PI-geons
ActiveSummary
PI-geons has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,683 and a net result of €32,881. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+94
Solvency38▲+20
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.47 in 2024; short-term debt: 86.7% and cash: 27.5% of total assets), and 86.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.3%
Return on assets
20.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
6 d late
2024
108 d early
2023
92 d early
2022
126 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 80 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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. Usually files around 23 April (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,683
2024 · -€11,198
Total assets
€163,344▲ 5.8%
2024 · €154,373
Net result
€32,881
2024 · -€27,700
Working capital
-€33,965▲ 61.5%
2024 · -€88,239
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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
Line2022202320242025
Operating result-€28,027-€24,834-€27,616€34,858
Net result-€28,128below the sector's middle half-€24,631within the sector's middle half-€27,700below the sector's middle half€32,881above the sector's middle half
Equity-€8,128below the sector's middle half-€16,502within the sector's middle half-€11,198below the sector's middle half€21,683within the sector's middle half
Total assets€244,635within the sector's middle half-€192,464within the sector's middle half▼ 21.3%€154,373within the sector's middle half▼ 19.8%€163,344within the sector's middle half▲ 5.8%
Debt€252,764-€175,962▼ 30.4%€165,571▼ 5.9%€141,661▼ 14.4%
Working capital-€44,291within the sector's middle half--€55,430within the sector's middle half▼ 25.2%-€88,239below the sector's middle half▼ 59.2%-€33,965within the sector's middle half▲ 61.5%
Solvency-3.3%below the sector's middle half-8.6%within the sector's middle half▲ 11.9pp-7.3%below the sector's middle half▼ 15.8pp13.3%within the sector's middle half▲ 20.5pp
Current ratio0.82within the sector's middle half-0.68within the sector's middle half▼ 0.140.47below the sector's middle half▼ 0.220.76within the sector's middle half▲ 0.29
Return on assets (ROA)-11.5%below the sector's middle half-12.8%above the sector's middle half▲ 24.3pp-17.9%below the sector's middle half▼ 30.7pp20.1%above the sector's middle half▲ 38.1pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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
The operating result returns to profit in 2025: €34,858 after a loss of €27,616 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163,344
Fixed assets
€55,648 ▼ 27.8%
Current assets
€107,696 ▲ 39.3%
Equity and liabilities €163,344
Equity
€21,683
Debt
€141,661
Debt finances 86.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€58,424▲
2024 · -€5,575
Cash flow
€56,447▲
2024 · -€5,659
Quick ratio
0.51▲
2024 · 0.19
Debt to equity
6.53▲
2024 · -14.79
ROE
151.6%
Interest coverage
885.75▲
2024 · -103.23
Debt ≤ 1 year
€141,661▼
2024 · €165,571
Income taxes
€1,952▲
2024 · €32
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 6,706 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,838 | €13,575 | €22,042 | €23,566 | ▲ 6.9% |
| Other operating charges640/8 | - | €132 | €296 | €651 | ▲ 120% |
| Gross operating margin9900 | -€14,190 | €38,541 | -€5,279 | €59,075 | ▲ 1,219% |
| Operating profit (loss)9901 | -€28,027 | €24,834 | -€27,616 | €34,858 | ▲ 226% |
| Financial income75/76B | - | €8 | €2 | €40 | ▲ 1,900% |
| Recurring financial income75 | - | €8 | €2 | €40 | ▲ 1,900% |
| Financial charges65/66B | €101 | €211 | €54 | €66 | ▲ 22.1% |
| Recurring financial charges65 | €101 | €211 | €54 | €66 | ▲ 22.1% |
| Profit (loss) for the period before taxes9903 | -€28,128 | €24,631 | -€27,668 | €34,832 | ▲ 226% |
| Income taxes67/77 | - | - | €32 | €1,952 | ▲ 5,965% |
| Profit (loss) for the period9904 | -€28,128 | €24,631 | -€27,700 | €32,881 | ▲ 219% |
| Profit (loss) for the period to be appropriated9905 | -€28,128 | €24,631 | -€27,700 | €32,881 | ▲ 219% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €244,635 | €192,464 | €154,373 | €163,344 | ▲ 5.8% |
| Fixed assets21/28 | €36,162 | €71,933 | €77,041 | €55,648 | ▼ 27.8% |
| Tangible fixed assets22/27 | €36,162 | €71,933 | €77,041 | €55,648 | ▼ 27.8% |
| Plant, machinery and equipment23 | €36,162 | €71,933 | €71,571 | €52,519 | ▼ 26.6% |
| Furniture and vehicles24 | - | - | €5,470 | €3,129 | ▼ 42.8% |
| Current assets29/58 | €208,473 | €120,532 | €77,332 | €107,696 | ▲ 39.3% |
| Stocks and contracts in progress3 | €34,500 | €39,750 | €46,575 | €36,050 | ▼ 22.6% |
| Stocks30/36 | €34,500 | €39,750 | €46,575 | €36,050 | ▼ 22.6% |
| Amounts receivable within one year40/41 | €4,456 | €2,384 | €21,917 | €26,275 | ▲ 19.9% |
| Trade receivables40 | €1,664 | €163 | €21,717 | €26,075 | ▲ 20.1% |
| Other amounts receivable41 | €2,792 | €2,221 | €200 | €200 | = |
| Cash at bank and in hand54/58 | €169,267 | €78,109 | €7,548 | €44,892 | ▲ 495% |
| Deferred charges and accrued income490/1 | €250 | €288 | €1,293 | €479 | ▼ 63.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €244,635 | €192,464 | €154,373 | €163,344 | ▲ 5.8% |
| Equity10/15 | -€8,128 | €16,502 | -€11,198 | €21,683 | ▲ 294% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | - | - | €1,683 | - |
| Distributable reserves133 | - | - | - | €1,683 | - |
| Profit (loss) carried forward14 | -€28,128 | -€3,498 | -€31,198 | - | - |
| Amounts payable17/49 | €252,764 | €175,962 | €165,571 | €141,661 | ▼ 14.4% |
| Amounts payable within one year42/48 | €252,764 | €175,962 | €165,571 | €141,661 | ▼ 14.4% |
| Trade debts44 | €3,365 | €6,626 | €15,709 | €585 | ▼ 96.3% |
| Suppliers440/4 | €3,365 | €6,626 | €15,709 | €585 | ▼ 96.3% |
| Taxes, remuneration and social security45 | €22 | €0 | €10,526 | €12,696 | ▲ 20.6% |
| Taxes450/3 | €22 | €0 | €10,526 | €12,696 | ▲ 20.6% |
| Other amounts payable47/48 | €249,377 | €169,336 | €139,336 | €128,380 | ▼ 7.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,128 | €24,631 | -€27,700 | €32,881 | ▲ 219% |
| + Depreciation and write-downs630 | €13,838 | €13,575 | €22,042 | €23,566 | ▲ 6.9% |
| Operating cash flow (approximation) | -€14,291 | €38,206 | -€5,659 | €56,447 | ▲ 1,098% |
| Investment in fixed assets (approximation) | - | -€49,346 | -€27,150 | -€2,173 | ▲ 92.0% |
| Change in cash | - | -€91,158 | -€70,561 | €37,344 | ▲ 153% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Back to profitnet €32,881
Net result €32,881 after one loss-making year.
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €24,631
Net result €24,631 after one loss-making year.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Brakel · 1 establishment unit since 2021
Ground area
512 m²
Building footprint
127 m²
Volume, LiDAR
910 m³
Parcel 45028A1556/00X000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PI-geons
since 20212.321.039.754
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45028A1556/00X000 | Flanders | 512 m² | 1 · 127 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,705 companies in sector 01480 we hold annual accounts for 161. 100 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
Founded13-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
01480Raising of other animals
46110Wholesale trade
46231Wholesale of live animals
46232Wholesale trade
82990Other business support services
93129Activities of other sports clubs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772539969
Also
9925:BE0772539969
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.