What is the address of CIPAPI?

The registered office of CIPAPI is located at Vieille Cour 76, 1402 Nivelles.

Is CIPAPI still active?

Yes. According to the CBE (29 October 2026) CIPAPI is active, legal situation “Normale toestand”, started on 28 July 1999.

Is CIPAPI registered on Peppol?

Yes, CIPAPI is registered on the Peppol network with ID 0208:0466620577.

What is the enterprise number of CIPAPI?

The enterprise number of CIPAPI is BE0466620577.

When was CIPAPI founded?

CIPAPI was founded on 28 July 1999.

Who are the directors of CIPAPI?

According to the 2025 annual accounts, the directors of CIPAPI are: Sowl SA, Drinks, Food & Health, Iris Belgium, EXKi SA.

Is CIPAPI a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 28 July 1999; 4 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account; 2 establishments in the CBE.

How much profit did CIPAPI make in 2025?

CIPAPI posted a profit after taxes of € 602,254 in financial year 2025.

What is the revenue of CIPAPI?

In its most recent annual accounts (2025), CIPAPI reported revenue of € 13,888,797.

How much does an employee at CIPAPI earn?

The average wage cost per full-time employee at CIPAPI was € 51,400 in 2025: staff costs of € 2.6 million for 50 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CIPAPI have?

According to the 2025 annual accounts, CIPAPI has 50 full-time equivalents (FTE).

CIPAPI (Public Limited) - Nivelles - BE0466620577

Q: What does CIPAPI do?

CIPAPI is registered with the CBE as active in: Vervaardiging van verse vleeswaren en van vleesconserven. Public Limited, started on 28 July 1999, 2 establishments.

Dossier CIPAPI, printed on 29 October 2026 from databakkes.be/en/0466620577/cipapi. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

CIPAPI from Nivelles, company number BE0466620577, closed financial year 2025 with a result of € 602,254 after tax. For that financial year CIPAPI recorded revenue of € 13.9 million and equity of € 4.6 million. Compared with financial year 2024, the result moved from € 822,017 to € 602,254. The company is profitable. 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 October 30, 2025.

What it is worth Growing

€ 4.6 million

▲ 15% vs 2024

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

Profit Healthy

€ 602,254

▼ 27% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 458,133

▲ € 346,049 vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 4.4 million.

People and assets in 2025

Full-time equivalents

▼ 4.7 vs 2024

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.9 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.6 million

▲ 1% vs 2024

€ 51,400 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

€ 96,029

▼ 63% vs 2024

Book value of vehicles, furniture and equipment.

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.

€ 1.1 million

▼ 37% vs 2024

€ 581,036 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 1.8 million

▲ 52% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 64 days on average.

Taxes and wages

€ 430,523

▼ 8% 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
Revenue	€ 7,059,238 Revenue 2022: € 7,059,238 First fiscal year in the series	€ 12,269,845 Revenue 2023: € 12,269,845 ▲ 74% vs 2022 (€ 7,059,238) Favourable step	€ 14,102,182 Revenue 2024: € 14,102,182 ▲ 15% vs 2023 (€ 12,269,845) Favourable step	€ 13,888,797 Revenue 2025: € 13,888,797 ▼ 2% vs 2024 (€ 14,102,182) Unfavourable step	▼ 2%
Profit after taxes	€ -567,403 Profit after taxes 2022: € -567,403 First fiscal year in the series	€ 220,452 Profit after taxes 2023: € 220,452 ▲ € 787,855 vs 2022 (€ -567,403) Favourable step	€ 822,017 Profit after taxes 2024: € 822,017 ▲ 273% vs 2023 (€ 220,452) Favourable step	€ 602,254 Profit after taxes 2025: € 602,254 ▼ 27% vs 2024 (€ 822,017) Unfavourable step	▼ 27%
Equity	€ 2,941,366 Equity 2022: € 2,941,366 First fiscal year in the series	€ 3,161,818 Equity 2023: € 3,161,818 ▲ 7% vs 2022 (€ 2,941,366) Favourable step	€ 3,983,836 Equity 2024: € 3,983,836 ▲ 26% vs 2023 (€ 3,161,818) Favourable step	€ 4,585,659 Equity 2025: € 4,585,659 ▲ 15% vs 2024 (€ 3,983,836) Favourable step	▲ 15%
Total debts	€ 4,777,013 Total debts 2022: € 4,777,013 First fiscal year in the series	€ 4,730,564 Total debts 2023: € 4,730,564 ▼ 1% vs 2022 (€ 4,777,013) Favourable step	€ 3,434,991 Total debts 2024: € 3,434,991 ▼ 27% vs 2023 (€ 4,730,564) Favourable step	€ 3,350,159 Total debts 2025: € 3,350,159 ▼ 2% vs 2024 (€ 3,434,991) Favourable step	▼ 2%
Cash	€ 189,054 Cash 2022: € 189,054 First fiscal year in the series	€ 447,967 Cash 2023: € 447,967 ▲ 137% vs 2022 (€ 189,054) Favourable step	€ 112,084 Cash 2024: € 112,084 ▼ 75% vs 2023 (€ 447,967) Unfavourable step	€ 458,133 Cash 2025: € 458,133 ▲ € 346,049 vs 2024 (€ 112,084) Favourable step	▲ € 346,049
Land & buildings	€ 347,389 Land & buildings 2022: € 347,389 First fiscal year in the series	€ 296,468 Land & buildings 2023: € 296,468 ▼ 15% vs 2022 (€ 347,389) Unchanged	€ 245,847 Land & buildings 2024: € 245,847 ▼ 17% vs 2023 (€ 296,468) Unchanged	€ 195,385 Land & buildings 2025: € 195,385 ▼ 21% vs 2024 (€ 245,847) Unchanged	▼ 21%
Retained profit	€ 2,760,116 Retained profit 2022: € 2,760,116 First fiscal year in the series	€ 2,980,568 Retained profit 2023: € 2,980,568 ▲ 8% vs 2022 (€ 2,760,116) Favourable step	€ 3,802,586 Retained profit 2024: € 3,802,586 ▲ 28% vs 2023 (€ 2,980,568) Favourable step	€ 4,404,409 Retained profit 2025: € 4,404,409 ▲ 16% vs 2024 (€ 3,802,586) Favourable step	▲ 16%
Bank debt	€ 2,977,205 Bank debt 2022: € 2,977,205 First fiscal year in the series	€ 2,443,064 Bank debt 2023: € 2,443,064 ▼ 18% vs 2022 (€ 2,977,205) Favourable step	€ 1,791,557 Bank debt 2024: € 1,791,557 ▼ 27% vs 2023 (€ 2,443,064) Favourable step	€ 1,136,905 Bank debt 2025: € 1,136,905 ▼ 37% vs 2024 (€ 1,791,557) Favourable step	▼ 37%
Balance sheet total	€ 7,718,379 Balance sheet total 2022: € 7,718,379 First fiscal year in the series	€ 7,892,383 Balance sheet total 2023: € 7,892,383 ▲ 2% vs 2022 (€ 7,718,379) Unchanged	€ 7,418,827 Balance sheet total 2024: € 7,418,827 ▼ 6% vs 2023 (€ 7,892,383) Unchanged	€ 7,935,818 Balance sheet total 2025: € 7,935,818 ▲ 7% vs 2024 (€ 7,418,827) Unchanged	▲ 7%
Employees (FTE)	49.4 Employees (FTE) 2022: 49.4 First fiscal year in the series	54.5 Employees (FTE) 2023: 54.5 ▲ 5.1 vs 2022 (49.4) Unchanged	54.7 Employees (FTE) 2024: 54.7 ▲ 0.2 vs 2023 (54.5) Unchanged	50 Employees (FTE) 2025: 50 ▼ 4.7 vs 2024 (54.7) Unchanged	▼ 4.7

Key figures of CIPAPI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 August 2026.

What happened to CIPAPI?

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

Oct 30, 2025 New annual accounts for financial year 2025: profit of € 602,254 (▼ 27% vs 2024). filed late Source: NBB ↗
2025 Drinks, Food & Health stepped down as director. NBB
2025 Iris Belgium stepped down as director. NBB
2025 EXKi SA stepped down as director. NBB
2024 Sowl SA stepped down as director. NBB
2024 Iris Belgium became a director. NBB
2023 Drinks, Food & Health became a director. NBB
2020 Sowl SA became a director. NBB

In short

From € 567,403 loss in 2022 to € 602,254 profit in 2025.

Paid € 325,008 in corporate taxes since 2022.

Best year ever: 2024, with € 822,017 profit.

Pays suppliers within 64 days on average.

Original PDFs at the National Bank ↗

Management

EXKi 100%

Kengani 0%

CIPAPI

Kengani 24%

The shares are held by EXKi (100%) and Kengani (0%). It owns 24% of Kengani itself.

Directors

According to the 2025 annual accounts

Sowl SA

Director

since 2020 · until 2024

Drinks, Food & Health

Director · represented by Luc Dossche

Also active at: BIOLINE EUROPE, EXKI, SOWL

since 2023 · until 2025

Iris Belgium

Director · represented by Cyril Wolkonsky

Owns 100% via EXKi

Also active at: KENGANI, EXKI, SOWL

since 2024 · until 2025

EXKi SA

Managing director · represented by Stanislas Monheim

Also active at: HIGO, SOWL

since 2018 · until 2025

Shareholders

EXKi · holding of Iris Belgium

100%

Kengani

Participations

Kengani

24%

Establishments

Establishment units

Physical locations of this company

Registered office

Vieille Cour 76

1402 Nivelles

2.302.054.973

Avenue Thomas Edison 14

1402 Nivelles

Active since 15 June 2020

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

KENGANI same network

€ 448,926 revenue · 2026

CIPAKENGA

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

Details

Company number

0466.620.577

VAT number

BE 0466.620.577

Registered office

Vieille Cour 76, 1402 Nivelles

Names & denominations

CIPAPI

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

28 July 1999

Peppol

Active · Active since 26 Jan 2026

Activities · NACE

Vervaardiging van verse vleeswaren en van vleesconserven

Vervaardiging van producten van vlees of van vlees van gevogelte

Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden

Fastfoodzaken, snackbars, frituren en dergelijke

Eetgelegenheden met beperkte bediening

Catering van evenementen

Uitzendkoks en verzorgen van feesten en recepties

View on CBE Public ↗ Annual accounts (NBB) ↗

CIPAPI

Financials

What happened to CIPAPI?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions