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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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PIPELINK from Antwerpen, company number BE0418190556, closed financial year 2025 with a result of € 4.1 million after tax. For that financial year PIPELINK recorded revenue of € 21.1 million and equity of € 37.3 million. Compared with financial year 2024, the result moved from € 4.2 million to € 4.1 million. The company is profitable. 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 19, 2026.
€ 37.3 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.1 million
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 23,773
▲ 26% 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 € 10.3 million.
People and assets in 2025
7.2
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▼ 5% vs 2024
€ 176,000 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.
€ 13,437
▼ 36% vs 2024
Of which on lease € 1,821.
Debts at end 2025
€ 10.2 million
▲ 12% vs 2024
€ 1.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 3.6 million
▲ 213% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 101 days on average.
€ 164,164
▼ 58% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,082,953 | € 14,467,814 | € 19,692,873 | € 21,070,255 | ▲ 7% |
| Profit after taxes | € 3,064,370 | € 3,479,338 | € 4,166,297 | € 4,144,662 | ▼ 1% |
| Equity | € 14,562,990 | € 29,032,315 | € 33,198,612 | € 37,343,274 | ▲ 12% |
| Total debts | € 18,792,045 | € 16,739,297 | € 10,716,472 | € 13,966,636 | ▲ 30% |
| Cash | € 5,080,828 | € 1,275,511 | € 18,878 | € 23,773 | ▲ 26% |
| Land & buildings | € 2,521 | € 1,389 | - | € 6,552 | |
| Retained profit | € 1,997,763 | € 1,996,426 | € 6,162,723 | € 10,307,385 | ▲ 67% |
| Dividend | € 3,063,020 | € 3,480,676 | € 0 | € 0 | |
| Bank debt | € 14,287,998 | € 10,316,231 | € 9,145,159 | € 10,199,928 | ▲ 12% |
| Balance sheet total | € 33,925,035 | € 45,969,022 | € 43,915,084 | € 51,309,910 | ▲ 17% |
| Employees (FTE) | 6.9 | 6.9 | 8.9 | 7.2 | ▼ 1.7 |
Key figures of PIPELINK, 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 PIPELINK?
What happened at PIPELINK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4.1 million (▼ 1% vs 2024). Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.1 million profit in 2022 to € 4.1 million profit in 2025.
Paid € 4.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 4.2 million profit.
Paid out € 6.5 million in dividends to the owners in total.
Management
The stake of Haven van Antwerpen - Brugge comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PIPELINKBehind PIPELINK are Jacques VANDERMEIREN, Guy JANSSENS, Maarten DEN DEKKER, Tom HAUTEKIET and Jan ADAM. The shares are held by Haven van Antwerpen - Brugge (80%). It owns 50% of NAPRO, 50% of NITRACO, 20% of Fluxys C-Grid Antwerpen and 10% of Fluxys C-Grid itself.
Directors
According to the 2025 annual accounts
Jacques VANDERMEIREN
Chairman of the board
Also active at: APEC - ANTWERP/ Flanders Port Training Center VZW, NxtPort, Port of Antwerp-Bruges International, RAILPORT ANTWERPEN
Guy JANSSENS
Director
Maarten DEN DEKKER
Director
Tom HAUTEKIET
Director
Also active at: APEC - ANTWERP/ Flanders Port Training Center VZW, Port of Antwerp-Bruges International, RAILPORT ANTWERPEN, NxtPort International
Jan ADAM
Director
Also active at: JABELMAT, DEURGANCKDOKSLUIS, ANTWERP MARITIME INFORMATION SYSTEMS/Antwerpse Maritieme Informatiesystemen
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Zaha Hadidplein 1
2030 Antwerpen
Wetstraat 82
1000 Brussel
Active since 1 June 1978
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →Haven van Antwerpen - Brugge same network
€ 507 million revenue · 2025
JABELMAT same network
€ 847,627 revenue · 2025
APEC - ANTWERP/ Flanders Port Training Center VZW same network
€ 2.1 million revenue · 2025
NxtPort same network
€ 5 million revenue · 2025
Port of Antwerp-Bruges International same network
€ 10 million revenue · 2025
+6 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
- 0418.190.556
- VAT number
- BE 0418.190.556
- Registered office
- Zaha Hadidplein 1, 2030 Antwerpen
- Names & denominations
- PIPELINK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 1978
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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