ACTIVE

LIPA

Financial year 2025 · closed on 31/12/2025
Net result
24,7 k €
+152.5% YoY
Gross margin
437,2 k €
+9.5% YoY
Equity
427,1 k €
+5.4% YoY

What does LIPA do?

LIPA is a Public limited company incorporated in 1991. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Diepenbeek.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0444.038.680
Incorporation
26/04/1991
Legal form
Public limited company
Registered office
Groeningenweg 8 box 3
3590 Diepenbeek · FlandreSee on map
Contributed capital
79 325,93 €
Latest accounts
31/12/2025
Joint committees (4)
  • 100
  • 14904
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin437,2 k €399,3 k €412,4 k €318,3 k €277,5 k €415,5 k €392,7 k €299,6 k €235,6 k €209,6 k €170,3 k €229,8 k €221,7 k €232,9 k €222,7 k €177 k €107,9 k €128 k €102,5 k €115,7 k €
EBITDA78,5 k €57,3 k €123,5 k €48,4 k €63,9 k €96,6 k €72 k €122,8 k €58,2 k €39 k €45,6 k €44,2 k €-32,7 k €39,3 k €67,1 k €46,3 k €12 k €24,3 k €24,6 k €31,8 k €
Operating result44,2 k €23 k €91,1 k €19,8 k €34,5 k €66,1 k €41,9 k €93,3 k €40,7 k €26 k €30 k €28,6 k €-47,6 k €25,2 k €54,3 k €36,3 k €266,9 €10 k €9,9 k €14,3 k €
Net result24,7 k €9,8 k €66,1 k €9,7 k €13,3 k €44,9 k €24,3 k €65 k €17,8 k €15,7 k €26,8 k €13,1 k €-56 k €17,2 k €23,9 k €26,8 k €-5,6 k €3,6 k €3,3 k €3,6 k €
Balance sheet
Equity427,1 k €405,1 k €396,3 k €336,8 k €328,1 k €316,2 k €271,2 k €246,9 k €181,9 k €164,1 k €148,4 k €121,7 k €108,5 k €164,5 k €147,3 k €123,4 k €100,2 k €105,8 k €102,2 k €98,8 k €
Total assets833,6 k €818,2 k €837,5 k €797,4 k €732,3 k €788,7 k €746,8 k €723,3 k €711,1 k €404,9 k €347,9 k €292,6 k €334,7 k €433 k €426,9 k €344,7 k €316,8 k €328,9 k €290 k €321,9 k €
Cash145,1 k €269,4 k €253,1 k €189 k €185,7 k €182,1 k €144,5 k €97,1 k €91,1 k €118,8 k €64,7 k €49,3 k €44 k €96,7 k €146,3 k €6,5 k €
Debts406,6 k €413,1 k €441,1 k €460,6 k €403,6 k €471,9 k €474,9 k €476,4 k €529,2 k €240,5 k €199,5 k €170,9 k €226,1 k €268,5 k €279,5 k €221,3 k €216,6 k €223,2 k €187,9 k €223 k €
Other
Workforce5,4 ETP4,7 ETP4,2 ETP5,9 ETP7,6 ETP5,8 ETP4,8 ETP4,7 ETP2,5 ETP2,5 ETP2,9 ETP2,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Edwin Vanspauwen

Director · since 25 août 2021 · until 24 août 2027

Active
Miranda Liebens

Managing director · since 25 août 2021 · until 24 août 2027

Active

Ended mandates

Edwin Vanspauwen

Director · since 25 août 2021 · until 25 août 2027

Ended
Miranda Liebens

Managing director · since 25 août 2021 · until 25 août 2027

Ended
Edwin Vanspauwen

Director · since 18 mai 2015 · until 17 mai 2021

Ended
Miranda Liebens

Managing director · since 18 mai 2015 · until 17 mai 2021

Ended
At this address

Other companies at this address

CompanyCBE no.
0730.817.893
MGBActive
0727.806.440
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/08/202629/08/202521/06/202431/08/202326/07/202230/08/2021
General meeting25/06/202628/08/202507/06/202429/08/202303/06/202225/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202525/06/202606/08/2026DutchPDF
Micro model31/12/202428/08/202529/08/2025DutchPDF
Micro model31/12/202307/06/202421/06/2024DutchPDF
Micro model31/12/202229/08/202331/08/2023DutchPDF
Micro model31/12/202103/06/202226/07/2022DutchPDF
Micro model31/12/202025/08/202130/08/2021DutchPDF
Abridged model31/12/201904/11/202019/11/2020DutchPDF
Abridged model31/12/201817/05/201931/08/2019DutchPDF
Micro model31/12/201717/05/201831/08/2018DutchPDF
Micro model31/12/201617/05/201731/08/2017DutchPDF
Abridged model31/12/201517/05/201604/10/2016DutchPDF
Abridged model31/12/201418/05/201526/08/2015DutchPDF
Abridged model31/12/201317/05/201431/10/2014DutchPDF
Abridged model31/12/201217/05/201330/08/2013DutchPDF
Abridged model31/12/201118/05/201228/08/2012DutchPDF
Abridged model31/12/201017/05/201109/08/2011DutchPDF
Abridged model31/12/200917/05/201030/08/2010DutchPDF
Abridged model31/12/200818/05/200931/08/2009DutchPDF
Abridged model31/12/200728/05/200814/08/2008DutchPDF
Abridged model31/12/200617/05/200728/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 2 active · 7 ended

Active mandates

Edwin Vanspauwen

Director · since 25 août 2021 · until 24 août 2027

Active
Miranda Liebens

Managing director · since 25 août 2021 · until 24 août 2027

Active

Ended mandates

Edwin Vanspauwen

Director · since 25 août 2021 · until 25 août 2027

Ended
Miranda Liebens

Managing director · since 25 août 2021 · until 25 août 2027

Ended
Edwin Vanspauwen

Director · since 18 mai 2015 · until 17 mai 2021

Ended
Miranda Liebens

Managing director · since 18 mai 2015 · until 17 mai 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office02/02/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates14/04/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/11/2009
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 202524,7 k €
  2. 2024
    Annual accounts 20249,8 k €
  3. 2023
    Annual accounts 202366,1 k €
  4. 2022
    Annual accounts 20229,7 k €
  5. 2021
    Annual accounts 202113,3 k €
  6. 2020
    Annual accounts 202044,9 k €
  7. 2019
    Annual accounts 201924,3 k €
  8. 2018
    Annual accounts 201865 k €
  9. 2017
    Annual accounts 201717,8 k €
  10. 2016
    Annual accounts 201615,7 k €
  11. 2015
    Annual accounts 201526,8 k €
  12. 2014
    Annual accounts 201413,1 k €
  13. 2013
    Annual accounts 2013-56 k €
  14. 2012
    Annual accounts 201217,2 k €
  15. 2011
    Annual accounts 201123,9 k €
  16. 2010
    Annual accounts 201026,8 k €
  17. 2009
    Annual accounts 2009-5,6 k €
  18. 2008
    Annual accounts 20083,6 k €
  19. 2007
    Annual accounts 20073,3 k €
  20. 2006
    Annual accounts 20063,6 k €
  21. 26/04/1991
    IncorporationPublic limited company