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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 17.2 to 6.
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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Pexip Belgium from Gent, company number BE0537590925, closed financial year 2025 with a result of € -461,888 after tax. For that financial year Pexip Belgium recorded a gross margin of € 1.4 million and equity of € -13.7 million. Compared with financial year 2024, the result moved from € -2.2 million to € -461,888. 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 July 1, 2026.
€ -13.7 million
▼ € 461,888 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -461,888
▲ 79 % less loss than in 2024
Profit after tax over the fiscal year.
€ 155,113
▲ € 123,408 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -14.6 million.
People and assets in 2025
6
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 866,483
▼ 40% vs 2024
€ 144,400 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.
€ 10,162
▼ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 12.6 million
▲ 8% vs 2024
€ 150,000 is repaid this year. At this pace the long-term loan is gone in ≈ 84 years.
€ 175,148
▼ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 282,985
▲ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 52,054 | € 729,687 | € 764,946 | € 1,366,628 | ▲ 79% |
| Profit after taxes | € -3,750,187 | € -4,420,328 | € -2,221,462 | € -461,888 | ▲ € 1.8 million |
| Equity | € -6,589,193 | € -11,009,521 | € -13,230,982 | € -13,692,871 | ▼ € 461,888 |
| Total debts | € 10,017,178 | € 12,757,633 | € 14,715,402 | € 15,074,463 | ▲ 2% |
| Cash | € 202,934 | € 269,401 | € 31,705 | € 155,113 | ▲ € 123,408 |
| Retained profit | € -7,488,077 | € -11,908,405 | € -14,129,867 | € -14,591,755 | ▼ € 461,888 |
| Bank debt | € 7,820,912 | € 11,008,553 | € 11,727,269 | € 12,638,981 | ▲ 8% |
| Balance sheet total | € 3,427,985 | € 1,748,113 | € 1,484,420 | € 1,381,592 | ▼ 7% |
| Employees (FTE) | 25.3 | 17.2 | 6.8 | 6 | ▼ 0.8 |
Key figures of Pexip Belgium, 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 Pexip Belgium?
What happened at Pexip Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Beate Nygardshaug stepped down as director. NBB
- Kristin Minsas stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 461,888. Source: NBB ↗
- Beate Nygardshaug became a director. NBB
- Kristin Minsas became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.8 million loss in 2022 to € 461,888 loss in 2025.
Paid € 8,024 in corporate taxes since 2022.
On average € 227,800 of value added per employee in 2025.
Management
The shares are held by PEXIP AS (100%).
Directors
According to the 2025 annual accounts
Beate Nygardshaug
Director
since 2024 · until 2030
Kristin Minsas
Director
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zuiderlaan 1-3 box 5
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →PAEPSEM
€ 788,648 revenue · 2025
DE COLVENAER
€ 126,511 revenue · 2025
remedent
€ 62,168 revenue · 2025
Condor Technologies
€ 2,092 revenue · 2025
Biotech Dental Benelux
€ 175,643 gross margin · 2025
+15 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
- 0537.590.925
- VAT number
- BE 0537.590.925
- Registered office
- Zuiderlaan 1-3 bus 5, 9000 Gent
- Names & denominations
- Pexip Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 August 2013
- Peppol
- Active · Active since 27 May 2025
- Activities · NACE
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