Financials
Financial year 2025
Piping & Process Solutions from Lummen, company number BE0832689570, closed financial year 2025 with a result of € 308,477 after tax. For that financial year Piping & Process Solutions recorded a gross margin of € 1 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 250,528 to € 308,477. Profitable, and profit is growing. 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 January 22, 2026.
€ 1.6 million
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 308,477
▲ 23% vs 2024
Profit after tax over the fiscal year.
€ 973,855
▼ 12% 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 € 1.6 million.
People and assets in 2025
8.3
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 507,222
▲ 16% vs 2024
€ 61,100 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.
€ 53,680
▲ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23,032
▼ 40% vs 2024
€ 14,367 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 621,894
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 215,929
▲ 178% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,039,517 | € 716,244 | € 793,361 | € 1,002,450 | ▲ 26% |
| Profit after taxes | € 367,474 | € 216,072 | € 250,528 | € 308,477 | ▲ 23% |
| Equity | € 861,674 | € 1,077,747 | € 1,328,275 | € 1,636,752 | ▲ 23% |
| Total debts | € 543,848 | € 1,185,344 | € 1,169,226 | € 860,855 | ▼ 26% |
| Cash | € 548,603 | € 670,629 | € 1,105,800 | € 973,855 | ▼ 12% |
| Land & buildings | - | € 20,057 | € 0 | - | |
| Retained profit | € 841,674 | € 1,057,747 | € 1,306,275 | € 1,614,752 | ▲ 24% |
| Bank debt | € 0 | € 40,057 | € 38,519 | € 23,032 | ▼ 40% |
| Balance sheet total | € 1,566,426 | € 2,350,434 | € 2,497,501 | € 2,497,607 | |
| Employees (FTE) | 7.3 | 7.7 | 7.2 | 8.3 | ▲ 1.1 |
Key figures of Piping & Process Solutions, 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 January 2027.
What happened to Piping & Process Solutions?
What happened at Piping & Process Solutions in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 308,477 (▲ 23% vs 2024). Source: NBB ↗
- WENDY MAES became a director. NBB
- JAN MICHIELS became a director. NBB
- New establishment in Lummen. KBO
- Start of the company according to the CBE. KBO
In short
From € 367,474 profit in 2022 to € 308,477 profit in 2025.
Paid € 504,552 in corporate taxes since 2022.
Best year ever: 2022, with € 367,474 profit.
On average € 120,800 of value added per employee in 2025.
A new publication or filing at Piping & Process Solutions? 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
Behind Piping & Process Solutions are JAN MICHIELS and WENDY MAES. The same people are also behind Michiels Projects & Management.
Directors
According to the 2025 annual accounts
since 2023
since 2024
Establishments
Establishment units
Physical locations of this company
Larenstraat 90
3560 Lummen
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
- 0832.689.570
- VAT number
- BE 0832.689.570
- Registered office
- Larenstraat 90, 3560 Lummen
- Names & denominations
- Piping & Process Solutions · P.P.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 2011
- Peppol
- Active · Active since 31 Aug 2023
- Activities · NACE
Verspanend bewerken van metalen
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Overige werkzaamheden in verband met de afwerking van gebouwen
Overige bouwinstallatie
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Sanitaire werkzaamheden
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
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