GOETHALS – LIPPENS
ActiveGOETHALS – LIPPENS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372k and a net result of €151k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 30% of 405 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-5
Solvency52▼-11
Growth78=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.58 in 2024; short-term debt: 66.2% and cash: 9.4% of total assets), and 73% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
27%
Return on assets
10.9%
Age of the figures
9 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 06-07-2026, 25 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
25 d early
2024
61 d late
2023
61 d late
2022
24 d late
2021
54 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€372k▼ 21.6%
2024 · €475k
2021: €130k
2022: €384k
2023: €414k
2024: €475k
2021 → 2025
Total assets
€1.38M▲ 9.5%
2024 · €1.26M
2021: €1.12M
2022: €1.36M
2023: €1.22M
2024: €1.26M
2021 → 2025
Net result
€151k▼ 18.8%
2024 · €186k
2021: €125k
2022: €254k
2023: €30k
2024: €186k
2021 → 2025
Working capital
€319k▼ 24.3%
2024 · €422k
2021: €137k
2022: €361k
2023: €372k
2024: €422k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€130k-€384k▲ 196%€414k▲ 7.8%€475k▲ 14.8%€372k▼ 21.6%
Operating result€173k-€375k▲ 117%€52k▼ 86.2%€295k▲ 471%€235k▼ 20.4%
Net result€125k-€254k▲ 103%€30k▼ 88.2%€186k▲ 520%€151k▼ 18.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€147k▲ 34.4%
Current assets
€1.23M▲ 7.2%
Equity and liabilities €1.38M
Equity
€372k▼ 21.6%
Debt
€1.01M▲ 28.4%
The debt ratio rises from 62.3% to 73.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€275k▼
2024 · €325k
Cash flow
€191k▼
2024 · €216k
Solvency
27.0%▼
2024 · 37.7%
Current ratio
1.35▼
2024 · 1.58
Quick ratio
1.12▼
2024 · 1.15
Debt / equity
2.71▲
2024 · 1.65
ROE
40.6%▲
2024 · 39.2%
ROA
10.9%▼
2024 · 14.8%
Interest coverage
17.57▲
2024 · 15.51
Debt
€1.01M▲
2024 · €785k
Debt ≤ 1 year
€914k▲
2024 · €729k
Debt > 1 year
€94k▲
2024 · €56k
Income taxes
€68k▼
2024 · €89k
Staff costs
€166k▼
2024 · €186k
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€1.26M€1.38M▲
Fixed assets21/28€110k€147k▲
Intangible fixed assets21€4k€762▼
Tangible fixed assets22/27€106k€146k▲
Land and buildings22€83k€78k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€16k€2k▼
Leasing and similar rights25€4k€66k▲
Current assets29/58€1.15M€1.23M▲
Amounts receivable after more than one year29€200k€153k▼
Trade receivables290€200k€153k▼
Stocks and contracts in progress3€310k€214k▼
Stocks30/36€223k€184k▼
Contracts in progress37€87k€30k▼
Amounts receivable within one year40/41€636k€734k▲
Trade receivables40€562k€718k▲
Other amounts receivable41€74k€16k▼
Cash at bank and in hand54/58€5k€130k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.38M▲
Equity10/15€475k€372k▼
Contributions10/11€5k€5k=
Reserves13€440k€337k▼
Distributable reserves133€440k€337k▼
Profit (loss) carried forward14€30k€30k=
Amounts payable17/49€785k€1.01M▲
Amounts payable after more than one year17€56k€94k▲
Financial debts170/4€56k€94k▲
Amounts payable within one year42/48€729k€914k▲
Current portion of amounts payable after more than one year42€61k€28k▼
Financial debts43€250k€250k=
Credit institutions430/8€250k€250k=
Trade debts44€137k€127k▼
Suppliers440/4€137k€127k▼
Taxes, remuneration and social security45€156k€255k▲
Taxes450/3€148k€232k▲
Remuneration and social security454/9€8k€23k▲
Other amounts payable47/48€125k€254k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€15k▲
Remuneration, social security and pensions62€186k€166k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€40k▲
Other operating charges640/8€11k€9k▼
Gross operating margin9900€522k€450k▼
Operating profit (loss)9901€295k€235k▼
Financial income75/76B€902€93▼
Recurring financial income75€902€93▼
Financial charges65/66B€21k€16k▼
Recurring financial charges65€21k€16k▼
Profit (loss) for the period before taxes9903€275k€219k▼
Income taxes67/77€89k€68k▼
Profit (loss) for the period9904€186k€151k▼
Profit (loss) for the period to be appropriated9905€186k€151k▼
Appropriation of the result
Profit (loss) to be appropriated9906€216k€181k▼
Profit (loss) brought forward from the previous period14P€30k€30k=
Transfer from equity791/2€125k€254k▲
Transfer to equity691/2€186k€151k▼
To other reserves6921€186k€151k▼
Profit to be distributed694/7€125k€254k▲
Return on contributions (dividend)694€125k€254k▲
Social balance
Average headcount (FTE)90873.32.5▼
The notes to these accounts (13 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €30k ▼88.2%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Highest result since 2021net €254k ▲103%
Operating result €375k, net result €254k, both a record.
31-12
Financial
Equity above €200kEq €384k ▲196%
2 profitable years in a row build equity to €384k.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kaprijke · 1 establishment unit since 2020
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.
Vrombautstraat 109971 KaprijkeGround area
1,150 m²
Building footprint
214 m²
Volume, LiDAR
1,211 m³
Parcel 43009B0244/00E000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GOETHALS – LIPPENS
since 20202.310.427.558
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009B0244/00E000 | Flanders | 1,150 m² | 1 · 214 m² | 9.7 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.
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Of 263 companies in sector 28300 we hold annual accounts for 197. 142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2020
Fiscal year end31-12
Activities, NACEBEL
28300Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
43211General electrical installation work
43221Plumbing work
46610Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.