PI BOUW

Open bankruptcy

Private limited companyfounded 2019Bedrijfsstraat 13A, 3500 Hasselt, BelgiumKBO/BCE: BE 0726.897.709

A bankruptcy procedure is open for PI BOUW according to publications in the Belgian State Gazette. The 2025 annual accounts show negative equity (€-21k) and a net result of €-29k.

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

202122232425

2020 to 2025 · latest year €-21k

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 7 filings

Deviation from the deadline

2025

21 d late

2024

56 d late

2023

29 d early

2022

24 d early

2021

31 d early

2020

33 d early

2019

2 d early

← before the deadline after the deadline →

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

18-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€-21k

2024 · €8k

2020: €69k 2021: €17k 2022: €34k 2023: €43k 2024: €8k

2020 → 2025

Total assets

€39k▼ 24.7%

2024 · €51k

2020: €220k 2021: €105k 2022: €125k 2023: €107k 2024: €51k

2020 → 2025

Net result

€-29k▲ 18.6%

2024 · €-35k

2020: €42k 2021: €-52k 2022: €16k 2023: €9k 2024: €-35k

2020 → 2025

Working capital

€-18k

2024 · €6k

2020: €80k 2021: €19k 2022: €34k 2023: €37k 2024: €6k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€17k-€34k▲ 94.0%€43k▲ 27.0%€8k▼ 82.3%€-21k

Operating result€-56k-€17k€10k▼ 38.3%€-34k€-28k▲ 16.5%

Net result€-52k-€16k€9k▼ 44.3%€-35k€-29k▲ 18.6%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €28k in 2025 against €34k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €39k

21.2%

78.8%

Fixed assets €8k▼ 35.1%

Current assets €30k▼ 21.3%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-26k▲

2024 · €-29k

Cash flow

€-26k▲

2024 · €-30k

Solvency

-54.5%▼

2024 · 14.7%

Current ratio

0.63▼

2024 · 1.18

Quick ratio

0.63▼

2024 · 1.18

Debt / equity

-2.84▼

2024 · 5.82

ROA

-74.0%▼

2024 · -68.4%

Interest coverage

-136.60▼

2024 · -31.09

Debt

€60k▲

2024 · €44k

Debt ≤ 1 year

€49k▲

2024 · €33k

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€51k€39k▼

Fixed assets21/28€13k€8k▼

Tangible fixed assets22/27€10k€6k▼

Plant, machinery and equipment23€246-

Furniture and vehicles24€2k-

Other tangible fixed assets26€8k€6k▼

Financial fixed assets28€3k€3k=

Current assets29/58€39k€30k▼

Amounts receivable within one year40/41€29k€27k▼

Trade receivables40€27k€27k▼

Other amounts receivable41€2k€422▼

Cash at bank and in hand54/58€6k€161▼

Deferred charges and accrued income490/1€4k€3k▼

Equity and liabilities

Total equity and liabilities10/49€51k€39k▼

Equity10/15€8k€-21k▼

Contributions10/11€25k€25k=

Outside capital11€25k€25k=

Other1109/19€25k€25k=

Reserves13€18k€18k=

Distributable reserves133€18k€18k=

Profit (loss) carried forward14€-35k€-64k▼

Amounts payable17/49€44k€60k▲

Amounts payable within one year42/48€33k€49k▲

Trade debts44€31k€34k▲

Suppliers440/4€31k€34k▲

Taxes, remuneration and social security45€860€526▼

Taxes450/3€860€526▼

Other amounts payable47/48€901€14k▲

Accrued charges and deferred income492/3€11k€11k=

Income statement Code20242025

Non-recurring operating income76A-€700

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼

Other operating charges640/8€721€4k▲

Gross operating margin9900€-28k€-22k▲

Operating profit (loss)9901€-34k€-28k▲

Financial income75/76B€70€4▼

Recurring financial income75€70€4▼

Financial charges65/66B€917€190▼

Recurring financial charges65€917€190▼

Profit (loss) for the period before taxes9903€-35k€-29k▲

Income taxes67/77€279-

Profit (loss) for the period9904€-35k€-29k▲

Profit (loss) for the period to be appropriated9905€-35k€-29k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-35k€-64k▼

Profit (loss) brought forward from the previous period14P-€-35k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 10Signals 1Financial 2Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

16-09

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · PI BOUW BV BEDRIJFS- STRAAT 13A, 3500 HASSELT · event 10-09-2026

21-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 21 days late

2025

25-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 56 days late

2024

02-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

07-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €16k

Net result €16k after one loss-making year.

30-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-52k ▼223%

Net result drops to €-52k, the lowest in the series.

28-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

29-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Hasselt · 2 establishment units since 2019

establishment All 2 establishment units on the map

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.

Bedrijfsstraat 13A3500 Hasselt

Ground area

4,003 m²

Building footprint

826 m²

Volume, LiDAR

1,416 m³

3 parcels, Flanders, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

PI BOUW

Bosvijverstraat 19, 3511 HasseltSite preparation

since 20192.289.435.768

PI BOUW

Bêche 10, 6690 VielsalmSite preparation

since 20242.359.691.581

3 parcels

Flanders 2 (66.7%) Wallonia 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
82032K0133/00N000	Wallonia	1,838 m²	1 · 209 m²	-
71322A0282/00R000	Flanders	1,267 m²	1 · 492 m²	7.8 m
71032B0627/00X002	Flanders	898 m²	1 · 124 m²	7.5 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

3 mandates

Role	Name	Tenure
Curator	JOHAN DEHAESE LUIKERSTEENWEG 187, 3500 HASSELT	10-09-2026 → present
Curator	LIEVE DEHAESE LUIKERSTEENWEG 187, 3500 HASSELT	10-09-2026 → present
Curator	JESSIE DECKMYN LUIKERSTEENWEG 187, 3500 HASSELT-	10-09-2026 → present