Active · per the CBE, 29 October 2026
BIPA logo

BIPA

BE0466053326

Rechtspersoon Public limited company 1 establishment

BIPA is a research organisation in Londerzeel. Public Limited, started on 12 May 1999, 1 establishment.

Technologielaan 7, 1840 Londerzeel certisbelchim.be

Active for

27 year, 5 months

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 4 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 9 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

BIPA from Londerzeel, company number BE0466053326, closed financial year 2025 with a result of € -4 million after tax. For that financial year BIPA recorded a gross margin of € -2 million and equity of € -14.3 million. Compared with financial year 2024, the result moved from € -3.3 million to € -4 million. 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 October 23, 2025.

What it is worth Caution

€ -14.3 million

▼ € 4 million vs 2024

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

Loss Caution

€ -4 million

▼ 20 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 252,091

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 € -14.4 million.

People and assets in 2025

Full-time equivalents

3.7

▼ 0.3 vs 2024

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

Wage cost

€ 354,363

▲ 4% vs 2024

€ 95,800 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.

Debts at end 2025

Bank debt

€ 12.2 million

▲ 20% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 2.9 million

▲ 73% vs 2024

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

Taxes and wages

€ 48,996

▲ 19% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Gross margin € -137,448 € -303,359 € -1,824,003 € -1,975,761 ▼ € 151,759
Profit after taxes € -1,044,714 € -1,342,048 € -3,281,879 € -3,951,925 ▼ € 670,046
Equity € -5,760,921 € -7,102,969 € -10,384,848 € -14,336,772 ▼ € 4 million
Total debts € 10,131,154 € 11,649,030 € 12,515,663 € 16,496,586 ▲ 32%
Cash € 96,262 € 237,199 - € 252,091
Retained profit € -5,823,142 € -7,165,190 € -10,447,069 € -14,398,994 ▼ € 4 million
Bank debt € 9,661,852 € 10,968,480 € 10,136,175 € 12,150,980 ▲ 20%
Balance sheet total € 4,370,233 € 4,546,061 € 2,130,816 € 2,159,813 ▲ 1%
Employees (FTE) 3 3.3 4 3.7 ▼ 0.3

Key figures of BIPA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 November 2026.

What happened to BIPA?

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

  • Belchim International Holdings BV stepped down as director. NBB
  • Belchim Management NV stepped down as director. NBB
  • New annual accounts for financial year 2025: loss of € 4 million. Source: NBB ↗
  • Amvac Netherlands B.V. BO stepped down as director. NBB
  • Troyerco BV stepped down as director. NBB
  • Paul Ruelens stepped down as director. NBB
  • Fertitrust NV stepped down as director. NBB
  • Koen Quaghebeur stepped down as director. NBB

In short

From € 1 million loss in 2022 to € 4 million loss in 2025.

Paid € 845 in corporate taxes since 2022.

Management

The stake of BELCHIM MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

BIPA

The shares are held by BELCHIM MANAGEMENT (35.8%).

Directors

According to the 2025 annual accounts

Belchim International Holdings BV

Director · represented by Sofie Putteman

since 2020 · until 2026

Amvac Netherlands B.V. BO

Director · represented by Peter Eilers

since 2019 · until 2025

Belchim Management NV

Director · represented by Steven Boone

since 2020 · until 2026

Troyerco BV

Managing director · represented by Johan De Saegher

since 2019 · until 2025

Paul Ruelens

Director

since 2020 · until 2025

Fertitrust NV

Director · represented by Peter Hrechdakian

since 2019 · until 2025

Koen Quaghebeur

Director

since 2019 · until 2025

Shareholders

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Technologielaan 7

1840 Londerzeel

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 →

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

Website

Technologies

NginxjQuery

Website info

HTTPS Ja
Languages EN

Features

Details

Company number
0466.053.326
VAT number
BE 0466.053.326
Registered office
Technologielaan 7, 1840 Londerzeel
Names & denominations
BIPA
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Normale toestand
Start date
12 May 1999
Peppol
Active · Active since 31 Dec 2025
Activities · NACE

Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied

Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment

Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied

Groothandel in granen, zaden en diervoeders

Frequently asked questions

What does BIPA do?
BIPA is a research organisation in Londerzeel. Public Limited, started on 12 May 1999, 1 establishment.
What is the address of BIPA?
The registered office of BIPA is located at Technologielaan 7, 1840 Londerzeel.
Is BIPA still active?
Yes. According to the CBE (29 October 2026) BIPA is active, legal situation “Normale toestand”, started on 12 May 1999.
Is BIPA registered on Peppol?
Yes, BIPA is registered on the Peppol network with ID 0208:0466053326.
What is the enterprise number of BIPA?
The enterprise number of BIPA is BE0466053326.
When was BIPA founded?
BIPA was founded on 12 May 1999.