ACTIVE

IP Trade

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Financial year 2026 · Closed on 31/03/2026

Net result7 M €+217,5 %over 1 year

Revenue10,4 M €+87,0 %over 1 year

Equity19,2 M €+56,7 %over 1 year

Workforce22,0 ETP-3,9 %over 1 year

Identity

Source · BCE/KBO

IP Trade is a Public limited company incorporated in 2000. Its main activity is: Manufacture of communication equipment. Its registered office is in Liège. It employs on average 22,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0473.113.837
Incorporation: 24/10/2000
Legal form: Public limited company
Registered office: Rue des Guillemins 129
4000 Liège · WallonieSee on map
Contributed capital: 4 382 278,00 €
Latest accounts: 31/03/2026
Average workforce: 22,0 ETP

Activities (NACE)

26300Manufacture of communication equipment· main 26300Manufacture of communication equipment 62010Computer programming activities 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2026		2025		2024		2023		2022
Income statement
Revenue	10,4 M €	+87.0%	5,5 M €	-9.0%	6,1 M €	-33.7%	9,2 M €	-50.4%	18,5 M €
EBITDA	8,3 M €	+200%	2,8 M €	-21.0%	3,5 M €	-37.0%	5,6 M €	-58.1%	13,3 M €
Operating result	6,7 M €	+586%	982,2 k €	-28.6%	1,4 M €	-59.0%	3,4 M €	-68.7%	10,7 M €
Net result	7 M €	+218%	2,2 M €	-4.7%	2,3 M €	-35.3%	3,6 M €	-65.7%	10,4 M €
Balance sheet
Equity	19,2 M €	+56.7%	12,3 M €	-56.3%	28,1 M €	+8.9%	25,8 M €	+16.0%	22,2 M €
Total assets	21,8 M €	+46.5%	14,9 M €	-51.0%	30,3 M €	+6.2%	28,6 M €	+13.3%	25,2 M €
Cash	233,2 k €	-7.0%	250,9 k €	-48.0%	482,9 k €	+31.3%	367,9 k €	+147%	149 k €
Debts	619,8 k €	-47.7%	1,2 M €	+42.5%	831,8 k €	-28.5%	1,2 M €	-11.2%	1,3 M €
Other
Workforce	22,0 ETP	-3.9%	22,9 ETP	0.0%	22,9 ETP	-19.6%	28,5 ETP	-23.4%	37,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

4 active · 21 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christopher James Edwards	Directorsince 29/05/2026
Geert Eylenbosch	Director27/06/2023 → 12/09/2028
Laura Galvin	Director27/06/2023 → 12/09/2028
Rodrigo Benito Alonso	Director27/06/2023 → 12/09/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Colin Bannon	Director29/04/2019 → 2022 accounts
David Payne	Directorlisted until the 2016 accounts

Other companies at this address

Rue des Guillemins 129 4000 Liège

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ARDENT BETTING● Active	0459.573.924
ARDENT CASINO INTERNATIONAL● Active	0700.809.954
BIGB GAMING● Active	0779.530.008
CIRCUS BELGIUM● Active	0451.000.609
CIRCUS SERVICES● Active	0864.036.507
CORTEX HOLDING● Active	0555.947.679
EURO 78● Active	0423.111.426
Fondation Privée FOUNDATION1● Active	0788.196.759
FOUNDATION ALLIN1● Active	1009.343.594
GAMBLING MANAGEMENT● Active	0859.984.677
GAMBLING REAL ESTATE● Active	0700.808.271
GAMES SERVICES● Active	0423.669.076
GAMING ARDENT● Active	0667.768.487
HQ1● Active	0738.871.467
LUCKY BET● Active	0843.750.342
Meuse Bidco● Active	0778.683.336
Meuse Finco● Active	0778.734.311
Meuse Midco● Active	0778.513.684
NAMUR CASINO RESORT● Active	0654.871.150

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/10/2026	29/09/2025	30/09/2024	26/09/2023	27/09/2022	29/09/2021
General meeting	29/09/2026	26/09/2025	23/09/2024	25/09/2023	27/09/2022	27/09/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2026	29/09/2026	05/10/2026	French	PDF
Full model	31/03/2025	26/09/2025	29/09/2025	French	PDF
Full model	31/03/2024	23/09/2024	30/09/2024	French	PDF
Full model	31/03/2023	25/09/2023	26/09/2023	French	PDF
Full model	31/03/2022	27/09/2022	27/09/2022	French	PDF
Full model	31/03/2021	27/09/2021	29/09/2021	French	PDF
Full model	31/03/2020	30/09/2020	29/10/2020	French	PDF
Full model	31/03/2019	19/09/2019	30/10/2019	French	PDF
Full model	31/03/2018	11/09/2018	28/09/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	23/05/2016	31/05/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	01/06/2015	French	PDF
Abridged modelCorrection	31/12/2013	12/05/2014	29/09/2014	French	PDF
Abridged model	31/12/2013	12/05/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	13/05/2013	16/05/2013	French	PDF
Abridged model	31/12/2011	14/05/2012	25/06/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	30/06/2011	French	PDF
Abridged model	31/12/2009	22/06/2010	15/07/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	05/06/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	14/05/2007	13/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/03/2026

4 active · 21 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christopher James Edwards	Directorsince 29/05/2026
Geert Eylenbosch	Director27/06/2023 → 12/09/2028
Laura Galvin	Director27/06/2023 → 12/09/2028
Rodrigo Benito Alonso	Director27/06/2023 → 12/09/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Colin Bannon	Director29/04/2019 → 2022 accounts
David Payne	Directorlisted until the 2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/07/2026
Démission - nomination administrateurs
PDF
Mandates18/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates10/10/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office10/10/2024
SIEGE SOCIAL
PDF
Mandates06/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates08/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates03/06/2019
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Christopher James Edwards

Laura Galvin

Rodrigo Benito Alonso

Geert Eylenbosch

Colin BANNON

Tomas VANDERICK

Steve LOCKWOOD

David PAYNE

SYRACH

CHENICLEM PRIVATE EQUITY sa

SIT GROUP Participations sa

Jean-François GEYS

Show the 13 other mandates

20002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

IP Trade

Rue des Guillemins 129, 4000 LiègeRue de l'Aéropostale 8, 4460 Grâce-Hollogne

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Guillemins 129, 4000 LiègeCurrent	accounts 2025 → 2026	Accounts 2026 · 2026-00547812
Rue de l'Aéropostale 8, 4460 Grâce-Hollogne	accounts 2022 → 2024	Accounts 2024 · 2024-00484314

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
IP TradeCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00547812

Events

2026
Annual accounts 20267 M €↑
2025
Annual accounts 20252,2 M €↓
2024
Annual accounts 20242,3 M €↓
2023
Annual accounts 20233,6 M €↓
2022
Annual accounts 202210,4 M €↑
2021
Annual accounts 20214 M €↑
2019
Annual accounts 20191,9 M €↑
2018
Annual accounts 2018-3,7 M €↓
2016
Annual accounts 2016996,2 k €↑
2015
Annual accounts 2015232,7 k €↑
2014
Annual accounts 2014117,2 k €↓
2013
Annual accounts 2013489,9 k €↑
2012
Annual accounts 201246,8 k €↓
2011
Annual accounts 20113 M €↑
2010
Annual accounts 2010-2,7 M €↓
2009
Annual accounts 2009-2,4 M €↑
2008
Annual accounts 2008-3 M €↑
2007
Annual accounts 2007-3,4 M €↓
2006
Annual accounts 2006-982,3 k €
24/10/2000
IncorporationPublic limited company

IP Trade

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events