ACTIVE

IPR

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Financial year 2025 · closed on 31/12/2025

Net result

28,9 k €

+36.4% YoY

Gross margin

89,3 k €

+8.4% YoY

Equity

969,2 k €

-0.7% YoY

What does IPR do?

IPR is a Public limited company incorporated in 1994. Its registered office is in Lasne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.989.811

Incorporation

14/01/1994

Legal form

Public limited company

Registered office

Chaussée de Louvain 498 box C6
1380 Lasne · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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	89,3 k €	+8.4%	82,4 k €	-28.4%	115,1 k €	+62.8%	70,7 k €	+6.1%	66,6 k €	-9.6%	73,7 k €	-1.2%	74,6 k €	-3.9%	77,6 k €	+2.3%	75,8 k €	+64.2%	46,2 k €	-35.8%	71,9 k €	-15.8%	85,4 k €	+58.3%	54 k €	+71.2%	31,5 k €	-80.7%	163 k €	+7.5%	151,6 k €	-17.7%	184,2 k €	+32.6%	138,9 k €	-13.3%	160,1 k €
EBITDA	77,7 k €	+9.2%	71,1 k €	-31.8%	104,2 k €	+90.7%	54,6 k €	-3.6%	56,7 k €	-10.6%	63,4 k €	-1.4%	64,3 k €	+4.3%	61,7 k €	-5.7%	65,4 k €	+88.9%	34,6 k €	-44.1%	61,9 k €	-18.1%	75,6 k €	+46.7%	51,5 k €	+108%	24,8 k €	-82.2%	139,4 k €	+12.7%	123,7 k €	-26.7%	168,7 k €	+111%	80,1 k €	-26.3%	108,6 k €
Operating result	43,9 k €	+53.4%	28,6 k €	-52.0%	59,6 k €	+693%	-10,1 k €	-29.0%	-7,8 k €	-868%	1 k €	-57.5%	2,4 k €	+151%	-4,7 k €	-119%	24,3 k €	+201%	-24 k €	-195%	-8,1 k €	-240%	5,8 k €	+133%	-17,9 k €	+58.8%	-43,4 k €	-157%	76,4 k €	+6.4%	71,9 k €	-38.8%	117,4 k €	+313%	28,5 k €	-53.9%	61,7 k €
Net result	28,9 k €	+36.4%	21,2 k €	-57.6%	50,1 k €	+515%	-12,1 k €	+0.2%	-12,1 k €	-46.0%	-8,3 k €	+53.8%	-17,9 k €	+35.6%	-27,8 k €	-755%	4,2 k €	-98.4%	264,9 k €	+1176%	-24,6 k €	+43.9%	-43,9 k €	+41.4%	-74,9 k €	-112%	626,7 k €	+98.2%	316,3 k €	+6073%	-5,3 k €	-111%	49,3 k €	+195%	-51,7 k €	-205%	49,3 k €
Balance sheet
Equity	969,2 k €	-0.7%	976,3 k €	-0.1%	977,1 k €	-1.0%	987 k €	-19.8%	1,2 M €	-8.4%	1,3 M €	-7.5%	1,5 M €	-1.2%	1,5 M €	-1.9%	1,5 M €	+0.3%	1,5 M €	+21.6%	1,2 M €	-2.0%	1,3 M €	-12.3%	1,4 M €	-5.0%	1,5 M €	+71.6%	875,5 k €	+56.6%	559,3 k €	-0.9%	564,6 k €	+9.6%	515,2 k €	-9.1%	566,9 k €
Total assets	1,1 M €	+1.0%	1 M €	-0.5%	1 M €	-8.5%	1,1 M €	-7.1%	1,2 M €	-8.4%	1,3 M €	-12.5%	1,5 M €	-0.9%	1,6 M €	-17.0%	1,9 M €	-9.7%	2,1 M €	-1.8%	2,1 M €	-7.1%	2,3 M €	-4.9%	2,4 M €	-5.4%	2,5 M €	+10.6%	2,3 M €	+9.2%	2,1 M €	+37.3%	1,5 M €	-1.7%	1,6 M €	-2.7%	1,6 M €
Cash	81,4 k €	+118%	37,4 k €	+757%	4,4 k €	-91.3%	50,1 k €	-38.8%	81,9 k €	-42.8%	143 k €	-49.8%	285,2 k €	+16.6%	244,6 k €	-61.2%	630,2 k €	+392%	128 k €	+178%	46,1 k €	-78.6%	215,9 k €	+30.4%	165,6 k €	-74.3%	644,3 k €	+2539%	24,4 k €	-90.0%	243,9 k €	+407%	48,1 k €	+136%	20,4 k €	-45.6%	37,5 k €
Debts	22,2 k €	+501%	3,7 k €	-35.8%	5,7 k €	-93.7%	91,1 k €	+1762%	4,9 k €	-26.7%	6,7 k €	-92.5%	88,7 k €	+1.1%	87,7 k €	-76.8%	378,9 k €	-34.9%	582,2 k €	-34.4%	887,4 k €	-12.5%	1 M €	+8.2%	938 k €	-8.6%	1 M €	-26.6%	1,4 M €	-8.9%	1,5 M €	+62.5%	944,6 k €	-7.5%	1 M €	+0.7%	1 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,4 ETP	0.0%	0,4 ETP	+33.3%	0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 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 · 9 ended

Active mandates

René Thielemans

Managing director · since 08 juillet 2022 · until 14 juillet 2025

Active

CHANTAL THIELEMANS

Director

Active

Ended mandates

Chantal THIELEMANS

Director · since 21 juin 2006 · until 21 juin 2012

Ended

Didier Thielemans

Director · since 21 juin 2006 · until 21 juin 2012

Ended

René Thielemans

Managing director · since 21 juin 2006 · until 21 juin 2012

Ended

Chantal Thielemans

Managing director

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged 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	30/06/2026	27/06/2025	24/06/2024	23/06/2023	02/08/2022	29/07/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	21/06/2023	30/03/2022	27/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	17/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	18/06/2025	27/06/2025	French	PDF
Micro model	31/12/2023	19/06/2024	24/06/2024	French	PDF
Micro model	31/12/2022	21/06/2023	23/06/2023	French	PDF
Abridged model	31/12/2021	30/03/2022	02/08/2022	French	PDF
Abridged model	31/12/2020	27/03/2021	29/07/2021	French	PDF
Abridged model	31/12/2019	27/03/2020	31/07/2020	French	PDF
Abridged model	31/12/2018	27/03/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	31/01/2018	16/03/2018	French	PDF
Abridged model	31/12/2016	24/03/2017	27/03/2017	French	PDF
Abridged model	31/12/2015	21/01/2016	03/03/2016	French	PDF
Abridged model	31/12/2014	24/08/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	23/06/2014	French	PDF
Abridged model	31/12/2012	19/06/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	31/07/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	17/06/2009	17/06/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	26/07/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	02/07/2007	Dutch	PDF

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 · 9 ended

Active mandates

René Thielemans

Managing director · since 08 juillet 2022 · until 14 juillet 2025

Active

CHANTAL THIELEMANS

Director

Active

Ended mandates

Chantal THIELEMANS

Director · since 21 juin 2006 · until 21 juin 2012

Ended

Didier Thielemans

Director · since 21 juin 2006 · until 21 juin 2012

Ended

René Thielemans

Managing director · since 21 juin 2006 · until 21 juin 2012

Ended

Chantal Thielemans

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates01/08/2022
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/01/2019
DEMISSIONS, NOMINATIONS
PDF
Registered office22/11/2016
SIEGE SOCIAL
PDF
Mandates30/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/07/2009
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares05/01/2007
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202528,9 k €↑
2024
Annual accounts 202421,2 k €↓
2023
Annual accounts 202350,1 k €↑
2022
Annual accounts 2022-12,1 k €↑
2021
Annual accounts 2021-12,1 k €↓
2020
Annual accounts 2020-8,3 k €↑
2019
Annual accounts 2019-17,9 k €↑
2018
Annual accounts 2018-27,8 k €↓
2017
Annual accounts 20174,2 k €↓
2016
Annual accounts 2016264,9 k €↑
2015
Annual accounts 2015-24,6 k €↑
2014
Annual accounts 2014-43,9 k €↑
2013
Annual accounts 2013-74,9 k €↓
2012
Annual accounts 2012626,7 k €↑
2011
Annual accounts 2011316,3 k €↑
2010
Annual accounts 2010-5,3 k €↓
2009
Annual accounts 200949,3 k €↑
2008
Annual accounts 2008-51,7 k €↓
2007
Annual accounts 200749,3 k €
14/01/1994
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

IPR

Overview

What does IPR 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