LIPIC
ActiveLIPIC has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €-36k. Equity is shrinking by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency67=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.43 against 5.23 in 2024), but equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
-2.4%
Return on assets
-2.3%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€39k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
1 d early
2023
8 d early
2022
on the day
2021
11 d late
2020
18 d late
2019
38 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-39k▼ 1,515%
2024 · €-2k
2018: €252k
2019: €169k
2020: €147k
2021: €114k
2022: €84k
2023: €36k
2024: €-2k
2018 → 2025
Total assets
€1.60M▲ 3.0%
2024 · €1.56M
2018: €746k
2019: €1.21M
2020: €1.26M
2021: €1.34M
2022: €1.44M
2023: €1.53M
2024: €1.56M
2018 → 2025
Net result
€-36k▲ 6.4%
2024 · €-39k
2018: €3k
2019: €-83k
2020: €-23k
2021: €-33k
2022: €-30k
2023: €-48k
2024: €-39k
2018 → 2025
Working capital
€69k▼ 24.5%
2024 · €91k
2018: €22k
2019: €43k
2020: €62k
2021: €109k
2022: €36k
2023: €52k
2024: €91k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€84k▼ 26.6%€36k▼ 56.6%€-2k€-39k▼ 1,515%
Operating result€-31k-€-30k▲ 4.7%€-45k▼ 50.4%€-32k▲ 27.5%€-29k▲ 10.9%
Net result€-33k-€-30k▲ 6.4%€-48k▼ 55.9%€-39k▲ 18.4%€-36k▲ 6.4%
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 stays negative: a loss of €29k in 2025 against €32k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.60M
Fixed assets
€1.51M▲ 4.3%
Current assets
€97k▼ 13.9%
Key figures and ratios
EBITDA
€56k▲
2024 · €53k
Cash flow
€49k▲
2024 · €46k
Solvency
-2.4%▼
2024 · -0.2%
Current ratio
3.43▼
2024 · 5.23
Quick ratio
3.37▼
2024 · 5.15
Debt / equity
-42.44
ROE
93.8%
ROA
-2.3%▲
2024 · -2.5%
Interest coverage
7.63▼
2024 · 8.75
Debt
€1.64M▲
2024 · €1.56M
Debt ≤ 1 year
€28k▲
2024 · €22k
Debt > 1 year
€1.61M▲
2024 · €1.54M
Income taxes
€21▼
2024 · €325
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€1.56M€1.60M▲
Fixed assets21/28€1.44M€1.51M▲
Tangible fixed assets22/27€1.44M€1.51M▲
Land and buildings22€1.40M€1.48M▲
Furniture and vehicles24€41k€30k▼
Current assets29/58€113k€97k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€6-
Trade receivables40€6-
Cash at bank and in hand54/58€109k€93k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.60M▲
Equity10/15€-2k€-39k▼
Contributions10/11€312k€312k=
Capital10€312k€312k=
Issued capital100€312k€312k=
Profit (loss) carried forward14€-314k€-351k▼
Amounts payable17/49€1.56M€1.64M▲
Amounts payable after more than one year17€1.54M€1.61M▲
Other amounts payable178/9€1.54M€1.61M▲
Amounts payable within one year42/48€22k€28k▲
Current portion of amounts payable after more than one year42€17k€26k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Non-recurring operating income76A€7-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€85k=
Other operating charges640/8€14k€16k▲
Non-recurring operating charges66A€20-
Gross operating margin9900€67k€72k▲
Operating profit (loss)9901€-32k€-29k▲
Financial income75/76B€79€71▼
Recurring financial income75€79€71▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€-38k€-36k▲
Income taxes67/77€325€21▼
Profit (loss) for the period9904€-39k€-36k▲
Profit (loss) for the period to be appropriated9905€-39k€-36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-314k€-351k▼
Profit (loss) brought forward from the previous period14P€-276k€-314k▼
The notes to these accounts (4 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 28.56
Current ratio from 7.71 to 28.56; short-term debt falls from €16k to €1k.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 7.71
Current ratio from 2.42 to 7.71; short-term debt falls from €44k to €16k.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Weakest financial yearnet €-83k ▼3110%
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Mons · 1 establishment unit since 2006
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 à Charrettes (Jem. II) 247012 MonsGround area
5,183 m²
Building footprint
314 m²
Volume, LiDAR
1,970 m³
2 parcels, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIPIC
since 20062.158.904.947
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53027B0236/00N010 | Wallonia | 5,109 m² | 1 · 238 m² | 8.0 m · 2 fl. |
| 53302C0348/00A003 | Wallonia | 73 m² | 1 · 76 m² | 8.7 m · 2 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.
Similar companies · same sector, comparable size
BSG IMMO
BE 0773.604.395
Liège · Eq €36k
FONIMMO.RL
BE 0822.389.259
Anderlecht · Eq €36k
Absint
BE 0713.515.964
Staden · Eq €36k
IMMO.BAT+
BE 0886.766.080
Villers-la-Ville · Eq €36k
VMDS
BE 0751.687.741
Buggenhout · Eq €36k
Of 9,093 companies in sector 68201 we hold annual accounts for 6,724. 2,905 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-12-2006
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.