JOOST PIPELEERS
ActiveSummary
JOOST PIPELEERS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88k and a net result of €23k. Equity is shrinking by ~25.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 20% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-12
Solvency43▼-23
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 15.86 in 2024; short-term debt: 27.4% and cash: 40.1% of total assets), but 81.7% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
18.3%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 20%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 d early
2024
14 d early
2023
13 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€88k▼ 54.3%
2024 · €192k
2023: €177k
2024: €192k
2023 → 2025
Total assets
€481k▲ 3.7%
2024 · €464k
2023: €469k
2024: €464k
2023 → 2025
Net result
€23k▲ 53.2%
2024 · €15k
2023: €36k
2024: €15k
2023 → 2025
Working capital
€96k▼ 48.6%
2024 · €186k
2023: €194k
2024: €186k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€177k-€192k▲ 8.4%€88k▼ 54.3%
Operating result€39k-€28k▼ 28.5%€50k▲ 79.6%
Net result€36k-€15k▼ 59.3%€23k▲ 53.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 80% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €481k
Fixed assets
€253k ▼ 4.4%
Current assets
€228k ▲ 14.4%
Equity and liabilities €481k
Equity
€88k ▼ 54.3%
Debt
€393k ▲ 44.7%
Debt's share of the balance-sheet total rises from 58.6% to 81.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€65k▲
2024 · €37k
Cash flow
€38k▲
2024 · €24k
Current ratio
1.73▼
2024 · 15.86
Debt to equity
4.48▲
2024 · 1.41
ROE
25.9%▲
2024 · 7.7%
ROA
4.7%▲
2024 · 3.2%
Interest coverage
4.21▼
2024 · 5.96
Debt ≤ 1 year
€132k▲
2024 · €13k
Debt > 1 year
€251k▼
2024 · €259k
Income taxes
€13k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€464k€481k▲
Fixed assets21/28€265k€253k▼
Tangible fixed assets22/27€265k€253k▼
Land and buildings22€239k€237k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€19k€12k▼
Current assets29/58€199k€228k▲
Amounts receivable within one year40/41€35k€32k▼
Trade receivables40€25k€25k=
Other amounts receivable41€10k€7k▼
Cash at bank and in hand54/58€162k€193k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€464k€481k▲
Equity10/15€192k€88k▼
Contributions10/11€1k€1k=
Reserves13€191k€87k▼
Distributable reserves133€191k€87k▼
Amounts payable17/49€272k€393k▲
Amounts payable after more than one year17€259k€251k▼
Financial debts170/4€119k€111k▼
Other amounts payable178/9€140k€140k=
Amounts payable within one year42/48€13k€132k▲
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€810€1k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€234€120k▲
Accrued charges and deferred income492/3€207€10k▲
Income statement
Code20242025
Non-recurring operating income76A€337-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€15k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€39k€67k▲
Operating profit (loss)9901€28k€50k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€6k€15k▲
Recurring financial charges65€6k€15k▲
Profit (loss) for the period before taxes9903€24k€36k▲
Income taxes67/77€9k€13k▲
Profit (loss) for the period9904€15k€23k▲
Profit (loss) for the period to be appropriated9905€15k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€23k▲
Transfer from equity791/2-€127k
Transfer to equity691/2€15k€23k▲
To other reserves6921€15k€23k▲
Profit to be distributed694/7-€127k
Return on contributions (dividend)694-€127k
The notes to these accounts (8 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €15k ▼59.3%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Tongeren-Borgloon · 1 establishment unit since 2008
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.
Rullecovenstraat 1063840 Tongeren-BorgloonGround area
1,504 m²
Building footprint
151 m²
Volume, LiDAR
842 m³
Parcel 73036B0368/00S000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Joost Pipeleers VOF
since 20082.169.618.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73036B0368/00S000 | Flanders | 1,504 m² | 1 · 151 m² | 10.1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 148 EUR awarded · 148 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 148 EUR | 148 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
HB Services Group
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YW Industrial Piping
BE 0837.500.473
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JORDENS LEON
BE 0423.933.649
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SBMR
BE 0751.890.649
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Ansa Projects
BE 0773.839.175
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 3,066 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-2008
Fiscal year end31-12
Abbreviation NL
JOOST en FARFALLE
Activities, NACEBEL 2025
43221Plumbing work
28250Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
81220Other building cleaning and industrial cleaning
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.