IRONMOUNTAIN ENGINEERING
ActiveSummary
IRONMOUNTAIN ENGINEERING has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €75,716 and a net result of -€9,146. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-53
Solvency44▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.27 in 2023; short-term debt: 74.4% and cash: 30.3% of total assets), and 80.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.1%
Return on assets
-2.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
85 d late
2023
75 d late
2022
239 d late
2021
100 d late
2020
94 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 119 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€75,716▼ 10.8%
2023 · €84,863
Total assets
€397,384▲ 11.4%
2023 · €356,716
Net result
-€9,146
2023 · €27,596
Working capital
€50,557▼ 20.8%
2023 · €63,839
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22,265▲ 28.6%€1,579▼ 92.9%€15,732▲ 896%€40,445▲ 157%-€7,194
Net result€14,936within the sector's middle half▲ 14.4%€162within the sector's middle half▼ 98.9%€9,793within the sector's middle half▲ 5,950%€27,596above the sector's middle half▲ 182%-€9,146below the sector's middle half
Equity€48,111within the sector's middle half▲ 45.0%€48,273within the sector's middle half▲ 0.3%€58,066within the sector's middle half▲ 20.3%€84,863within the sector's middle half▲ 46.1%€75,716within the sector's middle half▼ 10.8%
Total assets€129,665within the sector's middle half▼ 49.0%€93,483within the sector's middle half▼ 27.9%€396,324within the sector's middle half▲ 324%€356,716within the sector's middle half▼ 10.0%€397,384within the sector's middle half▲ 11.4%
Debt€81,553▼ 63.1%€45,210▼ 44.6%€338,258▲ 648%€271,854▼ 19.6%€321,668▲ 18.3%
Working capital€39,128within the sector's middle half▲ 55.0%€45,075within the sector's middle half▲ 15.2%€56,270within the sector's middle half▲ 24.8%€63,839within the sector's middle half▲ 13.5%€50,557within the sector's middle half▼ 20.8%
Solvency37.1%within the sector's middle half▲ 24.0pp51.6%within the sector's middle half▲ 14.5pp14.7%within the sector's middle half▼ 37.0pp23.8%within the sector's middle half▲ 9.1pp19.1%within the sector's middle half▼ 4.7pp
Current ratio1.48within the sector's middle half▲ 0.372.00within the sector's middle half▲ 0.521.17within the sector's middle half▼ 0.831.27within the sector's middle half▲ 0.101.17within the sector's middle half▼ 0.10
Return on assets (ROA)11.5%within the sector's middle half▲ 6.4pp0.2%within the sector's middle half▼ 11.3pp2.5%within the sector's middle half▲ 2.3pp7.7%within the sector's middle half▲ 5.3pp-2.3%within the sector's middle half▼ 10.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7,194 after €40,445 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €397,384
Fixed assets
€51,256 ▼ 8.6%
Current assets
€346,128 ▲ 15.1%
Equity and liabilities €397,384
Equity
€75,716 ▼ 10.8%
Debt
€321,668 ▲ 18.3%
Debt's share of the balance-sheet total rises from 76.2% to 80.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,120▼
2023 · €45,075
Cash flow
€2,168▼
2023 · €32,226
Debt to equity
4.25▲
2023 · 3.20
ROE
-12.1%▼
2023 · 32.5%
Interest coverage
1.06▼
2023 · 28.28
Debt ≤ 1 year
€295,571▲
2023 · €236,774
Debt > 1 year
€26,097▼
2023 · €35,080
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,165 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,632 | €5,785 | €2,057 | €4,630 | €11,314 | ▲ 144% |
| Other operating charges640/8 | - | €348 | €9,465 | €1,492 | €947 | ▼ 36.5% |
| Gross operating margin9900 | €29,101 | €7,712 | €27,254 | €46,567 | €5,067 | ▼ 89.1% |
| Operating profit (loss)9901 | €22,265 | €1,579 | €15,732 | €40,445 | -€7,194 | ▼ 118% |
| Financial income75/76B | - | €161 | €179 | €1,277 | €1,917 | ▲ 50.2% |
| Recurring financial income75 | €1,177 | €161 | €179 | €1,277 | €1,917 | ▲ 50.2% |
| Financial charges65/66B | - | €325 | €321 | €1,594 | €3,870 | ▲ 143% |
| Recurring financial charges65 | €1,521 | €325 | €321 | €1,594 | €3,870 | ▲ 143% |
| Profit (loss) for the period before taxes9903 | €21,921 | €1,415 | €15,590 | €40,128 | -€9,146 | ▼ 123% |
| Income taxes67/77 | €6,986 | €1,253 | €5,797 | €12,532 | - | - |
| Profit (loss) for the period9904 | €14,936 | €162 | €9,793 | €27,596 | -€9,146 | ▼ 133% |
| Profit (loss) for the period to be appropriated9905 | €14,936 | €162 | €9,793 | €27,596 | -€9,146 | ▼ 133% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129,665 | €93,483 | €396,324 | €356,716 | €397,384 | ▲ 11.4% |
| Fixed assets21/28 | €8,984 | €3,198 | €1,797 | €56,103 | €51,256 | ▼ 8.6% |
| Tangible fixed assets22/27 | €8,984 | €3,198 | €1,797 | €56,103 | €51,256 | ▼ 8.6% |
| Plant, machinery and equipment23 | - | €3,198 | €1,305 | - | - | - |
| Furniture and vehicles24 | - | - | €492 | €532 | €188 | ▼ 64.7% |
| Leasing and similar rights25 | - | - | - | €43,705 | €34,420 | ▼ 21.2% |
| Other tangible fixed assets26 | - | - | - | €11,867 | €16,649 | ▲ 40.3% |
| Current assets29/58 | €120,681 | €90,285 | €394,527 | €300,613 | €346,128 | ▲ 15.1% |
| Stocks and contracts in progress3 | - | - | - | €72,147 | - | - |
| Stocks30/36 | - | - | - | €72,147 | - | - |
| Amounts receivable within one year40/41 | €79,691 | €66,990 | €148,632 | €159,071 | €224,541 | ▲ 41.2% |
| Trade receivables40 | - | €63,898 | €144,185 | €115,929 | €134,108 | ▲ 15.7% |
| Other amounts receivable41 | - | €3,092 | €4,448 | €43,142 | €90,433 | ▲ 110% |
| Current investments50/53 | - | - | - | €734 | - | - |
| Cash at bank and in hand54/58 | €40,948 | €22,853 | €245,895 | €68,355 | €120,448 | ▲ 76.2% |
| Deferred charges and accrued income490/1 | - | €442 | - | €306 | €1,139 | ▲ 272% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129,665 | €93,483 | €396,324 | €356,716 | €397,384 | ▲ 11.4% |
| Equity10/15 | €48,111 | €48,273 | €58,066 | €84,863 | €75,716 | ▼ 10.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €36,855 | €36,855 | €45,855 | €72,855 | €72,855 | = |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €35,000 | €44,000 | €71,000 | €71,000 | = |
| Profit (loss) carried forward14 | €5,056 | €5,218 | €6,011 | €5,808 | -€3,339 | ▼ 157% |
| Amounts payable17/49 | €81,553 | €45,210 | €338,258 | €271,854 | €321,668 | ▲ 18.3% |
| Amounts payable after more than one year17 | - | - | - | €35,080 | €26,097 | ▼ 25.6% |
| Financial debts170/4 | - | - | - | €35,080 | €26,097 | ▼ 25.6% |
| Amounts payable within one year42/48 | €81,553 | €45,210 | €338,258 | €236,774 | €295,571 | ▲ 24.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,576 | €8,983 | ▲ 4.8% |
| Trade debts44 | €71,612 | €34,901 | €325,806 | €208,069 | €272,056 | ▲ 30.8% |
| Suppliers440/4 | - | €34,901 | €325,806 | €208,069 | €272,056 | ▲ 30.8% |
| Taxes, remuneration and social security45 | - | €10,309 | €12,451 | €19,329 | €14,532 | ▼ 24.8% |
| Taxes450/3 | - | €10,309 | €12,451 | €19,329 | €14,532 | ▼ 24.8% |
| Other amounts payable47/48 | - | - | - | €800 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,936 | €162 | €9,793 | €27,596 | -€9,146 | ▼ 133% |
| + Depreciation and write-downs630 | €4,632 | €5,785 | €2,057 | €4,630 | €11,314 | ▲ 144% |
| Operating cash flow (approximation) | €19,567 | €5,947 | €11,850 | €32,226 | €2,168 | ▼ 93.3% |
| Investment in fixed assets (approximation) | - | €0 | -€655 | -€58,936 | -€6,467 | ▲ 89.0% |
| Change in cash | - | -€18,095 | €223,041 | -€177,540 | €52,094 | ▲ 129% |
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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
2024
31-12
Financial
Weakest financial yearnet -€9,146
Net result drops to -€9,146, the lowest in the series.
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
26-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 239 days late
2023
31-12
Financial
Highest result since 2018net €27,596 ▲182%
Operating result €40,445, net result €27,596, both a record.
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €13,051
Net result €13,051 after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Oupeye · 1 establishment unit since 2015
Ground area
685 m²
Building footprint
84 m²
Volume, LiDAR
627 m³
Parcel 62049B0252/00P000, Wallonia · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IRONMOUNTAIN ENGINEERING
since 20152.246.089.141
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62049B0252/00P000 | Wallonia | 685 m² | 1 · 84 m² | 8.8 m · 3 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.
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Of 432 companies in sector 46869 we hold annual accounts for 244. 124 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
Founded06-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46869Wholesale trade
46649Wholesale of other machinery and equipment
46820Wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0639967002
Also
9925:BE0639967002
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.