P-IT DEVELOPMENTS
Dissolved and wound up on 27-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 06-03-2026 PDF all 11 filings
Turnover
≈ €130,000
Estimated: probably between €78,000 and €230,000
Total assets
€130,753▲ 2.7%
2024 · €127,341
Net result
€19,951▲ 29.2%
2024 · €15,440
Working capital
€117,430▲ 46.9%
2024 · €79,934
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€28,222
▲ 28.5%
2025
20182025
Net result
€19,951
▲ 29.2%
2025
20182025
Equity
€117,371
▲ 20.5%
2025
20182025
Total assets
€130,753
▲ 2.7%
2025
20182025
Debt
€13,383
▼ 55.3%
2025
20182025
Working capital
€117,430
▲ 46.9%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€36,363-€33,481▼ 7.9%€57,912▲ 73.0%€35,478▼ 38.7%€18,314▼ 48.4%€31,887▲ 74.1%€21,964▼ 31.1%€28,222▲ 28.5%
Net result€26,529-€1,469▼ 94.5%€45,967▲ 31×€28,222▼ 38.6%€12,850▼ 54.5%€22,613▲ 76.0%€15,440▼ 31.7%€19,951▲ 29.2%
Equity€80,674-€82,143▲ 1.8%€83,110▲ 1.2%€111,332▲ 34.0%€94,183▼ 15.4%€96,923▲ 2.9%€97,420▲ 0.5%€117,371▲ 20.5%
Total assets€108,777-€94,638▼ 13.0%€163,447▲ 72.7%€130,617▼ 20.1%€143,475▲ 9.8%€125,337▼ 12.6%€127,341▲ 1.6%€130,753▲ 2.7%
Debt€28,103-€12,495▼ 55.5%€80,337▲ 543%€19,285▼ 76.0%€49,292▲ 156%€28,414▼ 42.4%€29,921▲ 5.3%€13,383▼ 55.3%
Working capital€72,003-€73,604▲ 2.2%€35,979▼ 51.1%€70,174▲ 95.0%€52,372▼ 25.4%€68,254▲ 30.3%€79,934▲ 17.1%€117,430▲ 46.9%
The operating result for 2025 is 28% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €130,753
Equity
€117,371 ▲ 20.5%
Debt
€13,383 ▼ 55.3%
Debt's share of the balance-sheet total falls from 23.5% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,958▼
2024 · €34,027
Cash flow
€23,687▼
2024 · €27,503
Current ratio
9.81▲
2024 · 3.68
Debt to equity
0.11▼
2024 · 0.31
ROE
17.0%▲
2024 · 15.8%
ROA
15.3%▲
2024 · 12.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€13,323▼
2024 · €29,838
Income taxes
€8,484▲
2024 · €6,756
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,871 | €13,609 | - | €1,878 | €8,570 |
| Depreciation and write-downs of the year | €10,844 | €12,457 | €13,141 | €12,064 | €3,737 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,874 | €4,232 | €1,496 | €10,844 | €12,457 | €13,141 | €12,064 | €3,737 | ▼ 69.0% |
| Other operating charges640/8 | - | - | - | €348 | €847 | €384 | €2,185 | €437 | ▼ 80.0% |
| Gross operating margin9900 | €42,727 | €38,319 | €59,800 | €46,669 | €31,619 | €45,412 | €36,212 | €32,395 | ▼ 10.5% |
| Operating profit (loss)9901 | €36,363 | €33,481 | €57,912 | €35,478 | €18,314 | €31,887 | €21,964 | €28,222 | ▲ 28.5% |
| Financial income75/76B | - | - | - | €5 | €290 | €3 | €483 | €348 | ▼ 27.9% |
| Recurring financial income75 | €3 | €5 | €462 | €5 | €290 | €3 | €483 | €348 | ▼ 27.9% |
| Financial charges65/66B | - | - | - | €172 | €194 | €253 | €251 | €135 | ▼ 46.3% |
| Recurring financial charges65 | €133 | €31,191 | €97 | €172 | €194 | €253 | €251 | €135 | ▼ 46.3% |
| Profit (loss) for the period before taxes9903 | €36,232 | €2,295 | €58,277 | €35,310 | €18,411 | €31,637 | €22,195 | €28,435 | ▲ 28.1% |
| Income taxes67/77 | €9,703 | €826 | €12,310 | €7,088 | €5,560 | €9,024 | €6,756 | €8,484 | ▲ 25.6% |
| Profit (loss) for the period9904 | €26,529 | €1,469 | €45,967 | €28,222 | €12,850 | €22,613 | €15,440 | €19,951 | ▲ 29.2% |
| Profit (loss) for the period to be appropriated9905 | €26,529 | €1,469 | €45,967 | €28,222 | €12,850 | €22,613 | €15,440 | €19,951 | ▲ 29.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €108,777 | €94,638 | €163,447 | €130,617 | €143,475 | €125,337 | €127,341 | €130,753 | ▲ 2.7% |
| Fixed assets21/28 | €11,079 | €8,539 | €47,131 | €41,158 | €41,810 | €28,670 | €17,569 | - | - |
| Tangible fixed assets22/27 | €11,079 | €8,539 | €47,131 | €41,158 | €41,810 | €28,670 | €17,569 | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,071 | €963 | €855 | €746 | - | - |
| Furniture and vehicles24 | - | - | - | €40,087 | €37,196 | €24,567 | €13,979 | - | - |
| Other tangible fixed assets26 | - | - | - | - | €3,652 | €3,248 | €2,844 | - | - |
| Current assets29/58 | €97,698 | €86,099 | €116,316 | €89,459 | €101,664 | €96,667 | €109,772 | €130,753 | ▲ 19.1% |
| Amounts receivable within one year40/41 | €13,735 | €17,932 | €20,458 | €14,721 | €14,330 | €10,083 | €25,306 | €47,929 | ▲ 89.4% |
| Trade receivables40 | - | - | - | €11,810 | €10,890 | €9,107 | €21,918 | €13,476 | ▼ 38.5% |
| Other amounts receivable41 | - | - | - | €2,912 | €3,440 | €977 | €3,388 | €34,453 | ▲ 917% |
| Cash at bank and in hand54/58 | €82,453 | €66,679 | €93,241 | €72,963 | €87,226 | €86,477 | €81,770 | €82,625 | ▲ 1.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,775 | €109 | €107 | €2,696 | €199 | ▼ 92.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €108,777 | €94,638 | €163,447 | €130,617 | €143,475 | €125,337 | €127,341 | €130,753 | ▲ 2.7% |
| Equity10/15 | €80,674 | €82,143 | €83,110 | €111,332 | €94,183 | €96,923 | €97,420 | €117,371 | ▲ 20.5% |
| Contributions10/11 | €3,000 | - | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €77,674 | €77,674 | €77,674 | €77,674 | €90,524 | €93,265 | €93,762 | €113,712 | ▲ 21.3% |
| Distributable reserves133 | - | - | - | €77,674 | €90,524 | €93,265 | €93,762 | €113,712 | ▲ 21.3% |
| Profit (loss) carried forward14 | - | €1,469 | €2,437 | €30,658 | €658 | €658 | €658 | €658 | = |
| Amounts payable17/49 | €28,103 | €12,495 | €80,337 | €19,285 | €49,292 | €28,414 | €29,921 | €13,383 | ▼ 55.3% |
| Amounts payable within one year42/48 | €25,694 | €12,495 | €80,337 | €19,285 | €49,292 | €28,414 | €29,838 | €13,323 | ▼ 55.3% |
| Financial debts43 | - | - | - | - | €40 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €40 | - | - | - | - |
| Trade debts44 | €1,701 | €1,499 | €19,521 | €12,931 | €12,762 | €1,230 | €5,476 | €6,163 | ▲ 12.5% |
| Suppliers440/4 | - | - | - | €12,931 | €12,762 | €1,230 | €5,476 | €6,163 | ▲ 12.5% |
| Taxes, remuneration and social security45 | - | - | - | €5,713 | €5,679 | €6,109 | €6,473 | €7,160 | ▲ 10.6% |
| Taxes450/3 | - | - | - | €5,713 | €5,679 | €6,109 | €6,473 | €7,160 | ▲ 10.6% |
| Other amounts payable47/48 | - | - | - | €641 | €30,811 | €21,074 | €17,890 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €83 | €60 | ▼ 27.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,529 | €1,469 | €45,967 | €28,222 | €12,850 | €22,613 | €15,440 | €19,951 | ▲ 29.2% |
| + Depreciation and write-downs630 | €5,874 | €4,232 | €1,496 | €10,844 | €12,457 | €13,141 | €12,064 | €3,737 | ▼ 69.0% |
| Operating cash flow (approximation) | €32,403 | €5,701 | €47,464 | €39,066 | €25,308 | €35,754 | €27,503 | €23,687 | ▼ 13.9% |
| Investment in fixed assets (approximation) | - | -€1,692 | -€40,088 | -€4,871 | -€13,109 | €0 | -€963 | - | - |
| Change in cash | - | -€15,775 | €26,562 | -€20,278 | €14,263 | -€749 | -€4,707 | €855 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-03-2026 | 2026-00051832 | |
| 31-12-2024 | micro format | 28-05-2025 | 2025-00111602 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00142283 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00158646 | |
| 31-12-2021 | micro format | 20-05-2022 | 2022-20033590 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64500565 | |
| 31-12-2019 | micro format | 18-11-2020 | 2020-70900448 | |
| 31-12-2018 | micro format | 12-09-2019 | 2019-64200207 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61500429 | |
| 31-12-2016 | micro format | 30-09-2017 | 2017-66000594 |