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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SIPRESS from Brussel, company number BE0429619829, closed financial year 2025 with a result of € 1,045 after tax. For that financial year SIPRESS recorded a gross margin of € 94,176 and equity of € 289,740. Compared with financial year 2024, the result moved from € 3,147 to € 1,045. 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 October 31, 2025.
€ 289,740
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,045
▼ 67% vs 2024
Profit after tax over the fiscal year.
€ 1,281
▼ 58% 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 € 129,740.
People and assets in 2025
€ 18,981
▲ 9% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 45,000
▼ 83% vs 2024
Loans from banks and other lenders, long and short.
€ 67,907
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,147
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 84,041 | € 100,623 | € 95,125 | € 94,176 | ▼ 1% |
| Profit after taxes | € 11,933 | € 10,269 | € 3,147 | € 1,045 | ▼ 67% |
| Equity | € 275,279 | € 285,548 | € 288,695 | € 289,740 | |
| Total debts | € 568,067 | € 548,627 | € 470,072 | € 414,501 | ▼ 12% |
| Cash | € 1,651 | € 3,776 | € 3,031 | € 1,281 | ▼ 58% |
| Land & buildings | € 806,394 | € 776,763 | € 738,235 | € 699,707 | ▼ 5% |
| Retained profit | € 115,279 | € 125,548 | € 128,695 | € 129,740 | ▲ 1% |
| Bank debt | € 377,000 | € 323,000 | € 269,000 | € 45,000 | ▼ 83% |
| Balance sheet total | € 843,346 | € 834,175 | € 781,267 | € 726,741 | ▼ 7% |
Key figures of SIPRESS, 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 October 2026.
What happened to SIPRESS?
What happened at SIPRESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frank De Palmenaer stepped down as director. NBB
- Argonauten BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1,045 (▼ 67% vs 2024). Source: NBB ↗
- Frank De Palmenaer became a director. NBB
- Argonauten BV became a director. NBB
- New establishment in Ganshoren. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,933 profit in 2022 to € 1,045 profit in 2025.
Paid € 12,906 in corporate taxes since 2022.
Best year ever: 2022, with € 11,933 profit.
A new publication or filing at SIPRESS? 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
Directors
According to the 2025 annual accounts
Frank De Palmenaer
Director
Also active at: FRAPAL, STUDIE- EN EXPERTISEBUREAU DE PALMENAER, Studiebureau voor wegen- en Bouwkunde - Ontwerpen, Palladion, 2B Construct, SOCRATES BUSINESS CENTER, ABO Logistics, GEOSONDA +15 more
since 2024 · until 2030
Director · represented by Alexander De Palmenaer
Also active at: 2B Construct, IDEPLUS, SKOUKY'S PROPERTIES, ABO-GROUP ENVIRONMENT
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Oorlogskruisenlaan 326 box 3
1120 Brussel
Keizer Karellaan 292
1083 Ganshoren
Active since 14 May 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.619.829
- VAT number
- BE 0429.619.829
- Registered office
- Oorlogskruisenlaan 326 bus 3, 1120 Brussel
- Names & denominations
- SIPRESS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 October 1986
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van syndici van onroerend goed
Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis