PIACO
ActivePIACO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €12k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-61
Solvency100=
Growth52=
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 11.95 against 5.09 in 2024), and 7.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 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
92.8%
Return on assets
7.2%
Age of the figures
8 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 07-07-2026, 24 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
24 d early
2024
29 d late
2023
20 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▲ 8.4%
2024 · €144k
2023: €103k
2024: €144k
2023 → 2025
Total assets
€168k▼ 3.8%
2024 · €175k
2023: €122k
2024: €175k
2023 → 2025
Net result
€12k▼ 70.9%
2024 · €41k
2023: €93k
2024: €41k
2023 → 2025
Working capital
€132k▲ 5.0%
2024 · €126k
2023: €88k
2024: €126k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€103k-€144k▲ 40.3%€156k▲ 8.4%
Operating result€137k-€72k▼ 47.2%€10k▼ 86.5%
Net result€93k-€41k▼ 55.4%€12k▼ 70.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 86% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168k
Fixed assets
€24k▲ 31.4%
Current assets
€144k▼ 7.9%
Equity and liabilities €168k
Equity
€156k▲ 8.4%
Debt
€12k▼ 60.7%
The debt ratio falls from 17.6% to 7.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€18k▼
2024 · €80k
Cash flow
€20k▼
2024 · €49k
Solvency
92.8%▲
2024 · 82.4%
Current ratio
11.95▲
2024 · 5.09
Quick ratio
11.95▲
2024 · 5.09
Debt / equity
0.08▼
2024 · 0.21
ROE
7.7%▼
2024 · 28.7%
ROA
7.2%▼
2024 · 23.7%
Interest coverage
12.76▼
2024 · 1372.72
Debt
€12k▼
2024 · €31k
Debt ≤ 1 year
€12k▼
2024 · €31k
Income taxes
€-4k▼
2024 · €31k
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€175k€168k▼
Fixed assets21/28€18k€24k▲
Tangible fixed assets22/27€18k€24k▲
Plant, machinery and equipment23€11k€10k▼
Furniture and vehicles24€7k€14k▲
Current assets29/58€157k€144k▼
Amounts receivable within one year40/41€2k€30k▲
Trade receivables40-€28k
Other amounts receivable41€2k€1k▼
Current investments50/53-€100k
Cash at bank and in hand54/58€155k€15k▼
Equity and liabilities
Total equity and liabilities10/49€175k€168k▼
Equity10/15€144k€156k▲
Contributions10/11€10k€10k=
Reserves13€128k€146k▲
Non-distributable reserves130/1€128k-
Other1319€128k-
Distributable reserves133-€146k
Profit (loss) carried forward14€6k-
Amounts payable17/49€31k€12k▼
Amounts payable within one year42/48€31k€12k▼
Financial debts43-€43
Credit institutions430/8-€43
Trade debts44€10k€700▼
Suppliers440/4€10k€700▼
Taxes, remuneration and social security45€21k€11k▼
Taxes450/3€21k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€208€803▲
Gross operating margin9900€81k€19k▼
Operating profit (loss)9901€72k€10k▼
Financial income75/76B-€281
Recurring financial income75-€281
Financial charges65/66B€59€2k▲
Recurring financial charges65€59€1k▲
Non-recurring financial charges66B-€734
Profit (loss) for the period before taxes9903€72k€8k▼
Income taxes67/77€31k€-4k▼
Profit (loss) for the period9904€41k€12k▼
Profit (loss) for the period to be appropriated9905€41k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€12k▼
Profit (loss) brought forward from the previous period14P€3k-
Transfer to equity691/2€38k€12k▼
To other reserves6921€38k€12k▼
The notes to these accounts (5 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €12k ▼70.9%
Net result drops to €12k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 11.95
Current ratio from 5.09 to 11.95; short-term debt falls from €31k to €12k.
31-12
Financial
Equity above €150kEq €156k ▲8.4%
3 profitable years in a row build equity to €156k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 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, Maaseik · 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.
Elerweg 1b3680 MaaseikGround area
2,238 m²
Building footprint
179 m²
Volume, LiDAR
1,023 m³
Parcel 72024B1354/00C000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PIACO
since 20222.328.895.764
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024B1354/00C000 | Flanders | 2,238 m² | 1 · 179 m² | 9.6 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.
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BANCOPPOLA
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KURT HUYSMANS
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 40,630 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-2022
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@piaco.be