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IP Trade

Active
Public limited company·Ontwerpen van computerprogramma’s· 25 yrs active
Rue des Guillemins 129 ·4000 Liège, Belgium
KBO/BCE: BE 0473.113.837
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age25 yrs
Board3
Staff (FTE)37.2
Connections22
Real estate1 parcel · 4,768 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of IP Trade is 0.2% (very low). The 2022 annual accounts show equity of €22.23M and a net result of €10.37M. The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-03-2025 31-10-2025 29-09-2025 32 d early 2025-00514469
31-03-2024 31-10-2024 30-09-2024 31 d early 2024-00484314
31-03-2023 31-10-2023 26-09-2023 35 d early 2023-00455068
31-03-2022 31-10-2022 27-09-2022 34 d early 2022-20442772
31-03-2021 31-10-2021 29-09-2021 32 d early 2021-71000323
31-03-2020 31-10-2020 29-10-2020 2 d early 2020-64700407
31-03-2019 31-10-2019 30-10-2019 1 d early 2019-71800386
31-03-2018 31-10-2018 28-09-2018 33 d early 2018-65500227
31-12-2016 31-07-2017 29-06-2017 32 d early 2017-24500093
31-12-2015 31-07-2016 31-05-2016 61 d early 2016-14100109

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 2000, 25 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€18.52M+51.3%
EBIT margin57.9%+34.4pp
Net result€10.37M
Working capital€19.23M+1193.2%

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2025 · volledig
€-10.00M€0€10.00M€20.00MRevenue 2019: €12.24M€12.24MOperating result 2019: €2.87M€2.87MNet result 2019: €-3.30M€-3.30MRevenue 2022: €18.52M€18.52MOperating result 2022: €10.72M€10.72MNet result 2022: €10.37M€10.37M20192022
RevenueOperating resultNet result
Revenue
€18.52M
+51.3% 19-22
EBITDA
€13.29M
+194.6% 19-22
Net profit
€10.37M
- 19-22
Cash flow
€12.93M
- 19-22
Total assets
€25.20M
+33.4% 19-22
Equity
€22.23M
+327.5% 19-22
Working capital
€19.23M
+1193.2% 19-22
Employees (FTE)
37
0.0% 19-22
Staff costs
€3.18M
- 19-22
Income taxes
€324k
- 19-22
Debt
€2.98M
-78.3% 19-22
Debt ≤ 1y
€1.31M
-88.8% 19-22
Debt > 1y
€217k
- 19-22
Current ratio
15.68
+1291.4% 19-22
Quick ratio
15.52
+2024.3% 19-22
Solvency
88.2%
+220.6% 19-22
Debt / equity
0.13
+220.3% 19-22
ROE
46.6%
- 19-22
ROA
41.1%
- 19-22
Net margin
56.0%
- 19-22
EBITDA margin
71.7%
+94.7% 19-22
Interest coverage
416.21
+616.4% 19-22
Figures by fiscal year
Fiscal year2022
Depositvolledig
Revenue€18.52M
EBITDA€13.29M
Net profit€10.37M
Cash flow€12.93M
Staff costs€3.18M
Income taxes€324k
Dividends-
Total assets€25.20M
Equity€22.23M
Debt€2.98M
of which ≤ 1y€1.31M
of which > 1y-
Working capital€19.23M
Employees (FTE)37.2
Ratios (computed)
2022
Current ratio15.68
Quick ratio15.52
Working capital ratio76.3%
Solvency88.2%
Debt / equity0.13
Long-term debt ratio-
Interest coverage416.21
Gross margin79.1%
Net margin56.0%
ROA41.1%
ROE46.6%
EBITDA margin71.7%
Days sales outstanding10d
Days payable outstanding36d
Inventory turnover18.08
Days inventory (DSI)20d
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€25.20M
Fixed assets 21/28€4.66M
Formation expenses 20€1k
Intangible fixed assets 21€4.62M
Tangible fixed assets 22/27€13k
Financial fixed assets 28€28k
Current assets 29/58€20.54M
Stocks & contracts in progress 3€215k
Amounts receivable within one year 40/41€738k
Investments 50/53€19.28M
Cash & bank 54/58€149k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€25.20M
Equity 10/15€22.23M
Contributions / capital 10/11€4.38M
Reserves 13€4.80M
Accumulated profits (losses) 14€13.05M
Amounts payable 17/49€2.98M
Amounts payable within one year 42/48€1.31M
Trade debts payable within one year 44€377k
Income statement
Turnover 70€18.52M
Operating result 9901€10.72M
Financial income 75€4k
Financial charges 65€32k
Result before taxes 9903€10.69M
Income taxes 67/77€324k
Net result for the period 9904€10.37M
Result to be appropriated 9905€10.37M
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
100 / 100 Excellent
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Directors

Directors & mandates

under verification
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (23140233). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Geert Eylenbosch
    Director
    State Gazette act 23140233 (06-11-2023)
    Current
    27-06-2023 → present
  • Laura Galvin
    Director
    State Gazette act 23140233 (06-11-2023)
    Current
    27-06-2023 → present
  • Rodrigo Benito Alonso
    Director
    State Gazette act 23140233 (06-11-2023)
    Current
    27-06-2023 → present
Historic, not recently confirmed (5)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Steve Lockwood
    Director
    State Gazette act 17090124 (26-06-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • Tomas Vanderick
    Director
    State Gazette act 17090124 (26-06-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • Bernard Stas
    Director
    State Gazette act 10111757 (27-07-2010)
    Not recently confirmed
    last confirmed in an act from 2010
  • Guibaval SPRLLegal entity
    Director· perm. rep.: Didier Mattivi
    State Gazette act 10111757 (27-07-2010)
    Not recently confirmed
    last confirmed in an act from 2010
  • MEUSINVESTLegal entity
    Director· perm. rep.: Freddy Meurs
    State Gazette act 10111757 (27-07-2010)
    Not recently confirmed
    last confirmed in an act from 2010
Former directors (12)
  • Colin Bannon
    Director
    State Gazette act 19073659 (03-06-2019)
    Former
    29-04-2019 → 27-06-2023
    2 events
    • 27-06-2023 Resigned· Director
    • 29-04-2019 Appointed· Director
  • Steven Lockwood
    Director
    State Gazette act 22144408 (08-12-2022)
    Former
    27-09-2022 → 27-06-2023
    2 events
    • 27-06-2023 Resigned· Director
    • 27-09-2022 Mandate renewed· Director
  • Thomas Vanderick
    Director
    State Gazette act 22144408 (08-12-2022)
    Former
    27-09-2022 → 27-06-2023
    2 events
    • 27-06-2023 Resigned· Director
    • 27-09-2022 Mandate renewed· Director
  • Jean-François Geys
    Director
    State Gazette act 17090124 (26-06-2017)
    Former
    09-01-2013 → 01-02-2020
    4 events
    • 01-02-2020 Resigned· Managing director
    • 28-04-2017 Appointed· Director
    • 28-04-2017 Appointed· Managing director
    • 09-01-2013 Appointed· Director
  • David Payne
    Director
    State Gazette act 17090124 (26-06-2017)
    Former
    28-04-2017 → 29-04-2019
    2 events
    • 29-04-2019 Resigned· Director
    • 28-04-2017 Appointed· Director
  • EUREFILegal entity
    Director· perm. rep.: Daniel Gheza
    State Gazette act 17090124 (26-06-2017)
    Former
    - → 28-04-2017
  • GUIBAVALLegal entity
    Director· perm. rep.: Didier Mattivi
    State Gazette act 17090124 (26-06-2017)
    Former
    - → 28-04-2017
  • H & H INVESTLegal entity
    Director· perm. rep.: Hervé Herinckx
    State Gazette act 17090124 (26-06-2017)
    Former
    - → 28-04-2017
  • KAOLALegal entity
    Director· perm. rep.: Serge Delpla
    State Gazette act 17090124 (26-06-2017)
    Former
    - → 28-04-2017
  • SIT Group ParticipationsLegal entity
    Director· perm. rep.: Jérôme Grandidier
    State Gazette act 13005120 (09-01-2013)
    Former
    09-01-2013 → 28-04-2017
    2 events
    • 28-04-2017 Resigned· Director
    • 09-01-2013 Appointed· Director
  • Bernard JOLLY
    Director
    State Gazette act 13005120 (09-01-2013)
    Former
    - → 09-01-2013
  • Jérôme Grandidier
    Director
    State Gazette act 13005120 (09-01-2013)
    Former
    - → 09-01-2013
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

5 auditors
Statutory auditor IRE/IBR number Tenure
KPMG Réviseurs d'EntreprisesCurrent
Statutory auditor · represented by Alexis Palm
 - 27-09-2022 → present
KPMG Réviseurs d'Entreprises BV/SRLCurrent
Statutory auditor · represented by Paul Dreezen
 - 01-04-2023 → present
Ernst & Young
Statutory auditor
succeeded by Ernst & Young Réviseurs d'Entreprises SCCRL in 2017
 - 21-02-2014 → 03-02-2017
Ernst & Young Réviseurs d'Entreprises SCCRL
Statutory auditor · represented by Philippe PIRE
succeeded by KPMG Réviseurs d'Entreprises SCRL in 2020
 - 03-02-2017 → 28-07-2020
KPMG Réviseurs d'Entreprises SCRL
Statutory auditor · represented by Alexis Palm
succeeded by KPMG Réviseurs d'Entreprises in 2022
 - 28-07-2020 → 27-09-2022
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Ontwerpen van computerprogramma’s(62100)
Legal form Public limited company(014)
Incorporation24-10-2000
StatusActive
Postal code4000

Structure & network

Connections & network

22 connected companies
+22 companies via a shared address +22via a sharedaddressIP Trade IP Trade0473.113.837
Shared address / shareholderBundled connections
Network connections
BELGO LEO HOLDING
Shared address
→
CIRCUS BELGIUM
Shared address
→
CIRCUS SERVICES
Shared address
→
CORTEX HOLDING
Shared address
→
EURO 78
Shared address
→
GAMBLING MANAGEMENT
Shared address
→
GAMES SERVICES
Shared address
→
IMMO CIRCUS WALLONIE
Shared address
→
LEA
Shared address
→
LUCKY BET
Shared address
→
Meuse Bidco
Shared address
→
Meuse Finco
Shared address
→
Meuse Midco
Shared address
→
NAMUR CASINO RESORT
Shared address
→
OLYMPIAN WALLONIE
Shared address
→
→
PRES CARATS SPORTS
Shared address
→
ROYAL NAMUR
Shared address
→
Semois Midco
Shared address
→
SLOTS
Shared address
→
TECHNO1
Shared address
→
TOUR DE BASCHAMPS
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
34 companies at this address See who is registered here

Establishment units

1 location
Rue des Guillemins 129, 4000 Liège
de kleinhandel in computers en standaardprogrammatuur
since 20002.095.026.190
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4,768 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62814C0393/00V002 Wallonia 4,768 m² - -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

19 acts
Capital history · 6
01-04-2019
v3.2
28-06-2016
v3.2
26-05-2015
v3.2
13-04-2015
v3.2
19-08-2014
v3.2
22-04-2013
v3.2
Address history · 1
10-10-2024
v3.2
All acts · 19 updated 8 months ago
2025
18-11-2025 Paul Dreezen reappointed as statutory auditor Director changes
  • Paul Dreezen, Commissaris
Summary: v3.2
2024
10-10-2024 Registered office moved from Grâce-Hollogne to Liège Registered-office change
  • Rue de l'Aéropostale 8, 4460 Grâce-Hollogne → Rue des Guillemins 129, 4000 Liège
Summary: v3.2
10-10-2024 1 director appointed, 1 resigning Director changes
  • Paul Dreezen, Commissaris
  • Alexis Palm, Commissaris
Summary: v3.2
2023
06-11-2023 3 directors appointed, 3 resigning Director changes
  • Geert Eylenbosch, Bestuurder
  • Rodrigo Benito Alonso, Bestuurder
  • Laura Galvin, Bestuurder
  • Colin Bannon, Bestuurder
  • Steven Lockwood, Bestuurder
  • Thomas Vanderick, Bestuurder
Summary: v3.2
2022
08-12-2022 3 reappointed Director changes
  • Steven Lockwood, Bestuurder
  • Thomas Vanderick, Bestuurder
  • Alexis Palm, Commissaris
Summary: v3.2
2020
28-07-2020 1 director appointed, 2 resigning Director changes
  • Alexis Palm, Commissaris
  • Marie-Laure Moreau, Commissaris
  • Jean-François Geys, Gedelegeerd bestuurder
Summary: v3.2
2019
03-06-2019 1 director appointed, 1 resigning Director changes
  • Colin Bannon, Bestuurder
  • David Payne, Bestuurder
Summary: v3.2
01-04-2019 Capital increase of €1,429,122.67 to €4,382,278.47 Capital & shares
  • €2.953.155,80 → €4.382.278,47
Summary: v3.2
2017
29-12-2017 Articles of association amended Statutes amendment
Summary: v3.2
26-06-2017 5 directors appointed, 8 resigning Director changes
  • Jean-François Geys, Bestuurder
  • Tomas Vanderick, Bestuurder
  • Steve Lockwood, Bestuurder
  • David Payne, Bestuurder
  • Jean-François Geys, Gedelegeerd bestuurder
  • Didier Mattivi, Bestuurder
  • Serge Delpla, Bestuurder
  • Sophie Trinon, Bestuurder
Summary: v3.2
03-02-2017 Philippe PIRE reappointed as statutory auditor Director changes
  • Philippe PIRE, Commissaris
Summary: v3.2
2016
28-06-2016 Capital increase of €1,200,000 to €2,953,155.80 Capital & shares
  • €1.753.155,80 → €2.953.155,80
Summary: v3.2
2015
26-05-2015 Transaction in capital or shares Capital & shares
Summary: v3.2
13-04-2015 Capital decrease of €4,550,000 to €1,753,155.80 Capital & shares
  • €6.303.155,80 → €1.753.155,80
  • 2 kapitaalbewegingen in deze akte
Summary: v3.2
2014
19-08-2014 Capital increase of €698,135.38 to €6,303,155.80 Capital & shares
  • €5.605.020,42 → €6.303.155,80
Summary: v3.2
21-02-2014 2 reappointed Director changes
  • Ernst & Young, Commissaris
  • Guibaval SPRL, Gedelegeerd bestuurder
Summary: v3.2
2013
22-04-2013 Capital increase of €1,399,991.97 to €5,605,020.42 Capital & shares
  • €4.205.028,45 → €5.605.020,42
Summary: v3.2
09-01-2013 3 directors appointed, 2 resigning Director changes
  • JOLLY Bernard, Bestuurder
  • GRANDIDIER Jérôme, Bestuurder
  • GEYS Jean-François, Bestuurder
  • JOLLY Bernard, Bestuurder
  • GRANDIDIER Jérôme, Bestuurder
Summary: v3.2
2010
27-07-2010 3 reappointed Director changes
  • Didier Mattivi, Bestuurder
  • Freddy Meurs, Bestuurder
  • Bernard Stas, Bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health100Profitability100Solvency100Growth85Stability100
97 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100
Profitability 100
Solvency 100
Growth 85
Stability 100

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verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Comparable size, same sector
We hold annual accounts for 2,789 of the 16,726 companies in this sector. 75 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van communicatieapparatuur26300Vervaardiging van communicatieapparatuur26300Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Overige advisering in verband met programmatuur en levering van programmatuur72220
Primary activity highlighted.
Names & trade names
Legal nameFR IP Trade
Registered office
Rue des Guillemins 129
4000 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.