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 23.3 to 15.6.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
IPCOS from Leuven, company number BE0454964840, closed financial year 2026 with a result of € 175,462 after tax. For that financial year IPCOS recorded revenue of € 4 million and equity of € 3.4 million. Compared with financial year 2025, the result moved from € -1.2 million to € 175,462. 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 9, 2026.
€ 3.4 million
▲ 5% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 175,462
▲ still € 1.2 million loss in 2025
Profit after tax over the fiscal year.
€ 285,412
▲ 87% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 2.7 million.
People and assets in 2026
15.6
▼ 3.4 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 11% vs 2025
€ 108,500 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.
€ 109,323
▼ 33% vs 2025
Of which on lease € 104,035.
Debts at end 2026
€ 105,477
▼ 34% vs 2025
€ 46,860 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1,963
▼ 99% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 278,030
▼ 7% vs 2025
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 7,134,334 | € 7,318,099 | € 4,567,940 | € 4,038,869 | ▼ 12% |
| Profit after taxes | € 1,748,690 | € -37,561 | € -1,153,361 | € 175,462 | ▲ € 1.3 million |
| Equity | € 4,455,934 | € 4,418,373 | € 3,265,012 | € 3,440,474 | ▲ 5% |
| Total debts | € 3,154,550 | € 2,050,901 | € 1,259,562 | € 473,325 | ▼ 62% |
| Cash | € 705,404 | € 389,733 | € 152,255 | € 285,412 | ▲ 87% |
| Retained profit | € 3,671,043 | € 3,633,482 | € 2,480,120 | € 2,655,583 | ▲ 7% |
| Bank debt | € 96,150 | € 227,523 | € 160,722 | € 105,477 | ▼ 34% |
| Balance sheet total | € 7,610,484 | € 6,469,274 | € 4,524,574 | € 3,913,799 | ▼ 13% |
| Employees (FTE) | 16.5 | 23.3 | 19 | 15.6 | ▼ 3.4 |
Key figures of IPCOS, fiscal years 2022 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to IPCOS?
What happened at IPCOS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 175,462. Source: NBB ↗
- Peter Van Overschee Consult BV stepped down as director. NBB
- Filip Stroobant Consult BV stepped down as director. NBB
- Peter Van Overschee Consult BV became a director. NBB
- Filip Stroobant Consult BV became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.7 million profit in 2022 to € 175,462 profit in 2026.
Paid € 568,095 in corporate taxes since 2022.
Best year ever: 2022, with € 1.7 million profit.
Management
The stake of IPCOS Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IPCOSThe shares are held by IPCOS Group (100%). It owns 100% of IPCOS DOF BV and 100% of IPCOS INC. itself.
Directors
According to the 2026 annual accounts
Peter Van Overschee Consult BV
Director · represented by Peter Van Overschee
Also active at: IPCOS Group
since 2024 · until 2026
Managing director · represented by Filip Stroobant
Also active at: Orise, IPCOS Group
since 2024 · until 2026
Shareholders
100%
Participations
IPCOS DOF BV
100%
IPCOS INC.
100%
Establishments
Establishment units
Physical locations of this company
Geldenaaksebaan 329
3001 Leuven
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
- 0454.964.840
- VAT number
- BE 0454.964.840
- Registered office
- Geldenaaksebaan 329, 3001 Leuven
- Names & denominations
- IPCOS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 April 1995
- Peppol
- Not registered
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