IPS
ActiveSummary
The annual accounts of IPS for fiscal year 2025 show a net loss of 64% of total assets and of 85% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-16k. Equity is shrinking by ~29.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 17% of 31694 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-36
Solvency36▼-43
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.85 against 1.68 in 2024; short-term debt: 89% and cash: 33.3% of total assets), and 89% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
11%
Return on assets
-64.1%
Age of the figures
14 mo
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
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
19202122232425
2019 to 2025 · latest year €-16k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 31694 sector peers (2025).
NBB · sector comparisonPosition among 31694 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 27-02-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
29 d late
2019
17 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close24-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 85.4%
2024 · €19k
2019: €49k
2020: €58k
2021: €38k
2022: €29k
2023: €20k
2024: €19k
2019 → 2025
Total assets
€25k▼ 28.3%
2024 · €35k
2019: €65k
2020: €74k
2021: €54k
2022: €50k
2023: €38k
2024: €35k
2019 → 2025
Net result
€-16k▼ 1,784%
2024 · €-853
2019: €23k
2020: €9k
2021: €-20k
2022: €-9k
2023: €-10k
2024: €-853
2019 → 2025
Working capital
€-3k
2024 · €11k
2019: €45k
2020: €49k
2021: €28k
2022: €19k
2023: €10k
2024: €11k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€29k▼ 23.0%€20k▼ 32.9%€19k▼ 4.3%€3k▼ 85.4%
Operating result€-21k-€-8k▲ 64.0%€-9k▼ 15.7%€-99▲ 98.9%€-15k▼ 15,451%
Net result€-20k-€-9k▲ 56.4%€-10k▼ 10.0%€-853▲ 91.1%€-16k▼ 1,784%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €99 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€6k ▼ 23.4%
Current assets
€19k ▼ 29.8%
Equity and liabilities €25k
Equity
€3k ▼ 85.4%
Debt
€22k ▲ 38.1%
Debt's share of the balance-sheet total rises from 46.2% to 89.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▼
2024 · €2k
Cash flow
€-14k▼
2024 · €1k
Current ratio
0.85▼
2024 · 1.68
Quick ratio
0.41▼
2024 · 0.50
Debt to equity
8.12▲
2024 · 0.86
ROE
-585.1%▼
2024 · -4.5%
ROA
-64.1%▼
2024 · -2.4%
Interest coverage
-20.14▼
2024 · 2.49
Debt ≤ 1 year
€22k▲
2024 · €16k
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€35k€25k▼
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€5k€3k▼
Land and buildings22€2k€1k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€3k€3k=
Current assets29/58€27k€19k▼
Stocks and contracts in progress3€19k€10k▼
Stocks30/36€19k€10k▼
Amounts receivable within one year40/41€266€215▼
Other amounts receivable41€266€215▼
Cash at bank and in hand54/58€7k€8k▲
Deferred charges and accrued income490/1€858€645▼
Equity and liabilities
Total equity and liabilities10/49€35k€25k▼
Equity10/15€19k€3k▼
Contributions10/11€19k€19k=
Reserves13€12k€12k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€-12k€-28k▼
Amounts payable17/49€16k€22k▲
Amounts payable within one year42/48€16k€22k▲
Trade debts44€668€2k▲
Suppliers440/4€668€2k▲
Taxes, remuneration and social security45€341€289▼
Taxes450/3€341€289▼
Other amounts payable47/48€15k€20k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Gross operating margin9900€2k€-14k▼
Operating profit (loss)9901€-99€-15k▼
Financial charges65/66B€754€673▼
Recurring financial charges65€754€673▼
Profit (loss) for the period before taxes9903€-853€-16k▼
Profit (loss) for the period9904€-853€-16k▼
Profit (loss) for the period to be appropriated9905€-853€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-28k▼
Profit (loss) brought forward from the previous period14P€-11k€-12k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
Financial
Weakest financial yearnet €-20k ▼331%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 17 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2017
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bree · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beukenhofstraat 113960 BreeGround area
1,619 m²
Building footprint
302 m²
Volume, LiDAR
2,390 m³
2 parcels, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Groenlaan 84, 9550 Herzele
since 20122.214.171.785
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72402B0480/00E000 | Flanders | 1,021 m² | 1 · 145 m² | 6.9 m · 2 fl. |
| 41027A0569/00L000 | Flanders | 598 m² | 1 · 157 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BAYEUX
BE 1006.840.402
Brussel · Eq €2,746
JEVA Projects
BE 0767.368.681
Affligem · Eq €2,749
ODYSSEE MANAGEMENT
BE 0786.787.685
Seraing · Eq €2,750
ESTIA MANAGEMENT
BE 0803.520.680
Jette · Eq €2,739
PRO CONSULTANCY
BE 0805.377.241
Zaventem · Eq €2,739
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 10,590 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-07-2003
Fiscal year end31-07
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.