FiPaMi
ActiveFiPaMi has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139k and a net result of €-28k. Equity is shrinking by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 810 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-1
Solvency63▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.02 in 2024; short-term debt: 61.8% and cash: 0.2% of total assets), and 61.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 56
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
38.2%
Return on assets
-7.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-28k
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
1 d early
2023
2 d early
2022
on the day
2021
31 d early
2020
39 d early
2019
1 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-28k▼ 4.4%
2024 · €-27k
2018: €-23k
2019: €-25k
2020: €42k
2021: €-35k
2022: €-24k
2023: €-26k
2024: €-27k
2018 → 2025
Working capital
€-224k▼ 7.1%
2024 · €-210k
2018: €10k
2019: €-21k
2020: €-127k
2021: €-175k
2022: €-175k
2023: €-199k
2024: €-210k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€245k-€221k▼ 9.6%€194k▼ 12.0%€167k▼ 13.9%€139k▼ 16.9%
Operating result€-33k-€-23k▲ 30.7%€-26k▼ 14.3%€-27k▼ 2.2%€-28k▼ 4.6%
Net result€-35k-€-24k▲ 33.2%€-26k▼ 12.0%€-27k▼ 2.5%€-28k▼ 4.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2025 against €27k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €364k
Fixed assets
€364k▼ 3.5%
Current assets
€738▼ 83.2%
Equity and liabilities €364k
Equity
€139k▼ 16.9%
Debt
€225k▲ 5.3%
The debt ratio rises from 56.1% to 61.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €-1k
Cash flow
€-4k▼
2024 · €-2k
Solvency
38.2%▼
2024 · 43.9%
Current ratio
0.00▼
2024 · 0.02
Quick ratio
0.00▼
2024 · 0.02
Debt / equity
1.62▲
2024 · 1.28
ROE
-20.3%▼
2024 · -16.2%
ROA
-7.8%▼
2024 · -7.1%
Interest coverage
-18.33▼
2024 · -5.28
Debt
€225k▲
2024 · €214k
Debt ≤ 1 year
€225k▲
2024 · €214k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€381k€364k▼
Fixed assets21/28€377k€364k▼
Tangible fixed assets22/27€377k€364k▼
Land and buildings22€377k€364k▼
Plant, machinery and equipment23€183€69▼
Current assets29/58€4k€738▼
Cash at bank and in hand54/58€4k€738▼
Equity and liabilities
Total equity and liabilities10/49€381k€364k▼
Equity10/15€167k€139k▼
Contributions10/11€87k€87k=
Revaluation surpluses12€185k€185k=
Reserves13€21k€21k=
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Tax-exempt reserves132€12k€12k=
Profit (loss) carried forward14€-125k€-153k▼
Amounts payable17/49€214k€225k▲
Amounts payable within one year42/48€214k€225k▲
Financial debts43€11k€22k▲
Other loans439€11k€22k▲
Trade debts44€3k€234▼
Suppliers440/4€3k€234▼
Other amounts payable47/48€200k€203k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€24k▼
Other operating charges640/8€1k€840▼
Gross operating margin9900€-214€-3k▼
Operating profit (loss)9901€-27k€-28k▼
Financial charges65/66B€243€215▼
Recurring financial charges65€243€215▼
Profit (loss) for the period before taxes9903€-27k€-28k▼
Profit (loss) for the period9904€-27k€-28k▼
Profit (loss) for the period to be appropriated9905€-27k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-125k€-153k▼
Profit (loss) brought forward from the previous period14P€-98k€-125k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-35k ▼185%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €42k
Net result €42k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €280k ▲425%
Equity rises from €53k to €280k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 68 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
26-07
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.
Directors · office · real estate
Directors
2 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, Manage · 1 establishment unit since 1983
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.
Rue du Traîneau 337170 ManageGround area
685 m²
Building footprint
154 m²
Volume, LiDAR
1,324 m³
2 parcels, Brussels, Wallonia · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Vooruitgangstraat 80, 1030 Schaarbeek
since 19832.024.082.172
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52043E0095/00T000 | Wallonia | 507 m² | 1 · 83 m² | 8.3 m · 2 fl. |
| 21910E0033/00M011 | Brussels | 178 m² | 1 · 71 m² | 16.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0451.529.060
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ORESTO
BE 0554.931.357
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Le Bastion
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,166 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-1983
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.