ACTIVE

B.P.A.

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Financial year 2025 · closed on 31/12/2025

Net result

1,6 M €

-65.0% YoY

Gross margin

1,3 M €

-66.5% YoY

Equity

29,6 M €

-7.8% YoY

Workforce

2,7 ETP

-3.6% YoY

What does B.P.A. do?

B.P.A. is a Public limited company incorporated in 1989. Its registered office is in Lier. It employs on average 2,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.459.301

Incorporation

13/06/1989

Legal form

Public limited company

Registered office

Hoogveldweg 155 box 3
2500 Lier · FlandreSee on map

Contributed capital

5 820 552,19 €

Latest accounts

31/12/2025

Average workforce

2,7 ETP

Joint committees (2)

2000
3230

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,3 M €	-66.5%	3,9 M €	+2468%	153 k €	-88.0%	1,3 M €	-64.2%	3,6 M €	+1032%	-382,9 k €	-164%	597,5 k €	+72.1%	347,1 k €	+7.2%	323,7 k €	-74.0%	1,2 M €	+134%	531,8 k €	-30.8%	768,5 k €	+119%	351,1 k €	-58.1%	837,3 k €	+11.0%	754,4 k €	+20.0%	628,5 k €	+270%	169,9 k €	-60.6%	431,3 k €	-5.0%	454,1 k €	+103%	223,8 k €
EBITDA	848,4 k €	-75.1%	3,4 M €	+724%	-545,8 k €	-161%	895,1 k €	-72.0%	3,2 M €	+485%	-832,5 k €	-400%	277,6 k €	+94.6%	142,7 k €	+770%	16,4 k €	-94.5%	297,9 k €	-4.2%	311 k €	+72.2%	180,6 k €	+436%	33,7 k €	-95.0%	673,7 k €	+12.9%	596,7 k €	+25.5%	475,5 k €	+2079%	21,8 k €	-93.0%	312,6 k €	-7.0%	336,1 k €	+111%	159,1 k €
Operating result	686,2 k €	-79.0%	3,3 M €	+610%	-640,1 k €	-1190%	-49,6 k €	-102%	3,2 M €	+454%	-890,7 k €	-498%	223,5 k €	+151%	89 k €	+347%	-36 k €	-121%	171,5 k €	-31.4%	249,9 k €	+166%	93,9 k €	+322%	-42,3 k €	-107%	608,8 k €	+19.2%	510,7 k €	+79.9%	283,9 k €	+783%	-41,6 k €	-117%	239,8 k €	-12.3%	273,3 k €	+214%	87,1 k €
Net result	1,6 M €	-65.0%	4,7 M €	+413%	911,9 k €	-20.1%	1,1 M €	-53.6%	2,5 M €	-80.5%	12,6 M €	+204%	4,1 M €	+5042%	80,6 k €	+1990%	3,9 k €	-90.0%	38,5 k €	-24.6%	51 k €	-37.6%	81,8 k €	+93.1%	42,4 k €	+92.7%	22 k €	-78.8%	103,5 k €	+590%	15 k €	-98.8%	1,3 M €	+32467%	3,9 k €	-96.2%	102,6 k €	+757%	12 k €
Balance sheet
Equity	29,6 M €	-7.8%	32,1 M €	+17.0%	27,4 M €	+3.4%	26,5 M €	+4.5%	25,4 M €	+10.7%	22,9 M €	+123%	10,3 M €	+67.3%	6,2 M €	+1.3%	6,1 M €	+0.1%	6,1 M €	+0.6%	6 M €	+0.9%	6 M €	+1.4%	5,9 M €	+279%	1,6 M €	+1.4%	1,5 M €	+7.2%	1,4 M €	+1.1%	1,4 M €	+868%	146,1 k €	+2.7%	142,2 k €	+259%	39,6 k €
Total assets	49,6 M €	-4.4%	51,9 M €	-1.6%	52,8 M €	+6.6%	49,5 M €	-19.1%	61,2 M €	-31.3%	89,1 M €	+18.5%	75,2 M €	+3.1%	72,9 M €	-11.7%	82,6 M €	+32.8%	62,2 M €	+25.4%	49,6 M €	+5.9%	46,8 M €	+3.2%	45,4 M €	+32.6%	34,2 M €	+289%	8,8 M €	+15.4%	7,6 M €	+19.8%	6,4 M €	+14.8%	5,5 M €	+4.7%	5,3 M €	+56.9%	3,4 M €
Cash	519 k €	+389%	106 k €	-60.7%	270,1 k €	-54.8%	597,4 k €	-56.1%	1,4 M €	-83.1%	8,1 M €	+14240%	56,2 k €	-95.6%	1,3 M €	-17.7%	1,6 M €	+143%	641,8 k €	-38.9%	1,1 M €	+1600%	61,8 k €	-73.9%	237,1 k €	-53.2%	507 k €	+2328%	20,9 k €	-56.4%	47,9 k €	+2630%	1,8 k €	-69.3%	5,7 k €	+3358%	165,6 €	-98.3%	9,9 k €
Debts	19,9 M €	+1.1%	19,7 M €	-21.9%	25,3 M €	+9.9%	23 M €	-35.8%	35,8 M €	-45.9%	66,2 M €	+2.0%	64,9 M €	-2.8%	66,8 M €	-12.7%	76,5 M €	+36.3%	56,1 M €	+28.9%	43,6 M €	+6.7%	40,8 M €	+3.4%	39,5 M €	+20.9%	32,6 M €	+349%	7,3 M €	+17.3%	6,2 M €	+25.3%	4,9 M €	-8.1%	5,4 M €	+4.5%	5,1 M €	+54.3%	3,3 M €
Other
Workforce	2,7 ETP	-3.6%	2,8 ETP	-12.5%	3,2 ETP	-11.1%	3,6 ETP	-12.2%	4,1 ETP	+7.9%	3,8 ETP	+35.7%	2,8 ETP	-12.5%	3,2 ETP	+18.5%	2,7 ETP	+35.0%	2,0 ETP	-25.9%	2,7 ETP	-18.2%	3,3 ETP	+10.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-6.3%	3,2 ETP	+6.7%	3,0 ETP	+15.4%	2,6 ETP	-3.7%	2,7 ETP	+80.0%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 34 ended

Active mandates

Cedric Bouwen

Director · since 01 avril 2023 · until 02 juin 2028

Active

Filip Poznanovic

Director · since 01 avril 2023 · until 02 juin 2028

Active

Kim Heungens

Managing director · since 03 décembre 2010 · until 02 juin 2028

Active

Cyrielle Yvonne Bouwen

Director · since 01 octobre 2010 · until 02 juin 2028

Active

Patrick August Bouwen

Managing director · since 02 juin 2006 · until 02 juin 2028

Active

Ended mandates

Patrick Bouwen

Managing director · since 01 juin 2018 · until 03 juin 2022

Ended

Patrick Bouwen

Managing director · since 01 juin 2018 · until 02 juin 2028

Ended

Patrick Bouwen

Managing director · since 01 juin 2017 · until 27 juin 2022

Ended

Cyrielle Bouwen

Director · since 24 juin 2016 · until 03 juin 2022

Ended

At this address

Other companies at this address

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BAUEN● Active	0870.223.028
BEDRIJVENPARK STONE● Active	0770.466.446
GROUP BOUWEN IMMO● Active	0403.604.924
HET FORT● Active	0474.837.566
JB Zwartzusters Invest● Active	0789.596.628
RBPA Schaar● Active	0806.340.511
RESIDENTIE DEN DULFT● Active	0473.862.519
TRADING PLACES● Active	0447.686.276
WILS & PEETERS● Active	0468.899.483

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/07/2026	30/07/2025	25/07/2024	28/08/2023	13/10/2022	27/07/2021
General meeting	25/06/2026	30/06/2025	28/06/2024	02/06/2023	03/06/2022	28/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	20/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	13/10/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	15/07/2020	05/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	18/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	10/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	12/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 34 ended

Active mandates

Cedric Bouwen

Director · since 01 avril 2023 · until 02 juin 2028

Active

Filip Poznanovic

Director · since 01 avril 2023 · until 02 juin 2028

Active

Kim Heungens

Managing director · since 03 décembre 2010 · until 02 juin 2028

Active

Cyrielle Yvonne Bouwen

Director · since 01 octobre 2010 · until 02 juin 2028

Active

Patrick August Bouwen

Managing director · since 02 juin 2006 · until 02 juin 2028

Active

Ended mandates

Patrick Bouwen

Managing director · since 01 juin 2018 · until 03 juin 2022

Ended

Patrick Bouwen

Managing director · since 01 juin 2018 · until 02 juin 2028

Ended

Patrick Bouwen

Managing director · since 01 juin 2017 · until 27 juin 2022

Ended

Cyrielle Bouwen

Director · since 24 juin 2016 · until 03 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/01/2014
KAPITAAL - AANDELEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,6 M €↓
2024
Annual accounts 20244,7 M €↑
2023
Annual accounts 2023911,9 k €↓
01/04/2023
nominationFilip Poznanovic — bestuurder
01/04/2023
nominationCedric Bouwen — bestuurder
2022
Annual accounts 20221,1 M €↓
03/06/2022
reconductionPatrick Bouwen — bestuurder
03/06/2022
reconductionKim Heungens — bestuurder
03/06/2022
reconductionCyrielle Bouwen — bestuurder
2021
Annual accounts 20212,5 M €↓
2020
Annual accounts 202012,6 M €↑
2019
Annual accounts 20194,1 M €↑
2018
Annual accounts 201880,6 k €↑
2017
Annual accounts 20173,9 k €↓
2016
Annual accounts 201638,5 k €↓
2015
Annual accounts 201551 k €↓
2014
Annual accounts 201481,8 k €↑
2013
Annual accounts 201342,4 k €↑
2012
Annual accounts 201222 k €↓
2011
Annual accounts 2011103,5 k €↑
2010
Annual accounts 201015 k €↓
2009
Annual accounts 20091,3 M €↑
2008
Annual accounts 20083,9 k €↓
2007
Annual accounts 2007102,6 k €↑
2006
Annual accounts 200612 k €
13/06/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

B.P.A.

Overview

What does B.P.A. do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline