €25,000 | €25,000 | - | - |
| Other amounts receivable291 | €700,954 | €700,954 | €725,954 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €61,640 | €33,880 | €89,293 | ▲ 164% |
| Trade receivables40 | €38,500 | €33,880 | €23,293 | ▼ 31.3% |
| Other amounts receivable41 | €23,140 | €0 | €66,000 | - |
| Current investments50/53 | €5.1m | €6.1m | €5.2m | ▼ 14.9% |
| Cash at bank and in hand54/58 | €811,786 | €280,924 | €186,942 | ▼ 33.5% |
| Deferred charges and accrued income490/1 | €405,079 | €420,284 | €435,453 | ▲ 3.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16.2m | €16.7m | €15.7m | ▼ 5.6% |
| Equity10/15 | €12.9m | €13.3m | €13.4m | ▲ 0.4% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | = |
| Capital10 | €1.6m | €1.6m | €1.6m | = |
| Issued capital100 | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €559,154 | €997,086 | €1.1m | ▲ 5.6% |
| Non-distributable reserves130/1 | €158,900 | €158,900 | €158,900 | = |
| Legal reserve130 | €158,900 | €158,900 | €158,900 | = |
| Distributable reserves133 | €400,254 | €838,186 | €893,705 | ▲ 6.6% |
| Profit (loss) carried forward14 | €10.7m | €10.7m | €10.7m | = |
| Amounts payable17/49 | €3.3m | €3.4m | €2.4m | ▼ 29.4% |
| Amounts payable after more than one year17 | €2.9m | €0 | - | - |
| Financial debts170/4 | €2.9m | €0 | - | - |
| Amounts payable within one year42/48 | €101,701 | €2.9m | €1.9m | ▼ 35.5% |
| Trade debts44 | €4,942 | €3,871 | €260 | ▼ 93.3% |
| Suppliers440/4 | €4,942 | €3,871 | €260 | ▼ 93.3% |
| Taxes, remuneration and social security45 | €77,012 | €37,371 | €37,690 | ▲ 0.9% |
| Taxes450/3 | €77,012 | €37,371 | €37,690 | ▲ 0.9% |
| Other amounts payable47/48 | €19,747 | €2.8m | €1.8m | ▼ 35.9% |
| Accrued charges and deferred income492/3 | €348,809 | €473,666 | €510,712 | ▲ 7.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €400,280 | €437,931 | €55,519 | ▼ 87.3% |
| Operating cash flow (approximation) | €400,280 | €437,931 | €55,519 | ▼ 87.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€530,862 | -€93,982 | ▲ 82.3% |
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
Next filing, fiscal year 2026, expected by
2026
17-09
State Gazette act
Registered-office move · Power of attorney6 facts ▸
State Gazette act
Registered-office move · Power of attorney
6 facts ▸
- Registered-office move, Hagelandkaai 1 bus 401, 9000 Gent
- Power of attorney, Moore Finance & Tax BV
- Power of attorney, Tanja De Naeyer
- Power of attorney, Dominique Jaminet
- Power of attorney, Marie Decloedt
- Power of attorney, Charlotte Billiet
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €55,519 ▼87.3%
Net result drops to €55,519, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2023net €437,931 ▲9.4%
Net result €437,931, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2023
Ground area
386 m²
Parcel 44804D3708/00A000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IPSILA
since 20232.354.889.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D3708/00A000 | Flanders | 386 m² | - | - |
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.
Structure & network
Owners and holdings
2 holdings · 4 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
99.99%
-
25%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
ANSA 99.99%3 subsidiaries
Group Ter Wyndt 52.77%2 subsidiaries
- TER WYNDT 100%
- WINGE GOLF 99.98%
According to the 2025 annual accounts of IPSILA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 5,523 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:1003881902
Also
9925:BE1003881902
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.