IPAS
0441.721.865 · rovalta.com · 21/09/2026
ACTIVE
IPAS
Financial year 2025 · closed on 31/12/2025
Net result
-105,5 k €
-643.5% YoY
Gross margin
-37,6 k €
-178.4% YoY
Equity
-38,2 k €
-156.9% YoY
Overview
What does IPAS do?
IPAS is a Public limited company incorporated in 1990. Its main activity is: Electrical, plumbing and other construction installation activities. Its registered office is in Heusden-Zolder.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0441.721.865
Incorporation
28/08/1990
Legal form
Public limited company
Registered office
Rond Punt 7
3550 Heusden-Zolder · FlandreSee on map
3550 Heusden-Zolder · FlandreSee on map
Contributed capital
127 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (3)
- 111
- 124
- 209
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | -37,6 k € | -178% | -13,5 k € | -123% | 58,7 k € | +1413% | -4,5 k € | +19.3% | -5,5 k € | +45.9% | -10,2 k € | -2.8% | -10,0 k € | -141% | 24,4 k € | +718% | 3,0 k € | -83.3% | 17,9 k € | -20.6% | 22,5 k € | +157% | 8,8 k € | +141% | -21,3 k € | -132% | 66,0 k € | -89.2% | 611,7 k € | -5.3% | 646,0 k € | +28.2% | 504,0 k € | +30.5% | 386,1 k € | +19.4% | 323,2 k € | +80.9% | 178,7 k € |
| EBITDA | -58,9 k € | -334% | -13,6 k € | -133% | 40,9 k € | +1003% | -4,5 k € | +19.1% | -5,6 k € | +45.6% | -10,3 k € | -2.8% | -10,0 k € | -145% | 22,2 k € | +1175% | 1,7 k € | -89.3% | 16,2 k € | -14.6% | 19,0 k € | +328% | 4,4 k € | +120% | -21,7 k € | -141% | -9,0 k € | -122% | 41,6 k € | -52.9% | 88,5 k € | +18.5% | 74,7 k € | +44.5% | 51,7 k € | +3.7% | 49,8 k € | +1120% | -4,9 k € |
| Operating result | -59,5 k € | -325% | -14,0 k € | -135% | 40,5 k € | +916% | -5,0 k € | +13.6% | -5,7 k € | +44.2% | -10,3 k € | +8.1% | -11,2 k € | -153% | 21,0 k € | +3703% | 551,8 € | -96.3% | 15,0 k € | -15.6% | 17,8 k € | +301% | 4,4 k € | +120% | -21,7 k € | -141% | -9,0 k € | -191% | 9,9 k € | -85.0% | 66,1 k € | +17.9% | 56,1 k € | +48.7% | 37,7 k € | +5.1% | 35,9 k € | +487% | -9,3 k € |
| Net result | -105,5 k € | -643% | -14,2 k € | -137% | 37,9 k € | +789% | -5,5 k € | +12.7% | -6,3 k € | +41.4% | -10,8 k € | -0.8% | -10,7 k € | -182% | 13,0 k € | +1903% | -721,1 € | -109% | 8,4 k € | -48.5% | 16,4 k € | +1397% | 1,1 k € | +104% | -25,1 k € | -111% | -11,9 k € | -338% | 5,0 k € | -91.7% | 60,7 k € | +20.9% | 50,3 k € | +125% | 22,3 k € | -23.7% | 29,2 k € | +327% | -12,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | -38,2 k € | -157% | 67,2 k € | -17.4% | 81,4 k € | +87.2% | 43,5 k € | -11.2% | 49,0 k € | -11.4% | 55,3 k € | -16.3% | 66,1 k € | -13.9% | 76,7 k € | +20.4% | 63,7 k € | -1.1% | 64,5 k € | +15.1% | 56,0 k € | +41.4% | 39,6 k € | +2.8% | 38,5 k € | -39.5% | 63,7 k € | -15.8% | 75,6 k € | +7.1% | 70,6 k € | +618% | 9,8 k € | +124% | -40,4 k € | +35.6% | -62,7 k € | +31.8% | -92,0 k € |
| Total assets | 108,4 k € | +28.0% | 84,7 k € | -15.6% | 100,4 k € | +21.0% | 83,0 k € | -3.3% | 85,9 k € | +4.4% | 82,2 k € | -13.5% | 95,0 k € | -8.4% | 103,8 k € | +10.6% | 93,9 k € | -22.9% | 121,8 k € | +2.2% | 119,2 k € | +19.1% | 100,1 k € | +16.3% | 86,1 k € | -0.1% | 86,2 k € | -73.4% | 323,9 k € | +25.5% | 258,0 k € | +31.3% | 196,5 k € | +34.9% | 145,7 k € | +3.1% | 141,3 k € | +6.9% | 132,2 k € |
| Cash | 31,1 k € | -17.2% | 37,5 k € | -29.7% | 53,3 k € | +461883% | 11,5 € | 0.0% | 11,5 € | – | – | 8,8 k € | +10113% | 86,5 € | -94.0% | 1,4 k € | -77.8% | 6,5 k € | +46.8% | 4,4 k € | +6661% | 65,4 € | -97.0% | 2,2 k € | -95.4% | 47,3 k € | +181% | 16,9 k € | +94.8% | 8,7 k € | +14809% | 58,1 € | -11.4% | 65,5 € | -33.4% | 98,3 € | |||
| Debts | 109,4 k € | +525% | 17,5 k € | -8.0% | 19,0 k € | -51.9% | 39,6 k € | +7.3% | 36,9 k € | +36.9% | 26,9 k € | -7.0% | 29,0 k € | +7.1% | 27,1 k € | -10.2% | 30,1 k € | -47.4% | 57,3 k € | -9.3% | 63,2 k € | +4.5% | 60,4 k € | +27.4% | 47,5 k € | +111% | 22,5 k € | -90.9% | 248,3 k € | +32.5% | 187,5 k € | +0.6% | 186,3 k € | +0.2% | 186,0 k € | -8.7% | 203,7 k € | -8.9% | 223,6 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | 0,9 ETP | -92.7% | 12,4 ETP | -3.9% | 12,9 ETP | +20.6% | 10,7 ETP | +17.6% | 9,1 ETP | +19.7% | 7,6 ETP | +68.9% | 4,5 ETP | |||||||||||||
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 18 ended
Active mandates
Etienne Schouterden
ActivePaul Boutsen
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
ADACT● Active | 0475.206.166 |
HET VERVOLG● Active | 0443.290.196 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 31/08/2026 | 30/08/2025 | 31/07/2024 | 31/08/2023 | 26/07/2022 | 31/08/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 06/06/2024 | 29/06/2023 | 30/06/2022 | 30/06/2021 |
| 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
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 30/06/2026 | 31/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 30/06/2025 | 30/08/2025 | Dutch | |
| Micro model | 31/12/2023 | 06/06/2024 | 31/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 29/06/2023 | 31/08/2023 | Dutch | |
| Micro model | 31/12/2021 | 30/06/2022 | 26/07/2022 | Dutch | |
| Micro model | 31/12/2020 | 30/06/2021 | 31/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 08/09/2020 | 31/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 06/06/2019 | 11/06/2019 | Dutch | |
| Micro model | 31/12/2017 | 28/06/2018 | 14/08/2018 | Dutch | |
| Micro model | 31/12/2016 | 01/06/2017 | 07/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 12/09/2016 | Dutch | |
| Abridged model | 31/12/2014 | 04/06/2015 | 30/09/2015 | Dutch | |
| Abridged model | 31/12/2013 | 06/08/2014 | 29/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 08/03/2014 | 07/04/2014 | Dutch | |
| Abridged model | 31/12/2011 | 28/08/2012 | 25/09/2012 | Dutch | |
| Abridged model | 31/12/2010 | 02/06/2011 | 07/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 03/06/2010 | 02/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 04/06/2009 | 09/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 03/04/2008 | 14/04/2008 | Dutch | |
| Abridged model | 31/12/2006 | 28/06/2007 | 27/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
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 · 2 active · 18 ended
Active mandates
Etienne Schouterden
ActivePaul Boutsen
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
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 2025-105,5 k €↓
- 2024Annual accounts 2024-14,2 k €↓
- 2023Annual accounts 202337,9 k €↑
- 2022Annual accounts 2022-5,5 k €↑
- 2021Annual accounts 2021-6,3 k €↑
- 2020Annual accounts 2020-10,8 k €↓
- 2019Annual accounts 2019-10,7 k €↓
- 2018Annual accounts 201813,0 k €↑
- 2017Annual accounts 2017-721,1 €↓
- 2016Annual accounts 20168,4 k €↓
- 2015Annual accounts 201516,4 k €↑
- 2014Annual accounts 20141,1 k €↑
- 2013Annual accounts 2013-25,1 k €↓
- 2012Annual accounts 2012-11,9 k €↓
- 2011Annual accounts 20115,0 k €↓
- 2010Annual accounts 201060,7 k €↑
- 2009Annual accounts 200950,3 k €↑
- 2008Annual accounts 200822,3 k €↓
- 2007Annual accounts 200729,2 k €↑
- 2006Annual accounts 2006-12,9 k €
- 28/08/1990IncorporationPublic limited company