PIPOCA
ActiveSummary
The computed 12-month bankruptcy probability of PIPOCA is 5.4% (elevated). The 2024 annual accounts show negative equity (-€25,848) and a net result of -€3,170. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability63▲+5
Solvency0▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
5.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.52 in 2023; short-term debt: 136.7% and cash: 63.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-36.7%
Return on assets
-4.5%
Age of the figures
21 mo
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
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
6 d early
2023
56 d early
2022
80 d early
2021
48 d early
2020
64 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 13 June (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,170▲ 65.4%
2023 · -€9,170
Working capital
-€45,828▲ 26.4%
2023 · -€62,293
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€27,117-€6,900▲ 74.6%€21,671-€7,529-€1,354▲ 82.0%
Net result-€27,911below the sector's middle half-€7,737below the sector's middle half▲ 72.3%€18,821within the sector's middle half-€9,170within the sector's middle half-€3,170within the sector's middle half▲ 65.4%
Equity-€24,592below the sector's middle half-€32,329below the sector's middle half▼ 31.5%-€13,508below the sector's middle half▲ 58.2%-€22,678below the sector's middle half▼ 67.9%-€25,848below the sector's middle half▼ 14.0%
Total assets€93,359within the sector's middle half▼ 44.4%€93,928within the sector's middle half▲ 0.6%€119,661within the sector's middle half▲ 27.4%€107,029within the sector's middle half▼ 10.6%€70,386below the sector's middle half▼ 34.2%
Debt€117,951▼ 28.3%€126,257▲ 7.0%€133,169▲ 5.5%€129,707▼ 2.6%€96,234▼ 25.8%
Working capital-€100,554below the sector's middle half▼ 15.6%-€88,895below the sector's middle half▲ 11.6%-€50,678within the sector's middle half▲ 43.0%-€62,293within the sector's middle half▼ 22.9%-€45,828within the sector's middle half▲ 26.4%
Solvency-26.3%below the sector's middle half▼ 28.3pp-34.4%below the sector's middle half▼ 8.1pp-11.3%below the sector's middle half▲ 23.1pp-21.2%below the sector's middle half▼ 9.9pp-36.7%below the sector's middle half▼ 15.5pp
Current ratio0.15below the sector's middle half▼ 0.320.30below the sector's middle half▲ 0.150.62within the sector's middle half▲ 0.320.52below the sector's middle half▼ 0.100.52below the sector's middle half=
Return on assets (ROA)-29.9%below the sector's middle half▼ 43.0pp-8.2%below the sector's middle half▲ 21.7pp15.7%above the sector's middle half▲ 24.0pp-8.6%below the sector's middle half▼ 24.3pp-4.5%within the sector's middle half▲ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,354 in 2024 against €7,529 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70,386
Fixed assets
€19,980 ▼ 49.6%
Current assets
€50,406 ▼ 25.2%
Equity and liabilities
Equity-€25,848
Debt€96,234
Equity is negative: debt (€96,234) exceeds the balance-sheet total (€70,386).
Key figures and ratios
EBITDA
€11,559▼
2023 · €13,784
Cash flow
€9,743▼
2023 · €12,143
Quick ratio
0.50▼
2023 · 0.51
Interest coverage
8.35▼
2023 · 8.40
Debt ≤ 1 year
€96,234▼
2023 · €129,707
Income taxes
€432
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,332 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,313 | €19,396 | €19,396 | €21,313 | €12,913 | ▼ 39.4% |
| Other operating charges640/8 | - | €1,824 | €3,581 | €4,855 | €3,617 | ▼ 25.5% |
| Gross operating margin9900 | -€5,822 | €14,320 | €44,648 | €18,639 | €15,176 | ▼ 18.6% |
| Operating profit (loss)9901 | -€27,117 | -€6,900 | €21,671 | -€7,529 | -€1,354 | ▲ 82.0% |
| Financial charges65/66B | - | €837 | €2,850 | €1,641 | €1,384 | ▼ 15.7% |
| Recurring financial charges65 | €636 | €837 | €2,850 | €1,641 | €1,384 | ▼ 15.7% |
| Profit (loss) for the period before taxes9903 | -€27,753 | -€7,737 | €18,821 | -€9,170 | -€2,738 | ▲ 70.1% |
| Income taxes67/77 | €158 | - | - | - | €432 | - |
| Profit (loss) for the period9904 | -€27,911 | -€7,737 | €18,821 | -€9,170 | -€3,170 | ▲ 65.4% |
| Profit (loss) for the period to be appropriated9905 | -€27,911 | -€7,737 | €18,821 | -€9,170 | -€3,170 | ▲ 65.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93,359 | €93,928 | €119,661 | €107,029 | €70,386 | ▼ 34.2% |
| Fixed assets21/28 | €75,962 | €56,566 | €37,170 | €39,615 | €19,980 | ▼ 49.6% |
| Intangible fixed assets21 | €29,042 | €20,542 | €12,042 | €3,542 | - | - |
| Tangible fixed assets22/27 | €46,920 | €36,024 | €25,128 | €36,073 | €19,980 | ▼ 44.6% |
| Land and buildings22 | - | €31,744 | €22,988 | €21,736 | €15,486 | ▼ 28.8% |
| Plant, machinery and equipment23 | - | - | - | €6,539 | - | - |
| Furniture and vehicles24 | - | €4,280 | €2,140 | €7,798 | €4,494 | ▼ 42.4% |
| Current assets29/58 | €17,397 | €37,362 | €82,491 | €67,414 | €50,406 | ▼ 25.2% |
| Stocks and contracts in progress3 | €1,413 | €175 | €2,589 | €1,791 | €2,314 | ▲ 29.2% |
| Stocks30/36 | - | €175 | €2,589 | €1,791 | €2,314 | ▲ 29.2% |
| Amounts receivable within one year40/41 | €780 | €62 | €1,189 | €31,907 | €3,681 | ▼ 88.5% |
| Trade receivables40 | - | €62 | €1,189 | €31,907 | €3,681 | ▼ 88.5% |
| Cash at bank and in hand54/58 | €15,204 | €37,125 | €78,713 | €33,716 | €44,411 | ▲ 31.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93,359 | €93,928 | €119,661 | €107,029 | €70,386 | ▼ 34.2% |
| Equity10/15 | -€24,592 | -€32,329 | -€13,508 | -€22,678 | -€25,848 | ▼ 14.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€30,792 | -€38,529 | -€19,708 | -€28,878 | -€32,048 | ▼ 11.0% |
| Amounts payable17/49 | €117,951 | €126,257 | €133,169 | €129,707 | €96,234 | ▼ 25.8% |
| Amounts payable within one year42/48 | €117,951 | €126,257 | €133,169 | €129,707 | €96,234 | ▼ 25.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,725 | €1,213 | ▼ 95.8% |
| Trade debts44 | €1,695 | €1,010 | €2,358 | €9,134 | €2,234 | ▼ 75.5% |
| Suppliers440/4 | - | €1,010 | €2,358 | €9,134 | €2,234 | ▼ 75.5% |
| Taxes, remuneration and social security45 | - | €9,389 | €10,826 | €11,597 | €12,546 | ▲ 8.2% |
| Taxes450/3 | - | €6,889 | €8,326 | €8,097 | €10,046 | ▲ 24.1% |
| Remuneration and social security454/9 | - | €2,500 | €2,500 | €3,500 | €2,500 | ▼ 28.6% |
| Other amounts payable47/48 | - | €115,858 | €119,985 | €80,251 | €80,241 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,911 | -€7,737 | €18,821 | -€9,170 | -€3,170 | ▲ 65.4% |
| + Depreciation and write-downs630 | €19,313 | €19,396 | €19,396 | €21,313 | €12,913 | ▼ 39.4% |
| Operating cash flow (approximation) | -€8,598 | €11,659 | €38,217 | €12,143 | €9,743 | ▼ 19.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€23,758 | €6,722 | ▲ 128% |
| Change in cash | - | €21,921 | €41,588 | -€44,997 | €10,695 | ▲ 124% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €18,821
Net result €18,821 after 2 loss-making years.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€27,911
Net result drops to -€27,911, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €21,961 ▲28.2%
Operating result €24,934, net result €21,961, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2014
Ground area
225 m²
Building footprint
89 m²
Volume, LiDAR
1,304 m³
Parcel 21013B0129/00H000, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Xtreme
since 20142.232.040.670
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0129/00H000 | Brussels | 225 m² | 1 · 89 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.232.040.670
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 13,991 companies in this sector we hold annual accounts for 4,899. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded26-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0554800705
Also
9925:BE0554800705
Registered
25-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.