ACTIVE

IPO

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Financial year 2025 · closed on 31/12/2025
Net result
35,9 k €
-77.9% YoY
Gross margin
75,1 k €
-63.6% YoY
Equity
57 k €
+169.9% YoY

What does IPO do?

IPO is a Private limited company incorporated in 2006. Its main activity is: Computer consultancy activities. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0885.238.826
Incorporation
27/11/2006
Legal form
Private limited company
Registered office
Rue des Colonies 11
1000 Bruxelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
62020Computer consultancy activities· main62100Computer programming, consultancy and related activities62200Computer programming, consultancy and related activities72100Research and experimental development on natural sciences and engineering63100Data processing, hosting and related activities; web portals63110Data processing, hosting and related activities+4
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin75,1 k €206 k €254,8 k €239,5 k €226,3 k €156,4 k €92,2 k €96,9 k €76,6 k €92,8 k €68,5 k €92,9 k €68,7 k €83 k €95,8 k €87,4 k €79,4 k €48,4 k €35,3 k €
EBITDA39,1 k €204,2 k €254,3 k €238,9 k €225,8 k €155,9 k €91,5 k €96,2 k €75,9 k €91,7 k €67,4 k €92 k €67,8 k €82,1 k €94,9 k €86,7 k €78,6 k €47,6 k €34,2 k €
Operating result39 k €204,2 k €240,2 k €225,8 k €212,5 k €148,6 k €91,1 k €95,5 k €75,9 k €78,4 k €52,6 k €72,3 k €46,8 k €61,9 k €73,6 k €66,4 k €61 k €29,9 k €13,1 k €
Net result35,9 k €162,5 k €179,2 k €155,7 k €145,8 k €102,2 k €61,7 k €65 k €45,4 k €48,6 k €26,8 k €41,5 k €29,6 k €40,3 k €47,3 k €44,5 k €43,7 k €23 k €10,4 k €
Balance sheet
Equity57 k €21,1 k €676,8 k €720,8 k €664,6 k €518,8 k €416,6 k €355 k €290 k €244,5 k €195,9 k €169,2 k €127,7 k €127,6 k €87,4 k €140,1 k €95,6 k €52 k €29 k €
Total assets279,9 k €23 k €937,8 k €769,5 k €809,2 k €658,9 k €557,9 k €496,2 k €422,4 k €382,1 k €343,3 k €304,4 k €284,3 k €227 k €291,5 k €241,1 k €148,2 k €137,6 k €188 k €
Cash93,6 k €4,5 k €876 k €724,1 k €752,9 k €579 k €534,1 k €480,6 k €420,1 k €360,2 k €310,2 k €252,1 k €220,7 k €149,1 k €180,3 k €126,6 k €36,3 k €3,6 k €18,7 k €
Debts222,8 k €1,9 k €261 k €48,7 k €144,6 k €140,1 k €141,2 k €141,2 k €132,4 k €137,5 k €147,4 k €135,2 k €156,5 k €99,4 k €203,7 k €100,9 k €52,6 k €85,3 k €159 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Selim Cesic

Director · since 31 décembre 2024

Active
VERMARCO

Director · since 31 décembre 2024 · 1000.060.892

Represented by Marc Van Engeland

Active

Ended mandates

VERMARCO

Director · since 31 décembre 2024 · 1000.060.892

Represented by Marc VAN ENGELAND

Ended
Geert Van Rumste

Mandate

Ended
Geert Van Rumste

Director

Ended
Geert Van Rumste

Manager

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date07/07/202631/08/202529/09/202404/09/202331/08/202219/08/2021
General meeting23/06/202631/08/202525/06/202427/06/202328/06/202229/06/2021
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202523/06/202607/07/2026DutchPDF
Micro model31/12/202431/08/202531/08/2025DutchPDF
Micro model31/12/202325/06/202429/09/2024DutchPDF
Micro model31/12/202227/06/202304/09/2023DutchPDF
Micro model31/12/202128/06/202231/08/2022DutchPDF
Micro model31/12/202029/06/202119/08/2021DutchPDF
Micro model31/12/201923/06/202028/07/2020DutchPDF
Micro model31/12/201825/06/201926/08/2019DutchPDF
Micro model31/12/201726/06/201826/06/2018DutchPDF
Abridged model31/12/201627/06/201704/07/2017DutchPDF
Abridged model31/12/201528/06/201628/06/2016DutchPDF
Abridged model31/12/201423/06/201529/06/2015DutchPDF
Abridged model31/12/201303/06/201410/06/2014DutchPDF
Abridged model31/12/201205/07/201308/07/2013DutchPDF
Abridged model31/12/201119/06/201222/08/2012DutchPDF
Abridged model31/12/201021/06/201130/08/2011DutchPDF
Abridged model31/12/200922/06/201030/06/2010DutchPDF
Abridged model31/12/200823/06/200925/06/2009DutchPDF
Abridged model31/12/200717/06/200803/07/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 4 ended

Active mandates

Selim Cesic

Director · since 31 décembre 2024

Active
VERMARCO

Director · since 31 décembre 2024 · 1000.060.892

Represented by Marc Van Engeland

Active

Ended mandates

VERMARCO

Director · since 31 décembre 2024 · 1000.060.892

Represented by Marc VAN ENGELAND

Ended
Geert Van Rumste

Mandate

Ended
Geert Van Rumste

Director

Ended
Geert Van Rumste

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office11/02/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    PDF
  • Other31/03/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Capital / shares26/02/2014
    KAPITAAL - AANDELEN
    PDF
  • Other08/10/2007
    DIVERSEN
    PDF
  • Other05/12/2006
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202535,9 k €↓
  2. 2024
    Annual accounts 2024162,5 k €↓
  3. 2023
    Annual accounts 2023179,2 k €↑
  4. 2022
    Annual accounts 2022155,7 k €↑
  5. 2021
    Annual accounts 2021145,8 k €↑
  6. 2020
    Annual accounts 2020102,2 k €↑
  7. 2019
    Annual accounts 201961,7 k €↓
  8. 2018
    Annual accounts 201865 k €↑
  9. 2017
    Annual accounts 201745,4 k €↓
  10. 2016
    Annual accounts 201648,6 k €↑
  11. 2015
    Annual accounts 201526,8 k €↓
  12. 2014
    Annual accounts 201441,5 k €↑
  13. 2013
    Annual accounts 201329,6 k €↓
  14. 2012
    Annual accounts 201240,3 k €↓
  15. 2011
    Annual accounts 201147,3 k €↑
  16. 2010
    Annual accounts 201044,5 k €↑
  17. 2009
    Annual accounts 200943,7 k €↑
  18. 2008
    Annual accounts 200823 k €↑
  19. 2007
    Annual accounts 200710,4 k €
  20. 27/11/2006
    IncorporationPrivate limited company