Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
IPSIIS Green Refractory Solutions Europe from Frameries, company number BE0764802339, closed financial year 2023 with a result of € -213,607 after tax. For that financial year IPSIIS Green Refractory Solutions Europe recorded a gross margin of € 65,198 and equity of € -70,583. Compared with financial year 2022, the result moved from € -335,472 to € -213,607. 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 June 25, 2024.
€ -70,583
▼ € 231,651 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -213,607
▲ 36 % less loss than in 2022
Profit after tax over the fiscal year.
€ 3,961
▼ 98% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2023
3.5
▲ 0.7 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 174,932
▲ 2% vs 2022
€ 50,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 857
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 463,787
▼ 18% vs 2022
€ 114,987 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 115,231
▲ 26% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 18,202
▲ 23% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -292,548 | € -64,929 | € 65,198 | ▲ € 130,126 |
| Profit after taxes | € -451,168 | € -335,472 | € -213,607 | ▲ € 121,865 |
| Equity | € 348,832 | € 161,068 | € -70,583 | ▼ € 231,651 |
| Total debts | € 913,476 | € 1,149,325 | € 1,078,883 | ▼ 6% |
| Cash | € 255,995 | € 263,131 | € 3,961 | ▼ 98% |
| Retained profit | € -451,168 | € -786,640 | € -1,000,247 | ▼ € 213,607 |
| Bank debt | € 600,000 | € 562,666 | € 463,787 | ▼ 18% |
| Balance sheet total | € 1,262,308 | € 1,310,393 | € 1,008,300 | ▼ 23% |
| Employees (FTE) | 2.4 | 2.8 | 3.5 | ▲ 0.7 |
Key figures of IPSIIS Green Refractory Solutions Europe, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to IPSIIS Green Refractory Solutions Europe?
What happened at IPSIIS Green Refractory Solutions Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
IPSIIS Green Refractory Solutions Europe is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 213,607. Source: NBB ↗
- SAMANDA SA stepped down as director. NBB
- New establishment in Frameries. KBO
- IPSIIS SAS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 451,168 loss in 2021 to € 213,607 loss in 2023.
On average € 18,600 of value added per employee in 2023.
A new publication or filing at IPSIIS Green Refractory Solutions Europe? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of WE Environnement comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IPSIIS Green Refractory Solutions EuropeBehind IPSIIS Green Refractory Solutions Europe is IPSIIS SAS. The shares are held by IPSIIS SAS (62.5%), SA B.E. FIN (37.5%) and WE Environnement (37.5%).
Directors
According to the 2023 annual accounts
Director · represented by Yves CORFEC
since 2021
Director · represented by TURCK FRANCINE
Also active at: A.M.B., Floridienne, ORTIS, Barthel PAULS Fils - Barthel PAULS SOhne, RECYCLAGE ET VALORISATION TECHNIQUE, UPIGNAC, HOLZINDUSTRIE PAULS, ECOTERRES +39 more
· until 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Achile Degrace 1 box A
7080 Frameries
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
- 0764.802.339
- VAT number
- BE 0764.802.339
- Registered office
- Rue Achile Degrace 1 bus A, 7080 Frameries
- Names & denominations
- IPSIIS Green Refractory Solutions Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 9 March 2021
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van ander technisch aardewerk
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Overige gespecialiseerde wetenschappelijke en technische activiteiten