ACTIVE

PIPA Holding

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Financial year 2025 · closed on 30/09/2025

Net result

2,1 M €

+26.6% YoY

Revenue

830,7 k €

+4.3% YoY

Equity

4,9 M €

+1.5% YoY

What does PIPA Holding do?

PIPA Holding is a Private limited company incorporated in 2013. Its registered office is in Aalter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0502.886.305

Incorporation

29/01/2013

Legal form

Private limited company

Registered office

Eentveldstraat 18
9910 Aalter · FlandreSee on map

Contributed capital

529 867,17 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Revenue	830,7 k €	+4.3%	796,2 k €	-4.5%	833,5 k €	+6.7%	780,8 k €	+12.4%	694,6 k €	-0.5%	697,8 k €	-6.9%	749,6 k €	+6.4%	704,8 k €	+11.6%	631,5 k €	-5.2%	666,1 k €	+37.5%	484,3 k €	-45.9%	895,6 k €
EBITDA	222,8 k €	-23.6%	291,7 k €	+31.3%	222,1 k €	+145%	90,5 k €	-43.7%	160,7 k €	-26.3%	218,1 k €	+24.5%	175,2 k €	-32.1%	258,2 k €	+5.4%	245,1 k €	-9.9%	272 k €	+114%	127,4 k €	-32.7%	189,1 k €
Operating result	167 k €	-30.6%	240,6 k €	+31.7%	182,7 k €	+201%	60,8 k €	-50.9%	123,7 k €	-37.2%	196,9 k €	+27.0%	155,1 k €	-34.3%	236,1 k €	+5.8%	223,2 k €	-14.6%	261,3 k €	+107%	126,5 k €	-31.7%	185,1 k €
Net result	2,1 M €	+26.6%	1,6 M €	-15.4%	1,9 M €	-20.4%	2,4 M €	+9.2%	2,2 M €	+2230%	95,5 k €	+50.6%	63,4 k €	-93.5%	982,5 k €	+20.2%	817,2 k €	+535%	128,7 k €	+169%	47,9 k €	-91.9%	588,8 k €
Balance sheet
Equity	4,9 M €	+1.5%	4,8 M €	+2.9%	4,7 M €	+10.3%	4,2 M €	+51.2%	2,8 M €	+57.2%	1,8 M €	-55.8%	4 M €	+1.6%	4 M €	+33.0%	3 M €	-7.9%	3,2 M €	+4.1%	3,1 M €	+1.6%	3,1 M €
Total assets	6,3 M €	+0.2%	6,3 M €	+3.1%	6,1 M €	+9.4%	5,6 M €	+19.2%	4,7 M €	-4.7%	4,9 M €	-16.1%	5,9 M €	+0.8%	5,8 M €	+8.3%	5,4 M €	+5.1%	5,1 M €	+30.4%	3,9 M €	-0.4%	3,9 M €
Cash	560,9 k €	+62.3%	345,7 k €	+55.1%	222,9 k €	-73.0%	825,3 k €	+70.6%	483,7 k €	-33.8%	730,6 k €	-60.4%	1,8 M €	+4.3%	1,8 M €	+14.3%	1,5 M €	+23.2%	1,3 M €	+489%	213,1 k €	+77.9%	119,8 k €
Debts	1,4 M €	-3.8%	1,5 M €	+3.4%	1,5 M €	+6.8%	1,4 M €	-27.7%	1,9 M €	-39.8%	3,1 M €	+70.8%	1,8 M €	-1.1%	1,9 M €	-22.4%	2,4 M €	+27.7%	1,9 M €	+128%	821,4 k €	-7.1%	884,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 4 ended

Active mandates

Pipa 2.0

Director · since 27 février 2026 · 1034.153.820

Represented by Philippe Huyzentruyt

Active

Nikolaas Gyselbrecht

Director · until 27 février 2026

Active

Thomas Gyselbrecht

Director · until 27 février 2026

Active

Ended mandates

Nikolaas Gyselbrecht

Director

Ended

Nikolaas Gyselbrecht

Manager

Ended

Thomas Gyselbrecht

Director

Ended

Thomas Gyselbrecht

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
PIGEON PARADISE● Active	0534.945.496
Pipa 2.0● Active	1034.153.820
PIPA ELITE BREEDING● Active	0690.857.457
PIPA Immo● Active	0503.960.332
PIPA Trading● Active	0885.597.924

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/03/2026	24/03/2025	05/04/2024	21/03/2023	22/04/2022	22/04/2021
General meeting	06/03/2026	07/03/2025	15/03/2024	03/03/2023	04/03/2022	05/03/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	06/03/2026	11/03/2026	Dutch	PDF
Full model	30/09/2024	07/03/2025	24/03/2025	Dutch	PDF
Full model	30/09/2023	15/03/2024	05/04/2024	Dutch	PDF
Full model	30/09/2022	03/03/2023	21/03/2023	Dutch	PDF
Full model	30/09/2021	04/03/2022	22/04/2022	Dutch	PDF
Full model	30/09/2020	05/03/2021	22/04/2021	Dutch	PDF
Full model	30/09/2019	06/03/2020	20/03/2020	Dutch	PDF
Full model	30/09/2018	01/03/2019	18/03/2019	Dutch	PDF
Full model	30/09/2017	02/03/2018	26/03/2018	Dutch	PDF
Full model	30/09/2016	03/03/2017	29/03/2017	Dutch	PDF
Full model	30/09/2015	04/03/2016	16/04/2016	Dutch	PDF
Full model	30/09/2014	06/03/2015	30/03/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 3 active · 4 ended

Active mandates

Pipa 2.0

Director · since 27 février 2026 · 1034.153.820

Represented by Philippe Huyzentruyt

Active

Nikolaas Gyselbrecht

Director · until 27 février 2026

Active

Thomas Gyselbrecht

Director · until 27 février 2026

Active

Ended mandates

Nikolaas Gyselbrecht

Director

Ended

Nikolaas Gyselbrecht

Manager

Ended

Thomas Gyselbrecht

Director

Ended

Thomas Gyselbrecht

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/01/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other31/01/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20252,1 M €↑
2024
Annual accounts 20241,6 M €↓
2023
Annual accounts 20231,9 M €↓
2022
Annual accounts 20222,4 M €↑
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 202095,5 k €↑
2019
Annual accounts 201963,4 k €↓
2018
Annual accounts 2018982,5 k €↑
2017
Annual accounts 2017817,2 k €↑
2016
Annual accounts 2016128,7 k €↑
2015
Annual accounts 201547,9 k €↓
2014
Annual accounts 2014588,8 k €
29/01/2013
IncorporationPrivate 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

PIPA Holding

Overview

What does PIPA Holding do?

Trend over 12 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