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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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
IPWal from Gembloux, company number BE0719836802, closed financial year 2025 with a result of € 17,145 after tax. For that financial year IPWal recorded a gross margin of € 114,522 and equity of € 107,320. Compared with financial year 2024, the result moved from € 108,940 to € 17,145. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 107,320
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,145
▼ 84% vs 2024
Profit after tax over the fiscal year.
€ 102,457
▲ € 98,767 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 101,020.
People and assets in 2025
€ 3,596
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 13% vs 2024
€ 105,342 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 81
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,599
▼ 83% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 130,712 | € 154,788 | € 197,831 | € 114,522 | ▼ 42% |
| Profit after taxes | € 33,345 | € 57,734 | € 108,940 | € 17,145 | ▼ 84% |
| Equity | € -76,499 | € -18,764 | € 90,176 | € 107,320 | ▲ 19% |
| Total debts | € 1,513,835 | € 1,335,183 | € 1,251,542 | € 1,038,391 | ▼ 17% |
| Cash | € 1,225 | € 17,645 | € 3,690 | € 102,457 | ▲ € 98,767 |
| Land & buildings | € 1,345,392 | € 1,280,129 | € 1,090,218 | € 1,029,165 | ▼ 6% |
| Retained profit | € -82,799 | € -25,064 | € 83,876 | € 101,020 | ▲ 20% |
| Bank debt | € 1,406,943 | € 1,296,845 | € 1,184,899 | € 1,031,448 | ▼ 13% |
| Balance sheet total | € 1,437,336 | € 1,316,419 | € 1,341,718 | € 1,145,712 | ▼ 15% |
Key figures of IPWal, 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 IPWal?
What happened at IPWal in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,145 (▼ 84% vs 2024). Source: NBB ↗
- J Square Studio SRL became a director. NBB
- Pierre GAUTHY stepped down as director. NBB
- New establishment in Gembloux. KBO
- Pierre GAUTHY became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 33,345 profit in 2022 to € 17,145 profit in 2025.
Paid € 5,745 in corporate taxes since 2022.
Best year ever: 2024, with € 108,940 profit.
Management
Behind IPWal is J Square Studio SRL.
Directors
According to the 2025 annual accounts
Director · represented by Julien Henricot, Julien Bergiers, Jonathan Bouillet
since 2026
Establishments
Establishment units
Physical locations of this company
Rue des Haipes,Sauv. 13
5030 Gembloux
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0719.836.802
- VAT number
- BE 0719.836.802
- Registered office
- Rue des Haipes,Sauv. 13, 5030 Gembloux
- Names & denominations
- IPWal
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 2019
- Peppol
- Active · Active since 10 Jun 2026
- Activities · NACE
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Overige gespecialiseerde wetenschappelijke en technische activiteiten
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Installatie van isolatie
Algemene bouw van residentiële gebouwen
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Handel in eigen onroerend goed
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