Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 65 to 52.8.
Financials
Financial year 2025
IPG Belgium from Brussel, company number BE0437360132, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year IPG Belgium recorded revenue of € 9.4 million and equity of € 5.6 million. Compared with financial year 2024, the result moved from € 1.3 million to € 1.2 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 5.6 million
▼ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 6% vs 2024
Profit after tax over the fiscal year.
€ 10.3 million
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
52.8
▼ 4.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.3 million
▼ 3% vs 2024
€ 100,100 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.
€ 171,042
▼ 29% 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.
€ 1 million
▲ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.
€ 631,220
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,431,638 | € 10,722,080 | € 10,060,808 | € 9,448,272 | ▼ 6% |
| Profit after taxes | € 1,166,932 | € 1,408,730 | € 1,261,556 | € 1,189,506 | ▼ 6% |
| Equity | € 9,913,922 | € 11,322,652 | € 10,384,209 | € 5,573,714 | ▼ 46% |
| Total debts | € 2,539,181 | € 2,561,603 | € 5,040,319 | € 8,287,562 | ▲ 64% |
| Cash | € 9,074,881 | € 10,657,558 | € 11,991,729 | € 10,304,607 | ▼ 14% |
| Retained profit | € 6,188,295 | € 7,597,025 | € 6,658,581 | € 1,848,087 | ▼ 72% |
| Dividend | € 0 | € 0 | € 2,200,000 | € 6,000,000 | ▲ 173% |
| Balance sheet total | € 12,453,103 | € 13,884,255 | € 15,424,527 | € 13,861,276 | ▼ 10% |
| Employees (FTE) | 61.1 | 65 | 57.4 | 52.8 | ▼ 4.6 |
Key figures of IPG Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IPG Belgium?
What happened at IPG Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▼ 6% vs 2024). Source: NBB ↗
- Melinda Drappier stepped down as director. NBB
- Simon Topping stepped down as director. NBB
- Monica Cristina Vicente stepped down as director. NBB
- Melinda Drappier became a director. NBB
- Monica Cristina Vicente became a director. NBB
- Simon Topping became a director. NBB
- New establishment in Brussel. KBO
In short
From € 1.2 million profit in 2022 to € 1.2 million profit in 2025.
Paid € 1.9 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.4 million profit.
Paid out € 8.2 million in dividends to the owners in total.
Management
The shares are held by IPG Nederland BV (100%) and IPG DXTRA (Netherlands) BV (0%).
Directors
According to the 2025 annual accounts
Melinda Drappier
Director
since 2024 · until 2026
Monica Cristina Vicente
Director
since 2023 · until 2026
Simon Topping
Director
since 2023 · until 2026
Shareholders
IPG Nederland BV
100%
IPG DXTRA (Netherlands) BV
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortenberglaan 100
1000 Brussel
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
- 0437.360.132
- VAT number
- BE 0437.360.132
- Registered office
- Kortenberglaan 100, 1000 Brussel
- Names & denominations
- IPG Belgium · WEBER SHANDWICK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 May 1989
- Peppol
- Active · Active since 14 Dec 2025
- Activities · NACE
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