Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IPPAS INVEST from Lanaken, company number BE0420732352, closed financial year 2025 with a result of € -2.6 million after tax. For that financial year IPPAS INVEST recorded revenue of € 61,350 and equity of € 26.4 million. Compared with financial year 2023, the result moved from € -321.4 million to € -2.6 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 26.4 million
▲ € 197.1 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.6 million
▲ 99 % less loss than in 2023
Profit after tax over the fiscal year.
€ 200,966
▲ € 173,627 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -155.1 million.
People and assets in 2025
0
▼ 614.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 86,370
▼ € 55.7 million vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 854,759
▼ 98% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 149 days on average.
€ 1,274
▼ € 15.9 million vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|
| Revenue | € 148,901,730 | € 84,786,433 | € 61,350 | ▼ € 84.7 million |
| Profit after taxes | € 18,748,220 | € -321,368,602 | € -2,570,520 | ▲ € 318.8 million |
| Equity | € 151,815,781 | € -170,752,821 | € 26,392,733 | ▲ € 197.1 million |
| Total debts | € 353,939,377 | € 185,828,408 | € 121,659,535 | ▼ 35% |
| Cash | € 588 | € 27,339 | € 200,966 | ▲ € 173,627 |
| Land & buildings | € 5,871,118 | € 5,000,000 | € 22,600,000 | ▲ € 17.6 million |
| Retained profit | € 99,100,938 | € -222,267,664 | € -155,069,047 | ▲ € 67.2 million |
| Balance sheet total | € 513,642,411 | € 139,238,238 | € 148,052,268 | ▲ 6% |
| Employees (FTE) | 559.1 | 614.2 | 0 | ▼ 614.2 |
Key figures of IPPAS INVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to IPPAS INVEST?
What happened at IPPAS INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.6 million. Source: NBB ↗
- UTB INVESTMENTS NV became a director. NBB
- New establishment in Lanaken. KBO
- Start of the company according to the CBE. KBO
In short
From € 18.7 million profit in 2022 to € 2.6 million loss in 2025.
Paid € 1.6 million in corporate taxes since 2022.
Best year ever: 2022, with € 18.7 million profit.
Pays suppliers within 149 days on average.
A new publication or filing at IPPAS INVEST? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SAPPI EUROPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IPPAS INVESTBehind IPPAS INVEST is UTB INVESTMENTS NV. The shares are held by WIVABE FINANCE (50%), Dirk Uittenbogert (50%) and SAPPI EUROPE (0%). It owns 100% of IPPAS Industrial Acquisitions itself.
Directors
According to the 2025 annual accounts
Director · represented by Dirk Uittenbogert
Also active at: IPPAS INDUSTRIAL ACQUISITIONS, ZOUTE INVESTERINGSMAATSCHAPPIJ
since 2024
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Montaigneweg 2
3620 Lanaken
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
PREVIDER-AS, NL
Domain
Domain
utb.eu
Registrar
InterNetX GmbH
Website info
Features
Security
Network
Details
- Company number
- 0420.732.352
- VAT number
- BE 0420.732.352
- Registered office
- Montaigneweg 2, 3620 Lanaken
- Names & denominations
- IPPAS INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 1980
- Peppol
- Active · Active since 12 Nov 2025
- Contact
- utb.eu
- Activities · NACE
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