Pippa
ActiveSummary
Pippa has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €199. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 30% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38▼-1
Solvency58▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.76 in 2023; short-term debt: 54.9% and cash: 4.4% of total assets), and 66.6% 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+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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
33.4%
Return on assets
0.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
37 d early
2022
18 d early
2021
16 d early
2020
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€26k▲ 0.8%
2023 · €26k
2020: €16k
2021: €25k
2022: €25k
2023: €26k
2020 → 2024
Total assets
€78k▼ 15.2%
2023 · €92k
2020: €31k
2021: €68k
2022: €67k
2023: €92k
2020 → 2024
Net result
€199▼ 70.4%
2023 · €672
2020: €15k
2021: €9k
2022: €214
2023: €672
2020 → 2024
Working capital
€-23k▼ 80.7%
2023 · €-13k
2020: €16k
2021: €13k
2022: €3k
2023: €-13k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€25k▲ 53.8%€25k▲ 0.9%€26k▲ 2.7%€26k▲ 0.8%
Operating result€21k-€11k▼ 47.4%€3k▼ 71.7%€3k▼ 5.4%€2k▼ 36.6%
Net result€15k-€9k▼ 40.7%€214▼ 97.5%€672▲ 213%€199▼ 70.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 37% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78k
Fixed assets
€58k ▲ 9.4%
Current assets
€20k ▼ 48.6%
Equity and liabilities €78k
Equity
€26k ▲ 0.8%
Debt
€52k ▼ 21.4%
Debt's share of the balance-sheet total falls from 71.9% to 66.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.47▼
2023 · 0.76
Quick ratio
0.22▼
2023 · 0.39
Debt to equity
2.00▼
2023 · 2.56
ROE
0.8%▼
2023 · 2.6%
ROA
0.3%▼
2023 · 0.7%
Debt ≤ 1 year
€43k▼
2023 · €51k
Debt > 1 year
€9k▼
2023 · €14k
Income taxes
€641▼
2023 · €1k
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 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€92k€78k▼
Fixed assets21/28€53k€58k▲
Tangible fixed assets22/27€53k€58k▲
Furniture and vehicles24€19k€24k▲
Leasing and similar rights25€34k€34k=
Current assets29/58€39k€20k▼
Stocks and contracts in progress3€19k€11k▼
Stocks30/36€19k€11k▼
Amounts receivable within one year40/41€18k€6k▼
Trade receivables40€17k€3k▼
Other amounts receivable41€954€2k▲
Cash at bank and in hand54/58€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€92k€78k▼
Equity10/15€26k€26k▲
Contributions10/11€2k€2k=
Reserves13€24k€24k▲
Distributable reserves133€24k€24k▲
Amounts payable17/49€66k€52k▼
Amounts payable after more than one year17€14k€9k▼
Financial debts170/4€14k€9k▼
Amounts payable within one year42/48€51k€43k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€12k€5k▼
Suppliers440/4€12k€5k▼
Advances received on contracts in progress46€250€0▼
Taxes, remuneration and social security45€3k€0▼
Taxes450/3€3k€0▼
Other amounts payable47/48€31k€33k▲
Income statement
Code20232024
Other operating charges640/8€692€817▲
Gross operating margin9900€4k€3k▼
Operating profit (loss)9901€3k€2k▼
Financial income75/76B€23€8▼
Recurring financial income75€23€8▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€2k€840▼
Income taxes67/77€1k€641▼
Profit (loss) for the period9904€672€199▼
Profit (loss) for the period to be appropriated9905€672€199▼
Appropriation of the result
Profit (loss) to be appropriated9906€672€199▼
Transfer to equity691/2€672€199▼
To other reserves6921€672€199▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €199 ▼70.4%
Net result drops to €199, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Mechelen · 1 establishment unit since 2019
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.
Duivenstraat 502800 MechelenGround area
6,157 m²
Building footprint
384 m²
Volume, LiDAR
6,311 m³
Parcel 12402B0007/00E000, Flanders · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
INTERIEURSTYLING
since 20192.291.172.068
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0007/00E000 | Flanders | 6,157 m² | 1 · 384 m² | 19.6 m · 6 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
PHILIPPE PILLEN INTERIEURARCHITEKT
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BE 0844.197.037
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ARTITEK
BE 1017.549.301
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DAR+
BE 0752.773.943
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ZEGO
BE 0811.490.617
Sint-Jans-Molenbeek · Eq €26,106
Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 1,008 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
Founded05-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.