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 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BSI Pipe Systems from Seneffe, company number BE0892546191, closed financial year 2025 with a result of € -427,692 after tax. For that financial year BSI Pipe Systems recorded revenue of € 6 million and equity of € 5.2 million. Compared with financial year 2024, the result moved from € 127,504 to € -427,692. The company made a loss. 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 July 8, 2026.
€ 5.2 million
▲ 227% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -427,692
▼ still € 127,504 profit in 2024
Profit after tax over the fiscal year.
€ 83,981
▲ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -900,026.
People and assets in 2025
14.2
Average over the fiscal year, from the social balance sheet.
€ 943,794
€ 66,500 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.
€ 3.9 million
Of which on lease € 3.6 million.
Debts at end 2025
€ 3.3 million
€ 716,445 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 908,507
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 70 days on average.
€ 178,753
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 5,974,235 | |
| Gross margin | € 161,430 | € 161,384 | € 76,163 | - | |
| Profit after taxes | € 171,953 | € 202,324 | € 127,504 | € -427,692 | ▼ € 555,196 |
| Equity | € 1,259,838 | € 1,462,162 | € 1,589,666 | € 5,196,276 | ▲ 227% |
| Total debts | € 2,905 | € 3,662 | € 0 | € 4,358,468 | |
| Cash | € 49,491 | € 10,250 | € 47,020 | € 83,981 | ▲ 79% |
| Land & buildings | - | - | - | € 19,000 | |
| Retained profit | € -802,162 | € -599,838 | € -472,334 | € -900,026 | ▼ € 427,692 |
| Bank debt | € 0 | € 0 | € 0 | € 3,271,207 | |
| Balance sheet total | € 1,262,743 | € 1,465,825 | € 1,589,666 | € 9,554,743 | ▲ € 8 million |
| Employees (FTE) | - | - | - | 14.2 |
Key figures of BSI Pipe Systems, 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 BSI Pipe Systems?
What happened at BSI Pipe Systems in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Christiaan DEPOORTER stepped down as director. NBB
- BREMHOVE SA stepped down as director. NBB
- Enzo IDE stepped down as director. NBB
- Jacky BONAMI stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 427,692 (▼ € 555,196 vs 2024). Source: NBB ↗
- Christiaan DEPOORTER became a director. NBB
- BREMHOVE SA became a director. NBB
- Enzo IDE became a director. NBB
In short
From € 171,953 profit in 2022 to € 427,692 loss in 2025.
Best year ever: 2023, with € 202,324 profit.
Pays suppliers within 70 days on average.
Management
The stake of B.S.I. BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BSI Pipe SystemsThe shares are held by BSI SA (100%) and B.S.I. BELGIUM (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Joris IDE
Owns 100% via B.S.I. BELGIUM
Also active at: FONDATEL LECOMTE, Outilac, Aug. Lebeau-Courally, The Horizon Company, Verkoop en Fabricatie van Metaalprodukten, Charles De Munter, IMMO WILI, DEMBO +37 more
since 2023 · until 2029
Enzo IDE
Director
Also active at: Outilac, Aug. Lebeau-Courally, The Horizon Company, Charles De Munter, IMMO WILI, DEMBO, INVEST ZEDELGEM, VALAINE +16 more
since 2023 · until 2029
Jacky BONAMI
Director
Also active at: FONDATEL LECOMTE, Outilac, Aug. Lebeau-Courally, The Horizon Company, Verkoop en Fabricatie van Metaalprodukten, Charles De Munter, IMMO WILI, DEMBO +32 more
since 2023 · until 2029
Shareholders
100%
B.S.I. BELGIUM · holding of BREMHOVE SA
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue George Stephenson 25
7180 Seneffe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0892.546.191
- VAT number
- BE 0892.546.191
- Registered office
- Rue George Stephenson 25, 7180 Seneffe
- Names & denominations
- BSI Pipe Systems
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 2007
- Peppol
- Active · Active since 29 May 2026
- Activities · NACE
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