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Complete company report
Generated 25-07-2026
Active BE 0451.504.514Public limited company

NIPAFON

Wortegemstraat 143 ·9700 Oudenaarde, Belgium· 32 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of NIPAFON is 0.6% (low). The 2024 annual accounts show equity of €423k and a net result of €8k. Equity is growing by ~2.6% per year across the filed fiscal years. The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €423k
Net result €8k
Active 32 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health94Profitability9Solvency100Growth78Stability100
76 / 100

Exceptional profile, strong across almost every axis.

Health 94
Profitability 9
Solvency 100
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.6% Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1993, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
94 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 02-07-2025 with the NBB · fiscal year 2024 · micro
€-40k€-20k€0€20kOperating result 2020: €10k€10kNet result 2020: €-28k€-28kOperating result 2021: €9k€9kNet result 2021: €14k€14kOperating result 2022: €14k€14kNet result 2022: €17k€17kOperating result 2023: €-7k€-7kNet result 2023: €-2k€-2kOperating result 2024: €7k€7kNet result 2024: €8k€8k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~2.6%/year over 7 fiscal years, indicative, assuming unchanged policy.
€350k€400k€450k€500k2025: €440k (€406k - €473k)2026: €450k (€416k - €484k)2027: €461k (€427k - €495k)2018: €360k2019: €377k2020: €387k2021: €400k2022: €417k2023: €415k2024: €423k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€19k
+315.4% 18-24
Net profit
€8k
- 18-24
Cash flow
€20k
+109.3% 18-24
Total assets
€453k
+2.4% 18-24
Equity
€423k
+1.9% 18-24
Working capital
€266k
+6.4% 18-24
Income taxes
€3k
- 18-24
Debt
€27k
+15.4% 18-24
Debt ≤ 1y
€26k
+12.1% 18-24
Current ratio
11.12
-4.6% 18-24
Quick ratio
11.12
-4.6% 18-24
Solvency
93.5%
-0.5% 18-24
Debt / equity
0.06
+13.2% 18-24
ROE
1.9%
- 18-24
ROA
1.8%
- 18-24
Interest coverage
10.42
-74.6% 18-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€19k
Net profit€8k
Cash flow€20k
Staff costs-
Income taxes€3k
Dividends-
Total assets€453k
Equity€423k
Debt€27k
of which ≤ 1y€26k
of which > 1y-
Working capital€266k
Employees (FTE)-
Ratios (computed)
2024
Current ratio11.12
Quick ratio11.12
Working capital ratio58.7%
Solvency93.5%
Debt / equity0.06
Long-term debt ratio-
Interest coverage10.42
Gross margin-
Net margin-
ROA1.8%
ROE1.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€453k
Fixed assets 21/28€161k
Tangible fixed assets 22/27€161k
Current assets 29/58€292k
Amounts receivable within one year 40/41€1k
Investments 50/53€213k
Cash & bank 54/58€77k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€453k
Equity 10/15€423k
Contributions / capital 10/11€407k
Reserves 13€17k
Provisions & deferred taxes 16€3k
Amounts payable 17/49€27k
Amounts payable within one year 42/48€26k
Trade debts payable within one year 44€116
Income statement
Gross operating margin 9900€25k
Operating result 9901€7k
Financial income 75€5k
Financial charges 65€2k
Result before taxes 9903€10k
Income taxes 67/77€3k
Net result for the period 9904€8k
Result to be appropriated 9905€9k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation30-11-1993
StatusActive
Postal code9700
Establishment units 1 location
Wortegemstraat 143, 9700 Oudenaarde
Overige financiële instellingen, n.e.g.
since 19932.064.760.410
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45508A0256/00D000 Flanders 3,128 m² 1 · 265 m² 14.0 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
02-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
05-07-2024
State Gazette act Director changes
Leen Coppejans
31-05-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
21-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
22-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
24-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
29-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
05-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
21-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
09-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
09-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
05-07-2024 1 director appointed, 4 reappointed Director changes·Leen Coppejans
  • Greta Cheyns, Bestuurder
  • Nikolaas Fontaine, Bestuurder
  • Patricia Fontaine, Bestuurder
  • Lucien Van Fontaine, Bestuurder
  • Greta Cheyns, Gedelegeerd bestuurder
Notary: Leen Coppejans · Oudenaarde
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL NIPAFON
Registered office
Wortegemstraat 143
9700 Oudenaarde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative