Turnover
≈ €130,000 estimated
The micro format states no turnover.
Pip & Flo
Lifetime
10 annual accounts with figures on one time axispeak €47,564 (2025)
€26,956▼ 43.3%
lowest -€8,860 (2026)
-€8,860▼ €22,577
peak €67,595 (2025)
€58,734▼ 13.1%
€211,048▼ 9.2%
peak 0.4 FTE (2021)
-not published
Board2 names since 2022
1 directorVANDERLOCHT Leentje
Documentsfilings and deeds
30-09-202630 days late
2026micro format
Gross margin from €47,564 to €26,956Loss of €8,860Equity from €67,595 to €58,734Cash from €12,309 to €3,183
Key points
from the 2026 annual accountsChecked score
62
Healthy
Financially stronger than 30% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.4%▼ -0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.1 percentage points vs 07-2025
09-2025: 1.9%▲ +0.4 percentage points vs 08-2025
10-2025: 2.2%▲ +0.3 percentage points vs 09-2025highest value
11-2025: 1.3%▼ -0.9 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.2%▼ -0.1 percentage points vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.3%▲ +0.1 percentage points vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.1%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 1.1%● unchanged vs 07-2026
09-2026: 1.6%▲ +0.5 percentage points vs 08-2026
10-2026: 1.5%▼ -0.1 percentage points vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
Liquidity: current ratio 1.15, cash €3,183, halved
Sector: Retail trade (NACE 47)
Loss of €8,860 (financial year 2026)
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, micro). It does better than 38% of them on solvency, 39% on liquidity, 21% on profitability and 24% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-01-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,166 companies had the same profile as Pip & Flo has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Pip & Flo itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 2,166 companies, not a prediction for Pip & Flo. 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.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.35 in 2025), below the usual 1.5. Short-term debt is 26.3% and cash 1.2% of total assets. 78.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2026 accounts filed 30 days late
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 30-09-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2026
30 days late
2025
29 days late
2024
34 days late
2023
20 days late
2022
30 days late
2021
27 days late
2020
25 days late
← 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 28 days after 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 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 30 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-01-2027 year end31-08-2027 deadline
Recent changes
Reappointments: NELIS Peter (director) and VANDERLOCHT Leentje (director)
Director discharge: NELIS Peter · Director discharge: VANDERLOCHT Leentje · General meeting of 27-12-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0645946655
Incorporation
published on 18-01-2016 · Gazette deed
First establishment
Weg op Bree 24, Oudsbergen
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Pip & Flo: retail trade (NACE 47713). They are comparable in size and age: total assets between €207,000 and €343,000, founded between 2010 and 2014.
Official details
Source: KBO- Status
- Active since 14-01-2016Normal situation
- Activity
- Retail tradeNACE 47713
- Joint committee
- 201Independent retail · annual accounts 31-01-2022
- Establishment unit
- 2.249.209.3733670 Oudsbergen, since 14-01-2016
- Financial year end
- 31 January
- Peppol
- Reachable since 24-11-2023
Insights on Pip & Flo
Pip & Flo files the micro format. That format states no turnover. The gross margin rose from €3,865 in 2017 to €26,956 in 2026.
The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Pip & Flo
- What is the company number of Pip & Flo?
- The company number of Pip & Flo is 0645.946.655. The VAT number is the same number with BE in front: BE 0645.946.655.
- Where is Pip & Flo based?
- The registered office is at Zuiderstraat 9, 3990 Peer.Company details
- What does Pip & Flo do?
- According to the KBO register, the main activity is retail trade (NACE 47713).
- What is the legal form of Pip & Flo?
- Pip & Flo is a private limited company (BV).
- When was Pip & Flo founded?
- Pip & Flo was founded on 14-01-2016.
- Is Pip & Flo still active?
- Yes, Pip & Flo is an active enterprise in the KBO register.
- How many employees does Pip & Flo have?
- Pip & Flo had an average of 1.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does Pip & Flo fall under?
- In its 31-01-2022 annual accounts, Pip & Flo states joint committee 201 (Independent retail).
- What is the turnover of Pip & Flo?
- The turnover in financial year 2026 is ≈ €130,000. This figure is estimated from the gross margin of €26,956 and 51 comparable companies (NACE 477). It probably lies between €70,000 and €230,000.
- Is Pip & Flo profitable?
- In financial year 2026, Pip & Flo made a loss of €8,860.
- Where can I find the annual accounts of Pip & Flo?
- Pip & Flo filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Pip & Flo due?
- Pip & Flo must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
Next steps
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