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Lips

Active
Public limited companyfounded 1969active for 56 yearsHeistlaan 27, 8301 Knokke-Heist, BelgiumKBO/BCE: BE 0406.904.508

From the official registers: KBO 47 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Lips has been active since 1969 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.8m and a net result of €3.6m. Equity has been growing by about 7.1% per year since 2018. Its solvency ranks better than 56% of 5,036 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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LipsActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Overview

Official details

KBO
Status
Active since 26-11-1969 Normal situation
Activity
Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
Establishment unit
2.003.467.692 8301 Knokke-Heist, since 01-02-1970
Financial year end
31 December
Peppol
Reachable since 27-03-2026
Company details

Board and ownership

Board
  • BELISYDirector · since 24-11-2023 · permanent representative Benoit Lips
  • SYMAXDirector · since 24-11-2023 · permanent representative Sylvie Lips
Auditor
Ernst et Young Reviseurs d'Entreprises
Shareholders
Board & ownership

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€39.5m
▲ 7.2%
Profit
€3.6m
▲ 101%
Equity
€4.8m
▲ 51.7%
Total assets
€11.6m
▲ 18.3%
Staff
75.9 FTE
▲ 20.7%
Filed on 08-05-2026, 84 days before the deadlinePDF
Financials
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskSize: turnover €39.5m, 75.9 FTE, total assets €11.6mFounded in 1969Profit of €3.6m (financial year 2025)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 73% of medium-sized companies in retail trade (NACE 47)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 66+9
equity 41.3% of total assets
Liquidity 37-5
short-term debt 44.4% · cash 7.0%
Profitability 93+13
return on assets 31.3%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (385 companies, NACE 47, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026highest value 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: 0.1%● unchanged vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value
Credit of up to €450,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (0.93 in 2024), below the usual 1.5. Short-term debt is 44.4% and cash 7% of total assets. 58.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized). It does better than 67% of them on solvency, 51% on liquidity, 96% on profitability and 77% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €39.5m, 75.9 FTE, total assets €11.6m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1969
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Profit of €3.6m (financial year 2025)
NBB · annual accounts
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
84 days early
2024
56 days early
2023
34 days early
2022
27 days late
2021
29 days late
2020
57 days early
2019
63 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (4 of the last 5 accounts filed within 60 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 08-05-2026 PDF all 47 filings

Turnover
€39.5m▲ 7.2%
2024 · €36.9m
EBIT margin
12.4%▲ 5.8pp
2024 · 6.7%
Net result
€3.6m▲ 101%
2024 · €1.8m
Working capital
€1.5m
2024 · -€357,014
In the rankings #1 employer in Knokke-Heist, Wholesale and retail trade sector#3 oldest company in Knokke-Heist, Wholesale and retail trade sector#7 company by staff growth in Knokke-Heist
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 100% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Turnover€39.5m 2025 Operating result€4.9m 2025 Net result€3.6m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€27.8m-€29.7m▲ 6.7%€30.5m▲ 2.5%€29.9m▼ 1.9%€30.3m▲ 1.4%€34.4m▲ 13.7%€36.9m▲ 7.0%€39.5m▲ 7.2%
Operating result€1.9m-€2.0m▲ 4.8%€2.1m▲ 4.6%€1.7m▼ 15.6%€1.0m▼ 45.0%€2.3m▲ 141%€2.5m▲ 6.4%€4.9m▲ 99.8%
Net result€1.3m-€1.4m▲ 5.9%€1.6mabove the sector's middle half▲ 15.4%€1.2mabove the sector's middle half▼ 24.2%€0.7mabove the sector's middle half▼ 44.6%€1.7mabove the sector's middle half▲ 146%€1.8mabove the sector's middle half▲ 9.1%€3.6mabove the sector's middle half▲ 101%
EBIT margin6.8%-6.6%▼ 0.1pp6.8%▲ 0.1pp5.8%▼ 0.9pp3.2%▼ 2.7pp6.7%▲ 3.5pp6.7%=12.4%▲ 5.8pp
Equity€2.7m-€2.7m▲ 1.3%€2.8mabove the sector's middle half▲ 2.1%€3.1mabove the sector's middle half▲ 13.6%€3.4mabove the sector's middle half▲ 7.2%€3.6mabove the sector's middle half▲ 7.1%€3.2mabove the sector's middle half▼ 12.4%€4.8mabove the sector's middle half▲ 51.7%
Total assets€11.3m-€9.8m▼ 13.7%€7.6mabove the sector's middle half▼ 22.3%€7.3mabove the sector's middle half▼ 3.2%€9.9mabove the sector's middle half▲ 34.4%€10.4mabove the sector's middle half▲ 4.9%€9.8mabove the sector's middle half▼ 5.1%€11.6mabove the sector's middle half▲ 18.3%
Debt€8.6m-€7.1m▼ 18.3%€4.8m▼ 31.7%€4.2m▼ 12.8%€6.5m▲ 54.7%€6.7m▲ 3.8%€6.7m▼ 1.2%€6.8m▲ 2.4%
Working capital€0.8m--€0.04m-€1.3mbelow the sector's middle half▼ 3,019%-€0.8mbelow the sector's middle half▲ 42.0%-€0.8mbelow the sector's middle half▼ 5.3%-€0.2mbelow the sector's middle half▲ 71.8%-€0.4mbelow the sector's middle half▼ 55.8%€1.5mabove the sector's middle half
Solvency23.6%-27.7%▲ 4.1pp36.5%within the sector's middle half▲ 8.7pp42.8%within the sector's middle half▲ 6.3pp34.1%within the sector's middle half▼ 8.7pp34.8%within the sector's middle half▲ 0.7pp32.2%within the sector's middle half▼ 2.7pp41.3%within the sector's middle half▲ 9.1pp
Current ratio1.15-0.99▼ 0.160.70below the sector's middle half▼ 0.300.79below the sector's middle half▲ 0.100.80below the sector's middle half▲ 0.010.95below the sector's middle half▲ 0.150.93below the sector's middle half▼ 0.031.29within the sector's middle half▲ 0.37
Return on assets (ROA)11.6%-14.2%▲ 2.6pp21.1%above the sector's middle half▲ 6.9pp16.5%above the sector's middle half▼ 4.6pp6.8%within the sector's middle half▼ 9.7pp16.0%above the sector's middle half▲ 9.2pp18.4%above the sector's middle half▲ 2.4pp31.3%above the sector's middle half▲ 12.9pp
Staff (FTE)54.3-64.2▲ 18.2%65.3above the sector's middle half▲ 1.7%74.9above the sector's middle half▲ 14.7%50.2above the sector's middle half▼ 33.0%45.8above the sector's middle half▼ 8.8%62.9above the sector's middle half▲ 37.3%75.9above the sector's middle half▲ 20.7%
above within below The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.6m
Fixed assets €5.0m ▼ 8.3%
Current assets €6.7m ▲ 50.8%
Equity and liabilities €11.6m
Equity €4.8m ▲ 51.7%
Debt €6.8m ▲ 2.4%
Debt's share of the balance-sheet total falls from 67.8% to 58.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5.7m▲
2024 · €3.3m
Cash flow
€4.5m▲
2024 · €2.6m
Quick ratio
1.05▲
2024 · 0.69
Debt to equity
1.42▼
2024 · 2.11
ROE
75.8%▲
2024 · 57.3%
Interest coverage
52.06▲
2024 · 25.35
Debt ≤ 1 year
€5.2m▲
2024 · €4.8m
Debt > 1 year
€1.5m▼
2024 · €1.6m
Income taxes
€1.2m▲
2024 · €589,360
Customer credit
8 days▲
2024 · 6 days
Supplier credit
32 days▲
2024 · 26 days
Staff costs
€3.1m▲
2024 · €3.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Lips: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €3.8m and €11m, founded between 1982 and 1992.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
Lips Knokke-Heist1969€11.6m€4.8m€39.5m€3.6m75.92025
GEEVO Deinze1992€8.7m€3.1m€42.9m€0.9m79.32025
GEEFI Deinze1992€8.0m€3.6m€42.8m€0.9m692025
Delvith Sankt Vith1992€11.4m€3.9m€28.7m€1.5m88.92025
DB CENTER Beernem1982€5.7m€3.6m€19.8m€1.4m57.22025
DELHOME Asse1987€8.4m€0.07m€40.3m€1.2m42.62025
Izock Grimbergen1983€3.8m€2.2m€29.9m€0.4m75.52026

They were chosen from the 5,985 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 1,579 companies had the same profile as Lips has now. Two years later, 0.1% had gone bankrupt and 96.7% were still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
96.7% was still going

That fits the bankruptcy probability of Lips itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,579 companies, not a prediction for Lips. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Subsidies and aid

Flemish government

2022 to 2025 · 7 entries · €46,835 awarded · €16,343 paid
Year Entries AwardedPaid
2025 3 €98€13,166
2024 2 €44,243€2,063
2023 1 €1,984€604
2022 1 €510€510
Schemes
3 entries · €43,560 · €13,068 paid · Fonds voor Innoveren en Ondernemen
4 entries · €3,275 · €3,275 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 81 lines

Source: Annual accounts 2025 (PDF), filed on 08-05-2026.

Balance sheet Code20242025
Assets
Total assets20/58€9.8m€11.6m▲
Fixed assets21/28€5.4m€5.0m▼
Intangible fixed assets21€0.007m€0.003m▼
Tangible fixed assets22/27€5.4m€5.0m▼
Land and buildings22€4.2m€3.8m▼
Plant, machinery and equipment23€1.1m€1.0m▼
Furniture and vehicles24€0.1m€0.1m▼
Financial fixed assets28€50€50=
Other financial fixed assets284/8€50€50=
Amounts receivable and cash guarantees285/8€50€50=
Current assets29/58€4.4m€6.7m▲
Stocks and contracts in progress3€1.1m€1.2m▲
Stocks30/36€1.1m€1.2m▲
Goods purchased for resale34€1.1m€1.2m▲
Amounts receivable within one year40/41€0.7m€0.9m▲
Trade receivables40€0.6m€0.8m▲
Other amounts receivable41€0.03m€0.02m▼
Current investments50/53€1.3m€3.8m▲
Other investments51/53€1.3m€3.8m▲
Cash at bank and in hand54/58€1.3m€0.8m▼
Deferred charges and accrued income490/1€0.004m€0.004m=
Equity and liabilities
Total equity and liabilities10/49€9.8m€11.6m▲
Equity10/15€3.2m€4.8m▲
Contributions10/11€0.3m€0.3m=
Capital10€0.3m€0.3m=
Issued capital100€0.3m€0.3m=
Reserves13€2.8m€4.5m▲
Non-distributable reserves130/1€0.05m€0.05m=
Legal reserve130€0.03m€0.03m=
Reserves not available under the articles1311€0.02m€0.02m=
Tax-exempt reserves132€0.4m€1.0m▲
Distributable reserves133€2.4m€3.4m▲
Amounts payable17/49€6.7m€6.8m▲
Amounts payable after more than one year17€1.6m€1.5m▼
Financial debts170/4€1.6m€1.5m▼
Credit institutions173€1.6m€1.5m▼
Amounts payable within one year42/48€4.8m€5.2m▲
Current portion of amounts payable after more than one year42€0.3m€0.3m▲
Trade debts44€2.1m€2.7m▲
Suppliers440/4€2.1m€2.7m▲
Taxes, remuneration and social security45€1.2m€1.0m▼
Taxes450/3€0.3m€0.5m▲
Remuneration and social security454/9€1.0m€0.6m▼
Other amounts payable47/48€1.2m€1.1m▼
Accrued charges and deferred income492/3€0.3m€0.2m▼
Income statement Code20242025
Operating income70/76A€38.3m€43.3m▲
Turnover70€36.9m€39.5m▲
Other operating income74€1.4m€3.7m▲
Operating charges60/66A€35.8m€38.4m▲
Goods for resale, raw materials and consumables60€29.4m€31.3m▲
Purchases600/8€29.4m€31.4m▲
Change in stocks: decrease (increase)609-€0.04m-€0.1m▼
Services and other goods61€2.6m€3.0m▲
Remuneration, social security and pensions62€3.0m€3.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.8m€0.8m▼
Other operating charges640/8€0.1m€0.2m▲
Non-recurring operating charges66A€140€98▼
Operating profit (loss)9901€2.5m€4.9m▲
Financial income75/76B€0.08m€0.1m▲
Recurring financial income75€0.08m€0.1m▲
Income from financial fixed assets750€0.05m€0.07m▲
Other financial income752/9€0.03m€0.02m▼
Financial charges65/66B€0.1m€0.1m▼
Recurring financial charges65€0.1m€0.1m▼
Debt charges650€0.1m€0.1m▼
Other financial charges652/9€0.009m€0.01m▲
Profit (loss) for the period before taxes9903€2.4m€4.9m▲
Income taxes67/77€0.6m€1.2m▲
Taxes670/3€0.6m€1.2m▲
Profit (loss) for the period9904€1.8m€3.6m▲
Transfer from tax-exempt reserves789€0.2m€0.3m▲
Transfer to tax-exempt reserves689€0€0.8m▲
Profit (loss) for the period to be appropriated9905€2.0m€3.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.0m€3.1m▲
Transfer from equity791/2€2.3m€2.0m▼
From reserves792€2.3m€2.0m▼
Transfer to equity691/2€2.0m€3.1m▲
To other reserves6921€2.0m€3.1m▲
Profit to be distributed694/7€2.3m€2.0m▼
Return on contributions (dividend)694€2.3m€2.0m▼
Social balance sheet
Average headcount (FTE)908762.975.9▲

The notes to these accounts have 74 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Operating income70/76A---€30.9m€31.4m€35.7m€38.3m€43.3m▲ 13.0%
Turnover70€27.8m€29.7m€30.5m€29.9m€30.3m€34.4m€36.9m€39.5m▲ 7.2%
Other operating income74---€1.0m€1.1m€1.3m€1.4m€3.7m▲ 159%
Operating charges60/66A---€29.1m€30.4m€33.4m€35.8m€38.4m▲ 7.0%
Goods for resale, raw materials and consumables60---€24.1m€24.9m€27.6m€29.4m€31.3m▲ 6.6%
Purchases600/8---€24.2m€24.9m€27.7m€29.4m€31.4m▲ 6.9%
Change in stocks: decrease (increase)609----€0.09m€0.01m-€0.1m-€0.04m-€0.1m▼ 215%
Services and other goods61---€1.8m€2.4m€2.7m€2.6m€3.0m▲ 15.3%
Remuneration, social security and pensions62---€2.3m€2.3m€2.1m€3.0m€3.1m▲ 4.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.7m€0.7m€0.7m€0.7m€0.7m€1.0m€0.8m€0.8m▼ 1.7%
Other operating charges640/8---€0.1m€0.2m€0.1m€0.1m€0.2m▲ 42.3%
Non-recurring operating charges66A------€140€98▼ 30.0%
Operating profit (loss)9901€1.9m€2.0m€2.1m€1.7m€1.0m€2.3m€2.5m€4.9m▲ 99.8%
Financial income75/76B---€0.008m€0.02m€0.03m€0.08m€0.1m▲ 20.4%
Recurring financial income75€0.009m€0.1m€0.2m€0.008m€0.02m€0.03m€0.08m€0.1m▲ 20.4%
Income from financial fixed assets750---€0.008m€0.01m€0.02m€0.05m€0.07m▲ 35.8%
Other financial income752/9----€0.005m€0.02m€0.03m€0.02m▼ 10.1%
Financial charges65/66B---€0.07m€0.08m€0.1m€0.1m€0.1m▼ 10.4%
Recurring financial charges65€0.1m€0.1m€0.08m€0.07m€0.08m€0.1m€0.1m€0.1m▼ 10.4%
Debt charges650€0.1m€0.1m€0.08m€0.07m€0.08m€0.09m€0.1m€0.1m▼ 15.2%
Other financial charges652/9----€39€0.03m€0.009m€0.01m▲ 58.3%
Profit (loss) for the period before taxes9903€1.8m€2.0m€2.1m€1.7m€0.9m€2.2m€2.4m€4.9m▲ 104%
Income taxes67/77€0.5m€0.6m€0.5m€0.5m€0.2m€0.6m€0.6m€1.2m▲ 112%
Taxes670/3---€0.5m€0.2m€0.6m€0.6m€1.2m▲ 112%
Tax adjustments and reversals of tax provisions77----€0.005m€0---
Profit (loss) for the period9904€1.3m€1.4m€1.6m€1.2m€0.7m€1.7m€1.8m€3.6m▲ 101%
Transfer from tax-exempt reserves789---€0.2m€0.07m€0.09m€0.2m€0.3m▲ 27.3%
Transfer to tax-exempt reserves689---€0.2m€0.2m€0.1m€0€0.8m-
Profit (loss) for the period to be appropriated9905€1.2m€1.4m€1.5m€1.2m€0.5m€1.6m€2.0m€3.1m▲ 51.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€11.3m€9.8m€7.6m€7.3m€9.9m€10.4m€9.8m€11.6m▲ 18.3%
Fixed assets21/28€5.4m€5.1m€4.5m€4.4m€6.5m€6.0m€5.4m€5.0m▼ 8.3%
Intangible fixed assets21--€0.001m€0.02m€0.01m€0.01m€0.007m€0.003m▼ 50.0%
Tangible fixed assets22/27€5.4m€5.1m€4.5m€4.3m€6.5m€6.0m€5.4m€5.0m▼ 8.2%
Land and buildings22---€2.6m€4.9m€4.5m€4.2m€3.8m▼ 8.4%
Plant, machinery and equipment23---€1.7m€1.5m€1.4m€1.1m€1.0m▼ 4.2%
Furniture and vehicles24---€0.02m€0.06m€0.04m€0.1m€0.1m▼ 33.0%
Financial fixed assets28€50€50€50€50€50€50€50€50=
Other financial fixed assets284/8---€50€50€50€50€50=
Amounts receivable and cash guarantees285/8---€50€50€50€50€50=
Current assets29/58€5.9m€4.7m€3.0m€3.0m€3.4m€4.4m€4.4m€6.7m▲ 50.8%
Stocks and contracts in progress3€0.8m€0.9m€0.9m€1.0m€1.0m€1.1m€1.1m€1.2m▲ 10.1%
Stocks30/36---€1.0m€1.0m€1.1m€1.1m€1.2m▲ 10.1%
Goods purchased for resale34---€1.0m€1.0m€1.1m€1.1m€1.2m▲ 10.1%
Amounts receivable within one year40/41€0.2m€0.4m€0.5m€0.7m€0.8m€0.8m€0.7m€0.9m▲ 30.2%
Trade receivables40---€0.6m€0.4m€0.5m€0.6m€0.8m▲ 32.4%
Other amounts receivable41---€0.2m€0.4m€0.3m€0.03m€0.02m▼ 25.0%
Current investments50/53€3.1m€2.0m€0.2m€0.2m€0.4m€1.0m€1.3m€3.8m▲ 183%
Other investments51/53---€0.2m€0.4m€1.0m€1.3m€3.8m▲ 183%
Cash at bank and in hand54/58€1.7m€1.3m€1.5m€1.0m€1.2m€1.5m€1.3m€0.8m▼ 37.8%
Deferred charges and accrued income490/1---€0.004m€0.01m€0.01m€0.004m€0.004m=
Equity and liabilities
Total equity and liabilities10/49€11.3m€9.8m€7.6m€7.3m€9.9m€10.4m€9.8m€11.6m▲ 18.3%
Equity10/15€2.7m€2.7m€2.8m€3.1m€3.4m€3.6m€3.2m€4.8m▲ 51.7%
Contributions10/11€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Capital10---€0.3m€0.3m€0.3m€0.3m€0.3m=
Issued capital100---€0.3m€0.3m€0.3m€0.3m€0.3m=
Reserves13€2.4m€2.4m€2.4m€2.8m€3.0m€3.3m€2.8m€4.5m▲ 57.6%
Non-distributable reserves130/1---€0.05m€0.05m€0.05m€0.05m€0.05m=
Legal reserve130---€0.03m€0.03m€0.03m€0.03m€0.03m=
Reserves not available under the articles1311---€0.02m€0.02m€0.02m€0.02m€0.02m=
Tax-exempt reserves132---€0.5m€0.6m€0.7m€0.4m€1.0m▲ 127%
Distributable reserves133---€2.3m€2.4m€2.6m€2.4m€3.4m▲ 46.2%
Amounts payable17/49€8.6m€7.1m€4.8m€4.2m€6.5m€6.7m€6.7m€6.8m▲ 2.4%
Amounts payable after more than one year17€3.0m€1.9m--€1.9m€1.8m€1.6m€1.5m▼ 8.3%
Financial debts170/4----€1.9m€1.8m€1.6m€1.5m▼ 8.3%
Credit institutions173----€1.9m€1.8m€1.6m€1.5m▼ 8.3%
Amounts payable within one year42/48€5.2m€4.7m€4.4m€3.8m€4.2m€4.6m€4.8m€5.2m▲ 8.1%
Current portion of amounts payable after more than one year42----€0.1m€0.3m€0.3m€0.3m▲ 13.0%
Trade debts44€3.0m€2.9m€2.0m€2.1m€2.4m€2.6m€2.1m€2.7m▲ 31.6%
Suppliers440/4---€2.1m€2.4m€2.6m€2.1m€2.7m▲ 31.6%
Taxes, remuneration and social security45---€0.4m€0.4m€0.6m€1.2m€1.0m▼ 16.2%
Taxes450/3---€0.03m€0.07m€0.2m€0.3m€0.5m▲ 81.5%
Remuneration and social security454/9---€0.4m€0.3m€0.4m€1.0m€0.6m▼ 42.2%
Other amounts payable47/48---€1.2m€1.3m€1.2m€1.2m€1.1m▼ 8.4%
Accrued charges and deferred income492/3---€0.5m€0.5m€0.4m€0.3m€0.2m▼ 33.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1.3m€1.4m€1.6m€1.2m€0.7m€1.7m€1.8m€3.6m▲ 101%
+ Depreciation and write-downs630€0.7m€0.7m€0.7m€0.7m€0.7m€1.0m€0.8m€0.8m▼ 1.7%
Operating cash flow (approximation)€2.0m€2.1m€2.3m€1.9m€1.4m€2.6m€2.6m€4.5m▲ 68.6%
Investment in fixed assets (approximation)--€0.4m-€0.2m-€0.5m-€2.9m-€0.4m-€0.3m-€0.4m▼ 34.4%
Change in cash--€0.4m€0.1m-€0.5m€0.1m€0.4m-€0.2m-€0.5m▼ 128%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 47 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 08-05-2026 2026-00106299 PDF
31-12-2024 full format 05-06-2025 2025-00124047 PDF
31-12-2023 full format 27-06-2024 2024-00181064 PDF
31-12-2022 full format 27-08-2023 2023-00371733 PDF
31-12-2021 full format 29-08-2022 2022-20365012 PDF
31-12-2020 full format 04-06-2021 2021-17500393 PDF
31-12-2019 full format 29-05-2020 2020-15300257 PDF
31-12-2018 full format 02-05-2019 2019-12100468 PDF
31-12-2017 full format 22-05-2018 2018-13900483 PDF
31-12-2016 full format 13-07-2017 2017-31700569 PDF

Show all 47 filings

Board & ownership

Directors

Directors
2 directors

Board 2

BELISY
Director · since 24-11-2023 · Private limited company · permanent representative: Benoit Lips · listed in the 2025 annual accounts, filed on 08-05-2026
Current
SYMAX
Director · since 24-11-2023 · Private limited company · permanent representative: Sylvie Lips · listed in the 2025 annual accounts, filed on 08-05-2026
Current
Permanent representatives 2
Benoit Lips
Permanent representative · in office according to the act of 12-12-2023 · for BELISY
Current
Sylvie Lips
Permanent representative · in office according to the act of 12-12-2023 · for SYMAX
Current

Statutory auditor 1

Ernst et Young Reviseurs d'Entreprises
Statutory auditor · appointed in the act of 12-12-2023 · permanent representative: Line Vyvey
Current
Office holders in the KBO →

Owners and capital

Shareholders

2 owners

Owners 2

Capital transactions

Capital over time
  1. 12-12-2023 Capital stated in the deed · €320,000 · 12,900 shares

Mandate history

3 people, 3 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
BELISY
  • Director, since before 12-12-2023
SYMAX
  • Director, since before 12-12-2023
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, appointed in the act of 12-12-2023, still in office
See the board, name and registered office on a given date →

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
“3, raad van bestuur”
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Één of meer, benoeming vereffenaars”
“Bevoegdheden vereffenaars, alle verrichtingen vermeld in wet”

Articles of association, deed of 12-12-2023 (in Dutch)

Network & group

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
DUPLI
Shared corporate director
→

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
09-06
Gazette deed Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
2 points ▸
  • General meeting, 30-04-2026
  • Auditor reappointment, EY Bedrijfsrevisoren BV (statutory auditor)

Open the act in the Belgian Official Gazette

08-05
NBB filing Annual accounts filedPDF
financial year 2025 · full format
2025
31-12
Financial Highest result from 2018 to 2025net €3.6m ▲101%
The operating result of €4.9m and the net result of €3.6m are both a record.
05-06
NBB filing Annual accounts filedPDF
financial year 2024 · full format
2024
27-06
NBB filing Annual accounts filedPDF
financial year 2023 · full format
2023
12-12
Gazette deed Reappointments: BELISY, SYMAX and EY Bedrijfsrevisoren BV
Permanent representatives: Benoit Lips and Sylvie Lips · Purpose change · Amendment of the articles12 points ▸
  • General meeting, 24-11-2023
  • Purpose change
  • Other provision, 25-05-2023
  • Amendment of the articles, mentioned 2 times in the deed
  • Capital, €320,000
  • Director reappointment, BELISY (director)
  • Director reappointment, SYMAX (director)
  • Permanent representative, Benoit Lips
  • Permanent representative, Sylvie Lips
  • Auditor reappointment, EY Bedrijfsrevisoren BV (statutory auditor)
  • Registered office clause, “8301 Knokke-Heist,Heistlaan 27” (deed in Dutch)
  • Power of attorney

Open the act in the Belgian Official Gazette

27-08
NBB filing Annual accounts filedPDF
financial year 2022 · full format · 27 days late
2022
31-12
Financial Weakest financial yearnet €673,584 ▼44.6%
The net result drops to €673,584, the lowest from 2018 to 2025. It recovers the following year.
29-08
NBB filing Annual accounts filedPDF
financial year 2021 · full format · 29 days late
2021
04-06
NBB filing Annual accounts filedPDF
financial year 2020 · full format
2020
29-05
NBB filing Annual accounts filedPDF
financial year 2019 · full format
2019
02-05
NBB filing Annual accounts filedPDF
financial year 2018 · full format
2018
22-05
NBB filing Annual accounts filedPDF
financial year 2017 · full format
2017
13-07
NBB filing Annual accounts filedPDF
financial year 2016 · full format

Show all 47 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 26 November 1969, Lips was incorporated.1 Turnover went from €27.8m in 2018 to €39.5m in 2025 and headcount from 54.3 to 75.9 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name Lips in Dutch
Enterprise number 0406.904.508
Legal form Public limited company
Status Active, normale toestand
Founded 26-11-1969
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-12-2023 (in Dutch)
Name clauseThe company operates under this name according to its articles.
LIPS
deed of 12-12-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 12-12-2023 (in Dutch)

Registered office and establishments

Registered office Heistlaan 27, 8301 Knokke-Heist, Belgium
Establishments 1 establishment unit since 1970

Activities

NACEBEL 2025
47110 Non-specialised retail sale with food, beverages or tobacco predominating main activity

Invoicing and payment

VAT number BE 0406.904.508
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0406904508
Registered 27-03-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June at 14:00
deed of 12-12-2023 (in Dutch)

Recognitions · licences · registrations

Food safety, FASFC

1 site · 1 with a smiley
Knokke-Heistunit number 2.003.467.692
3 permissions · smiley 2027NL00947 valid until 01-12-2027
Authorisation · Detailhandel · since 17-05-2010
Authorisation · Viswinkel · since 17-05-2010
Authorisation · Vleeswinkel · since 01-01-2006

Dual-learning approval

1 live approval · 3 ended
Onthaal, organisatie en sales duaal (so)
approved · 2022 to 2027
Show 3 ended approvals
Winkelbediende (so)
ended · 2019 to 2024
Winkelmedewerker (vwo)
ended · 2019 to 2024
Winkelmedewerker duaal (so)
ended · 2019 to 2024

Legal Entity Identifier

875500QBG6WPF6BB4T84
live in the LEI register

Sites & property

Location
registered office establishment The establishment unit on the map
8 companies at this address See who is registered here
1 establishment unit
LIPS NV
Heistlaan 27, 8301 Knokke-HeistNon-specialised retail sale with food, beverages or tobacco predominating
since 1970unit number 2.003.467.692

Buildings and parcels at the address

Ground area
4,585 m²
Building footprint
3,868 m²
Building volume
19,627 m³
Parcel 31008I0470/00H000, Flanders · tallest building 9.7 m.
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
31008I0470/00H000 Flanders 4,585 m² 1 · 3,867 m² 9.7 m · 2

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