ACTIVE

IPSILON Belgium

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result176,1 k €-65,2 %over 1 year

Gross margin1,6 M €-21,7 %over 1 year

Equity1,8 M €+10,8 %over 1 year

Workforce12,3 ETP-14,6 %over 1 year

Identity

Source · BCE/KBO

IPSILON Belgium is a Public limited company incorporated in 2009. Its main activity is: Other professional, scientific and technical activities n.e.c.. Its registered office is in Gent. It employs on average 12,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0821.158.349
Incorporation: 07/12/2009
Legal form: Public limited company
Registered office: Bellevue 5/501
9050 Gent · FlandreSee on map
Contributed capital: 100 000,00 €
Latest accounts: 31/12/2025
Average workforce: 12,3 ETP

Activities (NACE)

74909Other professional, scientific and technical activities n.e.c.· main 74999Other professional, scientific and technical activities n.e.c.82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.64200Activities of holding companies 64210Activities of holding companies+4

Joint committees (3)

200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 16 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,6 M €	-21.7%	2 M €	+10.7%	1,8 M €	-2.8%	1,8 M €	-2.1%	1,9 M €
EBITDA	267,3 k €	-60.5%	677,3 k €	+6.3%	637,2 k €	-24.2%	840,2 k €	-6.4%	897,8 k €
Operating result	239,8 k €	-63.7%	660,3 k €	+5.8%	624,1 k €	-22.8%	808,7 k €	-6.2%	862,1 k €
Net result	176,1 k €	-65.2%	506,4 k €	+11.4%	454,6 k €	-21.8%	581,5 k €	-7.5%	628,6 k €
Balance sheet
Equity	1,8 M €	+10.8%	1,6 M €	-5.4%	1,7 M €	+35.7%	1,3 M €	+84.0%	692,2 k €
Total assets	4,2 M €	+51.1%	2,8 M €	+24.6%	2,3 M €	+22.8%	1,8 M €	+9.3%	1,7 M €
Cash	363,9 k €	-54.9%	807,3 k €	+8.1%	746,5 k €	-16.9%	898 k €	+5.9%	848 k €
Debts	2,4 M €	+108%	1,2 M €	+122%	525,3 k €	-6.0%	558,7 k €	-42.5%	971,5 k €
Other
Workforce	12,3 ETP	-14.6%	14,4 ETP	+9.9%	13,1 ETP	+9.2%	12,0 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CADRE DYNAMIQUE0832.700.458	Managing director12/02/2026 → 03/06/2030Director01/01/2018 → 2018 accountsended
AXEL PLAS0878.763.184Represented by Axel PLAS	Managing director02/01/2018 → 04/06/2029Director01/01/2018 → 2021 accountsended
VALERIE FERAY	Director21/06/2023 → 04/06/2029Managing director21/06/2023 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Canardo0685.548.587Represented by Declerck JEROEN	Director01/01/2018 → 2021 accounts
Axel (tot AV 2014) Plas	Managing director2012 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	29/07/2026	03/07/2025	30/07/2024	22/08/2023	20/07/2022	23/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	28/04/2023	07/06/2022	07/06/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	28/04/2023	22/08/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	23/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	21/06/2011	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CADRE DYNAMIQUE0832.700.458	Managing director12/02/2026 → 03/06/2030Director01/01/2018 → 2018 accountsended
AXEL PLAS0878.763.184Represented by Axel PLAS	Managing director02/01/2018 → 04/06/2029Director01/01/2018 → 2021 accountsended
VALERIE FERAY	Director21/06/2023 → 04/06/2029Managing director21/06/2023 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Canardo0685.548.587Represented by Declerck JEROEN	Director01/01/2018 → 2021 accounts
Axel (tot AV 2014) Plas	Managing director2012 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring30/01/2026
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office07/05/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2015
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

CADRE DYNAMIQUE

AXEL PLAS

VALERIE FERAY

Canardo

Thomas (tot AV 2014) Coppens

Axel (tot AV 2014) Plas

Axel (tot AV 2018) Plas

Axel (tot AV 2020) Plas

Thomas (tot AV 2020) Coppens

Thomas (tot AV 2018) Coppens

2009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

IPSILON BelgiumIP HILLS

Bellevue 5 bus 501, 9050 Ledeberg (Gent)Hubert Frere-Orbanlaan 329, 9000 Gent

Managing director

Managing directorDirector

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Bellevue 5/501, 9050 Ledeberg (Gent)Current		CBE
Bellevue 5 bte bus 501, 9050 Ledeberg (Gent)	accounts 2025	Accounts 2025 · 2026-00359296
Bellevue 5 bus 501, 9050 Ledeberg (Gent)	accounts 2023 → 2024	Accounts 2024 · 2025-00223859
Hubert Frere-Orbanlaan 329, 9000 Gent	accounts 2021 → 2022	Accounts 2022 · 2023-00341339

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
IPSILON BelgiumCurrent	accounts 2025	Accounts 2025 · 2026-00359296
IP HILLS	accounts 2010 → 2024	Accounts 2024 · 2025-00223859

Events

2025
Annual accounts 2025176,1 k €↓
2025
Name changeIPSILON Belgium
2024
Annual accounts 2024506,4 k €↑
2023
Annual accounts 2023454,6 k €↓
2022
Annual accounts 2022581,5 k €↓
2021
Annual accounts 2021628,6 k €↑
2018
Annual accounts 2018253,2 k €↑
2017
Annual accounts 2017181,8 k €↑
2016
Annual accounts 2016120,3 k €↑
2015
Annual accounts 201538,7 k €↓
2014
Annual accounts 201446,5 k €↑
2013
Annual accounts 2013-21,9 k €↓
2012
Annual accounts 20123,1 k €↑
2011
Annual accounts 20112,9 k €↑
2010
Annual accounts 2010-20,8 k €
07/12/2009
IncorporationPublic limited company

IPSILON Belgium

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events