Equity
-€15.0m
Debts exceed assets in financial year 2026.
BIPA
Lifetime
19 annual accounts with figures on one time axis, 26 filings since 1999peak €1.2m (2026)
€1.2m▲ €3.1m
lowest -€4.0m (2025)
-€656,627▲ €3.3m
peak €307,377 (2014)
-€15.0m▼ €656,627
€18.3m▲ 11.2%
peak 4.2 FTE (2020)
3 FTE▼ 18.9%
Board12 names since 2016
6 directors and 5 others
Owners
Documentsfilings and deeds
04-11-202626 days before the deadline
2026abbreviated format
Gross margin from -€2.0m to €1.2mLoss of €656,627Staff from 3.7 FTE to 3 FTECash from €252,091 to €23,720
Key points
from the 2026 annual accountsLosses
-€15.3m in twelve years
Every financial year from 2015 to 2026 closed with a loss. 2025 was the heaviest.
Debts
€18.3m 548% of the balance sheet
Financial debts 67%Suppliers 20%Taxes and wages 0%Other 13%
Of this, €3.8m falls due within a year.
Liquidity
0.54 was 0.11 in 2025
Short-term debts rose from €3.1m to €3.8m.
Filings
26 annual accounts since 1999
The last five annual accounts were filed 21 to 61 days before the end of the period.
Position in the sector
-448.1%
Lower solvency than 95% of companies in wholesale trade. Sector median 45.7% · 643 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,618 companies had the same profile as BIPA has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,618 companies, not a prediction for BIPA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Chair
Director,
Director, , since 23-09-2025
Director, , since 23-09-2025
Director, since 23-09-2025
Director, , since 23-09-2025
- 35.82%score equity €20.6m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0466053326
New chair of the board
appointed, resigned · Permanent representative: · Director discharge: · Board meeting of 30-10-2020 · Gazette deed
2 directors appointed, 2 resignations, 5 reappointments
Reappointments: , , , and · Permanent representatives: , , , and · Appointments: and · General meeting of 07-07-2020 · Gazette deed
1 director appointed, 1 resignation
Resignation: · Appointment: . · Permanent representatives: and · General meeting of 22-06-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BIPA Londerzeel | €3.3m | €1.2m | -448.1% | 3 |
| SPOELDERS Mechelen | €3.1m | €0.8m | 46.3% | 3 |
| Maertens - Vynckier Izegem | €2.9m | €0.8m | 69.5% | 4.5 |
| BOONE Opwijk | €4.1m | €1.4m | 83.0% | 5.9 |
| KEMELS Tienen | €3.6m | €0.7m | 21.5% | 4.1 |
| SPODEN TH. Amblève | €3.0m | €0.7m | 81.6% | 3.6 |
| DONKERS PAUL EN ELS Essen | €3.8m | €1.0m | 85.9% | 2.3 |
These companies have the same main activity as BIPA: wholesale of agricultural produce and animal feed, general range (NACE 46216). They are comparable in size and age: total assets between €2.9m and €4.1m, founded between 1993 and 2004.
Official details
Source: KBO- Status
- Active since 12-05-1999Normal situation
- Activity
- Wholesale of agricultural produce and animal feed, general rangeNACE 46216and 1 other
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry · annual accounts 30-04-2026
- Establishment unit
- 2.091.755.3121840 Londerzeel, since 29-07-1999
- Financial year end
- 30 April
- Peppol
- Reachable since 31-12-2025
Annual accounts to 30-04-2026
- ≈ €4.9mestimated
- €3.3m▲ 54.9%
- Employeeson 30-04-2026
- 3=
- Filing
- Filed on 04-11-2026, 26 days before the end of the filing period
Insights on BIPA
BIPA files the abbreviated format. That format states no turnover. The gross margin rose from €11,895 in 2007 to €1.2m in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BIPA
- What is the company number of BIPA?
- The company number of BIPA is 0466.053.326. The VAT number is the same number with BE in front: BE 0466.053.326.
- Where is BIPA based?
- The registered office is at Technologielaan 7, 1840 Londerzeel.Company details
- What does BIPA do?
- According to the KBO register, the main activity is wholesale of agricultural produce and animal feed, general range (NACE 46216).
- What is the legal form of BIPA?
- BIPA is a public limited company (NV).
- When was BIPA founded?
- BIPA was founded on 12-05-1999.
- Is BIPA still active?
- Yes, BIPA is an active enterprise in the KBO register.
- How many employees does BIPA have?
- BIPA had an average of 3 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does BIPA fall under?
- In its 30-04-2026 annual accounts, BIPA states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
- What is the turnover of BIPA?
- The turnover in financial year 2026 is ≈ €4.9m. This figure is estimated from the gross margin of €1.2m and 98 comparable companies (NACE 46). It probably lies between €2.9m and €8.2m.
- Is BIPA profitable?
- In financial year 2026, BIPA made a loss of €656,627.
- Where can I find the annual accounts of BIPA?
- BIPA filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of BIPA due?
- BIPA must file the annual accounts for financial year 2027 by 30-11-2027.Timeline
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