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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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 3.2 to 2.7.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
B.P.A. from Lier, company number BE0438459301, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year B.P.A. recorded a gross margin of € 1.3 million and equity of € 29.6 million. Compared with financial year 2024, the result moved from € 4.7 million to € 1.6 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 29.6 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▼ 65% vs 2024
Profit after tax over the fiscal year.
€ 519,031
▲ € 412,984 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2.7
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 364,770
▲ 13% vs 2024
€ 135,100 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.
€ 152,069
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.8 million
▲ 17% vs 2024
€ 414,199 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 137,857
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 301,768
▲ 55% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,276,599 | € 153,044 | € 3,929,815 | € 1,317,001 | ▼ 66% |
| Profit after taxes | € 1,140,785 | € 911,920 | € 4,674,980 | € 1,635,799 | ▼ 65% |
| Equity | € 26,509,854 | € 27,421,774 | € 32,096,753 | € 29,589,374 | ▼ 8% |
| Total debts | € 22,998,650 | € 25,364,672 | € 19,821,851 | € 20,022,835 | ▲ 1% |
| Cash | € 597,413 | € 270,132 | € 106,047 | € 519,031 | ▲ € 412,984 |
| Land & buildings | € 859,300 | € 2,163,840 | € 2,114,288 | € 2,074,989 | ▼ 2% |
| Retained profit | € 20,689,302 | € 21,601,222 | € 26,276,201 | € 23,768,822 | ▼ 10% |
| Dividend | € 0 | € 0 | € 0 | € 4,143,178 | |
| Bank debt | € 678,151 | € 3,881,245 | € 7,553,295 | € 8,826,074 | ▲ 17% |
| Balance sheet total | € 49,508,504 | € 52,786,445 | € 51,918,604 | € 49,612,209 | ▼ 4% |
| Employees (FTE) | 3.6 | 3.2 | 2.8 | 2.7 | ▼ 0.1 |
Key figures of B.P.A., 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 B.P.A.?
What happened at B.P.A. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cedric Bouwen stepped down as director. NBB
- Filip Poznanovic stepped down as director. NBB
- Patrick August Bouwen stepped down as director. NBB
- Kim Heungens stepped down as director. NBB
- Cyrielle Yvonne Bouwen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.6 million (▼ 65% vs 2024). Source: NBB ↗
- Cedric Bouwen became a director. NBB
- Filip Poznanovic became a director. NBB
In short
From € 1.1 million profit in 2022 to € 1.6 million profit in 2025.
Paid € 304,806 in corporate taxes since 2022.
Best year ever: 2024, with € 4.7 million profit.
On average € 487,800 of value added per employee in 2025.
Management
It owns 100% of RBPA Schaar, 100% of Bedrijvenpark Stone, 100% of Union, 100% of Het Fort, 100% of Falcon and 100% of Trading Places itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2028
Filip Poznanovic
Director
since 2023 · until 2028
Patrick August Bouwen
Managing director
Also active at: Union, GROUP BOUWEN IMMO, TRADING PLACES, FALCON, ALLIANCE, RESIDENTIE DEN DULFT, HET FORT, BEDRIJVENPARK STONE +3 more
since 2006 · until 2028
Kim Heungens
Managing director
Also active at: Union, GROUP BOUWEN IMMO, TRADING PLACES, RESIDENTIE DEN DULFT, HET FORT, VIMINALIS, VIMINALIS II, BEDRIJVENPARK STONE +4 more
since 2010 · until 2028
Cyrielle Yvonne Bouwen
Director
Also active at: Union, GROUP BOUWEN IMMO, TRADING PLACES, ALLIANCE, BEDRIJVENPARK STONE, DIEGEM STATION II
since 2010 · until 2028
Establishments
Establishment units
Physical locations of this company
Hoogveldweg 155 box 3
2500 Lier
Rechtestraat 40
2500 Lier
Active since 29 November 2002
Markt 5
2270 Herenthout
Active since 7 July 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →GROUP BOUWEN IMMO same network
€ -707 gross margin · 2025
TRADING PLACES same network
€ 322,625 gross margin · 2025
WILS & PEETERS
€ 320,919 gross margin · 2026
ALLIANCE same network
€ 108,587 gross margin · 2025
RESIDENTIE DEN DULFT same network
€ -4,564 gross margin · 2025
+5 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
- 0438.459.301
- VAT number
- BE 0438.459.301
- Registered office
- Hoogveldweg 155 bus 3, 2500 Lier
- Names & denominations
- B.P.A.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 1989
- Peppol
- Active · Active since 7 Jan 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Handel in eigen onroerend goed
Handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
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