ACTIVE

IPG Belgium

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Financial year 2025 · closed on 31/12/2025

Net result

1,2 M €

-5.7% YoY

Revenue

9,4 M €

-6.1% YoY

Equity

5,6 M €

-46.3% YoY

Workforce

52,8 ETP

-8.0% YoY

What does IPG Belgium do?

IPG Belgium is a Private limited company incorporated in 1989. Its main activity is: Public relations and communication activities. Its registered office is in Bruxelles. It employs on average 52,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.360.132

Incorporation

12/05/1989

Legal form

Private limited company

Registered office

Avenue de Cortenbergh 100
1000 Bruxelles · BruxellesSee on map

Contributed capital

3 725 627,65 €

Latest accounts

31/12/2025

Average workforce

52,8 ETP

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research 74141Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood 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 10 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2015		2014
Income statement
Revenue	9,4 M €	-6.1%	10,1 M €	-6.2%	10,7 M €	+2.8%	10,4 M €	+18.7%	8,8 M €	-20.0%	11 M €	+30.7%	8,4 M €	+6.9%	7,9 M €	-6.3%	8,4 M €	+27.8%	6,6 M €
EBITDA	1,6 M €	+6.1%	1,5 M €	-11.1%	1,6 M €	-2.6%	1,7 M €	+17.5%	1,4 M €	-27.0%	2 M €	+28.2%	1,5 M €	+26.0%	1,2 M €	-2.8%	1,3 M €	+11.5%	1,1 M €
Operating result	1,5 M €	+5.9%	1,4 M €	-13.6%	1,6 M €	-2.6%	1,6 M €	+17.9%	1,4 M €	-26.8%	1,9 M €	+29.1%	1,5 M €	+30.1%	1,1 M €	-4.4%	1,2 M €	+12.5%	1 M €
Net result	1,2 M €	-5.7%	1,3 M €	-10.4%	1,4 M €	+20.7%	1,2 M €	+19.0%	981 k €	-23.4%	1,3 M €	+29.8%	985,9 k €	+39.4%	707,3 k €	-6.5%	756,7 k €	+9.6%	690,4 k €
Balance sheet
Equity	5,6 M €	-46.3%	10,4 M €	-8.3%	11,3 M €	+14.2%	9,9 M €	+13.3%	8,7 M €	+36.0%	6,4 M €	+24.8%	5,2 M €	+23.7%	4,2 M €	-29.2%	5,9 M €	+14.7%	5,1 M €
Total assets	13,9 M €	-10.1%	15,4 M €	+11.1%	13,9 M €	+11.5%	12,5 M €	+12.6%	11,1 M €	+21.8%	9,1 M €	+15.6%	7,8 M €	-13.7%	9,1 M €	+12.8%	8,1 M €	+19.3%	6,8 M €
Cash	10,3 M €	-14.1%	12 M €	+12.5%	10,7 M €	+17.4%	9,1 M €	+11.1%	8,2 M €	+40.0%	5,8 M €	+42.0%	4,1 M €	-35.8%	6,4 M €	+14.0%	5,6 M €	+26.9%	4,4 M €
Debts	7,7 M €	+96.5%	3,9 M €	+113%	1,8 M €	+5.1%	1,7 M €	-0.7%	1,8 M €	+0.4%	1,8 M €	-10.1%	2 M €	-58.6%	4,7 M €	+137%	2 M €	+36.3%	1,5 M €
Other
Workforce	52,8 ETP	-8.0%	57,4 ETP	-11.7%	65,0 ETP	+6.4%	61,1 ETP	+7.4%	56,9 ETP	-12.6%	65,1 ETP	+18.4%	55,0 ETP	+3.6%	53,1 ETP	-5.2%	56,0 ETP	+7.5%	52,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 18 ended

Active mandates

Melinda Drappier

Director · since 01 février 2024 · until 26 juin 2026

Active

Monica Cristina Vicente

Director · since 20 mai 2023 · until 05 juin 2026

Active

Simon Topping

Director · since 20 mai 2023 · until 26 juin 2026

Active

Ended mandates

Melinda Drappier

Director · since 01 février 2024 · until 15 mai 2026

Ended

Monica Cristina Vicente

Director · since 20 mai 2023 · until 15 mai 2026

Ended

Simon Topping

Director · since 20 mai 2023 · until 15 mai 2026

Ended

Emmy Mertens

Director · since 21 mai 2022 · until 31 mars 2024

Ended

At this address

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McCann - Erickson● Active	0403.490.405

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	29/06/2026	13/06/2025	19/06/2024	21/06/2023	01/06/2022	11/06/2021
General meeting	26/06/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	29/06/2026	French	PDF
Full model	31/12/2024	16/05/2025	13/06/2025	French	PDF
Full model	31/12/2023	17/05/2024	19/06/2024	French	PDF
Full model	31/12/2022	19/05/2023	21/06/2023	French	PDF
Full model	31/12/2021	20/05/2022	01/06/2022	French	PDF
Full model	31/12/2020	21/05/2021	11/06/2021	French	PDF
Full model	31/12/2019	05/06/2020	15/06/2020	French	PDF
Full model	31/12/2018	07/06/2019	14/06/2019	French	PDF
Full model	31/12/2017	18/05/2018	05/06/2018	French	PDF
Full model	31/12/2016	19/05/2017	08/06/2017	French	PDF
Full model	31/12/2015	20/05/2016	07/06/2016	French	PDF
Full model	31/12/2014	08/06/2015	09/06/2015	French	PDF
Full modelCorrection	31/12/2013	06/06/2014	27/08/2014	French	PDF
Full model	31/12/2013	06/06/2014	11/06/2014	French	PDF
Full model	31/12/2012	03/06/2013	05/06/2013	French	PDF
Full model	31/12/2011	27/07/2012	06/08/2012	French	PDF
Full model	31/12/2010	15/07/2011	15/07/2011	French	PDF
Full model	31/12/2009	21/05/2010	22/07/2010	French	PDF
Full model	31/12/2008	29/05/2009	30/06/2009	French	PDF
Full model	31/12/2007	11/07/2008	30/07/2008	French	PDF
Full model	31/12/2006	10/08/2007	21/12/2007	French	PDF
Full model	31/12/2005	16/11/2006	03/01/2007	French	PDF

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.

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 31/12/2025 · 3 active · 18 ended

Active mandates

Melinda Drappier

Director · since 01 février 2024 · until 26 juin 2026

Active

Monica Cristina Vicente

Director · since 20 mai 2023 · until 05 juin 2026

Active

Simon Topping

Director · since 20 mai 2023 · until 26 juin 2026

Active

Ended mandates

Melinda Drappier

Director · since 01 février 2024 · until 15 mai 2026

Ended

Monica Cristina Vicente

Director · since 20 mai 2023 · until 15 mai 2026

Ended

Simon Topping

Director · since 20 mai 2023 · until 15 mai 2026

Ended

Emmy Mertens

Director · since 21 mai 2022 · until 31 mars 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates19/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates12/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates08/11/2022
DENOMINATION
PDF
Mandates09/04/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates24/12/2020
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 20251,2 M €↓
2024
Annual accounts 20241,3 M €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 20221,2 M €↑
2022
Name changeIPG Belgium SRL
2021
Annual accounts 2021981 k €↓
2021
Name changeIPG DXTRA (Belgium)
2019
Annual accounts 20191,3 M €↑
2018
Annual accounts 2018985,9 k €↑
2017
Annual accounts 2017707,3 k €↓
2015
Annual accounts 2015756,7 k €↑
2014
Annual accounts 2014690,4 k €
2014
Name changeCMGRP BELGIUM
12/05/1989
IncorporationPrivate 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

IPG Belgium

Overview

What does IPG Belgium do?

Trend over 10 financial years

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