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pi-ProductivITy

Active
Private limited companyfounded 20224 yrs activeGevaertlaan 177, 2260 Westerlo, BelgiumKBO/BCE: BE 0784.487.302
Summary

pi-ProductivITy has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€7,562) and a net result of -€5,341. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability59▲+1
Solvency14▼-8
Growth58
Track record94
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.82 against 0.64 in 2023; short-term debt: 20.5% and cash: 17% of total assets), but equity is negative.
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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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
-11.3%
Return on assets
-8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
46 d early
2024
41 d early
2023
36 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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 20 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 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

Pi-ProductivITy was incorporated on 5 April 2022 as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

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

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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet

Equity
-€7,562▼ 241%
2023 · -€2,221
Total assets
€66,660▼ 4.0%
2023 · €69,404
Net result
-€5,341▲ 14.1%
2023 · -€6,221
Working capital
€11,172
2023 · -€11,226
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€6,090--€5,094▲ 16.4%
Net result-€6,221below the sector's middle half--€5,341below the sector's middle half▲ 14.1%
Equity-€2,221below the sector's middle half--€7,562below the sector's middle half▼ 241%
Total assets€69,404within the sector's middle half-€66,660within the sector's middle half▼ 4.0%
Debt€71,625-€74,223▲ 3.6%
Working capital-€11,226below the sector's middle half-€11,172within the sector's middle half
Solvency-3.2%below the sector's middle half--11.3%below the sector's middle half▼ 8.1pp
Current ratio0.64below the sector's middle half-1.82within the sector's middle half▲ 1.17
Return on assets (ROA)-9.0%below the sector's middle half--8.0%below the sector's middle half▲ 1.0pp
above within below the middle half (P25 to P75) of NACE 85, Education, 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
-€8,000-€6,000-€4,000-€2,000€0Operating result 2023: -€6,090-€6,090Net result 2023: -€6,221-€6,221Operating result 2024: -€5,094-€5,094Net result 2024: -€5,341-€5,34120232024-€8,000-€6,000-€4,000-€2,000€0Operating result 2023: -€6,090-€6,090Net result 2023: -€6,221-€6,220Operating result 2024: -€5,094-€5,090Net result 2024: -€5,341-€5,34020232024
The operating result stays negative: a loss of €5,094 in 2024 against €6,090 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €66,660
Fixed assets €41,797 ▼ 14.9%
Current assets €24,863 ▲ 22.6%
Equity and liabilities
Equity-€7,562
Debt€74,223
Equity is negative: debt (€74,223) exceeds the balance-sheet total (€66,660).
Key figures and ratios
2024 value · change against 2023
EBITDA
€7,157▲
2023 · €1,114
Cash flow
€6,909▲
2023 · €983
Interest coverage
70.06▲
2023 · 13.69
Debt ≤ 1 year
€13,691▼
2023 · €31,500
Debt > 1 year
€60,000▲
2023 · €40,000
Income taxes
€146▲
2023 · €50
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.6% went bankrupt
3.6% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,341 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% 1.8%
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 1,555 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 · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€69,404€66,660▼
Fixed assets21/28€49,130€41,797▼
Intangible fixed assets21€582€505▼
Tangible fixed assets22/27€48,548€41,292▼
Plant, machinery and equipment23€3,434€2,825▼
Furniture and vehicles24€45,114€38,467▼
Current assets29/58€20,274€24,863▲
Amounts receivable within one year40/41€8,238€6,814▼
Trade receivables40€8,119€4,536▼
Other amounts receivable41€119€2,278▲
Cash at bank and in hand54/58€9,910€11,314▲
Deferred charges and accrued income490/1€2,126€6,735▲
Equity and liabilities
Total equity and liabilities10/49€69,404€66,660▼
Equity10/15-€2,221-€7,562▼
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14-€6,221-€11,562▼
Amounts payable17/49€71,625€74,223▲
Amounts payable after more than one year17€40,000€60,000▲
Other amounts payable178/9€40,000€60,000▲
Amounts payable within one year42/48€31,500€13,691▼
Trade debts44€226€464▲
Suppliers440/4€226€464▲
Taxes, remuneration and social security45€4,075-
Taxes450/3€4,075-
Other amounts payable47/48€27,200€13,227▼
Accrued charges and deferred income492/3€125€532▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,204€12,251▲
Other operating charges640/8€164€203▲
Gross operating margin9900€1,278€7,360▲
Operating profit (loss)9901-€6,090-€5,094▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€81€102▲
Recurring financial charges65€81€102▲
Profit (loss) for the period before taxes9903-€6,171-€5,195▲
Income taxes67/77€50€146▲
Profit (loss) for the period9904-€6,221-€5,341▲
Profit (loss) for the period to be appropriated9905-€6,221-€5,341▲
Appropriation of the result
Profit (loss) to be appropriated9906-€6,221-€11,562▼
Profit (loss) brought forward from the previous period14P--€6,221

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,204€12,251▲ 70.1%
Other operating charges640/8€164€203▲ 23.7%
Gross operating margin9900€1,278€7,360▲ 476%
Operating profit (loss)9901-€6,090-€5,094▲ 16.4%
Financial income75/76B€0€1▲ 7,200%
Recurring financial income75€0€1▲ 7,200%
Financial charges65/66B€81€102▲ 25.5%
Recurring financial charges65€81€102▲ 25.5%
Profit (loss) for the period before taxes9903-€6,171-€5,195▲ 15.8%
Income taxes67/77€50€146▲ 194%
Profit (loss) for the period9904-€6,221-€5,341▲ 14.1%
Profit (loss) for the period to be appropriated9905-€6,221-€5,341▲ 14.1%
Line20232024Change
Assets
Total assets20/58€69,404€66,660▼ 4.0%
Fixed assets21/28€49,130€41,797▼ 14.9%
Intangible fixed assets21€582€505▼ 13.2%
Tangible fixed assets22/27€48,548€41,292▼ 14.9%
Plant, machinery and equipment23€3,434€2,825▼ 17.7%
Furniture and vehicles24€45,114€38,467▼ 14.7%
Current assets29/58€20,274€24,863▲ 22.6%
Amounts receivable within one year40/41€8,238€6,814▼ 17.3%
Trade receivables40€8,119€4,536▼ 44.1%
Other amounts receivable41€119€2,278▲ 1,811%
Cash at bank and in hand54/58€9,910€11,314▲ 14.2%
Deferred charges and accrued income490/1€2,126€6,735▲ 217%
Equity and liabilities
Total equity and liabilities10/49€69,404€66,660▼ 4.0%
Equity10/15-€2,221-€7,562▼ 241%
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14-€6,221-€11,562▼ 85.9%
Amounts payable17/49€71,625€74,223▲ 3.6%
Amounts payable after more than one year17€40,000€60,000▲ 50.0%
Other amounts payable178/9€40,000€60,000▲ 50.0%
Amounts payable within one year42/48€31,500€13,691▼ 56.5%
Trade debts44€226€464▲ 105%
Suppliers440/4€226€464▲ 105%
Taxes, remuneration and social security45€4,075--
Taxes450/3€4,075--
Other amounts payable47/48€27,200€13,227▼ 51.4%
Accrued charges and deferred income492/3€125€532▲ 326%
Line20232024Change
Profit (loss) for the period9904-€6,221-€5,341▲ 14.1%
+ Depreciation and write-downs630€7,204€12,251▲ 70.1%
Operating cash flow (approximation)€983€6,909▲ 603%
Investment in fixed assets (approximation)--€4,918-
Change in cash-€1,405-

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 31-07-2027
2026
15-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Liquidity triplescurrent ratio 1.82
Current ratio from 0.64 to 1.82; short-term debt falls from €31,500 to €13,691.
25-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
823 m²
Building footprint
202 m²
Volume, LiDAR
863 m³
Parcel 13049D0918/00M000, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
pi-ProductivITy
Gevaertlaan 177, 2260 WesterloGeneral electrical installation work
since 20222.329.921.588
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13049D0918/00M000 Flanders 823 m² 1 · 202 m² 5.6 m · 1 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.

Subsidies and aid

Flemish government

2024 · 1 entry · 239 EUR awarded · 239 EUR paid
Year Entries awardedpaid
2024 1 239 EUR239 EUR
Schemes
1 entry · 239 EUR · 239 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,660 companies in this sector we hold annual accounts for 1,328. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded05-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
Contact
E-mail philip@pi-productivity.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0784487302
Registered 13-06-2025

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

Register as of 30 September 2026 · Peppol Directory

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