NIPAU
ActiveNIPAU has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295k and a net result of €-28k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+3
Solvency85▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.78 against 4.13 in 2024; short-term debt: 26.7% and cash: 6.8% of total assets), and 40.5% of the assets are financed with debt.
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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-28k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
5 d early
2022
3 d early
2021
3 d early
2020
1 d early
2019
70 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€295k▼ 8.6%
2024 · €323k
2018: €104k
2019: €148k
2020: €160k
2021: €273k
2022: €327k
2023: €361k
2024: €323k
2018 → 2025
Total assets
€496k▲ 2.1%
2024 · €485k
2018: €226k
2019: €267k
2020: €380k
2021: €519k
2022: €531k
2023: €525k
2024: €485k
2018 → 2025
Net result
€-28k▲ 26.1%
2024 · €-38k
2018: €14k
2019: €44k
2020: €38k
2021: €113k
2022: €84k
2023: €33k
2024: €-38k
2018 → 2025
Working capital
€236k▼ 9.0%
2024 · €259k
2018: €93k
2019: €150k
2020: €176k
2021: €205k
2022: €254k
2023: €288k
2024: €259k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€273k-€327k▲ 19.8%€361k▲ 10.1%€323k▼ 10.4%€295k▼ 8.6%
Operating result€135k-€118k▼ 12.3%€51k▼ 56.6%€-37k€-26k▲ 28.3%
Net result€113k-€84k▼ 25.5%€33k▼ 60.7%€-38k€-28k▲ 26.1%
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 €26k in 2025 against €37k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €496k
Fixed assets
€127k▼ 11.1%
Current assets
€368k▲ 7.6%
Equity and liabilities €496k
Equity
€295k▼ 8.6%
Debt
€201k▲ 23.5%
The debt ratio rises from 33.5% to 40.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▲
2024 · €-17k
Cash flow
€-7k▲
2024 · €-18k
Solvency
59.5%▼
2024 · 66.5%
Current ratio
2.78▼
2024 · 4.13
Quick ratio
2.67▼
2024 · 3.81
Debt / equity
0.68▲
2024 · 0.50
ROE
-9.4%▲
2024 · -11.6%
ROA
-5.6%▲
2024 · -7.7%
Interest coverage
-0.25▲
2024 · -0.70
Debt
€201k▲
2024 · €162k
Debt ≤ 1 year
€132k▲
2024 · €83k
Debt > 1 year
€59k▼
2024 · €70k
Staff costs
€28k▼
2024 · €37k
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€485k€496k▲
Fixed assets21/28€143k€127k▼
Tangible fixed assets22/27€143k€127k▼
Land and buildings22€140k€124k▼
Plant, machinery and equipment23€1k€829▼
Other tangible fixed assets26€2k€2k=
Financial fixed assets28€345€345=
Current assets29/58€342k€368k▲
Stocks and contracts in progress3€26k€14k▼
Stocks30/36€26k€14k▼
Amounts receivable within one year40/41€265k€318k▲
Trade receivables40€158k€211k▲
Other amounts receivable41€107k€107k▲
Cash at bank and in hand54/58€49k€34k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€485k€496k▲
Equity10/15€323k€295k▼
Contributions10/11€25k€25k=
Reserves13€298k€270k▼
Tax-exempt reserves132€42k€42k=
Distributable reserves133€256k€228k▼
Amounts payable17/49€162k€201k▲
Amounts payable after more than one year17€70k€59k▼
Financial debts170/4€70k€59k▼
Amounts payable within one year42/48€83k€132k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€49k€90k▲
Suppliers440/4€49k€90k▲
Advances received on contracts in progress46€530€530=
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€9k€19k▲
Remuneration and social security454/9€5k€3k▼
Other amounts payable47/48€9k€10k▲
Accrued charges and deferred income492/3€10k€9k▼
Income statement
Code20242025
Remuneration, social security and pensions62€37k€28k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€4k▲
Other operating charges640/8€449€462▲
Gross operating margin9900€25k€27k▲
Operating profit (loss)9901€-37k€-26k▲
Financial income75/76B€24k€21k▼
Recurring financial income75€24k€21k▼
Financial charges65/66B€24k€22k▼
Recurring financial charges65€24k€22k▼
Profit (loss) for the period before taxes9903€-38k€-28k▲
Profit (loss) for the period9904€-38k€-28k▲
Profit (loss) for the period to be appropriated9905€-38k€-28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€-28k▲
Transfer from equity791/2€38k€28k▼
Social balance
Average headcount (FTE)90870.90.6▼
The notes to these accounts (16 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-38k ▼214%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €113k ▲198%
Operating result €135k, net result €113k, both a record.
31-12
Financial
Equity above €200kEq €273k ▲70.4%
4 profitable years in a row build equity to €273k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €160k ▲8.7%
3 profitable years in a row build equity to €160k.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Hasselt · 1 establishment unit since 1987
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.
Koningin Astridlaan 353500 HasseltGround area
837 m²
Building footprint
361 m²
Volume, LiDAR
4,088 m³
Parcel 71327G0527/00T002, Flanders · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
NIPAU BVBA
since 19872.031.109.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0527/00T002 | Flanders | 837 m² | 1 · 361 m² | 17.4 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
KLEIN-GRIBOMONT
BE 0730.602.812
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VILLA INTERNO
BE 0469.101.007
Kortrijk · Eq €296k
FAJECO
BE 0823.167.338
Fléron · Eq €296k
DE BOOMHUT
BE 0432.584.168
Geel · Eq €296k
ENKY
BE 0719.458.502
Brussel · Eq €293k
Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,312 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-1987
Fiscal year end31-12
Activities, NACEBEL
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
47591Retail trade
51471
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.