Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 6.3 to 5.5.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
HIPA from Merelbeke-Melle, company number BE0402081331, closed financial year 2025 with a result of € -63,542 after tax. For that financial year HIPA recorded a gross margin of € 490,174 and equity of € 290,996. Compared with financial year 2024, the result moved from € 962 to € -63,542. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 290,996
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -63,542
▼ still € 962 profit in 2024
Profit after tax over the fiscal year.
€ 79,153
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 228,996.
People and assets in 2025
5.5
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 337,322
▼ 1% vs 2024
€ 61,300 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.
€ 498,163
▼ 25% vs 2024
Of which on lease € 256,050.
Debts at end 2025
€ 474,963
▼ 24% vs 2024
€ 134,671 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 91,425
▲ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,630
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 588,692 | € 580,057 | € 505,248 | € 490,174 | ▼ 3% |
| Profit after taxes | € 14,480 | € 104,428 | € 962 | € -63,542 | ▼ € 64,504 |
| Equity | € 274,182 | € 353,576 | € 354,538 | € 290,996 | ▼ 18% |
| Total debts | € 301,560 | € 454,195 | € 765,659 | € 650,025 | ▼ 15% |
| Cash | € 116,456 | € 96,994 | € 111,987 | € 79,153 | ▼ 29% |
| Retained profit | € 212,182 | € 291,576 | € 292,538 | € 228,996 | ▼ 22% |
| Dividend | € 15,000 | € 25,033 | € 0 | € 0 | |
| Bank debt | € 161,334 | € 332,634 | € 623,186 | € 474,963 | ▼ 24% |
| Balance sheet total | € 575,742 | € 807,771 | € 1,120,197 | € 941,020 | ▼ 16% |
| Employees (FTE) | 7.3 | 6.3 | 6 | 5.5 | ▼ 0.5 |
Key figures of HIPA, 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 HIPA?
What happened at HIPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick Goeminne stepped down as director. NBB
- AD2TL BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 63,542 (▼ € 64,504 vs 2024). Source: NBB ↗
- David De Noyette became a director. NBB
- Patrick Goeminne became a director. NBB
- AD2TL BV became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,480 profit in 2022 to € 63,542 loss in 2025.
Paid € 27,714 in corporate taxes since 2022.
Best year ever: 2023, with € 104,428 profit.
On average € 89,100 of value added per employee in 2025.
Management
The stake of AD2TL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HIPABehind HIPA is David De Noyette. The shares are held by AD2TL (99.9%).
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 70
9090 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0402.081.331
- VAT number
- BE 0402.081.331
- Registered office
- Brusselsesteenweg 70, 9090 Merelbeke-Melle
- Names & denominations
- HIPA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 November 1955
- Peppol
- Active · Active since 23 Sept 2026
- Activities · NACE
Goederenvervoer over de weg