IPXIP
ActiveFrom the official registers: KBO 22 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
IPXIP has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,246 and a net result of €54. Equity has been shrinking by about 3.1% per year since 2018. Its solvency ranks better than 32% of 10,798 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 27-03-2003 Normal situation
- Registered office
- 10 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.132.639.921 1180 Ukkel, since 21-03-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 19-02-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €81,196
- ▲ 11.8%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €54
- ▼ 14.4%
- Equity
- €61,246
- ▼ 1.7%
- Total assets
- €191,948
- ▲ 1.2%
- Staff
- 1.3 FTE
- ▲ 30.0%
Score breakdownraises riskLiquidity: current ratio 1.51, cash €2,324lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Founded in 2003Figures for financial year 2025 (filed on 17-06-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 32% of them on solvency, 8% on liquidity, 31% on profitability and 36% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 22 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 39% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as IPXIP: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €130,000 and €271,000, founded between 2000 and 2007.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| IPXIP Ukkel | 2003 | €191,948 | €61,246 | €81,196 | €54 | 1.3 | 2025 |
| JEMAPPES BRICOLAGE Boussu | 2000 | €200,712 | €184,716 | €75,012 | €33,698 | 1 | 2026 |
| CATAMINI Ukkel | 2006 | €135,949 | €44,319 | €96,570 | €16,214 | 2.4 | 2025 |
| GACI & CO Lasne | 2002 | €270,790 | €232,482 | €82,451 | €11,887 | 1 | 2025 |
| SYNNECTA Malle | 2003 | €138,097 | €47,263 | €72,674 | -€30,658 | 1.7 | 2025 |
| BCF SECURITE Verviers | 2004 | €129,815 | €97,490 | €79,784 | -€1,422 | 1 | 2025 |
| CONSILIO PARTNERS Antwerpen | 2007 | €163,683 | -€28,507 | €63,361 | -€24,612 | 1 | 2025 |
They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as IPXIP has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IPXIP itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,041 companies, not a prediction for IPXIP. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €91,289 | €84,425 | €55,692 | €63,534 | €72,070 | ▲ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €379 | €636 | €737 | €934 | €386 | €1,525 | €6,860 | €6,718 | ▼ 2.1% |
| Other operating charges640/8 | - | - | - | €478 | €348 | €569 | €1,011 | €719 | ▼ 28.9% |
| Gross operating margin9900 | €38,273 | €49,645 | €86,185 | €91,087 | €84,959 | €58,222 | €72,622 | €81,196 | ▲ 11.8% |
| Operating profit (loss)9901 | €648 | €779 | -€1,307 | -€1,615 | -€199 | €436 | €1,216 | €1,688 | ▲ 38.8% |
| Financial income75/76B | - | - | - | €3,099 | €3,749 | €4,015 | €3,171 | €2,460 | ▼ 22.4% |
| Recurring financial income75 | €2,500 | €3,060 | €3,025 | €3,099 | €3,749 | €4,015 | €3,171 | €2,460 | ▼ 22.4% |
| Financial charges65/66B | - | - | - | €1,460 | €1,490 | €2,774 | €1,282 | €949 | ▼ 26.0% |
| Recurring financial charges65 | €883 | €1,508 | €1,483 | €1,460 | €1,490 | €2,774 | €1,282 | €949 | ▼ 26.0% |
| Profit (loss) for the period before taxes9903 | €2,265 | €2,331 | €235 | €24 | €2,060 | €1,677 | €3,105 | €3,199 | ▲ 3.0% |
| Income taxes67/77 | €1,552 | €1,119 | €720 | €1,407 | €1,929 | €1,634 | €3,043 | €3,146 | ▲ 3.4% |
| Profit (loss) for the period9904 | €713 | €1,212 | -€485 | -€1,382 | €131 | €43 | €63 | €54 | ▼ 14.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €2,973 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €713 | €1,212 | €709 | €1,590 | €131 | €43 | €63 | €54 | ▼ 14.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €149,949 | €166,505 | €152,459 | €176,300 | €205,417 | €200,085 | €189,591 | €191,948 | ▲ 1.2% |
| Fixed assets21/28 | €1,009 | €1,456 | €1,914 | €1,328 | €757 | €25,536 | €18,675 | €12,948 | ▼ 30.7% |
| Tangible fixed assets22/27 | €824 | €1,271 | €1,729 | €1,143 | €757 | €25,536 | €18,675 | €12,948 | ▼ 30.7% |
| Furniture and vehicles24 | - | - | - | €1,143 | €757 | €25,536 | €18,675 | €12,948 | ▼ 30.7% |
| Financial fixed assets28 | €185 | €185 | €185 | €185 | - | - | - | - | - |
| Current assets29/58 | €148,941 | €165,048 | €150,545 | €174,972 | €204,659 | €174,549 | €170,916 | €179,001 | ▲ 4.7% |
| Amounts receivable after more than one year29 | - | - | - | €120,000 | €136,000 | €127,000 | €82,000 | €82,000 | = |
| Other amounts receivable291 | - | - | - | €120,000 | €136,000 | €127,000 | €82,000 | €82,000 | = |
| Amounts receivable within one year40/41 | €41,730 | €54,142 | €36,242 | €51,071 | €62,660 | €41,304 | €82,201 | €91,947 | ▲ 11.9% |
| Trade receivables40 | - | - | - | €51,071 | €62,660 | €40,121 | €82,029 | €91,767 | ▲ 11.9% |
| Other amounts receivable41 | - | - | - | - | - | €1,183 | €171 | €179 | ▲ 4.7% |
| Cash at bank and in hand54/58 | €355 | €983 | €8,020 | €495 | €477 | €78 | €137 | €2,324 | ▲ 17× |
| Deferred charges and accrued income490/1 | - | - | - | €3,406 | €5,522 | €6,167 | €6,578 | €2,730 | ▼ 58.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €149,949 | €166,505 | €152,459 | €176,300 | €205,417 | €200,085 | €189,591 | €191,948 | ▲ 1.2% |
| Equity10/15 | €74,999 | €76,211 | €75,726 | €74,343 | €63,837 | €63,879 | €62,292 | €61,246 | ▼ 1.7% |
| Contributions10/11 | €50,000 | €50,000 | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €11,933 | €11,999 | €10,804 | €7,832 | €4,982 | €4,982 | €4,982 | €10,000 | ▲ 101% |
| Non-distributable reserves130/1 | - | - | - | €2,982 | €2,982 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,982 | €2,982 | - | - | - | - |
| Distributable reserves133 | - | - | - | €4,850 | €2,000 | €4,982 | €4,982 | €10,000 | ▲ 101% |
| Profit (loss) carried forward14 | €13,066 | €14,212 | €14,921 | €16,511 | €8,855 | €8,898 | €7,310 | €1,246 | ▼ 83.0% |
| Amounts payable17/49 | €74,951 | €90,294 | €76,733 | €101,957 | €141,580 | €136,205 | €127,299 | €130,703 | ▲ 2.7% |
| Amounts payable after more than one year17 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | €53,049 | €8,903 | €4,557 | ▼ 48.8% |
| Financial debts170/4 | - | - | - | €40,000 | €40,000 | €53,049 | €8,903 | €4,557 | ▼ 48.8% |
| Amounts payable within one year42/48 | €34,310 | €48,363 | €30,507 | €54,425 | €89,723 | €66,790 | €107,566 | €118,340 | ▲ 10.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €3,951 | €4,145 | €4,346 | ▲ 4.8% |
| Trade debts44 | €13,063 | €14,355 | €6,337 | €18,109 | €43,006 | €26,970 | €71,095 | €68,337 | ▼ 3.9% |
| Suppliers440/4 | - | - | - | €18,109 | €43,006 | €26,970 | €71,095 | €68,337 | ▼ 3.9% |
| Taxes, remuneration and social security45 | - | - | - | €29,684 | €27,978 | €15,342 | €24,360 | €30,201 | ▲ 24.0% |
| Taxes450/3 | - | - | - | €9,408 | €6,397 | €6,495 | €8,924 | €9,858 | ▲ 10.5% |
| Remuneration and social security454/9 | - | - | - | €20,276 | €21,582 | €8,847 | €15,436 | €20,343 | ▲ 31.8% |
| Other amounts payable47/48 | - | - | - | €6,632 | €18,739 | €20,527 | €7,965 | €15,457 | ▲ 94.1% |
| Accrued charges and deferred income492/3 | - | - | - | €7,532 | €11,857 | €16,366 | €10,830 | €7,805 | ▼ 27.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €713 | €1,212 | -€485 | -€1,382 | €131 | €43 | €63 | €54 | ▼ 14.4% |
| + Depreciation and write-downs630 | €379 | €636 | €737 | €934 | €386 | €1,525 | €6,860 | €6,718 | ▼ 2.1% |
| Operating cash flow (approximation) | €1,092 | €1,847 | €252 | -€448 | €516 | €1,567 | €6,923 | €6,772 | ▼ 2.2% |
| Investment in fixed assets (approximation) | - | -€1,083 | -€1,194 | -€349 | €185 | -€26,303 | €0 | -€991 | - |
| Change in cash | - | €628 | €7,037 | -€7,525 | -€18 | -€399 | €59 | €2,187 | ▲ 37× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-06-2026 | 2026-00168889 | NBB |
| 31-12-2024 | full format | 25-06-2025 | 2025-00183839 | |
| 31-12-2023 | full format | 28-08-2024 | 2024-00386237 | |
| 31-12-2022 | full format | 19-07-2023 | 2023-00250480 | |
| 31-12-2021 | full format | 20-09-2022 | 2022-20431843 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-57000560 | |
| 31-12-2019 | full format | 14-07-2020 | 2020-29500493 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51800107 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56000304 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59000071 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 01-02-2024 Converted to unavailable equity · €52,981.90
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN DE PUTTE Marleen Albert Bertha |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, personnes physiques ou morales, actionnaires ou non”“Frais généraux, assemblée générale”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant et moitié acquéreurs proportionnellement au nombre d'actions acquises, chacun des actionnaires”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Apport en numéraire avec émission de nouvelles actions, organe qui procède à l'émission”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Dissolution en tout temps par décision assemblée générale délibérant dans formes prévues pour modifications aux statuts”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, administrateur(s) en fonction désigné(s) comme liquidateur(s) en vertu des…”
Articles of association, deed of 01-02-2024 (in French)
Network & group
IPXIP shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of IPXIP. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-02
Gazette deed
Resignation: VAN DE PUTTE Marleen Albert Bertha (manager)Appointment: VAN DE PUTTE Marleen Albert Bertha (director) · Purpose change · Amendment of the articles13 points ▸
- General meeting, 21-12-2023
- Other provision, 05-10-2023
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “limitation du compte de capitaux propres statutairement indisponible, disponible pour distribution,y compris partie non encore libérée inscrite sur compte “appo…” (deed in French)
- Capital
- Power of attorney, Joost EEMAN
- Director resignation, VAN DE PUTTE Marleen Albert Bertha (manager)
- Director appointment, VAN DE PUTTE Marleen Albert Bertha (director (not named in the articles))
- Other provision, “décharge au gérant démissionnaire, reportée” (deed in French)
- Registered office clause, “1180 Uccle, Avenue Winston Churchill 51” (deed in French)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21618B0276/00F032 | Brussels | 463 m² | 1 · 356 m² | 21.8 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.