ACTIVE

IPCOM

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Financial year 2025 · closed on 31/12/2025
Net result
-10,8 M €
-47.1% YoY
Revenue
9,4 M €
+37.0% YoY
Equity
86,4 M €
+29.0% YoY
Workforce
18,6 ETP
+27.4% YoY

What does IPCOM do?

IPCOM is a Public limited company incorporated in 2010. Its registered office is in Merelbeke-Melle. It employs on average 18,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0827.868.868
Incorporation
13/07/2010
Legal form
Public limited company
Registered office
Brusselsesteenweg 94 box 201
9090 Merelbeke-Melle · FlandreSee on map
Contributed capital
79 822 405,18 €
Latest accounts
31/12/2025
Average workforce
18,6 ETP
Joint committees (2)
  • 200
  • 218
Signals
Healthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222019201820172016201520142013201220112010
Income statement
Revenue9,4 M €6,8 M €6,2 M €7,8 M €4,8 M €4,4 M €4,2 M €2,7 M €2,0 M €1,6 M €1,8 M €1,8 M €1,4 M €–
EBITDA-1,2 M €-1,1 M €-1,1 M €-1,1 M €61,2 k €260,1 k €-4,2 M €-222,1 k €-213,6 k €130,0 k €428,5 k €795,3 k €674,0 k €-144,6 k €
Operating result-1,2 M €-1,2 M €-1,2 M €-1,5 M €-230,9 k €107,2 k €-4,3 M €-269,0 k €-245,1 k €103,3 k €419,1 k €795,0 k €674,0 k €-144,6 k €
Net result-10,8 M €-7,3 M €-3,5 M €3,0 M €565,7 k €73,3 M €-173,6 k €81,9 k €-6,5 k €722,9 k €284,7 k €3,0 M €3,5 M €-351,7 k €
Balance sheet
Equity86,4 M €66,9 M €64,4 M €67,9 M €70,4 M €69,8 M €46,9 M €47,0 M €32,8 M €41,4 M €37,3 M €27,1 M €24,1 M €11,6 M €
Total assets487,5 M €329,4 M €204,1 M €184,4 M €133,5 M €112,0 M €81,4 M €70,4 M €50,0 M €54,1 M €51,1 M €32,0 M €32,9 M €20,6 M €
Cash27,0 M €11,3 M €7,4 M €6,6 M €1,9 M €164,4 €9,8 k €3,5 M €172,3 k €162,2 k €14,5 k €1,8 M €144,0 k €152,7 k €
Debts395,5 M €258,6 M €138,2 M €115,3 M €63,1 M €42,1 M €34,5 M €23,3 M €17,1 M €12,6 M €13,8 M €4,9 M €8,7 M €8,8 M €
Other
Workforce18,6 ETP14,6 ETP14,3 ETP12,4 ETP8,0 ETP6,1 ETP6,2 ETP4,0 ETP2,3 ETP2,0 ETP2,1 ETP0,9 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 44 ended

Active mandates

BTX Consult BV

Director · since 13 octobre 2022 · until 12 octobre 2028

Represented by Remco Boerefijn

Active
LDB CONSULTING

Director · since 13 octobre 2022 · until 12 octobre 2028 · 0544.724.680

Represented by Luc De Busscher

Active

Ended mandates

Riccardo Monti

Director · since 16 décembre 2020 · until 13 octobre 2022

Ended
Bianca Do

Director · since 15 avril 2020 · until 09 juin 2023

Ended
Bianca Rothacker

Director · since 15 avril 2020 · until 13 octobre 2022

Ended
BTX Consult BV

Managing director · since 29 janvier 2019 · until 10 juin 2022

Represented by Remco Boerefijn

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date10/07/202612/09/202526/06/202404/07/202305/07/202206/07/2021
General meeting30/06/202613/06/202514/06/202409/06/202310/06/202211/06/2021
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

26 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202610/07/2026DutchPDF
Full modelCorrection31/12/202413/06/202512/09/2025DutchPDF
Full model31/12/202413/06/202501/07/2025DutchPDF
Full model31/12/202314/06/202426/06/2024DutchPDF
Full model31/12/202209/06/202304/07/2023DutchPDF
Full model31/12/202110/06/202205/07/2022DutchPDF
Full model31/12/202011/06/202106/07/2021DutchPDF
Full model31/12/201912/06/202018/08/2020DutchPDF
Full model31/12/201814/06/201904/07/2019DutchPDF
Full model31/12/201708/06/201811/07/2018DutchPDF
m120-f-p31/12/201708/06/201816/07/2018DutchPDF
Full modelCorrection31/12/201629/06/201707/06/2018DutchPDF
Full model31/12/201629/06/201717/07/2017DutchPDF
m120-f-p31/12/201629/06/201717/07/2017DutchPDF
Full model31/12/201510/06/201618/07/2016DutchPDF
m120-f-p31/12/201510/06/201614/07/2016DutchPDF
Full model31/12/201412/06/201530/06/2015DutchPDF
m120-f-p31/12/201412/06/201506/08/2015DutchPDF
Full model31/12/201313/06/201403/07/2014DutchPDF
m120-f-p31/12/201313/06/201403/07/2014DutchPDF
Full model31/12/201214/06/201304/07/2013DutchPDF
m120-f-p31/12/201214/06/201303/07/2013DutchPDF
Full model31/12/201108/06/201225/07/2012DutchPDF
m120-f-p31/12/201108/06/201203/07/2012DutchPDF

View all 26 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 44 ended

Active mandates

BTX Consult BV

Director · since 13 octobre 2022 · until 12 octobre 2028

Represented by Remco Boerefijn

Active
LDB CONSULTING

Director · since 13 octobre 2022 · until 12 octobre 2028 · 0544.724.680

Represented by Luc De Busscher

Active

Ended mandates

Riccardo Monti

Director · since 16 décembre 2020 · until 13 octobre 2022

Ended
Bianca Do

Director · since 15 avril 2020 · until 09 juin 2023

Ended
Bianca Rothacker

Director · since 15 avril 2020 · until 13 octobre 2022

Ended
BTX Consult BV

Managing director · since 29 janvier 2019 · until 10 juin 2022

Represented by Remco Boerefijn

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares17/09/2026
    KAPITAAL, AANDELEN, STATUTEN (VERTALING, COORDINATIE,
    PDF
  • Capital / shares01/07/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates12/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/05/2026
    DIVERSEN
    PDF
  • Capital / shares10/04/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Capital / shares21/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Other30/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Mandates16/03/2023
    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

Timeline

  1. 22/06/2026
    augmentation_capital
  2. 2025
    Annual accounts 2025-10,8 M €↓
  3. 14/06/2025
    reconductionErnst & Young Bedrijfsrevisoren BV — commissaris
  4. 03/04/2025
    augmentation_capital
  5. 2024
    Annual accounts 2024-7,3 M €↓
  6. 27/02/2024
    augmentation_capital
  7. 2023
    Annual accounts 2023-3,5 M €↓
  8. 2022
    Annual accounts 20223,0 M €↑
  9. 13/10/2022
    nominationLDB Consulting — bestuurder
  10. 13/10/2022
    nominationBTX Consult — bestuurder
  11. 22/08/2022
    nominationDaniël Van Den Branden — vaste vertegenwoordiger
  12. 15/06/2022
    autre
  13. 10/06/2022
    reconductionBTX Consult BV — bestuurder
  14. 10/06/2022
    reconductionErnst & Young Bedrijfsrevisoren BV — commissaris
  15. 2019
    Annual accounts 2019565,7 k €↓
  16. 2018
    Annual accounts 201873,3 M €↑
  17. 2017
    Annual accounts 2017-173,6 k €↓
  18. 2016
    Annual accounts 201681,9 k €↑
  19. 2015
    Annual accounts 2015-6,5 k €↓
  20. 2014
    Annual accounts 2014722,9 k €↑
  21. 2013
    Annual accounts 2013284,7 k €↓
  22. 2012
    Annual accounts 20123,0 M €↓
  23. 2011
    Annual accounts 20113,5 M €↑
  24. 2010
    Annual accounts 2010-351,7 k €
  25. 13/07/2010
    IncorporationPublic limited company