IPWT
ActiveSummary
IPWT has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258,570 and a net result of €81,532. Equity is growing by about 41% per year across the filed financial years. Its solvency ranks better than 41% of 9,585 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €258,570
- Profit
- €81,532
- Holdings
- 1
Why 92raises riskFigures for financial year 2025 (filed 11-11-2025)lowers riskSector: Office administrative, office support and other business support activities (NACE 82)Liquidity: current ratio 1.36, cash €191,075Size: total assets €670,979Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 42% on solvency, 68% on liquidity, 57% on profitability and 21% on growth.
The bankruptcy probability was computed on 20-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 4 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignations & appointments · RestructuringResignations: PLISSART Alexandre (manager) and…
- Legal-form change · RestructuringPermanent representative: Alexandre Plissart ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (8 days) Filed on 8 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00564989.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 32% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,779 | €8,888 | €12,414 | €13,332 | €16,282 | €16,667 | €9,113 | ▼ 45.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €61,949 | - |
| Other operating charges640/8 | - | - | - | €643 | €1,115 | €1,119 | €3,477 | ▲ 211% |
| Gross operating margin9900 | €41,275 | €76,633 | €110,704 | €106,443 | €108,342 | €178,681 | €184,254 | ▲ 3.1% |
| Operating profit (loss)9901 | €34,492 | €66,099 | €95,246 | €92,468 | €90,945 | €160,895 | €109,716 | ▼ 31.8% |
| Financial income75/76B | - | - | - | €0 | - | €2,650 | €29,829 | ▲ 1,026% |
| Recurring financial income75 | - | €0 | €6 | €0 | - | €2,650 | €29,829 | ▲ 1,026% |
| Financial charges65/66B | - | - | - | €520 | €397 | €214 | €13,418 | ▲ 6,159% |
| Recurring financial charges65 | €153 | €637 | €411 | €520 | €397 | €214 | €13,418 | ▲ 6,159% |
| Profit (loss) for the period before taxes9903 | €34,339 | €65,462 | €94,841 | €91,949 | €90,548 | €163,330 | €126,127 | ▼ 22.8% |
| Income taxes67/77 | €11,160 | €15,995 | €20,349 | €22,031 | €19,980 | €40,085 | €44,595 | ▲ 11.3% |
| Profit (loss) for the period9904 | €23,179 | €49,467 | €74,493 | €69,918 | €70,568 | €123,246 | €81,532 | ▼ 33.8% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €67,360 | - |
| Profit (loss) for the period to be appropriated9905 | €23,179 | €49,467 | €74,493 | €69,918 | €70,568 | €123,246 | €14,172 | ▼ 88.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €121,779 | €177,149 | €243,727 | €222,729 | €301,201 | €427,687 | €670,979 | ▲ 56.9% |
| Formation expenses20 | €879 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €37,436 | €29,427 | €60,614 | €49,971 | €39,505 | €23,364 | €411,570 | ▲ 1,662% |
| Tangible fixed assets22/27 | €37,436 | €29,427 | €60,614 | €49,971 | €35,255 | €19,114 | €11,570 | ▼ 39.5% |
| Furniture and vehicles24 | - | - | - | €42,156 | €28,308 | €13,036 | €6,361 | ▼ 51.2% |
| Other tangible fixed assets26 | - | - | - | €7,815 | €6,946 | €6,078 | €5,209 | ▼ 14.3% |
| Financial fixed assets28 | - | - | - | - | €4,250 | €4,250 | €400,000 | ▲ 9,312% |
| Current assets29/58 | €83,464 | €147,722 | €183,113 | €172,757 | €261,696 | €404,323 | €259,409 | ▼ 35.8% |
| Amounts receivable within one year40/41 | €56,084 | €45,980 | €66,520 | €65,340 | €78,958 | €95,954 | €67,306 | ▼ 29.9% |
| Trade receivables40 | - | - | - | €65,340 | €78,958 | €95,954 | €63,763 | ▼ 33.5% |
| Other amounts receivable41 | - | - | - | - | - | - | €3,543 | - |
| Current investments50/53 | - | - | - | - | €100,000 | €75,000 | - | - |
| Cash at bank and in hand54/58 | €27,380 | €101,432 | €115,672 | €106,095 | €82,059 | €231,310 | €191,075 | ▼ 17.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,322 | €680 | €2,059 | €1,029 | ▼ 50.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €121,779 | €177,149 | €243,727 | €222,729 | €301,201 | €427,687 | €670,979 | ▲ 56.9% |
| Equity10/15 | €38,179 | €87,646 | €65,739 | €134,857 | €204,625 | €327,871 | €258,570 | ▼ 21.1% |
| Contributions10/11 | €15,000 | €15,000 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,159 | €1,159 | €1,159 | €1,159 | €1,159 | €1,159 | €68,519 | ▲ 5,812% |
| Non-distributable reserves130/1 | - | - | - | €1,159 | €1,159 | €1,159 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,159 | €1,159 | €1,159 | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | - | €67,360 | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,159 | - |
| Profit (loss) carried forward14 | €22,020 | €71,487 | €45,980 | €115,098 | €184,866 | €308,112 | €171,451 | ▼ 44.4% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €61,949 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €61,949 | - |
| Environmental obligations163 | - | - | - | - | - | - | €61,949 | - |
| Amounts payable17/49 | €83,600 | €89,503 | €177,988 | €87,872 | €96,576 | €99,816 | €350,460 | ▲ 251% |
| Amounts payable after more than one year17 | €27,457 | €20,513 | €36,937 | €23,131 | €9,804 | €2,897 | €151,930 | ▲ 5,144% |
| Financial debts170/4 | - | - | - | €23,131 | €9,804 | €2,897 | €151,930 | ▲ 5,144% |
| Amounts payable within one year42/48 | €55,972 | €68,866 | €140,927 | €64,617 | €86,648 | €96,795 | €191,307 | ▲ 97.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,806 | €13,327 | €6,906 | €29,472 | ▲ 327% |
| Trade debts44 | €7,125 | €473 | €1,968 | €1,199 | €1,943 | €1,563 | €3,334 | ▲ 113% |
| Suppliers440/4 | - | - | - | €1,199 | €1,943 | €1,563 | €3,334 | ▲ 113% |
| Taxes, remuneration and social security45 | - | - | - | €36,236 | €15,147 | €34,754 | €19,747 | ▼ 43.2% |
| Taxes450/3 | - | - | - | €36,236 | €15,147 | €19,754 | €19,747 | = |
| Remuneration and social security454/9 | - | - | - | - | - | €15,000 | - | - |
| Other amounts payable47/48 | - | - | - | €13,376 | €56,231 | €53,572 | €138,754 | ▲ 159% |
| Accrued charges and deferred income492/3 | - | - | - | €124 | €124 | €124 | €7,224 | ▲ 5,729% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,179 | €49,467 | €74,493 | €69,918 | €70,568 | €123,246 | €81,532 | ▼ 33.8% |
| + Depreciation and write-downs630 | €1,779 | €8,888 | €12,414 | €13,332 | €16,282 | €16,667 | €9,113 | ▼ 45.3% |
| Operating cash flow (approximation) | €24,958 | €58,355 | €86,907 | €83,250 | €86,851 | €139,913 | €90,645 | ▼ 35.2% |
| Investment in fixed assets (approximation) | - | -€879 | -€43,601 | -€2,689 | -€5,816 | -€526 | -€397,319 | ▼ 75,402% |
| Change in cash | - | €74,052 | €14,240 | -€9,577 | -€24,036 | €149,251 | -€40,235 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 08-11-2025 | 2025-00564989 |
| 31-03-2024 | micro format | 28-09-2024 | 2024-00487832 |
| 31-03-2023 | micro format | 19-10-2023 | 2023-00489591 |
| 31-03-2022 | micro format | 28-10-2022 | 2022-20479822 |
| 31-03-2021 | micro format | 15-11-2021 | 2021-77300250 |
| 31-03-2020 | micro format | 30-10-2020 | 2020-66600503 |
| 31-03-2019 | micro format | 29-10-2019 | 2019-72000145 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- PP SOLARsubsidiaryEquity €30,284Result €25,28485%
According to the annual accounts to 31-03-2025 of IPWT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
01-04
Gazette deed
Resignations & appointments · RestructuringResignations: PLISSART Alexandre (manager) and BAZI Laura (manager) · Appointments: PLISSART Alexandre (director) and BAZI Laura (director) · Capital conversion19 facts ▸
- Other provision, “constat, soumission aux dispositions du Code des sociétés et des associations” (deed in French)
- Capital conversion, “disponible pour distributions futures” (deed in French)
- Merger, “opération assimilée à fusion par absorption, intégralité du patrimoine activement et passivement” (deed in French)
- Other provision, “dispense de lecture du projet et connaissance des documents, lecture par le Président” (deed in French)
- Other provision, “société absorbée et société absorbante, articles 12:50,12:51 et le cas échéant 12:52 du Code des Sociétés et Associations” (deed in French)
- Capital
- Power of attorney, Frédéric MAGNUS
- Director resignation, PLISSART Alexandre (manager)
- Director resignation, BAZI Laura (manager)
- Director appointment, PLISSART Alexandre (director (not named in the articles))
- Director appointment, BAZI Laura (director (not named in the articles))
- Director discharge, PLISSART Alexandre
- +7 further facts in this act
04-12
Gazette deed
Legal-form change · RestructuringPermanent representative: Alexandre Plissart · Power of attorney · Merger18 facts ▸
- Board meeting, 16-10-2024
- Board meeting, 21-10-2024
- Power of attorney, Alexandre Plissart (représentant permanent de ipwt srl,administrateur)
- Power of attorney, Alexandre Plissart (administrateur de ipwt srl)
- Permanent representative, Alexandre Plissart
- Merger, “fusion par absorption assimilée,fusion silencieuse, intégralité du patrimoine activement et passivement” (deed in French)
- Shareholding
- Capital, €10,000
- Capital, €18,600
- Other provision, “intermédiaire du commerce, objet social” (deed in French)
- Other provision, “management et gestion d'entreprise - services administratif, objet social” (deed in French)
- Accounting effect, 01-11-2024
- +6 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25004B0011/00X002 | Wallonia | 1,442 m² | 1 · 175 m² | 7.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes prestations des services et tous mandats sous forme d'études, de conseil en matière économique, d'analyse financière et d'étude de…” (deed in French)
7 activities (deed in French)
- Toutes prestations des services et tous mandats sous forme d'études, de conseil en matière économique, d'analyse financière et d'étude de marché, gestion d'entreprises, d'organisation, d'expertises, d'acte techniques, de conseils et d'avis financiers, techniques, économiques, stratégiques, administratifs au sens large du terme;
- À cet effet, la société peut collaborer ou prendre part ou prendre intérêt dans d'autres entreprises, directement ou indirectement de quelque manière que ce soit;
- La société a également pour objet la réalisation de toutes opérations immobilières et foncières, et notamment l'achat, la vente, l'échange, la mise en valeur, le lotissement, l'exploitation, la construction, la reconstruction, la location et la gérance de tous immeubles bâtis et non bâtis;
- La société peut se porter caution;
- La société pourra, d'une façon générale, accomplir toutes opérations industrielles, commerciales, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet ou qui seraient de nature à en faciliter directement ou indirectement, entièrement ou partiellement, la réalisation.
- Elle pourra s'intéresser par voie d'apport, de fusion, de souscription ou de toute autre manière dans toutes affaires, entreprises, associations ou sociétés, en Belgique ou à l'étranger, ayant un objet identique, analogue ou connexe au sien ou qui soit de nature à favoriser le développement de son entreprise, à lui procurer des matières premières ou à faciliter l'écoulement de ses produits.
- La société peut accepter des mandats de gérant, administrateur ou liquidateur.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IPWT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16. Pouvoirs de l'organe d'administration S'il n'y a qu'un seul administrateur, la totalité des pouvoirs d'administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration” (deed in French)“Rémunération des administrateurs, fixe ou proportionnelle” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, actions” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Tout temps par décision assemblée délibérant formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté assemblée désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, dissolution pour quelque cause et à quelque…” (deed in French)“Répartition actif net, apurement dettes charges frais ou consignation montants nécessaires” (deed in French)