IPW
ActiveSummary
IPW has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,449 and a net result of €40,449. Its solvency ranks better than 69% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes
Profitability100
Solvency90
Growth-
Track record67
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.24; short-term debt: 29.7% and cash: 28.6% of total assets), and 35% 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 · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65%
Return on assets
61.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 1 filingDeviation from the deadline
2025
6 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€42,449
Total assets
€65,303
Net result
€40,449
Working capital
€4,690
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €65,303
Fixed assets
€41,232
Current assets
€24,071
Equity and liabilities €65,303
Equity
€42,449
Debt
€22,854
Debt finances 35.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€53,161
Cash flow
€43,423
Current ratio
1.24
Debt to equity
0.54
ROE
95.3%
ROA
61.9%
Interest coverage
227.43
Debt ≤ 1 year
€19,380
Debt > 1 year
€3,474
Income taxes
€9,504
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,975 |
| Other operating charges640/8 | €50 |
| Gross operating margin9900 | €53,211 |
| Operating profit (loss)9901 | €50,186 |
| Financial charges65/66B | €234 |
| Recurring financial charges65 | €234 |
| Profit (loss) for the period before taxes9903 | €49,952 |
| Income taxes67/77 | €9,504 |
| Profit (loss) for the period9904 | €40,449 |
| Profit (loss) for the period to be appropriated9905 | €40,449 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €65,303 | |
| Fixed assets21/28 | €41,232 | |
| Tangible fixed assets22/27 | €41,232 | |
| Plant, machinery and equipment23 | €28,251 | |
| Furniture and vehicles24 | €12,981 | |
| Current assets29/58 | €24,071 | |
| Amounts receivable within one year40/41 | €5,369 | |
| Trade receivables40 | €5,369 | |
| Cash at bank and in hand54/58 | €18,702 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €65,303 | |
| Equity10/15 | €42,449 | |
| Contributions10/11 | €2,000 | |
| Profit (loss) carried forward14 | €40,449 | |
| Amounts payable17/49 | €22,854 | |
| Amounts payable after more than one year17 | €3,474 | |
| Financial debts170/4 | €3,474 | |
| Amounts payable within one year42/48 | €19,380 | |
| Current portion of amounts payable after more than one year42 | €4,945 | |
| Trade debts44 | €1,519 | |
| Suppliers440/4 | €1,519 | |
| Taxes, remuneration and social security45 | €2,366 | |
| Taxes450/3 | €2,366 | |
| Other amounts payable47/48 | €10,550 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €40,449 |
| + Depreciation and write-downs630 | €2,975 |
| Operating cash flow (approximation) | €43,423 |
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
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
NBB filing
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, Dessel · 1 establishment unit since 2025
Ground area
567 m²
Building footprint
115 m²
Volume, LiDAR
563 m³
Parcel 13006B1334/00P000, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IPW
since 20252.374.078.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006B1334/00P000 | Flanders | 567 m² | 1 · 115 m² | 9.9 m · 1 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.
Similar companies · same sector, comparable size
VS Works
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L. De Kerpel-Smekens
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DeVaTerra
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Hainaut Chape Carrelages
BE 0834.977.483
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,231. 2,418 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
Founded21-05-2025
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42110Construction of roads and motorways
43130Specialised construction activities
43910Bricklaying and masonry work
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.