CIPPENS
Annual accounts 2025
micro format, filed on 02-07-2026, 29 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €710,000. Estimated: probably between €460,000 and €1.2m.
Balance sheet
balance sheet total €222,173 on 31-12-2025in euro
in euro
Position in the sector
31.0%
Higher than 48% of 22,924 companies in 2025.
1.36
Higher than 47% of 22,052 companies in 2025.
27.9%
Higher than 90% of 22,202 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€21,151
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
222,173 | 217,287 | 221,825 | 224,441 | |
21/28 |
104,490 | 139,665 | 174,841 | 199,611 | |
21 |
36,766 | 49,094 | 61,422 | 73,749 | |
22/27 |
66,340 | 89,188 | 112,035 | 124,477 | |
23 |
16,716 | 22,493 | 28,270 | 34,046 | |
24 |
49,624 | 66,695 | 83,765 | 90,431 | |
28 |
1,384 | 1,384 | 1,384 | 1,384 | |
29/58 |
117,683 | 77,622 | 46,984 | 24,830 | |
3 |
3,927 | 4,071 | 2,551 | 3,323 | |
30/36 |
3,927 | 4,071 | 2,551 | 3,323 | |
40/41 |
1,053 | 826 | 101 | 2,388 | |
41 |
1,053 | 826 | 101 | 2,388 | |
54/58 |
112,554 | 72,154 | 44,313 | 19,120 | |
490/1 |
149 | 570 | 19 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
222,173 | 217,287 | 221,825 | 224,441 | |
10/15 |
68,983 | 56,924 | 31,519 | 10,496 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
13 |
60,000 | 50,000 | 25,000 | 5,000 | |
133 |
60,000 | 50,000 | 25,000 | 5,000 | |
14 |
3,983 | 1,924 | 1,519 | 496 | |
17/49 |
153,191 | 160,363 | 190,306 | 213,945 | |
17 |
64,418 | 88,858 | 112,882 | 136,497 | |
170/4 |
64,418 | 88,858 | 112,882 | 136,497 | |
42/48 |
86,733 | 71,505 | 77,424 | 77,203 | |
42 |
24,440 | 24,024 | 23,615 | 23,212 | |
44 |
720 | 10,436 | 8,030 | 10,697 | |
440/4 |
720 | 10,436 | 8,030 | 10,697 | |
45 |
2,791 | 9,466 | 7,554 | 2,766 | |
450/3 |
2,615 | 8,155 | 7,554 | 1,799 | |
454/9 |
176 | 1,311 | - | 968 | |
47/48 |
58,782 | 27,580 | 38,225 | 40,528 | |
492/3 |
2,040 | - | - | 245 | |
| Income statement | |||||
9900 |
142,095 | 95,139 | 87,475 | 62,790 | |
62 |
21,151 | 20,231 | 19,351 | 14,818 | |
630 |
35,175 | 35,175 | 34,450 | 32,255 | |
640/8 |
1,104 | 1,185 | 433 | 1,023 | |
9901 |
84,665 | 38,547 | 33,240 | 14,694 | |
75/76B |
439 | 328 | - | 0 | |
75 |
439 | 328 | - | 0 | |
65/66B |
6,966 | 6,664 | 6,594 | 7,979 | |
65 |
6,966 | 6,664 | 6,594 | 7,979 | |
9903 |
78,138 | 32,212 | 26,646 | 6,715 | |
67/77 |
16,079 | 6,807 | 5,624 | 1,218 | |
9904 |
62,059 | 25,405 | 21,022 | 5,496 | |
9905 |
62,059 | 25,405 | 21,022 | 5,496 | |
| Appropriation of the result | |||||
9906 |
63,983 | 26,924 | 21,519 | 5,496 | |
14P |
1,924 | 1,519 | 496 | - | |
791/2 |
50,000 | - | - | - | |
691/2 |
60,000 | 25,000 | 20,000 | 5,000 | |
6921 |
60,000 | 25,000 | 20,000 | 5,000 | |
694/7 |
50,000 | - | - | - | |
694 |
50,000 | - | - | - | |
| Social balance sheet | |||||
9087 |
1 | 1 | 1 | - | |
Hours worked1013 |
806 | 815 | 824 | - | |
| Document | |||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 119,840 | 73,723 | 67,691 | 46,949 | ||
| 97,234 | 60,580 | 55,473 | 37,752 | ||
| 0 | 0 | 9,680 | 231,866 | ||
| 40,399 | 27,842 | 25,193 | - | ||
| 30,950 | 6,117 | -30,440 | -52,373 | ||
| 31.0% | 26.2% | 14.2% | 4.7% | ||
| 1.36 | 1.09 | 0.61 | 0.32 | ||
| 1.31 | 1.03 | 0.57 | 0.28 | ||
| 2.22 | 2.82 | 6.04 | 20.38 | ||
| 90.0% | 44.6% | 66.7% | 52.4% | ||
| 27.9% | 11.7% | 9.5% | 2.4% | ||
| 17.20 | 11.06 | 10.27 | 5.88 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 |
| in full-time equivalents | 0.5 | 0.5 | 0.5 |
| 0.5 | 0.5 | 0.5 | |
| On a permanent contract | 1 | 1 | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €9,680 | €144,557 |
| Intangible fixed assets | - | - | - | €85,925 |
| Financial fixed assets | - | - | - | €1,384 |
| €35,175 | €35,175 | €34,450 | €32,255 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on CIPPENS
The operating result for 2025 is 120% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Debt's share of the balance-sheet total falls from 73.8% to 69.0%. Equity is higher and debt is lower.