Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2026.
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Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
IP Trade from Liège, company number BE0473113837, closed financial year 2026 with a result of € 7 million after tax. For that financial year IP Trade recorded revenue of € 10.4 million and equity of € 19.2 million. Compared with financial year 2025, the result moved from € 2.2 million to € 7 million. 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 5, 2026.
€ 19.2 million
▲ 57% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7 million
▲ 218% vs 2025
Profit after tax over the fiscal year.
€ 233,247
▼ 7% 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 € 14.8 million.
People and assets in 2026
22
▼ 0.9 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 27% vs 2025
€ 87,100 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.
€ 91,710
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 201,340
▼ 32% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 418,508
▼ 53% vs 2025
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 9,196,276 | € 6,096,170 | € 5,545,801 | € 10,369,054 | ▲ 87% |
| Profit after taxes | € 3,552,416 | € 2,297,858 | € 2,189,631 | € 6,952,823 | ▲ 218% |
| Equity | € 25,780,776 | € 28,078,635 | € 12,268,266 | € 19,221,089 | ▲ 57% |
| Total debts | € 2,771,511 | € 2,235,936 | € 2,606,283 | € 2,565,376 | ▼ 2% |
| Cash | € 367,872 | € 482,940 | € 250,893 | € 233,247 | ▼ 7% |
| Land & buildings | - | € 156,818 | € 131,346 | € 0 | ▼ 100% |
| Retained profit | € 21,398,498 | € 23,696,357 | € 7,885,988 | € 14,838,811 | ▲ 88% |
| Dividend | € 0 | € 0 | € 18,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 28,568,561 | € 30,334,913 | € 14,874,549 | € 21,786,465 | ▲ 46% |
| Employees (FTE) | 28.5 | 22.9 | 22.9 | 22 | ▼ 0.9 |
Key figures of IP Trade, fiscal years 2023 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 IP Trade?
What happened at IP Trade in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rodrigo Benito Alonso stepped down as director. NBB
- Geert Eylenbosch stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 7 million (▲ 218% vs 2025). Source: NBB ↗
- Christopher James Edwards became a director. NBB
- Laura Galvin stepped down as director. NBB
- Laura Galvin became a director. NBB
- Rodrigo Benito Alonso became a director. NBB
- Geert Eylenbosch became a director. NBB
In short
From € 3.6 million profit in 2023 to € 7 million profit in 2026.
Paid € 246,804 in corporate taxes since 2023.
Best year ever: 2026, with € 7 million profit.
Paid out € 18 million in dividends to the owners in total.
Management
Behind IP Trade is Christopher James Edwards. The shares are held by BT (NEDERLANDS) Holding (100%).
Directors
According to the 2026 annual accounts
Christopher James Edwards
Director
since 2026
Laura Galvin
Director
since 2023 · until 2026
Rodrigo Benito Alonso
Director
since 2023 · until 2028
since 2023 · until 2028
Shareholders
BT (NEDERLANDS) Holding
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Guillemins 129
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →EURO 78
€ 1.1 million revenue · 2025
GAMES SERVICES
€ 2.2 million revenue · 2025
SLOTS
€ 3.8 million revenue · 2025
PRES CARATS SPORTS
€ 1.8 million revenue · 2025
PARC D'ATTRACTION LIEGEOIS
€ 733,868 revenue · 2025
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.113.837
- VAT number
- BE 0473.113.837
- Registered office
- Rue des Guillemins 129, 4000 Liège
- Names & denominations
- IP Trade
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 October 2000
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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