PIPELINE SOLUTIONS
ActiveSummary
PIPELINE SOLUTIONS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €347k and a net result of €143k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+12
Solvency95▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 5.13 against 2.56 in 2023; short-term debt: 11.6% and cash: 5.3% of total assets), and 29.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
70.4%
Return on assets
29.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
65 d early
2022
35 d early
2021
31 d late
2020
23 d early
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€347k▲ 52.2%
2023 · €228k
2018: €102k
2019: €128k
2020: €151k
2021: €182k
2022: €223k
2023: €228k
2018 → 2024
Total assets
€493k▲ 23.1%
2023 · €400k
2018: €129k
2019: €144k
2020: €298k
2021: €319k
2022: €359k
2023: €400k
2018 → 2024
Net result
€143k▲ 138%
2023 · €60k
2018: €28k
2019: €27k
2020: €23k
2021: €32k
2022: €42k
2023: €60k
2018 → 2024
Working capital
€236k▲ 100%
2023 · €118k
2018: €36k
2019: €63k
2020: €58k
2021: €82k
2022: €114k
2023: €118k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€151k-€182k▲ 20.7%€223k▲ 22.4%€228k▲ 2.2%€347k▲ 52.2%
Operating result€36k-€49k▲ 36.6%€62k▲ 27.1%€87k▲ 40.2%€87k▲ 0.3%
Net result€23k-€32k▲ 37.4%€42k▲ 29.5%€60k▲ 44.8%€143k▲ 138%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 0% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €493k
Fixed assets
€200k ▼ 3.5%
Current assets
€293k ▲ 51.7%
Equity and liabilities €493k
Equity
€347k ▲ 52.2%
Debt
€146k ▼ 15.4%
Debt's share of the balance-sheet total falls from 43.1% to 29.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▲
2023 · €94k
Cash flow
€151k▲
2023 · €67k
Current ratio
5.13▲
2023 · 2.56
Debt to equity
0.42▼
2023 · 0.76
ROE
41.3%▲
2023 · 26.4%
ROA
29.1%▲
2023 · 15.0%
Interest coverage
33.83▲
2023 · 30.89
Debt ≤ 1 year
€57k▼
2023 · €75k
Debt > 1 year
€89k▼
2023 · €97k
Income taxes
€34k▲
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€400k€493k▲
Fixed assets21/28€207k€200k▼
Tangible fixed assets22/27€143k€136k▼
Land and buildings22€138k€134k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€3k€545▼
Financial fixed assets28€64k€64k=
Current assets29/58€193k€293k▲
Amounts receivable after more than one year29€48k€33k▼
Other amounts receivable291€48k€33k▼
Amounts receivable within one year40/41€65k€92k▲
Trade receivables40€18k€0▼
Other amounts receivable41€47k€92k▲
Current investments50/53-€140k
Cash at bank and in hand54/58€79k€26k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€400k€493k▲
Equity10/15€228k€347k▲
Contributions10/11€7k€7k=
Reserves13€161k€281k▲
Tax-exempt reserves132€2k€2k=
Distributable reserves133€159k€279k▲
Profit (loss) carried forward14€60k€60k▼
Amounts payable17/49€172k€146k▼
Amounts payable after more than one year17€97k€89k▼
Financial debts170/4€97k€89k▼
Amounts payable within one year42/48€75k€57k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€56k€40k▼
Accrued charges and deferred income492/3-€119
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€756€989▲
Gross operating margin9900€95k€95k▲
Operating profit (loss)9901€87k€87k▲
Financial income75/76B€2k€93k▲
Recurring financial income75€2k€93k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€85k€178k▲
Income taxes67/77€25k€34k▲
Profit (loss) for the period9904€60k€143k▲
Profit (loss) for the period to be appropriated9905€60k€143k▲
Appropriation of the result
Profit (loss) to be appropriated9906€121k€204k▲
Profit (loss) brought forward from the previous period14P€61k€60k▼
Transfer from equity791/2€54k€23k▼
Transfer to equity691/2€60k€143k▲
To other reserves6921€60k€143k▲
Profit to be distributed694/7€55k€24k▼
Return on contributions (dividend)694€55k€24k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €143k ▲138%
Operating result €87k, net result €143k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.13
Current ratio from 2.56 to 5.13; short-term debt falls from €75k to €57k.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €223k ▲22.4%
5 profitable years in a row build equity to €223k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €23k ▼13.8%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €151k ▲17.6%
3 profitable years in a row build equity to €151k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.04
Current ratio from 2.41 to 5.04; short-term debt falls from €25k to €16k.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Grimbergen · 2 establishment units since 2000
Ground area
2,171 m²
Building footprint
368 m²
Volume, LiDAR
2,223 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
PIPELINE SOLUTIONS
since 20002.099.912.022
PIPELINE SOLUTIONS
since 20112.195.365.960
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002A0088/00Z002 | Flanders | 1,544 m² | 1 · 176 m² | 9.5 m · 2 fl. |
| 23036B0248/00K008 | Flanders | 628 m² | 1 · 192 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,689 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2000
Fiscal year end31-12
Abbreviation NL
PLS
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
20300Manufacture of chemicals and chemical products
70200Business and other management consultancy
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.