NORMAL SITUATION

IPS Brussels

Financial year 2021 · closed on 31/12/2021
Net result
777,5 €
+103.5% YoY
Gross margin
186,4 k €
-39.5% YoY
Equity
195,1 k €
+0.4% YoY
Workforce
3,7 ETP
-39.3% YoY

Company — Normal situation.

What does IPS Brussels do?

IPS Brussels is a company registered in Belgium. It employs on average 3,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0840.530.734
Legal form
Public limited company
Contributed capital
300 000,00 €
Latest accounts
31/12/2021
Average workforce
3,7 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2021202020192018201720162015201420132012
Income statement
Gross margin186,4 k €308,2 k €531,8 k €
EBITDA8,4 k €-74,8 k €26 k €83,5 k €40,3 k €42 k €39,2 k €48,2 k €-306,6 k €-514,7 k €
Operating result5,5 k €-20 k €22 k €80,1 k €37,2 k €36,9 k €33,6 k €40,3 k €-314,2 k €-522,7 k €
Net result777,5 €-22,1 k €-51,9 k €54,1 k €9,9 k €12,7 k €6,8 k €22,4 k €-330 k €-533,6 k €
Balance sheet
Equity195,1 k €194,3 k €216,4 k €268,3 k €214,2 k €204,3 k €191,6 k €184,8 k €-163,7 k €-233,6 k €
Total assets366,4 k €554,4 k €549,1 k €567,9 k €530,1 k €1,3 M €340,6 k €285,4 k €135,6 k €150,1 k €
Cash92,2 k €134,9 k €202,4 k €247,6 k €202,3 k €1 M €29,8 k €31,2 k €49,3 k €72,6 k €
Debts171,4 k €359,8 k €332,7 k €299,6 k €315,9 k €1,1 M €148,9 k €100,6 k €297,2 k €372,1 k €
Other
Workforce3,7 ETP6,1 ETP9,6 ETP9,7 ETP10,6 ETP10,4 ETP9,8 ETP9,0 ETP6,3 ETP5,1 ETP
Governance

Board of directors

Seen on filing of 31/12/2021 · 2 active · 13 ended

Active mandates

Bastiaan DE VRIES

Director · since 14 février 2020 · until 22 février 2022

Active
Suresh SAINANEE

Managing director · since 02 juillet 2019 · until 22 février 2022

Active

Ended mandates

Bastiaan DE VRIES

Director · since 14 février 2020 · until 25 avril 2025

Ended
Rafael Kurtish

Director · since 02 juillet 2019 · until 03 juin 2025

Ended
Rafael KURTISH

Managing director · since 02 juillet 2019 · until 14 février 2020

Ended
Suresh Sainanee

Managing director · since 02 juillet 2019 · until 03 juin 2025

Ended
Annual accounts

Full financial information

202120202019201820172016
Type of accountAbridged modelAbridged modelAbridged modelFull modelFull modelFull model
Start of the financial year01/01/202101/01/202001/01/201901/01/201801/01/201701/01/2016
Closing of the financial year31/12/202131/12/202031/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/07/202222/07/202124/04/202030/08/201903/09/201825/07/2017
General meeting30/06/202219/07/202124/04/202021/08/201913/07/201828/06/2017
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202130/06/202229/07/2022FrenchPDF
Abridged model31/12/202019/07/202122/07/2021FrenchPDF
Abridged model31/12/201924/04/202024/04/2020FrenchPDF
Full model31/12/201821/08/201930/08/2019FrenchPDF
Full model31/12/201713/07/201803/09/2018FrenchPDF
Full model31/12/201628/06/201725/07/2017FrenchPDF
Full model31/12/201527/06/201629/07/2016FrenchPDF
Full model31/12/201426/06/201522/07/2015FrenchPDF
Full modelCorrection31/12/201301/07/201423/09/2014FrenchPDF
Full model31/12/201301/07/201425/07/2014FrenchPDF
Full model31/12/201228/06/201323/07/2013FrenchPDF
Estimate

Indicative valuation

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 31/12/2021 · 2 active · 13 ended

Active mandates

Bastiaan DE VRIES

Director · since 14 février 2020 · until 22 février 2022

Active
Suresh SAINANEE

Managing director · since 02 juillet 2019 · until 22 février 2022

Active

Ended mandates

Bastiaan DE VRIES

Director · since 14 février 2020 · until 25 avril 2025

Ended
Rafael Kurtish

Director · since 02 juillet 2019 · until 03 juin 2025

Ended
Rafael KURTISH

Managing director · since 02 juillet 2019 · until 14 février 2020

Ended
Suresh Sainanee

Managing director · since 02 juillet 2019 · until 03 juin 2025

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

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Timeline

  1. 2021
    Annual accounts 2021777,5 €
  2. 2020
    Annual accounts 2020-22,1 k €
  3. 2019
    Annual accounts 2019-51,9 k €
  4. 2018
    Annual accounts 201854,1 k €
  5. 2017
    Annual accounts 20179,9 k €
  6. 2016
    Annual accounts 201612,7 k €
  7. 2015
    Annual accounts 20156,8 k €
  8. 2014
    Annual accounts 201422,4 k €
  9. 2013
    Annual accounts 2013-330 k €
  10. 2012
    Annual accounts 2012-533,6 k €