Pi Development
ActiveSummary
Pi Development has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4k) and a net result of €-1k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-12
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
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
Sector 68
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
54 d late
2023
29 d late
2022
31 d late
2021
123 d late
2020
61 d late
2019
90 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-4k▼ 43.0%
2024 · €-3k
2018: €-14k
2019: €-11k
2020: €-15k
2021: €-17k
2022: €14k
2023: €-2k
2024: €-3k
2018 → 2025
Total assets
€3k▼ 71.8%
2024 · €10k
2018: €9k
2019: €3k
2020: €106
2021: €1k
2022: €31k
2023: €17k
2024: €10k
2018 → 2025
Net result
€-1k▼ 29.0%
2024 · €-1k
2018: €2k
2019: €3k
2020: €-4k
2021: €-2k
2022: €31k
2023: €-17k
2024: €-1k
2018 → 2025
Working capital
€-4k▼ 43.0%
2024 · €-3k
2018: €-14k
2019: €-11k
2020: €-15k
2021: €-17k
2022: €14k
2023: €-2k
2024: €-3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-17k-€14k€-2k€-3k▼ 50.0%€-4k▼ 43.0%
Operating result€-1k-€33k€-15k€303€92▼ 69.5%
Net result€-2k-€31k€-17k€-1k▲ 93.7%€-1k▼ 29.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024.
Key figures and ratios
Debt
€7k▼
2024 · €13k
Debt ≤ 1 year
€7k▼
2024 · €13k
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10k€3k▼
Current assets29/58€10k€3k▼
Amounts receivable within one year40/41€10k€3k▼
Trade receivables40€675-
Other amounts receivable41€9k€3k▼
Equity and liabilities
Total equity and liabilities10/49€10k€3k▼
Equity10/15€-3k€-4k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-23k€-24k▼
Amounts payable17/49€13k€7k▼
Amounts payable within one year42/48€13k€7k▼
Financial debts43€10k€3k▼
Credit institutions430/8€10k€3k▼
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€486€1k▲
Remuneration and social security454/9€2k€2k=
Income statement
Code20242025
Other operating charges640/8€1k€544▼
Gross operating margin9900€2k€636▼
Operating profit (loss)9901€303€92▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-1k€-1k▼
Profit (loss) for the period9904€-1k€-1k▼
Profit (loss) for the period to be appropriated9905€-1k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-24k▼
Profit (loss) brought forward from the previous period14P€-22k€-23k▼
The notes to these accounts (1 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 54 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
31-12
Financial
Liquidity times 30current ratio 1.89
Current ratio from 0.06 to 1.89; short-term debt falls from €18k to €16k.
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 123 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2006
Ground area
1,004 m²
Building footprint
284 m²
Volume, LiDAR
1,494 m³
Parcel 44502C1049/00P000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Pi Development
since 20062.156.278.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C1049/00P000 | Flanders | 1,004 m² | 1 · 284 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.
Similar companies · same sector, comparable size
IMMO LES TAILLES
BE 0866.751.121
Houffalize · Eq €14,466
BUCON
BE 0861.793.431
Aalst · Eq €14,480
BOL D'AIR III
BE 0693.721.531
Ans · Eq €14,485
GEMA
BE 0798.267.735
Gesves · Eq €14,499
GLAIN PROJECTS
BE 0773.462.855
Hasselt · Eq €14,403
Of 9,693 companies in sector 68121 we hold annual accounts for 7,382. 3,599 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.