What does CIPANGO do?

CIPANGO is a property company in Gembloux. Public Limited, started on 15 December 1986, 1 establishment.

What is the address of CIPANGO?

The registered office of CIPANGO is located at Rue Try-à-la-Vigne, Sauv. 11, 5030 Gembloux.

Is CIPANGO still active?

Yes. According to the CBE (29 October 2026) CIPANGO is active, legal situation “Normale toestand”, started on 15 December 1986.

Is CIPANGO registered on Peppol?

No, CIPANGO is currently not registered on the Peppol network.

What is the enterprise number of CIPANGO?

The enterprise number of CIPANGO is BE0430115717.

When was CIPANGO founded?

CIPANGO was founded on 15 December 1986.

Who are the directors of CIPANGO?

According to the 2025 annual accounts, the directors of CIPANGO are: Thierry Masquelin, Sophie Renard.

Is CIPANGO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 December 1986; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did CIPANGO make in 2025?

CIPANGO posted a profit after taxes of € 106,045 in financial year 2025.

What is the revenue of CIPANGO?

As a small company, CIPANGO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 251,475.

CIPANGO (Public Limited) - Gembloux - BE0430115717

Dossier CIPANGO, printed on 29 October 2026 from databakkes.be/en/0430115717/cipango. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 1 % of short-term debt in 2025; threshold 65 %.
Not on Peppol Peppol

Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.

Financials

Financial year 2025

CIPANGO from Gembloux, company number BE0430115717, closed financial year 2025 with a result of € 106,045 after tax. For that financial year CIPANGO recorded a gross margin of € 251,475 and equity of € 458,222. Compared with financial year 2024, the result moved from € -229,066 to € 106,045. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 30, 2026.

What it is worth Growing

€ 458,222

▲ 17% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 106,045

▲ still € 229,066 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 10,370

▲ 36% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 39,042 paid out

37 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Vehicles and equipment

€ 21,865

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 11 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.2 million

▼ 8% vs 2024

€ 110,604 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 1,417

▼ 95% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 53,210 Gross margin 2022: € 53,210 First fiscal year in the series	€ 133,656 Gross margin 2023: € 133,656 ▲ 151% vs 2022 (€ 53,210) Favourable step	€ 16,157 Gross margin 2024: € 16,157 ▼ 88% vs 2023 (€ 133,656) Unfavourable step	€ 251,475 Gross margin 2025: € 251,475 ▲ € 235,318 vs 2024 (€ 16,157) Favourable step	▲ € 235,318
Profit after taxes	€ -43,486 Profit after taxes 2022: € -43,486 First fiscal year in the series	€ 6,038 Profit after taxes 2023: € 6,038 ▲ € 49,524 vs 2022 (€ -43,486) Favourable step	€ -229,066 Profit after taxes 2024: € -229,066 ▼ € 235,104 vs 2023 (€ 6,038) Unfavourable step	€ 106,045 Profit after taxes 2025: € 106,045 ▲ € 335,111 vs 2024 (€ -229,066) Favourable step	▲ € 335,111
Equity	€ 4,289,919 Equity 2022: € 4,289,919 First fiscal year in the series	€ 649,424 Equity 2023: € 649,424 ▼ 85% vs 2022 (€ 4,289,919) Unfavourable step	€ 391,218 Equity 2024: € 391,218 ▼ 40% vs 2023 (€ 649,424) Unfavourable step	€ 458,222 Equity 2025: € 458,222 ▲ 17% vs 2024 (€ 391,218) Favourable step	▲ 17%
Total debts	€ 745,426 Total debts 2022: € 745,426 First fiscal year in the series	€ 1,567,804 Total debts 2023: € 1,567,804 ▲ 110% vs 2022 (€ 745,426) Unfavourable step	€ 1,994,671 Total debts 2024: € 1,994,671 ▲ 27% vs 2023 (€ 1,567,804) Unfavourable step	€ 1,855,917 Total debts 2025: € 1,855,917 ▼ 7% vs 2024 (€ 1,994,671) Favourable step	▼ 7%
Cash	€ 1,706,904 Cash 2022: € 1,706,904 First fiscal year in the series	€ 886,405 Cash 2023: € 886,405 ▼ 48% vs 2022 (€ 1,706,904) Unfavourable step	€ 7,610 Cash 2024: € 7,610 ▼ 99% vs 2023 (€ 886,405) Unfavourable step	€ 10,370 Cash 2025: € 10,370 ▲ 36% vs 2024 (€ 7,610) Favourable step	▲ 36%
Land & buildings	€ 973,170 Land & buildings 2022: € 973,170 First fiscal year in the series	€ 1,306,529 Land & buildings 2023: € 1,306,529 ▲ 34% vs 2022 (€ 973,170) Unchanged	€ 2,113,844 Land & buildings 2024: € 2,113,844 ▲ 62% vs 2023 (€ 1,306,529) Unchanged	€ 1,954,103 Land & buildings 2025: € 1,954,103 ▼ 8% vs 2024 (€ 2,113,844) Unchanged	▼ 8%
Retained profit	€ 4,114,919 Retained profit 2022: € 4,114,919 First fiscal year in the series	€ 587,924 Retained profit 2023: € 587,924 ▼ 86% vs 2022 (€ 4,114,919) Unfavourable step	€ 329,718 Retained profit 2024: € 329,718 ▼ 44% vs 2023 (€ 587,924) Unfavourable step	€ 396,722 Retained profit 2025: € 396,722 ▲ 20% vs 2024 (€ 329,718) Favourable step	▲ 20%
Dividend	€ 268,860 Dividend 2022: € 268,860 First fiscal year in the series	€ 21,535 Dividend 2023: € 21,535 ▼ 92% vs 2022 (€ 268,860) Unchanged	€ 29,140 Dividend 2024: € 29,140 ▲ 35% vs 2023 (€ 21,535) Unchanged	€ 39,042 Dividend 2025: € 39,042 ▲ 34% vs 2024 (€ 29,140) Unchanged	▲ 34%
Bank debt	€ 406,095 Bank debt 2022: € 406,095 First fiscal year in the series	€ 367,074 Bank debt 2023: € 367,074 ▼ 10% vs 2022 (€ 406,095) Favourable step	€ 1,315,387 Bank debt 2024: € 1,315,387 ▲ 258% vs 2023 (€ 367,074) Unfavourable step	€ 1,208,696 Bank debt 2025: € 1,208,696 ▼ 8% vs 2024 (€ 1,315,387) Favourable step	▼ 8%
Balance sheet total	€ 5,131,751 Balance sheet total 2022: € 5,131,751 First fiscal year in the series	€ 2,306,265 Balance sheet total 2023: € 2,306,265 ▼ 55% vs 2022 (€ 5,131,751) Unchanged	€ 2,467,558 Balance sheet total 2024: € 2,467,558 ▲ 7% vs 2023 (€ 2,306,265) Unchanged	€ 2,372,839 Balance sheet total 2025: € 2,372,839 ▼ 4% vs 2024 (€ 2,467,558) Unchanged	▼ 4%

Key figures of CIPANGO, 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 CIPANGO?

What happened at CIPANGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

May 30, 2026 New annual accounts for financial year 2025: profit of € 106,045. Source: NBB ↗
Jan 15, 1987 New establishment in Gembloux. KBO
Dec 15, 1986 Start of the company according to the CBE. KBO

In short

From € 43,486 loss in 2022 to € 106,045 profit in 2025.

Paid € 36,902 in corporate taxes since 2022.

Best year ever: 2025, with € 106,045 profit.

Paid out € 358,577 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Thierry Masquelin Sophie Renard

PHARMACIE RENARD GEMBLOUX

QUERENCIA INVEST

TM invest

CIPANGO

Behind CIPANGO are Thierry Masquelin and Sophie Renard. The same people are also behind QUERENCIA INVEST. Thierry Masquelin is also behind PHARMACIE RENARD GEMBLOUX and TM invest.

Directors

According to the 2025 annual accounts

Thierry Masquelin

Managing director

Also active at: PHARMACIE RENARD GEMBLOUX, QUERENCIA INVEST, TM invest

Sophie Renard

Director

Also active at: QUERENCIA INVEST

Establishments

Establishment units

Physical locations of this company

Registered office

Rue Try-à-la-Vigne, Sauv. 11

5030 Gembloux

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

QUERENCIA INVEST same network

€ 13,933 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0430.115.717

VAT number

BE 0430.115.717

Registered office

Rue Try-à-la-Vigne, Sauv. 11, 5030 Gembloux

Names & denominations

CIPANGO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 December 1986

Peppol

Not registered

Activities · NACE

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗

CIPANGO

Warning lights

Financials

What happened to CIPANGO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions