Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Lips from Knokke-Heist, company number BE0406904508, closed financial year 2025 with a result of € 3.6 million after tax. For that financial year Lips recorded revenue of € 39.5 million and equity of € 4.8 million. Compared with financial year 2024, the result moved from € 1.8 million to € 3.6 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 May 8, 2026.
€ 4.8 million
▲ 52% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.6 million
▲ 101% vs 2024
Profit after tax over the fiscal year.
€ 811,201
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
55 % of the profit went to the shareholders, mostly to Symax (50 % of the shares). That is where the money ends up.
People and assets in 2025
75.9
▲ 13 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.1 million
▲ 4% vs 2024
€ 40,700 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.
€ 95,995
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.8 million
▼ 5% vs 2024
€ 302,702 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2.7 million
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 1 million
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 30,289,764 | € 34,449,736 | € 36,864,982 | € 39,535,039 | ▲ 7% |
| Profit after taxes | € 673,584 | € 1,658,670 | € 1,809,647 | € 3,634,584 | ▲ 101% |
| Equity | € 3,368,502 | € 3,608,172 | € 3,160,320 | € 4,795,403 | ▲ 52% |
| Total debts | € 6,502,610 | € 6,747,972 | € 6,663,740 | € 6,824,668 | ▲ 2% |
| Cash | € 1,150,831 | € 1,521,193 | € 1,304,862 | € 811,201 | ▼ 38% |
| Land & buildings | € 4,898,094 | € 4,543,488 | € 4,188,883 | € 3,837,254 | ▼ 8% |
| Retained profit | € 3,048,502 | € 3,288,172 | € 2,840,320 | € 4,475,403 | ▲ 58% |
| Dividend | € 451,500 | € 1,419,000 | € 2,257,500 | € 1,999,500 | ▼ 11% |
| Bank debt | € 2,014,447 | € 2,019,823 | € 1,888,752 | € 1,789,254 | ▼ 5% |
| Balance sheet total | € 9,871,112 | € 10,356,144 | € 9,824,060 | € 11,620,072 | ▲ 18% |
| Employees (FTE) | 50.2 | 45.8 | 62.9 | 75.9 | ▲ 13 |
Key figures of Lips, 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 Lips?
What happened at Lips in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Symax BV stepped down as director. NBB
- Belisy BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.6 million (▲ 101% vs 2024). Source: NBB ↗
- Symax BV became a director. NBB
- Belisy BV became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 673,584 profit in 2022 to € 3.6 million profit in 2025.
Paid € 2.6 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.6 million profit.
Paid out € 6.1 million in dividends to the owners in total.
A new publication or filing at Lips? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Symax (50%) and Belisy (50%).
Directors
According to the 2025 annual accounts
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Heistlaan 27
8301 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0406.904.508
- VAT number
- BE 0406.904.508
- Registered office
- Heistlaan 27, 8301 Knokke-Heist
- Names & denominations
- Lips
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 1969
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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Supermarkten (verkoopsoppervlakte tussen 400 m2 en minder dan 2.500 m2)
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