Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IP Trade from Liège, company number BE0473113837, closed financial year 2025 with a result of € 2.2 million after tax. For that financial year IP Trade recorded revenue of € 5.5 million and equity of € 12.3 million. Compared with financial year 2024, the result moved from € 2.3 million to € 2.2 million. The company is profitable. The buffer shrank hard: equity is 56 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2025.
€ 12.3 million
▼ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▼ 5% vs 2024
Profit after tax over the fiscal year.
€ 250,893
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 18 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
22.9
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 21% vs 2024
€ 115,200 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.
€ 91,734
▲ 9% 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.
€ 295,985
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 74 days on average.
€ 889,382
▲ 80% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,523,192 | € 9,196,276 | € 6,096,170 | € 5,545,801 | ▼ 9% |
| Profit after taxes | € 10,368,778 | € 3,552,416 | € 2,297,858 | € 2,189,631 | ▼ 5% |
| Equity | € 22,228,360 | € 25,780,776 | € 28,078,635 | € 12,268,266 | ▼ 56% |
| Total debts | € 2,975,604 | € 2,771,511 | € 2,235,936 | € 2,606,283 | ▲ 17% |
| Cash | € 148,972 | € 367,872 | € 482,940 | € 250,893 | ▼ 48% |
| Land & buildings | - | - | € 156,818 | € 131,346 | ▼ 16% |
| Retained profit | € 17,846,082 | € 21,398,498 | € 23,696,357 | € 7,885,988 | ▼ 67% |
| Dividend | € 0 | € 0 | € 0 | € 18,000,000 | |
| Bank debt | € 8,825 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 25,203,965 | € 28,568,561 | € 30,334,913 | € 14,874,549 | ▼ 51% |
| Employees (FTE) | 37.2 | 28.5 | 22.9 | 22.9 |
Key figures of IP Trade, 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 October 2026.
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:
- Laura Galvin stepped down as director. NBB
- Rodrigo Benito Alonso stepped down as director. NBB
- Geert Eylenbosch stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.2 million (▼ 5% vs 2024). Source: NBB ↗
- Laura Galvin became a director. NBB
- Rodrigo Benito Alonso became a director. NBB
- Geert Eylenbosch became a director. NBB
- New establishment in Liège. KBO
In short
From € 10.4 million profit in 2022 to € 2.2 million profit in 2025.
Paid € 409,115 in corporate taxes since 2022.
Best year ever: 2022, with € 10.4 million profit.
Paid out € 18 million in dividends to the owners in total.
A new publication or filing at IP Trade? 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
The shares are held by BT (NEDERLANDS) Holding (100%).
Directors
According to the 2025 annual accounts
Laura Galvin
Director
since 2023 · until 2028
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 30 companies are registered at this address.
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PARC D'ATTRACTION LIEGEOIS
€ 733,868 revenue · 2025
+25 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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