Checked.be
Active
BE 0421.092.539Private limited company
IMPRIMERIE PIROTTE
Voie de l'Octroi 7 ·4877 Olne, Belgium· 45 yrs active
Sector: Other printing
(18120)
Conclusion
IMPRIMERIE PIROTTE has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239k and a net result of €16k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €239k |
| Net result | €16k |
| Better than sector | 62% |
| Active | 45 yrs |
Financial profile
75
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
35
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1980, 45 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€21k
estimate, not credit advice
Score history
93
2021
93
2022
93
2023
100
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.66 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.64 (≥ 1.0)
+5
Leverage
Debt/equity 0.53 (< 1.0)
+10
Profitability
ROE 7%
+3
Interest coverage
Interest coverage 15.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~15.9%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 18, Printing and reproduction of recorded media · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 65.2% | 51.9% | |
| Net result | €16k | €6k | |
| Equity | €239k | €66k | |
| Gross operating margin | €45k | €31k | |
| Total assets | €366k | €140k |
€42k
-64.0%
21-25
€16k
-73.9%
21-25
€32k
-60.8%
21-25
€366k
+5.6%
21-25
€239k
+7.4%
21-25
€211k
+14.5%
21-25
€173
-71.9%
21-25
€8k
-74.9%
21-25
€6k
-50.0%
21-25
€128k
+2.4%
21-25
€128k
+2.4%
21-25
€0
-
21-25
2.66
+7.1%
21-25
2.64
+7.5%
21-25
65.2%
+1.7%
21-25
0.53
-4.7%
21-25
6.9%
-75.7%
21-25
4.5%
-75.3%
21-25
15.74
-49.1%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €42k | €116k | €48k | €48k | €58k |
| Net profit | €16k | €63k | €18k | €22k | €35k |
| Cash flow | €32k | €82k | €36k | €38k | €51k |
| Staff costs | - | - | - | €173 | €615 |
| Income taxes | €8k | €30k | €8k | €6k | €3k |
| Dividends | - | - | €6k | €13k | €6k |
| Total assets | €366k | €347k | €245k | €246k | €237k |
| Equity | €239k | €222k | €159k | €148k | €138k |
| Debt | €128k | €125k | €86k | €98k | €98k |
| of which ≤ 1y | €128k | €125k | €86k | €97k | €86k |
| of which > 1y | - | €0 | €0 | €2k | €12k |
| Working capital | €211k | €184k | €125k | €113k | €99k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.66 | 2.48 | 2.45 | 2.17 | 2.15 |
| Quick ratio | 2.64 | 2.46 | 2.40 | 2.11 | 1.97 |
| Working capital ratio | 57.7% | 53.2% | 50.8% | 46.0% | 41.7% |
| Solvency | 65.2% | 64.1% | 64.9% | 60.0% | 58.5% |
| Debt / equity | 0.53 | 0.56 | 0.54 | 0.67 | 0.71 |
| Long-term debt ratio | - | 0.00 | 0.00 | 0.01 | 0.09 |
| Interest coverage | 15.74 | 30.90 | 14.93 | 13.44 | 16.44 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 4.5% | 18.2% | 7.3% | 8.9% | 14.6% |
| ROE | 6.9% | 28.4% | 11.2% | 14.8% | 25.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €366k | €347k | €245k | €246k | €237k |
| Fixed assets | 21/28 | €28k | €38k | €34k | €36k | €52k |
| Tangible fixed assets | 22/27 | €28k | €38k | €34k | €36k | €52k |
| Current assets | 29/58 | €339k | €309k | €211k | €210k | €185k |
| Stocks & contracts in progress | 3 | €2k | €3k | €4k | €6k | €16k |
| Amounts receivable within one year | 40/41 | €47k | €38k | €45k | €39k | €54k |
| Investments | 50/53 | €75k | €70k | - | - | - |
| Cash & bank | 54/58 | €212k | €197k | €160k | €164k | €114k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €366k | €347k | €245k | €246k | €237k |
| Equity | 10/15 | €239k | €222k | €159k | €148k | €138k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €220k | €204k | €141k | €129k | €120k |
| Accumulated profits (losses) | 14 | - | - | - | - | €0 |
| Amounts payable | 17/49 | €128k | €125k | €86k | €98k | €98k |
| Amounts payable after one year | 17 | - | €0 | €0 | €2k | €12k |
| Amounts payable within one year | 42/48 | €128k | €125k | €86k | €97k | €86k |
| Trade debts payable within one year | 44 | €3k | €2k | €6k | €4k | €8k |
| Income statement | ||||||
| Gross operating margin | 9900 | €45k | €119k | €51k | €51k | €61k |
| Operating result | 9901 | €26k | €97k | €29k | €32k | €42k |
| Financial income | 75 | €643 | €11 | €56 | €19 | €2 |
| Financial charges | 65 | €3k | €4k | €3k | €4k | €4k |
| Result before taxes | 9903 | €24k | €93k | €26k | €28k | €38k |
| Income taxes | 67/77 | €8k | €30k | €8k | €6k | €3k |
| Net result for the period | 9904 | €16k | €63k | €18k | €22k | €35k |
| Result to be appropriated | 9905 | €16k | €63k | €18k | €22k | €35k |
Legal Structure
| NACE primary | Other printing(18120) |
| Legal form | Private limited company(610) |
| Incorporation | 28-11-1980 |
| Status | Active |
| Postal code | 4877 |
Establishment units
IMPRIME PIROTTE
since 19812.019.760.031
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63057B0100/00F000 | Wallonia | 1.1 ha | 1 · 151 m² | 13.5 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €16k ▼73.9%
Net result drops to €16k, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €63k ▲254%
Operating result €97k, net result €63k, both a record.
31-12
Financial
Equity above €200kEq €222k ▲39.7%
4 profitable years in a row build equity to €222k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €159k ▲7.8%
3 profitable years in a row build equity to €159k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Other printing18120
Names & trade names
| Legal nameFR | IMPRIMERIE PIROTTE |
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