PI HOLDINGS
InactivePI HOLDINGS was declared bankrupt on 21-01-2025 (Ondernemingsrechtbank Brussel); the bankruptcy declaration was reversed, published in the Belgian State Gazette on 27-05-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2025.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
181920212223242425
2018 to 2025 · latest year €-16k
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 26-03-2026, 96 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
96 d early
2024
27 d late
2024
68 d late
2023
27 d late
2022
16 d late
2021
30 d late
2020
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 79.7%
2024 · €20k
2018: €120k
2019: €132k
2020: €90k
2021: €50k
2022: €28k
2023: €24k
2024: €20k
2024: €20k
2018 → 2025
Total assets
€13k▼ 34.1%
2024 · €20k
2018: €207k
2019: €190k
2020: €148k
2021: €130k
2022: €74k
2023: €74k
2024: €74k
2024: €20k
2018 → 2025
Net result
€-16k▼ 122,514%
2024 · €-13
2018: €-24k
2019: €12k
2020: €48k
2021: €19
2022: €-22k
2023: €-4k
2024: €-4k
2024: €-13
2018 → 2025
Working capital
€4k▼ 77.4%
2024 · €18k
2018: €148k
2019: €140k
2020: €88k
2021: €48k
2022: €26k
2023: €22k
2024: €18k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420242025Trend
Equity€28k-€24k▼ 15.0%€20k▼ 17.9%€20k▼ 0.1%€4k▼ 79.7%
Operating result€-20k-€-2k▲ 92.1%€-1k▲ 24.1%€0€-13k
Net result€-22k-€-4k▲ 80.5%€-4k▼ 1.7%€-13▲ 99.7%€-16k▼ 122,514%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
Equity and liabilities €13k
Equity
€4k
Debt
€9k
Debt finances 69.2% of the balance-sheet total.
Key figures and ratios
Solvency
30.8%▼
2024 · 100.0%
Current ratio
1.44
Quick ratio
1.44
Debt / equity
2.25▲
2024 · 0.00
ROE
-393.1%▼
2024 · -0.1%
ROA
-120.9%▼
2024 · -0.1%
Debt
€9k▲
2024 · €0
Debt ≤ 1 year
€9k▲
2024 · €0
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€20k€13k▼
Fixed assets21/28€2k€0▼
Financial fixed assets28€2k€0▼
Current assets29/58€18k€13k▼
Amounts receivable within one year40/41€13k€0▼
Other amounts receivable41€13k€0▼
Cash at bank and in hand54/58€4k€13k▲
Equity and liabilities
Total equity and liabilities10/49€20k€13k▼
Equity10/15€20k€4k▼
Contributions10/11€6k€6k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€-9k€-25k▼
Amounts payable17/49€0€9k▲
Amounts payable within one year42/48€0€9k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€0€9k▲
Suppliers440/4€0€9k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Other operating charges640/8€0-
Gross operating margin9900€0€-13k▼
Operating profit (loss)9901€0€-13k▼
Financial charges65/66B€13€3k▲
Recurring financial charges65€13€553▲
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€-13€-16k▼
Profit (loss) for the period9904€-13€-16k▼
Profit (loss) for the period to be appropriated9905€-13€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-25k▼
Profit (loss) brought forward from the previous period14P€-9k€-9k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
27-05
Bankruptcy
Bankruptcy reversal
PI HOLDINGS BV, ondernemings- nummer 0537.286.265
27-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · PI HOLDINGS BV VREDE- LAAN 6, 1640 SINT-GENESIUS-RODE · event 21-01-2025
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €48k ▲302%
Operating result €48k, net result €48k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRANDAAN MOMBAERS LAKENSESTRAAT 154/11,
1000 BRUSSEL 1 |
21-01-2025 → present |