Checked.be
Active
BE 0686.983.197Private limited company
I & P Partners
Clara Snellingsstraat 40 ·2100 Antwerpen, Belgium· 8 yrs active
Sector: Activities of building architects
(71111)
Conclusion
I & P Partners has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €190k and a net result of €-75k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 11619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €190k |
| Net result | €-75k |
| Better than sector | 22% |
| Active | 8 yrs |
Financial profile
52
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
47
Profitability
4
Solvency
55
Growth
55
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
47
/ 100
Fair
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€9k
estimate, not credit advice
Score history
88
2022
91
2023
47
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.08 (≥ 1.5)
+10
Leverage
Debt/equity 3.31 (> 3.0)
-10
Profitability
Negatieve ROE -39%
-10
EBITDA margin
EBITDA-marge 1%
+2
Interest coverage
Interest coverage 3.5× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-12-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~5.1%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 23.2% | 54.7% | |
| Net result | €-75k | €15k | |
| Equity | €190k | €67k | |
| Gross operating margin | €214k | €40k | |
| Staff costs | €174k | €31k |
€2.49M
+18.8%
22-24
€14k
-86.8%
22-24
€-75k
-
22-24
€-24k
-
22-24
€821k
+14.6%
22-24
€190k
-28.1%
22-24
€355k
+100.8%
22-24
€174k
+140.0%
22-24
€34k
+244.4%
22-24
€631k
+39.7%
22-24
€327k
-22.1%
22-24
€303k
+868.0%
22-24
2.08
+46.7%
22-24
0.63
-55.3%
22-24
23.2%
-37.3%
22-24
3.31
+94.4%
22-24
-39.2%
-
22-24
-9.1%
-
22-24
-3.0%
-
22-24
0.6%
-88.9%
22-24
3.50
-92.5%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | €2.49M | €2.10M | €1.44M |
| EBITDA | €14k | €106k | €88k |
| Net profit | €-75k | €53k | €45k |
| Cash flow | €-24k | €94k | €76k |
| Staff costs | €174k | €72k | €42k |
| Income taxes | €34k | €10k | €11k |
| Dividends | - | - | - |
| Total assets | €821k | €716k | €460k |
| Equity | €190k | €265k | €212k |
| Debt | €631k | €451k | €247k |
| of which ≤ 1y | €327k | €420k | €158k |
| of which > 1y | €303k | €31k | €46k |
| Working capital | €355k | €177k | €226k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 2.08 | 1.42 | 2.43 |
| Quick ratio | 0.63 | 1.42 | 2.43 |
| Working capital ratio | 43.2% | 24.7% | 49.3% |
| Solvency | 23.2% | 37.0% | 46.2% |
| Debt / equity | 3.31 | 1.70 | 1.17 |
| Long-term debt ratio | 1.59 | 0.12 | 0.22 |
| Interest coverage | 3.50 | 46.72 | 75.71 |
| Gross margin | 7.4% | 8.5% | 9.2% |
| Net margin | -3.0% | 2.5% | 3.1% |
| ROA | -9.1% | 7.4% | 9.8% |
| ROE | -39.2% | 19.9% | 21.3% |
| EBITDA margin | 0.6% | 5.1% | 6.1% |
| Days sales outstanding | 14d | 74d | 77d |
| Days payable outstanding | 13d | 64d | 25d |
| Inventory turnover | 4.87 | - | - |
| Days inventory (DSI) | 75d | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €821k | €716k | €460k |
| Fixed assets | 21/28 | €139k | €120k | €75k |
| Tangible fixed assets | 22/27 | €138k | €118k | €74k |
| Financial fixed assets | 28 | €1k | €1k | €1k |
| Current assets | 29/58 | €682k | €597k | €384k |
| Stocks & contracts in progress | 3 | €474k | - | - |
| Amounts receivable within one year | 40/41 | €141k | €511k | €356k |
| Cash & bank | 54/58 | €67k | €86k | €29k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €821k | €716k | €460k |
| Equity | 10/15 | €190k | €265k | €212k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €170k | €244k | €192k |
| Amounts payable | 17/49 | €631k | €451k | €247k |
| Amounts payable after one year | 17 | €303k | €31k | €46k |
| Amounts payable within one year | 42/48 | €327k | €420k | €158k |
| Trade debts payable within one year | 44 | €85k | €337k | €90k |
| Income statement | ||||
| Turnover | 70 | €2.49M | €2.10M | €1.44M |
| Gross operating margin | 9900 | €214k | €180k | €133k |
| Operating result | 9901 | €-36k | €65k | €57k |
| Financial income | 75 | €170 | €279 | €29 |
| Financial charges | 65 | €4k | €2k | €1k |
| Result before taxes | 9903 | €-40k | €63k | €56k |
| Income taxes | 67/77 | €34k | €10k | €11k |
| Net result for the period | 9904 | €-75k | €53k | €45k |
| Result to be appropriated | 9905 | €-75k | €53k | €45k |
Legal Structure
| NACE primary | Activities of building architects(71111) |
| Legal form | Private limited company(610) |
| Incorporation | 02-01-2018 |
| Status | Active |
| Postal code | 2100 |
Establishment units
I & P Partners
since 20182.273.375.835
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0568/00E003 | Flanders | 166 m² | 1 · 81 m² | 7.8 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
25-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 147 days late
2024
31-12
Financial
Weakest financial yearnet €-75k ▼241%
Net result drops to €-75k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €53k ▲16.6%
Operating result €65k, net result €53k, both a record.
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 270 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
General construction of residential buildings41001Activities of building architects71111
Names & trade names
| Legal nameNL | I & P Partners |
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