SCHIPPERS
ActiveSummary
SCHIPPERS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €493k. Equity is shrinking by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+9
Solvency53▼-44
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.94 against 1.84 in 2024; short-term debt: 67.4% and cash: 2.9% of total assets), and 72.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
27.5%
Return on assets
12.5%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
19 d early
2022
18 d early
2021
31 d early
2020
33 d early
2019
32 d early
← 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
Turnover
€14.43M▲ 9.9%
2023 · €13.13M
EBIT margin
4.6%▲ 0.1pp
2023 · 4.5%
Net result
€493k▼ 4.7%
2024 · €517k
Working capital
€-158k
2024 · €708k
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
Turnover€10.42M▼ 8.2%€11.18M▲ 7.2%€13.13M▲ 17.5%€14.43M▲ 9.9%
Operating result€602k▼ 5.3%€611k▲ 1.5%€585k▼ 4.3%€661k▲ 13.0%€732k▲ 10.9%
Net result€430k▼ 7.2%€439k▲ 2.1%€467k▲ 6.3%€517k▲ 10.7%€493k▼ 4.7%
EBIT margin5.8%▲ 0.2pp5.5%▼ 0.3pp4.5%▼ 1.0pp4.6%▲ 0.1pp
Equity€2.77M▲ 18.3%€3.21M▲ 15.8%€1.68M▼ 47.8%€2.19M▲ 30.8%€1.08M▼ 50.6%
Total assets€3.46M▲ 13.2%€3.80M▲ 9.7%€4.57M▲ 20.2%€3.04M▼ 33.5%€3.93M▲ 29.6%
Debt€691k▼ 3.4%€589k▼ 14.8%€2.89M▲ 391%€844k▼ 70.8%€2.65M▲ 214%
Working capital€976k▲ 208%€1.52M▲ 56.0%€50k▼ 96.7%€708k▲ 1,321%€-158k
Staff (FTE)9.8▼ 22.8%7.8▼ 20.4%7▼ 10.3%8.7▲ 24.3%10.2▲ 17.2%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.93M
Fixed assets
€1.44M ▼ 3.0%
Current assets
€2.50M ▲ 60.7%
Equity and liabilities €3.93M
Equity
€1.08M ▼ 50.6%
Provisions
€198k
Debt
€2.65M ▲ 214%
Debt's share of the balance-sheet total rises from 27.8% to 67.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€938k▲
2024 · €850k
Cash flow
€699k▼
2024 · €706k
Current ratio
0.94▼
2024 · 1.84
Debt to equity
2.45▲
2024 · 0.39
ROE
45.5%▲
2024 · 23.6%
ROA
12.5%▼
2024 · 17.0%
Interest coverage
52.75▲
2024 · 45.26
Debt ≤ 1 year
€2.65M▲
2024 · €844k
Income taxes
€260k▲
2024 · €192k
Staff costs
€885k▲
2024 · €763k
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €10.55M | €11.30M | €13.17M | €14.44M | - | - |
| Turnover70 | €10.42M | €11.18M | €13.13M | €14.43M | - | - |
| Other operating income74 | €37k | €30k | €35k | €11k | - | - |
| Non-recurring operating income76A | €87k | €89k | €7k | €5k | €3k | ▼ 32.0% |
| Operating charges60/66A | €9.95M | €10.68M | €12.58M | €13.78M | - | - |
| Goods for resale, raw materials and consumables60 | €7.62M | €8.40M | €10.19M | €11.00M | - | - |
| Purchases600/8 | €7.64M | €8.39M | €10.15M | €11.00M | - | - |
| Change in stocks: decrease (increase)609 | €-22k | €6k | €47k | - | - | - |
| Services and other goods61 | €1.40M | €1.49M | €1.51M | €1.81M | - | - |
| Remuneration, social security and pensions62 | €675k | €570k | €626k | €763k | €885k | ▲ 16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €193k | €191k | €209k | €189k | €206k | ▲ 9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €5k | €-3k | €-8k | €-3k | €2k | ▲ 167% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €198k | - |
| Other operating charges640/8 | €44k | €22k | €43k | €21k | €24k | ▲ 17.1% |
| Non-recurring operating charges66A | €14k | €12k | €11k | €8k | €4k | ▼ 54.6% |
| Gross operating margin9900 | - | - | - | - | €2.05M | - |
| Operating profit (loss)9901 | €602k | €611k | €585k | €661k | €732k | ▲ 10.9% |
| Financial income75/76B | €5k | €11k | €70k | €67k | €38k | ▼ 43.8% |
| Recurring financial income75 | €5k | €11k | €70k | €67k | €38k | ▼ 43.8% |
| Income from current assets751 | €3k | €10k | €70k | €65k | - | - |
| Other financial income752/9 | €2k | €2k | €846 | €2k | - | - |
| Financial charges65/66B | €20k | €21k | €17k | €19k | €18k | ▼ 5.3% |
| Recurring financial charges65 | €20k | €21k | €17k | €19k | €18k | ▼ 5.3% |
| Debt charges650 | €150 | - | - | - | - | - |
| Other financial charges652/9 | €20k | €21k | €17k | €19k | - | - |
| Profit (loss) for the period before taxes9903 | €587k | €601k | €638k | €709k | €752k | ▲ 6.1% |
| Income taxes67/77 | €157k | €162k | €171k | €192k | €260k | ▲ 35.2% |
| Taxes670/3 | €157k | €162k | €171k | €192k | - | - |
| Profit (loss) for the period9904 | €430k | €439k | €467k | €517k | €493k | ▼ 4.7% |
| Profit (loss) for the period to be appropriated9905 | €430k | €439k | €467k | €517k | €493k | ▼ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.46M | €3.80M | €4.57M | €3.04M | €3.93M | ▲ 29.6% |
| Fixed assets21/28 | €1.80M | €1.69M | €1.65M | €1.48M | €1.44M | ▼ 3.0% |
| Tangible fixed assets22/27 | €1.80M | €1.69M | €1.65M | €1.48M | €1.44M | ▼ 3.0% |
| Land and buildings22 | €838k | €746k | €749k | €741k | €766k | ▲ 3.4% |
| Plant, machinery and equipment23 | - | - | €2k | €2k | €2k | ▼ 11.5% |
| Furniture and vehicles24 | €117k | €205k | €220k | €174k | €212k | ▲ 22.0% |
| Other tangible fixed assets26 | €843k | €737k | €676k | €568k | €459k | ▼ 19.2% |
| Current assets29/58 | €1.67M | €2.11M | €2.92M | €1.55M | €2.50M | ▲ 60.7% |
| Amounts receivable after more than one year29 | €19k | - | - | - | - | - |
| Other amounts receivable291 | €19k | - | - | - | - | - |
| Stocks and contracts in progress3 | €87k | €80k | €33k | €33k | - | - |
| Stocks30/36 | €87k | €80k | €33k | €33k | - | - |
| Goods purchased for resale34 | €53k | €47k | €11 | €11 | - | - |
| Property held for sale35 | €33k | €33k | €33k | €33k | - | - |
| Amounts receivable within one year40/41 | €1.33M | €1.84M | €2.74M | €1.36M | €2.35M | ▲ 73.2% |
| Trade receivables40 | €667k | €659k | €1.06M | €916k | €1.23M | ▲ 34.6% |
| Other amounts receivable41 | €665k | €1.18M | €1.68M | €442k | €1.12M | ▲ 153% |
| Cash at bank and in hand54/58 | €213k | €169k | €128k | €147k | €116k | ▼ 21.5% |
| Deferred charges and accrued income490/1 | €18k | €25k | €20k | €14k | €29k | ▲ 100.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.46M | €3.80M | €4.57M | €3.04M | €3.93M | ▲ 29.6% |
| Equity10/15 | €2.77M | €3.21M | €1.68M | €2.19M | €1.08M | ▼ 50.6% |
| Contributions10/11 | €819k | €819k | €819k | €819k | €819k | = |
| Reserves13 | €1.94M | €2.38M | €849k | €1.37M | €259k | ▼ 81.0% |
| Non-distributable reserves130/1 | €82k | €82k | - | - | - | - |
| Reserves not available under the articles1311 | €82k | €82k | - | - | - | - |
| Distributable reserves133 | €1.86M | €2.30M | €849k | €1.37M | €259k | ▼ 81.0% |
| Investment grants15 | €12k | €10k | €9k | €7k | €6k | ▼ 20.0% |
| Provisions and deferred taxes16 | - | - | - | - | €198k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €198k | - |
| Other liabilities and charges164/5 | - | - | - | - | €198k | - |
| Amounts payable17/49 | €691k | €589k | €2.89M | €844k | €2.65M | ▲ 214% |
| Amounts payable within one year42/48 | €691k | €589k | €2.87M | €844k | €2.65M | ▲ 214% |
| Trade debts44 | €443k | €334k | €490k | €449k | €538k | ▲ 19.9% |
| Suppliers440/4 | €443k | €334k | €490k | €449k | €538k | ▲ 19.9% |
| Taxes, remuneration and social security45 | €246k | €253k | €382k | €396k | €515k | ▲ 30.2% |
| Taxes450/3 | €176k | €170k | €249k | €265k | €389k | ▲ 47.1% |
| Remuneration and social security454/9 | €69k | €82k | €133k | €131k | €126k | ▼ 3.9% |
| Other amounts payable47/48 | €3k | €3k | €2.00M | €200 | €1.60M | ▲ 800,000% |
| Accrued charges and deferred income492/3 | - | - | €20k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €430k | €439k | €467k | €517k | €493k | ▼ 4.7% |
| + Depreciation and write-downs630 | €193k | €191k | €209k | €189k | €206k | ▲ 9.0% |
| Operating cash flow (approximation) | €623k | €630k | €676k | €706k | €699k | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | €-82k | €-167k | €-26k | €-161k | ▼ 514% |
| Change in cash | - | €-44k | €-41k | €19k | €-32k | ▼ 268% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €517k ▲10.7%
Net result €517k, the highest in the series.
31-12
Financial
Equity above €2MEq €2.19M ▲30.8%
6 profitable years in a row build equity to €2.19M.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-07
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 9 acts read
About the unread acts
We know of 9 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
9 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, Arendonk · 1 establishment unit since 1991
Ground area
4,514 m²
Building footprint
843 m²
Volume, LiDAR
3,208 m³
Parcel 13001A0507/00V010, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SCHIPPERS BVBA
since 19912.044.896.293
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13001A0507/00V010 | Flanders | 4,514 m² | 1 · 843 m² | 6.0 m · 1 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 siteArendonk2.044.896.293
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Of 806 companies in sector 46610 we hold annual accounts for 566. 457 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
Founded06-09-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
46610Wholesale trade
46442Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.