LIPPENS
ActiveSummary
LIPPENS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €850k and a net result of €96k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 72% of 8093 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80=
Solvency100▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 3.29 against 1.97 in 2023; short-term debt: 4.9% and cash: 15.6% of total assets), and 23.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.6%
Return on assets
8.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
87 d late
2022
32 d late
2021
46 d late
2020
27 d late
2019
67 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€850k▲ 12.8%
2023 · €754k
2018: €349k
2019: €424k
2020: €502k
2021: €577k
2022: €663k
2023: €754k
2018 → 2024
Total assets
€1.11M▲ 6.4%
2023 · €1.04M
2018: €984k
2019: €1.05M
2020: €1.04M
2021: €1.02M
2022: €1.03M
2023: €1.04M
2018 → 2024
Net result
€96k▲ 6.2%
2023 · €91k
2018: €99k
2019: €74k
2020: €79k
2021: €75k
2022: €190k
2023: €91k
2018 → 2024
Working capital
€125k▲ 146%
2023 · €51k
2018: €-82k
2019: €-65k
2020: €-61k
2021: €-53k
2022: €-18k
2023: €51k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€502k-€577k▲ 14.9%€663k▲ 14.9%€754k▲ 13.7%€850k▲ 12.8%
Operating result€120k-€119k▼ 0.9%€137k▲ 15.4%€132k▼ 3.9%€139k▲ 5.6%
Net result€79k-€75k▼ 4.7%€190k▲ 153%€91k▼ 52.3%€96k▲ 6.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.11M
Fixed assets
€929k ▼ 1.1%
Current assets
€180k ▲ 73.7%
Equity and liabilities €1.11M
Equity
€850k ▲ 12.8%
Debt
€259k ▼ 10.4%
Debt's share of the balance-sheet total falls from 27.7% to 23.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€149k▲
2023 · €142k
Cash flow
€106k▲
2023 · €101k
Current ratio
3.29▲
2023 · 1.97
Debt to equity
0.30▼
2023 · 0.38
ROE
11.3%▼
2023 · 12.0%
ROA
8.7%▼
2023 · 8.7%
Interest coverage
36.99▲
2023 · 30.46
Debt ≤ 1 year
€55k▲
2023 · €53k
Debt > 1 year
€204k▼
2023 · €237k
Income taxes
€39k▲
2023 · €36k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.04M€1.11M▲
Fixed assets21/28€940k€929k▼
Tangible fixed assets22/27€440k€429k▼
Land and buildings22€440k€429k▼
Financial fixed assets28€500k€500k=
Current assets29/58€104k€180k▲
Amounts receivable within one year40/41€3k€470▼
Other amounts receivable41€3k€470▼
Cash at bank and in hand54/58€95k€174k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.04M€1.11M▲
Equity10/15€754k€850k▲
Contributions10/11€7k€7k=
Reserves13€696k€792k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€694k€790k▲
Profit (loss) carried forward14€52k€52k=
Amounts payable17/49€289k€259k▼
Amounts payable after more than one year17€237k€204k▼
Financial debts170/4€237k€204k▼
Amounts payable within one year42/48€53k€55k▲
Current portion of amounts payable after more than one year42€32k€32k▲
Financial debts43€10k€10k▲
Credit institutions430/8€10k€10k▲
Trade debts44€107€120▲
Suppliers440/4€107€120▲
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€9k€8k▼
Remuneration and social security454/9€0€2k▲
Other amounts payable47/48€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€3k€3k▲
Gross operating margin9900€145k€153k▲
Operating profit (loss)9901€132k€139k▲
Financial income75/76B€38€383▲
Recurring financial income75€38€383▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€127k€135k▲
Income taxes67/77€36k€39k▲
Profit (loss) for the period9904€91k€96k▲
Profit (loss) for the period to be appropriated9905€91k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€142k€148k▲
Profit (loss) brought forward from the previous period14P€52k€52k=
Transfer from equity791/2€0-
Transfer to equity691/2€91k€96k▲
To other reserves6921€91k€96k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 87 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 1.97
Current ratio from 0.82 to 1.97; short-term debt falls from €98k to €53k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €190k ▲153%
Net result €190k, the highest in the series.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 46 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Equity above €500kEq €502k ▲18.6%
3 profitable years in a row build equity to €502k.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
31-12
Financial
Weakest financial yearnet €74k ▼25.1%
Net result drops to €74k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Brecht · 1 establishment unit since 2006
Ground area
286 m²
Building footprint
163 m²
Volume, LiDAR
1,214 m³
Parcel 11333D0651/00N000, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LIPPENS
since 20062.155.195.389
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0651/00N000 | Flanders | 286 m² | 1 · 163 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
C.M.P.
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deGuytenaer.be
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FARINOTTI
BE 0838.866.985
Mortsel · Eq €850,455
Ruben Meskens
BE 0849.103.356
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RIMATEC
BE 0872.062.365
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 29,607 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:03/3138612