ACTIVE

Industry Project and Engineering Systems

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Financial year 2025 · Closed on 30/11/2025

Net result717,1 k €-44,7 %over 1 year

Revenue26,2 M €-16,6 %over 1 year

Equity5,1 M €+2,3 %over 1 year

Workforce7,7 ETP+16,7 %over 1 year

Identity

Source · BCE/KBO

Industry Project and Engineering Systems is a Public limited company incorporated in 1980. Its main activity is: Construction of buildings. Its registered office is in Gent. It employs on average 7,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0420.836.676
Incorporation: 16/10/1980
Legal form: Public limited company
Registered office: Kortrijksesteenweg 1097 box D
9051 Gent · FlandreSee on map
Contributed capital: 1 017 550,00 €
Latest accounts: 30/11/2025
Average workforce: 7,7 ETP

Activities (NACE)

41003Construction of buildings· main 41203Construction of residential and non-residential buildings 45213Maintenance and repair of motor vehicles 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities

Joint committees (3)

2000
20018
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	26,2 M €	-16.6%	31,5 M €	-3.3%	32,5 M €	+15.5%	28,2 M €	+55.4%	18,1 M €
EBITDA	1 M €	-15.3%	1,2 M €	-63.6%	3,4 M €	+165%	1,3 M €	-35.8%	2 M €
Operating result	964,5 k €	-43.5%	1,7 M €	-48.9%	3,3 M €	+171%	1,2 M €	-36.6%	1,9 M €
Net result	717,1 k €	-44.7%	1,3 M €	-45.8%	2,4 M €	+201%	796,6 k €	-42.6%	1,4 M €
Balance sheet
Equity	5,1 M €	+2.3%	5 M €	+11.1%	4,5 M €	+55.6%	2,9 M €	+7.3%	2,7 M €
Total assets	15,2 M €	+12.9%	13,4 M €	-14.3%	15,7 M €	-18.6%	19,3 M €	+49.4%	12,9 M €
Cash	2,6 M €	-5.6%	2,8 M €	-35.5%	4,3 M €	-1.1%	4,4 M €	+108%	2,1 M €
Debts	10,1 M €	+19.2%	8,5 M €	-24.4%	11,2 M €	-31.7%	16,4 M €	+60.5%	10,2 M €
Other
Workforce	7,7 ETP	+16.7%	6,6 ETP	0.0%	6,6 ETP	-5.7%	7,0 ETP	-2.8%	7,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/11/2025

1 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LEXXUS0444.630.974Represented by Louis Lannoo	Managing directorsince 05/05/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HESTIA INVEST0762.504.825Represented by Louis Lannoo	Managing director25/05/2021 → 2024 accountsDirector25/05/2021 → 2022 accounts

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Kortrijksesteenweg 1097 9051 Gent

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TM BOSTOEN-IPES Zedelgem● Active	1014.924.757
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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/04/2026	25/04/2025	19/04/2024	05/05/2023	22/04/2022	22/04/2021
General meeting	16/04/2026	17/04/2025	18/04/2024	20/04/2023	21/04/2022	15/04/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/11/2025	16/04/2026	21/04/2026	Dutch	PDF
Full model	30/11/2024	17/04/2025	25/04/2025	Dutch	PDF
Full model	30/11/2023	18/04/2024	19/04/2024	Dutch	PDF
Full model	30/11/2022	20/04/2023	05/05/2023	Dutch	PDF
Full model	30/11/2021	21/04/2022	22/04/2022	Dutch	PDF
Full model	30/11/2020	15/04/2021	22/04/2021	Dutch	PDF
Full model	30/11/2019	16/04/2020	05/05/2020	Dutch	PDF
Full model	30/11/2018	18/04/2019	30/04/2019	Dutch	PDF
Full model	30/11/2017	19/04/2018	24/04/2018	Dutch	PDF
Full model	30/11/2016	20/04/2017	16/05/2017	Dutch	PDF
Full model	30/11/2015	21/04/2016	29/04/2016	Dutch	PDF
Full model	30/11/2014	16/04/2015	21/04/2015	Dutch	PDF
Full model	30/11/2013	17/04/2014	28/04/2014	Dutch	PDF
Full model	30/11/2012	18/04/2013	23/04/2013	Dutch	PDF
Full model	30/11/2011	19/04/2012	23/04/2012	Dutch	PDF
Full model	30/11/2010	21/04/2011	12/05/2011	Dutch	PDF
Full model	30/11/2009	15/04/2010	27/04/2010	Dutch	PDF
Abridged model	30/11/2008	16/04/2009	28/05/2009	Dutch	PDF
Abridged model	31/12/2006	19/04/2007	31/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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.

Board of directors

Source · NBB, accounts to 30/11/2025

1 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LEXXUS0444.630.974Represented by Louis Lannoo	Managing directorsince 05/05/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HESTIA INVEST0762.504.825Represented by Louis Lannoo	Managing director25/05/2021 → 2024 accountsDirector25/05/2021 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2022
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2020
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

LEXXUS

HESTIA INVEST

Thierry Storme

Dirk Lannoo

ERNST & YOUNG ASSURANCE SERVICES BV (B00109) CVBA

Ernst et Young Reviseurs d'Entreprises

B.S.I.

Ariane Storme

Anne Bekaert

Caroline Storme

Leon Baron Bekaert

Arianne Storme

Show the 3 other mandates

19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Industry Project and Engineering SystemsIpes

Kortrijksesteenweg 1097 bte D, 9051 Sint-Denijs-WestremKortrijksesteenweg 1097D, 9051 Sint-Denijs-Westrem

Managing director

Managing directorDirector

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kortrijksesteenweg 1097 bte D, 9051 Sint-Denijs-WestremCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00084673
Kortrijksesteenweg 1097D, 9051 Sint-Denijs-Westrem	accounts 2021 → 2023	Accounts 2023 · 2024-00066899

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Industry Project and Engineering SystemsCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00084673
Ipes	accounts 2021 → 2023	Accounts 2023 · 2024-00066899

Events

2025
Annual accounts 2025717,1 k €↓
2024
Annual accounts 20241,3 M €↓
2024
Name changeIndustry Project and Engineering Systems
2023
Annual accounts 20232,4 M €↑
2022
Annual accounts 2022796,6 k €↓
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 2020798,5 k €↓
2019
Annual accounts 2019840,3 k €↑
2018
Annual accounts 20189,1 k €↓
2017
Annual accounts 2017599 k €↑
2016
Annual accounts 2016535,4 k €↓
2015
Annual accounts 2015557,6 k €↓
2014
Annual accounts 2014697,5 k €↑
2013
Annual accounts 2013651,3 k €↑
2012
Annual accounts 2012425,2 k €↓
2011
Annual accounts 2011679,8 k €↑
2010
Annual accounts 2010492,4 k €↑
2009
Annual accounts 2009409,4 k €↓
2008
Annual accounts 2008731,6 k €
16/10/1980
IncorporationPublic limited company

Industry Project and Engineering Systems

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events