IPSTER
ActiveSummary
IPSTER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €145k and a net result of €91k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 82% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+9
Solvency100▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 8.39 against 2.45 in 2023; short-term debt: 10.5% and cash: 54.3% of total assets), and 15.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.3%
Return on assets
53%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
33 d early
2022
31 d early
2021
2 d early
2020
3 d late
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€145k▲ 22.6%
2023 · €118k
2018: €33klowest in 7 years
2019: €68k▲ +103% vs 2018
2020: €115k▲ +70.3% vs 2019
2021: €130k▲ +12.8% vs 2020
2022: €136k▲ +4.6% vs 2021
2023: €118k▼ -13.4% vs 2022
2024: €145k▲ +22.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€172k▼ 17.9%
2023 · €209k
2018: €71klowest in 7 years
2019: €100k▲ +42.1% vs 2018
2020: €155k▲ +54.1% vs 2019
2021: €201k▲ +30.1% vs 2020
2022: €182k▼ -9.6% vs 2021
2023: €209k▲ +14.8% vs 2022highest in 7 years
2024: €172k▼ -17.9% vs 2023
2018 → 2024
Net result
€91k▲ 141%
2023 · €38k
2018: €27klowest in 7 years
2019: €34k▲ +25.9% vs 2018
2020: €48k▲ +38.9% vs 2019
2021: €50k▲ +4.5% vs 2020
2022: €56k▲ +12.3% vs 2021
2023: €38k▼ -32.5% vs 2022
2024: €91k▲ +141% vs 2023highest in 7 years
2018 → 2024
Working capital
€134k▲ 26.4%
2023 · €106k
2018: €32klowest in 7 years
2019: €66k▲ +104% vs 2018
2020: €116k▲ +75.0% vs 2019
2021: €122k▲ +5.4% vs 2020
2022: €122k● -0.0% vs 2021
2023: €106k▼ -13.1% vs 2022
2024: €134k▲ +26.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€115k-€130k▲ 12.8%€136k▲ 4.6%€118k▼ 13.4%€145k▲ 22.6%
2020: €115klowest in 5 years
2021: €130k▲ +12.8% vs 2020
2022: €136k▲ +4.6% vs 2021
2023: €118k▼ -13.4% vs 2022
2024: €145k▲ +22.6% vs 2023highest in 5 years
Operating result€61k-€61k▲ 0.2%€71k▲ 16.1%€50k▼ 29.3%€119k▲ 137%
2020: €61k
2021: €61k▲ +0.2% vs 2020
2022: €71k▲ +16.1% vs 2021
2023: €50k▼ -29.3% vs 2022lowest in 5 years
2024: €119k▲ +137% vs 2023highest in 5 years
Net result€48k-€50k▲ 4.5%€56k▲ 12.3%€38k▼ 32.5%€91k▲ 141%
2020: €48k
2021: €50k▲ +4.5% vs 2020
2022: €56k▲ +12.3% vs 2021
2023: €38k▼ -32.5% vs 2022lowest in 5 years
2024: €91k▲ +141% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 137% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €172k
Fixed assets
€20k ▼ 34.6%
Current assets
€152k ▼ 15.0%
Equity and liabilities €172k
Equity
€145k ▲ 22.6%
Debt
€27k ▼ 70.4%
Debt's share of the balance-sheet total falls from 43.5% to 15.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€130k▲
2023 · €61k
Cash flow
€101k▲
2023 · €48k
Current ratio
8.39▲
2023 · 2.45
Debt to equity
0.19▼
2023 · 0.77
ROE
62.9%▲
2023 · 32.0%
ROA
53.0%▲
2023 · 18.1%
Interest coverage
44.66▲
2023 · 26.02
Debt ≤ 1 year
€18k▼
2023 · €73k
Debt > 1 year
€7k▼
2023 · €17k
Income taxes
€26k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€209k€172k▼
Fixed assets21/28€30k€20k▼
Tangible fixed assets22/27€30k€20k▼
Furniture and vehicles24€4k€3k▼
Leasing and similar rights25€26k€17k▼
Current assets29/58€179k€152k▼
Amounts receivable within one year40/41€58k€58k▲
Trade receivables40€50k€56k▲
Other amounts receivable41€7k€2k▼
Cash at bank and in hand54/58€121k€93k▼
Deferred charges and accrued income490/1€417€879▲
Equity and liabilities
Total equity and liabilities10/49€209k€172k▼
Equity10/15€118k€145k▲
Contributions10/11€19k€19k=
Reserves13€99k€126k▲
Distributable reserves133€99k€126k▲
Profit (loss) carried forward14€834€276▼
Amounts payable17/49€91k€27k▼
Amounts payable after more than one year17€17k€7k▼
Financial debts170/4€17k€7k▼
Amounts payable within one year42/48€73k€18k▼
Current portion of amounts payable after more than one year42€9k€10k▲
Trade debts44€346€130▼
Suppliers440/4€346€130▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€55k€1k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€2k€2k▼
Gross operating margin9900€63k€132k▲
Operating profit (loss)9901€50k€119k▲
Financial income75/76B€102€0▼
Recurring financial income75€102€0▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€48k€117k▲
Income taxes67/77€10k€26k▲
Profit (loss) for the period9904€38k€91k▲
Profit (loss) for the period to be appropriated9905€38k€91k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€92k▲
Profit (loss) brought forward from the previous period14P€42€834▲
Transfer from equity791/2€56k€64k▲
Transfer to equity691/2€37k€92k▲
To other reserves6921€37k€92k▲
Profit to be distributed694/7€56k€64k▲
Return on contributions (dividend)694€56k€64k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €9k | €10k | €10k | = |
| Other operating charges640/8 | - | €1k | €2k | €2k | €2k | ▼ 1.3% |
| Gross operating margin9900 | €64k | €65k | €82k | €63k | €132k | ▲ 110% |
| Operating profit (loss)9901 | €61k | €61k | €71k | €50k | €119k | ▲ 137% |
| Financial income75/76B | - | €2k | €88 | €102 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €904 | €88 | €102 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | €1k | - | - | - | - |
| Financial charges65/66B | - | €342 | €823 | €2k | €3k | ▲ 24.5% |
| Recurring financial charges65 | €458 | €342 | €823 | €2k | €3k | ▲ 24.5% |
| Profit (loss) for the period before taxes9903 | €61k | €63k | €70k | €48k | €117k | ▲ 142% |
| Income taxes67/77 | €13k | €13k | €14k | €10k | €26k | ▲ 148% |
| Profit (loss) for the period9904 | €48k | €50k | €56k | €38k | €91k | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €48k | €50k | €56k | €38k | €91k | ▲ 141% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155k | €201k | €182k | €209k | €172k | ▼ 17.9% |
| Fixed assets21/28 | - | €45k | €41k | €30k | €20k | ▼ 34.6% |
| Tangible fixed assets22/27 | - | €45k | €41k | €30k | €20k | ▼ 34.6% |
| Furniture and vehicles24 | - | - | €5k | €4k | €3k | ▼ 25.4% |
| Leasing and similar rights25 | - | €45k | €36k | €26k | €17k | ▼ 36.0% |
| Current assets29/58 | €155k | €156k | €141k | €179k | €152k | ▼ 15.0% |
| Amounts receivable after more than one year29 | - | €64k | €14k | - | - | - |
| Trade receivables290 | - | €64k | €14k | - | - | - |
| Amounts receivable within one year40/41 | €13k | €17k | €18k | €58k | €58k | ▲ 0.3% |
| Trade receivables40 | - | €13k | €13k | €50k | €56k | ▲ 10.9% |
| Other amounts receivable41 | - | €4k | €4k | €7k | €2k | ▼ 73.6% |
| Cash at bank and in hand54/58 | €140k | €76k | €110k | €121k | €93k | ▼ 22.8% |
| Deferred charges and accrued income490/1 | - | €233 | €465 | €417 | €879 | ▲ 111% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155k | €201k | €182k | €209k | €172k | ▼ 17.9% |
| Equity10/15 | €115k | €130k | €136k | €118k | €145k | ▲ 22.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €109k | €112k | €118k | €99k | €126k | ▲ 27.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €110k | €116k | €99k | €126k | ▲ 27.6% |
| Profit (loss) carried forward14 | €236 | €83 | €42 | €834 | €276 | ▼ 66.9% |
| Amounts payable17/49 | €39k | €71k | €46k | €91k | €27k | ▼ 70.4% |
| Amounts payable after more than one year17 | - | €36k | €26k | €17k | €7k | ▼ 56.9% |
| Financial debts170/4 | - | €36k | €26k | €17k | €7k | ▼ 56.9% |
| Amounts payable within one year42/48 | €39k | €35k | €20k | €73k | €18k | ▼ 75.2% |
| Current portion of amounts payable after more than one year42 | - | €9k | €9k | €9k | €10k | ▲ 1.1% |
| Trade debts44 | €17k | €14k | €460 | €346 | €130 | ▼ 62.5% |
| Suppliers440/4 | - | €14k | €460 | €346 | €130 | ▼ 62.5% |
| Taxes, remuneration and social security45 | - | €10k | €5k | €8k | €7k | ▼ 5.3% |
| Taxes450/3 | - | €10k | €5k | €8k | €7k | ▼ 5.3% |
| Other amounts payable47/48 | - | €2k | €5k | €55k | €1k | ▼ 97.9% |
| Accrued charges and deferred income492/3 | - | €1k | - | €1k | €2k | ▲ 32.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €50k | €56k | €38k | €91k | ▲ 141% |
| + Depreciation and write-downs630 | €2k | €2k | €9k | €10k | €10k | = |
| Operating cash flow (approximation) | €50k | €52k | €65k | €48k | €101k | ▲ 110% |
| Investment in fixed assets (approximation) | - | - | €-5k | €0 | €0 | - |
| Change in cash | - | €-64k | €34k | €11k | €-27k | ▼ 351% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €91k ▲141%
Operating result €119k, net result €91k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 8.39
Current ratio from 2.45 to 8.39; short-term debt falls from €73k to €18k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
31-12
Financial
Equity above €100kEq €115k ▲70.3%
3 profitable years in a row build equity to €115k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial 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, Antwerpen · 1 establishment unit since 2018
Ground area
209 m²
Building footprint
86 m²
Volume, LiDAR
801 m³
Parcel 11809I2091/00H003, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tentoonstellingslaan 60, 2020 Antwerpen
since 20182.271.890.250
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2091/00H003 | Flanders | 209 m² | 1 · 86 m² | 10.3 m · 3 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.
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Of 2,762 companies in sector 69109 we hold annual accounts for 1,208. 928 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
Founded16-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
Scores and ratios are computed by Checked and are not a credit decision.