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IPSYS

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 199036 yrs activeRue de la Gironde 13, 4287 Lincent, BelgiumKBO/BCE: BE 0439.904.797
Summary

The computed 12-month bankruptcy probability of IPSYS is 1.7% (moderate). The 2025 annual accounts show negative equity (-€34,585) and a net result of €44,186. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 8521 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
IPSYSActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Advertising agencies
NACE 73110Raising of horses and other equines NACE 01430NACE 74401
#3 oldest company in Lincent, Professional and technical services sector2 sites
Size
€220,868turnover 2025
Staff
1 FTE
Equity
-€34,585
Profit
€44,186
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
1.7%
Structure
Accounts 35 d early0 of 3 deeds read
Why 55- Liquidity: current ratio 0.14, cash €97, halved- 2 of the last 3 late+ Founded in 1990+ Size: turnover €220,868, total assets €484,064Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 37% of its sector peers (NACE 73, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 18+8
equity -7.1% of total assets
Liquidity 19+7
short-term debt 60.4% · cash 0.0%
Profitability 78+10
return on assets 9.1%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,215 companies)
Last 24 months 11-2024: 5.6% 12-2024: 6.3%▲ +14.2% vs 11-2024 01-2025: 8.9%▲ +40.1% vs 12-2024 02-2025: 8.9%● 0.0% vs 01-2025 03-2025: 8.9%▲ +0.4% vs 02-2025 04-2025: 8.1%▼ -9.1% vs 03-2025 05-2025: 8.1%● 0.0% vs 04-2025 06-2025: 8.1%● 0.0% vs 05-2025 07-2025: 8.1%▼ -0.4% vs 06-2025 08-2025: 10.3%▲ +27.5% vs 07-2025highest value 09-2025: 10.3%● 0.0% vs 08-2025highest value 10-2025: 6.7%▼ -35.3% vs 09-2025 11-2025: 6.8%▲ +1.6% vs 10-2025 12-2025: 7.6%▲ +11.8% vs 11-2025 01-2026: 2.8%▼ -63.5% vs 12-2025 02-2026: 2.8%● 0.0% vs 01-2026 03-2026: 2.9%▲ +6.0% vs 02-2026 04-2026: 3.0%▲ +1.6% vs 03-2026 05-2026: 3.0%● 0.0% vs 04-2026 06-2026: 2.9%▼ -4.1% vs 05-2026 07-2026: 2.3%▼ -20.1% vs 06-2026 08-2026: 2.9%▲ +25.5% vs 07-2026 09-2026: 3.2%▲ +13.3% vs 08-2026 10-2026: 1.7%▼ -49.0% vs 09-2026lowest value
  • Liquidity: current ratio 0.14, cash €97, halved raises the probability
  • Founded in 1990 lowers the probability for this profile
  • Size: turnover €220,868, total assets €484,064 lowers the probability for this profile
  • 2 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.14 against 0.15 in 2024; short-term debt: 60.4% and cash: 0% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, micro). Better than this share of them on solvency 11%, liquidity 10%, profitability 50%, growth against the median 75%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.14, cash €97, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: turnover €220,868, total assets €484,064
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 8521 sector peers (2025).
NBB · sector comparison
Position among 8521 sector peers
Solvency
better than 11%
← weakest strongest →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 d early
2024
153 d late
2023
420 d late
2022
109 d late
2021
106 d late
2020
150 d late
2019
151 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 151 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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. Usually files around 17 November (4 of the last 5 filed years within 144 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2018net €44,186 ▲191%
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€34,585 View
  • Caution: Among the weakest 5% on equitysector median €58,751 · 8,529 companies -€34,585 View
  • Active since 1990founded 20-02-1990 36 years View

By topic

Financials

Fiscal year
2025
Turnover
€220,868
Profit
€44,186
Solvency
-7.1%
Turnover▲ 7.7%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 26-06-2026Annual accounts filed
  2. 31-12-2025Highest result since 2018
  3. 31-12-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Coöperatieve vennootschap met beperkte aansprakelijkheid
Activity
Advertising agenciesNACE 73110
Founded
20-02-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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