TIPS
ActiveSummary
TIPS has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.23M and a net result of €-147k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 259 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability10▼-1
Solvency85▼-14
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 4.12 in 2023; short-term debt: 39% and cash: 4.9% of total assets), and 40% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
60%
Return on assets
-7.2%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 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
27 d late
2023
4 d early
2022
23 d late
2021
32 d late
2020
3 d early
2019
18 d late
2018
19 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€1.23M▼ 10.7%
2023 · €1.38M
2018: €1.57M
2019: €1.44M▼ -8.5% vs 2018
2020: €1.50M▲ +4.0% vs 2019
2021: €1.59M▲ +6.4% vs 2020highest value
2022: €1.50M▼ -6.0% vs 2021
2023: €1.38M▼ -8.1% vs 2022
2025: €1.23Mlowest value
2018 → 2025
Total assets
€2.05M▲ 9.5%
2023 · €1.87M
2018: €2.05Mhighest value
2019: €1.80M▼ -12.1% vs 2018
2020: €1.77M▼ -2.1% vs 2019lowest value
2021: €1.89M▲ +7.1% vs 2020
2022: €1.94M▲ +2.6% vs 2021
2023: €1.87M▼ -3.7% vs 2022
2025: €2.05M
2018 → 2025
Net result
€-147k▼ 21.9%
2023 · €-121k
2018: €48k
2019: €-134k▼ -380% vs 2018
2020: €58k▲ +143% vs 2019
2021: €96k▲ +67.2% vs 2020highest value
2022: €-96k▼ -200% vs 2021
2023: €-121k▼ -25.5% vs 2022
2025: €-147klowest value
2018 → 2025
Working capital
€1.19M▼ 11.4%
2023 · €1.35M
2018: €1.39M
2019: €1.31M▼ -6.0% vs 2018
2020: €1.36M▲ +4.4% vs 2019
2021: €1.54M▲ +12.9% vs 2020highest value
2022: €1.51M▼ -1.8% vs 2021
2023: €1.35M▼ -11.1% vs 2022
2025: €1.19Mlowest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€1.50M-€1.59M▲ 6.4%€1.50M▼ 6.0%€1.38M▼ 8.1%€1.23M▼ 10.7%
2020: €1.50M
2021: €1.59M▲ +6.4% vs 2020highest value
2022: €1.50M▼ -6.0% vs 2021
2023: €1.38M▼ -8.1% vs 2022
2025: €1.23Mlowest value
Operating result€65k-€76k▲ 16.0%€-59k€-110k▼ 87.3%€-231k▼ 109%
2020: €65k
2021: €76k▲ +16.0% vs 2020highest value
2022: €-59k▼ -178% vs 2021
2023: €-110k▼ -87.3% vs 2022
2025: €-231klowest value
Net result€58k-€96k▲ 67.2%€-96k€-121k▼ 25.5%€-147k▼ 21.9%
2020: €58k
2021: €96k▲ +67.2% vs 2020highest value
2022: €-96k▼ -200% vs 2021
2023: €-121k▼ -25.5% vs 2022
2025: €-147klowest value
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-231k in 2025, compared with €-110k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €2.05M
Fixed assets
€56k ▼ 39.6%
Current assets
€1.99M ▲ 12.0%
Equity and liabilities €2.05M
Equity
€1.23M ▼ 10.7%
Debt
€818k ▲ 65.8%
Debt's share of the balance-sheet total rises from 26.4% to 40.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-195k▼
2023 · €-91k
Cash flow
€-111k▼
2023 · €-102k
Current ratio
2.49▼
2023 · 4.12
Debt to equity
0.67▲
2023 · 0.36
ROE
-12.0%▼
2023 · -8.8%
ROA
-7.2%▼
2023 · -6.5%
Interest coverage
-19.82▼
2023 · -9.47
Debt ≤ 1 year
€800k▲
2023 · €432k
Income taxes
€5k▲
2023 · €2k
Staff costs
€991k▲
2023 · €801k
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 · 2025 against 2023 · 50 lines
Balance sheet
Code20232025
Assets
Total assets20/58€1.87M€2.05M▲
Fixed assets21/28€92k€56k▼
Tangible fixed assets22/27€92k€56k▼
Land and buildings22€6k€765▼
Furniture and vehicles24€86k€55k▼
Current assets29/58€1.78M€1.99M▲
Amounts receivable after more than one year29€1.00M€1.00M=
Other amounts receivable291€1.00M€1.00M=
Amounts receivable within one year40/41€529k€788k▲
Trade receivables40€311k€239k▼
Other amounts receivable41€218k€549k▲
Cash at bank and in hand54/58€190k€101k▼
Deferred charges and accrued income490/1€60k€104k▲
Equity and liabilities
Total equity and liabilities10/49€1.87M€2.05M▲
Equity10/15€1.38M€1.23M▼
Contributions10/11€650k€650k=
Capital10€650k€650k=
Issued capital100€650k€650k=
Reserves13€115k€115k=
Non-distributable reserves130/1€98k€98k=
Legal reserve130€65k€65k=
Reserves not available under the articles1311€33k€0▼
Other1319-€33k
Distributable reserves133€16k€16k=
Profit (loss) carried forward14€613k€465k▼
Amounts payable17/49€494k€818k▲
Amounts payable within one year42/48€432k€800k▲
Trade debts44€112k€157k▲
Suppliers440/4€112k€157k▲
Taxes, remuneration and social security45€130k€132k▲
Taxes450/3€33k€11k▼
Remuneration and social security454/9€97k€121k▲
Other amounts payable47/48€190k€510k▲
Accrued charges and deferred income492/3€61k€19k▼
Income statement
Code20232025
Remuneration, social security and pensions62€801k€991k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€36k▲
Other operating charges640/8€71k€62k▼
Gross operating margin9900€782k€858k▲
Operating profit (loss)9901€-110k€-231k▼
Financial income75/76B€806€98k▲
Recurring financial income75€806€98k▲
Financial charges65/66B€10k€10k▲
Recurring financial charges65€10k€10k▲
Profit (loss) for the period before taxes9903€-119k€-143k▼
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€-121k€-147k▼
Profit (loss) for the period to be appropriated9905€-121k€-147k▼
Appropriation of the result
Profit (loss) to be appropriated9906€613k€465k▼
Profit (loss) brought forward from the previous period14P€734k€613k▼
Social balance
Average headcount (FTE)908711.611.0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €663k | €690k | €801k | €991k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76k | €60k | €32k | €19k | €36k | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1k | - | - | - |
| Other operating charges640/8 | - | €43k | €67k | €71k | €62k | - |
| Gross operating margin9900 | €784k | €842k | €732k | €782k | €858k | - |
| Operating profit (loss)9901 | €65k | €76k | €-59k | €-110k | €-231k | - |
| Financial income75/76B | - | €6k | €537 | €806 | €98k | - |
| Recurring financial income75 | €6k | €6k | €537 | €806 | €98k | - |
| Financial charges65/66B | - | €9k | €2k | €10k | €10k | - |
| Recurring financial charges65 | €8k | €9k | €2k | €10k | €10k | - |
| Profit (loss) for the period before taxes9903 | €63k | €73k | €-61k | €-119k | €-143k | - |
| Income taxes67/77 | €5k | €-23k | €36k | €2k | €5k | - |
| Profit (loss) for the period9904 | €58k | €96k | €-96k | €-121k | €-147k | - |
| Profit (loss) for the period to be appropriated9905 | €58k | €96k | €-96k | €-121k | €-147k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.77M | €1.89M | €1.94M | €1.87M | €2.05M | - |
| Fixed assets21/28 | €154k | €77k | €65k | €92k | €56k | - |
| Tangible fixed assets22/27 | €154k | €77k | €65k | €92k | €56k | - |
| Land and buildings22 | - | €16k | €11k | €6k | €765 | - |
| Furniture and vehicles24 | - | €61k | €54k | €86k | €55k | - |
| Current assets29/58 | €1.61M | €1.82M | €1.88M | €1.78M | €1.99M | - |
| Amounts receivable after more than one year29 | - | €1.00M | €1.00M | €1.00M | €1.00M | - |
| Other amounts receivable291 | - | €1.00M | €1.00M | €1.00M | €1.00M | - |
| Amounts receivable within one year40/41 | €611k | €365k | €238k | €529k | €788k | - |
| Trade receivables40 | - | €365k | €238k | €311k | €239k | - |
| Other amounts receivable41 | - | - | - | €218k | €549k | - |
| Cash at bank and in hand54/58 | €975k | €442k | €528k | €190k | €101k | - |
| Deferred charges and accrued income490/1 | - | €9k | €111k | €60k | €104k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.77M | €1.89M | €1.94M | €1.87M | €2.05M | - |
| Equity10/15 | €1.50M | €1.59M | €1.50M | €1.38M | €1.23M | - |
| Contributions10/11 | €650k | €650k | €650k | €650k | €650k | - |
| Capital10 | - | €650k | €650k | €650k | €650k | - |
| Issued capital100 | - | €650k | €650k | €650k | €650k | - |
| Reserves13 | €115k | €115k | €115k | €115k | €115k | - |
| Non-distributable reserves130/1 | - | €65k | €65k | €98k | €98k | - |
| Legal reserve130 | - | €65k | €65k | €65k | €65k | - |
| Reserves not available under the articles1311 | - | - | - | €33k | €0 | - |
| Other1319 | - | - | - | - | €33k | - |
| Tax-exempt reserves132 | - | €33k | €33k | - | - | - |
| Distributable reserves133 | - | €16k | €16k | €16k | €16k | - |
| Profit (loss) carried forward14 | €734k | €830k | €734k | €613k | €465k | - |
| Amounts payable17/49 | €270k | €298k | €444k | €494k | €818k | - |
| Amounts payable within one year42/48 | €249k | €275k | €363k | €432k | €800k | - |
| Trade debts44 | €119k | €179k | €167k | €112k | €157k | - |
| Suppliers440/4 | - | €179k | €167k | €112k | €157k | - |
| Taxes, remuneration and social security45 | - | €97k | €106k | €130k | €132k | - |
| Taxes450/3 | - | €21k | €30k | €33k | €11k | - |
| Remuneration and social security454/9 | - | €75k | €76k | €97k | €121k | - |
| Other amounts payable47/48 | - | - | €90k | €190k | €510k | - |
| Accrued charges and deferred income492/3 | - | €23k | €81k | €61k | €19k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €96k | €-96k | €-121k | €-147k | - |
| + Depreciation and write-downs630 | €76k | €60k | €32k | €19k | €36k | - |
| Operating cash flow (approximation) | €133k | €156k | €-65k | €-102k | €-111k | - |
| Investment in fixed assets (approximation) | - | €17k | €-20k | €-46k | - | - |
| Change in cash | - | €-533k | €86k | €-338k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
31-03
Financial
Weakest financial yearnet €-147k
Net result drops to €-147k, the lowest in the series.
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 32 days late
2021
30-12
Financial
Highest result since 2018net €96k ▲67.2%
Operating result €76k, net result €96k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Oostende · 1 establishment unit since 1984
Ground area
3,275 m²
Building footprint
1,781 m²
Volume, LiDAR
8,083 m³
Parcel 35020B0099/00L000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
TIPS
since 19842.039.038.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0099/00L000 | Flanders | 3,275 m² | 1 · 1,781 m² | 7.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 151 companies in sector 58120 we hold annual accounts for 70. 32 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-10-1967
Fiscal year end31-03
Activities, NACEBEL 2025
58190Other publishing activities, excluding software publishing
58120Publishing activities
73110Advertising agencies
Contact
Phone
059/508877
Fax
059/702478
Scores and ratios are computed by Checked and are not a credit decision.