Equity
€21,661 from €51,379 in 2024
Equity fell by 58% in 1 year.
BLANK PIXEL
Lifetime
7 annual accounts with figures on one time axispeak €41,408 (2020)
-€31,847▼ €66,645
lowest -€30,691 (2021)
-€29,718▼ €56,480
peak €51,379 (2024)
€21,661▼ 57.8%
€16,176▼ 2.6%
Board1 name since 2019
1 directorMALU Sergio
Documentsfilings and deeds
25-07-20266 days before the deadline
2025micro format
Gross margin from €34,798 to -€31,847Loss of €29,718Equity from €51,379 to €21,661Cash from €60,804 to €20,536
Key points
from the 2025 annual accountsResult
-€29,718 -€29,718
From profit to loss in 2025, after a profit of €26,762 in 2024.
Liquidity
2.29 was 4.03 in 2024
Short-term debts fell from €16,610 to €16,176.
Filings
7 annual accounts 4 late
The 2020 accounts came latest: 60 days after the end of the period.
At the same address
5 companies
Position in the sector
-€29,718
Lower net result than 94% of companies in computing infrastructure and information services. Sector median €20,005 · 2,300 companies.
Turnover not published (micro format)
Checked score
54
Fair
Financially stronger than 35% of micro companies in computing infrastructure and information services (NACE 63)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 2,947 companies (NACE 63, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €29,718 (financial year 2025)
lowers risk
Liquidity: current ratio 2.29, cash €20,536, halved
Sector: Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
Size: total assets €37,837
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 63, micro). It does better than 53% of them on solvency, 68% on liquidity, 7% on profitability and 12% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as BLANK PIXEL has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BLANK PIXEL itself is lower: 0.2% within 12 months. It rests on far more data about BLANK PIXEL than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for BLANK PIXEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.29 (4.03 in 2024), above the usual 1.5. Short-term debt is 42.8% and cash 54.3% of total assets. 42.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 25-07-2026, 6 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
6 days early
2024
44 days early
2023
7 days early
2022
32 days late
2021
5 days late
2020
60 days late
2019
56 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0720551731
Change of role: MALU Sergio, from manager to director
Director discharge: MALU Sergio · General meeting of 06-05-2024 · Gazette deed
Incorporation
Founder: Sergio MALU · Founding capital of €18,600, 100 shares · Appointment: Sergio MALU (manager) · published on 13-02-2019 · Gazette deed
First establishment
Belliardstraat 151, Etterbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BLANK PIXEL Brussels | €37,837 | -€31,847 | 57.2% | - |
| Anthialys Schaerbeek | €49,059 | €129 | 17.8% | - |
| 12GO Maasmechelen | €36,307 | -€11,612 | -337.5% | - |
| BLINK COMMUNICATION Fernelmont | €42,296 | €80 | 54.7% | - |
| Maranello023 Aalst | €31,868 | -€26,115 | -276.9% | - |
| QG ENTREPRISE Huy | €37,718 | -€141 | 42.5% | - |
| Pluss Vilvoorde | €42,645 | -€14,557 | -295.4% | - |
These companies have the same main activity as BLANK PIXEL: web portal activities (NACE 63910). They are comparable in size and age: total assets between €31,900 and €49,100, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 11-02-2019Normal situation
- Activity
- Web portal activitiesNACE 63910and 4 others
- Establishment unit
- 2.285.683.7491040 Etterbeek, since 11-02-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Annual accounts 2025
- €37,837▼ 44.3%
- Filing
- Filed on 25-07-2026, 6 days before the end of the filing period
Insights on BLANK PIXEL
BLANK PIXEL files the micro format. That format states no turnover. The gross margin fell from €5,469 in 2019 to -€31,847 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BLANK PIXEL
- What is the company number of BLANK PIXEL?
- The company number of BLANK PIXEL is 0720.551.731. The VAT number is the same number with BE in front: BE 0720.551.731.
- Where is BLANK PIXEL based?
- The registered office is at Belliardstraat 151, 1040 Brussels.Company details
- What does BLANK PIXEL do?
- According to the KBO register, the main activity is web portal activities (NACE 63910).
- What is the legal form of BLANK PIXEL?
- BLANK PIXEL is a private limited company (BV).
- When was BLANK PIXEL founded?
- BLANK PIXEL was founded on 11-02-2019.
- Is BLANK PIXEL still active?
- Yes, BLANK PIXEL is an active enterprise in the KBO register.
- What is the turnover of BLANK PIXEL?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is BLANK PIXEL profitable?
- In financial year 2025, BLANK PIXEL made a loss of €29,718.
- Where can I find the annual accounts of BLANK PIXEL?
- BLANK PIXEL filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BLANK PIXEL due?
- BLANK PIXEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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