Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IPS - Snoecks from Gent, company number BE0427681116, closed financial year 2025 with a result of € 793,184 after tax. For that financial year IPS - Snoecks recorded a gross margin of € 181,015 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 238,918 to € 793,184. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2025.
€ 2.5 million
▲ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 793,184
▲ 232% vs 2024
Profit after tax over the fiscal year.
€ 168,641
▲ 108% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.5 million.
People and assets in 2025
4
Average over the fiscal year, from the social balance sheet.
€ 188,228
▼ 4% vs 2024
€ 47,100 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.
€ 86,721
▼ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 270,721
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 40,135
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 178,315 | € 273,547 | € 301,770 | € 181,015 | ▼ 40% |
| Profit after taxes | € -13,312 | € 350,207 | € 238,918 | € 793,184 | ▲ 232% |
| Equity | € 1,157,474 | € 1,507,681 | € 1,746,599 | € 2,539,783 | ▲ 45% |
| Total debts | € 5,634,536 | € 5,584,054 | € 5,330,450 | € 2,921,570 | ▼ 45% |
| Cash | € 229,925 | € 181,077 | € 81,063 | € 168,641 | ▲ 108% |
| Land & buildings | € 740,370 | € 710,237 | € 803,798 | € 816,453 | ▲ 2% |
| Retained profit | € 95,474 | € 445,681 | € 684,599 | € 1,477,783 | ▲ 116% |
| Bank debt | € 768,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 6,792,010 | € 7,091,735 | € 7,077,049 | € 5,461,353 | ▼ 23% |
| Employees (FTE) | 3.2 | 4.4 | 4 | 4 |
Key figures of IPS - Snoecks, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
What happened to IPS - Snoecks?
What happened at IPS - Snoecks in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hans Ritman stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 793,184 (▲ 232% vs 2024). Source: NBB ↗
- Hans Ritman became a director. NBB
- Viro NV NV became a director. NBB
- Ducaju NV NV became a director. NBB
- New establishment in Elsene. KBO
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,312 loss in 2022 to € 793,184 profit in 2025.
Paid € 1,218 in corporate taxes since 2022.
Best year ever: 2025, with € 793,184 profit.
On average € 45,300 of value added per employee in 2025.
Management
The stake of VIRO, DUCAJU comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IPS - SnoecksBehind IPS - Snoecks are Viro NV NV and Ducaju NV NV. The shares are held by VIRO (17.2%) and DUCAJU (13.2%). It owns 100% of Arts Antiques Auctions, 100% of Snoecks Ltd and 73.9% of Exhibitions Internationals itself.
Directors
According to the 2025 annual accounts
Director · represented by Brian SNOECK
since 2019
since 2019
Hans Ritman
Director
since 2024 · until 2025
Participations
Establishments
Establishment units
Physical locations of this company
Begijnhoflaan 452
9000 Gent
Dalstraat 51
1050 Elsene
Active since 1 January 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Details
- Company number
- 0427.681.116
- VAT number
- BE 0427.681.116
- Registered office
- Begijnhoflaan 452, 9000 Gent
- Names & denominations
- IPS - Snoecks · IPSS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 June 1985
- Peppol
- Active · Active since 5 Aug 2025
- Activities · NACE
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