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Gipa

Active
Public limited companyfounded 198442 yrs activeLoveldstraat(HEU) 104, 9070 Destelbergen, BelgiumKBO/BCE: BE 0426.814.054
Summary

Gipa has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €13,982. Equity is growing by ~7.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability42▼-3
Solvency55▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.05 in 2023; short-term debt: 54.6% and cash: 0.3% of total assets), and 69.9% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 42 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
30.1%
Return on assets
0.4%
Age of the figures
21 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 d early
2024
28 d early
2023
55 d early
2022
60 d early
2021
61 d early
2020
32 d early
2019
52 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 46 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 7 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 April 1984, Gipa was incorporated.1 Total assets went from EUR 3.3 million in 2018 to EUR 4 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€1.2m▲ 0.8%
2023 · €1.2m
Total assets
€4.0m▼ 4.1%
2023 · €4.1m
Net result
€13,982▼ 57.7%
2023 · €33,059
Working capital
-€2.1m▼ 43.2%
2023 · -€1.5m
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
Line20202021202220232024
Operating result€154,650▼ 4.2%€86,900▼ 43.8%€123,847▲ 42.5%€135,796▲ 9.6%€103,124▼ 24.1%
Net result€93,099▼ 1.2%€21,624▼ 76.8%€49,595▲ 129%€33,059▼ 33.3%€13,982▼ 57.7%
Equity€943,101▲ 11.0%€964,725▲ 2.3%€1.1m▲ 9.2%€1.2m▲ 12.4%€1.2m▲ 0.8%
Total assets€3.2m▼ 0.7%€4.0m▲ 24.5%€4.0m▼ 0.5%€4.1m▲ 3.2%€4.0m▼ 4.1%
Debt€2.2m▼ 5.0%€3.0m▲ 35.1%€2.9m▼ 3.6%€2.9m=€2.7m▼ 6.2%
Working capital-€1.6m▼ 15.2%-€788,785▲ 50.1%-€1.4m▼ 74.9%-€1.5m▼ 8.6%-€2.1m▼ 43.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2020: €154,650€154,650Net result 2020: €93,099€93,099Operating result 2021: €86,900€86,900Net result 2021: €21,624€21,624Operating result 2022: €123,847€123,847Net result 2022: €49,595€49,595Operating result 2023: €135,796€135,796Net result 2023: €33,059€33,059Operating result 2024: €103,124€103,124Net result 2024: €13,982€13,98220202021202220232024€0€50,000€100,000€150,000Operating result 2022: €123,847€124,000Net result 2022: €49,595€49,600Operating result 2023: €135,796€136,000Net result 2023: €33,059€33,100Operating result 2024: €103,124€103,000Net result 2024: €13,982€14,000202220232024
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.0m
Fixed assets €3.9m ▼ 2.9%
Current assets €22,185 ▼ 69.9%
Equity and liabilities €4.0m
Equity €1.2m ▲ 0.8%
Provisions €85,674 ▼ 3.5%
Debt €2.7m ▼ 6.2%
Debt's share of the balance-sheet total falls from 69.2% to 67.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€231,803▼
2023 · €261,880
Cash flow
€142,661▼
2023 · €159,143
Current ratio
0.01▼
2023 · 0.05
Debt to equity
2.25▼
2023 · 2.42
ROE
1.2%▼
2023 · 2.8%
ROA
0.4%▼
2023 · 0.8%
Interest coverage
2.68▼
2023 · 2.97
Debt ≤ 1 year
€2.2m▲
2023 · €1.6m
Debt > 1 year
€408,565▼
2023 · €1.2m
Income taxes
€9,974▼
2023 · €20,246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,732 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 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 14,732 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines
Balance sheet Code20232024
Assets
Total assets20/58€4.1m€4.0m▼
Fixed assets21/28€4.1m€3.9m▼
Tangible fixed assets22/27€4.0m€3.9m▼
Land and buildings22€4.0m€3.9m▼
Financial fixed assets28€80,786€80,786=
Current assets29/58€73,676€22,185▼
Amounts receivable within one year40/41-€5,026
Other amounts receivable41-€5,026
Cash at bank and in hand54/58€56,528€10,490▼
Deferred charges and accrued income490/1€17,148€6,669▼
Equity and liabilities
Total equity and liabilities10/49€4.1m€4.0m▼
Equity10/15€1.2m€1.2m▲
Contributions10/11€580,900€580,900=
Capital10€580,900€580,900=
Issued capital100€580,900€580,900=
Reserves13€338,348€352,331▲
Non-distributable reserves130/1€10,839€10,839=
Legal reserve130€10,839€10,839=
Tax-exempt reserves132€211,324€203,961▼
Distributable reserves133€116,185€137,530▲
Profit (loss) carried forward14€128,130€128,130=
Investment grants15€137,122€132,880▼
Provisions and deferred taxes16€88,767€85,674▼
Deferred taxes168€88,767€85,674▼
Amounts payable17/49€2.9m€2.7m▼
Amounts payable after more than one year17€1.2m€408,565▼
Financial debts170/4€1.2m€408,565▼
Amounts payable within one year42/48€1.6m€2.2m▲
Current portion of amounts payable after more than one year42€164,676€805,880▲
Financial debts43-€5,000
Credit institutions430/8-€5,000
Trade debts44€2,213€2,787▲
Suppliers440/4€2,213€2,787▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€46,498€20,246▼
Taxes450/3€46,498€20,246▼
Other amounts payable47/48€1.4m€1.3m▼
Accrued charges and deferred income492/3€77,334€110,850▲
Income statement Code20232024
Non-recurring operating income76A€103€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126,084€128,679▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4,078€0▼
Other operating charges640/8€15,970€18,149▲
Gross operating margin9900€281,929€249,951▼
Operating profit (loss)9901€135,796€103,124▼
Financial income75/76B€2,490€4,242▲
Recurring financial income75€2,490€4,242▲
Financial charges65/66B€88,074€86,502▼
Recurring financial charges65€88,074€86,502▼
Profit (loss) for the period before taxes9903€50,212€20,863▼
Transfer from deferred taxes780€3,093€3,093=
Income taxes67/77€20,246€9,974▼
Profit (loss) for the period9904€33,059€13,982▼
Transfer from tax-exempt reserves789€7,362€7,362=
Profit (loss) for the period to be appropriated9905€40,421€21,345▼
Appropriation of the result
Profit (loss) to be appropriated9906€168,551€149,475▼
Profit (loss) brought forward from the previous period14P€128,130€128,130=
Transfer to equity691/2€40,421€21,345▼
To other reserves6921€40,421€21,345▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A---€103€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83,558€88,276€98,492€126,084€128,679▲ 2.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€4,078€0▼ 100%
Other operating charges640/8-€13,517€13,754€15,970€18,149▲ 13.6%
Gross operating margin9900€251,655€188,692€236,093€281,929€249,951▼ 11.3%
Operating profit (loss)9901€154,650€86,900€123,847€135,796€103,124▼ 24.1%
Financial income75/76B--€999€2,490€4,242▲ 70.3%
Recurring financial income75--€999€2,490€4,242▲ 70.3%
Financial charges65/66B-€54,489€50,334€88,074€86,502▼ 1.8%
Recurring financial charges65€61,442€54,489€50,334€88,074€86,502▼ 1.8%
Profit (loss) for the period before taxes9903€93,208€32,411€74,513€50,212€20,863▼ 58.4%
Transfer from deferred taxes780-€576€1,333€3,093€3,093=
Income taxes67/77€685€11,363€26,252€20,246€9,974▼ 50.7%
Profit (loss) for the period9904€93,099€21,624€49,595€33,059€13,982▼ 57.7%
Transfer from tax-exempt reserves789-€1,371€3,174€7,362€7,362=
Profit (loss) for the period to be appropriated9905€94,470€22,995€52,769€40,421€21,345▼ 47.2%
Line20202021202220232024Change
Assets
Total assets20/58€3.2m€4.0m€4.0m€4.1m€4.0m▼ 4.1%
Fixed assets21/28€3.2m€3.5m€3.9m€4.1m€3.9m▼ 2.9%
Tangible fixed assets22/27€3.1m€3.4m€3.9m€4.0m€3.9m▼ 3.0%
Land and buildings22-€3.4m€3.9m€4.0m€3.9m▼ 3.0%
Financial fixed assets28€80,786€80,786€80,786€80,786€80,786=
Current assets29/58€16,015€549,521€60,235€73,676€22,185▼ 69.9%
Amounts receivable within one year40/41-€490,986€0-€5,026-
Other amounts receivable41-€490,986€0-€5,026-
Cash at bank and in hand54/58€5,387€52,828€52,943€56,528€10,490▼ 81.4%
Deferred charges and accrued income490/1-€5,707€7,292€17,148€6,669▼ 61.1%
Equity and liabilities
Total equity and liabilities10/49€3.2m€4.0m€4.0m€4.1m€4.0m▼ 4.1%
Equity10/15€943,101€964,725€1.1m€1.2m€1.2m▲ 0.8%
Contributions10/11€580,900€580,900€580,900€580,900€580,900=
Capital10-€580,900€580,900€580,900€580,900=
Issued capital100-€580,900€580,900€580,900€580,900=
Reserves13€234,070€255,695€305,289€338,348€352,331▲ 4.1%
Non-distributable reserves130/1-€10,839€10,839€10,839€10,839=
Legal reserve130-€10,839€10,839€10,839€10,839=
Tax-exempt reserves132-€221,860€218,686€211,324€203,961▼ 3.5%
Distributable reserves133-€22,995€75,764€116,185€137,530▲ 18.4%
Profit (loss) carried forward14€128,130€128,130€128,130€128,130€128,130=
Investment grants15--€39,596€137,122€132,880▼ 3.1%
Provisions and deferred taxes16€93,769€93,193€91,859€88,767€85,674▼ 3.5%
Deferred taxes168-€93,193€91,859€88,767€85,674▼ 3.5%
Amounts payable17/49€2.2m€3.0m€2.9m€2.9m€2.7m▼ 6.2%
Amounts payable after more than one year17€553,685€1.6m€1.4m€1.2m€408,565▼ 66.4%
Financial debts170/4-€1.6m€1.4m€1.2m€408,565▼ 66.4%
Amounts payable within one year42/48€1.6m€1.3m€1.4m€1.6m€2.2m▲ 37.9%
Current portion of amounts payable after more than one year42-€135,896€186,949€164,676€805,880▲ 389%
Financial debts43----€5,000-
Credit institutions430/8----€5,000-
Trade debts44€8,889€16,978€40,998€2,213€2,787▲ 25.9%
Suppliers440/4-€16,978€40,998€2,213€2,787▲ 25.9%
Advances received on contracts in progress46-€450€450€0--
Taxes, remuneration and social security45-€11,363€37,614€46,498€20,246▼ 56.5%
Taxes450/3-€11,363€37,614€46,498€20,246▼ 56.5%
Other amounts payable47/48-€1.2m€1.2m€1.4m€1.3m▼ 1.8%
Accrued charges and deferred income492/3-€72,206€50,709€77,334€110,850▲ 43.3%
Line20202021202220232024Change
Profit (loss) for the period9904€93,099€21,624€49,595€33,059€13,982▼ 57.7%
+ Depreciation and write-downs630€83,558€88,276€98,492€126,084€128,679▲ 2.1%
Operating cash flow (approximation)€176,658€109,900€148,087€159,143€142,661▼ 10.4%
Investment in fixed assets (approximation)--€347,454-€568,514-€239,659-€9,980▲ 95.8%
Change in cash-€47,441€115€3,585-€46,038▼ 1,384%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €13,982 ▼57.7%
Net result drops to €13,982, the lowest in the series.
06-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Equity above €1mEq €1.1m ▲9.2%
5 profitable years in a row build equity to €1.1m.
31-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Highest result since 2018net €94,261 ▲39%
Operating result €161,364, net result €94,261, both a record.
26-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Destelbergen · 1 establishment unit since 1998
seat establishment The establishment unit on the map
Ground area
5,097 m²
Building footprint
327 m²
Volume, LiDAR
1,711 m³
Parcel 44028B0250/00C000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Loveldstraat(HEU) 104, 9070 Destelbergen
Insurance, reinsurance and pension funding, except compulsory social security
since 19982.024.561.729
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44028B0250/00C000 Flanders 5,097 m² 1 · 327 m² 10.3 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.

Recognitions · licences · registrations

Legal Entity Identifier

5493006XSGGUZ3MP2O74
no longer live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded14-04-1984
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.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.