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P&I

Active
Private limited companyfounded 2007active for 19 yearsHonderdweg 12, 9230 Wetteren, BelgiumKBO/BCE: BE 0890.392.890
Summary

P&I has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €440,628. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 30% of 147 sector peers (NACE 27, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow ReportCompare
P&IActiveChecked score 70/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of electrical equipment
NACE 27120
9th largest employer in East Flanders, Electrical equipment sector2 sites
Size
≈ €5.9mturnover 2025, estimated
Staff
38.1 FTE
Equity
€1.3m
Profit
€440,628
Turnover estimated from the gross margin
Financial health
70 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Holdings
4
2025 accounts 24 days early5 deeds in the Belgian Official Gazette
Why 70raises riskLiquidity: current ratio 0.43, cash €175,102Equity €1.3m (23.3% of total assets)Size: 38.1 FTE, total assets €5.6mlowers riskFounded in 2007Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 47% of its sector peers (NACE 27, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 48-7
equity 23.3% of total assets
Liquidity 12-11
short-term debt 76.7% · cash 3.1%
Profitability 79+1
return on assets 7.8%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (92 companies, NACE 27, small)
Last 24 months 11-2024: 0.3% 12-2024: 0.4%▲ +0.1 percentage points vs 11-2024 01-2025: 0.6%▲ +0.2 percentage points vs 12-2024 02-2025: 0.2%▼ -0.4 percentage points vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.4%▲ +0.1 percentage points vs 11-2025 01-2026: 0.6%▲ +0.2 percentage points vs 12-2025 02-2026: 0.5%▼ -0.1 percentage points vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.6%▲ +0.1 percentage points vs 09-2026highest value
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.43, compared with 0.75 in 2024, below 1; short-term debt: 76.7% and cash: 3.1% of total assets), and 76.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 27, small): better than 25% on solvency, 4% on liquidity, 75% on profitability and 84% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.43, cash €175,102
NBB · annual accounts
raises risk · Equity €1.3m (23.3% of total assets)
NBB · annual accounts
lowers risk · Founded in 2007
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: 38.1 FTE, total assets €5.6m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 days early
2024
28 days early
2023
26 days early
2022
5 days early
2021
10 days early
2020
23 days early
2019
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days before the deadline; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 7 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end28-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Highest result from 2019 to 2025net €440,628 ▲81.3%
  3. Equity above €1mequity €1.3m ▲38.6%

Key points

  • Positive: Result rose in 2025from €243,049 to €440,628 ▲ 81.3% View
  • Positive: Among the best 12% on net resultsector median €29,657 · 147 companies €440,628 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €440,628 7 years View

By topic

Financials

Financial year
2025
Total assets
€5.6m
Profit
€440,628
Solvency
23.3%
Total assets▲ 77.5%
Net result
20192025
Go to Financials

Timeline

Events
21
Since
2009
Next accounts
by 31-01-2027
  1. 03-01-2025Annual accounts filed
  2. 05-01-2024Annual accounts filed
  3. 26-01-2023Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Manufacture of electrical equipmentNACE 27120
Founded
27-06-2007
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Key facts about P&I

What is the company number of P&I?
0890.392.890. In Belgium the VAT number is the company number with BE in front: BE 0890.392.890.
Where is P&I based?
The registered office is at Honderdweg 12, 9230 Wetteren.Company details
What does P&I do?
According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27120).
What is the legal form of P&I?
Private limited company (BV).
When was P&I founded?
On 27-06-2007.
Is P&I still active?
Yes, P&I is an active enterprise in the KBO register.
How many employees does P&I have?
On average 38.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of P&I?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is P&I profitable?
In financial year 2025, P&I made a profit of €440,628.
Where can I find the annual accounts of P&I?
P&I filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of P&I due?
By 31-01-2027, for financial year 2026.Timeline

Companies related to P&I

Subsidiaries and holdings

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