ACTIVE

IP Security Distribution

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Financial year 2025 · closed on 31/12/2025

Net result

27,7 k €

+119.6% YoY

Gross margin

1 M €

Equity

135,5 k €

+25.7% YoY

Workforce

12,0 ETP

-11.8% YoY

What does IP Security Distribution do?

IP Security Distribution is a Public limited company incorporated in 2014. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Meise. It employs on average 12,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0563.699.662

Incorporation

06/10/2014

Legal form

Public limited company

Registered office

Slozenstraat 86
1861 Meise · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

12,0 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.27900Manufacture of other electrical equipment 27900Manufacture of other electrical equipment+4

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	1 M €		–		–		–		767,6 k €	-17.9%	934,7 k €	+62.1%	576,8 k €	+130%	250,2 k €	+22.7%	203,9 k €	+38.6%	147,1 k €	+11.0%	132,5 k €
EBITDA	43,7 k €	+83.2%	23,8 k €	-28.5%	33,3 k €	+32.6%	25,1 k €	-48.4%	48,7 k €	-22.9%	63,1 k €	+431%	11,9 k €	-4.1%	12,4 k €	-47.7%	23,7 k €	+72.8%	13,7 k €	-61.2%	35,4 k €
Operating result	43,7 k €	+83.2%	23,8 k €	+118%	10,9 k €	-39.2%	18 k €	-64.6%	50,8 k €	+42.8%	35,6 k €	+199%	11,9 k €	+23.2%	9,6 k €	-47.0%	18,2 k €	+122%	8,2 k €	-72.5%	29,9 k €
Net result	27,7 k €	+120%	12,6 k €	+286%	3,3 k €	-66.3%	9,7 k €	-69.7%	32 k €	+63.9%	19,5 k €	+541%	3 k €	-38.3%	4,9 k €	-50.4%	10 k €	+158%	3,9 k €	-52.1%	8,1 k €
Balance sheet
Equity	135,5 k €	+25.7%	107,8 k €	-41.8%	185,2 k €	+1.8%	181,9 k €	+5.3%	172,8 k €	+22.7%	140,8 k €	+10.8%	127 k €	+0.1%	126,8 k €	+4.1%	121,9 k €	+8.9%	111,9 k €	+3.6%	108,1 k €
Total assets	283,3 k €	-28.8%	398,2 k €	+11.7%	356,4 k €	+42.7%	249,7 k €	-13.3%	287,9 k €	-24.6%	381,7 k €	-1.7%	388,4 k €	+35.9%	285,8 k €	+31.7%	217 k €	+10.3%	196,8 k €	-4.7%	206,4 k €
Cash	162,3 k €	-21.8%	207,5 k €	+8.6%	191 k €	+1677%	10,7 k €	-95.0%	216,2 k €	+93.0%	112 k €	-13.4%	129,4 k €	-11.7%	146,6 k €	+46.8%	99,8 k €	+16.4%	85,8 k €	+507%	14,1 k €
Debts	147,8 k €	-48.8%	288,9 k €	+68.7%	171,2 k €	+153%	67,8 k €	-41.0%	115 k €	-52.3%	240,8 k €	-7.8%	261,3 k €	+64.5%	158,9 k €	+67.1%	95,1 k €	+12.0%	84,9 k €	-13.7%	98,3 k €
Other
Workforce	12,0 ETP	-11.8%	13,6 ETP	+17.2%	11,6 ETP	+30.3%	8,9 ETP	-24.6%	11,8 ETP	-31.0%	17,1 ETP	+64.4%	10,4 ETP	+142%	4,3 ETP		–		–		2,4 ETP

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 · 3 active · 8 ended

Active mandates

Anne-Marie Baecke

Director · since 26 mai 2021 · until 26 mai 2027

Active

Benjamin Tonoli

Managing director · since 26 mai 2021 · until 26 mai 2027

Active

Walter Tonoli

Director · since 26 mai 2021 · until 26 mai 2027

Active

Ended mandates

Anne-Marie Baecke

Director · since 06 octobre 2014 · until 26 mai 2021

Ended

Benjamin Tonoli

Managing director · since 06 octobre 2014 · until 26 mai 2021

Ended

Walter Tonoli

Director · since 06 octobre 2014 · until 26 mai 2021

Ended

Anne-Marie Baecke

Director · since 02 octobre 2014 · until 26 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
THE BELGIAN● Active	0434.631.165

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Abridged model	Abridged 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	30/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
General meeting	27/05/2026	28/05/2025	22/05/2024	24/05/2023	25/05/2022	26/05/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/05/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	28/05/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	22/05/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	24/05/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/05/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/05/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	22/05/2019	26/06/2019	Dutch	PDF
Micro model	31/12/2017	23/05/2018	29/06/2018	Dutch	PDF
Micro model	31/12/2016	31/05/2017	07/06/2017	Dutch	PDF
Abridged model	31/12/2015	25/05/2016	30/06/2016	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 31/12/2025 · 3 active · 8 ended

Active mandates

Anne-Marie Baecke

Director · since 26 mai 2021 · until 26 mai 2027

Active

Benjamin Tonoli

Managing director · since 26 mai 2021 · until 26 mai 2027

Active

Walter Tonoli

Director · since 26 mai 2021 · until 26 mai 2027

Active

Ended mandates

Anne-Marie Baecke

Director · since 06 octobre 2014 · until 26 mai 2021

Ended

Benjamin Tonoli

Managing director · since 06 octobre 2014 · until 26 mai 2021

Ended

Walter Tonoli

Director · since 06 octobre 2014 · until 26 mai 2021

Ended

Anne-Marie Baecke

Director · since 02 octobre 2014 · until 26 mai 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other01/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates07/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/08/2019
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring06/08/2015
MAATSCHAPPELIJKE ZETEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring12/05/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other08/10/2014
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 202527,7 k €↑
2024
Annual accounts 202412,6 k €↑
2023
Annual accounts 20233,3 k €↓
2022
Annual accounts 20229,7 k €↓
2021
Annual accounts 202132 k €↑
2020
Annual accounts 202019,5 k €↑
2019
Annual accounts 20193 k €↓
2018
Annual accounts 20184,9 k €↓
2017
Annual accounts 201710 k €↑
2016
Annual accounts 20163,9 k €↓
2015
Annual accounts 20158,1 k €
06/10/2014
IncorporationPublic 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 Security Distribution

Overview

What does IP Security Distribution do?

Trend over 11 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