ACTIVE

IGEPA BELUX

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Financial year 2019 · closed on 31/12/2019

Net result

744 k €

-45.6% YoY

Revenue

148,8 M €

-2.4% YoY

Equity

24,3 M €

-0.1% YoY

Workforce

279,7 ETP

-1.5% YoY

What does IGEPA BELUX do?

IGEPA BELUX is a Public limited company incorporated in 1977. Its main activity is: Wholesale of other household goods. Its registered office is in Aalter. It employs on average 279,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.723.381

Incorporation

03/01/1977

Legal form

Public limited company

Registered office

Nijverheidslaan 4
9880 Aalter · FlandreSee on map

Latest accounts

31/12/2019

Average workforce

279,7 ETP

Activities (NACE)

46493Wholesale of other household goods· main 46493Wholesale of other household goods 51475Air transport

Joint committees (3)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	148,8 M €	-2.4%	152,5 M €	+25.8%	121,2 M €	-3.0%	125 M €	+1.6%	123 M €	+0.0%	123 M €	-0.4%	123,5 M €	+0.6%	122,7 M €	+4.1%	117,9 M €	+5.3%	112 M €	-14.7%	131,2 M €
EBITDA	2,3 M €	-6.1%	2,4 M €	+18.0%	2,1 M €	-37.2%	3,3 M €	+23.2%	2,7 M €	+60.5%	1,7 M €	+2.7%	1,6 M €	-53.6%	3,5 M €	+17.9%	3 M €	-15.5%	3,5 M €	+12.1%	3,1 M €
Operating result	446,1 k €	-40.8%	754 k €	+168%	281 k €	-79.9%	1,4 M €	+97.5%	707,2 k €	+146%	287 k €	+103%	141,2 k €	-95.2%	2,9 M €	+17.0%	2,5 M €	+127%	1,1 M €	-59.0%	2,7 M €
Net result	744 k €	-45.6%	1,4 M €	+95.9%	698,2 k €	+263%	-428,6 k €	-187%	493,4 k €	+664%	-87,6 k €	-107%	1,2 M €	-10.6%	1,4 M €	-9.6%	1,5 M €	+6.9%	1,4 M €	-66.4%	4,3 M €
Balance sheet
Equity	24,3 M €	-0.1%	24,3 M €	+22.7%	19,8 M €	+3.7%	19,1 M €	+9.0%	17,5 M €	+2.9%	17 M €	-0.5%	17,1 M €	-1.8%	17,4 M €	+8.7%	16 M €	+3.5%	15,5 M €	-6.7%	16,6 M €
Total assets	71,6 M €	+0.2%	71,5 M €	+2.9%	69,5 M €	-12.9%	79,7 M €	-6.2%	85 M €	+6.5%	79,8 M €	+12.3%	71,1 M €	+11.1%	64 M €	+3.5%	61,8 M €	-7.6%	66,9 M €	-5.0%	70,4 M €
Cash	913,1 k €	+240%	268,4 k €	+98.7%	135,1 k €	-48.1%	260,2 k €	-80.8%	1,4 M €	-62.5%	3,6 M €	+41.8%	2,6 M €	+20.5%	2,1 M €	+22.4%	1,7 M €	-48.3%	3,3 M €	+23.4%	2,7 M €
Debts	45,3 M €	+1.3%	44,7 M €	-8.0%	48,6 M €	-18.2%	59,4 M €	-10.6%	66,4 M €	+8.4%	61,3 M €	+17.3%	52,3 M €	+14.7%	45,5 M €	+2.0%	44,7 M €	-12.1%	50,8 M €	-4.7%	53,3 M €
Other
Workforce	279,7 ETP	-1.5%	283,9 ETP	+46.2%	194,2 ETP	+0.9%	192,5 ETP	+3.4%	186,2 ETP	+0.2%	185,9 ETP	+3.0%	180,4 ETP	+2.9%	175,3 ETP	+3.2%	169,8 ETP	+9.5%	155,1 ETP	+0.3%	154,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2019 · 4 active · 36 ended

Active mandates

Alexander Kamenz

Chairman of the board of directors · since 12 juin 2018 · until 26 mai 2021

Active

Dirk Martens

Managing director · since 12 juin 2018 · until 26 mai 2021

Active

Elmar Schätzlein

Director · since 12 juin 2018 · until 26 mai 2021

Active

MINDSHIFT

Managing director · since 12 juin 2018 · until 26 mai 2021 · 0474.443.331

Represented by Dirk Salens

Active

Ended mandates

Ingo Osterheld

Director · since 12 juin 2018 · until 25 octobre 2018

Ended

MINDSHIFT

Managing director · since 12 juin 2018 · until 26 mai 2021 · 0474.443.331

Represented by Dirk Salens

Ended

Dirk Martens

Managing director · since 01 novembre 2015 · until 02 mai 2018

Ended

Alexander Kamenz

Chairman of the board of directors · since 22 janvier 2014 · until 17 juin 2015

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2025	02/07/2024	26/06/2023	23/06/2022	23/06/2021	15/06/2020
General meeting	25/06/2025	19/06/2024	21/06/2023	25/05/2022	26/05/2021	27/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

40 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	25/06/2025	26/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	25/06/2025	26/06/2025	Dutch	PDF
Full model	31/12/2023	19/06/2024	02/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	19/06/2024	02/07/2024	Dutch	PDF
Full model	31/12/2022	21/06/2023	26/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	21/06/2023	22/06/2023	Dutch	PDF
Full model	31/12/2021	25/05/2022	23/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	25/05/2022	16/06/2022	Dutch	PDF
Full model	31/12/2020	26/05/2021	23/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	26/05/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	27/05/2020	15/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	27/05/2020	15/06/2020	Dutch	PDF
Full model	31/12/2018	05/06/2019	18/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	05/06/2019	17/06/2019	Dutch	PDF
Full modelCorrection	31/12/2017	12/06/2018	05/07/2018	Dutch	PDF
Full model	31/12/2017	12/06/2018	25/06/2018	Dutch	PDF
Consolidated accountsCorrection	31/12/2017	12/06/2018	05/07/2018	Dutch	PDF
Consolidated accounts	31/12/2017	12/06/2018	21/06/2018	Dutch	PDF
Full model	31/12/2016	24/05/2017	21/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	24/05/2017	21/06/2017	Dutch	PDF
Full model	31/12/2015	04/07/2016	11/07/2016	Dutch	PDF
Consolidated accounts	31/12/2015	04/07/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	17/06/2015	17/07/2015	Dutch	PDF
Consolidated accounts	31/12/2014	17/06/2015	17/07/2015	Dutch	PDF

View all 40 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Discover the Business plan

Disclaimer

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

Governance

Board of directors

Seen on filing of 31/12/2019 · 4 active · 36 ended

Active mandates

Alexander Kamenz

Chairman of the board of directors · since 12 juin 2018 · until 26 mai 2021

Active

Dirk Martens

Managing director · since 12 juin 2018 · until 26 mai 2021

Active

Elmar Schätzlein

Director · since 12 juin 2018 · until 26 mai 2021

Active

MINDSHIFT

Managing director · since 12 juin 2018 · until 26 mai 2021 · 0474.443.331

Represented by Dirk Salens

Active

Ended mandates

Ingo Osterheld

Director · since 12 juin 2018 · until 25 octobre 2018

Ended

MINDSHIFT

Managing director · since 12 juin 2018 · until 26 mai 2021 · 0474.443.331

Represented by Dirk Salens

Ended

Dirk Martens

Managing director · since 01 novembre 2015 · until 02 mai 2018

Ended

Alexander Kamenz

Chairman of the board of directors · since 22 janvier 2014 · until 17 juin 2015

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other24/10/2023
DOEL
PDF
Other15/09/2023
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

01/01/2026
nominationAPEX+ BV — bestuurder
31/05/2025
nominationBernd Reckmann — bestuurder
18/09/2024
nominationAlexander Kamenz — Voorzitter en bestuurder
18/09/2024
nominationDirk Salens — Gedelegeerd bestuurder (via MinDShift bv)
18/09/2024
nominationUwe Müller — Bestuurder
18/09/2024
nominationStephan Krauss — Bestuurder
19/06/2024
reconductionAlexander Kamenz — bestuurder
19/06/2024
reconductionUwe Müller — bestuurder
19/06/2024
reconductionStephan Krauss — bestuurder
19/06/2024
reconductionMinDShift bv — bestuurder
19/06/2024
reconductionBV BDO Bedrijfsrevisoren — commissaris-revisor
11/06/2024
reconductionAlexander Kamenz — voorzitter van de raad van bestuur
11/06/2024
reconductionMinDShift bv — gedelegeerd bestuurder
01/11/2023
nominationStephan Krauss — bestuurder
25/05/2022
nominationUwe MÜLLER — bestuurder
2019
Annual accounts 2019744 k €↓
2018
Annual accounts 20181,4 M €↑
2016
Annual accounts 2016698,2 k €↑
2015
Annual accounts 2015-428,6 k €↓
2014
Annual accounts 2014493,4 k €↑
2013
Annual accounts 2013-87,6 k €↓
2012
Annual accounts 20121,2 M €↓
2011
Annual accounts 20111,4 M €↓
2010
Annual accounts 20101,5 M €↑
2009
Annual accounts 20091,4 M €↓
2008
Annual accounts 20084,3 M €
03/01/1977
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IGEPA BELUX

Overview

What does IGEPA BELUX do?

Trend over 11 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline