BEL PIET
ActiveBEL PIET has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €828k and a net result of €89k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 72% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▲+20
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 2.14 in 2024), and 32.5% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.5%
Return on assets
7.3%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
22 d early
2023
43 d early
2022
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€828k▲ 12.0%
2024 · €739k
2022: €611k
2023: €688k
2024: €739k
2022 → 2025
Total assets
€1.23M▲ 4.2%
2024 · €1.18M
2022: €941k
2023: €1.15M
2024: €1.18M
2022 → 2025
Net result
€89k▲ 74.5%
2024 · €51k
2022: €36k
2023: €77k
2024: €51k
2022 → 2025
Working capital
€166k▲ 83.1%
2024 · €91k
2022: €155k
2023: €135k
2024: €91k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€611k-€688k▲ 12.6%€739k▲ 7.4%€828k▲ 12.0%
Operating result€48k-€105k▲ 119%€77k▼ 27.0%€126k▲ 64.8%
Net result€36k-€77k▲ 112%€51k▼ 33.8%€89k▲ 74.5%
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 2025; 2025 is 65% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.23M
Fixed assets
€977k▼ 2.9%
Current assets
€249k▲ 46.2%
Equity and liabilities €1.23M
Equity
€828k▲ 12.0%
Debt
€398k▼ 8.9%
The debt ratio falls from 37.2% to 32.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€196k▲
2024 · €143k
Cash flow
€158k▲
2024 · €117k
Solvency
67.5%▲
2024 · 62.8%
Current ratio
3.00▲
2024 · 2.14
Quick ratio
2.20▲
2024 · 1.36
Debt / equity
0.48▼
2024 · 0.59
ROE
10.7%▲
2024 · 6.9%
ROA
7.3%▲
2024 · 4.3%
Interest coverage
14.70▲
2024 · 9.63
Debt
€398k▼
2024 · €437k
Debt ≤ 1 year
€83k▲
2024 · €80k
Debt > 1 year
€314k▼
2024 · €356k
Income taxes
€27k▲
2024 · €14k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.18M€1.23M▲
Fixed assets21/28€1.01M€977k▼
Tangible fixed assets22/27€1.01M€977k▼
Land and buildings22€961k€924k▼
Plant, machinery and equipment23€11k€28k▲
Furniture and vehicles24€34k€25k▼
Current assets29/58€170k€249k▲
Stocks and contracts in progress3€62k€66k▲
Stocks30/36€54k€59k▲
Contracts in progress37€9k€7k▼
Amounts receivable within one year40/41€51k€72k▲
Trade receivables40€35k€59k▲
Other amounts receivable41€15k€13k▼
Current investments50/53-€250
Cash at bank and in hand54/58€54k€108k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.23M▲
Equity10/15€739k€828k▲
Contributions10/11€5k€5k=
Reserves13€91k€116k▲
Distributable reserves133€91k€116k▲
Profit (loss) carried forward14€643k€706k▲
Amounts payable17/49€437k€398k▼
Amounts payable after more than one year17€356k€314k▼
Financial debts170/4€356k€314k▼
Amounts payable within one year42/48€80k€83k▲
Current portion of amounts payable after more than one year42€44k€45k▲
Trade debts44€28k€25k▼
Suppliers440/4€28k€25k▼
Advances received on contracts in progress46€1k€480▼
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€9k▲
Other amounts payable47/48€4k€4k▲
Accrued charges and deferred income492/3€811€738▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€69k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€147k€200k▲
Operating profit (loss)9901€77k€126k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€15k€13k▼
Recurring financial charges65€15k€13k▼
Profit (loss) for the period before taxes9903€65k€116k▲
Income taxes67/77€14k€27k▲
Profit (loss) for the period9904€51k€89k▲
Profit (loss) for the period to be appropriated9905€51k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€668k€731k▲
Profit (loss) brought forward from the previous period14P€617k€643k▲
Transfer to equity691/2€25k€25k=
To other reserves6921€25k€25k=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €89k ▲74.5%
Operating result €126k, net result €89k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2007
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.
Speistraat 379030 GentGround area
1,377 m²
Building footprint
223 m²
Volume, LiDAR
875 m³
Parcel 44038A0009/00P000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BEL PIET
since 20072.160.741.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0009/00P000 | Flanders | 1,377 m² | 1 · 223 m² | 7.7 m · 1 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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Of 6,993 companies in sector 43221 we hold annual accounts for 3,445. 1,831 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-2007
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.