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PIPELIFE BELGIUM

Active
Public limited companyfounded 1957active for 69 yearsBrasschaatsteenweg (C) 302, 2920 Kalmthout, BelgiumKBO/BCE: BE 0403.848.513
Summary

PIPELIFE BELGIUM has been active since 1957 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.4m and a net result of -€3.6m. Equity is shrinking by about 6.8% per year across the filed financial years. Its solvency ranks better than 25% of 229 sector peers (NACE 22, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisFollow ReportCompare
PIPELIFE BELGIUMActiveChecked score 65/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of rubber and plastic products
NACE 22210
Oldest company in Kalmthout, Manufacturing sector1 site
Size
€26.2mturnover 2025
Staff
43 FTE
Equity
€3.4m
Loss
-€3.6m
Financial health
65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Parent
Wienerberger AG
Board
5 members
  • StarJR BVManaging director · permanent representative Tom Deckers
Auditor: BV PwC Bedrijfsrevisoren2025 accounts 11 days early
Why 65raises riskLoss of €3.6m, the second in a row (financial year 2025)Sector: Manufacture of rubber and plastic products (NACE 22)Liquidity: current ratio 2.38, cash €118,944lowers riskLegal form: public limited companyShow the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 41% of its sector peers (NACE 22, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 55+31
equity 29.8% of total assets
Liquidity 42=
short-term debt 24.9% · cash 1.1%
Profitability 4-18
return on assets -31.6%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (161 companies, NACE 22, small)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● unchanged vs 11-2024 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 1.0%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 1.1%▲ +0.1 percentage points vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.9%▲ +0.8 percentage points vs 06-2025 08-2025: 1.9%● unchanged vs 07-2025 09-2025: 1.9%● unchanged vs 08-2025 10-2025: 1.9%● unchanged vs 09-2025 11-2025: 1.9%● unchanged vs 10-2025 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.8%▼ -0.1 percentage points vs 01-2026 03-2026: 1.9%▲ +0.1 percentage points vs 02-2026 04-2026: 1.9%● unchanged vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026 06-2026: 1.9%● unchanged vs 05-2026highest value 07-2026: 1.9%● unchanged vs 06-2026 08-2026: 1.1%▼ -0.8 percentage points vs 07-2026 09-2026: 1.1%● unchanged vs 08-2026 10-2026: 1.1%● unchanged vs 09-2026
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.38, compared with 2.54 in 2024, above the usual 1.5; short-term debt: 24.9% and cash: 1.1% of total assets), but 70.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, small): better than 30% on solvency, 41% on liquidity, 4% on profitability and 90% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €3.6m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Manufacture of rubber and plastic products (NACE 22)
KBO
raises risk · Liquidity: current ratio 2.38, cash €118,944
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 229 sector peers (2025).
NBB · sector comparison
Position among 229 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
11 days early
2024
44 days early
2023
35 days early
2022
47 days early
2021
20 days early
2020
30 days early
2019
26 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 22) for financial year 2024 is 14 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Deloitte Bedrijfsrevisoren (statutory auditor)Appointment: PwC Bedrijfsrevisoren BV (statutory…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet -€3.6m

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€3.6m View
  • Caution: Result fell in 2025from -€1.0m to -€3.6m ▼ 243% View
  • Caution: Among the weakest 5% on net resultsector median €155,118 · 229 companies -€3.6m View
  • Controlled by Wienerberger AGknown shareholders 100% parent View
  • Active since 1957founded 29-06-1957 69 years View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year
2025
Turnover
€26.2m
Loss
-€3.6m
Solvency
29.8%
Turnover▲ 4.7%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
Parent
Wienerberger AG
Known shareholders
100%
Auditor
BV PwC Bedrijfsrevisoren
  • Francisco MirandaDirector
  • Gabrielle RamDirector
  • StarJR BVManaging director
  • Goethals JoeriDirector
  • Star JR BVManaging director
Go to Board & ownership

Timeline

Events
72
Since
1978
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €2m
  2. 24-11-2025Reappointment: DELOITTE BEDRIJFSREVISOREN (statutory auditor)
  3. 17-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of rubber and plastic productsNACE 22210
Founded
29-06-1957
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“De vervaardiging en verkoop in groot- en kleinhandel van plastiekproducten onder alle vorm…” (deed in Dutch)
Go to Articles of association

Key facts about PIPELIFE BELGIUM

What is the company number of PIPELIFE BELGIUM?
0403.848.513. In Belgium the VAT number is the company number with BE in front: BE 0403.848.513.
Where is PIPELIFE BELGIUM based?
The registered office is at Brasschaatsteenweg (C) 302, 2920 Kalmthout.Company details
What does PIPELIFE BELGIUM do?
According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22210).
What is the legal form of PIPELIFE BELGIUM?
Public limited company (NV).
When was PIPELIFE BELGIUM founded?
On 29-06-1957.
Is PIPELIFE BELGIUM still active?
Yes, PIPELIFE BELGIUM is an active enterprise in the KBO register.
How many employees does PIPELIFE BELGIUM have?
On average 43 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PIPELIFE BELGIUM?
€26.2m in financial year 2025, according to the filed annual accounts.
Is PIPELIFE BELGIUM profitable?
In financial year 2025, PIPELIFE BELGIUM made a loss of €3.6m.
Where can I find the annual accounts of PIPELIFE BELGIUM?
PIPELIFE BELGIUM filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PIPELIFE BELGIUM due?
By 31-07-2027, for financial year 2026.Timeline

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