T.E. PIP
ActiveSummary
T.E. PIP has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €702,896 and a net result of €205,026. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 2075 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+4
Solvency95▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 3.35 against 1.67 in 2024; short-term debt: 13.2% and cash: 26.1% of total assets), and 30.4% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
69.6%
Return on assets
20.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
27 d early
2023
8 d early
2022
33 d early
2021
31 d early
2020
17 d early
2019
3 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 20 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 4 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#6 oldest company in Amblève, Construction sector#7 company by total assets in Amblève, Construction sector#9 company by equity in Amblève, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€205,026▲ 28.0%
2024 · €160,150
Working capital
€314,126▲ 117%
2024 · €145,006
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,075-€67,850▲ 160%€51,281▼ 24.4%€228,529▲ 346%€300,718▲ 31.6%
Net result€32,431within the sector's middle half-€58,440within the sector's middle half▲ 80.2%€46,707within the sector's middle half▼ 20.1%€160,150above the sector's middle half▲ 243%€205,026above the sector's middle half▲ 28.0%
Equity€233,197within the sector's middle half-€291,437within the sector's middle half▲ 25.0%€337,950within the sector's middle half▲ 16.0%€497,905within the sector's middle half▲ 47.3%€702,896within the sector's middle half▲ 41.2%
Total assets€460,110within the sector's middle half-€506,195within the sector's middle half▲ 10.0%€529,619within the sector's middle half▲ 4.6%€927,604within the sector's middle half▲ 75.1%€1.0mwithin the sector's middle half▲ 8.9%
Debt€226,913-€214,758▼ 5.4%€191,669▼ 10.8%€415,841▲ 117%€295,210▼ 29.0%
Working capital€127,840within the sector's middle half-€154,873within the sector's middle half▲ 21.1%€101,084within the sector's middle half▼ 34.7%€145,006within the sector's middle half▲ 43.5%€314,126within the sector's middle half▲ 117%
Solvency50.7%within the sector's middle half-57.6%within the sector's middle half▲ 6.9pp63.8%above the sector's middle half▲ 6.2pp53.7%within the sector's middle half▼ 10.1pp69.6%above the sector's middle half▲ 15.9pp
Current ratio2.37within the sector's middle half-2.35within the sector's middle half▼ 0.021.86within the sector's middle half▼ 0.491.67within the sector's middle half▼ 0.193.35above the sector's middle half▲ 1.68
Return on assets (ROA)7.0%within the sector's middle half-11.5%within the sector's middle half▲ 4.5pp8.8%within the sector's middle half▼ 2.7pp17.3%above the sector's middle half▲ 8.4pp20.3%above the sector's middle half▲ 3.0pp
Staff (FTE)2.8below the sector's middle half-2below the sector's middle half▼ 28.6%1.6below the sector's middle half▼ 20.0%2below the sector's middle half▲ 25.0%3below the sector's middle half▲ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€562,860 ▼ 0.6%
Current assets
€447,604 ▲ 23.9%
Equity and liabilities €1.0m
Equity
€702,896 ▲ 41.2%
Provisions
€12,358 ▼ 10.8%
Debt
€295,210 ▼ 29.0%
Debt's share of the balance-sheet total falls from 44.8% to 29.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€428,946▲
2024 · €340,639
Cash flow
€333,254▲
2024 · €272,260
Quick ratio
2.32▲
2024 · 0.94
Debt to equity
0.42▼
2024 · 0.84
ROE
29.2%▼
2024 · 32.2%
Interest coverage
16.77▲
2024 · 11.96
Debt ≤ 1 year
€133,477▼
2024 · €216,212
Debt > 1 year
€158,473▼
2024 · €196,531
Income taxes
€89,960▲
2024 · €39,445
Staff costs
€173,098▲
2024 · €130,516
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €14,258 | - | €60,000 | €12,824 | ▼ 78.6% |
| Remuneration, social security and pensions62 | - | €68,609 | €71,037 | €130,516 | €173,098 | ▲ 32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,591 | €64,148 | €73,393 | €112,110 | €128,228 | ▲ 14.4% |
| Other operating charges640/8 | - | €6,249 | €6,346 | €6,501 | €6,796 | ▲ 4.5% |
| Non-recurring operating charges66A | - | - | - | - | €600 | - |
| Gross operating margin9900 | €183,074 | €206,855 | €202,058 | €477,657 | €609,440 | ▲ 27.6% |
| Operating profit (loss)9901 | €26,075 | €67,850 | €51,281 | €228,529 | €300,718 | ▲ 31.6% |
| Financial income75/76B | - | €10,259 | €12,207 | €13,399 | €18,348 | ▲ 36.9% |
| Recurring financial income75 | €14,119 | €10,259 | €12,207 | €13,399 | €18,348 | ▲ 36.9% |
| Financial charges65/66B | - | €6,258 | €7,833 | €28,475 | €25,580 | ▼ 10.2% |
| Recurring financial charges65 | €7,763 | €6,258 | €7,833 | €28,475 | €25,580 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €32,431 | €71,851 | €55,655 | €213,453 | €293,486 | ▲ 37.5% |
| Transfer from deferred taxes780 | - | - | - | €1,142 | €1,500 | ▲ 31.3% |
| Transfer to deferred taxes680 | - | - | - | €15,000 | - | - |
| Income taxes67/77 | - | €13,411 | €8,948 | €39,445 | €89,960 | ▲ 128% |
| Profit (loss) for the period9904 | €32,431 | €58,440 | €46,707 | €160,150 | €205,026 | ▲ 28.0% |
| Transfer from tax-exempt reserves789 | - | €8,734 | - | €3,427 | €4,500 | ▲ 31.3% |
| Transfer to tax-exempt reserves689 | - | - | - | €45,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | €32,431 | €67,174 | €46,707 | €118,578 | €209,526 | ▲ 76.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €460,110 | €506,195 | €529,619 | €927,604 | €1.0m | ▲ 8.9% |
| Fixed assets21/28 | €238,797 | €236,785 | €310,759 | €566,386 | €562,860 | ▼ 0.6% |
| Tangible fixed assets22/27 | €238,342 | €236,330 | €310,304 | €565,931 | €562,405 | ▼ 0.6% |
| Land and buildings22 | - | €13,576 | €11,107 | €12,042 | €10,057 | ▼ 16.5% |
| Plant, machinery and equipment23 | - | €1,418 | €54,592 | €62,162 | €46,027 | ▼ 26.0% |
| Furniture and vehicles24 | - | €221,336 | €244,605 | €491,727 | €506,321 | ▲ 3.0% |
| Financial fixed assets28 | €455 | €455 | €455 | €455 | €455 | = |
| Current assets29/58 | €221,313 | €269,410 | €218,860 | €361,218 | €447,604 | ▲ 23.9% |
| Stocks and contracts in progress3 | €73,678 | €87,847 | €93,854 | €157,300 | €137,607 | ▼ 12.5% |
| Stocks30/36 | - | €80,579 | €84,021 | €122,901 | €137,607 | ▲ 12.0% |
| Contracts in progress37 | - | €7,268 | €9,834 | €34,399 | - | - |
| Amounts receivable within one year40/41 | €33,183 | €95,637 | €42,746 | €38,572 | €32,443 | ▼ 15.9% |
| Trade receivables40 | - | €55,047 | €27,691 | €1,839 | €8,859 | ▲ 382% |
| Other amounts receivable41 | - | €40,589 | €15,055 | €36,733 | €23,584 | ▼ 35.8% |
| Cash at bank and in hand54/58 | €31,000 | €74,363 | €70,435 | €153,518 | €264,068 | ▲ 72.0% |
| Deferred charges and accrued income490/1 | - | €11,564 | €11,825 | €11,828 | €13,485 | ▲ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €460,110 | €506,195 | €529,619 | €927,604 | €1.0m | ▲ 8.9% |
| Equity10/15 | €233,197 | €291,437 | €337,950 | €497,905 | €702,896 | ▲ 41.2% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €11,234 | €69,674 | €116,382 | €276,532 | €481,558 | ▲ 74.1% |
| Non-distributable reserves130/1 | - | €2,500 | €2,500 | - | - | - |
| Reserves not available under the articles1311 | - | €2,500 | €2,500 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €41,573 | €37,073 | ▼ 10.8% |
| Distributable reserves133 | - | €67,174 | €113,882 | €234,959 | €444,485 | ▲ 89.2% |
| Profit (loss) carried forward14 | €196,106 | €196,106 | €196,106 | €196,106 | €196,106 | = |
| Investment grants15 | - | €657 | €462 | €268 | €232 | ▼ 13.2% |
| Provisions and deferred taxes16 | - | - | - | €13,858 | €12,358 | ▼ 10.8% |
| Deferred taxes168 | - | - | - | €13,858 | €12,358 | ▼ 10.8% |
| Amounts payable17/49 | €226,913 | €214,758 | €191,669 | €415,841 | €295,210 | ▼ 29.0% |
| Amounts payable after more than one year17 | €133,440 | €100,221 | €73,894 | €196,531 | €158,473 | ▼ 19.4% |
| Financial debts170/4 | - | €100,221 | €73,894 | €196,531 | €158,473 | ▼ 19.4% |
| Amounts payable within one year42/48 | €93,472 | €114,537 | €117,775 | €216,212 | €133,477 | ▼ 38.3% |
| Current portion of amounts payable after more than one year42 | - | €51,152 | €26,327 | €38,721 | €38,058 | ▼ 1.7% |
| Trade debts44 | €22,787 | €10,577 | €39,273 | €123,403 | €8,507 | ▼ 93.1% |
| Suppliers440/4 | - | €10,577 | €39,273 | €123,403 | €8,507 | ▼ 93.1% |
| Taxes, remuneration and social security45 | - | €28,742 | €28,590 | €33,740 | €65,987 | ▲ 95.6% |
| Taxes450/3 | - | €21,769 | €21,417 | €28,740 | €61,457 | ▲ 114% |
| Remuneration and social security454/9 | - | €6,973 | €7,173 | €5,000 | €4,530 | ▼ 9.4% |
| Other amounts payable47/48 | - | €24,066 | €23,585 | €20,348 | €20,925 | ▲ 2.8% |
| Accrued charges and deferred income492/3 | - | - | - | €3,098 | €3,260 | ▲ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,431 | €58,440 | €46,707 | €160,150 | €205,026 | ▲ 28.0% |
| + Depreciation and write-downs630 | €75,591 | €64,148 | €73,393 | €112,110 | €128,228 | ▲ 14.4% |
| Operating cash flow (approximation) | €108,022 | €122,588 | €120,101 | €272,260 | €333,254 | ▲ 22.4% |
| Investment in fixed assets (approximation) | - | -€62,135 | -€147,368 | -€367,737 | -€124,702 | ▲ 66.1% |
| Change in cash | - | €43,363 | -€3,927 | €83,083 | €110,550 | ▲ 33.1% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Highest result since 2019net €205,026 ▲28%
Operating result €300,718, net result €205,026, both a record.
31-03
Financial
Liquidity doublescurrent ratio 3.35
Current ratio from 1.67 to 3.35; short-term debt falls from €216,212 to €133,477.
31-03
Financial
Equity above €500,000Eq €702,896 ▲41.2%
6 profitable years in a row build equity to €702,896.
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Equity above €200,000Eq €233,197 ▲34.2%
2 profitable years in a row build equity to €233,197.
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-09
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 3 acts read
About the unread acts
We know of 3 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
3 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, Amel · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wallerode,Am Wiesengrund 304770 Amel1 establishment unit
Wallerode,Am Wiesengrund 30, 4770 Amel
since 19892.043.924.810
Recognitions · licences · registrations
Recognised contractor
10 categoriesT.E. PIP SRL21289
Food safety, FASFC
1 siteAmel/Amblève2.043.924.810
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Of 8,576 companies in sector 43410 we hold annual accounts for 4,368. 2,477 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
Founded01-06-1989
Fiscal year end31-03
Activities, NACEBEL 2025
43410Roofing work
01420Raising of other cattle and buffaloes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437521171
Also
9925:BE0437521171
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.