DAP PIEPAUW
ActiveDAP PIEPAUW has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €7k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 1263 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+7
Solvency39▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.46 in 2024; short-term debt: 23.3% and cash: 2.5% of total assets), and 86.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Sector 75
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.8%
Return on assets
2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1263 sector peers (2025).
NBB · sector comparisonPosition among 1263 sector peers
Solvency
better than 15%
← weakest
strongest →
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
51 d early
2023
23 d early
2022
31 d late
2021
120 d late
2020
61 d late
2019
95 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 7.2%
2024 · €49k
2018: €15k
2019: €19k
2020: €19k
2021: €27k
2022: €45k
2023: €51k
2024: €49k
2018 → 2025
Total assets
€326k▼ 17.9%
2024 · €397k
2018: €504k
2019: €467k
2020: €431k
2021: €403k
2022: €390k
2023: €453k
2024: €397k
2018 → 2025
Net result
€7k
2024 · €-2k
2018: €12k
2019: €4k
2020: €120
2021: €8k
2022: €19k
2023: €6k
2024: €-2k
2018 → 2025
Working capital
€-60k▼ 20.7%
2024 · €-50k
2018: €-18k
2019: €-13k
2020: €-15k
2021: €-20k
2022: €-11k
2023: €-37k
2024: €-50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€45k▲ 69.9%€51k▲ 12.3%€49k▼ 4.7%€45k▼ 7.2%
Operating result€20k-€32k▲ 56.6%€16k▼ 49.6%€9k▼ 45.2%€20k▲ 129%
Net result€8k-€19k▲ 133%€6k▼ 70.1%€-2k€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 129% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326k
Fixed assets
€310k▼ 12.4%
Current assets
€16k▼ 62.9%
Equity and liabilities €326k
Equity
€45k▼ 7.2%
Debt
€281k▼ 19.4%
The debt ratio falls from 87.8% to 86.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€64k▲
2024 · €53k
Cash flow
€51k▲
2024 · €42k
Solvency
13.8%▲
2024 · 12.2%
Current ratio
0.21▼
2024 · 0.46
Quick ratio
0.21▼
2024 · 0.46
Debt / equity
6.24▼
2024 · 7.18
ROE
14.4%▲
2024 · -4.9%
ROA
2.0%▲
2024 · -0.6%
Interest coverage
8.68▲
2024 · 5.58
Debt
€281k▼
2024 · €349k
Debt ≤ 1 year
€76k▼
2024 · €93k
Debt > 1 year
€204k▼
2024 · €256k
Income taxes
€6k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€397k€326k▼
Fixed assets21/28€354k€310k▼
Tangible fixed assets22/27€354k€310k▼
Land and buildings22€289k€264k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€62k€45k▼
Current assets29/58€43k€16k▼
Amounts receivable within one year40/41€30k€2k▼
Trade receivables40€11k-
Other amounts receivable41€19k€2k▼
Current investments50/53-€3k
Cash at bank and in hand54/58€11k€8k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€397k€326k▼
Equity10/15€49k€45k▼
Contributions10/11€19k€19k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€25k€21k▼
Amounts payable17/49€349k€281k▼
Amounts payable after more than one year17€256k€204k▼
Financial debts170/4€256k€204k▼
Amounts payable within one year42/48€93k€76k▼
Current portion of amounts payable after more than one year42€57k€53k▼
Financial debts43€25k-
Credit institutions430/8€25k-
Trade debts44€10k€5k▼
Suppliers440/4€10k€5k▼
Taxes, remuneration and social security45€447€2k▲
Taxes450/3€447€2k▲
Other amounts payable47/48-€15k
Accrued charges and deferred income492/3€292€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€44k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€57k€68k▲
Operating profit (loss)9901€9k€20k▲
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€-661€13k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€-2k€7k▲
Profit (loss) for the period to be appropriated9905€-2k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€31k▲
Profit (loss) brought forward from the previous period14P€27k€25k▼
Profit to be distributed694/7-€10k
Return on contributions (dividend)694-€10k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-2k ▼143%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €19k ▲133%
Operating result €32k, net result €19k, both a record.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Poperinge · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jagerstraat 88970 PoperingeGround area
2.4 ha
Building footprint
400 m²
Volume, LiDAR
2,176 m³
Parcel 33313G0679/00G000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DAP PIEPAUW
since 20162.256.943.441
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33313G0679/00G000 | Flanders | 2.4 ha | 1 · 400 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,078 companies in sector 75000 we hold annual accounts for 1,949. 1,596 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-2016
Fiscal year end31-12
Activities, NACEBEL
75000Veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.