GIPCOR
ActiveGIPCOR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.50M and a net result of €32k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 91% of 1004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-1
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 6.07 against 6.24 in 2024; short-term debt: 10.7% and cash: 2.4% of total assets), and 11.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
88.6%
Return on assets
1.1%
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 29-08-2026, 29 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
29 d late
2024
29 d late
2023
31 d late
2022
30 d late
2021
30 d late
2020
30 d late
2019
30 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€16k▲ 5.8%
2024 · €15k
2018: €63k
2019: €33k
2020: €828
2021: €8k
2022: €11k
2023: €13k
2024: €15k
2018 → 2025
EBIT margin
-86.3%▲ 0.3pp
2024 · -86.6%
2018: 92.8%
2019: 4.4%
2020: -1070.8%
2021: -628.5%
2022: -69.0%
2023: -142.5%
2024: -86.6%
2018 → 2025
Net result
€32k▼ 49.1%
2024 · €62k
2018: €1.50M
2019: €6k
2020: €9k
2021: €16k
2022: €18k
2023: €33k
2024: €62k
2018 → 2025
Working capital
€1.53M▼ 3.2%
2024 · €1.58M
2018: €2.32M
2019: €2.32M
2020: €2.13M
2021: €1.86M
2022: €1.85M
2023: €1.90M
2024: €1.58M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8k-€11k▲ 46.9%€13k▲ 15.9%€15k▲ 14.2%€16k▲ 5.8%
Equity€2.35M-€2.37M▲ 0.8%€2.40M▲ 1.4%€2.46M▲ 2.6%€2.50M▲ 1.3%
Operating result€-47k-€-8k▲ 83.9%€-18k▼ 139%€-13k▲ 30.6%€-13k▼ 5.4%
Net result€16k-€18k▲ 7.5%€33k▲ 84.5%€62k▲ 91.0%€32k▼ 49.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €13k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.82M
Fixed assets
€982k▲ 9.1%
Current assets
€1.83M▼ 2.7%
Equity and liabilities €2.82M
Equity
€2.50M▲ 1.3%
Debt
€321k▲ 0.1%
The debt ratio falls from 11.5% to 11.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▼
2024 · €7k
Cash flow
€52k▼
2024 · €82k
Solvency
88.6%▲
2024 · 88.5%
Current ratio
6.07▼
2024 · 6.24
Quick ratio
6.07▼
2024 · 6.24
Debt / equity
0.13▼
2024 · 0.13
ROE
1.3%▼
2024 · 2.5%
ROA
1.1%▼
2024 · 2.2%
Interest coverage
0.36▼
2024 · 0.39
Debt
€321k▲
2024 · €321k
Debt ≤ 1 year
€302k=
2024 · €302k
Income taxes
€14k▼
2024 · €26k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.78M€2.82M▲
Fixed assets21/28€900k€982k▲
Tangible fixed assets22/27€299k€281k▼
Land and buildings22€271k€262k▼
Furniture and vehicles24€28k€19k▼
Financial fixed assets28€601k€701k▲
Current assets29/58€1.88M€1.83M▼
Amounts receivable within one year40/41€13k€16k▲
Trade receivables40€2k€3k▲
Other amounts receivable41€11k€13k▲
Current investments50/53€1.45M€1.75M▲
Cash at bank and in hand54/58€416k€68k▼
Deferred charges and accrued income490/1€5k€420▼
Equity and liabilities
Total equity and liabilities10/49€2.78M€2.82M▲
Equity10/15€2.46M€2.50M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€95k€126k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€89k€120k▲
Profit (loss) carried forward14€2.31M€2.31M=
Amounts payable17/49€321k€321k▲
Amounts payable within one year42/48€302k€302k=
Financial debts43€300k€300k=
Other loans439€300k€300k=
Trade debts44€53€60▲
Suppliers440/4€53€60▲
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€19k€19k▲
Income statement
Code20242025
Turnover70€15k€16k▲
Goods, raw materials, services and sundry goods60/61€7k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€8k€8k▼
Operating profit (loss)9901€-13k€-13k▼
Financial income75/76B€118k€77k▼
Recurring financial income75€118k€77k▼
Financial charges65/66B€18k€18k▲
Recurring financial charges65€18k€18k▲
Profit (loss) for the period before taxes9903€88k€46k▼
Income taxes67/77€26k€14k▼
Profit (loss) for the period9904€62k€32k▼
Profit (loss) for the period to be appropriated9905€62k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.37M€2.34M▼
Profit (loss) brought forward from the previous period14P€2.30M€2.31M▲
Transfer to equity691/2€60k€32k▼
To other reserves6921€60k€32k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Liquidity times 23current ratio 5177.38
Current ratio from 221.31 to 5177.38; short-term debt falls from €11k to €412.
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 30 days late
2019
31-12
Financial
Weakest financial yearnet €6k ▼99.6%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 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, Seraing · 1 establishment unit since 1996
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.
Rue Couperin 444100 SeraingGround area
968 m²
Building footprint
147 m²
Volume, LiDAR
949 m³
Parcel 62019B0414/00P000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Couperin 44, 4100 Seraing
since 19962.075.681.719
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62019B0414/00P000 | Wallonia | 968 m² | 1 · 147 m² | 9.0 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
894500JDSLOLB9FZAQ45
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Of 2,266 companies in sector 69209 we hold annual accounts for 1,097. 408 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-02-1996
Fiscal year end31-12
Activities, NACEBEL
69202Legal and accounting activities
69209Other tax advisory services
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.