Summary
Ipsumm is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €344,808 and a net result of €47,686. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 72% of 9,727 sector peers (NACE 64, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€344,808▲ 5.6%
2024 · €326,534
Net result
€47,686▼ 61.2%
2024 · €123,041
Total assets
€460,705▲ 10.9%
2024 · €415,246
Solvency
74.8%▼ 3.8pp
2024 · 78.6%
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result falls in 2025; 2025 is 55% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€72,239
2025
Net result€47,686
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€460,705
2025
Equity€344,808
2025
Debt€115,897
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€249,277
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)10.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency74.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.52
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€64,029-€98,280▲ 53.5%€128,318▲ 30.6%€149,101▲ 16.2%€161,079▲ 8.0%€72,239▼ 55.2%
Net result€46,558within the sector's middle half-€74,328within the sector's middle half▲ 59.6%€96,407above the sector's middle half▲ 29.7%€112,035above the sector's middle half▲ 16.2%€123,041above the sector's middle half▲ 9.8%€47,686within the sector's middle half▼ 61.2%
Equity€58,958below the sector's middle half-€133,286below the sector's middle half▲ 126%€229,693within the sector's middle half▲ 72.3%€291,728within the sector's middle half▲ 27.0%€326,534within the sector's middle half▲ 11.9%€344,808within the sector's middle half▲ 5.6%
Total assets€128,483below the sector's middle half-€197,757below the sector's middle half▲ 53.9%€311,732within the sector's middle half▲ 57.6%€419,875within the sector's middle half▲ 34.7%€415,246within the sector's middle half▼ 1.1%€460,705within the sector's middle half▲ 10.9%
Debt€69,525-€64,470▼ 7.3%€82,039▲ 27.3%€128,147▲ 56.2%€88,712▼ 30.8%€115,897▲ 30.6%
Working capital€28,762within the sector's middle half-€108,416within the sector's middle half▲ 277%€201,414above the sector's middle half▲ 85.8%€245,233above the sector's middle half▲ 21.8%€285,857above the sector's middle half▲ 16.6%€249,277above the sector's middle half▼ 12.8%
Solvency45.9%within the sector's middle half-67.4%within the sector's middle half▲ 21.5pp73.7%within the sector's middle half▲ 6.3pp69.5%within the sector's middle half▼ 4.2pp78.6%within the sector's middle half▲ 9.2pp74.8%within the sector's middle half▼ 3.8pp
Current ratio1.86within the sector's middle half-3.43above the sector's middle half▲ 1.584.58above the sector's middle half▲ 1.155.12above the sector's middle half▲ 0.547.98above the sector's middle half▲ 2.863.52within the sector's middle half▼ 4.46
Return on assets (ROA)36.2%above the sector's middle half-37.6%above the sector's middle half▲ 1.3pp30.9%above the sector's middle half▼ 6.7pp26.7%above the sector's middle half▼ 4.2pp29.6%above the sector's middle half▲ 2.9pp10.4%within the sector's middle half▼ 19.3pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €460,705
Fixed assets
€112,673 ▲ 27.4%
Current assets
€348,032 ▲ 6.5%
Equity and liabilities €460,705
Equity
€344,808 ▲ 5.6%
Debt
€115,897 ▲ 30.6%
Debt's share of the balance-sheet total rises from 21.4% to 25.2%. Equity and debt are higher.
Key figures and ratios
ROE
13.8%▼
2024 · 37.7%
Debt ≤ 1 year
€98,755▲
2024 · €40,930
Debt > 1 year
€17,139▼
2024 · €42,714
Income taxes
€20,538▼
2024 · €34,833
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €19,005 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,950 | €24,557 | €26,280 | €22,622 | €26,684 | €27,296 | ▲ 2.3% |
| Other operating charges640/8 | - | - | €102 | €109 | €74 | €160 | ▲ 116% |
| Gross operating margin9900 | €99,979 | €123,038 | €154,700 | €171,832 | €187,837 | €99,695 | ▼ 46.9% |
| Operating profit (loss)9901 | €64,029 | €98,280 | €128,318 | €149,101 | €161,079 | €72,239 | ▼ 55.2% |
| Financial income75/76B | - | - | - | - | €247 | €140 | ▼ 43.5% |
| Recurring financial income75 | - | - | - | - | €247 | €140 | ▼ 43.5% |
| Financial charges65/66B | - | - | €791 | €1,657 | €3,452 | €4,154 | ▲ 20.4% |
| Recurring financial charges65 | €1,224 | €773 | €791 | €1,657 | €3,452 | €4,154 | ▲ 20.4% |
| Profit (loss) for the period before taxes9903 | €62,805 | €97,507 | €127,526 | €147,444 | €157,874 | €68,224 | ▼ 56.8% |
| Income taxes67/77 | €16,247 | €23,179 | €31,119 | €35,410 | €34,833 | €20,538 | ▼ 41.0% |
| Profit (loss) for the period9904 | €46,558 | €74,328 | €96,407 | €112,035 | €123,041 | €47,686 | ▼ 61.2% |
| Profit (loss) for the period to be appropriated9905 | €46,558 | €74,328 | €96,407 | €112,035 | €123,041 | €47,686 | ▼ 61.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €128,483 | €197,757 | €311,732 | €419,875 | €415,246 | €460,705 | ▲ 10.9% |
| Fixed assets21/28 | €66,147 | €44,758 | €54,111 | €115,144 | €88,460 | €112,673 | ▲ 27.4% |
| Tangible fixed assets22/27 | €66,147 | €44,758 | €54,111 | €115,144 | €88,460 | €112,673 | ▲ 27.4% |
| Land and buildings22 | - | - | €42,360 | €38,261 | €32,582 | €26,903 | ▼ 17.4% |
| Plant, machinery and equipment23 | - | - | €1,522 | €466 | - | €2,187 | - |
| Furniture and vehicles24 | - | - | €10,229 | €76,417 | €55,878 | €83,583 | ▲ 49.6% |
| Current assets29/58 | €62,336 | €152,999 | €257,621 | €304,731 | €326,786 | €348,032 | ▲ 6.5% |
| Amounts receivable within one year40/41 | €30,439 | €35,991 | €127,306 | €144,450 | €145,588 | €152,272 | ▲ 4.6% |
| Trade receivables40 | - | - | €50,223 | €38,554 | €38,492 | €24,187 | ▼ 37.2% |
| Other amounts receivable41 | - | - | €77,083 | €105,897 | €107,096 | €128,085 | ▲ 19.6% |
| Current investments50/53 | - | - | €16,000 | €60,000 | €120,000 | €173,833 | ▲ 44.9% |
| Cash at bank and in hand54/58 | €29,631 | €114,446 | €112,301 | €94,659 | €55,479 | €13,455 | ▼ 75.7% |
| Deferred charges and accrued income490/1 | - | - | €2,014 | €5,622 | €5,720 | €8,472 | ▲ 48.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €128,483 | €197,757 | €311,732 | €419,875 | €415,246 | €460,705 | ▲ 10.9% |
| Equity10/15 | €58,958 | €133,286 | €229,693 | €291,728 | €326,534 | €344,808 | ▲ 5.6% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €49,546 | ▲ 27× |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | €49,546 | ▲ 27× |
| Profit (loss) carried forward14 | €44,698 | €119,026 | €215,433 | €277,468 | €312,274 | €282,862 | ▼ 9.4% |
| Amounts payable17/49 | €69,525 | €64,470 | €82,039 | €128,147 | €88,712 | €115,897 | ▲ 30.6% |
| Amounts payable after more than one year17 | €35,950 | €17,699 | €22,522 | €67,345 | €42,714 | €17,139 | ▼ 59.9% |
| Financial debts170/4 | - | - | €22,522 | €67,345 | €42,714 | €17,139 | ▼ 59.9% |
| Amounts payable within one year42/48 | €33,574 | €44,583 | €56,207 | €59,498 | €40,930 | €98,755 | ▲ 141% |
| Current portion of amounts payable after more than one year42 | - | - | €22,279 | €25,270 | €24,631 | €42,498 | ▲ 72.5% |
| Trade debts44 | €3,290 | €2,274 | €4,305 | €8,524 | €1,850 | €50,040 | ▲ 27× |
| Suppliers440/4 | - | - | €4,305 | €8,524 | €1,850 | €50,040 | ▲ 27× |
| Taxes, remuneration and social security45 | - | - | €29,623 | €25,705 | €14,448 | €6,218 | ▼ 57.0% |
| Taxes450/3 | - | - | €29,623 | €25,705 | €14,448 | €6,218 | ▼ 57.0% |
| Accrued charges and deferred income492/3 | - | - | €3,310 | €1,303 | €5,069 | €3 | ▼ 100.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,558 | €74,328 | €96,407 | €112,035 | €123,041 | €47,686 | ▼ 61.2% |
| + Depreciation and write-downs630 | €35,950 | €24,557 | €26,280 | €22,622 | €26,684 | €27,296 | ▲ 2.3% |
| Operating cash flow (approximation) | €82,508 | €98,885 | €122,687 | €134,657 | €149,725 | €74,982 | ▼ 49.9% |
| Investment in fixed assets (approximation) | - | -€3,168 | -€35,634 | -€83,654 | €0 | -€51,509 | - |
| Change in cash | - | €84,815 | -€2,144 | -€17,642 | -€39,180 | -€42,024 | ▼ 7.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 28-01-2026 | 2026-00015817 |
| 30-06-2024 | micro format | 17-12-2024 | 2024-00617505 |
| 30-06-2023 | micro format | 18-12-2023 | 2023-00529704 |
| 30-06-2022 | micro format | 22-12-2022 | 2022-20543338 |
| 30-06-2021 | abbreviated format | 04-01-2022 | 2022-00200123 |
| 30-06-2020 | abbreviated format | 11-01-2021 | 2021-00600477 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 13,929 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.