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Pascal Pierco

Active
Private limited companyfounded 20242 yrs activeOnze-Lieve-Vrouwlaan 38, 3300 Tienen, BelgiumKBO/BCE: BE 1007.104.379
Summary

Pascal Pierco has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,364 and a net result of €21,111. Its solvency ranks better than 88% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability99▼-1
Solvency100=
Growth52
Track record82
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 5.92 against 13.31 in 2024; short-term debt: 15.4% and cash: 53.9% of total assets), and 15.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
84.6%
Return on assets
24.3%
Age of the figures
9 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 08-07-2026, 23 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
23 d early
2024
22 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 March 2024, Pascal Pierco was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€73,364▲ 40.4%
2024 · €52,253
Total assets
€86,735▲ 54.7%
2024 · €56,050
Net result
€21,111▼ 59.2%
2024 · €51,753
Working capital
€65,844▲ 40.8%
2024 · €46,759
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€78,891-€35,127▼ 55.5%
Net result€51,753above the sector's middle half-€21,111within the sector's middle half▼ 59.2%
Equity€52,253within the sector's middle half-€73,364within the sector's middle half▲ 40.4%
Total assets€56,050below the sector's middle half-€86,735below the sector's middle half▲ 54.7%
Debt€3,797-€13,372▲ 252%
Working capital€46,759within the sector's middle half-€65,844within the sector's middle half▲ 40.8%
Solvency93.2%above the sector's middle half-84.6%above the sector's middle half▼ 8.6pp
Current ratio13.31above the sector's middle half-5.92above the sector's middle half▼ 7.39
Return on assets (ROA)92.3%above the sector's middle half-24.3%above the sector's middle half▼ 68.0pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000€80,000Operating result 2024: €78,891€78,891Net result 2024: €51,753€51,753Operating result 2025: €35,127€35,127Net result 2025: €21,111€21,11120242025€0€20,000€40,000€60,000€80,000Operating result 2024: €78,891€78,900Net result 2024: €51,753€51,800Operating result 2025: €35,127€35,100Net result 2025: €21,111€21,10020242025
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86,735
Fixed assets €7,519 ▲ 36.9%
Current assets €79,216 ▲ 56.7%
Equity and liabilities €86,735
Equity €73,364 ▲ 40.4%
Debt €13,372 ▲ 252%
Debt's share of the balance-sheet total rises from 6.8% to 15.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€38,027▼
2024 · €79,820
Cash flow
€24,012▼
2024 · €52,682
Debt to equity
0.18▲
2024 · 0.07
ROE
28.8%▼
2024 · 99.0%
Interest coverage
31.31▼
2024 · 63.41
Debt ≤ 1 year
€13,372▲
2024 · €3,797
Income taxes
€12,802▼
2024 · €25,879
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€56,050€86,735▲
Fixed assets21/28€5,494€7,519▲
Tangible fixed assets22/27€5,494€7,519▲
Plant, machinery and equipment23€413€683▲
Furniture and vehicles24€5,081€6,837▲
Current assets29/58€50,556€79,216▲
Amounts receivable within one year40/41€24,617€32,408▲
Trade receivables40€8,222€3,249▼
Other amounts receivable41€16,395€29,159▲
Cash at bank and in hand54/58€25,753€46,709▲
Deferred charges and accrued income490/1€185€99▼
Equity and liabilities
Total equity and liabilities10/49€56,050€86,735▲
Equity10/15€52,253€73,364▲
Contributions10/11€500€500=
Reserves13€51,753€72,864▲
Distributable reserves133€51,753€72,864▲
Amounts payable17/49€3,797€13,372▲
Amounts payable within one year42/48€3,797€13,372▲
Trade debts44€1,210€2,873▲
Suppliers440/4€1,210€2,873▲
Taxes, remuneration and social security45€879€879=
Taxes450/3€879€879=
Other amounts payable47/48€1,708€9,620▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€930€2,901▲
Other operating charges640/8€694€525▼
Gross operating margin9900€80,514€38,552▼
Operating profit (loss)9901€78,891€35,127▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€1,259€1,215▼
Recurring financial charges65€1,259€1,215▼
Profit (loss) for the period before taxes9903€77,632€33,913▼
Income taxes67/77€25,879€12,802▼
Profit (loss) for the period9904€51,753€21,111▼
Profit (loss) for the period to be appropriated9905€51,753€21,111▼
Appropriation of the result
Profit (loss) to be appropriated9906€51,753€21,111▼
Transfer to equity691/2€51,753€21,111▼
To other reserves6921€51,753€21,111▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€930€2,901▲ 212%
Other operating charges640/8€694€525▼ 24.3%
Gross operating margin9900€80,514€38,552▼ 52.1%
Operating profit (loss)9901€78,891€35,127▼ 55.5%
Financial income75/76B-€1-
Recurring financial income75-€1-
Financial charges65/66B€1,259€1,215▼ 3.5%
Recurring financial charges65€1,259€1,215▼ 3.5%
Profit (loss) for the period before taxes9903€77,632€33,913▼ 56.3%
Income taxes67/77€25,879€12,802▼ 50.5%
Profit (loss) for the period9904€51,753€21,111▼ 59.2%
Profit (loss) for the period to be appropriated9905€51,753€21,111▼ 59.2%
Line20242025Change
Assets
Total assets20/58€56,050€86,735▲ 54.7%
Fixed assets21/28€5,494€7,519▲ 36.9%
Tangible fixed assets22/27€5,494€7,519▲ 36.9%
Plant, machinery and equipment23€413€683▲ 65.2%
Furniture and vehicles24€5,081€6,837▲ 34.6%
Current assets29/58€50,556€79,216▲ 56.7%
Amounts receivable within one year40/41€24,617€32,408▲ 31.6%
Trade receivables40€8,222€3,249▼ 60.5%
Other amounts receivable41€16,395€29,159▲ 77.8%
Cash at bank and in hand54/58€25,753€46,709▲ 81.4%
Deferred charges and accrued income490/1€185€99▼ 46.2%
Equity and liabilities
Total equity and liabilities10/49€56,050€86,735▲ 54.7%
Equity10/15€52,253€73,364▲ 40.4%
Contributions10/11€500€500=
Reserves13€51,753€72,864▲ 40.8%
Distributable reserves133€51,753€72,864▲ 40.8%
Amounts payable17/49€3,797€13,372▲ 252%
Amounts payable within one year42/48€3,797€13,372▲ 252%
Trade debts44€1,210€2,873▲ 137%
Suppliers440/4€1,210€2,873▲ 137%
Taxes, remuneration and social security45€879€879=
Taxes450/3€879€879=
Other amounts payable47/48€1,708€9,620▲ 463%
Line20242025Change
Profit (loss) for the period9904€51,753€21,111▼ 59.2%
+ Depreciation and write-downs630€930€2,901▲ 212%
Operating cash flow (approximation)€52,682€24,012▼ 54.4%
Investment in fixed assets (approximation)--€4,926-
Change in cash-€20,956-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Tienen · 1 establishment unit since 2024
seat establishment approximate The establishment unit on the map
Ground area
2,987 m²
Building footprint
436 m²
Volume, LiDAR
6,332 m³
2 parcels, Flanders · tallest building 25.4 m, ±7 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Pierco Consulting
Postlaan 1 W 4, 3400 LandenReal estate agency activities
since 20242.356.973.603
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24059B0135/00F006 Flanders 1,803 m² 1 · 304 m² 25.4 m · 7 fl.
24015M0178/00G002 Flanders 1,183 m² 1 · 132 m² 9.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

Of 3,761 companies in sector 68321 we hold annual accounts for 1,394. 951 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-03-2024
Fiscal year end31-12
Trade name NL Pierco Consulting
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007104379
Also 9925:BE1007104379
Registered 04-11-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.