PI-WI Projects
ActiveSummary
PI-WI Projects has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206k and a net result of €24k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-4
Solvency54▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.46 in 2024; short-term debt: 18.2% and cash: 3.3% of total assets), and 71.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.7%
Return on assets
3.3%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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
27 d late
2024
20 d late
2023
22 d late
2022
14 d late
2021
25 d late
2020
19 d late
2019
21 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€206k▲ 13.1%
2024 · €182k
2019: €156k
2020: €143k▼ -8.7% vs 2019
2021: €120k▼ -15.6% vs 2020lowest in 7 years
2022: €144k▲ +19.9% vs 2021
2023: €152k▲ +5.3% vs 2022
2024: €182k▲ +20.0% vs 2023
2025: €206k▲ +13.1% vs 2024highest in 7 years
2019 → 2025
Total assets
€718k▲ 55.8%
2024 · €461k
2019: €561k
2020: €512k▼ -8.8% vs 2019
2021: €497k▼ -2.8% vs 2020
2022: €490k▼ -1.5% vs 2021
2023: €446k▼ -9.0% vs 2022lowest in 7 years
2024: €461k▲ +3.4% vs 2023
2025: €718k▲ +55.8% vs 2024highest in 7 years
2019 → 2025
Net result
€24k▼ 21.2%
2024 · €30k
2019: €-709
2020: €-14k▼ -1810% vs 2019
2021: €-22k▼ -64.8% vs 2020lowest in 7 years
2022: €24k▲ +208% vs 2021
2023: €8k▼ -68.3% vs 2022
2024: €30k▲ +299% vs 2023highest in 7 years
2025: €24k▼ -21.2% vs 2024
2019 → 2025
Working capital
€-90k▼ 15.8%
2024 · €-78k
2019: €-64khighest in 7 years
2020: €-80k▼ -24.8% vs 2019
2021: €-124k▼ -55.0% vs 2020lowest in 7 years
2022: €-100k▲ +19.0% vs 2021
2023: €-96k▲ +4.1% vs 2022
2024: €-78k▲ +18.7% vs 2023
2025: €-90k▼ -15.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€144k▲ 19.9%€152k▲ 5.3%€182k▲ 20.0%€206k▲ 13.1%
2021: €120klowest in 5 years
2022: €144k▲ +19.9% vs 2021
2023: €152k▲ +5.3% vs 2022
2024: €182k▲ +20.0% vs 2023
2025: €206k▲ +13.1% vs 2024highest in 5 years
Operating result€-15k-€33k€17k▼ 49.0%€49k▲ 193%€45k▼ 7.0%
2021: €-15klowest in 5 years
2022: €33k▲ +321% vs 2021
2023: €17k▼ -49.0% vs 2022
2024: €49k▲ +193% vs 2023highest in 5 years
2025: €45k▼ -7.0% vs 2024
Net result€-22k-€24k€8k▼ 68.3%€30k▲ 299%€24k▼ 21.2%
2021: €-22klowest in 5 years
2022: €24k▲ +208% vs 2021
2023: €8k▼ -68.3% vs 2022
2024: €30k▲ +299% vs 2023highest in 5 years
2025: €24k▼ -21.2% vs 2024
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 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €718k
Fixed assets
€678k ▲ 71.7%
Current assets
€40k ▼ 39.7%
Equity and liabilities €718k
Equity
€206k ▲ 13.1%
Debt
€511k ▲ 83.7%
Debt's share of the balance-sheet total rises from 60.4% to 71.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72k▼
2024 · €75k
Cash flow
€51k▼
2024 · €57k
Current ratio
0.31▼
2024 · 0.46
Debt to equity
2.48▲
2024 · 1.53
ROE
11.6%▼
2024 · 16.7%
ROA
3.3%▼
2024 · 6.6%
Interest coverage
9.52▼
2024 · 12.80
Debt ≤ 1 year
€130k▼
2024 · €144k
Debt > 1 year
€357k▲
2024 · €129k
Income taxes
€14k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €30k | €26k | €26k | €27k | ▲ 1.3% |
| Other operating charges640/8 | - | €2k | €2k | €3k | €2k | ▼ 16.3% |
| Gross operating margin9900 | €18k | €65k | €45k | €78k | €74k | ▼ 4.5% |
| Operating profit (loss)9901 | €-15k | €33k | €17k | €49k | €45k | ▼ 7.0% |
| Financial income75/76B | - | €1 | €1 | - | - | - |
| Recurring financial income75 | €101 | €1 | €1 | - | - | - |
| Financial charges65/66B | - | €6k | €6k | €6k | €8k | ▲ 28.9% |
| Recurring financial charges65 | €7k | €6k | €6k | €6k | €8k | ▲ 28.9% |
| Profit (loss) for the period before taxes9903 | €-22k | €27k | €10k | €43k | €38k | ▼ 11.9% |
| Income taxes67/77 | €280 | €3k | €3k | €13k | €14k | ▲ 10.8% |
| Profit (loss) for the period9904 | €-22k | €24k | €8k | €30k | €24k | ▼ 21.2% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €24k | €8k | €30k | €24k | ▼ 21.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €497k | €490k | €446k | €461k | €718k | ▲ 55.8% |
| Fixed assets21/28 | €470k | €440k | €414k | €395k | €678k | ▲ 71.7% |
| Tangible fixed assets22/27 | €470k | €440k | €413k | €395k | €368k | ▼ 6.7% |
| Land and buildings22 | - | €436k | €410k | €390k | €364k | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €455 | €291 | €127 | €20 | ▼ 84.3% |
| Furniture and vehicles24 | - | €1k | €647 | €288 | - | - |
| Other tangible fixed assets26 | - | €3k | €3k | €4k | €4k | = |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €310k | ▲ 1,239,000% |
| Current assets29/58 | €27k | €50k | €32k | €66k | €40k | ▼ 39.7% |
| Amounts receivable within one year40/41 | - | €38k | €24k | €62k | €16k | ▼ 73.9% |
| Trade receivables40 | - | €38k | €19k | €50k | €16k | ▼ 68.0% |
| Other amounts receivable41 | - | - | €5k | €11k | - | - |
| Cash at bank and in hand54/58 | €27k | €12k | €9k | €4k | €24k | ▲ 445% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €497k | €490k | €446k | €461k | €718k | ▲ 55.8% |
| Equity10/15 | €120k | €144k | €152k | €182k | €206k | ▲ 13.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | - | €22k | €22k | €22k | €22k | = |
| Reserves13 | €33k | €57k | €65k | €95k | €119k | ▲ 25.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €55k | €63k | €93k | €117k | ▲ 25.7% |
| Profit (loss) carried forward14 | €47k | €47k | €47k | €47k | €47k | = |
| Amounts payable17/49 | €377k | €345k | €294k | €278k | €511k | ▲ 83.7% |
| Amounts payable after more than one year17 | €221k | €191k | €161k | €129k | €357k | ▲ 176% |
| Financial debts170/4 | - | €191k | €161k | €129k | €357k | ▲ 176% |
| Amounts payable within one year42/48 | €151k | €150k | €128k | €144k | €130k | ▼ 9.6% |
| Current portion of amounts payable after more than one year42 | - | €30k | €31k | €31k | €42k | ▲ 34.4% |
| Financial debts43 | - | - | - | €10k | - | - |
| Credit institutions430/8 | - | - | - | €10k | - | - |
| Trade debts44 | €12k | €7k | €7k | €15k | €6k | ▼ 60.8% |
| Suppliers440/4 | - | €7k | €7k | €15k | €6k | ▼ 60.8% |
| Taxes, remuneration and social security45 | - | €4k | €1k | €3k | €16k | ▲ 518% |
| Taxes450/3 | - | €4k | €1k | €3k | €16k | ▲ 518% |
| Other amounts payable47/48 | - | €109k | €89k | €86k | €67k | ▼ 21.6% |
| Accrued charges and deferred income492/3 | - | €4k | €5k | €5k | €24k | ▲ 392% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €24k | €8k | €30k | €24k | ▼ 21.2% |
| + Depreciation and write-downs630 | €30k | €30k | €26k | €26k | €27k | ▲ 1.3% |
| Operating cash flow (approximation) | €7k | €54k | €34k | €57k | €51k | ▼ 10.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-8k | €-310k | ▼ 3,960% |
| Change in cash | - | €-15k | €-3k | €-4k | €19k | ▲ 559% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Equity above €200kEq €206k ▲13.1%
4 profitable years in a row build equity to €206k.
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
30-06
Financial
Highest result since 2019net €30k ▲299%
Operating result €49k, net result €30k, both a record.
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
30-06
Financial
Equity above €150kEq €152k ▲5.3%
2 profitable years in a row build equity to €152k.
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
30-06
Financial
Back to profitnet €24k
Net result €24k after 3 loss-making years.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
Show earlier events
2019
18-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 18 days late
2018
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
17-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
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
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, Deinze · 1 establishment unit since 2003
Ground area
1,210 m²
Building footprint
113 m²
Volume, LiDAR
719 m³
Parcel 44004C0114/00D000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PI-WI PROJECTS
since 20032.134.713.642
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44004C0114/00D000 | Flanders | 1,210 m² | 1 · 112 m² | 7.9 m · 2 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 39,761 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 (pre-2019)
Founded06-10-2003
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.