IPVL
ActiveThe computed 12-month bankruptcy probability of IPVL is 2.7% (moderate). The 2024 annual accounts show equity of €18k and a net result of €49k. Equity is growing by ~87.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 7426 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency14▼-25
Growth78▲+20
Stability94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.75 in 2023), and 94.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
5.6%
Return on assets
15.4%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 7426 sector peers (2024).
NBB · sector comparisonPosition among 7426 sector peers
Solvency
better than 8%
← weakest
strongest →
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 27-06-2025, 34 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
14 d late
2022
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€18k
2023 · €-31k
2022: €-13k
2023: €-31k
2022 → 2024
Total assets
€317k▲ 29.8%
2023 · €244k
2022: €214k
2023: €244k
2022 → 2024
Net result
€49k
2023 · €-18k
2022: €-33k
2023: €-18k
2022 → 2024
Working capital
€-11k▲ 81.6%
2023 · €-60k
2022: €-24k
2023: €-60k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€-13k-€-31k▼ 136%€18k
Operating result€-32k-€-16k▲ 49.0%€55k
Net result€-33k-€-18k▲ 45.8%€49k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €55k after a loss of €16k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €317k
Fixed assets
€49k▼ 18.4%
Current assets
€268k▲ 45.5%
Equity and liabilities €317k
Equity
€18k
Debt
€299k
Debt finances 94.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€72k▲
2023 · €-4k
Cash flow
€65k▲
2023 · €-5k
Solvency
5.6%▲
2023 · -12.8%
Current ratio
0.96▲
2023 · 0.75
Quick ratio
0.96▲
2023 · 0.75
Debt / equity
16.95▲
2023 · -8.80
ROE
277.3%▲
2023 · 57.6%
ROA
15.4%▲
2023 · -7.4%
Interest coverage
46.51▲
2023 · -2.04
Debt
€299k▲
2023 · €276k
Debt ≤ 1 year
€279k▲
2023 · €244k
Debt > 1 year
€19k▼
2023 · €30k
Income taxes
€5k▲
2023 · €173
Staff costs
€61k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€244k€317k▲
Fixed assets21/28€60k€49k▼
Intangible fixed assets21€19k€15k▼
Tangible fixed assets22/27€39k€32k▼
Furniture and vehicles24€385€2k▲
Leasing and similar rights25€38k€27k▼
Other tangible fixed assets26-€3k
Financial fixed assets28€2k€2k=
Current assets29/58€184k€268k▲
Amounts receivable within one year40/41€154k€130k▼
Trade receivables40€143k€121k▼
Other amounts receivable41€11k€9k▼
Cash at bank and in hand54/58€22k€129k▲
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€244k€317k▲
Equity10/15€-31k€18k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-51k€-2k▲
Amounts payable17/49€276k€299k▲
Amounts payable after more than one year17€30k€19k▼
Financial debts170/4€30k€19k▼
Amounts payable within one year42/48€244k€279k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€194k€180k▼
Suppliers440/4€194k€180k▼
Advances received on contracts in progress46€38k€69k▲
Taxes, remuneration and social security45€1k€20k▲
Taxes450/3€173€12k▲
Remuneration and social security454/9€1k€7k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20232024
Remuneration, social security and pensions62€4k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€16k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€-10k▼
Other operating charges640/8€290€12k▲
Gross operating margin9900€11k€134k▲
Operating profit (loss)9901€-16k€55k▲
Financial income75/76B€101€126▲
Recurring financial income75€101€126▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-18k€54k▲
Income taxes67/77€173€5k▲
Profit (loss) for the period9904€-18k€49k▲
Profit (loss) for the period to be appropriated9905€-18k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-51k€-2k▲
Profit (loss) brought forward from the previous period14P€-33k€-51k▼
Social balance
Average headcount (FTE)90870.11.2▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €49k
Net result €49k after 2 loss-making years.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mechelen · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Regenboog 112800 MechelenGround area
2,685 m²
Building footprint
528 m²
Volume, LiDAR
3,328 m³
Parcel 12403E0856/00E000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IPVL
since 20222.330.950.481
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0856/00E000 | Flanders | 2,685 m² | 1 · 528 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450044F3E8541FE991
Similar companies · same sector, comparable size
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Hamme (Vl.) · Eq €18k
STM
BE 1002.815.494
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BE 0756.701.849
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METAPHRASIS
BE 0881.548.173
Sombreffe · Eq €18k
Of 4,244 companies in sector 43230 we hold annual accounts for 1,230. 841 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-2022
Fiscal year end31-12
Trade name NL
Iseo Projection by IPVL
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
41001General construction of residential buildings
43240Other construction installation
43299Specialised construction activities
43421Specialised construction activities
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.iseoprojection.com