Equity
€26.4m from €362.1m in 2009
Equity fell by 93% in 16 years.
IPPAS INVEST
Part of the group
9 companies in 5 countries
Lifetime
17 annual accounts with figures on one time axis, 46 filings since 1980peak €901.4m (2009)
€148.1m▲ 0.3%
lowest -€321.4m (2023)
-€2.6m▼ €72.3m
peak €362.1m (2009)
€26.4m▲ €127.4m
€121.7m▼ 51.1%
peak 627.9 FTE (2010)
0 FTE▼ 100%
Board11 names since 2016
1 director
Owners5 names in the annual accounts
50% and 1 other
Documentsfilings and deeds
30-04-2026on the last day
2025financial year
Turnover from €23.9m to €61,350Loss of €2.6mStaff from 230 FTE to 0 FTENew statutory auditor 13-05Equity from -€101.0m to €26.4mDebts from €248.6m to €121.7m
Key points
from the 2025 annual accountsTurnover
€61,350 ▼ 99.7%
Turnover fell in 2025 from €23.9m to €61,350.
Debts
€121.7m 82% of the balance sheet
Suppliers 1%Taxes and wages 0%Other 99%
Of this, €121.6m falls due within a year.
Payment terms
4,620 days from customers
Customers pay 4,620 days later.
Position in the sector
-€2.6m
Lower net result than 87% of companies in paper. Sector median €453,465 · 61 companies.
Public support
€3.4m awarded from 2022 to 2025
Flemish support, mostly Subsidie voor bedrijven ter compensatie van indirecte emissiekosten.
Checked score
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Financial strength
Score breakdown
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Signals
Board and ownership
Daily manager
Director, , since 25-10-2024
Auditor,
- consolidatedLEI register
- 50%annual accounts 30-09-2025
- 50%annual accounts 30-09-2025
Recent changes
Capital decrease of €178,064,847.13 to €3,259,709.76
Capital from €181,324,556.89 to €3,259,709.76 · Gazette deed
Environmental permit granted
Een grond gebruiken, aanleggen of inrichten, Het reliëf van de bodem aanmerkelijk wijzigen, Hoogstammige bomen vellen die geen deel uitmaken van een bos and 3 more · Provincie Limburg
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0420732352
New statutory auditor
appointed, resigned · General meeting of 28-03-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IPPAS INVEST Lanaken | €0.06m | - | 17.8% | 0 |
| NUTRIPACK WAVRE Wavre | - | - | 26.6% | 6.6 |
| EUTIMA Buggenhout | €1.1m | 6.3% | 5.0% | 0.2 |
| COREX HOLDING Aalst | - | - | 98.3% | 2.1 |
| SYLVAMO EUROPE Watermael-Boitsfort | €22.6m | 10.7% | 84.9% | 10.4 |
| SEMOULIN PACKAGING Hensies | €22.7m | 11.0% | 79.1% | 84 |
| P. Van de Velde Wetteren | €31.4m | -4.2% | -65.9% | 38 |
These companies have the same main activity as IPPAS INVEST: manufacture of paper and paper products (NACE 17120). They are comparable in size and age: total assets between €16m and €284m, founded between 1945 and 2019.
Official details
Source: KBO- Status
- Active since 01-02-1980Normal situation
- Activity
- Manufacture of paper and paper productsNACE 17120and 1 other
- Joint committees
- 129Pulp, paper and cardboard production
- 221White-collar workers in the paper industry · annual accounts 30-09-2023
- Establishment unit
- 2.019.376.1873620 Lanaken, since 01-02-1980
- Financial year end
- 30 September
- Peppol
- Reachable since 12-11-2025
Annual accounts to 30-09-2025
- €1.9m▼ 98.5%
- €148.1m▲ 0.3%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on IPPAS INVEST
IPPAS INVEST has existed since 1980. The balance sheet total fell from €513.6m in 2022 to €139.2m in 2023.
Solvency rose in 2025 from -68.4% to 17.8% because of a capital increase and lower debts.
In November 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IPPAS INVEST
- What is the company number of IPPAS INVEST?
- The company number of IPPAS INVEST is 0420.732.352. The VAT number is the same number with BE in front: BE 0420.732.352.
- Where is IPPAS INVEST based?
- The registered office is at Montaigneweg 2, 3620 Lanaken.Company details
- What does IPPAS INVEST do?
- According to the KBO register, the main activity is manufacture of paper and paper products (NACE 17120).
- What is the legal form of IPPAS INVEST?
- IPPAS INVEST is a public limited company (NV).
- When was IPPAS INVEST founded?
- IPPAS INVEST was founded on 01-02-1980.
- Is IPPAS INVEST still active?
- Yes, IPPAS INVEST is an active enterprise in the KBO register.
- How many employees does IPPAS INVEST have?
- IPPAS INVEST had an average of 230 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does IPPAS INVEST fall under?
- In its 30-09-2023 annual accounts, IPPAS INVEST states joint committees 129 (Pulp, paper and cardboard production) and 221 (White-collar workers in the paper industry).
- What is the turnover of IPPAS INVEST?
- The turnover of IPPAS INVEST was €61,350 in financial year 2025, according to the filed annual accounts.
- Is IPPAS INVEST profitable?
- In financial year 2025, IPPAS INVEST made a loss of €2.6m.
- Where can I find the annual accounts of IPPAS INVEST?
- IPPAS INVEST filed 71 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IPPAS INVEST due?
- IPPAS INVEST must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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