P.I. DEVELOPMENT
ActiveP.I. DEVELOPMENT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309k and a net result of €56k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 16935 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+5
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 9.01 against 9.21 in 2024), and 10.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
89.7%
Return on assets
16.4%
Age of the figures
8 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
17 d early
2023
36 d early
2022
52 d early
2021
12 d early
2020
54 d early
2019
29 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€309k▲ 1.2%
2024 · €305k
2018: €249k
2019: €175k
2020: €203k
2021: €234k
2022: €280k
2023: €305k
2024: €305k
2018 → 2025
Total assets
€344k▲ 1.6%
2024 · €339k
2018: €260k
2019: €189k
2020: €224k
2021: €263k
2022: €317k
2023: €337k
2024: €339k
2018 → 2025
Net result
€56k▲ 8.3%
2024 · €52k
2018: €36k
2019: €33k
2020: €29k
2021: €30k
2022: €46k
2023: €26k
2024: €52k
2018 → 2025
Working capital
€283k▲ 2.5%
2024 · €276k
2018: €192k
2019: €91k
2020: €136k
2021: €182k
2022: €232k
2023: €272k
2024: €276k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€234k-€280k▲ 19.7%€305k▲ 9.2%€305k▼ 0.2%€309k▲ 1.2%
Operating result€45k-€66k▲ 45.7%€38k▼ 42.2%€73k▲ 90.8%€74k▲ 2.1%
Net result€30k-€46k▲ 52.5%€26k▼ 43.9%€52k▲ 102%€56k▲ 8.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €344k
Fixed assets
€26k▼ 10.5%
Current assets
€318k▲ 2.7%
Equity and liabilities €344k
Equity
€309k▲ 1.2%
Debt
€36k▲ 4.9%
The debt ratio rises from 10.0% to 10.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€80k▲
2024 · €78k
Cash flow
€62k▲
2024 · €58k
Solvency
89.7%▼
2024 · 90.0%
Current ratio
9.01▼
2024 · 9.21
Quick ratio
9.01▼
2024 · 9.21
Debt / equity
0.12▲
2024 · 0.11
ROE
18.3%▲
2024 · 17.1%
ROA
16.4%▲
2024 · 15.4%
Interest coverage
76.49▼
2024 · 197.71
Debt
€36k▲
2024 · €34k
Debt ≤ 1 year
€35k▲
2024 · €34k
Income taxes
€23k▲
2024 · €21k
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€339k€344k▲
Fixed assets21/28€29k€26k▼
Tangible fixed assets22/27€29k€26k▼
Land and buildings22€24k€20k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€5k€6k▲
Current assets29/58€310k€318k▲
Amounts receivable within one year40/41€15k€13k▼
Trade receivables40€15k€13k▼
Other amounts receivable41€0-
Current investments50/53€270k€192k▼
Cash at bank and in hand54/58€24k€104k▲
Deferred charges and accrued income490/1€1k€9k▲
Equity and liabilities
Total equity and liabilities10/49€339k€344k▲
Equity10/15€305k€309k▲
Contributions10/11€400€400=
Reserves13€304k€308k▲
Non-distributable reserves130/1€11k€11k=
Reserves not available under the articles1311€11k€11k=
Distributable reserves133€294k€297k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€34k€36k▲
Amounts payable within one year42/48€34k€35k▲
Trade debts44€316€127▼
Suppliers440/4€316€127▼
Taxes, remuneration and social security45€21k€25k▲
Taxes450/3€17k€21k▲
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€13k€10k▼
Accrued charges and deferred income492/3€300€300=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€81k€83k▲
Operating profit (loss)9901€73k€74k▲
Financial income75/76B€503€7k▲
Recurring financial income75€503€7k▲
Financial charges65/66B€396€1k▲
Recurring financial charges65€396€1k▲
Profit (loss) for the period before taxes9903€73k€80k▲
Income taxes67/77€21k€23k▲
Profit (loss) for the period9904€52k€56k▲
Profit (loss) for the period to be appropriated9905€52k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€52k€56k▲
Transfer from equity791/2€53k€53k=
Transfer to equity691/2€52k€56k▲
To other reserves6921€52k€56k▲
Profit to be distributed694/7€53k€53k=
Return on contributions (dividend)694€53k€53k=
The notes to these accounts (7 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €56k ▲8.3%
Operating result €74k, net result €56k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €26k ▼43.9%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €203k ▲16.5%
3 profitable years in a row build equity to €203k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Herk-de-Stad · 1 establishment unit since 1999
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.
Paulusstraat 173540 Herk-de-StadGround area
1,067 m²
Building footprint
150 m²
Volume, LiDAR
874 m³
Parcel 71003A0359/00H000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Paulusstraat 17, 3540 Herk-de-Stad
since 19992.091.839.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71003A0359/00H000 | Flanders | 1,067 m² | 1 · 150 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
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.
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QUIPU
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PULSAR - IT
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Brainz4
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Of 16,813 companies in sector 62100 we hold annual accounts for 8,747. 6,114 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-1999
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
47400Retail sale of information and communication equipment
47410Retail trade
52487
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:pi.development@telenet.be