ACTIVE

IPPES

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Financial year 2025 · closed on 30/09/2025

Net result

-55,8 k €

-331.4% YoY

Gross margin

38,2 k €

-70.7% YoY

Equity

423,5 k €

-11.6% YoY

What does IPPES do?

IPPES is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Avelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.557.715

Incorporation

14/10/2002

Legal form

Private limited company

Registered office

Okkerdriesstraat 54
8582 Avelgem · FlandreSee on map

Contributed capital

180 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

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

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	38,2 k €	-70.7%	130,4 k €	-8.1%	141,9 k €	+12.1%	126,6 k €	-4.0%	131,9 k €	+231%	39,9 k €	+179%	-50,8 k €	-158%	86,9 k €	-64.3%	243,4 k €	+94.1%	125,5 k €	+11.3%	112,7 k €	+35.3%	83,3 k €	+9.8%	75,9 k €	+30.1%	58,3 k €	-45.8%	107,7 k €	-5.1%	113,5 k €	+10.8%	102,5 k €	-1.5%	104 k €
EBITDA	35,9 k €	-71.7%	126,7 k €	-9.1%	139,3 k €	+11.9%	124,5 k €	-4.4%	130,3 k €	+255%	36,7 k €	+169%	-53 k €	-164%	82,5 k €	-65.8%	241,2 k €	+95.7%	123,2 k €	+12.9%	109,2 k €	+36.0%	80,3 k €	+11.7%	71,9 k €	+32.4%	54,3 k €	-47.2%	102,8 k €	-7.0%	110,6 k €	+9.5%	101 k €	+2.0%	99 k €
Operating result	-60,8 k €	-310%	29 k €	-40.6%	48,7 k €	+7.9%	45,2 k €	-22.3%	58,1 k €	+458%	-16,2 k €	+85.3%	-110,4 k €	-478%	-19,1 k €	-111%	177,8 k €	+178%	64 k €	+21.2%	52,8 k €	+207%	17,2 k €	-31.3%	25 k €	+2346%	-1,1 k €	-102%	52,5 k €	-25.0%	69,9 k €	+20.9%	57,9 k €	+76.8%	32,7 k €
Net result	-55,8 k €	-331%	24,1 k €	-32.3%	35,6 k €	+5.2%	33,8 k €	-36.4%	53,2 k €	+418%	-16,7 k €	+84.9%	-110,7 k €	-83.5%	-60,4 k €	-167%	90,2 k €	+209%	29,2 k €	-0.2%	29,2 k €	+75.6%	16,6 k €	+307%	4,1 k €	+117%	-24 k €	-172%	33,3 k €	-38.3%	54 k €	+10.8%	48,7 k €	+85.5%	26,3 k €
Balance sheet
Equity	423,5 k €	-11.6%	479,3 k €	+5.3%	455,2 k €	+8.5%	419,6 k €	+8.3%	387,4 k €	+65.9%	233,5 k €	-6.7%	250,2 k €	-30.7%	361 k €	-14.3%	421,3 k €	+27.2%	331,1 k €	+9.7%	301,9 k €	+3.9%	290,7 k €	+6.1%	274 k €	+1.5%	270 k €	-8.1%	293,9 k €	+18.4%	248,2 k €	+27.8%	194,2 k €	+33.5%	145,5 k €
Total assets	429,7 k €	-35.5%	665,9 k €	-8.1%	724,3 k €	-7.4%	782,4 k €	+1.2%	773,1 k €	+17.4%	658,3 k €	-14.8%	772,2 k €	-7.5%	835,1 k €	-11.6%	945 k €	+13.9%	829,6 k €	+1.3%	819 k €	-0.0%	819,2 k €	+1.0%	811,4 k €	-2.0%	828,1 k €	+3.9%	797,2 k €	+70.8%	466,8 k €	-16.8%	561,1 k €	-2.0%	572,6 k €
Cash	29,7 k €	-87.4%	234,6 k €	+14.3%	205,2 k €	-1.6%	208,6 k €	+23.2%	169,3 k €	+533%	26,8 k €	+39.9%	19,1 k €	+37.7%	13,9 k €	-47.2%	26,3 k €	+15.6%	22,8 k €	+175%	8,3 k €	-32.5%	12,3 k €	+0.1%	12,2 k €	-34.0%	18,6 k €	-77.4%	82,2 k €	+265%	22,5 k €	+17.4%	19,2 k €	+115%	8,9 k €
Debts	5,7 k €	-97.0%	185,9 k €	-30.8%	268,5 k €	-25.9%	362,1 k €	-6.1%	385,7 k €	-9.2%	424,7 k €	-18.6%	522 k €	+12.9%	462,3 k €	-10.3%	515,3 k €	+5.9%	486,6 k €	-3.7%	505,5 k €	-2.0%	515,5 k €	-1.6%	523,9 k €	-3.9%	545,4 k €	+11.0%	491,2 k €	+125%	218,6 k €	-40.4%	366,8 k €	-7.9%	398,3 k €

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 30/09/2025 · 1 active · 3 ended

Active mandates

GEERT VANDAMME

Director

Active

Ended mandates

Geert Vandamme

Manager · since 05 octobre 2002

Ended

CommV HILDE DECLERCQ

Director

Ended

Geert Vandamme

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
HILDE DECLERCQ● Active	0683.864.252

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/04/2026	29/04/2025	29/04/2024	28/04/2023	29/04/2022	30/04/2021
General meeting	14/03/2026	29/03/2025	09/03/2024	31/03/2023	31/03/2022	31/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	14/03/2026	23/04/2026	Dutch	PDF
Micro model	30/09/2024	29/03/2025	29/04/2025	Dutch	PDF
Micro model	30/09/2023	09/03/2024	29/04/2024	Dutch	PDF
Micro model	30/09/2022	31/03/2023	28/04/2023	Dutch	PDF
Micro model	30/09/2021	31/03/2022	29/04/2022	Dutch	PDF
Micro model	30/09/2020	31/03/2021	30/04/2021	Dutch	PDF
Micro model	30/09/2019	31/03/2020	30/04/2020	Dutch	PDF
Micro model	30/09/2018	30/03/2019	30/04/2019	Dutch	PDF
Abridged model	30/09/2017	31/03/2018	27/04/2018	Dutch	PDF
Abridged model	31/12/2015	18/07/2016	17/08/2016	Dutch	PDF
Abridged model	31/12/2014	20/07/2015	19/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/07/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	08/08/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/07/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/08/2011	22/08/2011	Dutch	PDF
Abridged model	31/12/2009	01/08/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/07/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	28/08/2007	Dutch	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 30/09/2025 · 1 active · 3 ended

Active mandates

GEERT VANDAMME

Director

Active

Ended mandates

Geert Vandamme

Manager · since 05 octobre 2002

Ended

CommV HILDE DECLERCQ

Director

Ended

Geert Vandamme

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other17/01/2017
ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares10/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other21/10/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025-55,8 k €↓
2024
Annual accounts 202424,1 k €↓
2023
Annual accounts 202335,6 k €↑
2022
Annual accounts 202233,8 k €↓
2021
Annual accounts 202153,2 k €↑
2019
Annual accounts 2019-16,7 k €↑
2018
Annual accounts 2018-110,7 k €↓
2017
Annual accounts 2017-60,4 k €↓
2015
Annual accounts 201590,2 k €↑
2014
Annual accounts 201429,2 k €↓
2013
Annual accounts 201329,2 k €↑
2012
Annual accounts 201216,6 k €↑
2011
Annual accounts 20114,1 k €↑
2010
Annual accounts 2010-24 k €↓
2009
Annual accounts 200933,3 k €↓
2008
Annual accounts 200854 k €↑
2007
Annual accounts 200748,7 k €↑
2006
Annual accounts 200626,3 k €
14/10/2002
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

IPPES

Overview

What does IPPES do?

Trend over 18 financial years

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