Pippo
ActiveSummary
Pippo has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238k and a net result of €179k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 13% of 388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+7
Solvency34▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.04 in 2024; short-term debt: 32% and cash: 0% of total assets), and 90.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
9.5%
Return on assets
7.1%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 388 sector peers (2025).
NBB · sector comparisonPosition among 388 sector peers
Solvency
better than 13%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €238k
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
22 d early
2023
5 d early
2022
31 d late
2021
81 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€238k=
2024 · €238k
Total assets
€2.51M▲ 3.0%
2024 · €2.44M
Net result
€179k▲ 124%
2024 · €80k
Working capital
€-657k▼ 10.3%
2024 · €-596k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€85k▼ 16.9%€46k▼ 45.7%€-8k€136k€281k▲ 107%
Net result€46k▼ 26.8%€-1k€-62k▼ 4,356%€80k€179k▲ 124%
Equity€221k▼ 16.3%€220k▼ 0.6%€158k▼ 28.1%€238k▲ 50.5%€238k=
Total assets€1.99M▲ 39.7%€2.61M▲ 31.4%€2.57M▼ 1.3%€2.44M▼ 5.4%€2.51M▲ 3.0%
Debt€1.76M▲ 52.5%€2.39M▲ 35.4%€2.42M▲ 1.1%€2.20M▼ 9.0%€2.27M▲ 3.3%
Working capital€-444k▼ 164%€-492k▼ 10.7%€-648k▼ 31.8%€-596k▲ 8.0%€-657k▼ 10.3%
Staff (FTE)13.2▲ 13.8%12▼ 9.1%15.5▲ 29.2%13.7▼ 11.6%12.2▼ 10.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 107% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.51M
Fixed assets
€2.36M ▼ 2.0%
Current assets
€144k ▲ 518%
Equity and liabilities €2.51M
Equity
€238k =
Debt
€2.27M ▲ 3.3%
Debt's share of the balance-sheet total rises from 90.2% to 90.5%. Debt is higher.
Key figures and ratios
EBITDA
€487k▲
2024 · €329k
Cash flow
€384k▲
2024 · €273k
Current ratio
0.18▲
2024 · 0.04
Quick ratio
0.17▲
2024 · 0.02
Debt to equity
9.54▲
2024 · 9.24
ROE
75.2%▲
2024 · 33.6%
ROA
7.1%▲
2024 · 3.3%
Interest coverage
7.98▲
2024 · 5.83
Debt ≤ 1 year
€801k▲
2024 · €619k
Debt > 1 year
€1.44M▼
2024 · €1.57M
Income taxes
€42k
Staff costs
€644k▼
2024 · €771k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €426k | €569k | €812k | €771k | €644k | ▼ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €104k | €140k | €168k | €193k | €205k | ▲ 6.1% |
| Other operating charges640/8 | €5k | €5k | €6k | €15k | €17k | ▲ 8.8% |
| Non-recurring operating charges66A | €2k | - | - | - | - | - |
| Gross operating margin9900 | €622k | €760k | €978k | €1.12M | €1.15M | ▲ 2.8% |
| Operating profit (loss)9901 | €85k | €46k | €-8k | €136k | €281k | ▲ 107% |
| Financial income75/76B | €2k | €785 | €59 | €293 | €406 | ▲ 38.5% |
| Recurring financial income75 | €2k | €785 | €59 | €293 | €406 | ▲ 38.5% |
| Financial charges65/66B | €36k | €48k | €54k | €57k | €61k | ▲ 7.9% |
| Recurring financial charges65 | €36k | €48k | €54k | €57k | €61k | ▲ 7.9% |
| Profit (loss) for the period before taxes9903 | €51k | €-1k | €-62k | €80k | €221k | ▲ 177% |
| Income taxes67/77 | €5k | - | - | - | €42k | - |
| Profit (loss) for the period9904 | €46k | €-1k | €-62k | €80k | €179k | ▲ 124% |
| Transfer from tax-exempt reserves789 | €43k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €89k | €-1k | €-62k | €80k | €179k | ▲ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.99M | €2.61M | €2.57M | €2.44M | €2.51M | ▲ 3.0% |
| Fixed assets21/28 | €1.77M | €2.46M | €2.45M | €2.41M | €2.36M | ▼ 2.0% |
| Tangible fixed assets22/27 | €1.77M | €2.46M | €2.45M | €2.41M | €2.36M | ▼ 2.0% |
| Land and buildings22 | €1.18M | €1.79M | €1.76M | €1.77M | €1.76M | ▼ 0.4% |
| Plant, machinery and equipment23 | €3k | €9k | €7k | €5k | €3k | ▼ 38.1% |
| Furniture and vehicles24 | €3k | €95k | €133k | €112k | €92k | ▼ 17.4% |
| Leasing and similar rights25 | €587k | €567k | €547k | €527k | €506k | ▼ 3.9% |
| Current assets29/58 | €216k | €149k | €126k | €23k | €144k | ▲ 518% |
| Stocks and contracts in progress3 | €11k | €8k | €8k | €9k | €8k | ▼ 7.9% |
| Stocks30/36 | €11k | €8k | €8k | €9k | €8k | ▼ 7.9% |
| Amounts receivable within one year40/41 | €188k | €134k | €102k | €14k | €136k | ▲ 899% |
| Trade receivables40 | €126k | €41k | €1k | €13k | €21k | ▲ 65.3% |
| Other amounts receivable41 | €62k | €92k | €101k | €644 | €114k | ▲ 17,639% |
| Cash at bank and in hand54/58 | €1k | €1k | €605 | €969 | €245 | ▼ 74.7% |
| Deferred charges and accrued income490/1 | €16k | €6k | €15k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.99M | €2.61M | €2.57M | €2.44M | €2.51M | ▲ 3.0% |
| Equity10/15 | €221k | €220k | €158k | €238k | €238k | = |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €215k | €215k | €152k | €232k | €232k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €194k | €194k | €133k | €213k | €213k | = |
| Profit (loss) carried forward14 | - | €-1k | €0 | - | €0 | - |
| Amounts payable17/49 | €1.76M | €2.39M | €2.42M | €2.20M | €2.27M | ▲ 3.3% |
| Amounts payable after more than one year17 | €1.10M | €1.75M | €1.64M | €1.57M | €1.44M | ▼ 8.0% |
| Financial debts170/4 | €1.10M | €1.75M | €1.64M | €1.57M | €1.44M | ▼ 8.0% |
| Amounts payable within one year42/48 | €660k | €640k | €774k | €619k | €801k | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | €64k | €112k | €140k | €132k | €130k | ▼ 1.5% |
| Financial debts43 | €40k | €46k | €50k | €44k | €20k | ▼ 54.5% |
| Credit institutions430/8 | €40k | €46k | €50k | €44k | €20k | ▼ 54.5% |
| Trade debts44 | €219k | €100k | €215k | €141k | €247k | ▲ 75.2% |
| Suppliers440/4 | €219k | €100k | €215k | €141k | €247k | ▲ 75.2% |
| Taxes, remuneration and social security45 | €87k | €99k | €139k | €135k | €100k | ▼ 26.0% |
| Taxes450/3 | €5k | €9k | €5k | €7k | €19k | ▲ 184% |
| Remuneration and social security454/9 | €83k | €90k | €134k | €128k | €81k | ▼ 36.8% |
| Other amounts payable47/48 | €250k | €283k | €230k | €167k | €305k | ▲ 82.1% |
| Accrued charges and deferred income492/3 | €3k | - | €685 | €13k | €28k | ▲ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €-1k | €-62k | €80k | €179k | ▲ 124% |
| + Depreciation and write-downs630 | €104k | €140k | €168k | €193k | €205k | ▲ 6.1% |
| Operating cash flow (approximation) | €150k | €139k | €106k | €273k | €384k | ▲ 40.6% |
| Investment in fixed assets (approximation) | - | €-831k | €-156k | €-157k | €-157k | ▲ 0.1% |
| Change in cash | - | €123 | €-566 | €364 | €-723 | ▼ 299% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €179k ▲124%
Operating result €281k, net result €179k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €80k
Net result €80k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €238k ▲50.5%
Equity rises from €158k to €238k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 81 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 42 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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
8 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, Wevelgem · 2 establishment units since 2011
Ground area
1,202 m²
Building footprint
784 m²
Volume, LiDAR
4,764 m³
2 parcels, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
PO & PIPPO
since 20112.200.536.060
PO & PIPPO
since 20142.226.285.602
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0702/00L006 | Flanders | 771 m² | 1 · 579 m² | 11.7 m · 2 fl. |
| 34302B0701/00E004 | Flanders | 431 m² | 1 · 205 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 13 entries · 4,138,924 EUR awarded · 4,150,209 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 1,234,315 EUR | 1,245,600 EUR |
| 2024 | 3 | 1,098,032 EUR | 1,098,032 EUR |
| 2023 | 4 | 1,013,648 EUR | 1,013,648 EUR |
| 2022 | 3 | 792,929 EUR | 792,929 EUR |
Schemes
Subsidies voorschoolse kinderopvang
Subsidies buitenschoolse kinderopvang
Subsidie aan instellingen in het beleidsdomein Welzijn, Volksgezondheid en Gezin voor de tussenkomst in de energiekost in 2023
Inkomenstarief kinderopvang
Recognitions · licences · registrations
Food safety, FASFC
2 sitesWevelgem2.200.536.060
Wevelgem2.226.285.602
Care and welfare
10 services · 2 liveKinderdagverblijf Pippo
Pixie
Kinderdagverblijf Pippo
Kinderdagverblijf Pixie
Show 6 more services
Kinderdagverblijf Po
Kinderdagverblijf Po
Pixie
Pixie
Polly
Polly
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Of 1,589 companies in sector 88911 we hold annual accounts for 707. 536 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
88911Day nurseries and crèches
88912Social work activities without accommodation
Scores and ratios are computed by Checked and are not a credit decision.