Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Industry Project and Engineering Systems from Gent, company number BE0420836676, closed financial year 2025 with a result of € 717,078 after tax. For that financial year Industry Project and Engineering Systems recorded revenue of € 26.2 million and equity of € 5.1 million. Compared with financial year 2024, the result moved from € 1.3 million to € 717,078. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 21, 2026.
€ 5.1 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 717,078
▼ 45% vs 2024
Profit after tax over the fiscal year.
€ 2.6 million
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,600 paid out
84 % of the profit went to the shareholders, mostly to HESTIA INVEST (85 % of the shares). That is where the money ends up.
People and assets in 2025
7.7
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 864,260
▲ 7% vs 2024
€ 112,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 108,726
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 500,000
Loans from banks and other lenders, long and short.
€ 5.7 million
▲ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
€ 553,853
▲ 265% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 28,178,936 | € 32,544,609 | € 31,480,074 | € 26,249,150 | ▼ 17% |
| Profit after taxes | € 796,588 | € 2,395,056 | € 1,297,604 | € 717,078 | ▼ 45% |
| Equity | € 2,865,539 | € 4,459,995 | € 4,957,000 | € 5,073,477 | ▲ 2% |
| Total debts | € 16,432,917 | € 11,239,927 | € 8,491,133 | € 10,105,700 | ▲ 19% |
| Cash | € 4,372,060 | € 4,322,623 | € 2,787,707 | € 2,631,329 | ▼ 6% |
| Retained profit | € 1,847,989 | € 3,442,445 | € 3,939,450 | € 4,055,927 | ▲ 3% |
| Dividend | € 600,600 | € 800,600 | € 800,600 | € 600,600 | ▼ 25% |
| Bank debt | € 3,462,500 | € 1,375,000 | € 500,000 | € 500,000 | |
| Balance sheet total | € 19,298,457 | € 15,699,922 | € 13,448,132 | € 15,179,177 | ▲ 13% |
| Employees (FTE) | 7 | 6.6 | 6.6 | 7.7 | ▲ 1.1 |
Key figures of Industry Project and Engineering Systems, 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 June 2027.
What happened to Industry Project and Engineering Systems?
What happened at Industry Project and Engineering Systems in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 717,078 (▼ 45% vs 2024). Source: NBB ↗
- Lexxus BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 796,588 profit in 2022 to € 717,078 profit in 2025.
Paid € 1.7 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.4 million profit.
Paid out € 2.8 million in dividends to the owners in total.
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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 HESTIA INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Industry Project and Engineering SystemsBehind Industry Project and Engineering Systems is Lexxus BV. The shares are held by HESTIA INVEST (85.2%).
Directors
According to the 2025 annual accounts
Managing director · represented by Louis Lannoo
Also active at: Ouverture Invest, L R E, LOVA, Cresco, BIO-INCUBATOR ZWIJNAARDE, The Gates
since 2023
Shareholders
85.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1097 box D
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.836.676
- VAT number
- BE 0420.836.676
- Registered office
- Kortrijksesteenweg 1097 bus D, 9051 Gent
- Names & denominations
- Industry Project and Engineering Systems · Ipes
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 October 1980
- Peppol
- Active · Active since 30 Mar 2026
- Activities · NACE
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