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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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IPOFA from Knokke-Heist, company number BE0464761147, closed financial year 2025 with a result of € 560,044 after tax. For that financial year IPOFA recorded a gross margin of € 1.3 million and equity of € 4.6 million. Compared with financial year 2024, the result moved from € 514,615 to € 560,044. 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 May 18, 2026.
€ 4.6 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 560,044
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 386,584
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 52,232 paid out
9 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
6.1
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 288,073
▲ 4% vs 2024
€ 47,200 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.
€ 43,487
▼ 14% 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.
€ 184,697
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 206,703
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,039,141 | € 940,549 | € 1,213,026 | € 1,288,245 | ▲ 6% |
| Profit after taxes | € 427,538 | € 312,851 | € 514,615 | € 560,044 | ▲ 9% |
| Equity | € 3,609,898 | € 3,687,594 | € 4,050,608 | € 4,558,420 | ▲ 13% |
| Total debts | € 1,045,827 | € 1,064,424 | € 932,898 | € 1,028,737 | ▲ 10% |
| Cash | € 1,011,107 | € 368,732 | € 397,136 | € 386,584 | ▼ 3% |
| Land & buildings | € 247,203 | € 183,036 | € 118,870 | € 54,703 | ▼ 54% |
| Retained profit | € 2,909,898 | € 2,987,594 | € 3,350,608 | € 3,858,420 | ▲ 15% |
| Dividend | € 343,295 | € 235,156 | € 151,601 | € 52,232 | ▼ 66% |
| Balance sheet total | € 4,655,725 | € 4,752,018 | € 4,983,506 | € 5,587,157 | ▲ 12% |
| Employees (FTE) | 4.1 | 5.7 | 5.6 | 6.1 | ▲ 0.5 |
Key figures of IPOFA, 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 IPOFA?
What happened at IPOFA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 560,044 (▲ 9% vs 2024). Source: NBB ↗
- Michel Gilson became a director. NBB
- New establishment in Knokke-Heist. KBO
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 427,538 profit in 2022 to € 560,044 profit in 2025.
Paid € 850,837 in corporate taxes since 2022.
Best year ever: 2025, with € 560,044 profit.
On average € 211,200 of value added per employee in 2025.
A new publication or filing at IPOFA? 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
Behind IPOFA is Michel Gilson. Michel Gilson is also behind SALIX, ROMIBE, QUERCUS and ROUANN.
Establishments
Establishment units
Physical locations of this company
Kustlaan 265
8300 Knokke-Heist
Kustlaan 267
8300 Knokke-Heist
Active since 27 January 1999
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.761.147
- VAT number
- BE 0464.761.147
- Registered office
- Kustlaan 265, 8300 Knokke-Heist
- Names & denominations
- IPOFA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 1998
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- gilsononline.be [email protected]
- Activities · NACE
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