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IPEX

Active
Public limited companyfounded 1986active for 40 yearsAvenue Landas 5, 1480 Tubize, BelgiumKBO/BCE: BE 0429.119.090
Summary

IPEX has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23.1m and a net result of €401,498, of which €761,338 non-recurring income. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 57% of 224 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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IPEXActiveChecked score 93/100
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Directors

Directors
4 directors, 1 in day-to-day management, no change since 2025

Board 4

SPARAXIS
Director · since 15-02-2011 · Public limited company · permanent representative: Vincent Vandrepol
Current
VADIMO
Director · since 16-05-2017 · Public limited company · permanent representative: Rodolphe van der Straten Waillet
Current
ON LINE MANAGEMENT
Director (not named in the articles) · since 30-10-2025 · Legal entity · permanent representative: Colin Cobbaert
Current
SPAXARIS SA
Director · Legal entity · from a recent deed
Current
1 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.
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
Director · since 15-02-2011 · Legal entity · permanent representative: TRINON Sophie
Not recently confirmed

Day-to-day management 1

VADIMO
Managing director · since 16-05-2017 · Public limited company · permanent representative: Rodolphe van der Straten Waillet
Current
1 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.
RODINVEST
Managing director · since 06-06-2012 · Public limited company · permanent representative: Rodolphe van der Straten Waillet
Not recently confirmed

Permanent representatives 3

Vincent Vandrepol
Permanent representative · since 15-02-2011 · for SPARAXIS
Current
Rodolphe van der Straten Waillet
Permanent representative · since 16-05-2017 · for VADIMO
Current
Colin Cobbaert
Permanent representative · since 30-10-2025 · for ON LINE MANAGEMENT
Current
1 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.
TRINON Sophie
Permanent representative · since 15-02-2011 · for SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
Not recently confirmed

Statutory auditor 1

C2 Réviseurs et Associés SRL
Commissaire réviseur · since 20-07-2026 · permanent representative: Cédric MATTART
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
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

18 people since 2007, 7 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
SPARAXIS
  • Director, from 15-02-2011 to date
VADIMO
  • Director, from 16-05-2017 to date
  • Managing director, from 16-05-2017 to date
SPAXARIS SAfrom an act
  • Director, since before 07-06-2023
ON LINE MANAGEMENT
  • Director (not named in the articles), from 30-10-2025 to date
C2 Réviseurs et Associés SRL
  • Commissaire réviseur, from 20-07-2026 to date
SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
  • Director, from 15-02-2011 not ended, last confirmed 26-06-2017
RODINVEST
  • Managing director, from before 06-06-2012 not ended, last confirmed 02-07-2012
  • Director, until 16-05-2017
C2 Réviseurs et associé SRL
  • Commissaire aux comptes, from 19-06-2024 to 20-07-2026
Wallonie Entreprendre
  • Director, from 16-05-2023 to 30-10-2025
Cabinet C² Réviseurs et Associés SCRL
  • Auditor, from 15-05-2018 to 19-06-2024
SOGEPA SA (Société Wallonne de Gestion et de Participations SA)
  • Director, until 16-05-2023
C² REVISEURS & ASSOCIES
  • Auditor, from 06-06-2012 to 15-05-2018
SOVERIN
  • Director, until 30-09-2011
W. Invest SA
  • Director, until 16-06-2011
WAUKINT
  • Director, from before 28-06-2010 to 16-06-2011
FIJETI
  • Director, until 24-11-2010
Geoffroy Jacobs
  • Director, until 31-12-2009
AMAURY DE CROMBRUGGHE
  • Director, until 19-07-2007
See the board, name and registered office on a given date →

The directors' other companies

5 current directors with another company that went bankrupt, was dissolved or struck off

8 other companies of this director went bankrupt (2025, 2026).

SPARAXIS

4 other companies of this director went bankrupt (2024, 2026).

2 other companies of this director went bankrupt (2024).

1 other company of this director went bankrupt (2026).

Sparaxis SA

1 other company of this director went bankrupt (2026).

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.

Owners and capital

Owners

3 owners

Owners 3

According to the 2025 annual accounts of IPEX 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

Capital over the years
  1. 30-10-2025 Capital increase of €8,000,000 · to €8,254,000 · 16,766,627 new shares · in kind
  2. 30-10-2025 Capital increase of €12,000,000 · in cash
  3. 06-01-2023 Capital stated in the deed · €254,000 · 83,833,131 shares
  4. 12-04-2016 Capital reduction of €900,114.03 · to €254,000 · to absorb losses
  5. 25-01-2012 Capital increase of €412,061.11 · to €1,700,799.45 · 8,305,005 new shares · in kind
  6. 25-01-2012 Capital increase of €253,314.58 · to €1,954,114.03 · 5,105,502 new shares · in kind
  7. 25-01-2012 Capital increase of €400,000 · to €2,354,114.03 · 38,175,224 new shares · in cash
  8. 25-01-2012 Capital reduction of €1,200,000 · to €1,154,114.03 · to absorb losses
Show 6 older capital entries
  1. 31-01-2011 Capital increase of €750,000.05 · to €5,371,681.05 · 15,000,001 new shares · in cash
  2. 31-01-2011 Capital increase of €836,057.29 · to €6,207,738.34 · 8,061,850 new shares · in kind
  3. 31-01-2011 Capital reduction of €5,319,000 · to €888,738.34 · to absorb losses
  4. 31-01-2011 Capital increase of €400,000 · to €1,288,738.34 · 8,061,850 new shares · in cash
  5. 21-01-2010 Capital increase of €1,150,000 · to €4,621,681 · 359,374 new shares · “apport de créances”
  6. 03-08-2007 Capital increase of €350,000 · to €2,330,000 · 54,688 new shares · in kind

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