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Group-Pi

Active Private limited companyfounded 2019active for 6 yearsBalendijk 250, 3920 LommelKBO/BCE: BE 0739.655.484
Group-Pi
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €75,660 (2024)
€37,660▼ 50.2%
lowest -€7,658 (2025)
-€7,658▼ €36,743
peak €58,352 (2024)
€50,694▼ 13.1%
€139,907▲ 32.8%
Board2 names since 2019
2 directorsMEUBIS Pascal Jozef Martin and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €75,660 to €37,660Loss of €7,658Equity from €58,352 to €50,694Debts from €105,344 to €139,907Cash from €13 to €12,912

Key points

from the 2025 annual accounts

Turnover

≈ €250,000 estimated

The micro format states no turnover.

Debts

€139,907 73% of the balance sheet
Financial debts 12%Suppliers 16%Taxes and wages 2%Other 70%

Of this, €138,668 falls due within a year.

Staff

1 employees on 31-12-2025
102023112025

In 2025, 1 person joined and 1 left.

Filings

6 annual accounts 3 late
AprilJune31 JulyOctober202020222024

The 2021 accounts came latest: 79 days after the end of the period.

Position in the sector

-€7,658

Lower net result than 80% of companies in wholesale trade. Sector median €5,616 · 13,806 companies.

Checked score

63
Healthy
Financially stronger than 25% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 4.5% 01-2025: 4.5%● unchanged vs 12-2024 02-2025: 4.5%● unchanged vs 01-2025 03-2025: 4.6%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 4.5%▼ -0.1 percentage points vs 03-2025 05-2025: 4.5%● unchanged vs 04-2025 06-2025: 4.5%● unchanged vs 05-2025 07-2025: 3.5%▼ -1.0 percentage point vs 06-2025 08-2025: 3.3%▼ -0.2 percentage points vs 07-2025 09-2025: 3.3%● unchanged vs 08-2025 10-2025: 3.3%● unchanged vs 09-2025 11-2025: 3.3%● unchanged vs 10-2025 12-2025: 3.3%● unchanged vs 11-2025 01-2026: 3.3%● unchanged vs 12-2025 02-2026: 3.3%● unchanged vs 01-2026 03-2026: 3.0%▼ -0.3 percentage points vs 02-2026 04-2026: 2.9%▼ -0.1 percentage points vs 03-2026 05-2026: 2.9%● unchanged vs 04-2026 06-2026: 2.8%▼ -0.1 percentage points vs 05-2026 07-2026: 2.7%▼ -0.1 percentage points vs 06-2026 08-2026: 1.4%▼ -1.3 percentage points vs 07-2026lowest value 09-2026: 1.4%● unchanged vs 08-2026lowest value 10-2026: 1.4%● unchanged vs 09-2026lowest value 11-2026: 1.4%● unchanged vs 10-2026lowest value

Financial strength
Weak

52-9equity 26.6% of total assets
19-1short-term debt 72.8% · cash 6.8%
19-66return on assets -4.0%

Score breakdown

raises risk
1 of the last 3 accounts late
Founded in 2019
Loss of €7,658 (financial year 2025)
lowers risk
Size: total assets €190,601
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 46, micro). It does better than 37% of them on solvency, 18% on liquidity, 22% on profitability and 23% 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 low class on 30-06-2025, 0.8% 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, 1,548 companies had the same profile as Group-Pi has now. Each dot stands for 4 companies, two years later.

91.2%
were still trading
3.9%
stopped another way
4.3%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss

Another 0.6% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Group-Pi itself: 1.4% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,548 companies, not a prediction for Group-Pi. 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 €3,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.29 (1.61 in 2024), below the usual 1.5. Short-term debt is 72.8% and cash 6.8% of total assets. 73.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 of the last 3 accounts late
NBB · filings
raises risk · Founded in 2019
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €190,601
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €7,658 (financial year 2025)
NBB · annual accounts
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
1 day early
2024
31 days early
2023
58 days late
2022
52 days late
2021
79 days late
2020
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 25 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 21 September (4 of the last 5 accounts filed within 53 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

MP
MEUBIS Pascal Jozef Martin
Director, since 16-12-2019
VI
VERMEULEN Inge Andrea Francisca
Director, since 16-12-2019
  • VERMEULEN Inge Andrea Francisca 1,499 sharesdeed of 18-12-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0739655484
Incorporation Founding capital of €74,950, 1,499 shares · Founder: VERMEULEN Inge Andrea Francisca · Appointments: VERMEULEN Inge Andrea Francisca (director) and MEUBIS Pascal Jozef Martin (director) · published on 18-12-2019 · Gazette deed
First establishment Balendijk 250, Lommel
All 12 events

Comparable companies

same main activity, similar in size and age
Company
Group-Pi Lommel €190,601 €37,660 26.6% -
Unite Procurement Belgium Hasselt €165,308 €20,452 33.2% -
Be-Mark Harelbeke €128,564 €26,797 54.2% -
EuroMobi Evere €349,052 €72,792 44.8% -
CoCoMa Ixelles €287,429 €30,421 43.6% -
OLYMPUS RETAIL Theux €91,695 €40,125 -14.0% -
KLB Services Retie €312,180 €62,521 43.5% -

These companies have the same main activity as Group-Pi: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €91,700 and €349,000, founded between 2018 and 2021.

Official details

Source: KBO
Status
Active since 16-12-2019Normal situation
Activity
Non-specialised wholesale tradeNACE 46900and 2 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.297.318.4053920 Lommel, since 16-12-2019
Financial year end
31 December
Peppol
Reachable since 28-01-2025
Company details

Annual accounts 2025

€37,660▼ 50.2%
€7,658
€50,694▼ 13.1%
€190,601▲ 16.4%
Employeeson 31-12-2025
1=
Filing
Filed on 30-07-2026, 1 day before the end of the filing period
Financials

Insights on Group-Pi

Group-Pi files the micro format. That format states no turnover. The gross margin rose from €25,823 in 2020 to €37,660 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-07-2026, 1 day before the deadline
€37,660
▼ 50.2%
€1,981
▼ 94.8%
-€7,658
▼ €36,743
€40,704
▼ 29.1%
26.6%
▼ 9.0 percentage points
1.29
▼ 0.31

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €250,000. Estimated: probably between €130,000 and €460,000.

Balance sheet

balance sheet total €190,601 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

26.6%

Higher than 39% of 13,800 companies in 2025.

1.29

Higher than 40% of 13,181 companies in 2025.

-4.0%

Higher than 24% of 13,360 companies in 2025.

Group-Pi Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

€29,551

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 1 person joined and 1 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 190,601163,695165,884168,769188,285192,592
21/28 11,22911,75320,22722,88041,13854,782
21 4,6582,2352,6444,7516,8598,966
22/27 6,2729,21917,28417,82933,97945,516
23 6,2729,19415,75914,1727,9007,407
24 0251,5253,65826,08038,109
28 300300300300300300
29/58 179,371151,942145,657145,889147,147137,809
3 135,818129,351136,732128,703123,155101,772
30/36 135,818129,351136,732128,703123,155101,772
40/41 29,36820,9837,3125,82610,59923,943
40 28,49620,9835,4435,82610,53820,904
41 87101,8680613,038
54/58 12,91213011,36013,39412,095
490/1 1,2741,5951,613---
Balance sheet: equity and liabilities
10/49 190,601163,695165,884168,769188,285192,592
10/15 50,69458,35229,26622,98825,19615,810
10/11 74,95074,95074,95074,95074,9508,000
11 -----8,000
1109/19 -----8,000
13 -----7,810
133 -----7,810
14 -24,256-16,598-45,684-51,962-49,754-
17/49 139,907105,344136,619145,781163,089176,781
17 08,90435,13963,709103,764143,054
170/4 08,90435,13963,709103,764143,054
42/48 138,66894,549101,09281,90459,32529,021
42 8,90426,23532,63338,88433,50612,144
43 16,4794,6447,056---
430/8 16,4794,6447,056---
44 21,86623,25640,21913,10116,76114,439
440/4 21,86623,25640,21913,10116,76114,439
46 52,974-----
45 3,33319,9518,2327,5729,0582,438
450/3 42517,2786597,5729,0582,438
454/9 2,9092,6727,574---
47/48 35,11220,46312,95222,347--
492/3 1,2391,891387169-4,707
Income statement
9900 37,66075,66075,13813,70032,77425,823
62 26,59617,29935,827264--
630 4,2747,0687,6037,60915,52114,173
631/4 -08,897---
640/8 4,80913,4267,5114,9652,4221,677
9901 1,98137,86715,30086114,8329,974
75/76B 429842,2721,5441,12829
75 429842,2721,5441,12829
65/66B 9,9208,58811,0634,2886,4501,898
65 9,9208,58811,0634,2886,4501,898
9903 -7,51029,3636,508-1,8839,5108,105
67/77 148277231325125295
9904 -7,65829,0866,278-2,2089,3857,810
9905 -7,65829,0866,278-2,2089,3857,810
Appropriation of the result
9906 -24,256-16,598-45,684-51,962-49,7547,810
14P -16,598-45,684-51,962-49,754-59,140-
691/2 -----7,810
6921 -----7,810
Social balance sheet
9087 0.911---
Hours worked1013 5927061,824---
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 30-07-2026 2026-00366356 PDF
31-12-2024 micro format 30-06-2025 2025-00198653 PDF
31-12-2023 micro format 27-09-2024 2024-00476990 PDF
31-12-2022 micro format 21-09-2023 2023-00450000 PDF
31-12-2021 micro format 18-10-2022 2022-20472006 PDF
31-12-2020 micro format 23-07-2021 2021-39000295 PDF

Subsidies and aid

Flemish government 2023 to 2025, 3 entries, €8,857 awarded, €8,857 paid

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
€8,857
Year Entries AwardedPaid
2025 1 €1€1
2024 1 €4,443€4,443
2023 1 €4,413€4,413

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
6,25544,93522,9038,47030,35324,147
-3,38436,15413,8815,40124,90721,983
3,7502,0004,9508,5461,87667,583
12,89913-11,360-2,0341,299-
40,70457,39344,56563,98587,822108,789
26.6%35.6%17.6%13.6%13.4%8.2%
1.291.611.441.782.484.75
0.310.240.090.210.401.24
2.761.814.676.346.4711.18
-15.1%49.8%21.5%-9.6%37.3%49.4%
-4.0%17.8%3.8%-1.3%5.0%4.1%
0.635.232.071.984.71-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-2023
Employees at the balance-sheet date111
full-time111
part-time000
in full-time equivalents111
0.911
On a permanent contract111
Joined1-1
Left1-0

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€4,950€8,546€1,876
Intangible fixed assets€3,750€2,000---
Financial fixed assets€0----
€4,274€7,068€7,603€7,609€15,521

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Group-Pi

The operating result for 2025 is 95% lower than in 2024 and the lowest since 2022.

Debt's share of the balance-sheet total rises from 64.4% to 73.4%. Equity is lower and debt is higher.

Board & ownership

Board

2 directors, since incorporation
MEUBIS Pascal Jozef Martin
Director (not named in the articles)
since 16-12-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 30-07-2026
VERMEULEN Inge Andrea Francisca
Director (not named in the articles)
since 16-12-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 30-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 18-12-2019

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
MEUBIS Pascal Jozef Martin
Director (not named in the articles)
VERMEULEN Inge Andrea Francisca
Director (not named in the articles)
Board
Mandates as a list
  • MEUBIS Pascal Jozef Martin
    • Director (not named in the articles), from 16-12-2019 to date
  • VERMEULEN Inge Andrea Francisca
    • Director (not named in the articles), from 16-12-2019 to date

See the board, name and registered office on a given date →

Control

Founder
VERMEULEN Inge Andrea Francisca
This company
Group-Pi
Equity €50,694
Loss €7,658 in 2025

Capital

Contribution
€74,950
Shares
1,499
Contribution per share
€50
Equity per share
€33.82 in 2025
Source
deed of 18-12-2019

Articles of association

deed of 18-12-2019 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“Artikel twaalf, behalve deze die wet of statuten aan algemene vergadering voorbehouden”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 19:00

Shareholders

At incorporation deed of 18-12-2019 ↗

Network & group

No group

Group-Pi has no parent and no holdings in its annual accounts. Group-Pi shares no director with another company.

At the same address

Balendijk 250, 3920 Lommel · 1 other company
TIELEMANS VASTGOED
registered office since 05-02-1990 · founded in 1989
 total assets €253,369 (2025)
0438.961.820

Timeline

Timeline

12 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 1 day before the deadline
2025
Weakest financial year net -€7,658 The net result drops to -€7,658, the lowest from 2020 to 2025.
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0739655484
2024
Highest result from 2020 to 2025 net €29,086 ▲363% The operating result of €37,867 and the net result of €29,086 are both a record.
Annual accounts 2023 filed PDFmicro format · 58 days late
2023
Back to profit net €6,278 The net result is €6,278, after one loss-making year.
Annual accounts 2022 filed PDFmicro format · 52 days late
2022
Annual accounts 2021 filed PDFmicro format · 79 days late
2021
Annual accounts 2020 filed PDFmicro format · 8 days before the deadline
2019
IncorporationFounding capital of €74,950, 1,499 shares · Founder: VERMEULEN Inge Andrea Francisca · Appointments: VERMEULEN Inge Andrea Francisca (director) and MEUBIS Pascal Jozef Martin (director) · published on 18-12-20196 points ▸

Open the deed in the Belgian Official Gazette

First establishment Balendijk 250, Lommel

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Group-Pi was incorporated on 16 December 2019 as a private limited company by one natural person, with a starting capital of €74,950.12 The board currently has 2 members, 2 of whom have served since 2019.3 Total assets went from €192,592 in 2020 to €190,601 in 2025 and headcount from 1 full-time equivalents in 2023 to 0.9 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 18-12-2019
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2020, 2023 and 2025

Company details

Identity

Enterprise number
0739.655.484
VAT number
BE 0739.655.484
Peppol ID
0208:0739655484
Legal form
Private limited company
Status
Active, normal situation
Founded
16-12-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 19:00
deed of 18-12-2019 (in Dutch)
Peppol
Reachable since 28-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Group-Pi in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Balendijk 250/D, 3920 Lommel”
“Vlaams Gewest”
deed of 18-12-2019 (in Dutch)

Activities

NACEBEL 2025
46900 Non-specialised wholesale trade main activity
47639 Retail sale of other sporting goods
95290 Repair and maintenance of other personal and household goods
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
46900 Non-specialised wholesale trade main activity
47640 Retail trade
95290 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
PurposeThe purpose describes the activities the company may carry out under its articles.
“Groothandel en kleinhandel,import en export,onderhoud van sportartikelen zoals onder meer snookertafels,biljarttafels en accessoires…”
9 activities
  1. Groothandel en kleinhandel,import en export,onderhoud van sportartikelen zoals onder meer snookertafels,biljarttafels en accessoires
  2. Ondersteunende dienstverlening aan horeca-uitbaters met in het bijzonder inzake snooker en biljartsporten,alsook raadgeving van elke soort,relevant hiertoe
  3. Ontwerpen en voeren van reclame- en promotiecampagnes voor derden via de verschillende media
  4. Ondersteunende dienstend in verband met de sportbeoefening zoals onder meer coaching,begeleiding en opleiding
  5. Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële duurzame activa
  6. Organisatie en uitvoering van sportevenementen,voetbal,wielrennen,bowling,zwemmen,golf,boksen,worstelen,en andere vechtsporten,bodybuilding,wintersporten,enz.
  7. Promotie en organisatie van sportevenementen,als zelfstandige actitiveit of voor rekening van derden
  8. Vervaardiging van sportartikelen
  9. Alle acitiviteiten die behoren tot de horecasector,zowel in binnenland als in buitenland,als daar zijn:restaurants,spijshuizen,hotels,motels,vergader- en feestzalen,herbergen,tavernes,bars,cafés,uitbaten van speelzalen zoals onder meer snooker,biljart en andere.
deed of 18-12-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Balendijk 250 registered office 3920 Lommel 16-12-2019 2.297.318.405

Buildings and parcels at the address

Ground area
2,989 m²
Buildings
525 m²
Volume, LiDAR
3,666 m³
Tallest building
8.0 m
Buildings to scale, each on its own parcel
525 m², 8.0 m 525 m², 8.0 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
72020C1399/00L0092,989 m² 1 · 525 m² 8.0 m · 2

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