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 58 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CIPAC from Evere, company number BE0445795568, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year CIPAC recorded revenue of € 28.4 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € 730,150 to € 1.5 million. 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 July 1, 2026.
€ 3.9 million
▲ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 102% vs 2024
Profit after tax over the fiscal year.
€ 110,663
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 200,000 paid out
14 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
52.3
▲ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▲ 3% vs 2024
€ 62,700 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.
€ 119,893
▲ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.3 million
▼ 24% vs 2024
€ 871,114 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.8 million
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 1 million
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 24,094,696 | € 26,731,433 | € 28,074,215 | € 28,384,938 | ▲ 1% |
| Profit after taxes | € 419,749 | € 427,312 | € 730,150 | € 1,472,522 | ▲ 102% |
| Equity | € 1,858,632 | € 2,101,443 | € 2,610,173 | € 3,857,761 | ▲ 48% |
| Total debts | € 8,206,998 | € 9,852,974 | € 9,224,397 | € 7,368,476 | ▼ 20% |
| Cash | € 312,570 | € 278,620 | € 214,516 | € 110,663 | ▼ 48% |
| Land & buildings | € 113,532 | € 102,252 | € 91,593 | € 0 | ▼ 100% |
| Retained profit | € 1,667,376 | € 1,894,687 | € 2,424,838 | € 3,697,359 | ▲ 52% |
| Dividend | € 150,000 | € 200,000 | € 200,000 | € 200,000 | |
| Bank debt | € 5,961,075 | € 6,936,348 | € 5,622,482 | € 4,258,823 | ▼ 24% |
| Balance sheet total | € 10,065,629 | € 11,954,417 | € 11,834,571 | € 11,689,895 | ▼ 1% |
| Employees (FTE) | 51.3 | 48 | 49.6 | 52.3 | ▲ 2.7 |
Key figures of CIPAC, 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 CIPAC?
What happened at CIPAC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.5 million (▲ 102% vs 2024). Source: NBB ↗
- New establishment in Namur. KBO
- New establishment in Anderlecht. KBO
- New establishment in Braine-le-Château. KBO
- New establishment in Gembloux. KBO
- New establishment in Evere. KBO
- New establishment in Wavre. KBO
- New establishment in Sint-Gillis (bij-Brussel). KBO
In short
From € 419,749 profit in 2022 to € 1.5 million profit in 2025.
Paid € 656,964 in corporate taxes since 2022.
Best year ever: 2025, with € 1.5 million profit.
Paid out € 750,000 in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
L. Mommaertslaan 11
1140 Evere
Morisstraat 43
1060 Sint-Gillis (bij-Brussel)
Active since 9 April 1992
Avenue Vésale 2
1300 Wavre
Active since 1 March 2008
Chaussée de Tirlemont, Sauv. 77 B-C
5030 Gembloux
Active since 1 June 2017
Parc Industriel(W-B) 3E
1440 Braine-le-Château
Active since 1 April 2022
Industrielaan 109
1070 Anderlecht
Active since 1 June 2023
Rue des Phlox(NN) 3
5100 Namur
Active since 2 November 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →PROLINEA
€ 313,726 gross margin · 2025
ARRIBEL
€ 3,115 gross margin · 2025
ATELIER PARALLEL - SOCIETE D'ARCHITECTES PROFESSIONNELLE
€ 104,424 revenue · 2025
CONNEXITY
€ 174,492 gross margin · 2025
SPLENDEUR DU FER - DE PRACHT VAN HET YZER - BEAUTIFUL IRON
€ 86,314 gross margin · 2025
+6 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
- 0445.795.568
- VAT number
- BE 0445.795.568
- Registered office
- L. Mommaertslaan 11, 1140 Evere
- Names & denominations
- CIPAC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 1991
- Peppol
- Active · Active since 21 Jan 2026
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2