IPTO
ActiveSummary
The computed 12-month bankruptcy probability of IPTO is 1.7% (moderate). The 2026 annual accounts show equity of €56,539 and a net result of €131,919. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 231 sector peers (fiscal year 2026). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability81▲+81
Solvency29▲+9
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.1 in 2025; short-term debt: 30.9% and cash: 16.5% of total assets), but 95.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2026Solvency, return and age of the figures
Solvency
4.3%
Return on assets
10%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 10-09-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2026
10 d late
2025
19 d late
2024
26 d late
2023
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 8 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-01-2027 close31-08-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2026, abbreviated schema
In the rankings
#5 employer in Zedelgem, Wholesale and retail trade sector
Equity
€56,539
2025 · -€75,381
Total assets
€1.3m▼ 4.2%
2025 · €1.4m
Net result
€131,919
2025 · -€234,821
Working capital
€480,930▲ 465%
2025 · €85,194
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
Line2023202420252026
Operating result€35,641-€81,713▲ 129%-€230,291€120,108
Net result€27,271-€60,790▲ 123%-€234,821€131,919
Equity€98,650-€159,440▲ 61.6%-€75,381€56,539
Total assets€607,631-€851,327▲ 40.1%€1.4m▲ 61.7%€1.3m▼ 4.2%
Debt€508,981-€691,887▲ 35.9%€1.5m▲ 110%€1.3m▼ 13.0%
Working capital€315,288-€397,508▲ 26.1%€85,194▼ 78.6%€480,930▲ 465%
Staff (FTE)13.3-15.3▲ 15.0%15.4▲ 0.7%14.1▼ 8.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €120,108 after a loss of €230,291 in 2025, the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.3m
Fixed assets
€429,914 ▲ 5.7%
Current assets
€889,117 ▼ 8.3%
Equity and liabilities €1.3m
Equity
€56,539
Debt
€1.3m
Debt finances 95.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€166,819▲
2025 · -€212,330
Cash flow
€178,631▲
2025 · -€216,860
Current ratio
2.18▲
2025 · 1.10
Quick ratio
1.13▲
2025 · 0.73
Debt to equity
22.33▲
2025 · -19.26
ROE
233.3%
ROA
10.0%▲
2025 · -17.1%
Interest coverage
8.29▲
2025 · -31.44
Debt ≤ 1 year
€408,187▼
2025 · €884,604
Debt > 1 year
€854,305▲
2025 · €566,925
Staff costs
€636,547▼
2025 · €650,067
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €497,782 | €614,498 | €650,067 | €636,547 | ▼ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €741 | €3,256 | €17,961 | €46,711 | ▲ 160% |
| Other operating charges640/8 | €18,178 | €2,655 | €3,110 | €21,560 | ▲ 593% |
| Gross operating margin9900 | €552,341 | €702,121 | €440,848 | €824,927 | ▲ 87.1% |
| Operating profit (loss)9901 | €35,641 | €81,713 | -€230,291 | €120,108 | ▲ 152% |
| Financial income75/76B | €672 | €1,070 | €2,224 | €31,938 | ▲ 1,336% |
| Recurring financial income75 | €672 | €1,070 | €2,224 | €1,938 | ▼ 12.9% |
| Non-recurring financial income76B | - | - | - | €30,000 | - |
| Financial charges65/66B | €1,500 | €1,620 | €6,754 | €20,127 | ▲ 198% |
| Recurring financial charges65 | €1,500 | €1,620 | €6,754 | €20,127 | ▲ 198% |
| Profit (loss) for the period before taxes9903 | €34,813 | €81,164 | -€234,821 | €131,919 | ▲ 156% |
| Income taxes67/77 | €7,542 | €20,373 | - | - | - |
| Profit (loss) for the period9904 | €27,271 | €60,790 | -€234,821 | €131,919 | ▲ 156% |
| Profit (loss) for the period to be appropriated9905 | €27,271 | €60,790 | -€234,821 | €131,919 | ▲ 156% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €607,631 | €851,327 | €1.4m | €1.3m | ▼ 4.2% |
| Fixed assets21/28 | €19,777 | €19,426 | €406,750 | €429,914 | ▲ 5.7% |
| Tangible fixed assets22/27 | €19,777 | €19,426 | €405,250 | €428,414 | ▲ 5.7% |
| Land and buildings22 | - | €2,614 | €182,573 | €229,123 | ▲ 25.5% |
| Plant, machinery and equipment23 | €19,777 | €16,812 | €222,676 | €199,291 | ▼ 10.5% |
| Financial fixed assets28 | - | - | €1,500 | €1,500 | = |
| Current assets29/58 | €587,854 | €831,901 | €969,799 | €889,117 | ▼ 8.3% |
| Stocks and contracts in progress3 | €343,080 | €453,238 | €326,912 | €427,256 | ▲ 30.7% |
| Stocks30/36 | €343,080 | €453,238 | €326,912 | €427,256 | ▲ 30.7% |
| Amounts receivable within one year40/41 | €240,209 | €162,445 | €395,040 | €239,065 | ▼ 39.5% |
| Trade receivables40 | €64,876 | €75,534 | €88,187 | €101,519 | ▲ 15.1% |
| Other amounts receivable41 | €175,333 | €86,910 | €306,853 | €137,546 | ▼ 55.2% |
| Cash at bank and in hand54/58 | - | €215,747 | €245,871 | €217,259 | ▼ 11.6% |
| Deferred charges and accrued income490/1 | €4,565 | €471 | €1,975 | €5,537 | ▲ 180% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €607,631 | €851,327 | €1.4m | €1.3m | ▼ 4.2% |
| Equity10/15 | €98,650 | €159,440 | -€75,381 | €56,539 | ▲ 175% |
| Contributions10/11 | €71,379 | €71,379 | €71,379 | €71,379 | = |
| Reserves13 | €27,271 | €88,062 | - | - | - |
| Distributable reserves133 | €27,271 | €88,062 | - | - | - |
| Profit (loss) carried forward14 | - | - | -€146,759 | -€14,840 | ▲ 89.9% |
| Amounts payable17/49 | €508,981 | €691,887 | €1.5m | €1.3m | ▼ 13.0% |
| Amounts payable after more than one year17 | €236,416 | €257,494 | €566,925 | €854,305 | ▲ 50.7% |
| Financial debts170/4 | - | - | €293,956 | €349,557 | ▲ 18.9% |
| Trade debts175 | €236,416 | €257,494 | €272,969 | €504,748 | ▲ 84.9% |
| Amounts payable within one year42/48 | €272,566 | €434,393 | €884,604 | €408,187 | ▼ 53.9% |
| Current portion of amounts payable after more than one year42 | - | €49,897 | €384,852 | €118,253 | ▼ 69.3% |
| Trade debts44 | €199,522 | €90,432 | €390,240 | €175,429 | ▼ 55.0% |
| Suppliers440/4 | €199,522 | €90,432 | €390,240 | €175,429 | ▼ 55.0% |
| Taxes, remuneration and social security45 | €73,044 | €92,141 | €108,175 | €114,505 | ▲ 5.9% |
| Taxes450/3 | €7,542 | €20,373 | - | - | - |
| Remuneration and social security454/9 | €65,502 | €71,768 | €108,175 | €114,505 | ▲ 5.9% |
| Other amounts payable47/48 | - | €201,922 | €1,338 | - | - |
| Accrued charges and deferred income492/3 | - | - | €400 | - | - |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,271 | €60,790 | -€234,821 | €131,919 | ▲ 156% |
| + Depreciation and write-downs630 | €741 | €3,256 | €17,961 | €46,711 | ▲ 160% |
| Operating cash flow (approximation) | €28,012 | €64,046 | -€216,860 | €178,631 | ▲ 182% |
| Investment in fixed assets (approximation) | - | -€2,905 | -€405,285 | -€69,876 | ▲ 82.8% |
| Change in cash | - | - | €30,124 | -€28,613 | ▼ 195% |
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 2027, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema · 10 days late
31-01
Financial
Back to profitnet €131,919
Net result €131,919 after one loss-making year.
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
31-01
Financial
Weakest financial yearnet -€234,821
Net result drops to -€234,821, the lowest in the series; recovery starts the following year.
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
31-01
Financial
Equity above €150,000Eq €159,440 ▲61.6%
2 profitable years in a row build equity to €159,440.
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zedelgem · 1 establishment unit since 2022
Ground area
2,410 m²
Parcel 31040F1177/00L000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Carrefour Market Zedelgem
since 20222.338.849.944
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040F1177/00L000 | Flanders | 2,410 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 705 EUR awarded · 705 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 353 EUR | 353 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 176 EUR | 176 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyZedelgem2.338.849.944
Dual-learning approval
2 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,849. 4,650 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
Founded16-11-2022
Fiscal year end31-01
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.