IUPI
ActiveSummary
The computed 12-month bankruptcy probability of IUPI is 1.5% (moderate). The 2025 annual accounts show equity of €315,674 and a net result of -€305,812. Equity is shrinking by ~34% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 38% of 1329 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability11▲+1
Solvency31▼-11
Growth58=
Track record94
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.03 against 0.09 in 2024; short-term debt: 75.4% and cash: 0.2% of total assets), and 93.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€305,812
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
60 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€315,674▼ 49.2%
2024 · €621,486
Total assets
€5.1m▲ 41.7%
2024 · €3.6m
Net result
-€305,812▼ 16.1%
2024 · -€263,401
Working capital
-€3.7m▼ 73.1%
2024 · -€2.2m
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 55, Accommodation, 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
Line2022202320242025
Operating result-€420,164--€162,381▲ 61.4%-€252,502▼ 55.5%-€293,497▼ 16.2%
Net result-€436,866below the sector's middle half--€178,247below the sector's middle half▲ 59.2%-€263,401below the sector's middle half▼ 47.8%-€305,812below the sector's middle half▼ 16.1%
Equity€1.1mabove the sector's middle half-€884,887above the sector's middle half▼ 16.8%€621,486above the sector's middle half▼ 29.8%€315,674above the sector's middle half▼ 49.2%
Total assets€3.1mabove the sector's middle half-€2.7mabove the sector's middle half▼ 11.2%€3.6mabove the sector's middle half▲ 31.5%€5.1mabove the sector's middle half▲ 41.7%
Debt€2.0m-€1.8m▼ 8.3%€3.0m▲ 60.9%€4.8m▲ 60.7%
Working capital-€1.1mbelow the sector's middle half--€957,840below the sector's middle half▲ 11.8%-€2.2mbelow the sector's middle half▼ 125%-€3.7mbelow the sector's middle half▼ 73.1%
Solvency34.6%within the sector's middle half-32.4%within the sector's middle half▼ 2.2pp17.3%within the sector's middle half▼ 15.1pp6.2%within the sector's middle half▼ 11.1pp
Current ratio0.10below the sector's middle half-0.20within the sector's middle half▲ 0.100.09below the sector's middle half▼ 0.110.03below the sector's middle half▼ 0.07
Return on assets (ROA)-14.2%below the sector's middle half--6.5%below the sector's middle half▲ 7.7pp-7.3%below the sector's middle half▼ 0.8pp-6.0%below the sector's middle half▲ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, 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 stays negative: a loss of €293,497 in 2025 against €252,502 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€5.0m ▲ 47.9%
Current assets
€104,452 ▼ 52.7%
Equity and liabilities €5.1m
Equity
€315,674 ▼ 49.2%
Debt
€4.8m ▲ 60.7%
Debt's share of the balance-sheet total rises from 82.7% to 93.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€142,025▼
2024 · -€133,189
Cash flow
-€154,340▼
2024 · -€144,088
Debt to equity
15.10▲
2024 · 4.77
ROE
-96.9%▼
2024 · -42.4%
Interest coverage
-11.94▲
2024 · -12.69
Debt ≤ 1 year
€3.8m▲
2024 · €2.4m
Debt > 1 year
€931,393▲
2024 · €591,888
Income taxes
€418▲
2024 · €405
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 865 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
1.5%
went bankrupt
1.7%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 865 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €203,782 | €85,813 | €119,314 | €151,472 | ▲ 27.0% |
| Other operating charges640/8 | €6,426 | €6,356 | €12,415 | €12,084 | ▼ 2.7% |
| Gross operating margin9900 | -€209,956 | -€70,211 | -€120,773 | -€129,941 | ▼ 7.6% |
| Operating profit (loss)9901 | -€420,164 | -€162,381 | -€252,502 | -€293,497 | ▼ 16.2% |
| Financial income75/76B | - | - | €0 | €0 | ▲ 100% |
| Recurring financial income75 | - | - | €0 | €0 | ▲ 100% |
| Financial charges65/66B | €16,702 | €15,866 | €10,494 | €11,898 | ▲ 13.4% |
| Recurring financial charges65 | €16,702 | €15,866 | €10,494 | €11,898 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | -€436,866 | -€178,247 | -€262,996 | -€305,395 | ▼ 16.1% |
| Income taxes67/77 | - | - | €405 | €418 | ▲ 3.1% |
| Profit (loss) for the period9904 | -€436,866 | -€178,247 | -€263,401 | -€305,812 | ▼ 16.1% |
| Profit (loss) for the period to be appropriated9905 | -€436,866 | -€178,247 | -€263,401 | -€305,812 | ▼ 16.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.1m | €2.7m | €3.6m | €5.1m | ▲ 41.7% |
| Fixed assets21/28 | €3.0m | €2.5m | €3.4m | €5.0m | ▲ 47.9% |
| Tangible fixed assets22/27 | €3.0m | €2.5m | €3.4m | €5.0m | ▲ 47.9% |
| Land and buildings22 | €1.6m | €2.4m | €2.3m | €2.6m | ▲ 11.2% |
| Plant, machinery and equipment23 | €13,893 | €12,416 | €10,940 | €9,463 | ▼ 13.5% |
| Furniture and vehicles24 | €5,535 | €81,624 | €208,771 | €217,449 | ▲ 4.2% |
| Assets under construction and advance payments27 | €1.3m | - | €822,858 | €2.2m | ▲ 163% |
| Current assets29/58 | €120,782 | €243,774 | €221,037 | €104,452 | ▼ 52.7% |
| Amounts receivable within one year40/41 | €14,458 | €37,746 | €72,654 | €91,523 | ▲ 26.0% |
| Trade receivables40 | €66 | €12,735 | €24,208 | €18,083 | ▼ 25.3% |
| Other amounts receivable41 | €14,392 | €25,011 | €48,447 | €73,440 | ▲ 51.6% |
| Cash at bank and in hand54/58 | €106,324 | €206,027 | €147,186 | €9,274 | ▼ 93.7% |
| Deferred charges and accrued income490/1 | - | - | €1,197 | €3,656 | ▲ 205% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.1m | €2.7m | €3.6m | €5.1m | ▲ 41.7% |
| Equity10/15 | €1.1m | €884,887 | €621,486 | €315,674 | ▼ 49.2% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | -€436,866 | -€615,113 | -€878,514 | -€1.2m | ▼ 34.8% |
| Amounts payable17/49 | €2.0m | €1.8m | €3.0m | €4.8m | ▲ 60.7% |
| Amounts payable after more than one year17 | €802,263 | €641,044 | €591,888 | €931,393 | ▲ 57.4% |
| Financial debts170/4 | €802,263 | €641,044 | €591,888 | €931,393 | ▲ 57.4% |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €2.4m | €3.8m | ▲ 61.4% |
| Current portion of amounts payable after more than one year42 | €55,309 | €48,430 | €49,157 | €49,894 | ▲ 1.5% |
| Trade debts44 | €22,663 | €17,230 | €62,050 | €166,003 | ▲ 168% |
| Suppliers440/4 | €22,663 | €17,230 | €62,050 | €166,003 | ▲ 168% |
| Taxes, remuneration and social security45 | €3,172 | €5,267 | €3,058 | €1,923 | ▼ 37.1% |
| Taxes450/3 | €570 | - | - | - | - |
| Remuneration and social security454/9 | €2,602 | €5,267 | €3,058 | €1,923 | ▼ 37.1% |
| Other amounts payable47/48 | €1.1m | €1.1m | €2.3m | €3.6m | ▲ 59.9% |
| Accrued charges and deferred income492/3 | - | - | - | €2,745 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€436,866 | -€178,247 | -€263,401 | -€305,812 | ▼ 16.1% |
| + Depreciation and write-downs630 | €203,782 | €85,813 | €119,314 | €151,472 | ▲ 27.0% |
| Operating cash flow (approximation) | -€233,084 | -€92,433 | -€144,088 | -€154,340 | ▼ 7.1% |
| Investment in fixed assets (approximation) | - | €382,128 | -€1.0m | -€1.8m | ▼ 76.0% |
| Change in cash | - | €99,703 | -€58,842 | -€137,912 | ▼ 134% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
NBB filing
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Durbuy · 1 establishment unit since 2021
Ground area
1,714 m²
Building footprint
183 m²
Parcel 83004B1165/00T002, Wallonia. Linked by address, not a title deed.
1 establishment unit
El Tave 4, 6940 Durbuy
since 20212.324.254.315
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83004B1165/00T002 | Wallonia | 1,714 m² | 1 · 183 m² | - |
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 3,007 companies in sector 55203 we hold annual accounts for 694. 475 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
Founded08-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
Contact
Website
www.iupi.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776912095
Also
9925:BE0776912095
Registered
10-02-2026
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.