NORMAL SITUATION

IPG IT SOLUTIONS

Financial year 2022 · closed on 31/12/2022
Net result
240,3 k €
-10.0% YoY
Revenue
5,9 M €
+2.7% YoY
Equity
999,8 k €
+31.6% YoY
Workforce
22,1 ETP
-6.0% YoY

Company — Normal situation.

What does IPG IT SOLUTIONS do?

IPG IT SOLUTIONS is a company registered in Belgium. It employs on average 22,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0465.358.092
Legal form
Public limited company
Contributed capital
4 590 052,36 €
Latest accounts
31/12/2022
Average workforce
22,1 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202220212020201920182017201620152014201320122011201020092007
Income statement
Revenue5,9 M €5,7 M €5,1 M €5,5 M €5,8 M €6 M €5,3 M €5,5 M €2,6 M €110,4 k €356,4 k €
EBITDA976,3 k €1,1 M €991,6 k €1,5 M €1,5 M €1,7 M €1,5 M €1,6 M €1,2 M €-17,2 k €30 k €-1,2 k €-3,9 k €-5,3 k €-3,2 k €
Operating result351,5 k €402,4 k €85,3 k €277,3 k €122,1 k €65,8 k €-25,3 k €418,5 k €674,9 k €-17,2 k €30 k €-1,2 k €-3,9 k €-5,3 k €-3,2 k €
Net result240,3 k €266,9 k €-52,9 k €189 k €-2,5 M €-48,4 k €-123,3 k €300,1 k €570,7 k €-234 k €-186,8 k €-218 k €-220,7 k €52 k €93,6 k €
Balance sheet
Equity999,8 k €759,5 k €492,6 k €-3 M €-3,2 M €-753,6 k €-705,2 k €-581,9 k €-882 k €-1,5 M €-1,2 M €-1 M €-814 k €-593,3 k €-1,5 M €
Total assets2,9 M €2,8 M €2,6 M €5 M €5,9 M €8,2 M €9,5 M €9,5 M €8,5 M €4,9 M €4,9 M €4,8 M €4,8 M €4,8 M €3,6 M €
Cash71,4 k €51,7 k €41,2 k €20,6 k €26,2 k €14 k €17,5 k €179,4 k €5,5 k €35,7 k €41,1 k €11,2 k €21,9 k €22 k €30,3 k €
Debts1,9 M €2 M €2 M €8 M €9,1 M €8,9 M €10,2 M €10,1 M €9,4 M €6,3 M €6,1 M €5,9 M €5,7 M €5,4 M €5,1 M €
Other
Workforce22,1 ETP23,5 ETP23,1 ETP23,7 ETP28,2 ETP36,3 ETP26,1 ETP26,9 ETP12,6 ETP
Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 30 ended

Active mandates

WEngage International

Director · since 01 janvier 2022 · until 19 juin 2026 · 0879.144.256

Represented by Hilde FAMAEY

Active
The Effect

Director · since 19 février 2020 · until 19 juin 2026 · 0734.866.159

Represented by Wim HOFMANS

Active
REFE BEHEER BV BO

Director · since 01 mai 2018 · until 19 juin 2026

Represented by Wim VINTGES

Active

Ended mandates

WEngage International

Director · since 01 janvier 2022 · until 19 juin 2026 · 0879.144.256

Represented by Hilde FAMAEY

Ended
The Effect

Director · since 19 février 2020 · until 29 juin 2026 · 0734.866.159

Represented by Wim HOFMANS

Ended
The Effect

Director · since 19 février 2020 · until 19 juin 2026 · 0734.866.159

Represented by Wim HOFMANS

Ended
REFE BEHEER BV BO

Director · since 01 mai 2018 · until 30 avril 2024

Represented by Wim VINTGES

Ended
Annual accounts

Full financial information

202220212020201920182017
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202201/01/202101/01/202001/01/201901/01/201801/01/2017
Closing of the financial year31/12/202231/12/202131/12/202031/12/201931/12/201831/12/2017
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/07/202315/07/202214/07/202122/07/202026/07/201926/07/2018
General meeting30/06/202317/06/202225/06/202119/06/202028/06/201910/07/2018
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

26 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202230/06/202305/07/2023DutchPDF
Full model31/12/202117/06/202215/07/2022DutchPDF
Full model31/12/202025/06/202114/07/2021DutchPDF
Full model31/12/201919/06/202022/07/2020DutchPDF
Full model31/12/201828/06/201926/07/2019DutchPDF
Full model31/12/201710/07/201826/07/2018DutchPDF
Full model31/12/201627/06/201727/07/2017DutchPDF
Full model31/12/201517/06/201619/07/2016DutchPDF
Full model31/12/201430/06/201529/07/2015DutchPDF
Full model31/12/201326/06/201428/07/2014DutchPDF
Full model31/12/201210/05/201321/05/2013DutchPDF
Full model31/12/201110/05/201215/05/2012DutchPDF
Full model31/12/201014/06/201114/07/2011DutchPDF
Full model31/12/200914/05/201001/06/2010DutchPDF
Full model31/12/200814/05/200927/05/2009DutchPDF
Full model31/12/200708/05/200805/06/2008DutchPDF
Full modelCorrection31/12/200610/05/200718/12/2007DutchPDF
Full model31/12/200610/05/200706/06/2007DutchPDF
Full model31/12/200511/05/200608/06/2006DutchPDF
Full modelCorrection31/12/200429/06/200514/07/2005DutchPDF
Full model31/12/200412/05/200502/06/2005DutchPDF
Full model31/12/200313/05/200417/06/2004DutchPDF
Full model31/12/200230/06/200324/07/2003DutchPDF
Full model31/12/200126/06/200220/02/2004DutchPDF

View all 26 filings

Estimate

Indicative valuation

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 31/12/2022 · 3 active · 30 ended

Active mandates

WEngage International

Director · since 01 janvier 2022 · until 19 juin 2026 · 0879.144.256

Represented by Hilde FAMAEY

Active
The Effect

Director · since 19 février 2020 · until 19 juin 2026 · 0734.866.159

Represented by Wim HOFMANS

Active
REFE BEHEER BV BO

Director · since 01 mai 2018 · until 19 juin 2026

Represented by Wim VINTGES

Active

Ended mandates

WEngage International

Director · since 01 janvier 2022 · until 19 juin 2026 · 0879.144.256

Represented by Hilde FAMAEY

Ended
The Effect

Director · since 19 février 2020 · until 29 juin 2026 · 0734.866.159

Represented by Wim HOFMANS

Ended
The Effect

Director · since 19 février 2020 · until 19 juin 2026 · 0734.866.159

Represented by Wim HOFMANS

Ended
REFE BEHEER BV BO

Director · since 01 mai 2018 · until 30 avril 2024

Represented by Wim VINTGES

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2022
    Annual accounts 2022240,3 k €
  2. 2021
    Annual accounts 2021266,9 k €
  3. 2020
    Annual accounts 2020-52,9 k €
  4. 2019
    Annual accounts 2019189 k €
  5. 2018
    Annual accounts 2018-2,5 M €
  6. 2017
    Annual accounts 2017-48,4 k €
  7. 2016
    Annual accounts 2016-123,3 k €
  8. 2015
    Annual accounts 2015300,1 k €
  9. 2014
    Annual accounts 2014570,7 k €
  10. 2013
    Annual accounts 2013-234 k €
  11. 2012
    Annual accounts 2012-186,8 k €
  12. 2011
    Annual accounts 2011-218 k €
  13. 2010
    Annual accounts 2010-220,7 k €
  14. 2009
    Annual accounts 200952 k €
  15. 2007
    Annual accounts 200793,6 k €