Financials
Financial year 2025
IPPES from Avelgem, company number BE0478557715, closed financial year 2025 with a result of € -55,788 after tax. For that financial year IPPES recorded a gross margin of € 38,206 and equity of € 423,537. Compared with financial year 2024, the result moved from € 24,105 to € -55,788. The company made a loss. 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 April 23, 2026.
€ 423,537
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -55,788
▼ still € 24,105 profit in 2024
Profit after tax over the fiscal year.
€ 29,665
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 242,937.
People and assets in 2025
€ 14,449
▼ 56% 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.
€ 4,144
▲ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,514
▼ 83% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 126,554 | € 141,917 | € 130,385 | € 38,206 | ▼ 71% |
| Profit after taxes | € 33,824 | € 35,597 | € 24,105 | € -55,788 | ▼ € 79,893 |
| Equity | € 419,622 | € 455,219 | € 479,324 | € 423,537 | ▼ 12% |
| Total debts | € 362,790 | € 269,067 | € 186,541 | € 6,158 | ▼ 97% |
| Cash | € 208,604 | € 205,188 | € 234,592 | € 29,665 | ▼ 87% |
| Land & buildings | € 112,864 | € 87,031 | € 50,521 | € 14,010 | ▼ 72% |
| Retained profit | € 239,022 | € 274,619 | € 298,724 | € 242,937 | ▼ 19% |
| Dividend | € 1,600 | € 0 | € 0 | € 0 | |
| Bank debt | € 107,076 | € 62,057 | € 19,126 | € 0 | ▼ 100% |
| Balance sheet total | € 782,412 | € 724,286 | € 665,865 | € 429,695 | ▼ 35% |
Key figures of IPPES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to IPPES?
What happened at IPPES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 55,788 (▼ € 79,893 vs 2024). Source: NBB ↗
- New establishment in Avelgem. KBO
- New establishment in Avelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,824 profit in 2022 to € 55,788 loss in 2025.
Paid € 36,287 in corporate taxes since 2022.
Best year ever: 2023, with € 35,597 profit.
Paid out € 1,600 in dividends to the owners in total.
Management
Behind IPPES is GEERT VANDAMME. It owns 68% of Vasto CVBA itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Okkerdriesstraat 54
8582 Avelgem
Doorniksesteenweg 157
8580 Avelgem
Active since 18 May 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0478.557.715
- VAT number
- BE 0478.557.715
- Registered office
- Okkerdriesstraat 54, 8582 Avelgem
- Names & denominations
- IPPES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 2002
- Peppol
- Active · Active since 19 Dec 2024
- Activities · NACE
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