KIPAN is a metalworking company in Kinrooi. Public Limited, started on 27 April 1993, 2 establishments.

What is the address of KIPAN?

The registered office of KIPAN is located at Leuerbroek (Oph) 1028, 3640 Kinrooi.

Is KIPAN still active?

Yes. According to the CBE (29 October 2026) KIPAN is active, legal situation “Normale toestand”, started on 27 April 1993.

Is KIPAN registered on Peppol?

Yes, KIPAN is registered on the Peppol network with ID 0208:0450004378.

What is the enterprise number of KIPAN?

The enterprise number of KIPAN is BE0450004378.

When was KIPAN founded?

KIPAN was founded on 27 April 1993.

Who are the directors of KIPAN?

According to the 2025 annual accounts, the directors of KIPAN are: MASOMA BV, SUNPOWER@RENT BV.

Is KIPAN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 April 1993; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did KIPAN make in 2025?

KIPAN recorded a loss after taxes of € 714,853 in financial year 2025.

What is the revenue of KIPAN?

As a small company, KIPAN is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,024,668.

How much does an employee at KIPAN earn?

The average wage cost per full-time employee at KIPAN was € 60,600 in 2025: staff costs of € 1.5 million for 24.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does KIPAN have?

According to the 2025 annual accounts, KIPAN has 24.9 full-time equivalents (FTE).

KIPAN (Public Limited) - Kinrooi - BE0450004378

Dossier KIPAN, printed on 29 October 2026 from databakkes.be/en/0450004378/kipan. 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.

Negative equity NBB

More debt than assets in 2 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Board fully replaced NBB

No director from three years ago is still active according to annual account 2025.

Financials

Financial year 2025

KIPAN from Kinrooi, company number BE0450004378, closed financial year 2025 with a result of € -714,853 after tax. For that financial year KIPAN recorded a gross margin of € 1 million and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -614,711 to € -714,853. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 3, 2026.

What it is worth Caution

€ -1.1 million

▼ € 714,853 vs 2024

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

Loss Caution

€ -714,853

▼ 16 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 143,905

▲ € 112,307 vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.2 million.

People and assets in 2025

Full-time equivalents

24.9

▲ 15.5 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.5 million

▲ 143% vs 2024

€ 60,600 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.

Vehicles and equipment

€ 170,088

▲ € 168,861 vs 2024

Of which on lease € 163,892.

Debts at end 2025

Bank debt ≈ 2 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.

€ 506,367

▼ 17% vs 2024

€ 66,441 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 2.5 million

▲ € 2.2 million vs 2024

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

Taxes and wages

€ 149,556

▲ 131% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 730,486 Gross margin 2022: € 730,486 First fiscal year in the series	€ 603,209 Gross margin 2023: € 603,209 ▼ 17% vs 2022 (€ 730,486) Unfavourable step	€ 106,057 Gross margin 2024: € 106,057 ▼ 82% vs 2023 (€ 603,209) Unfavourable step	€ 1,024,668 Gross margin 2025: € 1,024,668 ▲ € 918,611 vs 2024 (€ 106,057) Favourable step	▲ € 918,611
Profit after taxes	€ 80,196 Profit after taxes 2022: € 80,196 First fiscal year in the series	€ -188,926 Profit after taxes 2023: € -188,926 ▼ € 269,122 vs 2022 (€ 80,196) Unfavourable step	€ -614,711 Profit after taxes 2024: € -614,711 ▼ € 425,785 vs 2023 (€ -188,926) Unfavourable step	€ -714,853 Profit after taxes 2025: € -714,853 ▼ € 100,142 vs 2024 (€ -614,711) Unfavourable step	▼ € 100,142
Equity	€ 457,317 Equity 2022: € 457,317 First fiscal year in the series	€ 268,391 Equity 2023: € 268,391 ▼ 41% vs 2022 (€ 457,317) Unfavourable step	€ -346,319 Equity 2024: € -346,319 ▼ € 614,711 vs 2023 (€ 268,391) Unfavourable step	€ -1,061,172 Equity 2025: € -1,061,172 ▼ € 714,853 vs 2024 (€ -346,319) Unfavourable step	▼ € 714,853
Total debts	€ 1,175,283 Total debts 2022: € 1,175,283 First fiscal year in the series	€ 981,627 Total debts 2023: € 981,627 ▼ 16% vs 2022 (€ 1,175,283) Favourable step	€ 999,413 Total debts 2024: € 999,413 ▲ 2% vs 2023 (€ 981,627) Unfavourable step	€ 4,228,893 Total debts 2025: € 4,228,893 ▲ € 3.2 million vs 2024 (€ 999,413) Unfavourable step	▲ € 3.2 million
Cash	€ 151,950 Cash 2022: € 151,950 First fiscal year in the series	€ 59,172 Cash 2023: € 59,172 ▼ 61% vs 2022 (€ 151,950) Unfavourable step	€ 31,598 Cash 2024: € 31,598 ▼ 47% vs 2023 (€ 59,172) Unfavourable step	€ 143,905 Cash 2025: € 143,905 ▲ € 112,307 vs 2024 (€ 31,598) Favourable step	▲ € 112,307
Land & buildings	€ 67,486 Land & buildings 2022: € 67,486 First fiscal year in the series	€ 65,582 Land & buildings 2023: € 65,582 ▼ 3% vs 2022 (€ 67,486) Unchanged	€ 64,338 Land & buildings 2024: € 64,338 ▼ 2% vs 2023 (€ 65,582) Unchanged	€ 63,097 Land & buildings 2025: € 63,097 ▼ 2% vs 2024 (€ 64,338) Unchanged	▼ 2%
Retained profit	€ 357,317 Retained profit 2022: € 357,317 First fiscal year in the series	€ 168,391 Retained profit 2023: € 168,391 ▼ 53% vs 2022 (€ 357,317) Unfavourable step	€ -446,319 Retained profit 2024: € -446,319 ▼ € 614,711 vs 2023 (€ 168,391) Unfavourable step	€ -1,161,172 Retained profit 2025: € -1,161,172 ▼ € 714,853 vs 2024 (€ -446,319) Unfavourable step	▼ € 714,853
Dividend	€ 75,000 Dividend 2022: € 75,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 75,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 832,154 Bank debt 2022: € 832,154 First fiscal year in the series	€ 746,617 Bank debt 2023: € 746,617 ▼ 10% vs 2022 (€ 832,154) Favourable step	€ 606,644 Bank debt 2024: € 606,644 ▼ 19% vs 2023 (€ 746,617) Favourable step	€ 506,367 Bank debt 2025: € 506,367 ▼ 17% vs 2024 (€ 606,644) Favourable step	▼ 17%
Balance sheet total	€ 1,632,601 Balance sheet total 2022: € 1,632,601 First fiscal year in the series	€ 1,250,019 Balance sheet total 2023: € 1,250,019 ▼ 23% vs 2022 (€ 1,632,601) Unchanged	€ 653,094 Balance sheet total 2024: € 653,094 ▼ 48% vs 2023 (€ 1,250,019) Unchanged	€ 3,167,721 Balance sheet total 2025: € 3,167,721 ▲ € 2.5 million vs 2024 (€ 653,094) Unchanged	▲ € 2.5 million
Employees (FTE)	11.7 Employees (FTE) 2022: 11.7 First fiscal year in the series	9.5 Employees (FTE) 2023: 9.5 ▼ 2.2 vs 2022 (11.7) Unchanged	9.4 Employees (FTE) 2024: 9.4 ▼ 0.1 vs 2023 (9.5) Unchanged	24.9 Employees (FTE) 2025: 24.9 ▲ 15.5 vs 2024 (9.4) Unchanged	▲ 15.5

Key figures of KIPAN, 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 KIPAN?

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

Aug 3, 2026 New annual accounts for financial year 2025: loss of € 714,853. filed late Source: NBB ↗
2025 MASOMA BV became a director. NBB
2025 SUNPOWER@RENT BV stepped down as director. NBB
Jan 1, 2025 New establishment in Dentergem. KBO
2021 SUNPOWER@RENT BV became a director. NBB
May 12, 1993 New establishment in Kinrooi. KBO
Apr 27, 1993 Start of the company according to the CBE. KBO

In short

From € 80,196 profit in 2022 to € 714,853 loss in 2025.

Paid € 5,405 in corporate taxes since 2022.

Best year ever: 2022, with € 80,196 profit.

On average € 41,200 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

ANAF PRODUCTS 99.9%

SUNPOWER@RENT 0.1%

The stake of ANAF PRODUCTS, SUNPOWER@RENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

KIPAN

Behind KIPAN is MASOMA BV. The shares are held by ANAF PRODUCTS (99.9%) and SUNPOWER@RENT (0.1%).

Directors

According to the 2025 annual accounts

MASOMA BV

Director · represented by Frank Nees

Also active at: GCV, FENEKO, FGS, SUNPOWER@RENT

since 2025

SUNPOWER@RENT BV

Director · represented by Harald Van Geluwe

Also active at: ANAF PRODUCTS, GCV, Atrium

since 2021 · until 2025

Shareholders

ANAF PRODUCTS

99.9%

SUNPOWER@RENT

0.1%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Leuerbroek (Oph) 1028

3640 Kinrooi

2.367.331.025

Brugstraat(Oes) 14

8720 Dentergem

Active since 1 January 2025

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 →

ALRACON HOLDING

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

Details

Company number

0450.004.378

VAT number

BE 0450.004.378

Registered office

Leuerbroek (Oph) 1028, 3640 Kinrooi

Names & denominations

KIPAN

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

27 April 1993

Peppol

Active · Active since 26 Aug 2025

Activities · NACE

Vervaardiging van metalen deuren en vensters

Vervaardiging van metalen ramen, deuren, wanden en dergelijke

View on CBE Public ↗ Annual accounts (NBB) ↗

KIPAN

Warning lights

Financials

What happened to KIPAN?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions