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IPWal

Active Private limited companyfounded 2019active for 7 yearsRue des Haipes,Sauv. 13, 5030 GemblouxKBO/BCE: BE 0719.836.802 subsidiary of #9 company by total assets in the province of Namur, Other professional activities sector

Overview

Lifetime

7 annual accounts with figures on one time axis
peak €197,831 (2024)
€114,522▼ 42.1%
lowest -€90,190 (2020)
€17,145▼ 84.3%
peak €107,320 (2025)
€107,320▲ 19.0%
€1.0m▼ 17.0%
peak 1.6 FTE (2021)
-not published
Board4 names since 2019
2 directors and 1 other
Owners
consolidates
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €197,831 to €114,522Result from €108,940 to €17,145Equity from €90,176 to €107,320Debts from €1.3m to €1.0mCash from €3,690 to €102,457

Key points

from the 2025 annual accounts

Equity

€107,320 ▲ 19.0%

IPWal has made a profit without a break since 2021.

Result

€17,145 ▼ 84.3%
€109,0002024€17,1002025

The result fell in 2025: the 2024 profit included a one-off income of €65,751.

Turnover

≈ €290,000 estimated

The accounts state no turnover.

Debts

€1.0m 91% of the balance sheet
Financial debts 89%Suppliers 0%Taxes and wages 0%Other 11%

€879,544 of the debts are secured on the company's own assets. In 2022 that was €1.1m.

Filings

7 annual accounts 5 late
AprilJune31 JulyOctober202020222024

The 2019 accounts came latest: 60 days after the end of the period.

Board

1 joined · 1 left

Board changed. Latest change 17-03-2026 · 1 in office.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 1,603 companies had the same profile as IPWal has now. Each dot stands for 5 companies, two years later.

96.0%
were still trading
1.8%
stopped another way
1.9%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet

Another 0.3% stopped without a precise date, possibly only after those two years.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit verdict

Credit check for an amount and term of your choice

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.

Signals

Board and ownership

Director, , since 19-02-2026
  • consolidatesscore equity €1.8m (2025) · annual accounts 2025
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0719836802
New sole director appointed, resigned · Permanent representative: · Director discharge: · General meeting of 19-02-2026 · Gazette deed
Resignation: (manager) Reappointment: (director) · “La location,la vente,l’achat de véhicule de loisirs; La location,la vente,l’achat de véhicule légers; La…” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 26-12-2022 · Gazette deed
Registered office moved within Gembloux New registered office: Rue des Haipes, 13 à 5030 Gembloux · Previous registered office: Rue des Praules, 1A à 5030 Gembloux · Resignations: (director) and (director) · General meeting of 20-11-2020 · Gazette deed
All 18 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 05-02-2019Normal situation
Activity
Other professional, scientific and technical activitiesNACE 74999and 6 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2021
Establishment unit
2.289.685.5925030 Gembloux, since 05-06-2019
Financial year end
31 December
Peppol
Reachable since 10-06-2026
Company details

Annual accounts 2025

€114,522▼ 42.1%
€17,145▼ 84.3%
€107,320▲ 19.0%
€1.1m▼ 14.6%
Filing
Filed on 31-07-2026, on the last day of the filing period
Financials

Insights on IPWal

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.

Financials

Annual accounts 2025

abbreviated format, filed on 31-07-2026, on the day of the deadline
€114,522
▼ 42.1%
€41,552
▼ 66.8%
€17,145
▼ 84.3%
-€886
▼ €76,600
9.4%
▲ 2.6 percentage points
0.99
▼ 0.45

The turnover shown is an estimate from the gross margin.

Turnover ≈ €290,000. Estimated: probably between €180,000 and €540,000.

Balance sheet

balance sheet total €1.1m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

9.4%

Higher than 22% of 819 companies in 2025.

0.99

Higher than 26% of 784 companies in 2025.

1.5%

Higher than 39% of 792 companies in 2025.

IPWal Middle half of the sector 80% of the sector Abbreviated accounts in other professional activities (NACE 74)

Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 1.1m1.3m1.3m1.4m1.6m1.6m613,060
21/28 1.0m1.1m1.3m1.4m1.5m1.5m540,773
22/27 1.0m1.1m1.3m1.4m1.5m1.5m540,773
22 1.0m1.1m1.3m1.3m1.5m1.5m-
24 3,5964,3495,1034,7905,4406,089-
27 ------540,773
29/58 112,951247,15031,18787,154119,47459,95472,287
40/41 10,493243,46013,54285,929113,28318,35035,785
40 8,17527,54611,41285,589106,80715,80016,818
41 2,318215,9152,1313406,4772,55018,968
54/58 102,4573,69017,6451,2256,13941,55136,453
490/1 ---0525449
Balance sheet: equity and liabilities
10/49 1.1m1.3m1.3m1.4m1.6m1.6m613,060
10/15 107,32090,176-18,764-76,499-109,844-155,273-65,083
10/11 6,3006,3006,3006,3006,3006,3006,300
100 ------18,600
101 ------12,300
14 101,02083,876-25,064-82,799-116,144-161,573-71,383
17/49 1.0m1.3m1.3m1.5m1.7m1.7m678,143
17 919,2911.1m1.2m1.3m1.4m1.5m415,599
170/4 919,2911.1m1.2m1.3m1.4m1.5m415,599
42/48 113,837171,436146,677212,756276,564237,708261,044
42 105,342112,868111,847110,910109,94960,6059,156
43 6,8156,9147,0136,2016,201--
430/8 6,8156,9147,0136,2016,201--
44 811,1777,02179,39088,50974,988149,521
440/4 811,1777,02179,39088,50974,988149,521
45 1,5999,4169,6035,0639,91417,1306,152
450/3 1,5999,4169,6035,0639,9149,996954
454/9 -----7,1355,198
47/48 041,06211,19311,19361,99284,98596,214
492/3 5,26414,98910,52111,24610,3458811,500
Income statement
76A -65,7510184946--
9900 114,522197,831154,788130,712194,35323,169-1,369
62 --03449,38952,28648,833
630 61,80761,11968,45568,26268,00735,60216,508
631/4 --0-5,0006304,370-
640/8 11,16311,68411,45215,82711,0521,670901
9901 41,552125,02874,88151,58965,275-70,760-67,611
75/76B --0496-4540
75 --0496-4540
65/66B 18,82415,92617,14718,74019,76519,7653,695
65 18,82415,92617,14718,74019,76519,7653,695
9903 22,728109,10257,73433,34545,510-90,071-71,306
67/77 5,583162-08111977
9904 17,145108,94057,73433,34545,429-90,190-71,383
9905 17,145108,94057,73433,34545,429-90,190-71,383
Appropriation of the result
9906 101,02083,876-25,064-82,799-116,144-161,573-71,383
14P 83,876-25,064-82,799-116,144-161,573--
Social balance sheet
9087 -0001.610.8
Hours worked1013 ----1,7711,6491,615
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-07-2026 2026-00365783 PDF
31-12-2024 full format 14-07-2025 2025-00268361 PDF
31-12-2023 full format 14-08-2024 2024-00343930 PDF
31-12-2022 full format 21-08-2023 2023-00337354 PDF
31-12-2021 full format 03-08-2022 2022-20265935 PDF
31-12-2020 full format 16-08-2021 2021-48600029 PDF
31-12-2019 full format 29-09-2020 2020-56200128 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
103,359186,147143,336119,852133,282-35,158-51,103
78,951170,059126,189101,607113,436-54,588-54,875
029,7043,504-39,89066,3661.0m557,281
98,767-13,95516,420-4,914-35,4125,098-
-88675,714-115,489-125,602-157,090-177,754-188,757
9.4%6.7%-1.4%-5.3%-7.0%-9.7%-10.6%
0.991.440.210.410.430.250.28
9.6813.88-----
16.0%120.8%-----
1.5%8.1%4.4%2.3%2.9%-5.7%-11.6%
5.4911.698.366.406.74--

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-2021
0.9
Joined2
Left3

Source: social balance sheet in the 2021 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets€879,544€959,085€1.0m€1.1m-
Mortgages, amount registered€400,000€400,000€400,000€400,000-
€844,910€844,910€844,910€844,910-
Carrying value of the mortgaged assets€1.0m€1.1m€1.3m€1.3m-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€29,704€3,504-€66,366
€61,807€61,119€68,455€68,262€68,007

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on IPWal

The operating result for 2025 is 67% lower than in 2024 and the lowest since 2020.

Debt's share of the balance-sheet total falls from 93.3% to 90.6%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, no change since March 2026
Sole director, permanent representative
since 19-02-2026
listed in the 2025 annual accounts, filed on 31-07-2026
Permanent representatives 1
Permanent representative, for
appointed by deed of 17-03-2026

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today

Sole director

Director (not named in the articles)

Manager (not named in the articles)

Manager (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
    • Sole director, since before 31-12-2025
    • Manager (not named in the articles), from 05-02-2019 to 29-12-2022
    • Director (not named in the articles), from before 29-12-2022 to 17-03-2026
    • Manager (not named in the articles), appointed by deed of 07-02-2019, until 26-03-2021
    • Manager (not named in the articles), appointed by deed of 07-02-2019, until 26-03-2021

See the board, name and registered office on a given date →

Control

Consolidating parent
Equity €1.8m
Profit €554,717 in 2025 (profit €616,425 in 2024)
Checked score
consolidates
This company
IPWal
Equity €107,320
Profit €17,145 in 2025

Capital

Contribution
€6,300
Shares
600
Contribution per share
€10.50
Equity per share
€179 in 2025
Source
deed of 29-12-2022

Articles of association

deed of 29-12-2022 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs proportionnel actions, titre particulier universel onéreux gratuit entre vifs cause mort”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of April at 19:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, administrateurs en fonction désignés comme liquidateurs en…”

Capital transactions

Shareholders according to the deeds
At incorporation deed of 07-02-2019 ↗
  • 200 shares (33.3%) · €6,200
  • 200 shares (33.3%) · €6,200
  • 200 shares (33.3%) · €6,200
Capital over time
  1. 29-12-2022 Converted to unavailable equity · €6,300
  2. 29-12-2022 Converted to uncalled contributions
  3. 07-02-2019 Incorporation · €18,600 · 600 shares

Network & group

Parent

Belgium · equity €1.8m · profit €554,717 (2025)
Checked score

Connections & network

1 current director
Depth

The network starts from the directors of IPWal. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

18 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · on the deadline day
Registered in the Peppol Directory Reachable for e-invoices through 0208:0719836802
New sole director appointed, resigned · Permanent representative: · Director discharge: · General meeting of 19-02-20265 points ▸
  • General meeting, 19-02-2026
  • Director resignation,
  • Director discharge,
  • Director appointment, (sole director)
  • Permanent representative,

Open the deed in the Belgian Official Gazette

2025
Equity above €100,000 equity €107,320 ▲19% After 5 profitable years in a row, equity reaches €107,320.
Annual accounts 2024 filed PDFfull format · 17 days before the deadline
2024
Highest result from 2019 to 2025 net €108,940 ▲88.7% The operating result of €125,028 and the net result of €108,940 are both a record.
Liquidity more than 6 times current ratio 1.44 The current ratio rises from 0.21 to 1.44.
Annual accounts 2023 filed PDFfull format · 14 days late
2023
Annual accounts 2022 filed PDFfull format · 21 days late
2022
Resignation: (manager)Reappointment: (director) · “La location,la vente,l’achat de véhicule de loisirs; La location,la vente,l’achat de véhicule légers; La…” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 26-12-20227 points ▸
  • General meeting, 26-12-2022
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • Purpose change, “La location,la vente,l’achat de véhicule de loisirs; La location,la vente,l’achat de véhicule légers; La location,la vente,l’achat de véhicule utilitaire…” (deed in French)
  • 600 shares
  • Director resignation, (manager)
  • Director reappointment, (director (not named in the articles))
  • Registered office clause, Rue des Haipes 13, 5030 Gembloux
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFfull format · 3 days late
2021
Back to profit net €45,429 The net result is €45,429, after 2 loss-making years.
Annual accounts 2020 filed PDFfull format · 16 days late
Registered office moved within GemblouxNew registered office: Rue des Haipes, 13 à 5030 Gembloux · Previous registered office: Rue des Praules, 1A à 5030 Gembloux · Resignations: (director) and (director) · General meeting of 20-11-20204 points ▸
  • General meeting, 20-11-2020
  • Director resignation,
  • Director resignation,
  • Registered-office move, Rue des Haipes, 13 à 5030 Gembloux
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2020
Weakest financial year net -€90,190 The net result drops to -€90,190, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2019 filed PDFfull format · 60 days late
2019
First establishment Rue des Haipes,Sauv. 13, Gembloux
IncorporationFounding capital of €18,600, 600 shares · Founders: , and · Appointments: , and · published on 07-02-20198 points ▸
  • Capital, €18,600, 600 shares
  • Director appointment, (manager (not named in the articles))
  • Director appointment, (manager (not named in the articles))
  • Director appointment, (manager (not named in the articles))
  • Founder,
  • Founder,
  • Founder,
  • Founding capital, €18,600, 600 shares
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 5 February 2019, IPWal was incorporated by three natural persons, with a starting capital of €18,600.12 In 2021 the registered office moved to Gembloux.3 has served as sole director since 2026.4 Total assets went from €613,060 in 2019 to €1.1m in 2025 and headcount from 0.8 full-time equivalents in 2019 to 1.6 in 2021.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-02-2019
  3. 3Belgian Official Gazette, 26-03-2021
  4. 4National Bank, annual accounts 2025
  5. 5National Bank, annual accounts 2019, 2021 and 2025

Company details

Identity

Enterprise number
0719.836.802
VAT number
BE 0719.836.802
Peppol ID
0208:0719836802
Other Peppol ID
9925:BE0719836802
Legal form
Private limited company
Status
Active, normal situation
Founded
05-02-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of April at 19:00
deed of 29-12-2022 (in French)
Peppol
Reachable since 10-06-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
IPWal in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-12-2022 (in French)

Activities

NACEBEL 2025
Joint committees annual accounts 2021
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
74909 Other professional, scientific and technical activities main activity
41201 General construction of buildings
43291 Specialised construction activities
47521 Retail trade
68100 Real estate activities
68201 Real estate activities
68203 Real estate rental
PurposeThe purpose describes the activities the company may carry out under its articles.
“Conseil pour les affaires et autres conseils de gestion; Commerce de détail d’appareils d’éclairage; Commerce de gros d’appareils…”
26 activities
  1. Conseil pour les affaires et autres conseils de gestion
  2. Commerce de détail d’appareils d’éclairage
  3. Commerce de gros d’appareils d’éclairage
  4. Intermédiaires du commerce en produits divers
  5. Intermédiaires du commerce en meubles,articles de ménage et quincaillerie
  6. Intermédiaires du commerce en machines et équipements utilisés dans le secteur de services
  7. Intermédiaires du commerce en matériel électrique et électronique,y compris le matériel d’installation à usage industriel
  8. Activités d’étalagiste
  9. Conception de showrooms,etc…
  10. Marchand de biens immobiliers (pour compte propre)
  11. La démolition,la construction,la transformation,l’échange et la vente de tous immeubles (pour compte propre)
  12. Location d’habitations,à l’exclusion de logements sociaux
  13. Location d’immeubles non résidentiels,y compris les salles d’exposition
  14. Location de terres et terrains
  15. Assistance administrative à toutes personnes physiques pour morales
  16. Travail de secrétariat à toutes personnes physiques ou morales
  17. Établissement d’audit,de certificat de performance énergétique et de dossier de préparation à l’introduction d’une demande de permis d’urbanisme
  18. Consultance et conseil technique dans le cadre des activités énumérées ci-dessus
  19. Pour son compte
  20. Comme marchand de biens
  21. Par commission
  22. Comme intermédiaire
  23. Comme représentant
  24. La location,la vente,l’achat de véhicule de loisirs
  25. La location,la vente,l’achat de véhicule légers
  26. La location,la vente,l’achat de véhicule utilitaire
deed of 29-12-2022 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue des Haipes,Sauv. 13 registered office 5030 Gembloux 05-06-2019 2.289.685.592

Location

registered office establishment approximate The establishment unit on the map

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0719.836.802