FIPARIM
ActiveSummary
FIPARIM has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€627,062. Equity remains stable across the filed fiscal years (±0.2% per year). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-37
Solvency93▼-7
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 32.05 against 32.23 in 2024; short-term debt: 0.8% and cash: 26.9% of total assets), and 31.5% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
68.5%
Return on assets
-31.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€627,062
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
13 d early
2023
16 d early
2022
63 d early
2021
8 d early
2020
5 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€627,062▼ 12,850%
2024 · -€4,842
Working capital
€522,846▼ 0.6%
2024 · €525,836
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,782▼ 13.2%-€5,838▼ 1.0%-€5,885▼ 0.8%-€5,871▲ 0.2%-€5,904▼ 0.6%
Net result€222€1,260▲ 468%€4,028▲ 220%-€4,842-€627,062▼ 12,850%
Equity€2.0m=€2.0m▲ 0.1%€2.0m▲ 0.2%€2.0m▼ 0.2%€1.4m▼ 31.5%
Total assets€2.5m▲ 0.5%€2.5m▲ 0.6%€2.6m▲ 1.1%€2.6m▲ 0.9%€2.0m▼ 23.1%
Debt€535,501▲ 2.2%€548,479▲ 2.4%€571,644▲ 4.2%€599,384▲ 4.9%€628,512▲ 4.9%
Working capital€461,507▲ 1.7%€470,905▲ 2.0%€502,938▲ 6.8%€525,836▲ 4.6%€522,846▼ 0.6%
Why a figure moved sharply
- 2025 Net result -12,850% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,904 in 2025 against €5,871 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.5m ▼ 29.1%
Current assets
€539,686 ▼ 0.6%
Equity and liabilities €2.0m
Equity
€1.4m ▼ 31.5%
Debt
€628,512 ▲ 4.9%
Debt's share of the balance-sheet total rises from 23.1% to 31.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
32.05▼
2024 · 32.23
Debt to equity
0.46▲
2024 · 0.30
ROE
-46.0%▼
2024 · -0.2%
ROA
-31.5%▼
2024 · -0.2%
Debt ≤ 1 year
€16,840=
2024 · €16,840
Debt > 1 year
€611,672▲
2024 · €582,544
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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €4,914 | €4,916 | €4,925 | €4,904 | €4,906 | = |
| Other operating charges640/8 | €868 | €922 | €960 | €967 | €998 | ▲ 3.2% |
| Gross operating margin9900 | -€4,914 | -€4,916 | -€4,925 | -€4,904 | -€4,906 | = |
| Operating profit (loss)9901 | -€5,782 | -€5,838 | -€5,885 | -€5,871 | -€5,904 | ▼ 0.6% |
| Financial income75/76B | €13,738 | €15,284 | €37,966 | €28,820 | €23,658 | ▼ 17.9% |
| Recurring financial income75 | €13,738 | €15,284 | €37,966 | €28,820 | €23,658 | ▼ 17.9% |
| Financial charges65/66B | €7,734 | €8,186 | €28,053 | €27,791 | €644,816 | ▲ 2,220% |
| Recurring financial charges65 | €7,734 | €8,186 | €28,053 | €27,791 | €29,185 | ▲ 5.0% |
| Non-recurring financial charges66B | - | - | - | - | €615,631 | - |
| Profit (loss) for the period before taxes9903 | €222 | €1,260 | €4,028 | -€4,842 | -€627,062 | ▼ 12,850% |
| Profit (loss) for the period9904 | €222 | €1,260 | €4,028 | -€4,842 | -€627,062 | ▼ 12,850% |
| Profit (loss) for the period to be appropriated9905 | €222 | €1,260 | €4,028 | -€4,842 | -€627,062 | ▼ 12,850% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.5m | €2.6m | €2.6m | €2.0m | ▼ 23.1% |
| Fixed assets21/28 | €2.0m | €2.0m | €2.0m | €2.0m | €1.5m | ▼ 29.1% |
| Financial fixed assets28 | €2.0m | €2.0m | €2.0m | €2.0m | €1.5m | ▼ 29.1% |
| Current assets29/58 | €478,347 | €492,585 | €519,778 | €542,676 | €539,686 | ▼ 0.6% |
| Amounts receivable within one year40/41 | - | - | €117 | €674 | €1,566 | ▲ 132% |
| Other amounts receivable41 | - | - | €117 | €674 | €1,566 | ▲ 132% |
| Cash at bank and in hand54/58 | €464,609 | €477,301 | €481,856 | €513,906 | €536,874 | ▲ 4.5% |
| Deferred charges and accrued income490/1 | €13,738 | €15,284 | €37,805 | €28,096 | €1,246 | ▼ 95.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.5m | €2.6m | €2.6m | €2.0m | ▼ 23.1% |
| Equity10/15 | €2.0m | €2.0m | €2.0m | €2.0m | €1.4m | ▼ 31.5% |
| Contributions10/11 | €930,815 | €930,815 | €930,815 | €930,815 | €930,815 | = |
| Capital10 | €930,815 | €930,815 | €930,815 | €930,815 | €930,815 | = |
| Issued capital100 | €930,815 | €930,815 | €930,815 | €930,815 | €930,815 | = |
| Reserves13 | €93,082 | €93,082 | €93,082 | €93,082 | €93,082 | = |
| Non-distributable reserves130/1 | €93,082 | €93,082 | €93,082 | €93,082 | €93,082 | = |
| Legal reserve130 | €93,082 | €93,082 | €93,082 | €93,082 | €93,082 | = |
| Profit (loss) carried forward14 | €966,440 | €967,700 | €971,728 | €966,886 | €339,824 | ▼ 64.9% |
| Amounts payable17/49 | €535,501 | €548,479 | €571,644 | €599,384 | €628,512 | ▲ 4.9% |
| Amounts payable after more than one year17 | €518,661 | €526,799 | €554,804 | €582,544 | €611,672 | ▲ 5.0% |
| Other amounts payable178/9 | €518,661 | €526,799 | €554,804 | €582,544 | €611,672 | ▲ 5.0% |
| Amounts payable within one year42/48 | €16,840 | €21,680 | €16,840 | €16,840 | €16,840 | = |
| Trade debts44 | €16,840 | €21,680 | €16,840 | €16,840 | €16,840 | = |
| Suppliers440/4 | €16,840 | €21,680 | €16,840 | €16,840 | €16,840 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €222 | €1,260 | €4,028 | -€4,842 | -€627,062 | ▼ 12,850% |
| Operating cash flow (approximation) | €222 | €1,260 | €4,028 | -€4,842 | -€627,062 | ▼ 12,850% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €594,944 | - |
| Change in cash | - | €12,692 | €4,555 | €32,050 | €22,968 | ▼ 28.3% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€627,062
Net result drops to -€627,062, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €4,028 ▲220%
Net result €4,028, the highest in the series.
29-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €222
Net result €222 after 3 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1984
Ground area
3,150 m²
Building footprint
372 m²
Volume, LiDAR
2,717 m³
2 parcels, Brussels · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Saturnelaan 23, 1180 Ukkel
since 19842.026.013.561
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0284/00K000 ProtectedMonumentManege Le Royal Etrier belge |
Brussels | 2,773 m² | 1 · 268 m² | 10.9 m · 2 fl. |
| 21618B0336/00G002 | Brussels | 377 m² | 1 · 104 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
24.5%
According to the 2025 annual accounts of FIPARIM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Company details
Identification
Legal formPublic limited company
Founded30-11-1984
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 30 September 2026 · Peppol Directory
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