EQUIPAL
ActiveSummary
EQUIPAL has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €720,731 and a net result of €17,901. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 54% of 7461 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+1
Solvency72▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.12 in 2023; short-term debt: 49.6% and cash: 13.3% of total assets), and 53.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
62 d early
2022
62 d early
2021
62 d early
2020
45 d early
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 oldest company in Lubbeek, Construction sector#7 company by total assets in Lubbeek, Construction sector#7 company by equity in Lubbeek, Construction sector
Equity
€720,731▲ 2.5%
2023 · €702,830
Total assets
€1.5m▲ 7.4%
2023 · €1.4m
Net result
€17,901▲ 205%
2023 · €5,860
Working capital
€82,972▲ 0.3%
2023 · €82,719
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Operating result€28,723▼ 13.7%€19,670▼ 31.5%€15,529▼ 21.1%€7,101▼ 54.3%€32,998▲ 365%
Net result€12,623within the sector's middle half▼ 28.0%€5,014below the sector's middle half▼ 60.3%€13,753within the sector's middle half▲ 174%€5,860below the sector's middle half▼ 57.4%€17,901within the sector's middle half▲ 205%
Equity€678,202above the sector's middle half▲ 1.9%€683,216above the sector's middle half▲ 0.7%€696,969above the sector's middle half▲ 2.0%€702,830within the sector's middle half▲ 0.8%€720,731within the sector's middle half▲ 2.5%
Total assets€1.5mabove the sector's middle half▼ 8.1%€1.3mwithin the sector's middle half▼ 10.7%€1.4mwithin the sector's middle half▲ 6.3%€1.4mwithin the sector's middle half▲ 1.7%€1.5mwithin the sector's middle half▲ 7.4%
Debt€806,535▼ 15.1%€643,245▼ 20.2%€712,751▲ 10.8%€730,849▲ 2.5%€818,868▲ 12.0%
Working capital€33,675within the sector's middle half€52,470within the sector's middle half▲ 55.8%€57,909within the sector's middle half▲ 10.4%€82,719within the sector's middle half▲ 42.8%€82,972within the sector's middle half▲ 0.3%
Solvency45.7%within the sector's middle half▲ 4.5pp51.5%within the sector's middle half▲ 5.8pp49.4%within the sector's middle half▼ 2.1pp49.0%within the sector's middle half▼ 0.4pp46.8%within the sector's middle half▼ 2.2pp
Current ratio1.05below the sector's middle half▲ 0.061.09below the sector's middle half▲ 0.041.09below the sector's middle half=1.12below the sector's middle half▲ 0.031.11below the sector's middle half▼ 0.01
Return on assets (ROA)0.9%below the sector's middle half▼ 0.2pp0.4%below the sector's middle half▼ 0.5pp1.0%below the sector's middle half▲ 0.6pp0.4%below the sector's middle half▼ 0.6pp1.2%within the sector's middle half▲ 0.8pp
Staff (FTE)12.6above the sector's middle half▼ 13.7%11.3above the sector's middle half▼ 10.3%11.3above the sector's middle half=11.2above the sector's middle half▼ 0.9%11.2above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 365% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€692,719 ▲ 2.8%
Current assets
€846,881 ▲ 11.4%
Equity and liabilities €1.5m
Equity
€720,731 ▲ 2.5%
Debt
€818,868 ▲ 12.0%
Debt's share of the balance-sheet total rises from 51.0% to 53.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80,665▲
2023 · €59,107
Cash flow
€65,568▲
2023 · €57,867
Quick ratio
0.44▼
2023 · 0.47
Debt to equity
1.14▲
2023 · 1.04
ROE
2.5%▲
2023 · 0.8%
Interest coverage
12.79▲
2023 · 9.57
Debt ≤ 1 year
€763,909▲
2023 · €677,267
Debt > 1 year
€54,959▲
2023 · €52,980
Income taxes
€10,605▲
2023 · €6,312
Staff costs
€633,371▲
2023 · €619,458
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €670 | - | - | - |
| Remuneration, social security and pensions62 | - | €559,010 | €671,104 | €619,458 | €633,371 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,072 | €80,547 | €49,707 | €52,006 | €47,667 | ▼ 8.3% |
| Other operating charges640/8 | - | €15,655 | €15,902 | €12,142 | €16,757 | ▲ 38.0% |
| Gross operating margin9900 | €716,309 | €674,882 | €752,243 | €690,707 | €730,794 | ▲ 5.8% |
| Operating profit (loss)9901 | €28,723 | €19,670 | €15,529 | €7,101 | €32,998 | ▲ 365% |
| Financial income75/76B | - | €1,194 | €11,106 | €11,244 | €2,271 | ▼ 79.8% |
| Recurring financial income75 | €814 | €1,194 | €759 | €1,344 | €2,271 | ▲ 68.9% |
| Non-recurring financial income76B | - | - | €10,347 | €9,900 | - | - |
| Financial charges65/66B | - | €7,405 | €6,040 | €6,173 | €6,762 | ▲ 9.5% |
| Recurring financial charges65 | €8,163 | €7,405 | €6,040 | €6,173 | €6,308 | ▲ 2.2% |
| Non-recurring financial charges66B | - | - | - | - | €454 | - |
| Profit (loss) for the period before taxes9903 | €21,374 | €13,459 | €20,595 | €12,172 | €28,507 | ▲ 134% |
| Income taxes67/77 | €8,751 | €8,444 | €6,842 | €6,312 | €10,605 | ▲ 68.0% |
| Profit (loss) for the period9904 | €12,623 | €5,014 | €13,753 | €5,860 | €17,901 | ▲ 205% |
| Transfer from tax-exempt reserves789 | - | €2,478 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €23,623 | €7,492 | €13,753 | €5,860 | €17,901 | ▲ 205% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.3m | €1.4m | €1.4m | €1.5m | ▲ 7.4% |
| Fixed assets21/28 | €751,567 | €673,775 | €724,548 | €673,693 | €692,719 | ▲ 2.8% |
| Intangible fixed assets21 | - | - | - | - | €6,960 | - |
| Tangible fixed assets22/27 | €751,042 | €673,250 | €724,023 | €673,167 | €685,233 | ▲ 1.8% |
| Land and buildings22 | - | €587,251 | €573,991 | €562,390 | €551,999 | ▼ 1.8% |
| Plant, machinery and equipment23 | - | €62,050 | €49,015 | €33,710 | €32,727 | ▼ 2.9% |
| Furniture and vehicles24 | - | €23,948 | €101,017 | €77,067 | €100,507 | ▲ 30.4% |
| Financial fixed assets28 | €526 | €526 | €526 | €526 | €526 | = |
| Current assets29/58 | €733,170 | €652,686 | €685,172 | €759,986 | €846,881 | ▲ 11.4% |
| Stocks and contracts in progress3 | €381,402 | €444,638 | €427,737 | €444,671 | €507,696 | ▲ 14.2% |
| Stocks30/36 | - | €388,038 | €390,137 | €402,821 | €394,696 | ▼ 2.0% |
| Contracts in progress37 | - | €56,600 | €37,600 | €41,850 | €113,000 | ▲ 170% |
| Amounts receivable within one year40/41 | €159,436 | €109,477 | €143,692 | €201,136 | €121,581 | ▼ 39.6% |
| Trade receivables40 | - | €93,202 | €121,472 | €183,148 | €105,100 | ▼ 42.6% |
| Other amounts receivable41 | - | €16,276 | €22,221 | €17,988 | €16,481 | ▼ 8.4% |
| Cash at bank and in hand54/58 | €115,094 | €86,829 | €103,438 | €104,223 | €204,316 | ▲ 96.0% |
| Deferred charges and accrued income490/1 | - | €11,741 | €10,306 | €9,956 | €13,288 | ▲ 33.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.3m | €1.4m | €1.4m | €1.5m | ▲ 7.4% |
| Equity10/15 | €678,202 | €683,216 | €696,969 | €702,830 | €720,731 | ▲ 2.5% |
| Contributions10/11 | - | €80,565 | €80,565 | €80,565 | €80,565 | = |
| Reserves13 | €597,636 | €602,650 | €616,404 | €622,264 | €640,166 | ▲ 2.9% |
| Non-distributable reserves130/1 | - | €8,057 | €8,057 | - | - | - |
| Reserves not available under the articles1311 | - | €8,057 | €8,057 | - | - | - |
| Tax-exempt reserves132 | - | €31,056 | €31,056 | €31,056 | €31,056 | = |
| Distributable reserves133 | - | €563,538 | €577,292 | €591,208 | €609,110 | ▲ 3.0% |
| Amounts payable17/49 | €806,535 | €643,245 | €712,751 | €730,849 | €818,868 | ▲ 12.0% |
| Amounts payable after more than one year17 | €106,614 | €42,599 | €85,058 | €52,980 | €54,959 | ▲ 3.7% |
| Financial debts170/4 | - | €42,599 | €85,058 | €52,980 | €54,959 | ▲ 3.7% |
| Amounts payable within one year42/48 | €699,495 | €600,216 | €627,263 | €677,267 | €763,909 | ▲ 12.8% |
| Current portion of amounts payable after more than one year42 | - | €64,015 | €38,229 | €32,077 | €29,198 | ▼ 9.0% |
| Trade debts44 | €348,020 | €395,253 | €390,932 | €369,435 | €317,385 | ▼ 14.1% |
| Suppliers440/4 | - | €395,253 | €390,932 | €369,435 | €317,385 | ▼ 14.1% |
| Advances received on contracts in progress46 | - | €75,763 | €114,562 | €183,146 | €276,664 | ▲ 51.1% |
| Taxes, remuneration and social security45 | - | €49,711 | €68,064 | €77,150 | €126,803 | ▲ 64.4% |
| Taxes450/3 | - | €8,848 | €17,019 | €33,373 | €32,899 | ▼ 1.4% |
| Remuneration and social security454/9 | - | €40,864 | €51,045 | €43,777 | €93,903 | ▲ 115% |
| Other amounts payable47/48 | - | €15,473 | €15,477 | €15,458 | €13,860 | ▼ 10.3% |
| Accrued charges and deferred income492/3 | - | €430 | €430 | €602 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,623 | €5,014 | €13,753 | €5,860 | €17,901 | ▲ 205% |
| + Depreciation and write-downs630 | €80,072 | €80,547 | €49,707 | €52,006 | €47,667 | ▼ 8.3% |
| Operating cash flow (approximation) | €92,694 | €85,561 | €63,461 | €57,867 | €65,568 | ▲ 13.3% |
| Investment in fixed assets (approximation) | - | -€2,755 | -€100,480 | -€1,151 | -€66,693 | ▼ 5,695% |
| Change in cash | - | -€28,264 | €16,608 | €786 | €100,093 | ▲ 12,643% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €17,901 ▲205%
Net result €17,901, the highest in the series.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €5,014 ▼60.3%
Net result drops to €5,014, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Lubbeek · 1 establishment unit since 1978
Ground area
2,829 m²
Building footprint
1,379 m²
Parcel 24066B0216/00K002, Flanders. Linked by address, not a title deed.
1 establishment unit
Ambachtenstraat(LUB) 2, 3210 Lubbeek
since 19782.119.569.665
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066B0216/00K002 | Flanders | 2,829 m² | 1 · 1,379 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 1,297 EUR awarded · 1,208 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 297 EUR | 208 EUR |
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsBinnenschrijnwerk en interieur duaal (so)
Interieurbouwer duaal (so)
Machinaal houtbewerker duaal (so)
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 5,154 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
Founded11-08-1978
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
25401Forging of metal
31001Manufacture of furniture
43332Laying of wooden floor and wall coverings
Contact
Website
www.equipal.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418594293
Also
9925:BE0418594293
Registered
16-09-2025
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.