ACTIVE

IPWal

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Financial year 2025 · closed on 31/12/2025
Net result
17,1 k €
-84.3% YoY
Gross margin
114,5 k €
-42.1% YoY
Equity
107,3 k €
+19.0% YoY

What does IPWal do?

IPWal is a Private limited company incorporated in 2019. Its registered office is in Gembloux.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0719.836.802
Incorporation
05/02/2019
Legal form
Private limited company
Registered office
Rue des Haipes,Sauv. 13
5030 Gembloux · WallonieSee on map
Contributed capital
6 300,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin114,5 k €197,8 k €154,8 k €130,7 k €194,4 k €23,2 k €-1,4 k €
EBITDA103,4 k €186,1 k €143,3 k €114,9 k €133,9 k €-30,8 k €-51,1 k €
Operating result41,6 k €125 k €74,9 k €51,6 k €65,3 k €-70,8 k €-67,6 k €
Net result17,1 k €108,9 k €57,7 k €33,3 k €45,4 k €-90,2 k €-71,4 k €
Balance sheet
Equity107,3 k €90,2 k €-18,8 k €-76,5 k €-109,8 k €-155,3 k €-65,1 k €
Total assets1,1 M €1,3 M €1,3 M €1,4 M €1,6 M €1,6 M €613,1 k €
Cash102,5 k €3,7 k €17,6 k €1,2 k €6,1 k €41,6 k €36,5 k €
Debts1 M €1,2 M €1,3 M €1,5 M €1,7 M €1,7 M €676,6 k €
Other
Workforce–0,0 ETP0,0 ETP0,0 ETP1,6 ETP1,0 ETP0,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

J Square Studio

Director · since 19 février 2026 · 0674.669.444

Represented by Julien Bergiers

Active
Pierre GAUTHY

Director · since 05 février 2019 · until 19 février 2026

Active

Ended mandates

Bertrand Ellen Stéphane, Counet

Director · since 05 février 2019 · until 20 novembre 2020

Ended
Bertrand Ellen Stéphane, Counet

Director · since 05 février 2019

Ended
Grégory Meys

Director · since 05 février 2019 · until 20 novembre 2020

Ended
Grégory Meys

Director · since 05 février 2019

Ended
At this address

Other companies at this address

CompanyCBE no.
J Square Studio● Active
0674.669.444
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/07/202614/07/202514/08/202421/08/202303/08/202216/08/2021
General meeting25/04/202625/04/202526/04/202428/04/202329/04/202230/04/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202525/04/202631/07/2026FrenchPDF
Abridged model31/12/202425/04/202514/07/2025FrenchPDF
Abridged model31/12/202326/04/202414/08/2024FrenchPDF
Abridged model31/12/202228/04/202321/08/2023FrenchPDF
Abridged model31/12/202129/04/202203/08/2022FrenchPDF
Abridged model31/12/202030/04/202116/08/2021FrenchPDF
Abridged model31/12/201924/04/202029/09/2020FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 6 ended

Active mandates

J Square Studio

Director · since 19 février 2026 · 0674.669.444

Represented by Julien Bergiers

Active
Pierre GAUTHY

Director · since 05 février 2019 · until 19 février 2026

Active

Ended mandates

Bertrand Ellen Stéphane, Counet

Director · since 05 février 2019 · until 20 novembre 2020

Ended
Bertrand Ellen Stéphane, Counet

Director · since 05 février 2019

Ended
Grégory Meys

Director · since 05 février 2019 · until 20 novembre 2020

Ended
Grégory Meys

Director · since 05 février 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/12/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/03/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other07/02/2019
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 202517,1 k €↓
  2. 2024
    Annual accounts 2024108,9 k €↑
  3. 2023
    Annual accounts 202357,7 k €↑
  4. 2022
    Annual accounts 202233,3 k €↓
  5. 2021
    Annual accounts 202145,4 k €↑
  6. 2020
    Annual accounts 2020-90,2 k €↓
  7. 2019
    Annual accounts 2019-71,4 k €
  8. 05/02/2019
    IncorporationPrivate limited company