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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Shrinking team NBB
FTE fell two years in a row, from 30.1 to 25.2.
Financials
Financial year 2025
CIREPA from Ath, company number BE0436688654, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year CIREPA recorded revenue of € 17.1 million and equity of € 6.3 million. Compared with financial year 2024, the result moved from € 852,914 to € 1.6 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 July 3, 2026.
€ 6.3 million
▲ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▲ 83% vs 2024
Profit after tax over the fiscal year.
€ 2.9 million
▲ 119% 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 € 6.1 million.
People and assets in 2025
25.2
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▼ 3% vs 2024
€ 62,600 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.
€ 370,540
▼ 47% vs 2024
Of which on lease € 307,143.
Debts at end 2025
€ 2.2 million
▼ 35% vs 2024
€ 456,469 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 980,779
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 203,344
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,648,604 | € 14,836,335 | € 17,211,790 | € 17,105,835 | ▼ 1% |
| Profit after taxes | € 185,928 | € 1,151,816 | € 852,914 | € 1,558,298 | ▲ 83% |
| Equity | € 2,610,401 | € 3,817,747 | € 4,652,680 | € 6,323,613 | ▲ 36% |
| Total debts | € 6,876,546 | € 6,829,135 | € 5,671,722 | € 3,451,244 | ▼ 39% |
| Cash | € 608,313 | € 2,043,564 | € 1,339,081 | € 2,927,799 | ▲ 119% |
| Land & buildings | € 1,212,587 | € 1,507,814 | € 1,521,336 | € 1,342,676 | ▼ 12% |
| Retained profit | € 2,535,401 | € 3,687,217 | € 4,540,131 | € 6,098,429 | ▲ 34% |
| Bank debt | € 5,214,563 | € 4,452,706 | € 3,308,373 | € 2,153,270 | ▼ 35% |
| Balance sheet total | € 9,518,337 | € 10,669,026 | € 10,372,301 | € 9,819,206 | ▼ 5% |
| Employees (FTE) | 30.5 | 30.1 | 26.1 | 25.2 | ▼ 0.9 |
Key figures of CIREPA, 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 CIREPA?
What happened at CIREPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.6 million (▲ 83% vs 2024). Source: NBB ↗
- New establishment in Ath. KBO
- Start of the company according to the CBE. KBO
In short
From € 185,928 profit in 2022 to € 1.6 million profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.6 million profit.
Pays suppliers within 27 days on average.
Management
Behind CIREPA are GEERT HENDRIX and DIRK WAUTERS. The same people are also behind CIC PACKAGING. GEERT HENDRIX is also behind Cornelis Plastics, CORFLA and C.I.C..
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Avenue des Artisans(GHI) 38
7822 Ath
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
HETZNER-AS, DE
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0436.688.654
- VAT number
- BE 0436.688.654
- Registered office
- Avenue des Artisans(GHI) 38, 7822 Ath
- Names & denominations
- CIREPA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 1989
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- cirepa.be
- Activities · NACE
Vervaardiging van platen, vellen, buizen en profielen van kunststof
Prepress- en premediadiensten
Hulpactiviteiten in verband met drukkerijen
Niet-gespecialiseerde groothandel
Reparatie en onderhoud van consumentenartikelen, neg
Overige reparaties, n.e.g.
Overige groothandel