IPEX
0429.119.090 · rovalta.com · 22/09/2026
ACTIVE
IPEX
Financial year 2025 · closed on 31/12/2025
Net result
401,5 k €
-7.2% YoY
Revenue
31,7 M €
+4.9% YoY
Equity
23,1 M €
+754.2% YoY
Workforce
49,1 ETP
+6.0% YoY
Overview
What does IPEX do?
IPEX is a Public limited company incorporated in 1986. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Tubize. It employs on average 49,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0429.119.090
Incorporation
03/07/1986
Legal form
Public limited company
Registered office
Avenue Landas 5
1480 Tubize · WallonieSee on map
1480 Tubize · WallonieSee on map
Contributed capital
20 254 000,00 €
Latest accounts
31/12/2025
Average workforce
49,1 ETP
Activities (NACE)
Joint committees (3)
- 100
- 200
- 218
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 31,7 M € | +4.9% | 30,2 M € | +13.7% | 26,6 M € | +19.1% | 22,3 M € | +7.1% | 20,8 M € | +27.9% | 16,3 M € | +42.0% | 11,5 M € | +26.9% | 9 M € | – | 5,7 M € | – | 4,9 M € | +44.9% | 3,4 M € | -20.6% | 4,3 M € | -8.9% | 4,7 M € | – | 5,3 M € | -5.9% | 5,6 M € | – | |||||||
| EBITDA | 3,1 M € | +12.7% | 2,8 M € | +13.6% | 2,5 M € | +63.9% | 1,5 M € | -13.9% | 1,7 M € | +105% | 848,1 k € | -20.9% | 1,1 M € | -2.1% | 1,1 M € | +84.8% | 592,7 k € | +8.6% | 545,9 k € | -23.3% | 711,7 k € | +19.8% | 593,9 k € | +134% | 253,6 k € | +60.1% | 158,4 k € | -77.7% | 711,2 k € | +59.7% | 445,5 k € | +70.5% | 261,2 k € | -56.0% | 594 k € | +88.6% | 314,9 k € |
| Operating result | 692 k € | +0.6% | 687,8 k € | -10.5% | 768,6 k € | +530% | 122 k € | -80.5% | 626,7 k € | +1447% | 40,5 k € | -90.1% | 410,7 k € | -19.9% | 512,8 k € | +492% | 86,6 k € | +5.5% | 82,1 k € | -54.4% | 179,9 k € | -13.8% | 208,7 k € | +219% | -175,1 k € | +55.0% | -389,2 k € | -372% | 143,3 k € | +244% | -99,8 k € | +38.5% | -162,3 k € | -167% | 240,8 k € | +2043% | -12,4 k € |
| Net result | 401,5 k € | -7.2% | 432,9 k € | -21.3% | 550,2 k € | +799% | 61,2 k € | -89.8% | 602,9 k € | +1930% | 29,7 k € | -91.7% | 356,4 k € | -20.3% | 447,1 k € | +1729% | 24,4 k € | -11.0% | 27,5 k € | -87.2% | 214,1 k € | +55.1% | 138 k € | +161% | -225,4 k € | +77.7% | -1 M € | +81.4% | -5,4 M € | -794% | -607,4 k € | -26.9% | -478,6 k € | -514% | 115,6 k € | +436% | 21,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 23,1 M € | +754% | 2,7 M € | +16.0% | 2,3 M € | +25.7% | 1,9 M € | +3.5% | 1,8 M € | +49.7% | 1,2 M € | +3.8% | 1,2 M € | +53.3% | 754,3 k € | +135% | 321,1 k € | +2.8% | 312,3 k € | +13.4% | 275,5 k € | +711% | 34 k € | +135% | -97,9 k € | -173% | 134,5 k € | +53.0% | 87,9 k € | -97.5% | 3,5 M € | +18.4% | 3 M € | +27.3% | 2,4 M € | +23.2% | 1,9 M € |
| Total assets | 44,5 M € | +257% | 12,5 M € | -1.5% | 12,7 M € | +34.5% | 9,4 M € | -0.3% | 9,4 M € | +14.9% | 8,2 M € | +4.6% | 7,9 M € | +38.5% | 5,7 M € | +21.3% | 4,7 M € | +71.0% | 2,7 M € | -10.5% | 3,1 M € | +54.1% | 2 M € | +19.8% | 1,7 M € | -25.7% | 2,2 M € | -55.4% | 5 M € | -46.2% | 9,3 M € | +0.1% | 9,3 M € | +25.4% | 7,4 M € | +7.4% | 6,9 M € |
| Cash | 1 M € | -16.7% | 1,2 M € | +51.8% | 795,9 k € | -25.9% | 1,1 M € | -5.8% | 1,1 M € | +164% | 431,4 k € | -14.1% | 502,5 k € | -14.6% | 588,2 k € | +409% | 115,5 k € | +56.5% | 73,8 k € | -24.3% | 97,4 k € | +13.6% | 85,8 k € | +216% | 27,1 k € | -89.9% | 269,6 k € | -60.8% | 687,1 k € | +1221% | 52 k € | +228% | 15,9 k € | -62.2% | 42 k € | -63.7% | 115,5 k € |
| Debts | 21,2 M € | +120% | 9,7 M € | -0.0% | 9,7 M € | +29.0% | 7,5 M € | -1.9% | 7,6 M € | +8.7% | 7 M € | +5.7% | 6,6 M € | +35.0% | 4,9 M € | +13.9% | 4,3 M € | +78.7% | 2,4 M € | -13.0% | 2,8 M € | +43.0% | 1,9 M € | +12.9% | 1,7 M € | -15.6% | 2 M € | -58.0% | 4,9 M € | -14.0% | 5,6 M € | -7.5% | 6,1 M € | +21.4% | 5 M € | +1.5% | 5 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 49,1 ETP | +6.0% | 46,3 ETP | -1.5% | 47,0 ETP | +4.0% | 45,2 ETP | -2.8% | 46,5 ETP | -0.4% | 46,7 ETP | +12.8% | 41,4 ETP | +31.0% | 31,6 ETP | +33.3% | 23,7 ETP | +5.8% | 22,4 ETP | +0.9% | 22,2 ETP | +30.6% | 17,0 ETP | +1.2% | 16,8 ETP | -0.6% | 16,9 ETP | +72.4% | 9,8 ETP | -34.2% | 14,9 ETP | -24.4% | 19,7 ETP | +8.2% | 18,2 ETP | -4.2% | 19,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 38 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
BL CONCEPT● Active | 0414.751.115 |
RODINVEST● Active | 0472.317.348 |
VALBENOIT● Active | 0870.821.062 |
VENTURIS● Active | 0480.232.647 |
Financials
Annual accounts
Full financial information
| 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 | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 28/05/2026 | 02/06/2025 | 03/06/2024 | 17/05/2023 | 31/05/2022 | 01/07/2021 |
| General meeting | 19/05/2026 | 20/05/2025 | 16/05/2024 | 16/05/2023 | 17/05/2022 | 25/06/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 19/05/2026 | 28/05/2026 | French | |
| Full model | 31/12/2024 | 20/05/2025 | 02/06/2025 | French | |
| Full model | 31/12/2023 | 16/05/2024 | 03/06/2024 | French | |
| Full model | 31/12/2022 | 16/05/2023 | 17/05/2023 | French | |
| Full model | 31/12/2021 | 17/05/2022 | 31/05/2022 | French | |
| Full model | 31/12/2020 | 25/06/2021 | 01/07/2021 | French | |
| Full model | 31/12/2019 | 19/05/2020 | 24/07/2020 | French | |
| Abridged modelCorrection | 31/12/2018 | 12/06/2019 | 13/06/2019 | French | |
| Abridged model | 31/12/2018 | 05/06/2019 | 06/06/2019 | French | |
| Abridged model | 31/12/2017 | 15/05/2018 | 29/05/2018 | French | |
| Abridged model | 31/12/2016 | 16/05/2017 | 31/05/2017 | French | |
| Abridged model | 31/12/2015 | 07/06/2016 | 15/06/2016 | French | |
| Abridged modelCorrection | 31/12/2014 | 19/05/2015 | 15/10/2015 | French | |
| Abridged model | 31/12/2014 | 19/05/2015 | 26/05/2015 | French | |
| Abridged model | 31/12/2013 | 20/05/2014 | 16/06/2014 | French | |
| Full model | 31/12/2012 | 21/05/2013 | 12/06/2013 | French | |
| Full model | 31/12/2011 | 06/06/2012 | 20/06/2012 | French | |
| Full model | 31/12/2010 | 30/06/2011 | 07/07/2011 | French | |
| Abridged model | 31/12/2009 | 28/06/2010 | 27/07/2010 | French | |
| Abridged model | 31/12/2008 | 11/06/2009 | 13/07/2009 | French | |
| Abridged model | 31/12/2007 | 23/06/2008 | 31/07/2008 | French | |
| Abridged model | 31/12/2006 | 25/06/2007 | 23/07/2007 | French |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 38 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates20/07/2026DEMISSIONS, NOMINATIONS
- Mandates18/05/2026STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
- Mandates30/10/2025STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
- Mandates19/06/2024DEMISSIONS, NOMINATIONS
- Mandates07/06/2023DEMISSIONS, NOMINATIONS
- Other06/01/2023OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates26/07/2021DEMISSIONS, NOMINATIONS
- Mandates12/11/2018DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025401,5 k €↓
- 2024Annual accounts 2024432,9 k €↓
- 2023Annual accounts 2023550,2 k €↑
- 2022Annual accounts 202261,2 k €↓
- 2021Annual accounts 2021602,9 k €↑
- 2020Annual accounts 202029,7 k €↓
- 2018Annual accounts 2018356,4 k €↓
- 2017Annual accounts 2017447,1 k €↑
- 2016Annual accounts 201624,4 k €↓
- 2015Annual accounts 201527,5 k €↓
- 2014Annual accounts 2014214,1 k €↑
- 2013Annual accounts 2013138 k €↑
- 2012Annual accounts 2012-225,4 k €↑
- 2011Annual accounts 2011-1 M €↑
- 2010Annual accounts 2010-5,4 M €↓
- 2009Annual accounts 2009-607,4 k €↓
- 2008Annual accounts 2008-478,6 k €↓
- 2007Annual accounts 2007115,6 k €↑
- 2006Annual accounts 200621,6 k €
- 03/07/1986IncorporationPublic limited company