ACTIVE

IPSIS WORKS

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Financial year 2024 · closed on 31/12/2024

Net result

-23,2 k €

+25.6% YoY

Gross margin

53,5 k €

+25.5% YoY

Equity

75,1 k €

-23.6% YoY

What does IPSIS WORKS do?

IPSIS WORKS is a Public limited company incorporated in 1990. Its main activity is: Advertising agencies. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.038.223

Incorporation

03/04/1990

Legal form

Public limited company

Registered office

Avenue Jan Olieslagers 1 box 11
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2024

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities

Joint committees (2)

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	53,5 k €	+25.5%	42,6 k €	-40.9%	72,1 k €	+6.4%	67,7 k €	+405%	-22,2 k €	-166%	33,5 k €	-9.2%	36,9 k €	+6.5%	34,6 k €	+552%	-7,7 k €	-208%	7,1 k €	+270%	1,9 k €	-89.6%	18,4 k €	-9.2%	20,2 k €	+13.5%	17,8 k €	-90.4%	185,2 k €	-11.7%	209,6 k €	+42.5%	147,1 k €	-16.1%	175,3 k €	-40.2%	293,4 k €
EBITDA	49,5 k €	+27.0%	39 k €	-6.7%	41,8 k €	+21.0%	34,5 k €	+163%	-54,4 k €	-254%	-15,4 k €	-252%	-4,4 k €	-218%	3,7 k €	+146%	-8,1 k €	-219%	6,9 k €	+881%	699,3 €	-96.0%	17,5 k €	-6.4%	18,7 k €	+51.8%	12,3 k €	-78.3%	56,6 k €	+71.6%	33 k €	+2387%	1,3 k €	-95.1%	26,8 k €	-79.1%	128,3 k €
Operating result	-7,4 k €	+57.0%	-17,3 k €	-31.3%	-13,2 k €	+37.3%	-21,1 k €	+75.9%	-87,3 k €	-394%	-17,7 k €	-164%	-6,7 k €	-447%	-1,2 k €	+88.3%	-10,5 k €	-802%	1,5 k €	+126%	-5,8 k €	-175%	7,8 k €	-10.5%	8,7 k €	+204%	-8,4 k €	-123%	35,8 k €	+78.1%	20,1 k €	+261%	-12,5 k €	-282%	6,9 k €	-92.7%	93,7 k €
Net result	-23,2 k €	+25.6%	-31,1 k €	+28.5%	-43,5 k €	-8.1%	-40,3 k €	+61.7%	-105,2 k €	-190%	-36,3 k €	-93.5%	-18,8 k €	-59.5%	-11,8 k €	+8.6%	-12,9 k €	-490%	-2,2 k €	+82.4%	-12,4 k €	-262%	7,7 k €	+32.9%	5,8 k €	+224%	-4,7 k €	-153%	8,8 k €	+171%	3,2 k €	+133%	-10 k €	-157%	17,5 k €	+86.1%	9,4 k €
Balance sheet
Equity	75,1 k €	-23.6%	98,3 k €	+234%	29,4 k €	-59.7%	72,9 k €	-35.6%	113,2 k €	+517%	18,4 k €	-66.4%	54,7 k €	-25.6%	73,4 k €	-13.8%	85,2 k €	-13.1%	98,1 k €	-2.2%	100,3 k €	-11.0%	112,7 k €	+7.3%	105 k €	+5.8%	99,3 k €	-4.5%	103,9 k €	+9.3%	95,1 k €	+3.5%	91,9 k €	-9.8%	101,8 k €	+20.8%	84,3 k €
Total assets	1,2 M €	-4.7%	1,3 M €	+3.0%	1,2 M €	-5.5%	1,3 M €	-6.7%	1,4 M €	+6.5%	1,3 M €	+38.1%	941,6 k €	-5.2%	993,7 k €	+330%	230,9 k €	+65.8%	139,2 k €	-4.4%	145,6 k €	-34.9%	223,6 k €	-21.8%	286 k €	-28.8%	401,8 k €	-25.6%	540,2 k €	-3.6%	560,2 k €	+41.1%	397,1 k €	-15.4%	469,3 k €	-6.8%	503,7 k €
Cash	17,8 k €	+275%	4,7 k €	-77.4%	21 k €	-41.5%	35,9 k €	-51.3%	73,7 k €	-46.8%	138,5 k €	-40.9%	234,3 k €	-36.3%	367,9 k €	+142%	152 k €	+394%	30,8 k €	+3.3%	29,8 k €	-64.6%	84,1 k €	-8.6%	92 k €	-14.2%	107,3 k €	-4.4%	112,2 k €	-14.5%	131,3 k €	+120%	59,7 k €	-59.2%	146,3 k €	+20.0%	121,9 k €
Debts	1,1 M €	-3.1%	1,2 M €	-2.7%	1,2 M €	-1.7%	1,2 M €	-4.2%	1,3 M €	-1.4%	1,3 M €	+44.5%	887 k €	-3.6%	920,3 k €	+532%	145,7 k €	+256%	40,9 k €	-9.4%	45,1 k €	-59.2%	110,7 k €	-2.4%	113,4 k €	-40.3%	190,1 k €	-53.7%	410,1 k €	-7.5%	443,6 k €	+56.3%	283,7 k €	-18.0%	346 k €	+16.1%	297,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	-61.5%	2,6 ETP	-18.8%	3,2 ETP	+14.3%	2,8 ETP	-6.7%	3,0 ETP	0.0%	3,0 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 31/12/2024 · 1 active · 8 ended

Active mandates

Tom GASTMANS

Director · since 30 juin 2019 · until 30 juin 2025

Active

Ended mandates

ATHOGA

Director · since 11 mai 2007 · until 10 mai 2013 · 0475.633.560

Represented by Tom GASTMANS

Ended

ATHOGA

Director · since 11 mai 2007 · until 10 mai 2019 · 0475.633.560

Represented by Tom GASTMANS

Ended

ATHOGA

Director · since 11 mai 2007 · 0475.633.560

Represented by Tom GASTMANS

Ended

ATHOGA

Director · since 11 mai 2007 · until 10 mai 2019 · 0475.633.560

Represented by Tom GASTMANS

Ended

At this address

Other companies at this address

Company	CBE no.
ATHOGA● Active	0475.633.560
STICHTING GERMAINE VAN PARYS● Liquidation	0838.312.008

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	24/09/2025	21/09/2024	11/10/2023	29/08/2022	22/08/2021	02/09/2020
General meeting	09/05/2025	10/05/2024	12/05/2023	13/05/2022	14/05/2021	08/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	09/05/2025	24/09/2025	French	PDF
Micro model	31/12/2023	10/05/2024	21/09/2024	French	PDF
Micro model	31/12/2022	12/05/2023	11/10/2023	French	PDF
Micro model	31/12/2021	13/05/2022	29/08/2022	French	PDF
Micro model	31/12/2020	14/05/2021	22/08/2021	French	PDF
Micro model	31/12/2019	08/05/2020	02/09/2020	French	PDF
Micro model	31/12/2018	10/05/2019	30/08/2019	French	PDF
Micro model	31/12/2017	11/05/2018	28/08/2018	French	PDF
Micro model	31/12/2016	12/05/2017	20/08/2017	French	PDF
Abridged model	31/12/2015	13/05/2016	10/08/2016	French	PDF
Abridged model	31/12/2014	08/05/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	09/05/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	10/05/2013	08/08/2013	French	PDF
Abridged model	31/12/2011	11/05/2012	11/08/2012	French	PDF
Abridged model	31/12/2010	13/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	08/05/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	09/05/2008	14/08/2008	French	PDF
Abridged model	31/12/2006	11/05/2007	26/07/2007	French	PDF

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 31/12/2024 · 1 active · 8 ended

Active mandates

Tom GASTMANS

Director · since 30 juin 2019 · until 30 juin 2025

Active

Ended mandates

ATHOGA

Director · since 11 mai 2007 · until 10 mai 2013 · 0475.633.560

Represented by Tom GASTMANS

Ended

ATHOGA

Director · since 11 mai 2007 · until 10 mai 2019 · 0475.633.560

Represented by Tom GASTMANS

Ended

ATHOGA

Director · since 11 mai 2007 · 0475.633.560

Represented by Tom GASTMANS

Ended

ATHOGA

Director · since 11 mai 2007 · until 10 mai 2019 · 0475.633.560

Represented by Tom GASTMANS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates19/02/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2011
DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares24/08/2010
CAPITAL, ACTIONS
PDF
Mandates17/08/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates14/03/2006
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

2024
Annual accounts 2024-23,2 k €↑
2023
Annual accounts 2023-31,1 k €↑
2022
Annual accounts 2022-43,5 k €↓
2021
Annual accounts 2021-40,3 k €↑
2020
Annual accounts 2020-105,2 k €↓
2019
Annual accounts 2019-36,3 k €↓
2018
Annual accounts 2018-18,8 k €↓
2017
Annual accounts 2017-11,8 k €↑
2016
Annual accounts 2016-12,9 k €↓
2015
Annual accounts 2015-2,2 k €↑
2014
Annual accounts 2014-12,4 k €↓
2013
Annual accounts 20137,7 k €↑
2012
Annual accounts 20125,8 k €↑
2011
Annual accounts 2011-4,7 k €↓
2010
Annual accounts 20108,8 k €↑
2009
Annual accounts 20093,2 k €↑
2008
Annual accounts 2008-10 k €↓
2007
Annual accounts 200717,5 k €↑
2006
Annual accounts 20069,4 k €
03/04/1990
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

IPSIS WORKS

Overview

What does IPSIS WORKS do?

Trend over 19 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