IP MODUS
ActiveSummary
IP MODUS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €33k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+3
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 5.68 against 2.94 in 2024; short-term debt: 17.4% and cash: 80.9% of total assets), and 17.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
82.6%
Return on assets
17.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
34 d early
2023
35 d early
2022
18 d late
2021
31 d late
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€151k▲ 3.3%
2024 · €146k
2018: €57klowest in 8 years
2019: €76k▲ +34.6% vs 2018
2020: €104k▲ +36.9% vs 2019
2021: €106k▲ +1.6% vs 2020
2022: €100k▼ -5.3% vs 2021
2023: €124k▲ +23.2% vs 2022
2024: €146k▲ +18.3% vs 2023
2025: €151k▲ +3.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€183k▼ 16.7%
2024 · €220k
2018: €265khighest in 8 years
2019: €170k▼ -35.9% vs 2018lowest in 8 years
2020: €220k▲ +29.7% vs 2019
2021: €208k▼ -5.6% vs 2020
2022: €222k▲ +6.8% vs 2021
2023: €214k▼ -3.6% vs 2022
2024: €220k▲ +2.6% vs 2023
2025: €183k▼ -16.7% vs 2024
2018 → 2025
Net result
€33k▼ 1.6%
2024 · €33k
2018: €17klowest in 8 years
2019: €45k▲ +163% vs 2018
2020: €63k▲ +41.5% vs 2019highest in 8 years
2021: €22k▼ -65.7% vs 2020
2022: €43k▲ +97.8% vs 2021
2023: €23k▼ -45.7% vs 2022
2024: €33k▲ +42.4% vs 2023
2025: €33k▼ -1.6% vs 2024
2018 → 2025
Working capital
€149k▲ 4.4%
2024 · €143k
2018: €34klowest in 8 years
2019: €61k▲ +77.3% vs 2018
2020: €95k▲ +56.4% vs 2019
2021: €102k▲ +7.2% vs 2020
2022: €84k▼ -18.1% vs 2021
2023: €114k▲ +36.1% vs 2022
2024: €143k▲ +25.4% vs 2023
2025: €149k▲ +4.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€100k▼ 5.3%€124k▲ 23.2%€146k▲ 18.3%€151k▲ 3.3%
2021: €106k
2022: €100k▼ -5.3% vs 2021lowest in 5 years
2023: €124k▲ +23.2% vs 2022
2024: €146k▲ +18.3% vs 2023
2025: €151k▲ +3.3% vs 2024highest in 5 years
Operating result€57k-€89k▲ 54.8%€70k▼ 20.9%€50k▼ 29.5%€50k▲ 1.3%
2021: €57k
2022: €89k▲ +54.8% vs 2021highest in 5 years
2023: €70k▼ -20.9% vs 2022
2024: €50k▼ -29.5% vs 2023lowest in 5 years
2025: €50k▲ +1.3% vs 2024
Net result€22k-€43k▲ 97.8%€23k▼ 45.7%€33k▲ 42.4%€33k▼ 1.6%
2021: €22klowest in 5 years
2022: €43k▲ +97.8% vs 2021highest in 5 years
2023: €23k▼ -45.7% vs 2022
2024: €33k▲ +42.4% vs 2023
2025: €33k▼ -1.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€2k ▼ 39.2%
Current assets
€181k ▼ 16.3%
Equity and liabilities €183k
Equity
€151k ▲ 3.3%
Debt
€32k ▼ 56.6%
Debt's share of the balance-sheet total falls from 33.4% to 17.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53k▼
2024 · €56k
Cash flow
€36k▼
2024 · €39k
Current ratio
5.68▲
2024 · 2.94
Debt to equity
0.21▼
2024 · 0.50
ROE
21.6%▼
2024 · 22.6%
ROA
17.8%▲
2024 · 15.1%
Interest coverage
323.96▼
2024 · 341.67
Debt ≤ 1 year
€32k▼
2024 · €73k
Income taxes
€18k▲
2024 · €16k
Staff costs
€237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€220k€183k▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€216k€181k▼
Stocks and contracts in progress3€6k-
Stocks30/36€6k-
Amounts receivable within one year40/41€20k€32k▲
Trade receivables40€19k€32k▲
Other amounts receivable41€2k€317▼
Cash at bank and in hand54/58€190k€148k▼
Deferred charges and accrued income490/1€153€300▲
Equity and liabilities
Total equity and liabilities10/49€220k€183k▼
Equity10/15€146k€151k▲
Contributions10/11€19k€19k=
Reserves13€118k€123k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€116k€123k▲
Profit (loss) carried forward14€9k€10k▲
Amounts payable17/49€73k€32k▼
Amounts payable within one year42/48€73k€32k▼
Trade debts44€21k€22k▲
Suppliers440/4€21k€22k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Remuneration and social security454/9-€18
Other amounts payable47/48€44k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€237
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€505-
Other operating charges640/8€290€124▼
Gross operating margin9900€57k€54k▼
Operating profit (loss)9901€50k€50k▲
Financial income75/76B-€160
Recurring financial income75-€160
Financial charges65/66B€163€165▲
Recurring financial charges65€163€165▲
Profit (loss) for the period before taxes9903€49k€50k▲
Income taxes67/77€16k€18k▲
Profit (loss) for the period9904€33k€33k▼
Profit (loss) for the period to be appropriated9905€33k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€42k▼
Profit (loss) brought forward from the previous period14P€9k€9k=
Transfer from equity791/2-€28k
Transfer to equity691/2€23k€32k▲
To other reserves6921€23k€32k▲
Profit to be distributed694/7€11k€28k▲
Return on contributions (dividend)694€11k€28k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €237 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €5k | €7k | €6k | €3k | ▼ 50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €718 | €505 | - | - |
| Other operating charges640/8 | €651 | €478 | €247 | €290 | €124 | ▼ 57.1% |
| Gross operating margin9900 | €67k | €94k | €78k | €57k | €54k | ▼ 5.1% |
| Operating profit (loss)9901 | €57k | €89k | €70k | €50k | €50k | ▲ 1.3% |
| Financial income75/76B | €0 | €0 | €157 | - | €160 | - |
| Recurring financial income75 | €0 | €0 | €157 | - | €160 | - |
| Financial charges65/66B | €25k | €30k | €34k | €163 | €165 | ▲ 0.8% |
| Recurring financial charges65 | €25k | €30k | €34k | €163 | €165 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €32k | €59k | €37k | €49k | €50k | ▲ 1.6% |
| Income taxes67/77 | €11k | €16k | €13k | €16k | €18k | ▲ 8.2% |
| Profit (loss) for the period9904 | €22k | €43k | €23k | €33k | €33k | ▼ 1.6% |
| Profit (loss) for the period to be appropriated9905 | €22k | €43k | €23k | €33k | €33k | ▼ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208k | €222k | €214k | €220k | €183k | ▼ 16.7% |
| Fixed assets21/28 | €4k | €17k | €10k | €4k | €2k | ▼ 39.2% |
| Tangible fixed assets22/27 | €4k | €17k | €10k | €4k | €2k | ▼ 39.2% |
| Furniture and vehicles24 | €4k | €17k | €10k | €4k | €2k | ▼ 39.2% |
| Financial fixed assets28 | €65 | - | - | - | - | - |
| Current assets29/58 | €204k | €205k | €204k | €216k | €181k | ▼ 16.3% |
| Stocks and contracts in progress3 | €6k | €6k | €6k | €6k | - | - |
| Stocks30/36 | €6k | €6k | €6k | €6k | - | - |
| Amounts receivable within one year40/41 | €57k | €55k | €46k | €20k | €32k | ▲ 61.9% |
| Trade receivables40 | €48k | €45k | €44k | €19k | €32k | ▲ 73.3% |
| Other amounts receivable41 | €9k | €9k | €2k | €2k | €317 | ▼ 78.9% |
| Cash at bank and in hand54/58 | €140k | €141k | €149k | €190k | €148k | ▼ 22.1% |
| Deferred charges and accrued income490/1 | €763 | €3k | €3k | €153 | €300 | ▲ 95.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208k | €222k | €214k | €220k | €183k | ▼ 16.7% |
| Equity10/15 | €106k | €100k | €124k | €146k | €151k | ▲ 3.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €51k | €72k | €96k | €118k | €123k | ▲ 3.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | - | - |
| Distributable reserves133 | €49k | €71k | €94k | €116k | €123k | ▲ 5.2% |
| Profit (loss) carried forward14 | €37k | €9k | €9k | €9k | €10k | ▲ 6.4% |
| Amounts payable17/49 | €102k | €122k | €90k | €73k | €32k | ▼ 56.6% |
| Amounts payable within one year42/48 | €102k | €122k | €90k | €73k | €32k | ▼ 56.6% |
| Current portion of amounts payable after more than one year42 | €7k | €5k | - | - | - | - |
| Trade debts44 | €41k | €35k | €24k | €21k | €22k | ▲ 3.1% |
| Suppliers440/4 | €41k | €35k | €24k | €21k | €22k | ▲ 3.1% |
| Taxes, remuneration and social security45 | €10k | €2k | €1k | €8k | €7k | ▼ 12.5% |
| Taxes450/3 | €10k | €2k | €1k | €8k | €7k | ▼ 12.8% |
| Remuneration and social security454/9 | - | - | - | - | €18 | - |
| Other amounts payable47/48 | €44k | €80k | €66k | €44k | €3k | ▼ 93.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €43k | €23k | €33k | €33k | ▼ 1.6% |
| + Depreciation and write-downs630 | €9k | €5k | €7k | €6k | €3k | ▼ 50.0% |
| Operating cash flow (approximation) | €31k | €48k | €31k | €39k | €36k | ▼ 9.3% |
| Investment in fixed assets (approximation) | - | €-18k | €-359 | €0 | €-2k | - |
| Change in cash | - | €921 | €8k | €41k | €-42k | ▼ 204% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €151k ▲3.3%
8 profitable years in a row build equity to €151k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €63k ▲41.5%
Operating result €102k, net result €63k, both a record.
31-12
Financial
Equity above €100kEq €104k ▲36.9%
3 profitable years in a row build equity to €104k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 1 establishment unit since 2002
Ground area
1,685 m²
Building footprint
157 m²
Volume, LiDAR
726 m³
Parcel 25763I0542/00A000, Wallonia · tallest building 5.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IP MODUS
since 20022.114.430.843
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763I0542/00A000 | Wallonia | 1,684 m² | 1 · 157 m² | 5.7 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900PO2BXNDH1T5U29
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,801 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
Founded16-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.