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Generated 13-07-2026
Active BE 0765.404.828Private limited company

PIAB

Rooigemlaan 532 ·9000 Gent, Belgium· 5 yrs active
Sector: Retail trade (47120)
Conclusion Checked

The computed 12-month bankruptcy probability of PIAB is 3.0% (moderate). The 2024 annual accounts show negative equity (€-133k) and a net result of €20k. Equity is shrinking by ~57.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 6645 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-133k
Net result €20k
Better than sector 5%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health8Profitability0Solvency33Growth58Stability94
39 / 100

Fragile profile, watch profitability in particular.

Health 8
Profitability 0
Solvency 33
Growth 58
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
3.0% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
8 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · micro
€-200k€-100k€0Operating result 2022: €-171k€-171kNet result 2022: €-183k€-183kOperating result 2023: €-167k€-167kNet result 2023: €-173k€-173kOperating result 2024: €23k€23kNet result 2024: €20k€20k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~57.6%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-400k€-300k€-200k€-100k€02025: €-210k (€-221k - €-199k)2026: €-287k (€-297k - €-276k)2027: €-364k (€-374k - €-353k)2022: €20k2023: €-153k2024: €-133k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -933.3% 20.3%
better than 5% of 6645 sector peers
Net result €20k €4k
better than 74% of 6626 sector peers
Equity €-133k €16k
better than 5% of 6659 sector peers
Gross operating margin €36k €24k
better than 58% of 6605 sector peers
Total assets €14k €94k
better than 11% of 6649 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-59k
+49.8% far below sector median
Net profit
€20k
- +163% vs sector
Cash flow
€-65k
+49.5% far below sector median
Total assets
€14k
-92.5% -90% vs sector
Equity
€-133k
+13.0% far below sector median
Working capital
€-28k
- far below sector median
Staff costs
€7k
- -97% vs sector
Debt
€148k
-57.2% +43% vs sector
Debt ≤ 1y
€42k
-57.8% -47% vs sector
Debt > 1y
€105k
-56.9% -49% vs sector
Current ratio
0.34
-82.3% -75% vs sector
Quick ratio
0.34
-82.3% -70% vs sector
Solvency
-933.3%
-1066.4% far below sector median
Debt / equity
-1.11
+50.8% far below sector median
ROE
-15.0%
- far below sector median
ROA
139.6%
- far above sector median
Interest coverage
-9.35
-12.4% far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA-
Net profit€20k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€14k
Equity€-133k
Debt€148k
of which ≤ 1y€42k
of which > 1y€105k
Working capital€-28k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.34
Quick ratio0.34
Working capital ratio-195.3%
Solvency-933.3%
Debt / equity-1.11
Long-term debt ratio-0.79
Interest coverage-
Gross margin-
Net margin-
ROA139.6%
ROE-15.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€14k
Current assets 29/58€14k
Amounts receivable within one year 40/41€12k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€14k
Equity 10/15€-133k
Contributions / capital 10/11€203k
Accumulated profits (losses) 14€-336k
Amounts payable 17/49€148k
Amounts payable after one year 17€105k
Amounts payable within one year 42/48€42k
Income statement
Gross operating margin 9900€36k
Operating result 9901€23k
Financial charges 65€3k
Result before taxes 9903€20k
Net result for the period 9904€20k
Result to be appropriated 9905€20k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Retail trade(47120)
Legal form Private limited company(610)
Incorporation19-03-2021
StatusActive
Postal code9000
Establishment units 1 location
PIAB
Rooigemlaan 532, 9000 GentBemiddelingsactiviteiten in verband met de niet-gespecialiseerde detailhandel
since 20212.314.978.046
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44816K0535/00G009 Flanders 1,046 m² 1 · 797 m² 15.4 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
17-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
13-08-2024
State Gazette act Director changes
2023
17-12-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2024
13-08-2024 2 resigning Director changes
  • Jonas Deprez, Bestuurder
  • Dimitri Devoe, Bestuurder
Technical details 
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      "effective_date": "2023-12-15",
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  "notary": {
    "name": null,
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  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-08-13",
    "filing_date": "2024-08-01",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [],
  "is_correction": false,
  "subject_company": {
    "kbo": "0765.404.828",
    "name_full": "PIAB",
    "legal_form": "BV"
  },
  "publication_proxy": {
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    "org_kbo": null,
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  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Overige niet-gespecialiseerde detailhandel47120Detailhandel via postorderbedrijven of via internet47910
Primary activity highlighted.
Names & trade names
Legal nameNL PIAB
Registered office
Rooigemlaan 532
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative