Summary
FIPAS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10.6m and a net result of €796,596. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 26% of 2413 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
29 d late
2023
21 d early
2022
42 d early
2021
18 d early
2020
30 d late
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#5 company by equity in Verviers, Finance and insurance sector#6 company by total assets in Verviers, Finance and insurance sector#7 oldest company in Verviers, Finance and insurance sector
Equity
€10.6m▲ 8.1%
2024 · €9.8m
Net result
€796,596▼ 59.3%
2024 · €2.0m
Total assets
€32.0m▲ 11.0%
2024 · €28.9m
Solvency
33.0%▼ 0.9pp
2024 · 33.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Turnover€95,000▼ 20.8%€60,000▼ 36.8%€60,000=€60,000=€60,000=
Operating result€66,867▼ 40.6%€383,185▲ 473%-€41,220-€22,030▲ 46.6%€21,144
Net result€146,915€208,158▲ 41.7%-€68,363€2.0m€796,596within the sector's middle half▼ 59.3%
Equity€8.5m▲ 1.8%€7.9m▼ 7.3%€7.8m▼ 0.9%€9.8m▲ 25.0%€10.6mwithin the sector's middle half▲ 8.1%
Total assets€13.9m▲ 0.8%€8.5m▼ 39.1%€10.3m▲ 22.0%€28.9m▲ 179%€32.0mwithin the sector's middle half▲ 11.0%
Debt€5.4m▼ 0.6%€579,054▼ 89.3%€2.5m▲ 333%€19.1m▲ 660%€21.4m▲ 12.4%
Working capital-€1.2m▼ 17.2%€457,999-€1.2m-€5.7m▼ 362%-€4.5m▲ 20.7%
Solvency61.1%▲ 0.6pp93.2%▲ 32.0pp75.7%▼ 17.5pp33.9%▼ 41.8pp33.0%within the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21,144 after a loss of €22,030 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.0m
Fixed assets
€21.2m ▲ 15.0%
Current assets
€10.9m ▲ 3.9%
Equity and liabilities €32.0m
Equity
€10.6m ▲ 8.1%
Debt
€21.4m ▲ 12.4%
Debt's share of the balance-sheet total rises from 66.1% to 67.0%. Equity and debt are higher.
Key figures and ratios
ROE
7.5%▼
2024 · 20.0%
ROA
2.5%▼
2024 · 6.8%
Debt ≤ 1 year
€15.4m▼
2024 · €16.1m
Debt > 1 year
€6.1m▲
2024 · €2.9m
Income taxes
€359,045▲
2024 · €141,759
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €185,979 | €553,673 | €60,000 | €77,000 | €61,148 | ▼ 20.6% |
| Turnover70 | €95,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Other operating income74 | €90,979 | €493,673 | €0 | - | - | - |
| Non-recurring operating income76A | - | - | - | €17,000 | €1,148 | ▼ 93.3% |
| Operating charges60/66A | €119,112 | €170,488 | €101,220 | €99,030 | €40,004 | ▼ 59.6% |
| Services and other goods61 | €67,664 | €58,935 | €99,768 | €97,491 | €38,529 | ▼ 60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,659 | €38,014 | €0 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €40,107 | €0 | - | - | - |
| Other operating charges640/8 | €6,790 | €6,054 | €1,452 | €1,539 | €1,475 | ▼ 4.1% |
| Non-recurring operating charges66A | €0 | €27,378 | €0 | - | - | - |
| Operating profit (loss)9901 | €66,867 | €383,185 | -€41,220 | -€22,030 | €21,144 | ▲ 196% |
| Financial income75/76B | €41,559 | €102,555 | €0 | €2.5m | €1.6m | ▼ 36.4% |
| Recurring financial income75 | €41,559 | €102,555 | €0 | €984,408 | €1.6m | ▲ 58.5% |
| Income from current assets751 | €41,559 | €98,787 | €0 | €814,420 | €854,844 | ▲ 5.0% |
| Other financial income752/9 | €0 | €3,768 | €0 | €169,988 | €705,115 | ▲ 315% |
| Non-recurring financial income76B | - | - | - | €1.5m | €0 | ▼ 100% |
| Financial charges65/66B | -€48,975 | €156,888 | €27,143 | €332,964 | €425,461 | ▲ 27.8% |
| Recurring financial charges65 | -€48,975 | €69,388 | €27,143 | €332,964 | €425,461 | ▲ 27.8% |
| Debt charges650 | €75,854 | €67,002 | €25,341 | €332,160 | €218,653 | ▼ 34.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | -€127,446 | €0 | - | -€75,605 | -€709,275 | ▼ 838% |
| Other financial charges652/9 | €2,617 | €2,385 | €1,802 | €76,408 | €916,083 | ▲ 1,099% |
| Non-recurring financial charges66B | €0 | €87,500 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €157,401 | €328,853 | -€68,363 | €2.1m | €1.2m | ▼ 45.0% |
| Income taxes67/77 | €10,487 | €120,695 | €0 | €141,759 | €359,045 | ▲ 153% |
| Taxes670/3 | €10,487 | €120,695 | €0 | €141,759 | €359,045 | ▲ 153% |
| Profit (loss) for the period9904 | €146,915 | €208,158 | -€68,363 | €2.0m | €796,596 | ▼ 59.3% |
| Transfer from tax-exempt reserves789 | - | €371,305 | €0 | - | - | - |
| Transfer to tax-exempt reserves689 | - | €371,305 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €146,915 | €208,158 | -€68,363 | €2.0m | €796,596 | ▼ 59.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.9m | €8.5m | €10.3m | €28.9m | €32.0m | ▲ 11.0% |
| Fixed assets21/28 | €11.2m | €7.8m | €9.8m | €18.4m | €21.2m | ▲ 15.0% |
| Tangible fixed assets22/27 | €326,350 | €0 | - | - | - | - |
| Land and buildings22 | €314,910 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €11,440 | €0 | - | - | - | - |
| Financial fixed assets28 | €10.9m | €7.8m | €9.8m | €18.4m | €21.2m | ▲ 15.0% |
| Affiliated companies280/1 | €7.8m | €7.8m | €9.6m | €5.0m | €8.6m | ▲ 74.1% |
| Participating interests280 | €7.8m | €7.8m | €9.6m | €5.0m | €8.6m | ▲ 74.1% |
| Companies linked by participating interests282/3 | €918,794 | €0 | - | €13.4m | €12.5m | ▼ 6.8% |
| Participating interests282 | €918,794 | €0 | - | - | - | - |
| Amounts receivable283 | - | - | - | €13.4m | €12.5m | ▼ 6.8% |
| Other financial fixed assets284/8 | €2.2m | €0 | €200,000 | €0 | - | - |
| Shares284 | €2.2m | €0 | €200,000 | €0 | - | - |
| Current assets29/58 | €2.7m | €647,645 | €511,253 | €10.5m | €10.9m | ▲ 3.9% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €2.4m | €208,646 | €489,146 | €3.7m | €3.5m | ▼ 4.9% |
| Trade receivables40 | €7,500 | €0 | €5,000 | €0 | €5,000 | - |
| Other amounts receivable41 | €2.4m | €208,646 | €484,146 | €3.7m | €3.5m | ▼ 5.0% |
| Current investments50/53 | €280,000 | €0 | €0 | €6.6m | €2.5m | ▼ 62.3% |
| Other investments51/53 | €280,000 | €0 | €0 | €6.6m | €2.5m | ▼ 62.3% |
| Cash at bank and in hand54/58 | €23,358 | €438,998 | €22,107 | €137,273 | €4.9m | ▲ 3,443% |
| Deferred charges and accrued income490/1 | €7,863 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.9m | €8.5m | €10.3m | €28.9m | €32.0m | ▲ 11.0% |
| Equity10/15 | €8.5m | €7.9m | €7.8m | €9.8m | €10.6m | ▲ 8.1% |
| Contributions10/11 | €700,000 | €646,212 | €646,212 | €646,212 | €646,212 | = |
| Revaluation surpluses12 | €557,225 | €0 | - | - | - | - |
| Reserves13 | €75,949 | €412,887 | €412,887 | €412,887 | €412,887 | = |
| Non-distributable reserves130/1 | €70,000 | €64,621 | €64,621 | €64,621 | €64,621 | = |
| Reserves not available under the articles1311 | €70,000 | €64,621 | €64,621 | €64,621 | €64,621 | = |
| Distributable reserves133 | €5,949 | €348,266 | €348,266 | €348,266 | €348,266 | = |
| Profit (loss) carried forward14 | €7.2m | €6.8m | €6.8m | €8.7m | €9.5m | ▲ 9.1% |
| Amounts payable17/49 | €5.4m | €579,054 | €2.5m | €19.1m | €21.4m | ▲ 12.4% |
| Amounts payable after more than one year17 | €1.5m | €386,540 | €770,781 | €2.9m | €6.1m | ▲ 106% |
| Financial debts170/4 | - | - | - | €2.9m | €2.4m | ▼ 18.3% |
| Credit institutions173 | - | - | - | €2.9m | €2.4m | ▼ 18.3% |
| Other amounts payable178/9 | €1.5m | €386,540 | €770,781 | €0 | €3.7m | - |
| Amounts payable within one year42/48 | €3.9m | €189,646 | €1.7m | €16.1m | €15.4m | ▼ 4.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €541,177 | €541,177 | = |
| Financial debts43 | €3.8m | €0 | - | €5.7m | €4.7m | ▼ 17.0% |
| Credit institutions430/8 | €3.8m | €0 | - | €5.7m | €4.7m | ▼ 17.0% |
| Trade debts44 | €15,324 | €5,955 | €11,942 | €3,279 | €4,947 | ▲ 50.9% |
| Suppliers440/4 | €15,324 | €5,955 | €11,942 | €3,279 | €4,947 | ▲ 50.9% |
| Taxes, remuneration and social security45 | €54,397 | €41,181 | €0 | €184,633 | €349,016 | ▲ 89.0% |
| Taxes450/3 | €54,397 | €41,181 | €0 | €184,633 | €349,016 | ▲ 89.0% |
| Other amounts payable47/48 | - | €142,509 | €1.7m | €9.7m | €9.7m | ▲ 0.5% |
| Accrued charges and deferred income492/3 | €868 | €2,868 | €0 | €1,680 | €1,966 | ▲ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €146,915 | €208,158 | -€68,363 | €2.0m | €796,596 | ▼ 59.3% |
| + Depreciation and write-downs630 | €44,659 | €38,014 | €0 | - | - | - |
| Operating cash flow (approximation) | €191,573 | €246,172 | -€68,363 | €2.0m | €796,596 | ▼ 59.3% |
| Investment in fixed assets (approximation) | - | €3.4m | -€2.0m | -€8.6m | -€2.8m | ▲ 67.9% |
| Change in cash | - | €415,640 | -€416,891 | €115,166 | €4.7m | ▲ 4,004% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €10mEq €10.6m ▲8.1%
2 profitable years in a row build equity to €10.6m.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 29 days late
2024
31-12
Financial
Back to profitnet €2.0m
Net result €2.0m after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Weakest financial yearnet -€68,363
Net result drops to -€68,363, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Liquidity times 5current ratio 3.42
Current ratio from 0.69 to 3.42; short-term debt falls from €3.9m to €189,646.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Back to profitnet €146,915
Net result €146,915 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 30 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 112 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Verviers · 1 establishment unit since 1994
Ground area
436 m²
Building footprint
278 m²
Volume, LiDAR
2,987 m³
2 parcels, Wallonia · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue du Palais 21, 4800 Verviers
since 19942.068.809.565
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079D0349/00M004 | Wallonia | 283 m² | 1 · 113 m² | 17.1 m · 5 fl. |
| 63079D0407/00H004 | Wallonia | 153 m² | 1 · 165 m² | 10.9 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.
Structure & network
Owners and holdings
3 holdings · 4 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
- Sourceown accounts 2025Equity €5.0mResult €79,75899.75%
-
0.14%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- NAT 100%
Centre d'Accueil et de Soins aux Personnes ãgées 99.75%2 subsidiaries
- ENTOUR-AGES 99.86%
- RESIDENCE LES BEAUX CHENES 99.38%
According to the 2025 annual accounts of FIPAS 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600VMLXS16CO2OH40
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Of 806 companies in sector 64999 we hold annual accounts for 487. 106 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 (pre-2019)
Founded29-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
64210Activities of holding companies
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437930452
Also
9925:BE0437930452
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.