Summary
CIPA CONSULT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €7,934 and a net result of €1,430. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 8091 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
29 d early
2023
14 d early
2022
15 d early
2021
13 d early
2020
27 d late
2019
104 d 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 5 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€7,934▲ 22.0%
2024 · €6,504
Net result
€1,430▼ 96.2%
2024 · €37,285
Total assets
€68,412▲ 5.5%
2024 · €64,850
Solvency
11.6%▲ 1.6pp
2024 · 10.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,874▼ 0.1%-€39,225▼ 164%-€2,894▲ 92.6%€37,862€2,030▼ 94.6%
Net result-€15,418below the sector's middle half▲ 1.3%-€39,709below the sector's middle half▼ 158%-€3,384below the sector's middle half▲ 91.5%€37,285within the sector's middle half€1,430below the sector's middle half▼ 96.2%
Equity€12,311below the sector's middle half▼ 55.6%-€27,398below the sector's middle half-€30,782below the sector's middle half▼ 12.4%€6,504below the sector's middle half€7,934below the sector's middle half▲ 22.0%
Total assets€86,306below the sector's middle half▲ 8.5%€78,433below the sector's middle half▼ 9.1%€83,720below the sector's middle half▲ 6.7%€64,850below the sector's middle half▼ 22.5%€68,412below the sector's middle half▲ 5.5%
Debt€73,996▲ 42.9%€105,830▲ 43.0%€114,501▲ 8.2%€58,346▼ 49.0%€60,478▲ 3.7%
Working capital-€47,258within the sector's middle half▼ 42.8%-€85,810below the sector's middle half▼ 81.6%-€89,194below the sector's middle half▼ 3.9%-€51,908below the sector's middle half▲ 41.8%-€50,478below the sector's middle half▲ 2.8%
Solvency14.3%below the sector's middle half▼ 20.6pp-34.9%below the sector's middle half▼ 49.2pp-36.8%below the sector's middle half▼ 1.8pp10.0%below the sector's middle half▲ 46.8pp11.6%below the sector's middle half▲ 1.6pp
Current ratio0.36within the sector's middle half=0.19below the sector's middle half▼ 0.170.22below the sector's middle half▲ 0.030.11below the sector's middle half▼ 0.110.17below the sector's middle half▲ 0.06
Return on assets (ROA)-17.9%below the sector's middle half▲ 1.8pp-50.6%below the sector's middle half▼ 32.8pp-4.0%below the sector's middle half▲ 46.6pp57.5%above the sector's middle half▲ 61.5pp2.1%within the sector's middle half▼ 55.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68,412
Fixed assets
€58,412 =
Current assets
€10,000 ▲ 55.3%
Equity and liabilities €68,412
Equity
€7,934 ▲ 22.0%
Debt
€60,478 ▲ 3.7%
Debt's share of the balance-sheet total falls from 90.0% to 88.4%. Equity and debt are higher.
Key figures and ratios
ROE
18.0%▼
2024 · 573.3%
Debt ≤ 1 year
€60,478▲
2024 · €58,346
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,253 | €1,157 | €0 | - | - | - |
| Other operating charges640/8 | €936 | €1,263 | €745 | €190 | - | - |
| Gross operating margin9900 | -€12,685 | -€36,805 | -€2,150 | €38,052 | €2,030 | ▼ 94.7% |
| Operating profit (loss)9901 | -€14,874 | -€39,225 | -€2,894 | €37,862 | €2,030 | ▼ 94.6% |
| Financial income75/76B | €0 | - | €0 | - | - | - |
| Recurring financial income75 | €0 | - | €0 | - | - | - |
| Financial charges65/66B | €544 | €483 | €490 | €577 | €599 | ▲ 3.9% |
| Recurring financial charges65 | €544 | €483 | €490 | €577 | €599 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | -€15,418 | -€39,709 | -€3,384 | €37,285 | €1,430 | ▼ 96.2% |
| Profit (loss) for the period9904 | -€15,418 | -€39,709 | -€3,384 | €37,285 | €1,430 | ▼ 96.2% |
| Profit (loss) for the period to be appropriated9905 | -€15,418 | -€39,709 | -€3,384 | €37,285 | €1,430 | ▼ 96.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,306 | €78,433 | €83,720 | €64,850 | €68,412 | ▲ 5.5% |
| Fixed assets21/28 | €59,569 | €58,412 | €58,412 | €58,412 | €58,412 | = |
| Tangible fixed assets22/27 | €1,157 | €0 | - | - | - | - |
| Furniture and vehicles24 | €1,157 | €0 | - | - | - | - |
| Financial fixed assets28 | €58,412 | €58,412 | €58,412 | €58,412 | €58,412 | = |
| Current assets29/58 | €26,737 | €20,021 | €25,308 | €6,438 | €10,000 | ▲ 55.3% |
| Amounts receivable within one year40/41 | €25,246 | €20,021 | €25,308 | €5,308 | €10,000 | ▲ 88.4% |
| Trade receivables40 | €24,327 | €20,000 | €25,000 | €5,005 | €10,000 | ▲ 99.8% |
| Other amounts receivable41 | €919 | €21 | €308 | €303 | - | - |
| Cash at bank and in hand54/58 | €1,130 | - | - | €1,130 | - | - |
| Deferred charges and accrued income490/1 | €361 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,306 | €78,433 | €83,720 | €64,850 | €68,412 | ▲ 5.5% |
| Equity10/15 | €12,311 | -€27,398 | -€30,782 | €6,504 | €7,934 | ▲ 22.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €19,485 | €19,485 | €19,485 | €19,485 | €19,485 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €17,625 | €17,625 | €17,625 | €17,625 | €17,625 | = |
| Profit (loss) carried forward14 | -€13,374 | -€53,082 | -€56,466 | -€19,181 | -€17,750 | ▲ 7.5% |
| Amounts payable17/49 | €73,996 | €105,830 | €114,501 | €58,346 | €60,478 | ▲ 3.7% |
| Amounts payable within one year42/48 | €73,996 | €105,830 | €114,501 | €58,346 | €60,478 | ▲ 3.7% |
| Financial debts43 | €2,503 | €1,413 | €1,361 | €2,474 | €506 | ▼ 79.6% |
| Credit institutions430/8 | €2,503 | €1,413 | €1,361 | - | €506 | - |
| Other loans439 | - | - | - | €2,474 | - | - |
| Trade debts44 | €19,498 | €20,220 | €9,116 | €5,450 | €11,520 | ▲ 111% |
| Suppliers440/4 | €19,498 | €20,220 | €9,116 | €5,450 | €11,520 | ▲ 111% |
| Other amounts payable47/48 | €51,994 | €84,197 | €104,024 | €50,422 | €48,453 | ▼ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,418 | -€39,709 | -€3,384 | €37,285 | €1,430 | ▼ 96.2% |
| + Depreciation and write-downs630 | €1,253 | €1,157 | €0 | - | - | - |
| Operating cash flow (approximation) | -€14,165 | -€38,552 | -€3,384 | €37,285 | €1,430 | ▼ 96.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €37,285
Net result €37,285 after 5 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€39,709
Net result drops to -€39,709, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2007
Ground area
188 m²
Building footprint
83 m²
Volume, LiDAR
1,706 m³
Parcel 35383C0351/00A003, Flanders · tallest building 23.7 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
CIPA CONSULT
since 20072.162.339.044
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0351/00A003indicative | Flanders | 187 m² | 1 · 83 m² | 23.7 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
35%
According to the 2025 annual accounts of CIPA CONSULT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 4,348 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-04-2007
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889008265
Also
9925:BE0889008265
Registered
20-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.