IP BELGIUM
InactiveInactive; last annual accounts for fiscal year 2022.
Overview
What they do
Activity not known
How big
€194.2mturnover 2022
- Staff
- 43.2 FTE
- Equity
- €69.6m
- Profit
- €2.7m
Financially healthy?
Inactive: no score
Who decides
Accounts 35 d early0 of 26 deeds read
SignalsLatest accounts filed on timeShow the evidence
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-06-2023, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
35 d early
2021
82 d early
2020
39 d early
2019
31 d early
2018
35 d early
2017
36 d early
2016
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 41 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
- General meeting · Permanent representativeDirector resignation · Director appointment
- General meeting · MergerAccounting effect · Purpose change
- Annual accounts filedfiscal year 2022 · full…
Financials
Fiscal year 2022Turnover €194.2mProfit €2.7mSolvency 52.9%Liquidity 2.13
Turnover
€194.2m▲ 3.0%
2018 - 2022
Net result
€2.7m▼ 78.5%
2018 - 2022
Equity
€69.6m▲ 4.0%
2018 - 2022
Staff (FTE)
43.2▼ 49.2%
2018 - 2022
Financials · fiscal year 2022, full schema
Trend over the years
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€181.3m-€187.7m▲ 3.6%€164.1m▼ 12.6%€188.6m▲ 15.0%€194.2m▲ 3.0%
Operating result€10.4m-€12.6m▲ 20.5%€9.9m▼ 21.3%€16.6m▲ 68.2%€3.5m▼ 78.9%
Net result€7.2m-€8.7m▲ 21.5%€7.3m▼ 16.2%€12.3m▲ 69.3%€2.7m▼ 78.5%
EBIT margin5.8%-6.7%▲ 0.9pp6.0%▼ 0.7pp8.8%▲ 2.8pp1.8%▼ 7.0pp
Equity€111.7m-€120.4m▲ 7.8%€127.7m▲ 6.1%€66.9m▼ 47.6%€69.6m▲ 4.0%
Total assets€193.7m-€198.6m▲ 2.5%€201.9m▲ 1.6%€134.4m▼ 33.4%€131.4m▼ 2.2%
Debt€82.0m-€78.1m▼ 4.7%€74.2m▼ 5.1%€67.5m▼ 9.0%€61.9m▼ 8.3%
Working capital€114.8m-€120.4m▲ 4.9%€128.2m▲ 6.5%€65.9m▼ 48.6%€69.5m▲ 5.5%
Staff (FTE)83.5-85.6▲ 2.5%83.1▼ 2.9%85▲ 2.3%43.2▼ 49.2%
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 79% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €131.4m
Fixed assets
€110,177 ▼ 91.1%
Current assets
€131.3m ▼ 1.4%
Equity and liabilities €131.4m
Equity
€69.6m ▲ 4.0%
Debt
€61.9m ▼ 8.3%
Debt's share of the balance-sheet total falls from 50.2% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€3.7m▼
2021 · €16.8m
Cash flow
€2.9m▼
2021 · €12.5m
Current ratio
2.13▲
2021 · 1.98
Debt to equity
0.89▼
2021 · 1.01
ROE
3.8%▼
2021 · 18.4%
ROA
2.0%▼
2021 · 9.2%
Interest coverage
571.08▼
2021 · 2863.00
Debt ≤ 1 year
€61.8m▼
2021 · €67.3m
Income taxes
€1.0m▼
2021 · €4.3m
Staff costs
€5.8m▼
2021 · €7.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €189.4m | €195.1m | ▲ 3.0% |
| Turnover70 | €181.3m | €187.7m | €164.1m | €188.6m | €194.2m | ▲ 3.0% |
| Other operating income74 | - | - | - | €0.8m | €0.8m | ▲ 4.5% |
| Non-recurring operating income76A | - | - | - | €107 | €17 | ▼ 84.5% |
| Operating charges60/66A | - | - | - | €172.8m | €191.6m | ▲ 10.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €141.4m | €136.7m | ▼ 3.3% |
| Purchases600/8 | - | - | - | €141.4m | €136.7m | ▼ 3.3% |
| Services and other goods61 | - | - | - | €23.2m | €46.8m | ▲ 102% |
| Remuneration, social security and pensions62 | - | - | - | €7.9m | €5.8m | ▼ 26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.09m | €0.1m | €0.2m | €0.2m | ▲ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.5m | €0.3m | ▲ 154% |
| Other operating charges640/8 | - | - | - | €0.6m | €0.2m | ▼ 71.9% |
| Non-recurring operating charges66A | - | - | - | - | €1.6m | - |
| Operating profit (loss)9901 | €10.4m | €12.6m | €9.9m | €16.6m | €3.5m | ▼ 78.9% |
| Financial income75/76B | - | - | - | €0 | €0.2m | ▲ 515,020,800% |
| Recurring financial income75 | €0.001m | €0.001m | €115 | €0 | €0.2m | ▲ 515,020,800% |
| Income from current assets751 | - | - | - | - | €0.2m | - |
| Other financial income752/9 | - | - | - | €0 | €427 | ▲ 1,067,725% |
| Financial charges65/66B | - | - | - | €0.04m | €0.05m | ▲ 30.6% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.08m | €0.04m | €0.05m | ▲ 30.6% |
| Debt charges650 | €0.008m | €0.01m | €0.005m | €0.006m | €0.007m | ▲ 10.6% |
| Other financial charges652/9 | - | - | - | €0.03m | €0.05m | ▲ 34.0% |
| Profit (loss) for the period before taxes9903 | €10.4m | €12.5m | €9.8m | €16.6m | €3.7m | ▼ 77.9% |
| Income taxes67/77 | €3.2m | €3.8m | €2.5m | €4.3m | €1.0m | ▼ 76.3% |
| Taxes670/3 | - | - | - | €4.3m | €1.0m | ▼ 76.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.008m | €0.009m | ▲ 21.0% |
| Profit (loss) for the period9904 | €7.2m | €8.7m | €7.3m | €12.3m | €2.7m | ▼ 78.5% |
| Profit (loss) for the period to be appropriated9905 | €7.9m | €8.7m | €7.3m | €12.3m | €2.7m | ▼ 78.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193.7m | €198.6m | €201.9m | €134.4m | €131.4m | ▼ 2.2% |
| Fixed assets21/28 | €0.2m | €0.5m | €0.9m | €1.2m | €0.1m | ▼ 91.1% |
| Intangible fixed assets21 | - | €0.2m | €0.6m | €1.0m | - | - |
| Tangible fixed assets22/27 | €0.2m | €0.3m | €0.2m | €0.2m | €0.06m | ▼ 65.0% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | - | - |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.06m | ▼ 18.0% |
| Assets under construction and advance payments27 | - | - | - | €0.06m | - | - |
| Financial fixed assets28 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 0.7% |
| Other financial fixed assets284/8 | - | - | - | €0.05m | €0.05m | ▼ 0.7% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.05m | €0.05m | ▼ 0.7% |
| Current assets29/58 | €193.5m | €198.1m | €201.0m | €133.2m | €131.3m | ▼ 1.4% |
| Amounts receivable within one year40/41 | €193.1m | €197.6m | €200.5m | €132.5m | €130.9m | ▼ 1.2% |
| Trade receivables40 | - | - | - | €63.0m | €51.6m | ▼ 18.1% |
| Other amounts receivable41 | - | - | - | €69.5m | €79.2m | ▲ 14.1% |
| Cash at bank and in hand54/58 | €0.001m | €0.004m | €0.004m | €0.005m | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.7m | €0.5m | ▼ 31.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193.7m | €198.6m | €201.9m | €134.4m | €131.4m | ▼ 2.2% |
| Equity10/15 | €111.7m | €120.4m | €127.7m | €66.9m | €69.6m | ▲ 4.0% |
| Contributions10/11 | €50.1m | €50.1m | €50.1m | €50.1m | €50.1m | = |
| Capital10 | - | - | - | €50.1m | €50.1m | = |
| Issued capital100 | - | - | - | €50.1m | €50.1m | = |
| Reserves13 | €7.7m | €8.1m | €8.5m | €5.1m | €5.1m | = |
| Non-distributable reserves130/1 | - | - | - | €5.1m | €5.1m | = |
| Legal reserve130 | - | - | - | €5.1m | €5.1m | = |
| Profit (loss) carried forward14 | €54.0m | €62.2m | €69.2m | €11.7m | €14.4m | ▲ 22.6% |
| Provisions and deferred taxes16 | €0.01m | €0.06m | - | - | - | - |
| Amounts payable17/49 | €82.0m | €78.1m | €74.2m | €67.5m | €61.9m | ▼ 8.3% |
| Amounts payable within one year42/48 | €78.7m | €77.7m | €72.8m | €67.3m | €61.8m | ▼ 8.1% |
| Trade debts44 | €73.4m | €73.1m | €66.8m | €61.1m | €59.0m | ▼ 3.3% |
| Suppliers440/4 | - | - | - | €61.1m | €59.0m | ▼ 3.3% |
| Advances received on contracts in progress46 | - | - | - | €0.003m | €0.01m | ▲ 451% |
| Taxes, remuneration and social security45 | - | - | - | €6.2m | €2.7m | ▼ 55.8% |
| Taxes450/3 | - | - | - | €4.5m | €2.7m | ▼ 39.1% |
| Remuneration and social security454/9 | - | - | - | €1.7m | €0.009m | ▼ 99.5% |
| Other amounts payable47/48 | - | - | - | €0.009m | €0.001m | ▼ 86.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.08m | ▼ 65.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.2m | €8.7m | €7.3m | €12.3m | €2.7m | ▼ 78.5% |
| + Depreciation and write-downs630 | €0.08m | €0.09m | €0.1m | €0.2m | €0.2m | ▲ 0.3% |
| Operating cash flow (approximation) | €7.2m | €8.8m | €7.4m | €12.5m | €2.9m | ▼ 77.2% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€0.5m | -€0.6m | €0.9m | ▲ 258% |
| Change in cash | - | €0.002m | €0 | €0.002m | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Board & ownership
1 merger or contribution
Directors
Directors
No directors read yet: 0 of 26 Gazette acts processed. See the function holders in the CBE →
Structure & network
Connections & network
No directors read yet: 0 of 26 Gazette acts processed.
Acquisitions and mergers
1 transactionTaken over by:RTL BELGIUM
Timeline
16 eventsLatest 22-10-2025
History
Acts, filings and financial milestones
2025
22-10
State Gazette act
General meeting · Permanent representative
Director resignation · Director appointment
2023
24-07
State Gazette act
General meeting · Merger
Accounting effect · Purpose change
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
26-05
State Gazette act
Merger · Accounting effect
Purpose change · Power of attorney
2022
31-12
Financial
Weakest financial yearnet €2.7m ▼78.5%
Net result drops to €2.7m, the lowest in the series.
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €12.3m ▲69.3%
Operating result €16.6m, net result €12.3m, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
19-02
State Gazette act
General meeting · Director appointment
Board meeting
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
01-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding source
Wallonia-Brussels Federation
€261,070
paid · 2021
Subsidies and aid
Wallonia-Brussels Federation
2021 · 4 entries · €261,070 in total| Year | Entries | paid |
|---|---|---|
| 2021 | 4 | €261,070 |