PIPELINE
ActivePIPELINE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45k and a net result of €8k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 26056 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
93
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▼-17
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 4.01 against 3.19 in 2023), and 26.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
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 2024Solvency, return and age of the figures
Solvency
73.2%
Return on assets
12.2%
Age of the figures
20 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 27-09-2025, 58 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
58 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€45k▲ 20.0%
2023 · €38k
2018: €15k
2019: €13k
2020: €19k
2021: €19k
2022: €30k
2023: €38k
2018 → 2024
Total assets
€62k▲ 23.0%
2023 · €50k
2018: €20k
2019: €29k
2020: €32k
2021: €29k
2022: €45k
2023: €50k
2018 → 2024
Net result
€8k▼ 3.6%
2023 · €8k
2018: €2k
2019: €-1k
2020: €5k
2021: €104
2022: €11k
2023: €8k
2018 → 2024
Working capital
€37k▲ 34.8%
2023 · €27k
2018: €9k
2019: €8k
2020: €12k
2021: €13k
2022: €18k
2023: €27k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€19k▲ 0.6%€30k▲ 59.2%€38k▲ 26.2%€45k▲ 20.0%
Operating result€6k-€1k▼ 81.8%€15k▲ 1,321%€11k▼ 29.8%€11k▲ 0.5%
Net result€5k-€104▼ 98.0%€11k▲ 10,574%€8k▼ 29.5%€8k▼ 3.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 0% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€13k▲ 22.5%
Current assets
€49k▲ 23.2%
Equity and liabilities €62k
Equity
€45k▲ 20.0%
Debt
€17k▲ 32.1%
The debt ratio rises from 24.9% to 26.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€18k▼
2023 · €18k
Cash flow
€14k▼
2023 · €15k
Solvency
73.2%▼
2023 · 75.1%
Current ratio
4.01▲
2023 · 3.19
Quick ratio
4.01▲
2023 · 3.19
Debt / equity
0.37▲
2023 · 0.33
ROE
16.7%▼
2023 · 20.8%
ROA
12.2%▼
2023 · 15.6%
Interest coverage
20.71▼
2023 · 85.09
Debt
€17k▲
2023 · €13k
Debt ≤ 1 year
€12k▼
2023 · €13k
Debt > 1 year
€4k
Income taxes
€2k▼
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€50k€62k▲
Fixed assets21/28€10k€13k▲
Tangible fixed assets22/27€10k€13k▲
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24-€6k
Current assets29/58€40k€49k▲
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€4k€6k▲
Cash at bank and in hand54/58€36k€43k▲
Equity and liabilities
Total equity and liabilities10/49€50k€62k▲
Equity10/15€38k€45k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€18k€25k▲
Amounts payable17/49€13k€17k▲
Amounts payable after more than one year17-€4k
Financial debts170/4-€4k
Amounts payable within one year42/48€13k€12k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€608€316▼
Suppliers440/4€608€316▼
Taxes, remuneration and social security45€8k€8k▼
Taxes450/3€8k€8k▼
Other amounts payable47/48€410€310▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€168€307▲
Gross operating margin9900€18k€18k▼
Operating profit (loss)9901€11k€11k▲
Financial charges65/66B€209€853▲
Recurring financial charges65€209€853▲
Profit (loss) for the period before taxes9903€11k€10k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€8k€8k▼
Profit (loss) for the period to be appropriated9905€8k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€25k▲
Profit (loss) brought forward from the previous period14P€10k€18k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €11k ▲10574%
Operating result €15k, net result €11k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €-1k ▼162%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Braine-l'Alleud · 1 establishment unit since 2008
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 Michel Botte 931421 Braine-l'AlleudGround area
283 m²
Building footprint
93 m²
Volume, LiDAR
646 m³
Parcel 25078A0308/00V004, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PIPELINE
since 20082.173.944.303
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25078A0308/00V004 | Wallonia | 283 m² | 1 · 93 m² | 9.6 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.
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Allía Fashion
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ZÉRO NEUF
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Of 2,200 companies in sector 47711 we hold annual accounts for 889. 685 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-10-2008
Fiscal year end31-12
Activities, NACEBEL
47711Retail sale of women's outerwear
47712Retail trade
47713Retail trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.