SIPA
Annual accounts 2025
abbreviated format, filed on 30-06-2026, 31 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.8m. Estimated: probably between €2.9m and €5.1m.
Balance sheet
balance sheet total €2.0m on 31-12-2025in euro
in euro
Position in the sector
17.1%
Higher than 18% of 9,967 companies in 2025.
0.90
Higher than 15% of 9,830 companies in 2025.
5.8%
Higher than 52% of 9,899 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: top quarter
Staff
€67,405
Staff costs divided by the average number of full-time equivalents.
+2 people
In 2025, 5 people joined and 3 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
2.0m | 1.4m | |
21/28 |
1.0m | 969,452 | |
21 |
5,090 | 6,390 | |
22/27 |
1.0m | 963,062 | |
23 |
305,533 | 210,241 | |
24 |
497,065 | 752,821 | |
25 |
226,412 | - | |
29/58 |
945,140 | 460,479 | |
3 |
34,787 | 22,204 | |
30/36 |
34,787 | 22,204 | |
40/41 |
527,447 | 275,707 | |
40 |
450,144 | 252,548 | |
41 |
77,303 | 23,159 | |
54/58 |
381,214 | 160,413 | |
490/1 |
1,691 | 2,155 | |
| Balance sheet: equity and liabilities | |||
10/49 |
2.0m | 1.4m | |
10/15 |
338,650 | 223,913 | |
10/11 |
10,000 | 10,000 | |
13 |
328,650 | 213,913 | |
133 |
328,650 | 213,913 | |
17/49 |
1.6m | 1.2m | |
17 |
591,345 | 574,549 | |
170/4 |
591,345 | 574,549 | |
42/48 |
1.0m | 631,468 | |
42 |
363,749 | 278,179 | |
44 |
417,757 | 116,312 | |
440/4 |
417,757 | 116,312 | |
45 |
167,239 | 135,494 | |
450/3 |
37,512 | 36,510 | |
454/9 |
129,727 | 98,984 | |
47/48 |
100,500 | 101,483 | |
| Income statement | |||
76A |
0 | 16,502 | |
9900 |
1.3m | 1.3m | |
62 |
674,046 | 728,858 | |
630 |
464,219 | 271,493 | |
631/4 |
500 | - | |
640/8 |
24,349 | 15,243 | |
66A |
0 | 8,000 | |
9901 |
184,109 | 290,873 | |
75/76B |
224 | 1,476 | |
75 |
224 | 1,476 | |
65/66B |
49,714 | 44,842 | |
65 |
49,714 | 44,842 | |
9903 |
134,619 | 247,507 | |
67/77 |
19,882 | 33,594 | |
9904 |
114,737 | 213,913 | |
9905 |
114,737 | 213,913 | |
| Appropriation of the result | |||
9906 |
114,737 | 213,913 | |
691/2 |
114,737 | 213,913 | |
691 |
0 | 213,913 | |
6921 |
114,737 | - | |
| Social balance sheet | |||
9087 |
10 | 6.7 | |
Hours worked1013 |
17,174 | 17,021 | |
| Document | |||
The notes to these accounts have 17 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 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2024 to 2025, 2 entries, €2,528 awarded, €2,528 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €288 | €288 |
| 2024 | 1 | €2,240 | €2,240 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 648,328 | 562,367 | ||
| 578,956 | 485,407 | ||
| 528,867 | 1.3m | ||
| 220,801 | - | ||
| -104,105 | -170,989 | ||
| 17.1% | 15.7% | ||
| 0.90 | 0.73 | ||
| 0.87 | 0.69 | ||
| 4.84 | 5.39 | ||
| 33.9% | 95.5% | ||
| 5.8% | 15.0% | ||
| 13.04 | 12.54 |
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 |
|---|---|---|
| Employees at the balance-sheet date | 11 | 9 |
| full-time | 10 | 8 |
| part-time | 1 | 1 |
| in full-time equivalents | 10.6 | 8.6 |
| 10 | 6.7 | |
| On a permanent contract | 11 | 9 |
| Joined | 5 | 9 |
| Left | 3 | 0 |
| Training hours | 0 | 60 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €528,867 | €1.3m |
| Intangible fixed assets | - | €6,500 |
| €464,219 | €271,493 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on SIPA
The operating result for 2025 is 37% lower than in 2024.
Debt's share of the balance-sheet total falls from 84.3% to 82.9%. Equity and debt are higher.