LIPA
ActiveSummary
LIPA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €427k and a net result of €25k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 482 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency76▲+1
Growth40=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.84 against 2.65 in 2024; short-term debt: 20.9% and cash: 17.4% of total assets), and 48.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer 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
51.2%
Return on assets
3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
6 d late
2024
29 d late
2023
40 d early
2022
31 d late
2021
5 d early
2020
30 d late
2019
111 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
Turnover
€945k▼ 14.2%
2020 · €1.10M
2019: €1.05M
2020: €1.10M▲ +5.0% vs 2019highest in 3 years
2021: €945k▼ -14.2% vs 2020lowest in 3 years
2019 → 2021
EBIT margin
3.7%▼ 2.3pp
2020 · 6.0%
2019: 4.0%
2020: 6.0%▲ +50.0% vs 2019highest in 3 years
2021: 3.7%▼ -39.1% vs 2020lowest in 3 years
2019 → 2021
Net result
€25k▲ 153%
2024 · €10k
2018: €65k
2019: €24k▼ -62.6% vs 2018
2020: €45k▲ +84.9% vs 2019
2021: €13k▼ -70.5% vs 2020
2022: €10k▼ -26.9% vs 2021lowest in 8 years
2023: €66k▲ +582% vs 2022highest in 8 years
2024: €10k▼ -85.2% vs 2023
2025: €25k▲ +153% vs 2024
2018 → 2025
Working capital
€322k▲ 4.2%
2024 · €309k
2018: €146klowest in 8 years
2019: €158k▲ +8.8% vs 2018
2020: €201k▲ +26.8% vs 2019
2021: €222k▲ +10.6% vs 2020
2022: €227k▲ +2.3% vs 2021
2023: €301k▲ +32.4% vs 2022
2024: €309k▲ +2.7% vs 2023
2025: €322k▲ +4.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€945k-
Equity€328k-€337k▲ 2.7%€396k▲ 17.7%€405k▲ 2.2%€427k▲ 5.4%
2021: €328klowest in 5 years
2022: €337k▲ +2.7% vs 2021
2023: €396k▲ +17.7% vs 2022
2024: €405k▲ +2.2% vs 2023
2025: €427k▲ +5.4% vs 2024highest in 5 years
Operating result€35k-€20k▼ 42.6%€91k▲ 360%€23k▼ 74.8%€44k▲ 92.2%
2021: €35k
2022: €20k▼ -42.6% vs 2021lowest in 5 years
2023: €91k▲ +360% vs 2022highest in 5 years
2024: €23k▼ -74.8% vs 2023
2025: €44k▲ +92.2% vs 2024
Net result€13k-€10k▼ 26.9%€66k▲ 582%€10k▼ 85.2%€25k▲ 153%
2021: €13k
2022: €10k▼ -26.9% vs 2021lowest in 5 years
2023: €66k▲ +582% vs 2022highest in 5 years
2024: €10k▼ -85.2% vs 2023
2025: €25k▲ +153% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 92% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €834k
Fixed assets
€338k ▲ 4.9%
Current assets
€496k ▼ 0.1%
Equity and liabilities €834k
Equity
€427k ▲ 5.4%
Debt
€407k ▼ 1.6%
Debt's share of the balance-sheet total falls from 50.5% to 48.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79k▲
2024 · €57k
Cash flow
€59k▲
2024 · €44k
Current ratio
2.84▲
2024 · 2.65
Quick ratio
2.68▲
2024 · 2.56
Debt to equity
0.95▼
2024 · 1.02
ROE
5.8%▲
2024 · 2.4%
ROA
3.0%▲
2024 · 1.2%
Interest coverage
5.65▼
2024 · 7.34
Debt ≤ 1 year
€174k▼
2024 · €188k
Debt > 1 year
€232k▲
2024 · €226k
Income taxes
€11k▲
2024 · €7k
Staff costs
€353k▲
2024 · €333k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€818k€834k▲
Fixed assets21/28€322k€338k▲
Intangible fixed assets21€829€50k▲
Tangible fixed assets22/27€303k€270k▼
Land and buildings22€203k€192k▼
Plant, machinery and equipment23€49k€42k▼
Furniture and vehicles24€52k€36k▼
Financial fixed assets28€18k€18k▼
Current assets29/58€496k€496k▼
Stocks and contracts in progress3€17k€28k▲
Stocks30/36€17k€28k▲
Amounts receivable within one year40/41€201k€238k▲
Trade receivables40€170k€196k▲
Other amounts receivable41€31k€42k▲
Current investments50/53-€79k
Cash at bank and in hand54/58€269k€145k▼
Deferred charges and accrued income490/1€9k€6k▼
Equity and liabilities
Total equity and liabilities10/49€818k€834k▲
Equity10/15€405k€427k▲
Contributions10/11€79k€79k=
Capital10€79k€79k=
Issued capital100€79k€79k=
Reserves13€326k€348k▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€318k€340k▲
Amounts payable17/49€413k€407k▼
Amounts payable after more than one year17€226k€232k▲
Financial debts170/4€226k€232k▲
Amounts payable within one year42/48€188k€174k▼
Current portion of amounts payable after more than one year42€16k€23k▲
Trade debts44€104k€76k▼
Suppliers440/4€104k€76k▼
Advances received on contracts in progress46-€190
Taxes, remuneration and social security45€66k€73k▲
Taxes450/3€21k€20k▼
Remuneration and social security454/9€45k€53k▲
Other amounts payable47/48€1k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€333k€353k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k▲
Other operating charges640/8€9k€6k▼
Gross operating margin9900€399k€437k▲
Operating profit (loss)9901€23k€44k▲
Financial income75/76B€2k€7k▲
Recurring financial income75€2k€7k▲
Financial charges65/66B€8k€16k▲
Recurring financial charges65€8k€14k▲
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€17k€36k▲
Income taxes67/77€7k€11k▲
Profit (loss) for the period9904€10k€25k▲
Profit (loss) for the period to be appropriated9905€10k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€25k▲
Transfer to equity691/2€9k€22k▲
To other reserves6921€9k€22k▲
Profit to be distributed694/7€1k€3k▲
Employees696€1k€3k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €945k | - | - | - | - | - |
| Non-recurring operating income76A | €6k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €673k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €208k | €265k | €282k | €333k | €353k | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €29k | €32k | €34k | €34k | ▲ 0.1% |
| Other operating charges640/8 | €5k | €5k | €6k | €9k | €6k | ▼ 35.5% |
| Non-recurring operating charges66A | - | - | €423 | - | - | - |
| Gross operating margin9900 | €277k | €318k | €412k | €399k | €437k | ▲ 9.5% |
| Operating profit (loss)9901 | €35k | €20k | €91k | €23k | €44k | ▲ 92.2% |
| Financial income75/76B | €4k | €4k | €3k | €2k | €7k | ▲ 362% |
| Recurring financial income75 | €4k | €4k | €3k | €2k | €7k | ▲ 362% |
| Financial charges65/66B | €9k | €9k | €8k | €8k | €16k | ▲ 101% |
| Recurring financial charges65 | €9k | €9k | €8k | €8k | €14k | ▲ 78.1% |
| Non-recurring financial charges66B | - | - | - | - | €2k | - |
| Profit (loss) for the period before taxes9903 | €30k | €15k | €86k | €17k | €36k | ▲ 113% |
| Income taxes67/77 | €16k | €5k | €20k | €7k | €11k | ▲ 57.8% |
| Profit (loss) for the period9904 | €13k | €10k | €66k | €10k | €25k | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | €13k | €10k | €66k | €10k | €25k | ▲ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €732k | €797k | €837k | €818k | €834k | ▲ 1.9% |
| Fixed assets21/28 | €380k | €368k | €338k | €322k | €338k | ▲ 4.9% |
| Intangible fixed assets21 | €7k | €5k | €3k | €829 | €50k | ▲ 5,916% |
| Tangible fixed assets22/27 | €356k | €344k | €315k | €303k | €270k | ▼ 10.9% |
| Land and buildings22 | €236k | €225k | €214k | €203k | €192k | ▼ 5.4% |
| Plant, machinery and equipment23 | €50k | €52k | €45k | €49k | €42k | ▼ 13.5% |
| Furniture and vehicles24 | €71k | €67k | €56k | €52k | €36k | ▼ 29.7% |
| Financial fixed assets28 | €17k | €19k | €20k | €18k | €18k | ▼ 1.1% |
| Current assets29/58 | €352k | €430k | €500k | €496k | €496k | ▼ 0.1% |
| Stocks and contracts in progress3 | €19k | €35k | €29k | €17k | €28k | ▲ 69.0% |
| Stocks30/36 | €19k | €35k | €29k | €17k | €28k | ▲ 69.0% |
| Amounts receivable within one year40/41 | €140k | €200k | €210k | €201k | €238k | ▲ 18.1% |
| Trade receivables40 | €117k | €168k | €182k | €170k | €196k | ▲ 15.0% |
| Other amounts receivable41 | €23k | €32k | €28k | €31k | €42k | ▲ 35.3% |
| Current investments50/53 | - | - | - | - | €79k | - |
| Cash at bank and in hand54/58 | €186k | €189k | €253k | €269k | €145k | ▼ 46.1% |
| Deferred charges and accrued income490/1 | €7k | €6k | €7k | €9k | €6k | ▼ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €732k | €797k | €837k | €818k | €834k | ▲ 1.9% |
| Equity10/15 | €328k | €337k | €396k | €405k | €427k | ▲ 5.4% |
| Contributions10/11 | €79k | €79k | €79k | €79k | €79k | = |
| Capital10 | €79k | €79k | €79k | €79k | €79k | = |
| Issued capital100 | €79k | €79k | €79k | €79k | €79k | = |
| Reserves13 | €249k | €258k | €317k | €326k | €348k | ▲ 6.8% |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | €8k | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | €241k | €250k | €309k | €318k | €340k | ▲ 6.9% |
| Amounts payable17/49 | €404k | €461k | €441k | €413k | €407k | ▼ 1.6% |
| Amounts payable after more than one year17 | €274k | €258k | €242k | €226k | €232k | ▲ 2.9% |
| Financial debts170/4 | €274k | €258k | €242k | €226k | €232k | ▲ 2.9% |
| Amounts payable within one year42/48 | €130k | €203k | €199k | €188k | €174k | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | €15k | €16k | €16k | €16k | €23k | ▲ 39.3% |
| Trade debts44 | €59k | €100k | €103k | €104k | €76k | ▼ 27.4% |
| Suppliers440/4 | €59k | €100k | €103k | €104k | €76k | ▼ 27.4% |
| Advances received on contracts in progress46 | - | - | - | - | €190 | - |
| Taxes, remuneration and social security45 | €52k | €86k | €73k | €66k | €73k | ▲ 11.2% |
| Taxes450/3 | €30k | €34k | €23k | €21k | €20k | ▼ 2.7% |
| Remuneration and social security454/9 | €22k | €52k | €51k | €45k | €53k | ▲ 17.4% |
| Other amounts payable47/48 | €4k | €969 | €7k | €1k | €2k | ▲ 120% |
| Accrued charges and deferred income492/3 | €553 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €10k | €66k | €10k | €25k | ▲ 153% |
| + Depreciation and write-downs630 | €29k | €29k | €32k | €34k | €34k | ▲ 0.1% |
| Operating cash flow (approximation) | €43k | €38k | €98k | €44k | €59k | ▲ 33.9% |
| Investment in fixed assets (approximation) | - | €-16k | €-2k | €-19k | €-50k | ▼ 171% |
| Change in cash | - | €3k | €64k | €16k | €-124k | ▼ 862% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €66k ▲582%
Net result €66k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €10k ▼26.9%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 111 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Diepenbeek · 1 establishment unit since 1991
Ground area
1,924 m²
Building footprint
768 m²
Parcel 71402D1112/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
LIPA NV
since 19912.053.317.477
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402D1112/00Z000 | Flanders | 1,924 m² | 1 · 768 m² | 0.0 m |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 11,483 EUR awarded · 11,483 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,425 EUR | 6,425 EUR |
| 2024 | 2 | 5,058 EUR | 5,058 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,723 companies in sector 63100 we hold annual accounts for 1,270. 842 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
63100Computing infrastructure, data processing, hosting and related activities
62200Computer consultancy and computer facilities management
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.