Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PIP-MARGRAFF from Sankt Vith, company number BE0862373649, closed financial year 2025 with a result of € 84,761 after tax. For that financial year PIP-MARGRAFF recorded a gross margin of € 1.7 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 147,759 to € 84,761. 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 August 31, 2026.
€ 2.2 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 84,761
▼ 43% vs 2024
Profit after tax over the fiscal year.
€ 147,616
▼ 83% 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 € 2 million.
People and assets in 2025
48.4
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 4% vs 2024
€ 22,500 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.
€ 43,067
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 19% vs 2024
€ 243,787 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 154,891
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 121,997
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,356,202 | € 1,543,019 | € 1,659,178 | € 1,671,991 | ▲ 1% |
| Profit after taxes | € 180,714 | € 209,996 | € 147,759 | € 84,761 | ▼ 43% |
| Equity | € 1,733,177 | € 1,945,179 | € 2,122,141 | € 2,193,798 | ▲ 3% |
| Total debts | € 2,194,764 | € 2,009,579 | € 1,656,216 | € 1,417,958 | ▼ 14% |
| Cash | € 704,119 | € 614,665 | € 859,475 | € 147,616 | ▼ 83% |
| Land & buildings | € 1,420,397 | € 1,430,276 | € 1,350,792 | € 2,010,566 | ▲ 49% |
| Retained profit | € 1,521,217 | € 1,731,213 | € 1,883,134 | € 1,967,894 | ▲ 5% |
| Bank debt | € 1,966,378 | € 1,686,818 | € 1,411,712 | € 1,137,361 | ▼ 19% |
| Balance sheet total | € 3,940,413 | € 3,966,296 | € 3,788,963 | € 3,621,428 | ▼ 4% |
| Employees (FTE) | 53.6 | 52.8 | 50.5 | 48.4 | ▼ 2.1 |
Key figures of PIP-MARGRAFF, 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 PIP-MARGRAFF?
What happened at PIP-MARGRAFF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Franz PIP stepped down as director. NBB
- Tanja PIP stepped down as director. NBB
- Monique GILMAN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 84,761 (▼ 43% vs 2024). filed late Source: NBB ↗
- New establishment in Sankt Vith. KBO
- Tanja PIP became a director. NBB
- New establishment in Sankt Vith. KBO
- New establishment in Sankt Vith. KBO
In short
From € 180,714 profit in 2022 to € 84,761 profit in 2025.
Paid € 98,608 in corporate taxes since 2022.
Best year ever: 2023, with € 209,996 profit.
On average € 34,500 of value added per employee in 2025.
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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
Directors
According to the 2025 annual accounts
Franz PIP
Managing director
since 2003 · until 2027
Tanja PIP
Director
since 2018 · until 2027
Monique GILMAN
Director
since 2003 · until 2027
Establishments
Establishment units
Physical locations of this company
Hauptstrasse 7
4780 Sankt Vith
Heckingstrasse 1
4780 Sankt Vith
Active since 22 May 2008
Major-Long-Strasse 2 B box 1
4780 Sankt Vith
Active since 1 April 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0862.373.649
- VAT number
- BE 0862.373.649
- Registered office
- Hauptstrasse 7, 4780 Sankt Vith
- Names & denominations
- PIP-MARGRAFF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2003
- Peppol
- Active · Active since 9 Oct 2025
- Activities · NACE
Hotels en motels, met restaurant
Hotels en dergelijke accommodatie
Activiteiten van eetgelegenheden met volledige bediening
Catering van evenementen
Uitzendkoks en verzorgen van feesten en recepties
Eetgelegenheden met volledige bediening