ACTIVE

IP MODUS

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Financial year 2025 · closed on 31/12/2025

Net result

32,6 k €

-1.6% YoY

Gross margin

53,7 k €

-5.1% YoY

Equity

151,1 k €

+3.3% YoY

What does IP MODUS do?

IP MODUS is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.004.914

Incorporation

16/07/2002

Legal form

Private limited company

Registered office

Avenue Belle Vue 120
1410 Waterloo · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	53,7 k €	-5.1%	56,6 k €	-27.9%	78,5 k €	-16.7%	94,2 k €	+40.6%	67 k €	-41.6%	114,7 k €	+20.5%	95,2 k €	+159%	36,8 k €	-66.7%	110,4 k €	+32.5%	83,4 k €	+61.5%	51,6 k €	-70.6%	175,6 k €	-3.8%	182,6 k €	+8.9%	167,6 k €	+62.1%	103,4 k €	+78.5%	57,9 k €	-19.4%	71,9 k €	+158%	27,9 k €	+431%	-8,4 k €	-1129%	-685 €
EBITDA	53,3 k €	-5.3%	56,3 k €	-28.0%	78,2 k €	-16.5%	93,7 k €	+41.3%	66,3 k €	-41.8%	114 k €	+20.7%	94,5 k €	+183%	33,4 k €	-69.4%	109 k €	+32.0%	82,6 k €	+62.7%	50,8 k €	-70.7%	173,3 k €	-4.4%	181,4 k €	+8.7%	166,8 k €	+62.4%	102,7 k €	+86.3%	55,1 k €	-13.1%	63,5 k €	+132%	27,4 k €	+425%	-8,4 k €	-1008%	-760 €
Operating result	50,2 k €	+1.3%	49,6 k €	-29.5%	70,3 k €	-20.9%	88,8 k €	+54.8%	57,4 k €	-43.8%	102,2 k €	+18.8%	86 k €	+254%	24,3 k €	-75.3%	98,5 k €	+36.3%	72,3 k €	+107%	34,9 k €	-78.0%	158,7 k €	-5.2%	167,4 k €	+7.4%	155,8 k €	+70.1%	91,6 k €	+106%	44,5 k €	-15.7%	52,9 k €	+139%	22,1 k €	+341%	-9,2 k €	-1052%	-795 €
Net result	32,6 k €	-1.6%	33,1 k €	+42.4%	23,3 k €	-45.7%	42,9 k €	+97.8%	21,7 k €	-65.7%	63,1 k €	+41.5%	44,6 k €	+163%	17 k €	-73.6%	64,2 k €	+39.8%	45,9 k €	+76.5%	26 k €	-80.6%	134,4 k €	+31.4%	102,3 k €	+2.0%	100,3 k €	+69.6%	59,1 k €	+136%	25,1 k €	-19.3%	31,1 k €	+93.4%	16,1 k €	+273%	-9,3 k €	-1007%	-837 €
Balance sheet
Equity	151,1 k €	+3.3%	146,3 k €	+18.3%	123,7 k €	+23.2%	100,4 k €	-5.3%	106 k €	+1.6%	104,4 k €	+36.9%	76,2 k €	+34.6%	56,6 k €	-33.9%	85,6 k €	+299%	21,5 k €	-0.4%	21,5 k €	+0.0%	21,5 k €	+1.7%	21,2 k €	+1.3%	20,9 k €	+1.5%	20,6 k €	+0.6%	20,5 k €	-3.3%	21,2 k €	+110%	10,1 k €	+268%	-6 k €	-817%	-653 €
Total assets	182,9 k €	-16.7%	219,6 k €	+2.6%	214,1 k €	-3.6%	222,1 k €	+6.8%	208,1 k €	-5.6%	220,4 k €	+29.7%	169,9 k €	-35.9%	265 k €	+12.9%	234,8 k €	-2.7%	241,3 k €	-36.2%	378,2 k €	-22.8%	490,1 k €	-34.3%	745,8 k €	+35.5%	550,5 k €	+64.8%	334,1 k €	+74.3%	191,6 k €	-35.1%	295,4 k €	+324%	69,7 k €	+1997%	3,3 k €	+23643%	14 €
Cash	147,9 k €	-22.1%	190 k €	+27.2%	149,4 k €	+5.7%	141,3 k €	+0.7%	140,4 k €	-5.0%	147,8 k €	+60.7%	92 k €	-42.4%	159,7 k €	+36.1%	117,4 k €	-21.9%	150,2 k €	-20.1%	187,9 k €	-36.1%	294,2 k €	-56.6%	678 k €	+84.8%	366,8 k €	+84.3%	199,1 k €	+877%	20,4 k €	-34.2%	31 k €	+53.6%	20,2 k €	+27154%	74 €	+429%	14 €
Debts	31,8 k €	-56.6%	73,3 k €	-18.9%	90,4 k €	-25.7%	121,7 k €	+19.3%	102 k €	-12.1%	116 k €	+23.9%	93,6 k €	-55.1%	208,3 k €	+39.8%	149 k €	-32.2%	219,8 k €	-38.4%	356,7 k €	-23.9%	468,6 k €	-35.3%	724,1 k €	+37.1%	528 k €	+68.5%	313,4 k €	+83.2%	171,1 k €	-37.6%	274,3 k €	+360%	59,6 k €	+540%	9,3 k €	+1296%	667 €

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 · 1 active · 3 ended

Active mandates

Patrick Deleuze

Director

Active

Ended mandates

Patrick Deleuze

Director · since 23 juillet 2007

Ended

Maria Giuliani

Manager · since 16 juillet 2002

Ended

Patrick Deleuze

Manager

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	01/01/2025	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	02/07/2026	27/06/2025	26/06/2024	18/08/2023	31/08/2022	30/06/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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	09/06/2026	02/07/2026	French	PDF
Micro model	31/12/2024	10/06/2025	27/06/2025	French	PDF
Micro model	31/12/2023	11/06/2024	26/06/2024	French	PDF
Micro model	31/12/2022	13/06/2023	18/08/2023	French	PDF
Micro model	31/12/2021	14/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	08/06/2021	30/06/2021	French	PDF
Micro model	31/12/2019	09/06/2020	30/06/2020	French	PDF
Micro model	31/12/2018	11/06/2019	28/06/2019	French	PDF
Micro model	31/12/2017	12/06/2018	27/06/2018	French	PDF
Micro model	31/12/2016	13/06/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	20/06/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	30/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	12/07/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	27/07/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	01/07/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	20/09/2007	French	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 · 1 active · 3 ended

Active mandates

Patrick Deleuze

Director

Active

Ended mandates

Patrick Deleuze

Director · since 23 juillet 2007

Ended

Maria Giuliani

Manager · since 16 juillet 2002

Ended

Patrick Deleuze

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates01/08/2007
SIEGE SOCIAL - DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS
PDF
Registered office27/12/2005
SIEGE SOCIAL
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 202532,6 k €↓
2024
Annual accounts 202433,1 k €↑
2023
Annual accounts 202323,3 k €↓
2022
Annual accounts 202242,9 k €↑
2021
Annual accounts 202121,7 k €↓
2020
Annual accounts 202063,1 k €↑
2019
Annual accounts 201944,6 k €↑
2018
Annual accounts 201817 k €↓
2017
Annual accounts 201764,2 k €↑
2016
Annual accounts 201645,9 k €↑
2015
Annual accounts 201526 k €↓
2014
Annual accounts 2014134,4 k €↑
2013
Annual accounts 2013102,3 k €↑
2012
Annual accounts 2012100,3 k €↑
2011
Annual accounts 201159,1 k €↑
2010
Annual accounts 201025,1 k €↓
2009
Annual accounts 200931,1 k €↑
2008
Annual accounts 200816,1 k €↑
2007
Annual accounts 2007-9,3 k €↓
2006
Annual accounts 2006-837 €
16/07/2002
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

IP MODUS

Overview

What does IP MODUS do?

Trend over 20 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