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 3 of the last 4 fiscal years.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
BAIPS from Nivelles, company number BE0765934566, closed financial year 2025 with a result of € 35,027 after tax. For that financial year BAIPS recorded a gross margin of € 478,272 and equity of € -491. Compared with financial year 2024, the result moved from € 28,998 to € 35,027. Profitable, and profit is growing. 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 27, 2026.
€ -491
▲ € 35,027 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,027
▲ 21% vs 2024
Profit after tax over the fiscal year.
€ 4,266
▼ 78% 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 € -75,491.
People and assets in 2025
5.3
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 426,444
▲ 24% vs 2024
€ 80,500 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.
€ 1,322
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 168,266
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 101,589
▲ 60% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 67,519 | € 291,823 | € 379,809 | € 478,272 | ▲ 26% |
| Profit after taxes | € -8,269 | € -126,833 | € 28,998 | € 35,027 | ▲ 21% |
| Equity | € 62,317 | € -64,515 | € -35,518 | € -491 | ▲ € 35,027 |
| Total debts | € 177,432 | € 287,514 | € 213,111 | € 269,854 | ▲ 27% |
| Cash | € 44,484 | € 14,781 | € 19,347 | € 4,266 | ▼ 78% |
| Retained profit | € -12,683 | € -139,515 | € -110,518 | € -75,491 | ▲ € 35,027 |
| Balance sheet total | € 239,749 | € 222,998 | € 177,593 | € 269,364 | ▲ 52% |
| Employees (FTE) | 1 | 4.8 | 4 | 5.3 | ▲ 1.3 |
Key figures of BAIPS, 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 BAIPS?
What happened at BAIPS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marcos Delgado Lopez stepped down as director. NBB
- Pierre-Philippe Barzin stepped down as director. NBB
- Juan Sanchez Chatar stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 35,027 (▲ 21% vs 2024). Source: NBB ↗
- Marcos Delgado Lopez became a director. NBB
- New establishment in Nivelles. KBO
- Pierre-Philippe Barzin became a director. NBB
- Juan Sanchez Chatar became a director. NBB
In short
From € 8,269 loss in 2022 to € 35,027 profit in 2025.
Paid € 9,330 in corporate taxes since 2022.
Best year ever: 2025, with € 35,027 profit.
On average € 90,200 of value added per employee in 2025.
A new publication or filing at BAIPS? 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 stake of GROUP-IPS, BAP Engineering comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAIPSThe shares are held by GROUP-IPS (51%) and BAP Engineering (39%).
Directors
According to the 2025 annual accounts
since 2023 · until 2027
Pierre-Philippe Barzin
Director
since 2021 · until 2027
since 2021 · until 2027
Shareholders
51%
39%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Robert Schuman 42
1401 Nivelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0765.934.566
- VAT number
- BE 0765.934.566
- Registered office
- Avenue Robert Schuman 42, 1401 Nivelles
- Names & denominations
- BAIPS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 2021
- Peppol
- Not registered
- Activities · NACE
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