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 12.4 to 11.1.
Financials
Financial year 2025
ETABLISSEMENTEN LAPIN from Merelbeke-Melle, company number BE0421598523, closed financial year 2025 with a result of € 485,818 after tax. For that financial year ETABLISSEMENTEN LAPIN recorded a gross margin of € 1.2 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 523,435 to € 485,818. 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 July 8, 2026.
€ 1.2 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 485,818
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 640,441
▲ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 450,000 paid out
93 % of the profit went to the shareholders, mostly to LAPIN IMMO (99 % of the shares). That is where the money ends up.
People and assets in 2025
11.1
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 622,762
▼ 4% vs 2024
€ 56,100 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.
€ 28,187
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 60,412
▼ 14% vs 2024
€ 10,369 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 307,251
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 51,768
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,289,968 | € 1,274,685 | € 1,262,597 | € 1,195,918 | ▼ 5% |
| Profit after taxes | € 646,893 | € 581,812 | € 523,435 | € 485,818 | ▼ 7% |
| Equity | € 1,101,193 | € 1,158,005 | € 1,201,440 | € 1,237,258 | ▲ 3% |
| Total debts | € 910,938 | € 1,011,199 | € 949,381 | € 870,348 | ▼ 8% |
| Cash | € 379,919 | € 289,358 | € 509,281 | € 640,441 | ▲ 26% |
| Retained profit | € 1,039,193 | € 1,096,005 | € 1,139,440 | € 1,175,258 | ▲ 3% |
| Dividend | € 600,000 | € 525,000 | € 480,000 | € 450,000 | ▼ 6% |
| Bank debt | € 0 | € 70,532 | € 70,375 | € 60,412 | ▼ 14% |
| Balance sheet total | € 2,012,131 | € 2,169,204 | € 2,150,821 | € 2,107,605 | ▼ 2% |
| Employees (FTE) | 12 | 12.4 | 11.7 | 11.1 | ▼ 0.6 |
Key figures of ETABLISSEMENTEN LAPIN, 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 ETABLISSEMENTEN LAPIN?
What happened at ETABLISSEMENTEN LAPIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 485,818 (▼ 7% vs 2024). Source: NBB ↗
- Masil BV became a director. NBB
- Ma Camille BV became a director. NBB
- Maxti BV became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 646,893 profit in 2022 to € 485,818 profit in 2025.
Paid € 73,003 in corporate taxes since 2022.
Best year ever: 2022, with € 646,893 profit.
On average € 107,700 of value added per employee in 2025.
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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 stake of LAPIN IMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETABLISSEMENTEN LAPINBehind ETABLISSEMENTEN LAPIN are Masil BV, Ma Camille BV and Maxti BV. The shares are held by LAPIN IMMO (99%).
Directors
According to the 2025 annual accounts
since 2017
since 2017
since 2017
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oude Gaversesteenweg 48
9820 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0421.598.523
- VAT number
- BE 0421.598.523
- Registered office
- Oude Gaversesteenweg 48, 9820 Merelbeke-Melle
- Names & denominations
- ETABLISSEMENTEN LAPIN · Etn. LAPIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 1981
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in afval en schroot, neg
Groothandel in niet-elektrische huishoudelijke artikelen
Groothandel in vaat- en glaswerk
Groothandel in afval en schroot, n.e.g.
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Groothandel in afval en schroot