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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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CIPAS from Dessel, company number BE0847415061, closed financial year 2025 with a result of € 303,837 after tax. For that financial year CIPAS recorded a gross margin of € 555,213 and equity of € 554,783. Compared with financial year 2024, the result moved from € 40,170 to € 303,837. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 554,783
▲ 121% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 303,837
▲ € 263,667 vs 2024
Profit after tax over the fiscal year.
€ 51,983
▼ 47% 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 € 548,583.
People and assets in 2025
€ 521
▼ 99% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 19,608
▼ 59% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.1 million
▲ € 1.7 million vs 2024
€ 160,678 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 17,538
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,731
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 161,537 | € 254,258 | € 240,977 | € 555,213 | ▲ 130% |
| Profit after taxes | € 33,391 | € 48,394 | € 40,170 | € 303,837 | ▲ € 263,667 |
| Equity | € 162,382 | € 210,777 | € 250,946 | € 554,783 | ▲ 121% |
| Total debts | € 629,406 | € 613,050 | € 541,797 | € 2,221,422 | ▲ € 1.7 million |
| Cash | € 138,208 | € 114,242 | € 98,495 | € 51,983 | ▼ 47% |
| Land & buildings | € 524,730 | € 494,260 | € 467,288 | € 1,771,240 | ▲ 279% |
| Retained profit | € 156,182 | € 204,577 | € 244,746 | € 548,583 | ▲ 124% |
| Bank debt | € 483,439 | € 507,445 | € 431,077 | € 2,100,001 | ▲ € 1.7 million |
| Balance sheet total | € 791,789 | € 823,827 | € 792,743 | € 2,870,034 | ▲ 262% |
By gross margin, CIPAS ranks 5th of 42 companies with main activity “Verhuur en lease van sport- en recreatieartikelen” in the province of Antwerp that publish figures (fiscal year 2025).
Key figures of CIPAS, 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.
Ask about CIPAS the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to CIPAS?
What happened at CIPAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 303,837 (▲ € 263,667 vs 2024). filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Dessel. KBO
In short
From € 33,391 profit in 2022 to € 303,837 profit in 2025.
Paid € 46,686 in corporate taxes since 2022.
Best year ever: 2025, with € 303,837 profit.
Management
Behind CIPAS is Pascal Faes.
Directors
According to the 2025 annual accounts
Pascal Faes
Director
Establishments
Establishment units
Physical locations of this company
Boeretangsedreef 98
2480 Dessel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in the province of Antwerp
Same main activity (Verhuur en lease van sport- en recreatieartikelen), 78 active companies in the province of Antwerp, largest first.
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€ 1.8 million gross margin · 2025 · Herentals
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Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
Website info
Features
Security
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- FAES Pascal Jan Anna(oprichter) 99.5%
- ALEN Cindy(oprichter) 0.5%
Details
- Company number
- 0847.415.061
- VAT number
- BE 0847.415.061
- Registered office
- Boeretangsedreef 98, 2480 Dessel
- Names & denominations
- CIPAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 2012
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- boeretang.be
- Activities · NACE
Verhuur en lease van sport- en recreatieartikelen
Activiteiten van holdings
Groothandel in niet-elektrische huishoudelijke artikelen
Verhuur en lease van vaat- en glaswerk, keuken- en tafelgerei, elektrische huishoudapparaten en andere huishoudelijke benodigdheden
Detailhandel in onderdelen en accessoires van motorvoertuigen
Detailhandel in andere huishoudelijke artikelen, neg
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Handelsbemiddeling in de niet-gespecialiseerde groothandel
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