Pipeprotector
Annual accounts 2025
abbreviated format, filed on 14-07-2026, 17 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €85,406 on 31-12-2025in euro
in euro
Position in the sector
-11.6%
Higher than 7% of 10,858 companies in 2025.
0.67
Higher than 27% of 10,480 companies in 2025.
-57.3%
Lower than 95% of 10,727 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: middle half
Staff
€63,778
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 1 person joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
85,406 | 55,964 | 31,885 | 38,357 | 83,967 | 80,571 | 82,673 | 41,876 | 40,001 | 28,319 | 30,141 | |
20 |
- | - | - | - | - | - | - | - | 201 | 403 | 604 | |
21/28 |
21,842 | 4,710 | 6,021 | 15,836 | 25,654 | 22,746 | 20,000 | - | - | - | 604 | |
21 |
15,734 | 7 | 247 | 7,746 | 15,246 | 22,746 | 20,000 | - | - | - | - | |
22/27 |
6,108 | 4,703 | 5,774 | 8,090 | 10,408 | - | - | - | - | - | - | |
23 |
4,145 | - | - | - | - | - | - | - | - | - | - | |
24 |
1,963 | 4,703 | 5,774 | 8,090 | 10,408 | - | - | - | - | - | - | |
29/58 |
63,564 | 51,254 | 25,865 | 22,521 | 58,312 | 57,825 | 62,673 | 41,876 | 39,799 | 27,917 | 29,537 | |
3 |
27,169 | 10,787 | 10,960 | 10,695 | 13,995 | 16,921 | 9,248 | 1,614 | - | - | 9,324 | |
30/36 |
27,169 | 10,787 | 10,960 | 10,695 | 13,995 | 16,921 | 9,248 | 1,614 | - | - | 9,324 | |
40/41 |
17,312 | 35,265 | 4,736 | 2,966 | 21,946 | 6,556 | 36,682 | 22,703 | 27,078 | 9,596 | 3,898 | |
40 |
17,217 | 34,566 | 4,657 | 2,966 | 21,253 | 3,362 | 31,933 | 19,243 | 19,678 | 7,002 | 2,000 | |
41 |
95 | 699 | 79 | 0 | 693 | 3,195 | 4,749 | 3,460 | 7,400 | 2,594 | 1,898 | |
54/58 |
18,417 | 4,926 | 9,168 | 8,860 | 22,371 | 34,348 | 16,743 | 17,559 | 5,602 | 18,320 | 16,315 | |
490/1 |
667 | 276 | 1,000 | - | - | - | - | - | 7,119 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
85,406 | 55,964 | 31,885 | 38,357 | 83,967 | 80,571 | 82,673 | 41,876 | 40,001 | 28,319 | 30,141 | |
10/15 |
-9,870 | 39,055 | 31,467 | 38,160 | 40,715 | 36,001 | 40,388 | 29,437 | 22,642 | 20,219 | 11,871 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
20,455 | 20,455 | 12,867 | 23,237 | 23,237 | 23,237 | 23,237 | 23,237 | 16,442 | 14,019 | 5,671 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 620 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
133 |
20,455 | 20,455 | 12,867 | 21,377 | 21,377 | 21,377 | 21,377 | 21,377 | 14,582 | 12,159 | 5,051 | |
14 |
-48,926 | - | - | -3,678 | -1,122 | -5,837 | -1,449 | - | - | - | - | |
17/49 |
95,277 | 16,908 | 419 | 197 | 43,251 | 44,571 | 42,285 | 12,439 | 17,358 | 8,101 | 18,270 | |
42/48 |
95,277 | 16,908 | 419 | 197 | 42,155 | 43,508 | 41,781 | 12,439 | 12,413 | 3,156 | 13,325 | |
44 |
20,212 | 3,043 | 419 | 153 | 7,681 | 137 | 8,580 | 9,439 | 6,413 | 156 | 3,964 | |
440/4 |
20,212 | 3,043 | 419 | 153 | 7,681 | 137 | 8,580 | 9,439 | 6,413 | 156 | 3,964 | |
46 |
265 | - | - | - | - | - | - | - | - | - | 6,000 | |
45 |
1,730 | - | - | 44 | 470 | 445 | 216 | - | - | - | 361 | |
450/3 |
810 | - | - | 44 | 470 | 445 | 216 | - | - | - | 361 | |
454/9 |
921 | - | - | - | - | - | - | - | - | - | - | |
47/48 |
73,070 | 13,865 | - | 0 | 34,004 | 42,926 | 32,985 | 3,000 | 6,000 | 3,000 | 3,000 | |
492/3 |
- | - | - | 0 | 1,096 | 1,063 | 504 | - | 4,945 | 4,945 | 4,945 | |
| Income statement | ||||||||||||
76A |
- | - | 1 | - | - | - | - | - | - | - | - | |
9900 |
-10,875 | 10,957 | 4,226 | 7,606 | 16,453 | 4,835 | 4,924 | 10,531 | 4,039 | 13,086 | 8,864 | |
62 |
31,889 | - | - | - | - | - | - | - | - | - | - | |
630 |
4,927 | 2,575 | 9,815 | 9,819 | 8,685 | 7,254 | 5,000 | 201 | 201 | 201 | 201 | |
640/8 |
530 | 744 | 978 | 212 | 1,349 | 457 | 455 | 453 | 451 | 451 | 348 | |
9901 |
-48,220 | 7,638 | -6,567 | -2,425 | 6,420 | -2,876 | -531 | 9,878 | 3,387 | 12,434 | 8,315 | |
75/76B |
1 | 371 | 0 | 30 | 22 | 218 | 427 | 77 | 285 | 144 | 249 | |
75 |
1 | 371 | 0 | 30 | 22 | 218 | 427 | 77 | 285 | 144 | 249 | |
65/66B |
504 | 421 | 125 | 161 | 1,727 | 1,729 | 852 | 329 | 36 | 32 | 32 | |
65 |
504 | 421 | 125 | 161 | 1,727 | 1,729 | 852 | 329 | 36 | 32 | 32 | |
9903 |
-48,723 | 7,588 | -6,693 | -2,556 | 4,715 | -4,387 | -956 | 9,625 | 3,636 | 12,546 | 8,532 | |
67/77 |
203 | - | - | - | - | 0 | 494 | 2,831 | 1,212 | 4,198 | 2,861 | |
9904 |
-48,926 | 7,588 | -6,693 | -2,556 | 4,715 | -4,387 | -1,449 | 6,795 | 2,424 | 8,347 | 5,671 | |
9905 |
-48,926 | 7,588 | -6,693 | -2,556 | 4,715 | -4,387 | -1,449 | 6,795 | 2,424 | 8,347 | 5,671 | |
| Appropriation of the result | ||||||||||||
9906 |
-48,926 | 7,588 | -10,370 | -3,678 | -1,122 | -5,837 | -1,449 | 6,795 | 2,424 | 8,347 | 5,671 | |
14P |
- | - | -3,678 | -1,122 | -5,837 | - | - | - | - | - | - | |
791/2 |
- | - | 10,370 | - | - | - | - | - | - | - | - | |
691/2 |
- | 7,588 | - | - | - | - | - | 6,795 | 2,424 | 8,347 | 5,671 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,240 | 620 | |
6921 |
- | 7,588 | - | - | - | - | - | 6,795 | 2,424 | 7,107 | 5,051 | |
| Social balance sheet | ||||||||||||
9087 |
0.5 | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
634 | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 9 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 14-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-07-2026 | 2026-00290811 | |
| 31-12-2024 | abbreviated format | 25-06-2025 | 2025-00175644 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00394776 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00276709 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20216317 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36400188 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-64800076 | |
| 31-12-2018 | micro format | 24-07-2019 | 2019-38200452 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-33000412 | |
| 31-12-2016 | micro format | 28-06-2017 | 2017-23200360 | |
| 31-12-2015 | abbreviated format | 22-07-2016 | 2016-34200422 |
Subsidies and aid
Flemish government 2025, 1 entry, €1,500 awarded, €1,500 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -43,294 | 10,213 | 3,248 | 7,394 | 15,105 | 4,378 | 4,469 | 10,079 | 3,589 | 12,636 | 8,517 | ||
| -43,999 | 10,163 | 3,123 | 7,263 | 13,400 | 2,867 | 3,551 | 6,996 | 2,625 | 8,549 | 5,873 | ||
| 22,059 | 1,263 | 1 | 0 | 11,593 | 10,000 | 25,000 | 0 | 0 | 0 | - | ||
| 13,491 | -4,243 | 308 | -13,511 | -11,977 | 17,605 | -816 | 11,957 | -12,718 | 2,005 | - | ||
| -31,712 | 34,345 | 25,446 | 22,324 | 16,157 | 14,318 | 20,892 | 29,437 | 27,386 | 24,761 | 16,212 | ||
| -11.6% | 69.8% | 98.7% | 99.5% | 48.5% | 44.7% | 48.9% | 70.3% | 56.6% | 71.4% | 39.4% | ||
| 0.67 | 3.03 | 61.80 | - | 1.38 | 1.33 | 1.50 | 3.37 | 3.21 | 8.85 | 2.22 | ||
| 0.38 | 2.39 | 35.61 | 59.99 | 1.05 | 0.94 | 1.28 | 3.24 | 3.21 | 8.85 | 1.52 | ||
| - | 0.43 | 0.01 | 0.01 | 1.06 | 1.24 | 1.05 | 0.42 | 0.77 | 0.40 | 1.54 | ||
| - | 19.4% | -21.3% | -6.7% | 11.6% | -12.2% | -3.6% | 23.1% | 10.7% | 41.3% | 47.8% | ||
| -57.3% | 13.6% | -21.0% | -6.7% | 5.6% | -5.4% | -1.8% | 16.2% | 6.1% | 29.5% | 18.8% | ||
| -85.95 | 24.24 | 25.90 | 45.87 | 8.75 | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|
| 0.5 | |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,574 | €1,263 | - | - | €11,593 |
| Intangible fixed assets | €17,485 | - | - | - | - |
| €4,927 | €2,575 | €9,815 | €9,819 | €8,685 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Pipeprotector
The operating result for 2025 is a loss of €48,220, after a profit of €7,638 in 2024. It is the lowest result since 2015.
Equity is negative. Debt (€95,277) exceeds the balance-sheet total (€85,406).