PIATRACO
The computed 12-month bankruptcy probability of PIATRACO is 1.6% (moderate). The 2025 annual accounts show equity of €88.37M and a net result of €-904k. Equity is growing by ~5.4% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €88.37M |
| Net result | €-904k |
| Active | 5 yrs |
| Locations | 1 |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-904k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €171.32M |
| Equity | €88.37M |
| Debt | €82.96M |
| of which ≤ 1y | €14.03M |
| of which > 1y | €68.90M |
| Working capital | €-12.27M |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.12 |
| Quick ratio | 0.12 |
| Working capital ratio | -7.2% |
| Solvency | 51.6% |
| Debt / equity | 0.94 |
| Long-term debt ratio | 0.78 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -0.5% |
| ROE | -1.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €171.32M |
| Fixed assets | 21/28 | €169.57M |
| Financial fixed assets | 28 | €169.57M |
| Current assets | 29/58 | €1.75M |
| Amounts receivable within one year | 40/41 | €1.75M |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €171.32M |
| Equity | 10/15 | €88.37M |
| Contributions / capital | 10/11 | €75.00M |
| Reserves | 13 | €714k |
| Accumulated profits (losses) | 14 | €12.65M |
| Amounts payable | 17/49 | €82.96M |
| Amounts payable after one year | 17 | €68.90M |
| Amounts payable within one year | 42/48 | €14.03M |
| Income statement | ||
| Operating result | 9901 | €-21k |
| Financial income | 75 | €2.35M |
| Financial charges | 65 | €3.23M |
| Result before taxes | 9903 | €-904k |
| Net result for the period | 9904 | €-904k |
| Result to be appropriated | 9905 | €-904k |
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Ernst et Young Reviseurs d'EntreprisesCurrent Statutory auditor · represented by Lieve Cornelis |
- | 29-08-2024 → present |
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 07-06-2021 |
| Status | Active |
| Postal code | 8570 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34002D0379/00D002 | Flanders | 2.0 ha | 1 · 2.3 ha | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
09-03-2026 7 directors appointed
- Lieve Cornelis, Commissaris
- Dieter Veestraeten, Gedelegeerd bestuurder
- Melani Simonian, Gedelegeerd bestuurder
- Emily Staels, Gedelegeerd bestuurder
- Thomas Charon, Gedelegeerd bestuurder
- Charlotte Everaert, Gedelegeerd bestuurder
- Yulia Yuryeva, Gedelegeerd bestuurder
Technical details
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"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Luik",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-03-09",
"filing_date": "2025-12-31",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
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"is_correction": false,
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"name_full": "PIATRACO",
"legal_form": "NV"
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"person_role_at_subject": "Bijzonder gevolmachtigde"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}29-08-2024 Lieve Cornelis reappointed as statutory auditor
- Lieve Cornelis, Commissaris
Technical details
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"subject_company": {
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"legal_form": "NV"
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}12-07-2021 Articles of association amended
Technical details
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"signature_regime": null,
"special_mandates": [
{
"quote": "De vergadering geeft opdracht en volmacht aan de raad van bestuur tot uitvoering van de genomen besluiten",
"holder_kbo": null,
"holder_name": "de raad van bestuur",
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},
{
"quote": "volmacht aan de optredende notaris om over te gaan tot het opmaken, ondertekenen en neerleggen op de griffie van de Ondernemingsrechtbank van de geco\u00F6rdineerde tekst der statuten",
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],
"governance_change": {
"admin_delegated_added": []
}
}09-06-2021 Incorporation of a new NV
Technical details
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"founders": [
{
"org": {
"kbo": "0761.936.780",
"name": "QUVA Vennootschap met Beperkte Aansprakelijkheid"
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"contribution_type": "cash",
"amount_paid_in_eur": 58900,
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{
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"incorporation_date": "2021-06-03",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | PIATRACO |