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PI-GROUP

Active
Private limited companyfounded 200818 yrs activeGroenbek 29, 8790 Waregem, BelgiumKBO/BCE: BE 0897.243.070
Summary

PI-GROUP has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €421 and a net result of -€121. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 17220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability35▼-6
Solvency28▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
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Signals

Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
3.2%
Return on assets
-0.9%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17220 sector peers (2025).
NBB · sector comparison
Position among 17220 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-10-2025, 117 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
117 d early
2024
119 d early
2023
125 d early
2022
148 d early
2021
139 d early
2020
143 d early
2019
129 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 131 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 28 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close29-09-2026 today31-01-2027 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 11 April 2008, PI-GROUP was incorporated.1 Total assets went from EUR 10,964 in 2019 to EUR 13,213 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€421▼ 22.3%
2024 · €542
Total assets
€13,213▲ 3.5%
2024 · €12,765
Net result
-€121
2024 · €155
Working capital
€421▼ 22.3%
2024 · €542
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20212022202320242025
Operating result-€53▼ 2,569%€24-€128€179-€97
Net result-€73below the sector's middle half▼ 263%€3below the sector's middle half-€149below the sector's middle half€155below the sector's middle half-€121below the sector's middle half
Equity€533below the sector's middle half▼ 12.0%€535below the sector's middle half▲ 0.5%€387below the sector's middle half▼ 27.8%€542below the sector's middle half▲ 40.0%€421below the sector's middle half▼ 22.3%
Total assets€533below the sector's middle half▼ 12.0%€535below the sector's middle half▲ 0.5%€12,438below the sector's middle half▲ 2,223%€12,765below the sector's middle half▲ 2.6%€13,213below the sector's middle half▲ 3.5%
Debt€12,051€12,223▲ 1.4%€12,792▲ 4.7%
Working capital€387below the sector's middle half€542below the sector's middle half▲ 40.0%€421below the sector's middle half▼ 22.3%
Solvency3.1%below the sector's middle half4.2%below the sector's middle half▲ 1.1pp3.2%below the sector's middle half▼ 1.1pp
Current ratio1.03below the sector's middle half1.04below the sector's middle half▲ 0.011.03below the sector's middle half▼ 0.01
Return on assets (ROA)-1.2%below the sector's middle half1.2%below the sector's middle half▲ 2.4pp-0.9%below the sector's middle half▼ 2.1pp
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
-€200-€100€0€100€200Operating result 2021: -€53-€53Net result 2021: -€73-€73Operating result 2022: €24€24Net result 2022: €3€3Operating result 2023: -€128-€128Net result 2023: -€149-€149Operating result 2024: €179€179Net result 2024: €155€155Operating result 2025: -€97-€97Net result 2025: -€121-€12120212022202320242025-€200-€100€0€100€200Operating result 2023: -€128-€128Net result 2023: -€149-€149Operating result 2024: €179€179Net result 2024: €155€155Operating result 2025: -€97-€97Net result 2025: -€121-€121202320242025
The operating result turns negative in 2025: a loss of €97 after €179 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €13,213
Equity €421 ▼ 22.3%
Debt €12,792 ▲ 4.7%
Debt's share of the balance-sheet total rises from 95.8% to 96.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€12,792▲
2024 · €12,223
Equity ratios withheld: equity of €421 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.

Peer companies

Historical observation

Of the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.9% went bankrupt
2.9% stopped otherwise
94% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,037 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 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€12,765€13,213▲
Current assets29/58€12,765€13,213▲
Amounts receivable within one year40/41€4,599€4,717▲
Trade receivables40€4,403€4,566▲
Other amounts receivable41€196€151▼
Cash at bank and in hand54/58€8,165€8,496▲
Equity and liabilities
Total equity and liabilities10/49€12,765€13,213▲
Equity10/15€542€421▼
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14-€5,658-€5,779▼
Amounts payable17/49€12,223€12,792▲
Amounts payable within one year42/48€12,223€12,792▲
Trade debts44€12,223€12,627▲
Suppliers440/4€12,223€12,627▲
Taxes, remuneration and social security45-€165
Taxes450/3-€165
Income statement Code20242025
Other operating charges640/8€90€612▲
Gross operating margin9900€269€515▲
Operating profit (loss)9901€179-€97▼
Financial charges65/66B€24€24=
Recurring financial charges65€24€24=
Profit (loss) for the period before taxes9903€155-€121▼
Profit (loss) for the period9904€155-€121▼
Profit (loss) for the period to be appropriated9905€155-€121▼
Appropriation of the result
Profit (loss) to be appropriated9906-€5,658-€5,779▼
Profit (loss) brought forward from the previous period14P-€5,813-€5,658▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€459€460€90€612▲ 582%
Gross operating margin9900€403€483€332€269€515▲ 91.9%
Operating profit (loss)9901-€53€24-€128€179-€97▼ 154%
Financial charges65/66B-€22€21€24€24=
Recurring financial charges65€19€22€21€24€24=
Profit (loss) for the period before taxes9903-€73€3-€149€155-€121▼ 178%
Profit (loss) for the period9904-€73€3-€149€155-€121▼ 178%
Profit (loss) for the period to be appropriated9905-€73€3-€149€155-€121▼ 178%
Line20212022202320242025Change
Assets
Total assets20/58€533€535€12,438€12,765€13,213▲ 3.5%
Current assets29/58€533€535€12,438€12,765€13,213▲ 3.5%
Amounts receivable within one year40/41€140€104€4,533€4,599€4,717▲ 2.6%
Trade receivables40--€4,308€4,403€4,566▲ 3.7%
Other amounts receivable41-€104€225€196€151▼ 22.9%
Cash at bank and in hand54/58€393€432€7,906€8,165€8,496▲ 4.0%
Equity and liabilities
Total equity and liabilities10/49€533€535€12,438€12,765€13,213▲ 3.5%
Equity10/15€533€535€387€542€421▼ 22.3%
Contributions10/11-€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14-€5,667-€5,665-€5,813-€5,658-€5,779▼ 2.1%
Amounts payable17/49--€12,051€12,223€12,792▲ 4.7%
Amounts payable within one year42/48--€12,051€12,223€12,792▲ 4.7%
Trade debts44--€12,051€12,223€12,627▲ 3.3%
Suppliers440/4--€12,051€12,223€12,627▲ 3.3%
Taxes, remuneration and social security45----€165-
Taxes450/3----€165-
Line20212022202320242025Change
Profit (loss) for the period9904-€73€3-€149€155-€121▼ 178%
Operating cash flow (approximation)-€73€3-€149€155-€121▼ 178%
Change in cash-€39€7,474€260€331▲ 27.2%

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 31-01-2027
2025
06-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
04-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial Back to profitnet €155
Net result €155 after one loss-making year.
2023
28-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial Weakest financial yearnet -€149
Net result drops to -€149, the lowest in the series; recovery starts the following year.
2022
05-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial Back to profitnet €3
Net result €3 after 3 loss-making years.
2021
14-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
10-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
24-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
13-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
06-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-09
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.
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, Waregem · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
2,108 m²
Building footprint
711 m²
Parcel 34453E0205/00R006, Flanders. Linked by address, not a title deed.
11 companies at this address See who is registered here
1 establishment unit
PI-Group
Groenbek 29, 8790 WaregemComputer programming, consultancy and related activities
since 20082.170.336.002
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34453E0205/00R006 Flanders 2,108 m² 1 · 711 m² -
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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 998 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
Founded11-04-2008
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID 0208:0897243070

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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