EQUIPAL
ActiveEQUIPAL has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €721k and a net result of €18k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 54% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €45k 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.
Credit advice for your own amount and term
Signals
Four 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
Sector 43
higher
← 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 →
Financials · fiscal year 2024, abbreviated schema
Equity
€721k▲ 2.5%
2023 · €703k
2018: €648k
2019: €666k
2020: €678k
2021: €683k
2022: €697k
2023: €703k
2018 → 2024
Total assets
€1.54M▲ 7.4%
2023 · €1.43M
2018: €1.45M
2019: €1.62M
2020: €1.48M
2021: €1.33M
2022: €1.41M
2023: €1.43M
2018 → 2024
Net result
€18k▲ 205%
2023 · €6k
2018: €7k
2019: €18k
2020: €13k
2021: €5k
2022: €14k
2023: €6k
2018 → 2024
Working capital
€83k▲ 0.3%
2023 · €83k
2018: €27k
2019: €-8k
2020: €34k
2021: €52k
2022: €58k
2023: €83k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€678k-€683k▲ 0.7%€697k▲ 2.0%€703k▲ 0.8%€721k▲ 2.5%
Operating result€29k-€20k▼ 31.5%€16k▼ 21.1%€7k▼ 54.3%€33k▲ 365%
Net result€13k-€5k▼ 60.3%€14k▲ 174%€6k▼ 57.4%€18k▲ 205%
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 €1.54M
Fixed assets
€693k▲ 2.8%
Current assets
€847k▲ 11.4%
Equity and liabilities €1.54M
Equity
€721k▲ 2.5%
Debt
€819k▲ 12.0%
The debt ratio rises from 51.0% to 53.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€81k▲
2023 · €59k
Cash flow
€66k▲
2023 · €58k
Solvency
46.8%▼
2023 · 49.0%
Current ratio
1.11▼
2023 · 1.12
Quick ratio
0.44▼
2023 · 0.47
Debt / equity
1.14▲
2023 · 1.04
ROE
2.5%▲
2023 · 0.8%
ROA
1.2%▲
2023 · 0.4%
Interest coverage
12.79▲
2023 · 9.57
Debt
€819k▲
2023 · €731k
Debt ≤ 1 year
€764k▲
2023 · €677k
Debt > 1 year
€55k▲
2023 · €53k
Income taxes
€11k▲
2023 · €6k
Staff costs
€633k▲
2023 · €619k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.43M€1.54M▲
Fixed assets21/28€674k€693k▲
Intangible fixed assets21-€7k
Tangible fixed assets22/27€673k€685k▲
Land and buildings22€562k€552k▼
Plant, machinery and equipment23€34k€33k▼
Furniture and vehicles24€77k€101k▲
Financial fixed assets28€526€526=
Current assets29/58€760k€847k▲
Stocks and contracts in progress3€445k€508k▲
Stocks30/36€403k€395k▼
Contracts in progress37€42k€113k▲
Amounts receivable within one year40/41€201k€122k▼
Trade receivables40€183k€105k▼
Other amounts receivable41€18k€16k▼
Cash at bank and in hand54/58€104k€204k▲
Deferred charges and accrued income490/1€10k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.54M▲
Equity10/15€703k€721k▲
Contributions10/11€81k€81k=
Reserves13€622k€640k▲
Tax-exempt reserves132€31k€31k=
Distributable reserves133€591k€609k▲
Amounts payable17/49€731k€819k▲
Amounts payable after more than one year17€53k€55k▲
Financial debts170/4€53k€55k▲
Amounts payable within one year42/48€677k€764k▲
Current portion of amounts payable after more than one year42€32k€29k▼
Trade debts44€369k€317k▼
Suppliers440/4€369k€317k▼
Advances received on contracts in progress46€183k€277k▲
Taxes, remuneration and social security45€77k€127k▲
Taxes450/3€33k€33k▼
Remuneration and social security454/9€44k€94k▲
Other amounts payable47/48€15k€14k▼
Accrued charges and deferred income492/3€602-
Income statement
Code20232024
Remuneration, social security and pensions62€619k€633k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€48k▼
Other operating charges640/8€12k€17k▲
Gross operating margin9900€691k€731k▲
Operating profit (loss)9901€7k€33k▲
Financial income75/76B€11k€2k▼
Recurring financial income75€1k€2k▲
Non-recurring financial income76B€10k-
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€6k▲
Non-recurring financial charges66B-€454
Profit (loss) for the period before taxes9903€12k€29k▲
Income taxes67/77€6k€11k▲
Profit (loss) for the period9904€6k€18k▲
Profit (loss) for the period to be appropriated9905€6k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€18k▲
Transfer to equity691/2€6k€18k▲
To other reserves6921€6k€18k▲
Social balance
Average headcount (FTE)908711.211.2=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €18k ▲205%
Net result €18k, 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 €5k ▼60.3%
Net result drops to €5k, 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.
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
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.
Ambachtenstraat(LUB) 23210 LubbeekGround 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
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.
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 |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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 9,135. 5,160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-1978
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
25401Forging of metal
31001Manufacture of furniture
43332Laying of wooden floor and wall coverings
Sources
Crossroads Bank for EnterprisesNational Bank · 46 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 entryWebsite:www.equipal.be