ACTIVE

IPOPI

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Financial year 2025 · closed on 31/12/2025
Net result
52,4 k €
+223.4% YoY
Gross margin
126 k €
+286.5% YoY
Equity
1,6 M €
+3.3% YoY
Workforce
1,0 ETP
0.0% YoY

What does IPOPI do?

IPOPI is a International non-profit organization incorporated in 2021. Its main activity is: Support activities to performing arts. Its registered office is in Ixelles. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0761.784.055
Incorporation
19/01/2021
Legal form
International non-profit organization
Registered office
Avenue Louise 65 box 11
1050 Ixelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
90029Support activities to performing arts· main90399Creative, arts and entertainment activities94993Activities of other membership organisations n.e.c.94993Activities of other membership organisations n.e.c.63920Other information service activities63990Other information service activities n.e.c.+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 5 financial years

20252024202320222021
Income statement
Gross margin126 k €32,6 k €381,7 k €11 k €1,3 M €
EBITDA59,9 k €-43,9 k €319,2 k €-12,2 k €1,3 M €
Operating result57,5 k €-48,6 k €313,2 k €-13 k €1,3 M €
Net result52,4 k €-42,4 k €314,1 k €-17,3 k €1,3 M €
Balance sheet
Equity1,6 M €1,6 M €1,6 M €1,3 M €1,3 M €
Total assets2,1 M €1,6 M €2 M €1,6 M €1,8 M €
Cash1,2 M €912,2 k €1,3 M €1,2 M €1 M €
Debts367,5 k €26,5 k €50 k €32,2 k €7,9 k €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 26 ended

Active mandates

Adhi Nugraha Sugiharto

Director

Active
Bruce Lim Wee Diong

Vice-chairman of the board of directors

Active
Cynthia Olotch

Director · until 22 juin 2028

Active
MARTINE BARTHELEMY

Chairman of the board of directors

Active
Otilia Stanga

Director

Active
Roberta Anido

Director · until 22 juin 2028

Active
Tracy Shaw

Director · until 22 juin 2028

Active
Whitney Goulstone

Director

Active

Ended mandates

Cynthia OLOTCH

Director · since 14 octobre 2022 · until 26 octobre 2024

Ended
JOSINA WUITE

Director · since 14 octobre 2022 · until 26 octobre 2024

Ended
MARTINE BARTHELEMY

Chairman of the board of directors · since 14 octobre 2022 · until 26 juin 2026

Ended
OTILIA STANGA

Director · since 14 octobre 2022 · until 26 octobre 2026

Ended
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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202207/08/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months17 months
Filing date16/07/202612/07/202519/08/202428/06/202305/07/2022
General meeting22/06/202623/06/202525/06/202420/06/202330/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202522/06/202616/07/2026FrenchPDF
Abridged model31/12/202423/06/202512/07/2025FrenchPDF
Abridged model31/12/202325/06/202419/08/2024FrenchPDF
Abridged model31/12/202220/06/202328/06/2023FrenchPDF
Abridged model31/12/202130/06/202205/07/2022FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 8 active · 26 ended

Active mandates

Adhi Nugraha Sugiharto

Director

Active
Bruce Lim Wee Diong

Vice-chairman of the board of directors

Active
Cynthia Olotch

Director · until 22 juin 2028

Active
MARTINE BARTHELEMY

Chairman of the board of directors

Active
Otilia Stanga

Director

Active
Roberta Anido

Director · until 22 juin 2028

Active
Tracy Shaw

Director · until 22 juin 2028

Active
Whitney Goulstone

Director

Active

Ended mandates

Cynthia OLOTCH

Director · since 14 octobre 2022 · until 26 octobre 2024

Ended
JOSINA WUITE

Director · since 14 octobre 2022 · until 26 octobre 2024

Ended
MARTINE BARTHELEMY

Chairman of the board of directors · since 14 octobre 2022 · until 26 juin 2026

Ended
OTILIA STANGA

Director · since 14 octobre 2022 · until 26 octobre 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office01/07/2024
    SIEGE SOCIAL
    PDF
  • Mandates16/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other26/01/2021
    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 202552,4 k €↑
  2. 2024
    Annual accounts 2024-42,4 k €↓
  3. 2023
    Annual accounts 2023314,1 k €↑
  4. 2022
    Annual accounts 2022-17,3 k €↓
  5. 2021
    Annual accounts 20211,3 M €
  6. 19/01/2021
    IncorporationInternational non-profit organization