Pi-Kwadraat
ActivePi-Kwadraat has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-54k) and a net result of €-60k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
29
/ 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▼-59
Solvency0▼-33
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.37 in 2024; short-term debt: 153.3% and cash: 5.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
-53.3%
Return on assets
-58.3%
Age of the figures
9 mo
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 €-54k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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
47 d late
2024
27 d late
2023
61 d late
2022
31 d late
2021
4 d early
2020
89 d late
2019
54 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-54k
2024 · €5k
2018: €33k
2019: €36k
2020: €50k
2021: €54k
2022: €-2k
2023: €10k
2024: €5k
2018 → 2025
Total assets
€102k▲ 61.0%
2024 · €63k
2018: €44k
2019: €53k
2020: €62k
2021: €67k
2022: €58k
2023: €58k
2024: €63k
2018 → 2025
Net result
€-60k▼ 1,078%
2024 · €-5k
2018: €3k
2019: €3k
2020: €13k
2021: €5k
2022: €4k
2023: €12k
2024: €-5k
2018 → 2025
Working capital
€-140k▼ 283%
2024 · €-37k
2018: €26k
2019: €24k
2020: €43k
2021: €53k
2022: €-4k
2023: €-24k
2024: €-37k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€-2k€10k€5k▼ 49.6%€-54k
Operating result€5k-€5k▼ 10.6%€14k▲ 190%€-4k€-59k▼ 1,465%
Net result€5k-€4k▼ 3.8%€12k▲ 167%€-5k€-60k▼ 1,078%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €59k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€86k▲ 106%
Current assets
€16k▼ 25.1%
Key figures and ratios
EBITDA
€-46k▼
2024 · €4k
Cash flow
€-47k▼
2024 · €2k
Solvency
-53.3%▼
2024 · 8.1%
Current ratio
0.10▼
2024 · 0.37
Quick ratio
0.10▼
2024 · 0.37
Debt / equity
-2.88▼
2024 · 11.35
ROA
-58.3%▼
2024 · -8.0%
Interest coverage
-274.67▼
2024 · 23.28
Debt
€157k▲
2024 · €58k
Debt ≤ 1 year
€157k▲
2024 · €58k
Income taxes
€226▼
2024 · €1k
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€63k€102k▲
Fixed assets21/28€42k€86k▲
Tangible fixed assets22/27€42k€86k▲
Land and buildings22€15k€67k▲
Furniture and vehicles24€27k€19k▼
Current assets29/58€22k€16k▼
Amounts receivable within one year40/41€10k€10k▲
Trade receivables40€5k€7k▲
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€12k€6k▼
Equity and liabilities
Total equity and liabilities10/49€63k€102k▲
Equity10/15€5k€-54k▼
Contributions10/11€19k€19k=
Reserves13€27k€0▼
Distributable reserves133€27k€0▼
Profit (loss) carried forward14€-40k€-73k▼
Amounts payable17/49€58k€157k▲
Amounts payable within one year42/48€58k€157k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€3k€16k▲
Taxes450/3€3k€7k▲
Remuneration and social security454/9-€10k
Other amounts payable47/48€50k€133k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€13k▲
Other operating charges640/8€141€607▲
Gross operating margin9900€4k€-46k▼
Operating profit (loss)9901€-4k€-59k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€160€168▲
Recurring financial charges65€160€168▲
Profit (loss) for the period before taxes9903€-4k€-59k▼
Income taxes67/77€1k€226▼
Profit (loss) for the period9904€-5k€-60k▼
Profit (loss) for the period to be appropriated9905€-5k€-60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-100k▼
Profit (loss) brought forward from the previous period14P€-35k€-40k▼
Transfer from equity791/2-€27k
The notes to these accounts (11 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
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
31-12
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Highest result since 2018net €13k ▲341%
Operating result €14k, net result €13k, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2008
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.
Slootwede 49050 GentGround area
346 m²
Building footprint
89 m²
Volume, LiDAR
578 m³
Parcel 44022A0074/00V000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PiKwadraat
since 20082.173.661.518
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44022A0074/00V000 | Flanders | 346 m² | 1 · 89 m² | 8.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,750 EUR awarded · 1,750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,199 EUR | 1,199 EUR |
| 2022 | 1 | 551 EUR | 551 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,750 companies in sector 68310 we hold annual accounts for 6,907. 2,039 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2008
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:petraneyt@pandora.be
Phone:0497/209244