Pi-security
ActiveSummary
The computed 12-month bankruptcy probability of Pi-security is 3.3% (moderate). The 2025 annual accounts show equity of €2k and a net result of €-673. Equity is growing by ~44% per year across the filed fiscal years. Its solvency ranks better than 12% of 27786 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-26
Solvency32▼-5
Growth78=
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.96 against 0.86 in 2024; short-term debt: 93% and cash: 2.6% of total assets), and 93% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
7%
Return on assets
-2.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 12%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
77 d late
2023
47 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 23.0%
2024 · €3k
2023: €269
2024: €3k
2023 → 2025
Total assets
€32k▲ 32.6%
2024 · €24k
2023: €20k
2024: €24k
2023 → 2025
Net result
€-673
2024 · €3k
2023: €-5k
2024: €3k
2023 → 2025
Working capital
€-1k▲ 56.0%
2024 · €-3k
2023: €-8k
2024: €-3k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€269-€3k▲ 990%€2k▼ 23.0%
Operating result€-4k-€5k€2k▼ 65.5%
Net result€-5k-€3k€-673
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€4k ▼ 39.8%
Current assets
€28k ▲ 56.3%
Equity and liabilities €32k
Equity
€2k ▼ 23.0%
Debt
€30k ▲ 40.2%
Debt's share of the balance-sheet total rises from 87.9% to 93.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €7k
Cash flow
€2k▼
2024 · €5k
Current ratio
0.96▲
2024 · 0.86
Debt to equity
13.20▲
2024 · 7.25
ROE
-29.8%▼
2024 · 90.8%
ROA
-2.1%▼
2024 · 11.0%
Interest coverage
2.07▼
2024 · 3.20
Debt ≤ 1 year
€30k▲
2024 · €21k
Income taxes
€406
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24k€32k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€18k€28k▲
Amounts receivable within one year40/41€15k€27k▲
Trade receivables40€15k€27k▲
Other amounts receivable41-€592
Cash at bank and in hand54/58€3k€823▼
Deferred charges and accrued income490/1€170€222▲
Equity and liabilities
Total equity and liabilities10/49€24k€32k▲
Equity10/15€3k€2k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-2k€-3k▼
Amounts payable17/49€21k€30k▲
Amounts payable within one year42/48€21k€30k▲
Trade debts44€19k€23k▲
Suppliers440/4€19k€23k▲
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€813▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€1k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€754€611▼
Gross operating margin9900€8k€5k▼
Operating profit (loss)9901€5k€2k▼
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€3k€-267▼
Income taxes67/77-€406
Profit (loss) for the period9904€3k€-673▼
Profit (loss) for the period to be appropriated9905€3k€-673▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-3k▼
Profit (loss) brought forward from the previous period14P€-5k€-2k▲
The notes to these accounts (4 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
Financial 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
Registered office, Genk · 1 establishment unit since 2022
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.
Meeënheide 1213600 GenkGround area
839 m²
Building footprint
110 m²
Parcel 71305F1352/00A010, Flanders. Linked by address, not a title deed.
1 establishment unit
Pi-security
since 20222.341.722.332
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71305F1352/00A010 | Flanders | 839 m² | 1 · 110 m² | - |
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.
Similar companies · same sector, comparable size
S.G.A. ELECTRICITE
BE 0478.652.933
Tubize · Eq €2,263
E.M. KW Service
BE 0757.586.628
Antwerpen · Eq €2,250
D & M Electrical Solutions
BE 0887.576.130
Pelt · Eq €2,267
MJ-TECH
BE 0686.570.651
Chaumont-Gistoux · Eq €2,268
Business-Locks
BE 0777.743.624
Lebbeke · Eq €2,275
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 2,006 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
46190Agents in non-specialised wholesale trade
47400Retail sale of information and communication equipment
47559Retail sale of other household articles
80090Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.