ACTIVE

FIPA

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Financial year 2025 · closed on 31/12/2025

Net result

701,2 €

-98.3% YoY

Gross margin

22,2 k €

-0.0% YoY

Equity

548,6 k €

+0.1% YoY

What does FIPA do?

FIPA is a Private limited company incorporated in 1993. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in La Hulpe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.175.416

Incorporation

13/05/1993

Legal form

Private limited company

Registered office

Drève des Lilas 27
1310 La Hulpe · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	22,2 k €	-0.0%	22,2 k €	+533%	-5,1 k €	-107%	68,6 k €	-20.5%	86,3 k €	+122%	38,9 k €	+15.6%	33,7 k €	+33.7%	25,2 k €	-45.7%	46,4 k €	+41.5%	32,8 k €	+0.8%	32,5 k €	-8.7%	35,6 k €	-34.8%	54,6 k €	+14.4%	47,8 k €	+35.8%	35,2 k €	+21.1%	29 k €	-41.2%	49,4 k €	+16.5%	42,4 k €	+16.1%	36,5 k €	-10.5%	40,8 k €
EBITDA	17,1 k €	+26.0%	13,6 k €	+244%	-9,4 k €	-118%	51,1 k €	-38.5%	83 k €	+133%	35,6 k €	+7.5%	33,2 k €	+29.6%	25,6 k €	-40.6%	43,1 k €	+45.8%	29,5 k €	+3.7%	28,5 k €	-9.9%	31,6 k €	+14.3%	27,6 k €	-38.9%	45,2 k €	+38.4%	32,7 k €	+22.7%	26,6 k €	-28.2%	37,1 k €	-1.2%	37,5 k €	+8.8%	34,5 k €	-11.0%	38,7 k €
Operating result	-154,4 €	-100%	49 k €	+280%	-27,2 k €	-162%	44,2 k €	-15.6%	52,4 k €	+203%	17,3 k €	+6.5%	16,2 k €	+107%	7,8 k €	-69.5%	25,8 k €	+120%	11,7 k €	+10.0%	10,6 k €	-22.8%	13,8 k €	+40.4%	9,8 k €	-64.7%	27,7 k €	+82.6%	15,2 k €	+66.0%	9,2 k €	-53.3%	19,6 k €	+1.4%	19,3 k €	-3.5%	20 k €	-21.0%	25,3 k €
Net result	701,2 €	-98.3%	41,3 k €	+251%	-27,4 k €	-185%	32,1 k €	-14.4%	37,5 k €	+201%	12,4 k €	+49.5%	8,3 k €	+32.7%	6,3 k €	-65.7%	18,3 k €	+126%	8,1 k €	+47.3%	5,5 k €	-25.7%	7,4 k €	+55.5%	4,8 k €	-26.9%	6,5 k €	+215%	2,1 k €	+48.5%	1,4 k €	-83.5%	8,4 k €	+203%	2,8 k €	-58.5%	6,7 k €	-43.2%	11,8 k €
Balance sheet
Equity	548,6 k €	+0.1%	547,9 k €	+8.1%	506,7 k €	-5.1%	534 k €	+6.4%	502 k €	+8.1%	464,5 k €	+2.8%	452 k €	+490%	76,7 k €	+7.7%	71,2 k €	+34.6%	52,9 k €	+18.1%	44,8 k €	+14.0%	39,3 k €	+23.2%	31,9 k €	+17.5%	27,2 k €	+31.5%	20,7 k €	+11.1%	18,6 k €	+287%	4,8 k €	+233%	-3,6 k €	+43.5%	-6,4 k €	+51.2%	-13,1 k €
Total assets	574,2 k €	-2.8%	590,8 k €	-2.4%	605,4 k €	-9.0%	665,6 k €	+5.0%	633,7 k €	+9.3%	579,6 k €	+4.2%	556,3 k €	+191%	190,9 k €	-9.3%	210,6 k €	+4.8%	201 k €	-8.2%	218,8 k €	-10.3%	244 k €	-4.1%	254,6 k €	-6.3%	271,7 k €	-6.2%	289,5 k €	-4.8%	304 k €	-5.4%	321,5 k €	-15.9%	382,1 k €	+17.3%	325,6 k €	-0.0%	325,7 k €
Cash	17,4 k €	-19.4%	21,7 k €	+4.7%	20,7 k €	-72.2%	74,4 k €	+79.2%	41,5 k €	+79.5%	23,1 k €	+72.1%	13,4 k €	-11.2%	15,1 k €	+175%	5,5 k €		–		–		7,3 k €		–		–		–		29,9 €		–		357,2 €	-93.8%	5,8 k €	+5687%	100 €
Debts	25,3 k €	-41.0%	42,8 k €	-5.4%	45,3 k €	-42.0%	78,1 k €	-0.2%	78,3 k €	+26.9%	61,7 k €	+21.3%	50,9 k €	-12.9%	58,4 k €	-19.1%	72,2 k €	-10.8%	80,9 k €	-24.3%	106,9 k €	-22.3%	137,5 k €	-15.5%	162,8 k €	-22.1%	208,9 k €	-15.0%	245,8 k €	-7.2%	264,9 k €	-13.0%	304,4 k €	-20.6%	383,3 k €	+15.4%	332 k €	-2.0%	338,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Patrice Horn

Director

Active

Ended mandates

La Brière

Director · 0832.577.328

Ended

La Brière

Manager · 0832.577.328

Represented by Patrice HORN

Ended

La Brière

Director · 0832.577.328

Ended

La Brière

Manager · 0832.577.328

Ended

At this address

Other companies at this address

Company	CBE no.
La Brière● Active	0832.577.328

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	28/08/2025	10/10/2024	31/08/2023	14/07/2022	14/07/2021
General meeting	30/06/2026	30/05/2025	24/05/2024	26/05/2023	27/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	31/08/2026	French	PDF
Micro model	31/12/2024	30/05/2025	28/08/2025	French	PDF
Micro model	31/12/2023	24/05/2024	10/10/2024	French	PDF
Micro model	31/12/2022	26/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	27/05/2022	14/07/2022	French	PDF
Micro model	31/12/2020	28/05/2021	14/07/2021	French	PDF
Micro model	31/12/2019	29/05/2020	29/06/2020	French	PDF
Micro model	31/12/2018	31/05/2019	11/09/2019	French	PDF
Micro model	31/12/2017	25/05/2018	09/08/2018	French	PDF
Micro model	31/12/2016	26/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	19/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	24/09/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	16/09/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	29/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	28/07/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	17/06/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	03/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Patrice Horn

Director

Active

Ended mandates

La Brière

Director · 0832.577.328

Ended

La Brière

Manager · 0832.577.328

Represented by Patrice HORN

Ended

La Brière

Director · 0832.577.328

Ended

La Brière

Manager · 0832.577.328

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/02/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates09/03/2018
OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates23/10/2012
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/01/2006
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025701,2 €↓
2024
Annual accounts 202441,3 k €↑
2023
Annual accounts 2023-27,4 k €↓
2022
Annual accounts 202232,1 k €↓
2021
Annual accounts 202137,5 k €↑
2020
Annual accounts 202012,4 k €↑
2019
Annual accounts 20198,3 k €↑
2018
Annual accounts 20186,3 k €↓
2017
Annual accounts 201718,3 k €↑
2016
Annual accounts 20168,1 k €↑
2015
Annual accounts 20155,5 k €↓
2014
Annual accounts 20147,4 k €↑
2013
Annual accounts 20134,8 k €↓
2012
Annual accounts 20126,5 k €↑
2011
Annual accounts 20112,1 k €↑
2010
Annual accounts 20101,4 k €↓
2009
Annual accounts 20098,4 k €↑
2008
Annual accounts 20082,8 k €↓
2007
Annual accounts 20076,7 k €↓
2006
Annual accounts 200611,8 k €
13/05/1993
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FIPA

Overview

What does FIPA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline