ACTIVE

IPAM

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Financial year 2025 · closed on 30/06/2025

Net result

85,1 k €

-12.0% YoY

Gross margin

198,4 k €

-0.8% YoY

Equity

945,4 k €

+9.9% YoY

What does IPAM do?

IPAM is a Private limited company incorporated in 1998. Its main activity is: Activities of holding companies. Its registered office is in Zonhoven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.852.803

Incorporation

15/12/1998

Legal form

Private limited company

Registered office

Oppelsenweg 69 box A
3520 Zonhoven · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 41101Development of building projects 68121Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	198,4 k €	-0.8%	199,9 k €	-35.9%	312 k €	+129%	135,9 k €	-75.0%	544,6 k €	+361%	118,1 k €	-2.9%	121,6 k €	-25.8%	164 k €	+12.3%	146,1 k €	-42.6%	254,3 k €	+34.2%	189,5 k €	-6.2%	202 k €	-4.0%	210,3 k €	+110%	100,3 k €	+44.1%	69,6 k €	-21.2%	88,4 k €	+15.1%	76,8 k €	+0.6%	76,3 k €
EBITDA	194,7 k €	+11.7%	174,2 k €	-42.2%	301,3 k €	+139%	125,9 k €	-76.6%	538,3 k €	+370%	114,6 k €	+19.5%	95,9 k €	-35.1%	147,8 k €	+11.2%	133 k €	-46.3%	247,4 k €	+31.2%	188,6 k €	-4.8%	198,2 k €	-2.1%	202,5 k €	+105%	98,7 k €	+43.7%	68,7 k €	-21.1%	87,1 k €	+14.9%	75,8 k €	+3.5%	73,3 k €
Operating result	142,6 k €	+10.2%	129,4 k €	-49.4%	255,9 k €	+265%	70,1 k €	-85.9%	496,5 k €	+635%	67,5 k €	+46.4%	46,1 k €	-50.0%	92,2 k €	+21.0%	76,2 k €	-27.8%	105,5 k €	-28.2%	146,9 k €	-8.2%	160,1 k €	-2.9%	164,9 k €	+159%	63,6 k €	+255%	17,9 k €	-59.7%	44,5 k €	-23.5%	58,2 k €	-13.9%	67,5 k €
Net result	85,1 k €	-12.0%	96,8 k €	-18.7%	119 k €	+1576%	-8,1 k €	-102%	408,9 k €	+1247%	30,3 k €	+108%	14,6 k €	+3.4%	14,1 k €	-33.4%	21,1 k €	-74.3%	82,2 k €	-9.8%	91,1 k €	-8.5%	99,6 k €	+17.3%	84,9 k €	+260%	23,6 k €	+372%	-8,7 k €	-135%	24,5 k €	-52.7%	51,7 k €	-17.3%	62,5 k €
Balance sheet
Equity	945,4 k €	+9.9%	860,4 k €	+12.7%	763,6 k €	+18.5%	644,6 k €	-1.2%	652,6 k €	+168%	243,7 k €	+14.2%	213,4 k €	+7.3%	198,8 k €	-7.4%	214,7 k €	-11.8%	243,4 k €	+29.3%	188,2 k €	+93.8%	97,1 k €	+4012%	-2,5 k €	+97.2%	-87,4 k €	+21.3%	-111 k €	-8.5%	-102,3 k €	+19.3%	-126,8 k €	+29.0%	-178,5 k €
Total assets	1,7 M €	+6.0%	1,6 M €	+8.3%	1,5 M €	-23.4%	2 M €	-12.0%	2,3 M €	+120%	1 M €	-12.8%	1,2 M €	+5.6%	1,1 M €	-7.4%	1,2 M €	-15.8%	1,4 M €	+58.0%	903,2 k €	+39.4%	647,9 k €	+8.9%	595,1 k €	+16.4%	511,2 k €	-0.1%	511,6 k €	+19.7%	427,5 k €	+150%	171,2 k €	+50.6%	113,6 k €
Cash	1,5 k €	+30.1%	1,1 k €	-44.7%	2,1 k €	+532%	326,6 €	-86.8%	2,5 k €	+6.3%	2,3 k €	-7.9%	2,5 k €	+157%	984,4 €		–		–		273,6 k €	+6818%	4 k €	+7701%	50,7 €	-0.3%	50,9 €	-99.6%	13,8 k €	-42.9%	24,1 k €	-7.6%	26,1 k €	+14.0%	22,9 k €
Debts	777,6 k €	+2.2%	760,7 k €	+4.2%	729,9 k €	-45.6%	1,3 M €	-16.3%	1,6 M €	+107%	774,5 k €	-17.1%	933,8 k €	+2.3%	912,6 k €	-7.5%	986,6 k €	-16.2%	1,2 M €	+152%	467,8 k €	-15.1%	550,7 k €	-7.8%	597,5 k €	-0.2%	598,6 k €	-3.2%	618,2 k €	+16.7%	529,8 k €	+77.8%	298 k €	+2.0%	292,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 6 ended

Active mandates

Rudi Wouters

Mandate

Active

Ended mandates

Rudi Guy M Wouters

Mandate · since 09 juin 2002

Ended

Rudi Guy M Wouters

Manager · since 09 juin 2002

Ended

Rudi Wouters

Director · since 09 juin 2002

Ended

Rudi Wouters

Administrator - manager · since 09 juin 2002

Ended

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	01/07/2024	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	07/01/2026	26/02/2025	31/01/2024	31/01/2023	31/01/2023	01/02/2021
General meeting	31/12/2025	31/12/2024	29/12/2023	30/12/2022	30/11/2021	30/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	31/12/2025	07/01/2026	Dutch	PDF
Micro model	30/06/2024	31/12/2024	26/02/2025	Dutch	PDF
Micro model	30/06/2023	29/12/2023	31/01/2024	Dutch	PDF
Micro model	30/06/2022	30/12/2022	31/01/2023	Dutch	PDF
Micro model	30/06/2021	30/11/2021	31/01/2023	Dutch	PDF
Micro model	30/06/2020	30/11/2020	01/02/2021	Dutch	PDF
Micro model	30/06/2019	30/11/2019	31/01/2020	Dutch	PDF
Micro model	30/06/2018	30/11/2018	15/01/2019	Dutch	PDF
Micro model	30/06/2017	30/11/2017	15/01/2018	Dutch	PDF
Abridged model	30/06/2016	24/04/2017	25/04/2017	Dutch	PDF
Abridged model	30/06/2015	29/01/2016	09/02/2016	Dutch	PDF
Abridged model	30/06/2014	30/11/2014	06/02/2015	Dutch	PDF
Abridged model	30/06/2013	30/11/2013	18/02/2014	Dutch	PDF
Abridged model	30/06/2012	30/11/2012	19/02/2013	Dutch	PDF
Abridged model	30/06/2011	31/05/2012	05/06/2012	Dutch	PDF
Abridged model	30/06/2010	30/11/2010	14/02/2011	Dutch	PDF
Abridged model	30/06/2009	15/01/2010	15/02/2010	Dutch	PDF
Abridged model	30/06/2008	15/01/2009	13/02/2009	Dutch	PDF
Abridged model	30/06/2007	31/12/2007	31/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/06/2025 · 1 active · 6 ended

Active mandates

Rudi Wouters

Mandate

Active

Ended mandates

Rudi Guy M Wouters

Mandate · since 09 juin 2002

Ended

Rudi Guy M Wouters

Manager · since 09 juin 2002

Ended

Rudi Wouters

Director · since 09 juin 2002

Ended

Rudi Wouters

Administrator - manager · since 09 juin 2002

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares23/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other21/03/2005
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR
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 202585,1 k €↓
2024
Annual accounts 202496,8 k €↓
2023
Annual accounts 2023119 k €↑
2022
Annual accounts 2022-8,1 k €↓
2021
Annual accounts 2021408,9 k €↑
2020
Annual accounts 202030,3 k €↑
2019
Annual accounts 201914,6 k €↑
2018
Annual accounts 201814,1 k €↓
2017
Annual accounts 201721,1 k €↓
2015
Annual accounts 201582,2 k €↓
2014
Annual accounts 201491,1 k €↓
2013
Annual accounts 201399,6 k €↑
2012
Annual accounts 201284,9 k €↑
2011
Annual accounts 201123,6 k €↑
2010
Annual accounts 2010-8,7 k €↓
2009
Annual accounts 200924,5 k €↓
2008
Annual accounts 200851,7 k €↓
2007
Annual accounts 200762,5 k €
15/12/1998
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

IPAM

Overview

What does IPAM do?

Trend over 18 financial years

Indicative valuation

Board of directors

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