GROUP-IPS

Active Public limited companyfounded 2006active for 20 yearsBattelsesteenweg 455B, 2800 MechelenKBO/BCE: BE 0880.441.977 subsidiary of ImPulSe INTERNATIONAL

Part of the group ImPulSe INTERNATIONAL 15 companies in 10 countries

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GROUP-IPS

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Holdings

own 2025 accounts, the bar shows equity in euros

This companyGROUP-IPS12 holdings, 10 countries 2025 accounts

Belgium 2 Equity Result

BE IPS Belgium €528,849 result -€470,537
BE BAIPS NV51% -€491 result €35,027

Europe 8 Equity Result

FR IPS France75% €1.0m result €134,281
ES IPS Spain90.8% €943,317 result €376,462
BG IPS Bulgaria80% €723,793 result -€104,718
DE IPS Germany80% €501,760 result €145,905
ES ARQUID S.L.P.51% €323,446 result €91,859
NL IPS Netherlands80% €91,329 result €50,569
RO IPS Romania RON 118,480 result RON 133,604
CH IPS Switzerland80% CHF 45,726 result CHF 3,305

North America 1 Equity Result

US IPS USA80% USD 1.1m result USD 332,643

Africa 1 Equity Result

TN IAPS55% - result -

Source: list of holdings in its own 2025 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.

Part of the group ImPulSe INTERNATIONAL Group, risk and exposure

Parent

ImPulSe INTERNATIONAL

0644.907.171 · 79.99% of the shares · equity €3.9m · profit €12,543 (2025)

Checked score 92

At the same address

Battelsesteenweg 455B, 2800 Mechelen · 3 other companies

OD Tandartsen registered office since 03-02-2023 · founded in 2011 · group ODONTOLIA GROUP	103 FTE (2025) 0835.366.671
BROCADE COMMUNICATIONS SYSTEMS BELGIUM registered office since 29-08-2003 · founded in 2003	30 FTE (2025) 0860.277.162
MAARS BeLux registered office since 28-09-1999 · founded in 1999	12 FTE (2025) 0466.510.810

Holdings and subsidiaries

12 holdings · 13 subsidiaries, including indirect ones

Share, source and own figures per holding (12)

Source for every holding own accounts 2025

IPS BELGIUMsubsidiary
Equity €528,849 Loss of €470,537 in 2025 (loss of €277,998 in 2024) Checked score 64

100%
IPS RomaniaROsubsidiary
Equity RON 118,480Result RON 133,604

100%
IPS SpainESsubsidiary
Equity €943,317Result €376,462

90.8%
IPS BulgariaBGsubsidiary
Equity €723,793Result -€104,718

80%
IPS GermanyDEsubsidiary
Equity €501,760Result €145,905

80%
IPS NetherlandsNLsubsidiary
Equity €91,329Result €50,569

80%
IPS SwitzerlandCHsubsidiary
Equity CHF 45,726Result CHF 3,305

80%
IPS USAUSsubsidiary
Equity USD 1.1mResult USD 332,643

80%
IPS FranceFRsubsidiary
Equity €1.0mResult €134,281

75%
IAPSTNsubsidiary

55%
ARQUID S.L.P.ESsubsidiary
Equity €323,446Result €91,859

51%
BAIPSsubsidiary
Equity -€491 Profit of €35,027 in 2025 (profit of €28,998 in 2024) Checked score 55

51%

All subsidiaries, including indirect ones 13

GROUP-IPS or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.

IPS BELGIUM 100%1 subsidiary
- INDUSTRIAL PROJECTS SERVICES ENGINEERING 100%
IPS RomaniaRO 100%
IPS SpainES 90.8%
IPS BulgariaBG 80%
IPS GermanyDE 80%
IPS NetherlandsNL 80%
IPS SwitzerlandCH 80%
IPS USAUS 80%
IPS FranceFR 75%
IAPSTN 55%
ARQUID S.L.P.ES 51%
BAIPS 51%

Holdings through the years 2009 to 2025

Holdings through the years
Name	2009	2010	2011	2012	2014	2017	2018	2019	2020	2021	2022	2023	2025
IPS BELGIUM 2009 to 2017: 96% 2018 to 2020: 99.9% 2021 to 2025: 100%	96%						99.9%			100%
IPS RomaniaRO 2012 to 2025: 100%				100%
IPS SpainES 2009: 12% 2010 to 2013: 99.8% 2014 to 2018: 99% 2019: 80% 2020 to 2022: 100% 2023 to 2025: 90.8%	12%	99.8%			99%			80%	100%			90.8%
IPS BulgariaBG 2009 to 2020: 100% 2021 to 2025: 80%	100%									80%
IPS GermanyDE 2021 to 2022: 100% 2023 to 2024: 90% 2025: 80%										100%		90%	80%
IPS NetherlandsNL 2020 to 2025: 80%									80%
IPS SwitzerlandCH 2021 to 2025: 80%										80%
IPS USAUS 2009 to 2020: 100% 2021 to 2025: 80%	100%									80%
IPS FranceFR 2017 to 2020: 100% 2021 to 2025: 75%						100%				75%
IAPSTN 2018 to 2019: 45% 2020 to 2025: 55%							45%		55%
ARQUID S.L.P.ES 2018 to 2022: 40% 2023 to 2025: 51%							40%					51%
BAIPS 2021: 61% 2022 to 2025: 51%										61%	51%
INDUSTRIAL PROJECTS SERVICES ENGINEERING 2021 to 2023: 100%										100%
IPS CanadaCA 2020: 100%									100%
IPS GmbhDE 2011 to 2020: 100%			100%
IPS ChinaCN 2009 to 2019: 100%	100%
IPS do Brasil LtdaBR 2010 to 2019: 99%		99%
IPS TEAM SAILER 2009 to 2015: 98.5%	98.5%
I.T.S.- INDUSTRIAL TECHNICAL SERVICES 2010 to 2015: 90%		90%
3E CONSTRUCT 2010 to 2014: 80%		80%
IPSDE 2009 to 2010: 100%	100%

Source: list of holdings in its own accounts

Acquisitions and mergers

2 transactions

Took over:I.T.S. - Industrial Technical Services

BE 0822.165.862merger by absorption · Gazette deed of 26-02-2021 (4 deeds)

Took over:IPS TEAM SAILER

BE 0808.077.603merger by absorption · Gazette deed of 26-02-2021 (5 deeds)

Connections & network

3 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet

Linked via shared directors

GREEN FRIX

via LL CONSULTING · Director · deed of 03-11-2023

Founded in 2013 · 2 FTE (2025) · negative equity

→

MATERIA NOVA

via LL CONSULTING · Managing director · deed of 12-09-2024

Founded in 1999 · 75 FTE (2025)

→

IONICS

via LL CONSULTING · Managing director · deed of 28-01-2025

Founded in 2014 · 14 FTE (2025)

→