DIPA
ActiveDIPA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €325k and a net result of €14k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 9135 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-14
Solvency53=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 1.33 in 2024; short-term debt: 28.1% and cash: 29.9% of total assets), but 72.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
27.9%
Return on assets
1.2%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €325k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
20 d early
2023
7 d early
2022
15 d late
2021
13 d late
2020
8 d early
2019
14 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€325k▲ 4.4%
2024 · €312k
2018: €407k
2019: €444k
2020: €505k
2021: €477k
2022: €341k
2023: €292k
2024: €312k
2018 → 2025
Total assets
€1.16M▲ 4.8%
2024 · €1.11M
2018: €2.34M
2019: €3.25M
2020: €2.58M
2021: €2.11M
2022: €1.72M
2023: €2.07M
2024: €1.11M
2018 → 2025
Net result
€14k▼ 30.9%
2024 · €20k
2018: €11k
2019: €37k
2020: €62k
2021: €-28k
2022: €-136k
2023: €-50k
2024: €20k
2018 → 2025
Working capital
€532k▲ 173%
2024 · €195k
2018: €264k
2019: €341k
2020: €416k
2021: €323k
2022: €204k
2023: €168k
2024: €195k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€477k-€341k▼ 28.4%€292k▼ 14.6%€312k▲ 6.8%€325k▲ 4.4%
Operating result€-18k-€-129k▼ 601%€-45k▲ 65.1%€22k€17k▼ 21.6%
Net result€-28k-€-136k▼ 378%€-50k▲ 63.3%€20k€14k▼ 30.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€306k▼ 3.4%
Current assets
€859k▲ 8.1%
Equity and liabilities €1.16M
Equity
€325k▲ 4.4%
Debt
€839k▲ 4.9%
The debt ratio rises from 72.0% to 72.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€53k▼
2024 · €60k
Cash flow
€50k▼
2024 · €58k
Solvency
27.9%▼
2024 · 28.0%
Current ratio
2.63▲
2024 · 1.33
Quick ratio
2.63▲
2024 · 0.72
Debt / equity
2.58▲
2024 · 2.57
ROE
4.2%▼
2024 · 6.4%
ROA
1.2%▼
2024 · 1.8%
Interest coverage
2.81▼
2024 · 4.42
Debt
€839k▲
2024 · €800k
Debt ≤ 1 year
€327k▼
2024 · €600k
Debt > 1 year
€512k▲
2024 · €200k
Income taxes
€2k▼
2024 · €2k
Staff costs
€92k▼
2024 · €146k
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€1.11M€1.16M▲
Fixed assets21/28€316k€306k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€238k€227k▼
Land and buildings22€233k€199k▼
Plant, machinery and equipment23€3k€27k▲
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€78k€78k=
Current assets29/58€795k€859k▲
Amounts receivable after more than one year29-€500k
Other amounts receivable291-€500k
Stocks and contracts in progress3€361k€0▼
Contracts in progress37€361k€0▼
Amounts receivable within one year40/41€61k€11k▼
Trade receivables40€44k€10k▼
Other amounts receivable41€17k€1k▼
Cash at bank and in hand54/58€373k€348k▼
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.16M▲
Equity10/15€312k€325k▲
Contributions10/11€25k€25k=
Reserves13€287k€300k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€287k€300k▲
Amounts payable17/49€800k€839k▲
Amounts payable after more than one year17€200k€512k▲
Financial debts170/4€200k€512k▲
Amounts payable within one year42/48€600k€327k▼
Current portion of amounts payable after more than one year42€29k€38k▲
Trade debts44€68k€72k▲
Suppliers440/4€68k€72k▲
Advances received on contracts in progress46€482k€0▼
Taxes, remuneration and social security45€21k€19k▼
Taxes450/3€5k€5k▲
Remuneration and social security454/9€16k€14k▼
Other amounts payable47/48-€198k
Income statement
Code20242025
Remuneration, social security and pensions62€146k€92k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€36k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€211k€150k▼
Operating profit (loss)9901€22k€17k▼
Financial income75/76B€14k€17k▲
Recurring financial income75€14k€9k▼
Non-recurring financial income76B-€9k
Financial charges65/66B€14k€19k▲
Recurring financial charges65€14k€19k▲
Profit (loss) for the period before taxes9903€22k€16k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€20k€14k▼
Profit (loss) for the period to be appropriated9905€20k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€14k▼
Transfer from equity791/2€0-
Transfer to equity691/2€20k€14k▼
To other reserves6921€20k€14k▼
The notes to these accounts (23 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €20k
Net result €20k after 3 loss-making years.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 15 days late
2022
30-09
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series; recovery starts the following year.
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 13 days late
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €62k ▲69.2%
Operating result €84k, net result €62k, both a record.
30-09
Financial
Equity above €500kEq €505k ▲13.9%
3 profitable years in a row build equity to €505k.
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
31-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 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, Kortrijk · 1 establishment unit since 2001
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.
Waterhoennest(Bis) 848501 KortrijkGround area
1,684 m²
Building footprint
221 m²
Volume, LiDAR
1,426 m³
Parcel 34007A0157/00S000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Waterhoennest(Bis) 84, 8501 Kortrijk
since 20012.101.257.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34007A0157/00S000 | Flanders | 1,684 m² | 1 · 221 m² | 7.2 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.
Recognitions · licences · registrations
Recognised contractor
7 categoriesDIPA BV29799
Similar companies · same sector, comparable size
IMMO DERVEAUX
BE 0507.980.189
Moorslede · Eq €326k
BUREAU EBEN FRANCIS
BE 0442.500.142
Neupré · Eq €325k
3 N INVEST
BE 0476.624.247
Mont-Saint-Guibert · Eq €325k
GIPEMINVEST
BE 0476.036.210
Assesse · Eq €324k
IMMOVATE
BE 0822.666.007
Oudsbergen · Eq €324k
Of 11,749 companies in sector 68310 we hold annual accounts for 6,906. 4,910 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2000
Fiscal year end30-09
Activities, NACEBEL
68121Development of residential building projects
68310Real estate agency activities
68311Real estate activities
70111
70311
41001General construction of residential buildings
43110Demolition
45111
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.
Contact details
1 entryE-mail:info@penl.be