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 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PROPIGS from Aarschot, company number BE0402777850, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year PROPIGS recorded revenue of € 218.7 million and equity of € 22.6 million. Compared with financial year 2024, the result moved from € 590,418 to € 1.1 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 June 20, 2026.
€ 22.6 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ 90% vs 2024
Profit after tax over the fiscal year.
€ 565,086
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 231,022 paid out
21 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0.9
Average over the fiscal year, from the social balance sheet.
€ 92,807
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 48,270
▲ € 46,131 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.
€ 3.5 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 6 days on average.
€ 107,697
▲ € 106,689 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 237,522,922 | € 272,647,885 | € 249,746,898 | € 218,714,320 | ▼ 12% |
| Profit after taxes | € 43,469 | € 43,818 | € 590,418 | € 1,124,410 | ▲ 90% |
| Equity | € 21,209,020 | € 21,009,332 | € 21,493,504 | € 22,554,961 | ▲ 5% |
| Total debts | € 7,244,907 | € 7,614,260 | € 10,191,979 | € 9,222,548 | ▼ 10% |
| Cash | € 3,488,741 | € 1,964,861 | € 1,240,068 | € 565,086 | ▼ 54% |
| Retained profit | € 17,012,530 | € 17,013,677 | € 17,434,802 | € 18,328,190 | ▲ 5% |
| Dividend | € 45,141 | € 42,671 | € 169,293 | € 231,022 | ▲ 36% |
| Bank debt | € 0 | € 0 | € 300,000 | € 0 | ▼ 100% |
| Balance sheet total | € 28,453,927 | € 28,623,592 | € 31,685,482 | € 31,777,509 | |
| Employees (FTE) | - | - | - | 0.9 |
Key figures of PROPIGS, 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 PROPIGS?
What happened at PROPIGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Joost Castryck stepped down as director. NBB
- Renaat Moors stepped down as director. NBB
- Jan Bernaerts stepped down as director. NBB
- Johan Elst stepped down as director. NBB
- Dirk Van Thielen stepped down as director. NBB
- Jef Buyens stepped down as director. NBB
- Peter Luyssen stepped down as director. NBB
- Jürgen Depuydt stepped down as director. NBB
In short
From € 43,469 profit in 2022 to € 1.1 million profit in 2025.
Paid € 435,403 in corporate taxes since 2022.
Best year ever: 2025, with € 1.1 million profit.
Paid out € 488,127 in dividends to the owners in total.
Management
The stake of JANSHOEK, GOLMEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PROPIGSThe shares are held by JANSHOEK (0.3%) and GOLMEER (0%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Marc Ceyssens
Director
since 2022 · until 2028
Renaat Moors
Chairman of the board
since 2025 · until 2031
Luc Stinkens
Director
since 2019 · until 2025
Jan Bernaerts
Director
since 2025 · until 2031
Johan Elst
Director
since 2025 · until 2031
Renaat Vandebrouck
Director
since 2023 · until 2028
Bart De Baerdermaeker
Director
since 2023 · until 2028
Dirk Van Thielen
Director
Also active at: Belgian Feed Association, Willem Spoormans, DUMOULIN, DUMOULIN, Voeders Lannoo - Martens, AVEVE BIOCHEM, PROXANI
since 2025 · until 2031
Dirk David
Director
since 2022 · until 2028
Dirk Fevery
Director
since 2019 · until 2025
Peter Luyssen
Director
since 2025 · until 2031
Jürgen Depuydt
Director
since 2025 · until 2031
Herman Lammens
Director
since 2022 · until 2028
Jan Gorssen
Director
since 2025 · until 2031
Erik Wallyn
Director
since 2022 · until 2028
since 2019 · until 2025
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nieuwlandlaan 111 box 3
3200 Aarschot
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
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€ 2 million revenue · 2025
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+2 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
- 0402.777.850
- VAT number
- BE 0402.777.850
- Registered office
- Nieuwlandlaan 111 bus 3, 3200 Aarschot
- Names & denominations
- PROPIGS
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 8 March 1966
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Groothandel in levend vee
Groothandel in levende dieren
Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte
Groothandel in vlees en vleeswaren, exclusief vlees van gevogelte en van wild