IPSTER
Annual accounts 2025
micro format, filed on 16-06-2026, 45 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €300,000. Estimated: probably between €230,000 and €450,000.
Balance sheet
balance sheet total €272,923 on 31-12-2025in euro
in euro
Position in the sector
50.8%
Higher than 44% of 15,824 companies in 2025.
2.03
Higher than 46% of 15,596 companies in 2025.
43.9%
Higher than 81% of 15,713 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
272,923 | 171,608 | 208,898 | 181,987 | 201,412 | 154,839 | 100,488 | 70,704 | |
21/28 |
9,296 | 19,751 | 30,206 | 40,660 | 45,038 | - | 2,611 | 4,783 | |
22/27 |
9,296 | 19,751 | 30,206 | 40,660 | 45,038 | - | 2,391 | 4,783 | |
24 |
1,984 | 3,007 | 4,030 | 5,054 | - | - | 2,391 | 4,783 | |
25 |
7,313 | 16,744 | 26,175 | 35,607 | 45,038 | - | - | - | |
28 |
- | - | - | - | - | - | 220 | - | |
29/58 |
263,627 | 151,857 | 178,692 | 141,327 | 156,374 | 154,839 | 97,877 | 65,921 | |
29 |
- | - | - | 13,664 | 63,520 | - | - | - | |
290 |
- | - | - | 13,664 | 63,520 | - | - | - | |
40/41 |
72,516 | 57,842 | 57,662 | 17,528 | 16,979 | 12,511 | 12,470 | 12,163 | |
40 |
68,516 | 55,942 | 50,462 | 13,267 | 12,655 | 12,511 | 12,470 | 12,163 | |
41 |
4,000 | 1,900 | 7,200 | 4,261 | 4,324 | - | - | - | |
54/58 |
191,045 | 93,137 | 120,613 | 109,669 | 75,642 | 139,719 | 84,990 | 53,758 | |
490/1 |
66 | 879 | 417 | 465 | 233 | 2,609 | 417 | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
272,923 | 171,608 | 208,898 | 181,987 | 201,412 | 154,839 | 100,488 | 70,704 | |
10/15 |
138,740 | 144,676 | 117,994 | 136,202 | 130,243 | 115,496 | 67,813 | 33,479 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | |
13 |
120,000 | 125,800 | 98,560 | 117,560 | 111,560 | 109,060 | 61,560 | 27,260 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | 25,400 | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | |
1319 |
- | - | - | - | - | - | - | 25,400 | |
133 |
120,000 | 125,800 | 98,560 | 115,700 | 109,700 | 107,200 | 59,700 | - | |
14 |
140 | 276 | 834 | 42 | 83 | 236 | 53 | 19 | |
17/49 |
134,183 | 26,933 | 90,904 | 45,785 | 71,169 | 39,343 | 32,675 | 37,225 | |
17 |
- | 7,247 | 16,812 | 26,270 | 35,619 | - | 591 | 2,917 | |
170/4 |
- | 7,247 | 16,812 | 26,270 | 35,619 | - | 591 | 2,917 | |
42/48 |
130,122 | 18,097 | 72,893 | 19,515 | 34,537 | 39,202 | 31,798 | 33,558 | |
42 |
7,247 | 9,566 | 9,457 | 9,350 | 9,243 | 591 | 2,326 | 2,268 | |
44 |
1,090 | 130 | 346 | 460 | 13,591 | 17,095 | 166 | - | |
440/4 |
1,090 | 130 | 346 | 460 | 13,591 | 17,095 | 166 | - | |
45 |
8,226 | 7,235 | 7,640 | 5,082 | 9,776 | 20,295 | 23,586 | 17,052 | |
450/3 |
8,226 | 7,235 | 7,640 | 5,082 | 9,776 | 20,295 | 23,586 | 17,052 | |
47/48 |
113,560 | 1,166 | 55,450 | 4,624 | 1,927 | 1,221 | 5,720 | 14,238 | |
492/3 |
4,061 | 1,589 | 1,198 | - | 1,013 | 141 | 286 | 750 | |
| Income statement | |||||||||
9900 |
170,537 | 131,829 | 62,750 | 82,315 | 64,545 | 64,490 | 52,957 | 42,722 | |
630 |
10,455 | 10,455 | 10,455 | 9,494 | 2,119 | 2,391 | 2,392 | 2,392 | |
640/8 |
2,246 | 1,936 | 1,962 | 1,664 | 1,139 | 920 | 879 | 1,252 | |
9901 |
157,836 | 119,438 | 50,333 | 71,157 | 61,287 | 61,179 | 49,686 | 39,078 | |
75/76B |
- | 0 | 102 | 88 | 2,154 | - | - | 64 | |
75 |
- | 0 | 102 | 88 | 904 | - | - | 64 | |
76B |
- | - | - | - | 1,250 | - | - | - | |
65/66B |
4,453 | 2,909 | 2,337 | 823 | 342 | 458 | 927 | 362 | |
65 |
4,453 | 2,909 | 2,337 | 823 | 342 | 458 | 927 | 362 | |
9903 |
153,383 | 116,529 | 48,098 | 70,422 | 63,099 | 60,721 | 48,759 | 38,780 | |
67/77 |
33,518 | 25,587 | 10,307 | 14,463 | 13,252 | 13,038 | 14,425 | 11,501 | |
9904 |
119,865 | 90,942 | 37,791 | 55,959 | 49,847 | 47,683 | 34,334 | 27,279 | |
9905 |
119,865 | 90,942 | 37,791 | 55,959 | 49,847 | 47,683 | 34,334 | 27,279 | |
| Appropriation of the result | |||||||||
9906 |
120,140 | 91,776 | 37,834 | 56,042 | 50,083 | 47,736 | 34,353 | 27,279 | |
14P |
276 | 834 | 42 | 83 | 236 | - | - | - | |
791/2 |
125,800 | 64,260 | 56,000 | 50,000 | 47,500 | - | - | - | |
691/2 |
120,000 | 91,500 | 37,000 | 56,000 | 50,000 | 47,500 | 34,300 | 27,260 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
120,000 | 91,500 | 37,000 | 56,000 | 50,000 | 47,500 | 34,300 | 25,400 | |
694/7 |
125,800 | 64,260 | 56,000 | 50,000 | 47,500 | - | - | - | |
694 |
125,800 | 64,260 | 56,000 | 50,000 | 47,500 | - | - | - | |
| Document | |||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-06-2026 | 2026-00165453 | |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00167431 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00193235 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00182359 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20259862 | |
| 31-12-2020 | micro format | 03-08-2021 | 2021-45700381 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-18800058 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34700437 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 168,291 | 129,893 | 60,788 | 80,651 | 63,406 | 63,570 | 52,078 | 41,470 | ||
| 130,319 | 101,397 | 48,246 | 65,453 | 51,966 | 50,074 | 36,726 | 29,671 | ||
| 0 | 0 | 0 | 5,116 | 47,157 | -220 | 220 | 7,175 | ||
| 97,908 | -27,476 | 10,945 | 34,027 | -64,077 | 54,729 | 31,232 | - | ||
| 133,505 | 133,760 | 105,799 | 121,811 | 121,837 | 115,637 | 66,079 | 32,363 | ||
| 50.8% | 84.3% | 56.5% | 74.8% | 64.7% | 74.6% | 67.5% | 47.4% | ||
| 2.03 | 8.39 | 2.45 | 7.24 | 4.53 | 3.95 | 3.08 | 1.96 | ||
| 0.97 | 0.19 | 0.77 | 0.34 | 0.55 | 0.34 | 0.48 | 1.11 | ||
| 86.4% | 62.9% | 32.0% | 41.1% | 38.3% | 41.3% | 50.6% | 81.5% | ||
| 43.9% | 53.0% | 18.1% | 30.7% | 24.7% | 30.8% | 34.2% | 38.6% | ||
| 37.79 | 44.66 | 26.02 | 97.97 | over 100 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €5,116 | €47,157 |
| €10,455 | €10,455 | €10,455 | €9,494 | €2,119 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on IPSTER
The operating result for 2025 is 32% higher than in 2024 and the highest since 2018. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 15.7% to 49.2%. Equity is lower and debt is higher.