Equity
IPWal has made a profit without a break since 2021.
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IPWal has made a profit without a break since 2021.
The result fell in 2025: the 2024 profit included a one-off income of €65,751.
The accounts state no turnover.
€879,544 of the debts are secured on the company's own assets. In 2022 that was €1.1m.
The 2019 accounts came latest: 60 days after the end of the period.
Board changed. Latest change 17-03-2026 · 1 in office.
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In July 2024, 1,603 companies had the same profile as IPWal has now. Each dot stands for 5 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,603 companies, not a prediction for IPWal. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| IPWal Gembloux | €1.1m | €114,522 | 9.4% | - |
| Analytical Sciences & Management Chaumont-Gistoux | €0.9m | €118,882 | 14.6% | - |
| GSF ENGINEERING Gembloux | €1.5m | €164,597 | 42.7% | - |
| Atticus Sports Management Brussels | €1.2m | €97,927 | 3.1% | 1 |
| STUDIEBUREAU DIEDERIK AERTS Bilzen-Hoeselt | €0.9m | €129,788 | 37.7% | - |
| Guy Security Consultancy Antwerp | €1.0m | €150,700 | 20.1% | 0 |
| TD Consultancy Services Sint-Martens-Latem | €1.4m | €180,329 | 98.6% | - |
These companies have the same main activity as IPWal: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €869,000 and €1.5m, founded between 2016 and 2020.
IPWal files the abbreviated format. That format states no turnover. The gross margin rose from -€1,369 in 2019 to €114,522 in 2025.
The balance sheet grew most in 2020 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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