P-PITE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-04-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,731, after a profit of €5,875 in 2024. It is the lowest result since 2023.
Staff
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.5 |
| Average over the year, in full-time equivalents | 0.6 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2024 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | - | €3,391 |
| Financial fixed assets | €4,500 | - | - |
| Depreciation and write-downs of the year | - | - | €1,130 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €80,802 | €135,880 | €111,381 | ▼ 18.0% |
| Goods, raw materials, services and sundry goods60/61 | €79,810 | €114,589 | €101,928 | ▼ 11.0% |
| Remuneration, social security and pensions62 | - | €15,068 | €13,054 | ▼ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,130 | - |
| Other operating charges640/8 | - | €120 | - | - |
| Gross operating margin9900 | €991 | €21,063 | €9,453 | ▼ 55.1% |
| Operating profit (loss)9901 | €991 | €5,875 | -€4,731 | - |
| Financial charges65/66B | €44 | - | €100 | - |
| Recurring financial charges65 | €44 | - | €100 | - |
| Profit (loss) for the period before taxes9903 | €948 | €5,875 | -€4,831 | - |
| Income taxes67/77 | - | - | €1,781 | - |
| Profit (loss) for the period9904 | €948 | €5,875 | -€6,612 | - |
| Profit (loss) for the period to be appropriated9905 | €948 | €5,875 | -€6,612 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €45,358 | €68,305 | €69,701 | ▲ 2.0% |
| Fixed assets21/28 | €4,500 | €4,500 | €6,761 | ▲ 50.3% |
| Tangible fixed assets22/27 | - | - | €2,261 | - |
| Furniture and vehicles24 | - | - | €2,261 | - |
| Financial fixed assets28 | €4,500 | €4,500 | €4,500 | = |
| Current assets29/58 | €40,858 | €63,805 | €62,939 | ▼ 1.4% |
| Stocks and contracts in progress3 | €18,300 | €23,200 | €26,900 | ▲ 15.9% |
| Stocks30/36 | €18,300 | €23,200 | €26,900 | ▲ 15.9% |
| Amounts receivable within one year40/41 | €79 | €1,307 | €7,716 | ▲ 490% |
| Trade receivables40 | - | €1,307 | €6,317 | ▲ 383% |
| Other amounts receivable41 | €79 | - | €1,399 | - |
| Cash at bank and in hand54/58 | €22,479 | €33,898 | €28,323 | ▼ 16.4% |
| Deferred charges and accrued income490/1 | - | €5,400 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €45,358 | €68,305 | €69,701 | ▲ 2.0% |
| Equity10/15 | €15,948 | €21,823 | €15,210 | ▼ 30.3% |
| Reserves13 | €15,000 | €15,000 | €15,000 | = |
| Non-distributable reserves130/1 | €15,000 | €15,000 | €15,000 | = |
| Reserves not available under the articles1311 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €948 | €6,823 | €210 | ▼ 96.9% |
| Amounts payable17/49 | €29,411 | €46,483 | €54,490 | ▲ 17.2% |
| Amounts payable within one year42/48 | €29,411 | €46,483 | €54,490 | ▲ 17.2% |
| Trade debts44 | - | €11,668 | - | - |
| Suppliers440/4 | - | €11,668 | - | - |
| Taxes, remuneration and social security45 | €3,818 | €7,519 | €12,516 | ▲ 66.5% |
| Taxes450/3 | €3,818 | €1,361 | €4,628 | ▲ 240% |
| Remuneration and social security454/9 | - | €6,158 | €7,888 | ▲ 28.1% |
| Other amounts payable47/48 | €25,592 | €27,296 | €41,974 | ▲ 53.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €948 | €5,875 | -€6,612 | - |
| + Depreciation and write-downs630 | - | - | €1,130 | - |
| Operating cash flow (approximation) | €948 | €5,875 | -€5,482 | - |
| Investment in fixed assets (approximation) | - | €0 | -€3,391 | - |
| Change in cash | - | €11,419 | -€5,576 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,271 companies had the same profile as P-PITE has now. Two years later, 93.5% were still going and 4.1% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of P-PITE itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,271 companies, not a prediction for P-PITE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.