FIPA
ActiveSummary
FIPA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €549k and a net result of €701. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-8
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 5.32 against 3.45 in 2024; short-term debt: 4.3% and cash: 3% of total assets), and 4.5% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
95.5%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
71 d late
2022
31 d late
2021
17 d early
2020
17 d early
2019
32 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€549k▲ 0.1%
2024 · €548k
Total assets
€574k▼ 2.8%
2024 · €591k
Net result
€701▼ 98.3%
2024 · €41k
Working capital
€107k▲ 3.0%
2024 · €104k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52k▲ 203%€44k▼ 15.6%€-27k€49k€-154
Net result€37k▲ 201%€32k▼ 14.4%€-27k€41k€701▼ 98.3%
Equity€502k▲ 8.1%€534k▲ 6.4%€507k▼ 5.1%€548k▲ 8.1%€549k▲ 0.1%
Total assets€634k▲ 9.3%€666k▲ 5.0%€605k▼ 9.0%€591k▼ 2.4%€574k▼ 2.8%
Debt€78k▲ 26.9%€78k▼ 0.2%€45k▼ 42.0%€43k▼ 5.4%€26k▼ 40.3%
Working capital€59k▲ 1,551%€107k▲ 81.7%€98k▼ 8.9%€104k▲ 6.0%€107k▲ 3.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €154 after €49k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €574k
Fixed assets
€443k ▼ 0.5%
Current assets
€131k ▼ 9.9%
Equity and liabilities €574k
Equity
€549k ▲ 0.1%
Debt
€26k ▼ 40.3%
Debt's share of the balance-sheet total falls from 7.3% to 4.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €67k
Cash flow
€18k▼
2024 · €59k
Current ratio
5.32▲
2024 · 3.45
Quick ratio
3.42▲
2024 · 1.94
Debt to equity
0.05▼
2024 · 0.08
ROE
0.1%▼
2024 · 7.5%
ROA
0.1%▼
2024 · 7.0%
Interest coverage
78.32▼
2024 · 1078.13
Debt ≤ 1 year
€25k▼
2024 · €42k
Debt > 1 year
€570=
2024 · €570
Income taxes
€255▼
2024 · €8k
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 | €19k | €19k | €18k | €18k | €17k | ▼ 4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €12k | €-12k | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €-53k | - | - |
| Other operating charges640/8 | €3k | €18k | €4k | €9k | €5k | ▼ 40.8% |
| Gross operating margin9900 | €86k | €69k | €-5k | €22k | €22k | = |
| Operating profit (loss)9901 | €52k | €44k | €-27k | €49k | €-154 | ▼ 100% |
| Financial income75/76B | - | €11 | €12 | €19 | €1k | ▲ 6,960% |
| Recurring financial income75 | - | €11 | €12 | €19 | €1k | ▲ 6,960% |
| Financial charges65/66B | €115 | €307 | €137 | €62 | €218 | ▲ 251% |
| Recurring financial charges65 | €115 | €307 | €137 | €62 | €218 | ▲ 251% |
| Profit (loss) for the period before taxes9903 | €52k | €44k | €-27k | €49k | €956 | ▼ 98.0% |
| Income taxes67/77 | €15k | €12k | - | €8k | €255 | ▼ 96.7% |
| Profit (loss) for the period9904 | €37k | €32k | €-27k | €41k | €701 | ▼ 98.3% |
| Transfer from tax-exempt reserves789 | €4k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €41k | €32k | €-27k | €41k | €701 | ▼ 98.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €634k | €666k | €605k | €591k | €574k | ▼ 2.8% |
| Fixed assets21/28 | €497k | €481k | €463k | €445k | €443k | ▼ 0.5% |
| Intangible fixed assets21 | - | - | - | - | €2k | - |
| Tangible fixed assets22/27 | €497k | €481k | €463k | €445k | €441k | ▼ 0.9% |
| Land and buildings22 | €488k | €473k | €457k | €442k | €427k | ▼ 3.4% |
| Plant, machinery and equipment23 | €879 | €333 | €180 | €57 | €4k | ▲ 7,404% |
| Furniture and vehicles24 | €6k | €6k | €5k | €2k | €1k | ▼ 12.9% |
| Other tangible fixed assets26 | €3k | €2k | €161 | €1k | €9k | ▲ 579% |
| Current assets29/58 | €137k | €185k | €142k | €146k | €131k | ▼ 9.9% |
| Stocks and contracts in progress3 | €71k | €93k | €95k | €64k | €47k | ▼ 26.7% |
| Stocks30/36 | €71k | €93k | €95k | €64k | €47k | ▼ 26.7% |
| Amounts receivable within one year40/41 | €24k | €17k | €27k | €60k | €67k | ▲ 11.3% |
| Trade receivables40 | €24k | €16k | €26k | €27k | €14k | ▼ 47.7% |
| Other amounts receivable41 | €84 | €815 | €815 | €33k | €53k | ▲ 60.5% |
| Cash at bank and in hand54/58 | €42k | €74k | €21k | €22k | €17k | ▼ 19.4% |
| Deferred charges and accrued income490/1 | €358 | €339 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €634k | €666k | €605k | €591k | €574k | ▼ 2.8% |
| Equity10/15 | €502k | €534k | €507k | €548k | €549k | ▲ 0.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | €367k | €367k | €367k | €367k | €367k | = |
| Reserves13 | €29k | €29k | €29k | €29k | €29k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €3k | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | €24k | €24k | €24k | €24k | €24k | = |
| Profit (loss) carried forward14 | €87k | €119k | €92k | €133k | €134k | ▲ 0.5% |
| Provisions and deferred taxes16 | €53k | €53k | €53k | - | - | - |
| Provisions for liabilities and charges160/5 | €53k | €53k | €53k | - | - | - |
| Major repairs and maintenance162 | €41k | €41k | €41k | - | - | - |
| Other liabilities and charges164/5 | €13k | €13k | €13k | - | - | - |
| Amounts payable17/49 | €78k | €78k | €45k | €43k | €26k | ▼ 40.3% |
| Amounts payable after more than one year17 | €570 | €570 | €570 | €570 | €570 | = |
| Other amounts payable178/9 | €570 | €570 | €570 | €570 | €570 | = |
| Amounts payable within one year42/48 | €78k | €78k | €45k | €42k | €25k | ▼ 41.6% |
| Trade debts44 | €16k | €15k | €17k | €24k | €16k | ▼ 34.1% |
| Suppliers440/4 | €16k | €15k | €17k | €24k | €16k | ▼ 34.1% |
| Taxes, remuneration and social security45 | €26k | €29k | €12k | €34 | €2k | ▲ 5,963% |
| Taxes450/3 | €26k | €29k | €12k | €34 | €2k | ▲ 5,963% |
| Other amounts payable47/48 | €36k | €34k | €16k | €18k | €7k | ▼ 62.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €300 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €32k | €-27k | €41k | €701 | ▼ 98.3% |
| + Depreciation and write-downs630 | €19k | €19k | €18k | €18k | €17k | ▼ 4.2% |
| Operating cash flow (approximation) | €56k | €51k | €-10k | €59k | €18k | ▼ 69.7% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €-15k | - |
| Change in cash | - | €33k | €-54k | €970 | €-4k | ▼ 534% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €502k ▲8.1%
4 profitable years in a row build equity to €502k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €452k ▲490%
2 profitable years in a row build equity to €452k.
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, La Hulpe · 1 establishment unit since 1993
Ground area
1,012 m²
Building footprint
141 m²
Volume, LiDAR
881 m³
Parcel 25050A0060/00F006, Wallonia · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Drève des Lilas 27, 1310 La Hulpe
since 19932.276.416.289
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050A0060/00F006 | Wallonia | 1,012 m² | 1 · 141 m² | 13.5 m · 2 fl. |
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.
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iD SERVICES
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ID EVENT
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 5,002 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
Founded13-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.