Checked.be
Active
BE 0802.550.185Private limited company
PIPE INSTAL
Alsembergsesteenweg 842 ·1180 Ukkel, Belgium· 3 yrs active
Sector: Sanitaire werkzaamheden
(43221)
Conclusion
The computed 12-month bankruptcy probability of PIPE INSTAL is 11.3% (high). The 2025 annual accounts show equity of €126k and a net result of €118k. Its solvency ranks better than 25% of 115 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €126k |
| Net result | €118k |
| Better than sector | 25% |
| Active | 3 yrs |
Snowflake analysis
67
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
56
Profitability
100
Solvency
22
Growth
78
Stability
78
Bankruptcy probability (12 mo)
11.3%
High
0%0,5%1,5%4%10%≥25%
Young company
+Recent warning signals
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
3 / 100
Low riskComponents
· 1 administrative flag (+3)
Trust signals
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
Address struckAddress strikeout annulled
Health barometer
56
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 02-03-2026 with the NBB · fiscal year 2025 · volledig
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 16.4% | 40.2% | |
| Net result | €118k | €25k | |
| Equity | €126k | €123k | |
| Gross operating margin | €210k | €147k | |
| Total assets | €771k | €432k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€208k
+1330.8%
24-25
€118k
+2503.3%
24-25
€130k
+2173.8%
24-25
€771k
+98.9%
24-25
€126k
+1382.7%
24-25
€-2k
-1795.9%
24-25
€57k
+1784.0%
24-25
€644k
+70.0%
24-25
€620k
+63.7%
24-25
€23k
-
24-25
1.00
-0.3%
24-25
1.00
-0.3%
24-25
16.4%
+645.5%
24-25
5.09
-88.5%
24-25
93.3%
+75.6%
24-25
15.3%
+1208.9%
24-25
9.77
+289.9%
24-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €208k |
| Net profit | €118k |
| Cash flow | €130k |
| Staff costs | - |
| Income taxes | €57k |
| Dividends | - |
| Total assets | €771k |
| Equity | €126k |
| Debt | €644k |
| of which ≤ 1y | €620k |
| of which > 1y | €23k |
| Working capital | €-2k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.00 |
| Quick ratio | 1.00 |
| Working capital ratio | -0.3% |
| Solvency | 16.4% |
| Debt / equity | 5.09 |
| Long-term debt ratio | 0.19 |
| Interest coverage | 9.77 |
| Gross margin | - |
| Net margin | - |
| ROA | 15.3% |
| ROE | 93.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €771k |
| Fixed assets | 21/28 | €153k |
| Tangible fixed assets | 22/27 | €148k |
| Financial fixed assets | 28 | €5k |
| Current assets | 29/58 | €618k |
| Amounts receivable within one year | 40/41 | €560k |
| Cash & bank | 54/58 | €52k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €771k |
| Equity | 10/15 | €126k |
| Contributions / capital | 10/11 | €4k |
| Reserves | 13 | €103k |
| Accumulated profits (losses) | 14 | €19k |
| Amounts payable | 17/49 | €644k |
| Amounts payable after one year | 17 | €23k |
| Amounts payable within one year | 42/48 | €620k |
| Trade debts payable within one year | 44 | €525k |
| Income statement | ||
| Gross operating margin | 9900 | €210k |
| Operating result | 9901 | €196k |
| Financial income | 75 | €154 |
| Financial charges | 65 | €21k |
| Result before taxes | 9903 | €175k |
| Income taxes | 67/77 | €57k |
| Net result for the period | 9904 | €118k |
| Result to be appropriated | 9905 | €118k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Legal Structure
| NACE primary | Sanitaire werkzaamheden(43221) |
| Legal form | Private limited company(610) |
| Incorporation | 08-06-2023 |
| Status | Active |
| Postal code | 1180 |
Establishment units
PIPE INSTAL
since 20232.347.691.988
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
02-03-2026
NBB filing
Annual accounts filed
2025
25-07-2025
KBO administration
Address strikeout annulled
07-03-2025
KBO administration
Address struck
24-02-2025
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
25-07-2025
KBO administration
Address strikeout annulled
07-03-2025
KBO administration
Address struck
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE)
Activities
Loodgieterswerk43221Sanitaire werkzaamheden43221
Primary activity highlighted.
Names & trade names
| Legal nameFR | PIPE INSTAL |
Registered office
Alsembergsesteenweg 842
1180 Ukkel, Belgium
Registration history
- 25-07-2025 Address strikeout annulled
- 07-03-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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