OPENING OF BANKRUPTCY

IPSIIS Green Refractory Solutions Europe

Company — Opening of bankruptcy.

Financial year 2023 · Closed on 31/12/2023

Net result-213,6 k €+36,3 %over 1 year
Gross margin65,2 k €+200,4 %over 1 year
Equity-70,6 k €-143,8 %over 1 year
Workforce3,5 ETP+25,0 %over 1 year

Identity

Source · BCE/KBO

IPSIIS Green Refractory Solutions Europe is a Public limited company incorporated in 2021. Its main activity is: Manufacture of other technical ceramic products. Its registered office is in Frameries. It employs on average 3,5 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0764.802.339
Incorporation
09/03/2021
Legal form
Public limited company
Registered office
Rue Achile Degrace 1 box A
7080 Frameries · WallonieSee on map
Contributed capital
800 000,00 €
Latest accounts
31/12/2023
Average workforce
3,5 ETP
Joint committees (1)
  • 113 200
Signals
Healthy social debts

Financials

Source · NBB, 3 filings

Trend over 3 financial years

202320222021
Income statement
Gross margin65,2 k €-64,9 k €-292,5 k €
EBITDA-110,3 k €-242,9 k €-408,3 k €
Operating result-220 k €-346,8 k €-445,3 k €
Net result-213,6 k €-335,5 k €-451,2 k €
Balance sheet
Equity-70,6 k €161,1 k €348,8 k €
Total assets1 M €1,3 M €1,3 M €
Cash4 k €263,1 k €256 k €
Debts1,1 M €1,1 M €913,5 k €
Other
Workforce3,5 ETP2,8 ETP2,4 ETP

Board of directors

Source · NBB, accounts to 31/12/2023

2 active · 4 ended

Active mandates

IPSIIS SAS

Director · since 09 mars 2021 · 0753.781.357

Represented by Yves CORFEC

Active
SAMANDA

Director · until 17 avril 2024 · 0480.028.848

Represented by TURCK FRANCINE

Active

Ended mandates

IPSIIS SAS

Director · since 09 mars 2021

Represented by LE CORFEC YVES

Ended
SAMANDA

Director · since 09 mars 2021 · 0480.028.848

Represented by TURCK FRANCINE

Ended
IPSIIS S.A.S

Director · since 08 mars 2021

Represented by Le CORFEC YVES

Ended
SAMANDA

Director · since 08 mars 2021 · 0480.028.848

Represented by Turck FRANCINE

Ended

Other companies at this address

Rue Achile Degrace 1 7080 Frameries
CompanyCBE no.
1028.115.371
TLD LEBRUN● Active
0421.297.922

Full financial information

Source · NBB
202320222021
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202301/01/202208/03/2021
Closing of the financial year31/12/202331/12/202231/12/2021
Length of the financial year12 months12 months10 months
Filing date25/06/202402/06/202309/06/2022
General meeting15/05/202419/04/202311/05/2022
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 3 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202315/05/202425/06/2024FrenchPDF
Abridged model31/12/202219/04/202302/06/2023FrenchPDF
Abridged model31/12/202111/05/202209/06/2022FrenchPDF

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

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Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2023

2 active · 4 ended

Active mandates

IPSIIS SAS

Director · since 09 mars 2021 · 0753.781.357

Represented by Yves CORFEC

Active
SAMANDA

Director · until 17 avril 2024 · 0480.028.848

Represented by TURCK FRANCINE

Active

Ended mandates

IPSIIS SAS

Director · since 09 mars 2021

Represented by LE CORFEC YVES

Ended
SAMANDA

Director · since 09 mars 2021 · 0480.028.848

Represented by TURCK FRANCINE

Ended
IPSIIS S.A.S

Director · since 08 mars 2021

Represented by Le CORFEC YVES

Ended
SAMANDA

Director · since 08 mars 2021 · 0480.028.848

Represented by Turck FRANCINE

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office09/09/2021
    SIEGE SOCIAL
    PDF
  • Other11/03/2021
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2023
    Annual accounts 2023-213,6 k €↑
  2. 2022
    Annual accounts 2022-335,5 k €↑
  3. 2021
    Annual accounts 2021-451,2 k €
  4. 09/03/2021
    IncorporationPublic limited company