OPEN PIXEL SYSTEMS
ActiveOPEN PIXEL SYSTEMS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €883k and a net result of €357k. Equity is growing by ~115.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency97▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 3.24 against 2.87 in 2024; short-term debt: 27.5% and cash: 36.3% of total assets), and 27.5% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
72.5%
Return on assets
29.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
26 d late
2024
31 d late
2023
on the day
2022
41 d early
2021
37 d early
2020
38 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€883k▲ 68.3%
2024 · €525k
2020: €19k
2021: €36k
2022: €113k
2023: €151k
2024: €525k
2020 → 2025
Total assets
€1.22M▲ 63.8%
2024 · €744k
2020: €37k
2021: €45k
2022: €188k
2023: €566k
2024: €744k
2020 → 2025
Net result
€357k▼ 4.3%
2024 · €374k
2020: €16k
2021: €17k
2022: €76k
2023: €215k
2024: €374k
2020 → 2025
Working capital
€752k▲ 84.7%
2024 · €407k
2020: €19k
2021: €24k
2022: €55k
2023: €56k
2024: €407k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€113k▲ 210%€151k▲ 33.7%€525k▲ 247%€883k▲ 68.3%
Operating result€22k-€102k▲ 366%€289k▲ 185%€506k▲ 74.9%€445k▼ 12.1%
Net result€17k-€76k▲ 338%€215k▲ 180%€374k▲ 74.2%€357k▼ 4.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.22M
Fixed assets
€131k▲ 10.0%
Current assets
€1.09M▲ 74.0%
Equity and liabilities €1.22M
Equity
€883k▲ 68.3%
Debt
€336k▲ 52.9%
The debt ratio falls from 29.5% to 27.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€450k▼
2024 · €510k
Cash flow
€362k▼
2024 · €378k
Solvency
72.5%▲
2024 · 70.5%
Current ratio
3.24▲
2024 · 2.87
Quick ratio
3.24▲
2024 · 2.87
Debt / equity
0.38▼
2024 · 0.42
ROE
40.5%▼
2024 · 71.2%
ROA
29.3%▼
2024 · 50.2%
Interest coverage
170.72▼
2024 · 216.32
Debt
€336k▲
2024 · €220k
Debt ≤ 1 year
€336k▲
2024 · €218k
Income taxes
€100k▼
2024 · €130k
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€744k€1.22M▲
Fixed assets21/28€119k€131k▲
Tangible fixed assets22/27€8k€20k▲
Plant, machinery and equipment23-€7k
Furniture and vehicles24€8k€13k▲
Financial fixed assets28€111k€111k=
Current assets29/58€625k€1.09M▲
Amounts receivable after more than one year29-€365k
Trade receivables290-€365k
Amounts receivable within one year40/41€187k€281k▲
Trade receivables40€187k€281k▲
Cash at bank and in hand54/58€438k€442k▲
Equity and liabilities
Total equity and liabilities10/49€744k€1.22M▲
Equity10/15€525k€883k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€522k€880k▲
Amounts payable17/49€220k€336k▲
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€218k€336k▲
Current portion of amounts payable after more than one year42€17k€3k▼
Trade debts44€123k€238k▲
Suppliers440/4€123k€238k▲
Taxes, remuneration and social security45€78k€95k▲
Taxes450/3€78k€95k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€46-
Gross operating margin9900€510k€450k▼
Operating profit (loss)9901€506k€445k▼
Financial income75/76B€497€15k▲
Recurring financial income75€497€15k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€504k€457k▼
Income taxes67/77€130k€100k▼
Profit (loss) for the period9904€374k€357k▼
Profit (loss) for the period to be appropriated9905€374k€357k▼
Appropriation of the result
Profit (loss) to be appropriated9906€522k€880k▲
Profit (loss) brought forward from the previous period14P€148k€523k▲
The notes to these accounts (6 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Highest result since 2020net €374k ▲74.2%
Operating result €506k, net result €374k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.87
Current ratio from 1.14 to 2.87; short-term debt falls from €405k to €218k.
31-12
Financial
Equity above €500kEq €525k ▲247%
5 profitable years in a row build equity to €525k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €151k ▲33.7%
4 profitable years in a row build equity to €151k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €113k ▲210%
3 profitable years in a row build equity to €113k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Zaventem · 1 establishment unit since 2020
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.
Da Vincilaan 111930 ZaventemGround area
2.3 ha
Building footprint
253 m²
Volume, LiDAR
1,469 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
OPEN PIXEL SYSTEMS
since 20202.309.194.965
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0098/00M000 | Flanders | 2.1 ha | - | - |
| 23017E0226/00T004 | Flanders | 1,808 m² | 1 · 253 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HIBBIN
BE 0537.206.091
Brussel · Eq €883k
PMA Van Hoecke
BE 0642.688.346
Heist-op-den-Berg · Eq €883k
DLIC
BE 0821.678.882
Kortrijk · Eq €883k
EIGHT ADVISORY BELGIUM
BE 0694.826.737
Brussel · Eq €883k
D'HOOGPOORT
BE 0841.419.669
Asse · Eq €884k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 29,198 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
62020IT consultancy
62200Computer consultancy and computer facilities management
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.openpixelsystems.org
E-mail:jaskaran.sandhu@openpixelsystems.org