Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 21 to 15.7.
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Annual account missing NBB
Fiscal year 2025 was expected before 30 April 2026 and has not been filed.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
LIPCAS from Wingene, company number BE0451692178, closed financial year 2024 with a result of € -1.9 million after tax. For that financial year LIPCAS recorded a gross margin of € -372,214 and equity of € 4 million. Compared with financial year 2023, the result moved from € 104,083 to € -1.9 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 1, 2025.
€ 4 million
▼ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.9 million
▼ still € 104,083 profit in 2023
Profit after tax over the fiscal year.
€ 335,354
▼ 85% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 634,088.
People and assets in 2024
15.7
▼ 1.9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 648,764
▲ 158% vs 2023
€ 41,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6.7 million
▲ € 6.7 million vs 2023
Of which on lease € 6.7 million.
Debts at end 2024
€ 6.3 million
▲ 36% vs 2023
€ 379,309 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 1.4 million
▲ 62% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 89,363
▼ 61% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,564,612 | € 2,844,380 | € 645,324 | € -372,214 | ▼ € 1 million |
| Profit after taxes | € 9,513 | € 1,155,165 | € 104,083 | € -1,882,569 | ▼ € 2 million |
| Equity | € 1,341,693 | € 2,496,858 | € 4,600,941 | € 3,968,372 | ▼ 14% |
| Total debts | € 4,929,947 | € 3,800,767 | € 6,153,534 | € 8,733,457 | ▲ 42% |
| Cash | € 1,766 | € 814,751 | € 2,203,924 | € 335,354 | ▼ 85% |
| Land & buildings | € 712,735 | € 704,599 | € 661,760 | € 353,275 | ▼ 47% |
| Retained profit | € 1,257,409 | € 2,412,574 | € 2,516,658 | € 634,088 | ▼ 75% |
| Bank debt | € 2,639,111 | € 1,842,894 | € 4,600,000 | € 6,275,333 | ▲ 36% |
| Balance sheet total | € 6,271,640 | € 7,079,669 | € 11,535,692 | € 13,466,009 | ▲ 17% |
| Employees (FTE) | 21 | 21 | 17.6 | 15.7 | ▼ 1.9 |
Key figures of LIPCAS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.
What happened to LIPCAS?
What happened at LIPCAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 1.9 million (▼ € 2 million vs 2023). Source: NBB ↗
- New establishment in Wingene. KBO
- Ingried Lips became a director. NBB
- Strong Invest BV became a director. NBB
- Ruben Casteleyn became a director. NBB
- Peter Casteleyn became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,513 profit in 2021 to € 1.9 million loss in 2024.
Paid € 1,755 in corporate taxes since 2021.
Best year ever: 2022, with € 1.2 million profit.
On average € 36,700 of value added per employee in 2023.
Management
The stake of CERELIA BELGIUM, STRONG INVEST, DE WEST-HOEK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LIPCASBehind LIPCAS are Ingried Lips, Strong Invest BV, Ruben Casteleyn and Peter Casteleyn. The shares are held by CERELIA BELGIUM (100%), STRONG INVEST (49.9%) and DE WEST-HOEK (16.7%).
Directors
According to the 2024 annual accounts
since 2023
since 2023
since 2023
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ambachtstraat 2
8750 Wingene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.692.178
- VAT number
- BE 0451.692.178
- Registered office
- Ambachtstraat 2, 8750 Wingene
- Names & denominations
- LIPCAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1993
- Peppol
- Not registered
- Activities · NACE
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