ACTIVE

IPARCO

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Financial year 2025 · closed on 31/12/2025
Net result
98,6 k €
+332.3% YoY
Gross margin
262,8 k €
+29.7% YoY
Equity
2,5 M €
-3.0% YoY

What does IPARCO do?

IPARCO is a Public limited company incorporated in 1998. Its main activity is: Activities of holding companies. Its registered office is in Forest.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0464.312.868
Incorporation
08/10/1998
Legal form
Public limited company
Registered office
Rue des Anciens Etangs 40
1190 Forest · BruxellesSee on map
Contributed capital
1 408 112,85 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820162015201420132012201120102009200820072006
Income statement
Gross margin262,8 k €202,7 k €116,7 k €59,7 k €453,5 k €381,2 k €391,8 k €334,1 k €371,3 k €99,4 k €173,0 k €63,2 k €118,1 k €33,7 k €72,2 k €343,0 k €-35,5 k €19,1 k €175,5 k €
EBITDA245,2 k €186,0 k €100,5 k €11,9 k €435,3 k €358,2 k €352,4 k €321,0 k €302,1 k €87,6 k €167,6 k €57,8 k €113,2 k €28,8 k €67,8 k €323,3 k €-41,6 k €11,5 k €369,0 k €
Operating result100,6 k €1,4 k €-52,8 k €-134,1 k €297,9 k €218,0 k €208,8 k €184,2 k €186,1 k €-25,8 k €52,4 k €-57,4 k €-7,2 k €-93,1 k €-52,0 k €209,2 k €-145,9 k €-85,9 k €299,9 k €
Net result98,6 k €22,8 k €26,3 k €259,0 k €196,2 k €176,1 k €177,7 k €159,4 k €111,8 k €-105,9 k €4,9 k €-150,5 k €-156,9 k €-166,0 k €-125,8 k €219,7 k €-222,1 k €72,8 k €146,6 k €
Balance sheet
Equity2,5 M €2,6 M €2,6 M €2,6 M €2,3 M €2,1 M €1,9 M €1,7 M €1,5 M €1,4 M €801,5 k €796,6 k €947,1 k €1,1 M €1,3 M €1,4 M €1,2 M €1,4 M €1,3 M €
Total assets4,6 M €4,1 M €4,2 M €3,6 M €3,2 M €3,0 M €2,9 M €3,3 M €3,1 M €3,2 M €2,9 M €3,2 M €3,4 M €3,3 M €3,5 M €3,8 M €3,6 M €3,7 M €3,5 M €
Cash751,8 k €148,0 k €79,2 k €1,2 M €226,4 k €516,6 k €209,1 k €45,0 k €587,5 k €509,9 k €50,7 k €24,0 k €84,7 k €31,2 k €31,5 k €61,2 k €29,6 k €122,7 k €158,9 k €
Debts2,0 M €1,4 M €1,5 M €979,6 k €806,1 k €911,6 k €984,6 k €1,5 M €1,6 M €1,8 M €2,1 M €2,4 M €2,4 M €2,2 M €2,2 M €2,4 M €2,4 M €2,3 M €2,2 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Axel Boedts

Managing director · until 17 mai 2032

Active
Evi De Maeseneire

Director · until 17 mai 2032

Active

Ended mandates

Evi De Maeseneire

Director · since 18 décembre 2020 · until 18 décembre 2026

Ended
Axel Boedts

Director · since 26 septembre 2019 · until 26 juin 2025

Ended
Axel Boedts

Managing director · since 26 septembre 2019 · until 26 juin 2025

Ended
Axel Boedts

Managing director · since 26 septembre 2019 · until 26 septembre 2025

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged 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 date29/05/202605/06/202521/08/202412/07/202322/06/202211/06/2021
General meeting17/05/202618/05/202530/06/202425/06/202325/05/202216/05/2021
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
Abridged model31/12/202517/05/202629/05/2026DutchPDF
Abridged model31/12/202418/05/202505/06/2025DutchPDF
Micro model31/12/202330/06/202421/08/2024DutchPDF
Micro model31/12/202225/06/202312/07/2023DutchPDF
Micro model31/12/202125/05/202222/06/2022DutchPDF
Micro model31/12/202016/05/202111/06/2021DutchPDF
Micro model31/12/201910/07/202007/08/2020DutchPDF
Micro model31/12/201819/05/201906/06/2019DutchPDF
Micro model31/12/201730/06/201826/09/2018DutchPDF
Micro model31/12/201621/05/201724/05/2017DutchPDF
Abridged model31/12/201517/05/201627/05/2016DutchPDF
Abridged model31/12/201418/05/201529/05/2015DutchPDF
Abridged model31/12/201306/06/201410/06/2014DutchPDF
Abridged model31/12/201221/05/201321/06/2013DutchPDF
Abridged model31/12/201115/06/201213/07/2012DutchPDF
Abridged model31/12/201030/06/201114/07/2011DutchPDF
Abridged model31/12/200925/06/201030/06/2010DutchPDF
Abridged model31/12/200830/06/200928/08/2009DutchPDF
Abridged model31/12/200730/06/200830/09/2008DutchPDF
Abridged model31/12/200630/06/200730/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 15 ended

Active mandates

Axel Boedts

Managing director · until 17 mai 2032

Active
Evi De Maeseneire

Director · until 17 mai 2032

Active

Ended mandates

Evi De Maeseneire

Director · since 18 décembre 2020 · until 18 décembre 2026

Ended
Axel Boedts

Director · since 26 septembre 2019 · until 26 juin 2025

Ended
Axel Boedts

Managing director · since 26 septembre 2019 · until 26 juin 2025

Ended
Axel Boedts

Managing director · since 26 septembre 2019 · until 26 septembre 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office12/01/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates05/01/2021
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring04/01/2018
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring17/11/2017
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares07/09/2015
    KAPITAAL - AANDELEN
    PDF
  • Mandates22/07/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office01/06/2010
    MAATSCHAPPELIJKE ZETEL
    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 202598,6 k €↑
  2. 2024
    Annual accounts 202422,8 k €↓
  3. 2023
    Annual accounts 202326,3 k €↓
  4. 2022
    Annual accounts 2022259,0 k €↑
  5. 2021
    Annual accounts 2021196,2 k €↑
  6. 2020
    Annual accounts 2020176,1 k €↓
  7. 2019
    Annual accounts 2019177,7 k €↑
  8. 2018
    Annual accounts 2018159,4 k €↑
  9. 2016
    Annual accounts 2016111,8 k €↑
  10. 2015
    Annual accounts 2015-105,9 k €↓
  11. 2014
    Annual accounts 20144,9 k €↑
  12. 2013
    Annual accounts 2013-150,5 k €↑
  13. 2012
    Annual accounts 2012-156,9 k €↑
  14. 2011
    Annual accounts 2011-166,0 k €↓
  15. 2010
    Annual accounts 2010-125,8 k €↓
  16. 2009
    Annual accounts 2009219,7 k €↑
  17. 2008
    Annual accounts 2008-222,1 k €↓
  18. 2007
    Annual accounts 200772,8 k €↓
  19. 2006
    Annual accounts 2006146,6 k €
  20. 08/10/1998
    IncorporationPublic limited company