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Complete company report
Generated 03-08-2026
Active BE 0461.113.056Private limited company (pre-2019)

IPSO FACTO

Boondaalse Steenweg 463 ·1050 Elsene, Belgium· 29 yrs active
Sector: Head offices & management consulting (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of IPSO FACTO is 0.4% (very low). The 2023 annual accounts show equity of €112k and a net result of €-14k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 21% of 10063 sector peers (fiscal year 2023). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €112k
Net result €-14k
Better than sector 21%
Active 29 yrs
Snowflake analysis 5 axes · computed by Checked
Health60Profitability0Solvency60Growth58Stability100
56 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 60
Profitability 0
Solvency 60
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1997, 29 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
60 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 29-08-2024 with the NBB · fiscal year 2023 · micro
€-100k€-50k€0€50kOperating result 2019: €30k€30kNet result 2019: €-86k€-86kOperating result 2020: €10k€10kNet result 2020: €-75k€-75kOperating result 2021: €-31k€-31kNet result 2021: €-24k€-24kOperating result 2022: €-279€-279Net result 2022: €-2k€-2kOperating result 2023: €-13k€-13kNet result 2023: €-14k€-14k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~6.2%/year over 6 fiscal years, indicative, assuming unchanged policy.
€60k€80k€100k€120k€140k€160k2024: €108k (€99k - €116k)2025: €101k (€88k - €114k)2026: €95k (€77k - €112k)2018: €141k2019: €154k2020: €151k2021: €127k2022: €125k2023: €112k201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 24.0% 58.6%
better than 21% of 10063 sector peers
Net result €-14k €28k
better than 6% of 10057 sector peers
Equity €112k €52k
better than 73% of 10070 sector peers
Gross operating margin €31k €46k
better than 39% of 10043 sector peers
Total assets €465k €106k
better than 88% of 10063 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€30k
-30.4% -92% vs sector
Net profit
€-14k
-690.2% far below sector median
Cash flow
€30k
-29.0% -88% vs sector
Total assets
€465k
-6.6% -63% vs sector
Equity
€112k
-10.8% -86% vs sector
Working capital
€36k
+77.0% -96% vs sector
Income taxes
€288
+10.6% -100% vs sector
Debt
€316k
-3.8% -12% vs sector
Debt ≤ 1y
€34k
-13.1% -85% vs sector
Debt > 1y
€282k
-2.6% -98% vs sector
Current ratio
2.05
+35.2% -62% vs sector
Quick ratio
2.05
+35.2% -62% vs sector
Solvency
24.0%
-4.5% -68% vs sector
Debt / equity
2.83
+7.8% far above sector median
ROE
-12.1%
-786.1% far below sector median
ROA
-2.9%
-746.1% far below sector median
Interest coverage
4.21
-23.4% -94% vs sector
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA€30k
Net profit€-14k
Cash flow€30k
Staff costs-
Income taxes-
Dividends-
Total assets€465k
Equity€112k
Debt€316k
of which ≤ 1y€34k
of which > 1y€282k
Working capital€36k
Employees (FTE)-
Ratios (computed)
2023
Current ratio2.05
Quick ratio2.05
Working capital ratio7.7%
Solvency24.0%
Debt / equity2.83
Long-term debt ratio2.52
Interest coverage4.21
Gross margin-
Net margin-
ROA-2.9%
ROE-12.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€465k
Fixed assets 21/28€395k
Tangible fixed assets 22/27€395k
Financial fixed assets 28€84
Current assets 29/58€70k
Amounts receivable within one year 40/41€65k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€465k
Equity 10/15€112k
Contributions / capital 10/11€39k
Reserves 13€148k
Accumulated profits (losses) 14€-75k
Provisions & deferred taxes 16€37k
Amounts payable 17/49€316k
Amounts payable after one year 17€282k
Amounts payable within one year 42/48€34k
Trade debts payable within one year 44€544
Income statement
Gross operating margin 9900€31k
Operating result 9901€-13k
Financial charges 65€7k
Result before taxes 9903€-20k
Net result for the period 9904€-14k
Result to be appropriated 9905€-506
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Head offices & management consulting(70200)
Legal form Private limited company (pre-2019)(015)
Incorporation22-07-1997
StatusActive
Postal code1050
Establishment units 1 location
Postweg 151, 1602 Sint-Pieters-Leeuw
Groothandel in vaat- en glaswerk
since 19972.082.796.074
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21445C0263/00N000 Brussels 601 m² 1 · 208 m² 17.4 m · 5 fl.
23089D0112/00H000 Flanders 469 m² 1 · 174 m² 8.7 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
29-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
30-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
03-03-2023
State Gazette act Director changes
2022
22-11-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
30-06-2022
State Gazette act Director changes
2021
29-10-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
24-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
18-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
14-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
14-09-2018
NBB filing Annual accounts filed
fiscal year 2016 · micro
14-09-2018
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
27-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 3 years ago
2023
03-03-2023 1 director appointed, 1 resigning Director changes
  • Denis Maigraij, Bestuurder
  • Roseline Leuckx, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Roseline Leuckx",
        "address": null,
        "birth_date": null,
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        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2021-12-31",
      "evidence_quote": "De buitengewone algemene vergadering van 17 februari 2023 neemt unaniem kennis van het ontslag van mevrouw Roseline Leuckx vanaf 31 december 2021.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_date",
        "value": "2021-12-31"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Denis Maigraij",
        "address": null,
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      },
      "reason": null,
      "subkind": "regular",
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De bestuurder Denis Maigraij",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-03-03",
    "filing_date": "2023-02-23",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-02-17",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0461.113.056",
    "name_full": "IPSO FACTO",
    "legal_form": "BESLOTEN VENNOOTSCHA\u0420"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2022
30-06-2022 Denis Maigraij appointed as director Director changes
  • Denis Maigraij, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": "NN 67.10.30-335.48",
        "name": "Denis Maigraij",
        "address": "Emile de Becolaan, 81 Bus 4 te 1050 Brussels",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2020-12-11",
      "evidence_quote": "Met eenparigheid van stemmen en na gedachtewisselingen, de algemene vergadering benoemt de Heer Denis Maigraij (NN 67.10.30-335.48) gedomicilieerd Emile de Becolaan, 81 Bus 4 te 1050 Brussels als bestuurder vanaf 11 december 2020.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "rep_rotation",
      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": null,
        "name": "Fr\u00E9d\u00E9ric Gobbe",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De voorzitter duidt aan als secretaris: De Heer Fr\u00E9d\u00E9ric Gobbe",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2022-06-22",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2020-12-11",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0461.113.056",
    "name_full": "IPSO FACTO",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142
Primary activity highlighted.
Names & trade names
Legal nameNL IPSO FACTO
Registered office
Boondaalse Steenweg 463 bus 13
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative