Menuiserie Pierard · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Menuiserie Pierard is 0.8% (low). The 2025 annual accounts show equity of €91k and a net result of €10k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 115 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-04-2026, 17 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	13-04-2026	17 d early	2026-00077777
30-09-2024	30-04-2025	16-04-2025	14 d early	2025-00070297
30-09-2023	30-04-2024	24-04-2024	6 d early	2024-00068741
30-09-2022	30-04-2023	28-04-2023	2 d early	2023-00070090
30-09-2021	30-04-2022	30-03-2022	31 d early	2022-09700050
30-09-2020	30-04-2021	29-04-2021	1 d early	2021-12100497
30-09-2019	30-04-2020	29-05-2020	29 d late	2020-13700060
30-09-2018	30-04-2019	30-04-2019	on the day	2019-11600254
30-09-2017	30-04-2018	27-04-2018	3 d early	2018-11000279
30-09-2016	30-04-2017	26-04-2017	4 d early	2017-10200497

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2008, 18 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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€10k

Working capital€88k+18.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 13-04-2026 with the NBB · fiscal year 2025 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~4.6%/year over 8 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 43, Specialised construction · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	25.2%	40.2%	better than 36% of 115 sector peers
Net result	€10k	€25k	better than 35% of 114 sector peers
Equity	€91k	€123k	better than 40% of 115 sector peers
Gross operating margin	€495k	€147k	better than 75% of 105 sector peers
Staff costs	€472k	€214k	higher than 68% of 82 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P36

Stable position over 2020-2025 · n=115-498

Net result P35

Weakening position over 2020-2025 · n=114-496

Equity P40

Stable position over 2020-2025 · n=115-498

Gross operating margin P75

Stable position over 2020-2025 · n=105-467

Describes the position versus peers, not a forecast.

EBITDA

€21k

+21.2% 18-25

Net profit

€10k

- 18-25

Cash flow

€13k

- 18-25

Total assets

€361k

-19.3% 18-25

Equity

€91k

+12.0% 18-25

Working capital

€88k

+18.3% 18-25

Employees (FTE)

8

-20.2% 18-25

Staff costs

€472k

-8.2% 18-25

Income taxes

€1k

+186.8% 18-25

Dividends

€8k

- 18-25

Debt

€270k

-26.3% 18-25

Debt ≤ 1y

€269k

-26.4% 18-25

Debt > 1y

€6k

-49.6% 18-25

Current ratio

1.33

+10.3% 18-25

Quick ratio

1.03

+2.5% 18-25

Solvency

25.2%

+38.9% 18-25

Debt / equity

2.97

-34.2% 18-25

ROE

10.7%

- 18-25

ROA

2.7%

- 18-25

Interest coverage

0.68

+14.3% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	-
EBITDA	€21k
Net profit	€10k
Cash flow	€13k
Staff costs	€472k
Income taxes	€1k
Dividends	-
Total assets	€361k
Equity	€91k
Debt	€270k
of which ≤ 1y	€269k
of which > 1y	-
Working capital	€88k
Employees (FTE)	7.9

Ratios (computed)

	2025
Current ratio	1.33
Quick ratio	1.03
Working capital ratio	24.4%
Solvency	25.2%
Debt / equity	2.97
Long-term debt ratio	-
Interest coverage	0.68
Gross margin	-
Net margin	-
ROA	2.7%
ROE	10.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €3k · 0.9% Current assets €357k · 99.1%

Equity & liabilities

Equity €91k · 25.2% Debt €270k · 74.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€361k
Fixed assets	21/28	€3k
Tangible fixed assets	22/27	€3k
Financial fixed assets	28	€460
Current assets	29/58	€357k
Stocks & contracts in progress	3	€80k
Amounts receivable within one year	40/41	€262k
Cash & bank	54/58	€362
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€361k
Equity	10/15	€91k
Contributions / capital	10/11	€60k
Reserves	13	€44k
Accumulated profits (losses)	14	€-14k
Amounts payable	17/49	€270k
Amounts payable within one year	42/48	€269k
Trade debts payable within one year	44	€125k
Income statement
Gross operating margin	9900	€495k
Operating result	9901	€17k
Financial income	75	€24k
Financial charges	65	€30k
Result before taxes	9903	€11k
Income taxes	67/77	€1k
Net result for the period	9904	€10k
Result to be appropriated	9905	€10k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

68 / 100 Healthy

050100

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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

MENUISERIE PIERARD

Sur le Fond Barbette(FW) 5, 5020 NamurVervaardiging van ander schrijn- en timmerwerk

since 20082.173.795.536

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,872 m²

Buildings1

Building footprint207 m²

Volume (LiDAR)1,526 m³

Tallest building9.9 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92043G0148/00D000	Wallonia	1,872 m²	1 · 207 m²	9.9 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 68

Profitability 54

Solvency 45

Growth 78

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 2,271 of the 20,015 companies in this sector. 1,921 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Schrijnwerk43320Schrijnwerk43320Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31004Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31091

Primary activity highlighted.

Names & trade names

Legal nameFR

Menuiserie Pierard

Registered office

Sur le Fond Barbette(FW) 5

5020 Namur, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.