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IPCOM

Active Risk: not assessed
Public limited companyfounded 2010active for 16 yearsBrusselsesteenweg 94, 9090 Merelbeke-Melle, Belgium18 active companies are registered at this addressKBO/BCE: BE 0827.868.868
Summary

IPCOM has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €86.4m and a net result of -€10.8m. Equity remains stable across the filed financial years (±0.7% per year). Its solvency ranks better than 20% of 3,853 sector peers (NACE 70, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

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Directors

Directors
4 directors, no change since 2026

Board 4

LDB Consulting
Director · since 19-12-2017 · Private limited company · permanent representative: Luc DE BUSSCHER
Current
BTX Consult
Director · since 29-01-2019 · Legal entity · permanent representative: Remco Boerefijn
Current
Bianca Rothacker
Director · since 15-04-2020
Current
Bianca Rothacker Do
Director · since 15-04-2020
Current
6 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
ISOCO B.V.
Class B director · since 27-07-2010 · Legal entity · permanent representative: ELEMA Bart
Not recently confirmed
VLAYEN Frank Jozef Paul
Class B director · since 25-08-2010
Not recently confirmed
Isoco bv
Class B director · since 15-07-2016 · Legal entity · permanent representative: Frank Vlayen
Not recently confirmed
BERNARD VERCAEMST BV
Director · since 19-12-2017 · Private limited company · permanent representative: Bernard Vercaemst
Not recently confirmed
Wim Noorlander
Director · since 19-12-2017
Not recently confirmed
FV CONSULT
Class B director · Legal entity · permanent representative: VLAYEN Frank
Not recently confirmed

Day-to-day management 2

BTX Consult
Gedelegeerd bestuurder van de raad van bestuur · since 29-01-2019 · Legal entity · permanent representative: Remco Boerefijn
Not recently confirmed
BERNARD VERCAEMST BV
Day-to-day manager · since 19-12-2017 · Private limited company · permanent representative: Bernard Vercaemst
Not recently confirmed

Permanent representatives 2

Luc DE BUSSCHER
Permanent representative · since 19-12-2017 · for LDB Consulting
Current
Remco Boerefijn
Permanent representative · since 29-01-2019 · for BTX Consult
Current
3 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
ELEMA Bart
Permanent representative · since 27-07-2010 · for ISOCO B.V.
Not recently confirmed
Frank Vlayen
Permanent representative · since 15-07-2016 · for Isoco bv
Not recently confirmed
Bernard Vercaemst
Permanent representative · since 19-12-2017 · for BERNARD VERCAEMST BV
Not recently confirmed

Statutory auditor 1

Emst & Young Bedrijfsrevisoren BV
Statutory auditor · since 10-06-2022 · permanent representative: Lieve Cornelis BV
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

28 people since 2010, 11 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
LDB Consulting
  • Director, from 19-12-2017 to date
BTX Consult
  • Director, from 29-01-2019 to date
  • Gedelegeerd bestuurder van de raad van bestuur, from 29-01-2019 not ended, last confirmed 21-06-2019
Bianca Rothacker
  • Director, from 15-04-2020 to date
Bianca Rothacker Do
  • Director, from 15-04-2020 to date
Emst & Young Bedrijfsrevisoren BV
  • Statutory auditor, from 10-06-2022 to date
ISOCO B.V.
  • Director, from 27-07-2010 not ended, last confirmed 25-08-2010
FV CONSULT
  • Class B director, from 25-08-2010 to 01-01-2011
  • Class B director, from 25-08-2010 not ended, last confirmed 25-08-2010
VLAYEN Frank Jozef Paul
  • Class B director, from 25-08-2010 not ended, last confirmed 25-08-2010
Isoco bv
  • Class B director, from before 15-07-2016 not ended, last confirmed 14-12-2016
BERNARD VERCAEMST
  • Director, from 19-12-2017 not ended, last confirmed 13-02-2018
  • Day-to-day manager, from 19-12-2017 not ended, last confirmed 13-02-2018
Wim Noorlander
  • Director, from 19-12-2017 not ended, last confirmed 13-02-2018
Minh-Tam Rothacker Do
  • Director, until 09-01-2023
Patrick Herman
  • Director, from 19-12-2017 to 09-01-2023
Riccardo Monti
  • Director, from 16-12-2020 to 09-01-2023
Willem Noorlander
  • Director, until 09-01-2023
Ernst & Young Bedrijfsrevisoren BV
  • Auditor, from 19-06-2020 to 10-06-2022
Valentina Pippolo
  • Director, from 19-12-2017 to 30-09-2020
CALLENS VANDELANOTTE
  • Statutory auditor, from 14-12-2016 to 19-06-2020
David Kusters
  • Director, from 19-12-2017 to 15-04-2020
  • Director, until 15-04-2020
BVBA Bemard Vercaemst
  • Director, until 29-01-2019
  • Gedelegeerd bestuurder van de raad van bestuur, until 29-01-2019
CLYBOUW Nathalie
  • Director, from 05-08-2010 to 19-12-2017
Dijleberg
  • Director, from 01-01-2011 to 19-12-2017
Frank VLAYEN
  • Class B director, from before 15-07-2016 to 19-12-2017
PROSPECTCO
  • Director, from 18-02-2011 to 19-12-2017
VCA INVEST
  • Class A director, from 25-08-2010 to 19-12-2017
VNI INVEST
  • Class A director, from 25-08-2010 to 19-12-2017
Vandelanotte Bedrijfsrevísoren Bvba
  • Statutory auditor, from 20-01-2011 to 14-12-2016
VéDéWé Consult
  • Director, from 05-08-2010 to 25-08-2010
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Chain of control

  1. Green Leaf Topco 100%
  2. Green Leaf Midco 1 100%
  3. Green Leaf Midco 2 100%
  4. Green Leaf Midco 3 100%
  5. Green Leaf Midco 4 100%
  6. Green Leaf Bidco 100%
  7. Isolstar Holding 100%
  8. IPCOM

Highest known parent: Green Leaf Topco. The sources do not say who stands above it.

Owners 1

According to the 2025 annual accounts of IPCOM and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 10-04-2025 ↗
  • Isolstar Holding all shares
After the capital increase act of 21-03-2024 ↗
  • Isolstar Holding in cash
At incorporation act of 27-07-2010 ↗
  • ISOCO B.V. sole founder · 100% at incorporation

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 17-09-2026 Capital increase of €25,000,000 · to €204,822,405.18 · no new shares · in cash
  2. 01-07-2026 Capital increase of €100,000,000 · to €179,822,405.18 · in cash
  3. 10-04-2025 Capital increase of €30,195,000 · to €79,822,405.18 · no new shares · in cash
  4. 21-03-2024 Capital increase of €9,862,500 · to €49,627,405.18 · no new shares · in cash
  5. 30-01-2024 Capital stated in 2 acts · €39,764,905.18 · 31,554,991 shares
  6. 29-11-2016 Capital increase of €1,425,196.52 · to €35,951,120.95
  7. 29-11-2016 Capital increase of €3,813,784.23 · to €39,764,905.18 · no new shares · from reserves
  8. 29-09-2016 Capital increase of €252,291.99 · to €33,849,766.42 · 225,865 new shares
Show 19 older capital entries
  1. 29-09-2016 Capital increase of €676,158.01 · to €34,525,924.43 · no new shares · from reserves
  2. 06-07-2016 Capital increase of €1,784,568.50 · to €27,362,157.91
  3. 06-07-2016 Capital increase of €6,235,316.52 · to €33,597,474.43 · no new shares · from reserves
  4. 31-07-2015 Capital increase of €512,303.91 · to €25,577,589.41 · “verhoging van de fractiewaarde van de bestaande aandelen”
  5. 10-07-2015 Capital increase of €7,741,610.22 · to €25,065,285.50 · in cash
  6. 12-06-2015 Capital reduction of €20,000,000 · to €17,323,675.28 · repaid to the shareholders
  7. 26-05-2015 Capital increase of €260,000 · to €37,323,675.28 · “verhoging van de fractiewaarde van de bestaande aandelen”
  8. 13-05-2015 Capital increase of €1,940,545.16 · to €37,063,675.28 · “verhoging van de fractiewaarde van de bestaande aandelen”
  9. 10-02-2015 Capital increase of €886,556.12 · to €35,123,130.12 · “verhoging van de fractiewaarde van de bestaande aandelen”
  10. 10-04-2014 Capital increase of €3,440,000 · to €34,236,574 · “verhoging van de fractiewaarde van de bestaande aandelen”
  11. 30-09-2013 Capital increase of €4,432,000 · to €30,796,574
  12. 08-07-2013 Capital increase of €5,433,527 · to €26,364,575 · “verhoging van de fractiewaarde van de bestaande aandelen”
  13. 10-03-2011 Capital increase of €1,353,929 · to €19,109,513
  14. 10-03-2011 Capital increase of €1,821,535 · to €20,931,048 · from reserves
  15. 10-03-2011 Capital increase of €5,772,444 · to €17,755,584 · 5,772,444 new shares
  16. 26-01-2011 Capital increase of €438,140 · to €11,983,140 · 438,140 new shares
  17. 25-08-2010 Capital increase of €3,463,500 · to €11,545,000
  18. 24-08-2010 Capital increase of €8,019,500 · to €8,081,500
  19. 27-07-2010 Incorporation · €62,000 · 62 shares

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