LIP-E

Active

Private limited companyfounded 20206 yrs activeGenkersteenweg 195, 3500 Hasselt, BelgiumKBO/BCE: BE 0745.537.941

LIP-E has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403k and a net result of €-238k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 84% of 8862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Watch Print / PDF

Checked score

Score 2025

70 / 100

Healthy▲ +33 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency100▲+75

Growth52=

Stability100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 4.9 against 1.19 in 2024), and 21.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2122232425

2021 to 2025 · latest year -€238k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

21 d early

2024

23 d early

2023

27 d early

2022

19 d early

2021

1 d early

2020

1 d early

← before the deadline after the deadline →

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 months

Position in the running window

05-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€403k▼ 37.2%

2024 · €641k

2021: €195k 2022: €182k 2023: €1.17M 2024: €641k

2021 → 2025

Total assets

€512k▼ 88.9%

2024 · €4.60M

2021: €5.33M 2022: €12.98M 2023: €6.53M 2024: €4.60M

2021 → 2025

Net result

€-238k▲ 55.0%

2024 · €-529k

2021: €-6k 2022: €-13k 2023: €989k 2024: €-529k

2021 → 2025

Working capital

€407k▼ 45.3%

2024 · €744k

2021: €2.47M 2022: €234k 2023: €1.24M 2024: €744k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€195k-€182k▼ 6.6%€1.17M▲ 544%€641k▼ 45.2%€403k▼ 37.2%

Operating result€3k-€-13k€1.68M€-196k€-260k▼ 32.7%

Net result€-6k-€-13k▼ 127%€989k€-529k€-238k▲ 55.0%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €260k in 2025 against €196k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €512k

78.7%

21.3%

Equity €403k▼ 37.2%

Debt €109k▼ 97.2%

The debt ratio falls from 86.1% to 21.3%: debt falls faster than equity shrinks.

Key figures and ratios

2025 value · change against 2024

Solvency

78.7%▲

2024 · 13.9%

Current ratio

4.90▲

2024 · 1.19

Quick ratio

3.46▲

2024 · 1.10

Debt / equity

0.27▼

2024 · 6.17

ROE

-59.2%▲

2024 · -82.6%

ROA

-46.6%▼

2024 · -11.5%

Debt

€109k▼

2024 · €3.95M

Debt ≤ 1 year

€104k▼

2024 · €3.85M

Income taxes

€1

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

Total assets 20/58€4.60M€512k▼

Current assets 29/58€4.60M€512k▼

Stocks & contracts in progress 3€343k€150k▼

Amounts receivable within one year 40/41€4.16M€331k▼

Cash & bank 54/58€97k€8k▼

Total equity & liabilities 10/49€4.60M€512k▼

Equity 10/15€641k€403k▼

Contributions / capital 10/11€200k€200k=

Reserves 13€970k€203k▼

Accumulated profits (losses) 14€-529k-

Amounts payable 17/49€3.95M€109k▼

Amounts payable within one year 42/48€3.85M€104k▼

Trade debts payable within one year 44€1.55M€104k▼

Income statement Code20242025

Gross operating margin 9900€-144k€-225k▼

Operating result 9901€-196k€-260k▼

Financial income 75€58€22k▲

Financial charges 65€334k€966▼

Result before taxes 9903€-529k€-238k▲

Income taxes 67/77-€1

Net result for the period 9904€-529k€-238k▲

Result to be appropriated 9905€-529k€-238k▲

Timeline · acts, filings and financial milestones

All 12Financial 4Gazette 2Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Liquidity quadruplescurrent ratio 4.90

Current ratio from 1.19 to 4.90; short-term debt falls from €3.85M to €104k.

08-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

22-01

State Gazette act Director changes

2024

31-12

Financial Weakest financial yearnet €-529k ▼154%

Net result drops to €-529k, the lowest in the series; recovery starts the following year.

04-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

07-02

State Gazette act Director changes

2023

31-12

Financial Back to profitnet €989k

Net result €989k after 2 loss-making years.

31-12

Financial Equity above €1MEq €1.17M ▲544%

Equity rises from €182k to €1.17M.

12-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

2 of 3 acts read

About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not 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.