ACTIVE

IPC SERVICES

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Financial year 2025 · closed on 31/12/2025

Net result

712,5 k €

+1895.1% YoY

Gross margin

1,7 M €

+208.3% YoY

Equity

1,6 M €

+79.9% YoY

Workforce

9,0 ETP

+18.4% YoY

What does IPC SERVICES do?

IPC SERVICES is a Private limited company incorporated in 2019. Its main activity is: Painting and glazing. Its registered office is in Dendermonde. It employs on average 9,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0738.887.701

Incorporation

09/12/2019

Legal form

Private limited company

Registered office

Vriesenrot (STG) 3
9200 Dendermonde · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

9,0 ETP

Activities (NACE)

43341Painting and glazing· main 43341Painting and glazing 43342Painting and glazing 43342Painting and glazing

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 6 financial years

	2025		2024		2023		2022		2021		2020
Income statement
Gross margin	1,7 M €	+208%	564,3 k €	-41.9%	970,5 k €		–		785,4 k €	+115%	365,7 k €
EBITDA	1,1 M €	+12709%	8,3 k €	-98.2%	469 k €	+28.8%	364,3 k €	-30.1%	520,9 k €	+440%	96,5 k €
Operating result	968,3 k €	+1413%	-73,8 k €	-117%	432 k €	+42.6%	303,1 k €	-36.4%	476,3 k €	+490%	80,7 k €
Net result	712,5 k €	+1895%	-39,7 k €	-113%	306,4 k €	+44.5%	212,1 k €	-38.6%	345,3 k €	+629%	47,4 k €
Balance sheet
Equity	1,6 M €	+79.9%	891,5 k €	-4.3%	931,2 k €	+49.0%	624,8 k €	+51.4%	412,7 k €	+512%	67,4 k €
Total assets	2,8 M €	+18.8%	2,3 M €	+20.7%	1,9 M €	-1.1%	2 M €	-22.8%	2,5 M €	+197%	858,1 k €
Cash	72,7 k €	+64.9%	44,1 k €	-72.4%	159,9 k €	+37.0%	116,7 k €	-23.3%	152,1 k €	+647%	20,3 k €
Debts	1,2 M €	-18.9%	1,4 M €	+42.1%	1 M €	-24.6%	1,3 M €	-37.1%	2,1 M €	+169%	790,7 k €
Other
Workforce	9,0 ETP	+18.4%	7,6 ETP	+4.1%	7,3 ETP	+69.8%	4,3 ETP	+79.2%	2,4 ETP	-14.3%	2,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

WP CONSULTING

Director · since 26 février 2026 · until 26 février 2032 · 0628.839.023

Represented by Wouter Pauwels

Active

KDV SERVICES

Director · since 01 avril 2021 · 0765.963.171

Represented by Krista De Vos

Active

Ended mandates

DC Advisory

Director · since 05 avril 2024 · 0737.501.886

Represented by Dominique Charlier

Ended

Specialty Paints & Coatings

Director · since 26 avril 2023 · until 05 avril 2024 · 0773.820.963

Represented by Yves De Mild

Ended

Specialty Paints & Coatings

Director · since 26 avril 2023 · 0773.820.963

Represented by Yves De Mild

Ended

REI Group

Director · since 01 janvier 2020 · 0555.933.130

Represented by Tomas Mannaert

Ended

At this address

Other companies at this address

Company	CBE no.
REI Group● Active	0555.933.130
REI PROJECTS● Active	0808.937.438

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	04/12/2019
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	13 months
Filing date	09/07/2026	11/07/2025	10/03/2025	26/07/2023	31/08/2022	22/09/2021
General meeting	12/06/2026	30/06/2025	03/03/2025	09/06/2023	22/08/2022	11/06/2021
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

6 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	09/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/03/2025	10/03/2025	Dutch	PDF
Full model	31/12/2022	09/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	22/08/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	22/09/2021	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

WP CONSULTING

Director · since 26 février 2026 · until 26 février 2032 · 0628.839.023

Represented by Wouter Pauwels

Active

KDV SERVICES

Director · since 01 avril 2021 · 0765.963.171

Represented by Krista De Vos

Active

Ended mandates

DC Advisory

Director · since 05 avril 2024 · 0737.501.886

Represented by Dominique Charlier

Ended

Specialty Paints & Coatings

Director · since 26 avril 2023 · until 05 avril 2024 · 0773.820.963

Represented by Yves De Mild

Ended

Specialty Paints & Coatings

Director · since 26 avril 2023 · 0773.820.963

Represented by Yves De Mild

Ended

REI Group

Director · since 01 janvier 2020 · 0555.933.130

Represented by Tomas Mannaert

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/05/2023
KAPITAAL - AANDELEN
PDF
Registered office15/02/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2021
ONTSLAGEN - BENOEMINGEN
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 2025712,5 k €↑
2024
Annual accounts 2024-39,7 k €↓
2023
Annual accounts 2023306,4 k €↑
2022
Annual accounts 2022212,1 k €↓
2021
Annual accounts 2021345,3 k €↑
2020
Annual accounts 202047,4 k €
09/12/2019
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

IPC SERVICES

Overview

What does IPC SERVICES do?

Trend over 6 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