Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
IPAS from Heusden-Zolder, company number BE0441721865, closed financial year 2025 with a result of € -105,464 after tax. For that financial year IPAS recorded a gross margin of € -37,616 and equity of € -38,242. Compared with financial year 2024, the result moved from € -14,185 to € -105,464. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -38,242
▼ € 105,464 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -105,464
▼ 643 % more loss than in 2024
Profit after tax over the fiscal year.
€ 31,052
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -165,242.
People and assets in 2025
€ 1,189
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 90,406
▲ € 87,279 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,469 | € 58,688 | € -13,511 | € -37,616 | ▼ € 24,105 |
| Profit after taxes | € -5,507 | € 37,916 | € -14,185 | € -105,464 | ▼ € 91,278 |
| Equity | € 43,491 | € 81,407 | € 67,222 | € -38,242 | ▼ € 105,464 |
| Total debts | € 39,553 | € 19,036 | € 17,510 | € 146,659 | ▲ € 129,148 |
| Cash | € 12 | € 53,313 | € 37,505 | € 31,052 | ▼ 17% |
| Retained profit | € -83,509 | € -45,593 | € -59,778 | € -165,242 | ▼ € 105,464 |
| Bank debt | € 5,065 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 83,044 | € 100,443 | € 84,732 | € 108,417 | ▲ 28% |
Key figures of IPAS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IPAS?
What happened at IPAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Etienne Schouterden stepped down as director. NBB
- Paul Boutsen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 105,464. filed late Source: NBB ↗
- Etienne Schouterden became a director. NBB
- Paul Boutsen became a director. NBB
- New establishment in Heusden-Zolder. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,507 loss in 2022 to € 105,464 loss in 2025.
Paid € 1,940 in corporate taxes since 2022.
Best year ever: 2023, with € 37,916 profit.
Management
The stake of transit_LAB comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IPASThe shares are held by transit_LAB (25%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2031
Shareholders
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rond Punt 7
3550 Heusden-Zolder
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.721.865
- VAT number
- BE 0441.721.865
- Registered office
- Rond Punt 7, 3550 Heusden-Zolder
- Names & denominations
- IPAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 August 1990
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Overige bouwinstallatie
Overige bouwinstallatie, n.e.g.