Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
PIPELIFE BELGIUM from Kalmthout, company number BE0403848513, closed financial year 2025 with a result of € -3.6 million after tax. For that financial year PIPELIFE BELGIUM recorded revenue of € 26.2 million and equity of € 3.4 million. Compared with financial year 2024, the result moved from € -1 million to € -3.6 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 3.4 million
▲ € 3.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.6 million
▼ 243 % more loss than in 2024
Profit after tax over the fiscal year.
€ 118,944
▲ 150% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.6 million.
People and assets in 2025
43
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.8 million
▲ 4% vs 2024
€ 87,600 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.
€ 0
▼ € 102,895 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5 million
▼ 55% vs 2024
Loans from banks and other lenders, long and short.
€ 2.3 million
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 36 days on average.
€ 458,341
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,932,153 | € 26,678,968 | € 25,061,932 | € 26,233,598 | ▲ 5% |
| Profit after taxes | € 320,373 | € -396,820 | € -1,036,256 | € -3,550,185 | ▼ € 2.5 million |
| Equity | € 1,333,983 | € 937,164 | € -99,092 | € 3,350,722 | ▲ € 3.4 million |
| Total debts | € 11,917,597 | € 11,643,720 | € 14,343,665 | € 7,796,572 | ▼ 46% |
| Cash | € 784,129 | € 4,228 | € 47,548 | € 118,944 | ▲ 150% |
| Land & buildings | € 895,930 | € 874,260 | € 859,466 | € 994,013 | ▲ 16% |
| Retained profit | € 823,057 | € 426,238 | € -610,018 | € -2,571,931 | ▼ € 2 million |
| Bank debt | € 9,000,000 | € 9,000,000 | € 11,000,000 | € 5,000,000 | ▼ 55% |
| Balance sheet total | € 13,329,409 | € 12,654,899 | € 14,326,347 | € 11,233,906 | ▼ 22% |
| Employees (FTE) | 48.5 | 44.7 | 42.6 | 43 | ▲ 0.4 |
Key figures of PIPELIFE BELGIUM, 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 PIPELIFE BELGIUM?
What happened at PIPELIFE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Joeri Goethals stepped down as director. NBB
- Star JR BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.6 million. Source: NBB ↗
- Joeri Goethals became a director. NBB
- Star JR BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Kalmthout. KBO
In short
From € 320,373 profit in 2022 to € 3.6 million loss in 2025.
Paid € 6,546 in corporate taxes since 2022.
Best year ever: 2022, with € 320,373 profit.
Pays suppliers within 36 days on average.
Management
The shares are held by Pipelife Finance BV (100%).
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Managing director · represented by Tom Deckers
Also active at: STEINZEUG - KERAMO, KERAMO - WIENERBERGER IMMO
since 2022 · until 2028
Shareholders
Pipelife Finance BV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brasschaatsteenweg (C) 302
2920 Kalmthout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
A1TELEKOM-AT A1 Telekom Austria AG, AT
Website info
Features
Security
Details
- Company number
- 0403.848.513
- VAT number
- BE 0403.848.513
- Registered office
- Brasschaatsteenweg (C) 302, 2920 Kalmthout
- Names & denominations
- PIPELIFE BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 1957
- Peppol
- Active · Active since 19 Dec 2025
- Contact
- pipelife.be
- Activities · NACE
Vervaardiging van platen, vellen, buizen en profielen van kunststof