E-PIPE BENELUX
E-PIPE BENELUX has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €742k and a net result of €21k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 7505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €742k |
| Net result | €21k |
| Staff (FTE) | 17.8 |
| Better than sector | 66% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 57.7% | 44.0% | |
| Net result | €21k | €29k | |
| Equity | €742k | €274k | |
| Gross operating margin | €1.49M | €272k | |
| Staff costs | €1.29M | €243k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €184k | €293k | €190k | €258k | €130k |
| Net profit | €21k | €107k | €51k | €121k | €19k |
| Cash flow | €161k | €242k | €156k | €214k | €117k |
| Staff costs | €1.29M | €1.12M | €865k | €828k | €788k |
| Income taxes | €13k | €41k | €25k | €39k | €6k |
| Dividends | - | - | - | - | - |
| Total assets | €1.28M | €1.56M | €1.13M | €1.05M | €916k |
| Equity | €742k | €721k | €614k | €563k | €432k |
| Debt | €457k | €745k | €422k | €399k | €392k |
| of which ≤ 1y | €306k | €559k | €285k | €246k | €296k |
| of which > 1y | €114k | €120k | €137k | €153k | €95k |
| Working capital | €575k | €551k | €439k | €463k | €375k |
| Employees (FTE) | 17.8 | 15.8 | 12.7 | 12.4 | 12.3 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.88 | 1.98 | 2.54 | 2.88 | 2.26 |
| Quick ratio | 2.68 | 1.81 | 2.38 | 2.74 | 2.17 |
| Working capital ratio | 44.8% | 35.4% | 39.0% | 43.9% | 40.9% |
| Solvency | 57.7% | 46.3% | 54.4% | 53.4% | 47.2% |
| Debt / equity | 0.62 | 1.03 | 0.69 | 0.71 | 0.91 |
| Long-term debt ratio | 0.15 | 0.17 | 0.22 | 0.27 | 0.22 |
| Interest coverage | 17.12 | 24.40 | 17.53 | 35.28 | 14.10 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.6% | 6.9% | 4.5% | 11.5% | 2.1% |
| ROE | 2.8% | 14.8% | 8.3% | 21.5% | 4.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.28M | €1.56M | €1.13M | €1.05M | €916k |
| Fixed assets | 21/28 | €403k | €447k | €403k | €345k | €244k |
| Intangible fixed assets | 21 | €9k | €6k | €8k | €11k | €8k |
| Tangible fixed assets | 22/27 | €352k | €399k | €353k | €334k | €236k |
| Financial fixed assets | 28 | €42k | €42k | €42k | - | - |
| Current assets | 29/58 | €881k | €1.11M | €724k | €709k | €671k |
| Stocks & contracts in progress | 3 | €61k | €96k | €47k | €35k | €27k |
| Amounts receivable within one year | 40/41 | €321k | €489k | €347k | €282k | €290k |
| Cash & bank | 54/58 | €377k | €453k | €251k | €331k | €322k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.28M | €1.56M | €1.13M | €1.05M | €916k |
| Equity | 10/15 | €742k | €721k | €614k | €563k | €432k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €723k | €702k | €595k | €545k | €414k |
| Provisions & deferred taxes | 16 | €86k | €92k | €92k | €92k | €92k |
| Amounts payable | 17/49 | €457k | €745k | €422k | €399k | €392k |
| Amounts payable after one year | 17 | €114k | €120k | €137k | €153k | €95k |
| Amounts payable within one year | 42/48 | €306k | €559k | €285k | €246k | €296k |
| Trade debts payable within one year | 44 | €164k | €399k | €132k | €100k | €168k |
| Income statement | ||||||
| Gross operating margin | 9900 | €1.49M | €1.46M | €1.08M | €1.10M | €912k |
| Operating result | 9901 | €43k | €159k | €85k | €165k | €33k |
| Financial income | 75 | €2k | €1k | €1k | €2k | €2k |
| Financial charges | 65 | €11k | €12k | €11k | €7k | €9k |
| Result before taxes | 9903 | €34k | €148k | €75k | €160k | €26k |
| Income taxes | 67/77 | €13k | €41k | €25k | €39k | €6k |
| Net result for the period | 9904 | €21k | €107k | €51k | €121k | €19k |
| Result to be appropriated | 9905 | €21k | €107k | €51k | €121k | €19k |
Former directors (1)
-
Magali De ConinckDirectorState Gazette act 23037109 (15-03-2023)Former- → 07-02-2023
| NACE primary | Installation of electric heating, air conditioning, cooling and ventilation(43222) |
| Legal form | Private limited company(610) |
| Incorporation | 21-03-2011 |
| Status | Active |
| Postal code | 8530 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D1569/00C002 | Flanders | 3,786 m² | 1 · 1,149 m² | 7.4 m · 2 fl. |
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.
10-05-2023 Restructuring of share classes
Technical details
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"notary": {
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"act_date": "2023-05-02",
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"underlying_resolution_date": "2023-04-27"
},
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"subject_company": {
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"uitgifte van de akte",
"geco\u00F6rdineerde statuten",
"eventuele verslaggeving"
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}
]
}15-03-2023 Magali De Coninck resigns as director
- Magali De Coninck, Bestuurder
Technical details
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"effective_date": "2023-02-07",
"evidence_quote": "De bijzondere algemene vergadering neemt kennis van het vrijwillig ontslag als bestuurder gegeven door Magali De Coninck en dit sinds 07/02/2023.",
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"filing_date": "2023-03-06",
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}| Legal nameNL | E-PIPE BENELUX |