PRINS - IPE
ActiveSummary
PRINS - IPE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €881,829 and a net result of €197,501. Equity is growing by ~12.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 10.96 against 7.67 in 2023; short-term debt: 7.6% and cash: 31.2% of total assets), and 13.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.7%
Return on assets
19.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
57 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€881,829▲ 10.4%
2023 · €798,473
Total assets
€1.0m▲ 4.8%
2023 · €971,200
Net result
€197,501▲ 0.3%
2023 · €196,931
Working capital
€767,949▲ 10.1%
2023 · €697,703
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€123,756▲ 38.1%€190,345▲ 53.8%€300,023▲ 57.6%€288,493▼ 3.8%€284,294▼ 1.5%
Net result€104,104€135,614▲ 30.3%€212,117▲ 56.4%€196,931▼ 7.2%€197,501▲ 0.3%
Equity€542,241▲ 23.8%€677,855▲ 25.0%€601,542▼ 11.3%€798,473▲ 32.7%€881,829▲ 10.4%
Total assets€717,601▲ 40.6%€861,569▲ 20.1%€834,900▼ 3.1%€971,200▲ 16.3%€1.0m▲ 4.8%
Debt€175,204▲ 143%€183,558▲ 4.8%€233,202▲ 27.0%€172,570▼ 26.0%€135,616▼ 21.4%
Working capital€439,378▲ 18.2%€559,356▲ 27.3%€503,289▼ 10.0%€697,703▲ 38.6%€767,949▲ 10.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€172,571 ▲ 2.2%
Current assets
€845,029 ▲ 5.3%
Equity and liabilities €1.0m
Equity
€881,829 ▲ 10.4%
Provisions
€156 =
Debt
€135,616 ▼ 21.4%
Debt's share of the balance-sheet total falls from 17.8% to 13.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€322,005▼
2023 · €333,268
Cash flow
€235,212▼
2023 · €241,707
Current ratio
10.96▲
2023 · 7.67
Debt to equity
0.15▼
2023 · 0.22
ROE
22.4%▼
2023 · 24.7%
ROA
19.4%▼
2023 · 20.3%
Interest coverage
194.77▲
2023 · 189.22
Debt ≤ 1 year
€77,080▼
2023 · €104,609
Debt > 1 year
€45,535▼
2023 · €67,120
Income taxes
€93,264▲
2023 · €92,814
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 20,134 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €40,000 | €0 | €2,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,851 | €44,375 | €43,718 | €44,775 | €37,711 | ▼ 15.8% |
| Other operating charges640/8 | - | €3,878 | €2,995 | €3,463 | €5,909 | ▲ 70.6% |
| Gross operating margin9900 | €166,230 | €238,598 | €346,737 | €336,731 | €327,914 | ▼ 2.6% |
| Operating profit (loss)9901 | €123,756 | €190,345 | €300,023 | €288,493 | €284,294 | ▼ 1.5% |
| Financial income75/76B | - | €4,593 | €14,829 | €3,014 | €8,124 | ▲ 170% |
| Recurring financial income75 | €8,460 | €4,593 | €14,829 | €3,014 | €8,124 | ▲ 170% |
| Financial charges65/66B | - | €2,273 | €2,062 | €1,761 | €1,653 | ▼ 6.1% |
| Recurring financial charges65 | €1,254 | €2,273 | €2,062 | €1,761 | €1,653 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €130,962 | €192,666 | €312,791 | €289,745 | €290,764 | ▲ 0.4% |
| Income taxes67/77 | €26,858 | €57,051 | €100,674 | €92,814 | €93,264 | ▲ 0.5% |
| Profit (loss) for the period9904 | €104,104 | €135,614 | €212,117 | €196,931 | €197,501 | ▲ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €104,104 | €135,614 | €212,117 | €196,931 | €197,501 | ▲ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €717,601 | €861,569 | €834,900 | €971,200 | €1.0m | ▲ 4.8% |
| Fixed assets21/28 | €199,039 | €231,637 | €187,919 | €168,887 | €172,571 | ▲ 2.2% |
| Tangible fixed assets22/27 | €198,994 | €231,592 | €187,874 | €168,842 | €172,526 | ▲ 2.2% |
| Land and buildings22 | - | €62,125 | €54,329 | €63,393 | €53,105 | ▼ 16.2% |
| Plant, machinery and equipment23 | - | €135,666 | €116,497 | €103,537 | €85,030 | ▼ 17.9% |
| Furniture and vehicles24 | - | €33,801 | €17,047 | €1,912 | €34,391 | ▲ 1,699% |
| Financial fixed assets28 | €45 | €45 | €45 | €45 | €45 | = |
| Current assets29/58 | €518,562 | €629,932 | €646,982 | €802,312 | €845,029 | ▲ 5.3% |
| Amounts receivable after more than one year29 | - | €30,000 | €17,000 | €0 | - | - |
| Other amounts receivable291 | - | €30,000 | €17,000 | €0 | - | - |
| Stocks and contracts in progress3 | €8,221 | €22,000 | €4,500 | €0 | - | - |
| Stocks30/36 | - | €22,000 | €4,500 | €0 | - | - |
| Amounts receivable within one year40/41 | €15,588 | €65,172 | €55,796 | €51,327 | €68 | ▼ 99.9% |
| Trade receivables40 | - | €810 | €2,294 | €1,795 | €68 | ▼ 96.2% |
| Other amounts receivable41 | - | €64,362 | €53,502 | €49,533 | €0 | ▼ 100% |
| Current investments50/53 | €258,889 | €281,221 | €231,621 | €481,798 | €522,280 | ▲ 8.4% |
| Cash at bank and in hand54/58 | €230,776 | €227,473 | €330,892 | €264,749 | €317,637 | ▲ 20.0% |
| Deferred charges and accrued income490/1 | - | €4,066 | €7,173 | €4,438 | €5,044 | ▲ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €717,601 | €861,569 | €834,900 | €971,200 | €1.0m | ▲ 4.8% |
| Equity10/15 | €542,241 | €677,855 | €601,542 | €798,473 | €881,829 | ▲ 10.4% |
| Contributions10/11 | - | €15,773 | €15,773 | €15,773 | €15,773 | = |
| Reserves13 | €526,468 | €662,082 | €585,769 | €782,701 | €866,056 | ▲ 10.6% |
| Non-distributable reserves130/1 | - | €21,249 | €21,249 | €0 | - | - |
| Reserves not available under the articles1311 | - | €21,249 | €21,249 | €0 | - | - |
| Tax-exempt reserves132 | - | €3,902 | €3,902 | €3,902 | €3,902 | = |
| Distributable reserves133 | - | €636,931 | €560,618 | €778,798 | €862,154 | ▲ 10.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €156 | €156 | €156 | €156 | €156 | = |
| Provisions for liabilities and charges160/5 | - | €156 | €156 | €156 | €156 | = |
| Other liabilities and charges164/5 | - | €156 | €156 | €156 | €156 | = |
| Amounts payable17/49 | €175,204 | €183,558 | €233,202 | €172,570 | €135,616 | ▼ 21.4% |
| Amounts payable after more than one year17 | €94,343 | €111,880 | €88,531 | €67,120 | €45,535 | ▼ 32.2% |
| Financial debts170/4 | - | €111,880 | €88,531 | €67,120 | €45,535 | ▼ 32.2% |
| Amounts payable within one year42/48 | €79,184 | €70,576 | €143,693 | €104,609 | €77,080 | ▼ 26.3% |
| Current portion of amounts payable after more than one year42 | - | €45,379 | €35,054 | €21,411 | €21,585 | ▲ 0.8% |
| Trade debts44 | €28,221 | €4,277 | €24,379 | €7,696 | €23,157 | ▲ 201% |
| Suppliers440/4 | - | €4,277 | €24,379 | €7,696 | €23,157 | ▲ 201% |
| Taxes, remuneration and social security45 | - | €20,920 | €84,260 | €75,502 | €13,386 | ▼ 82.3% |
| Taxes450/3 | - | €20,920 | €84,260 | €75,502 | €13,386 | ▼ 82.3% |
| Other amounts payable47/48 | - | - | - | - | €18,951 | - |
| Accrued charges and deferred income492/3 | - | €1,102 | €978 | €841 | €13,001 | ▲ 1,446% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,104 | €135,614 | €212,117 | €196,931 | €197,501 | ▲ 0.3% |
| + Depreciation and write-downs630 | €38,851 | €44,375 | €43,718 | €44,775 | €37,711 | ▼ 15.8% |
| Operating cash flow (approximation) | €142,955 | €179,989 | €255,835 | €241,707 | €235,212 | ▼ 2.7% |
| Investment in fixed assets (approximation) | - | -€76,973 | €0 | -€25,744 | -€41,395 | ▼ 60.8% |
| Change in cash | - | -€3,303 | €103,418 | -€66,143 | €52,888 | ▲ 180% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €212,117 ▲56.4%
Operating result €300,023, net result €212,117, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €104,104
Net result €104,104 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €542,241 ▲23.8%
Equity rises from €438,137 to €542,241.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€7,952
Net result drops to -€7,952, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 9.58
Current ratio from 2.98 to 9.58; short-term debt falls from €252,285 to €43,307.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Leuven · 1 establishment unit since 1993
Ground area
307 m²
Building footprint
109 m²
Volume, LiDAR
990 m³
Parcel 24051A0074/00E000, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Domeinstraat 102, 3010 Leuven
since 19932.286.082.340
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24051A0074/00E000 | Flanders | 307 m² | 1 · 109 m² | 13.0 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded04-06-1993
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450258063
Also
9925:BE0450258063
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.