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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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BPN Invest from Merelbeke-Melle, company number BE0875534074, closed financial year 2025 with a result of € -4,810 after tax. For that financial year BPN Invest recorded a gross margin of € 13,738 and equity of € -17,354. Compared with financial year 2024, the result moved from € -4,744 to € -4,810. 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 22, 2026.
€ -17,354
▼ € 4,810 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,810
▼ 1 % more loss than in 2024
Profit after tax over the fiscal year.
€ 112
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -82,354.
Debts at end 2025
€ 150,637
▼ 6% vs 2024
€ 9,074 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 4,012
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 12,655 | € 10,415 | € 13,898 | € 13,738 | ▼ 1% |
| Profit after taxes | € -1,828 | € -4,679 | € -4,744 | € -4,810 | ▼ € 66 |
| Equity | € -3,120 | € -7,799 | € -12,543 | € -17,354 | ▼ € 4,810 |
| Total debts | € 266,730 | € 263,058 | € 259,288 | € 254,837 | ▼ 2% |
| Cash | € 198 | € 10 | € 360 | € 112 | ▼ 69% |
| Land & buildings | € 285,804 | € 275,990 | € 266,176 | € 256,362 | ▼ 4% |
| Retained profit | € -68,120 | € -72,799 | € -77,543 | € -82,354 | ▼ € 4,810 |
| Bank debt | € 176,554 | € 168,121 | € 159,492 | € 150,637 | ▼ 6% |
| Balance sheet total | € 286,074 | € 276,772 | € 267,308 | € 257,096 | ▼ 4% |
Key figures of BPN Invest, 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 BPN Invest?
What happened at BPN Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Anne Schmid stepped down as director. NBB
- Jean-Michel Baetslé stepped down as director. NBB
- Pierre Baetslé stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4,810. Source: NBB ↗
- Jean-Michel Baetslé became a director. NBB
- Pierre Baetslé became a director. NBB
- Anne Schmid became a director. NBB
- New establishment in Merelbeke-Melle. KBO
In short
From € 1,828 loss in 2022 to € 4,810 loss in 2025.
A new publication or filing at BPN Invest? 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 BASCH comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BPN InvestThe shares are held by BASCH (50%).
Directors
According to the 2025 annual accounts
Jean-Michel Baetslé
Director
Also active at: BAETAN, BASCH, GREEN4POWER, WESTERN WALLONIA WIND & ENERGY, PerPetum Europe, COMATEX, AS SERVICES, Green for Power - Hélios +2 more
since 2012 · until 2029
since 2012 · until 2029
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Molenstraat 73
9820 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0875.534.074
- VAT number
- BE 0875.534.074
- Registered office
- Molenstraat 73, 9820 Merelbeke-Melle
- Names & denominations
- BPN Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 August 2005
- Peppol
- Active · Active since 30 Jan 2025