ACTIVE

IPSEOS

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Financial year 2025 · closed on 30/06/2025

Net result

-3,3 k €

+94.8% YoY

Gross margin

109,9 k €

+136.8% YoY

Equity

7,2 k €

-31.5% YoY

What does IPSEOS do?

IPSEOS is a Private limited company incorporated in 1992. Its main activity is: Wired telecommunications activities. Its registered office is in Ottignies-Louvain-la-Neuve.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.974.605

Incorporation

04/08/1992

Legal form

Private limited company

Registered office

Avenue Jean-Etienne Lenoir 10
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map

Contributed capital

30 987,00 €

Latest accounts

30/06/2025

Activities (NACE)

61100Wired telecommunications activities· main 61300Satellite telecommunications activities 93053Sports activities and amusement and recreation activities 96099Other personal service activities n.e.c.96999Other personal service activities 45111Sale of cars and light motor vehicles+5

Signals

Positive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	109,9 k €	+137%	46,4 k €	-61.8%	121,5 k €	+37.9%	88,1 k €	+212%	28,2 k €	-29.9%	40,2 k €	+1903%	2 k €	-52.3%	4,2 k €	+114%	2 k €	-58.4%	4,7 k €	-12.6%	5,4 k €	-11.5%	6,1 k €	+184%	2,1 k €	+18.0%	1,8 k €	+150%	-3,7 k €	-1.4%	-3,6 k €	+12.1%	-4,1 k €	-28.9%	-3,2 k €	-200%	3,2 k €
EBITDA	34,4 k €	+205%	-32,8 k €	-170%	47 k €	+70.9%	27,5 k €	+198%	-28,1 k €	-417%	8,9 k €	+622%	1,2 k €	-37.0%	1,9 k €	-0.7%	2 k €	-58.4%	4,7 k €	-12.6%	5,4 k €	-11.5%	6,1 k €	+184%	2,1 k €	+18.0%	1,8 k €	+150%	-3,7 k €	-1.4%	-3,6 k €	+12.1%	-4,1 k €	-28.9%	-3,2 k €	-216%	2,7 k €
Operating result	-8,4 k €	+88.9%	-76 k €	-403%	25,1 k €	+4.2%	24,1 k €	+185%	-28,2 k €	-418%	8,9 k €	+622%	1,2 k €	-37.0%	1,9 k €	-0.7%	2 k €	-17.5%	2,4 k €	-7.9%	2,6 k €	-21.4%	3,3 k €	+177%	1,2 k €	-11.2%	1,3 k €	+136%	-3,7 k €	-1.4%	-3,6 k €	+18.9%	-4,5 k €	+26.4%	-6,1 k €	-4716%	-126 €
Net result	-3,3 k €	+94.8%	-64,5 k €	-836%	8,8 k €	+182%	3,1 k €	-79.1%	14,9 k €	+14.3%	13 k €	+1058%	1,1 k €	-35.8%	1,7 k €	-6.5%	1,9 k €	-17.3%	2,3 k €	-8.9%	2,5 k €	-22.4%	3,2 k €	+196%	1,1 k €	-14.2%	1,3 k €	+134%	-3,7 k €	-0.4%	-3,7 k €	+18.0%	-4,5 k €	+27.0%	-6,2 k €	-1987%	-297 €
Balance sheet
Equity	7,2 k €	-31.5%	10,6 k €	-85.9%	75 k €	+13.2%	66,2 k €	+4.9%	63,1 k €	+30.8%	48,3 k €	+36.9%	35,3 k €	+3.3%	34,1 k €	+5.4%	32,4 k €	+6.1%	30,5 k €	+8.0%	28,3 k €	+9.6%	25,8 k €	+14.2%	22,6 k €	+5.0%	21,5 k €	+6.2%	20,2 k €	-15.5%	24 k €	-13.4%	27,7 k €	-14.1%	32,2 k €	-16.1%	38,4 k €
Total assets	370 k €	-5.7%	392,4 k €	-48.8%	766,4 k €	-6.0%	815,5 k €	+70.8%	477,3 k €	+20.2%	397,3 k €	+341%	90,1 k €	+38.3%	65,2 k €	+24.4%	52,4 k €	+3.6%	50,5 k €	+3.9%	48,6 k €	+3.0%	47,2 k €	+5.1%	44,9 k €	+5.2%	42,7 k €	+9.6%	38,9 k €	-8.7%	42,6 k €	-8.0%	46,4 k €	-8.9%	50,9 k €	-14.3%	59,4 k €
Cash	81,2 k €	-25.8%	109,5 k €	-42.4%	190 k €	-27.2%	261,1 k €	+56.6%	166,7 k €	-27.6%	230,2 k €	+3455%	6,5 k €	-52.1%	13,5 k €	+63.5%	8,3 k €	-50.6%	16,7 k €	-3.1%	17,3 k €	-24.4%	22,8 k €	-34.9%	35,1 k €	-3.7%	36,4 k €	+230%	11 k €	+165%	4,2 k €	-51.1%	8,5 k €	-36.2%	13,4 k €	-29.9%	19,1 k €
Debts	362,8 k €	-5.0%	381,8 k €	-44.8%	691,4 k €	-7.7%	749,2 k €	+263%	206,6 k €	+47.5%	140,1 k €	+159%	54 k €	+79.0%	30,2 k €	+57.4%	19,2 k €	0.0%	19,2 k €	-1.9%	19,5 k €	-5.1%	20,6 k €	-3.8%	21,4 k €	+5.7%	20,2 k €	+13.9%	17,8 k €	+0.0%	17,8 k €	0.0%	17,8 k €	0.0%	17,8 k €	-11.4%	20 k €
Other
Workforce	–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 15 ended

Active mandates

Charlotte GAGO-GARICA

Mandate

Active

Jean-Louis GAGO-GARCIA

Mandate

Active

Joëlle DEFOSSET

Mandate

Active

Ended mandates

Charlotte GAGO-GARCIA

Director · since 30 juin 2015

Ended

Charlotte GAGO-GARCIA

Manager · since 30 juin 2015

Ended

Joëlle DEFOSSET

Director · since 30 juin 2015

Ended

Joëlle DEFOSSET

Manager · since 30 juin 2015

Ended

At this address

Other companies at this address

Company	CBE no.
GARCIA & CO● Active	0763.477.397
GLOBAL TELEPHONE AND TELECOMMUNICATION ( G.T. & T.)● Active	0438.129.994
GlobalTT● Bankrupt	0643.686.357

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/03/2026	26/02/2025	19/02/2024	27/02/2023	04/02/2022	26/02/2021
General meeting	08/11/2025	04/11/2024	06/11/2023	07/11/2022	31/12/2021	02/11/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	08/11/2025	24/03/2026	French	PDF
Micro model	30/06/2024	04/11/2024	26/02/2025	French	PDF
Abridged model	30/06/2023	06/11/2023	19/02/2024	French	PDF
Abridged model	30/06/2022	07/11/2022	27/02/2023	French	PDF
Abridged model	30/06/2021	31/12/2021	04/02/2022	French	PDF
Abridged model	30/06/2020	02/11/2020	26/02/2021	French	PDF
Abridged model	30/06/2019	04/11/2019	26/02/2020	French	PDF
Abridged model	30/06/2018	05/11/2018	31/01/2019	French	PDF
Abridged model	30/06/2017	06/11/2017	28/02/2018	French	PDF
Abridged model	30/06/2016	07/11/2016	22/02/2017	French	PDF
Abridged model	30/06/2015	02/11/2015	25/02/2016	French	PDF
Abridged model	30/06/2014	03/11/2014	26/02/2015	French	PDF
Abridged model	30/06/2013	04/11/2013	14/02/2014	French	PDF
Abridged model	30/06/2012	05/11/2012	20/02/2013	French	PDF
Abridged model	30/06/2011	05/11/2011	23/12/2011	French	PDF
Abridged model	30/06/2010	05/11/2010	01/02/2011	French	PDF
Abridged model	30/06/2009	05/11/2009	29/01/2010	French	PDF
Abridged model	30/06/2008	05/12/2008	12/01/2009	French	PDF
Abridged model	30/06/2007	05/11/2007	14/01/2008	French	PDF
Abridged model	30/06/2006	15/12/2006	19/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 3 active · 15 ended

Active mandates

Charlotte GAGO-GARICA

Mandate

Active

Jean-Louis GAGO-GARCIA

Mandate

Active

Joëlle DEFOSSET

Mandate

Active

Ended mandates

Charlotte GAGO-GARCIA

Director · since 30 juin 2015

Ended

Charlotte GAGO-GARCIA

Manager · since 30 juin 2015

Ended

Joëlle DEFOSSET

Director · since 30 juin 2015

Ended

Joëlle DEFOSSET

Manager · since 30 juin 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/02/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2016
DENOMINATION - SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates14/02/2012
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates17/02/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates25/04/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates06/11/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates16/02/2005
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 2025-3,3 k €↑
2024
Annual accounts 2024-64,5 k €↓
2023
Annual accounts 20238,8 k €↑
2022
Annual accounts 20223,1 k €↓
2021
Annual accounts 202114,9 k €↑
2020
Annual accounts 202013 k €↑
2019
Annual accounts 20191,1 k €↓
2018
Annual accounts 20181,7 k €↓
2017
Annual accounts 20171,9 k €↓
2016
Annual accounts 20162,3 k €↓
2015
Annual accounts 20152,5 k €↓
2014
Annual accounts 20143,2 k €↑
2013
Annual accounts 20131,1 k €↓
2012
Annual accounts 20121,3 k €↑
2011
Annual accounts 2011-3,7 k €↓
2010
Annual accounts 2010-3,7 k €↑
2009
Annual accounts 2009-4,5 k €↑
2008
Annual accounts 2008-6,2 k €↓
2007
Annual accounts 2007-297 €
04/08/1992
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

IPSEOS

Overview

What does IPSEOS 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