Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IPEX Liège from Herstal, company number BE0667681781, closed financial year 2025 with a result of € 32,132 after tax. For that financial year IPEX Liège recorded a gross margin of € 3 million and equity of € 504,462. Compared with financial year 2024, the result moved from € 73,867 to € 32,132. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 504,462
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32,132
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 91,399
▲ 163% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 266,836.
People and assets in 2025
25.5
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▲ 1% vs 2024
€ 81,700 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.
€ 508,777
▼ 28% vs 2024
Of which on lease € 474,608.
Debts at end 2025
€ 953,125
▼ 39% vs 2024
€ 300,954 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.3 million
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 526,194
▲ 59% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,507,972 | € 3,003,127 | € 2,747,704 | € 3,006,281 | ▲ 9% |
| Profit after taxes | € 325,309 | € 160,837 | € 73,867 | € 32,132 | ▼ 57% |
| Equity | € -522,033 | € 400,483 | € 479,978 | € 504,462 | ▲ 5% |
| Total debts | € 4,707,784 | € 4,169,218 | € 2,992,093 | € 3,230,600 | ▲ 8% |
| Cash | € 340,925 | € 847,789 | € 34,722 | € 91,399 | ▲ 163% |
| Retained profit | € -604,288 | € 160,836 | € 234,704 | € 266,836 | ▲ 14% |
| Bank debt | € 2,803,614 | € 2,371,674 | € 1,558,963 | € 953,125 | ▼ 39% |
| Balance sheet total | € 4,185,750 | € 4,569,701 | € 3,472,071 | € 3,735,063 | ▲ 8% |
| Employees (FTE) | 20.6 | 25.8 | 27.1 | 25.5 | ▼ 1.6 |
Key figures of IPEX Liège, 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 IPEX Liège?
What happened at IPEX Liège in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SPARAXIS SA stepped down as director. NBB
- RODINVEST SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 32,132 (▼ 57% vs 2024). Source: NBB ↗
- SPARAXIS SA became a director. NBB
- RODINVEST SA became a director. NBB
- New establishment in Herstal. KBO
- Start of the company according to the CBE. KBO
In short
From € 325,309 profit in 2022 to € 32,132 profit in 2025.
Paid € 105,027 in corporate taxes since 2022.
Best year ever: 2022, with € 325,309 profit.
On average € 117,900 of value added per employee in 2025.
Management
The stake of IPEX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IPEX LiègeThe shares are held by IPEX (100%).
Directors
According to the 2025 annual accounts
Director · represented by Yves MEURICE
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2022 · until 2029
Managing director · represented by Rodolphe van der STRATEN WAILLET
Also active at: C.P. Bourg, VENTURIS
since 2022 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Parc Ind. des Hauts Sarts, 2e av 65
4040 Herstal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
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€ 328.1 million revenue · 2022
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€ 2 million revenue · 2022
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€ 52.4 million revenue · 2025
PHENIX DATA CENTER
€ 420,000 revenue · 2025
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€ 3.2 million revenue · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
DNS
DNSMadeEasy
Domain
Domain
ipexgroup.com
Registered
2002-02-27
Registrar
OVH sas
Expires
2029-02-27
Website info
Features
Security
Details
- Company number
- 0667.681.781
- VAT number
- BE 0667.681.781
- Registered office
- Parc Ind. des Hauts Sarts, 2e av 65, 4040 Herstal
- Names & denominations
- IPEX Liège
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 2016
- Peppol
- Active · Active since 7 Jan 2026
- Contact
- ipexgroup.com
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