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.
€ 4.6 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 602,254
▼ 27% vs 2024
Profit after tax over the fiscal year.
€ 458,133
▲ € 346,049 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.4 million.
People and assets in 2025
50
▼ 4.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 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.
€ 96,029
▼ 63% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 37% vs 2024
€ 581,036 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 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.
€ 430,523
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,059,238 | € 12,269,845 | € 14,102,182 | € 13,888,797 | ▼ 2% |
| Profit after taxes | € -567,403 | € 220,452 | € 822,017 | € 602,254 | ▼ 27% |
| Equity | € 2,941,366 | € 3,161,818 | € 3,983,836 | € 4,585,659 | ▲ 15% |
| Total debts | € 4,777,013 | € 4,730,564 | € 3,434,991 | € 3,350,159 | ▼ 2% |
| Cash | € 189,054 | € 447,967 | € 112,084 | € 458,133 | ▲ € 346,049 |
| Land & buildings | € 347,389 | € 296,468 | € 245,847 | € 195,385 | ▼ 21% |
| Retained profit | € 2,760,116 | € 2,980,568 | € 3,802,586 | € 4,404,409 | ▲ 16% |
| Bank debt | € 2,977,205 | € 2,443,064 | € 1,791,557 | € 1,136,905 | ▼ 37% |
| Balance sheet total | € 7,718,379 | € 7,892,383 | € 7,418,827 | € 7,935,818 | ▲ 7% |
| Employees (FTE) | 49.4 | 54.5 | 54.7 | 50 | ▼ 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:
- New annual accounts for financial year 2025: profit of € 602,254 (▼ 27% vs 2024). filed late Source: NBB ↗
- Drinks, Food & Health stepped down as director. NBB
- Iris Belgium stepped down as director. NBB
- EXKi SA stepped down as director. NBB
- Sowl SA stepped down as director. NBB
- Iris Belgium became a director. NBB
- Drinks, Food & Health became a director. NBB
- 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.
A new publication or filing at CIPAPI? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by EXKi (100%) and Kengani (0%). It owns 24% of Kengani itself.
Directors
According to the 2025 annual accounts
Director
since 2020 · until 2024
Director · represented by Luc Dossche
Also active at: BIOLINE EUROPE, EXKI, SOWL
since 2023 · until 2025
Director · represented by Cyril Wolkonsky
Owns 100% via EXKi
since 2024 · until 2025
Participations
24%
Establishments
Establishment units
Physical locations of this company
Vieille Cour 76
1402 Nivelles
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 →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