PiBo
ActiveSummary
The computed 12-month bankruptcy probability of PiBo is 1.7% (moderate). The 2024 annual accounts show equity of €32,670 and a net result of €15,209. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 15869 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+22
Solvency70▼-7
Growth52=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.56 in 2023; short-term debt: 34.3% and cash: 20.4% of total assets), but 55.1% of the assets are financed with debt.
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Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
44.9%
Return on assets
20.9%
Age of the figures
21 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 26-06-2026, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
35 d early
2024
31 d early
2023
71 d late
2022
77 d late
2021
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 11 October (4 of the last 5 filed years within 103 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€32,670▼ 37.7%
2023 · €52,462
Total assets
€72,750▼ 28.1%
2023 · €101,228
Net result
€15,209▲ 349%
2023 · €3,391
Working capital
€19,548▼ 49.4%
2023 · €38,624
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€36,186-€27,458▼ 24.1%€9,234▼ 66.4%€23,736▲ 157%
Net result€25,574within the sector's middle half-€20,497within the sector's middle half▼ 19.8%€3,391within the sector's middle half▼ 83.5%€15,209within the sector's middle half▲ 349%
Equity€28,574within the sector's middle half-€49,071within the sector's middle half▲ 71.7%€52,462within the sector's middle half▲ 6.9%€32,670within the sector's middle half▼ 37.7%
Total assets€71,640within the sector's middle half-€110,817within the sector's middle half▲ 54.7%€101,228within the sector's middle half▼ 8.7%€72,750within the sector's middle half▼ 28.1%
Debt€43,066-€61,746▲ 43.4%€48,767▼ 21.0%€40,080▼ 17.8%
Working capital€25,690within the sector's middle half-€34,823within the sector's middle half▲ 35.6%€38,624within the sector's middle half▲ 10.9%€19,548within the sector's middle half▼ 49.4%
Solvency39.9%within the sector's middle half-44.3%within the sector's middle half▲ 4.4pp51.8%within the sector's middle half▲ 7.5pp44.9%within the sector's middle half▼ 6.9pp
Current ratio1.60within the sector's middle half-2.04within the sector's middle half▲ 0.442.56within the sector's middle half▲ 0.521.78within the sector's middle half▼ 0.78
Return on assets (ROA)35.7%above the sector's middle half-18.5%above the sector's middle half▼ 17.2pp3.3%within the sector's middle half▼ 15.1pp20.9%above the sector's middle half▲ 17.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 157% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72,750
Fixed assets
€28,261 ▼ 25.5%
Current assets
€44,489 ▼ 29.7%
Equity and liabilities €72,750
Equity
€32,670 ▼ 37.7%
Debt
€40,080 ▼ 17.8%
Debt's share of the balance-sheet total rises from 48.2% to 55.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33,386▲
2023 · €19,864
Cash flow
€24,859▲
2023 · €14,020
Debt to equity
1.23▲
2023 · 0.93
ROE
46.6%▲
2023 · 6.5%
Interest coverage
19.79▲
2023 · 10.38
Debt ≤ 1 year
€24,942▲
2023 · €24,693
Debt > 1 year
€15,138▼
2023 · €24,073
Income taxes
€6,840▲
2023 · €3,932
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,561 | €2,367 | €10,629 | €9,650 | ▼ 9.2% |
| Other operating charges640/8 | €348 | €450 | €737 | €505 | ▼ 31.5% |
| Gross operating margin9900 | €38,094 | €30,274 | €20,601 | €33,891 | ▲ 64.5% |
| Operating profit (loss)9901 | €36,186 | €27,458 | €9,234 | €23,736 | ▲ 157% |
| Financial income75/76B | - | - | €2 | - | - |
| Recurring financial income75 | - | - | €2 | - | - |
| Financial charges65/66B | €135 | €287 | €1,913 | €1,687 | ▼ 11.8% |
| Recurring financial charges65 | €135 | €287 | €1,913 | €1,687 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €36,051 | €27,171 | €7,323 | €22,049 | ▲ 201% |
| Income taxes67/77 | €10,477 | €6,674 | €3,932 | €6,840 | ▲ 74.0% |
| Profit (loss) for the period9904 | €25,574 | €20,497 | €3,391 | €15,209 | ▲ 349% |
| Profit (loss) for the period to be appropriated9905 | €25,574 | €20,497 | €3,391 | €15,209 | ▲ 349% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €71,640 | €110,817 | €101,228 | €72,750 | ▼ 28.1% |
| Fixed assets21/28 | €2,884 | €42,511 | €37,911 | €28,261 | ▼ 25.5% |
| Tangible fixed assets22/27 | €2,884 | €42,511 | €37,911 | €28,261 | ▼ 25.5% |
| Plant, machinery and equipment23 | €2,884 | €2,376 | €865 | €596 | ▼ 31.1% |
| Furniture and vehicles24 | - | €40,136 | €37,046 | €27,664 | ▼ 25.3% |
| Current assets29/58 | €68,756 | €68,306 | €63,317 | €44,489 | ▼ 29.7% |
| Amounts receivable within one year40/41 | €28,238 | €112 | €28,975 | €28,088 | ▼ 3.1% |
| Trade receivables40 | €28,000 | - | €27,924 | €27,924 | = |
| Other amounts receivable41 | €238 | €112 | €1,051 | €164 | ▼ 84.4% |
| Cash at bank and in hand54/58 | €40,518 | €66,633 | €33,052 | €14,861 | ▼ 55.0% |
| Deferred charges and accrued income490/1 | - | €1,561 | €1,290 | €1,541 | ▲ 19.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €71,640 | €110,817 | €101,228 | €72,750 | ▼ 28.1% |
| Equity10/15 | €28,574 | €49,071 | €52,462 | €32,670 | ▼ 37.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | €35,000 | €35,000 | €29,000 | ▼ 17.1% |
| Distributable reserves133 | - | €35,000 | €35,000 | €29,000 | ▼ 17.1% |
| Profit (loss) carried forward14 | €25,574 | €11,071 | €14,462 | €670 | ▼ 95.4% |
| Amounts payable17/49 | €43,066 | €61,746 | €48,767 | €40,080 | ▼ 17.8% |
| Amounts payable after more than one year17 | - | €28,264 | €24,073 | €15,138 | ▼ 37.1% |
| Financial debts170/4 | - | €28,264 | €24,073 | €15,138 | ▼ 37.1% |
| Amounts payable within one year42/48 | €43,066 | €33,483 | €24,693 | €24,942 | ▲ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €6,470 | €8,615 | €8,935 | ▲ 3.7% |
| Trade debts44 | €1,656 | €1,093 | €18 | €406 | ▲ 2,099% |
| Suppliers440/4 | €1,656 | €1,093 | €18 | €406 | ▲ 2,099% |
| Taxes, remuneration and social security45 | €18,505 | €18,778 | €8,725 | €8,703 | ▼ 0.3% |
| Taxes450/3 | €18,505 | €18,778 | €8,725 | €8,703 | ▼ 0.3% |
| Other amounts payable47/48 | €22,905 | €7,142 | €7,335 | €6,897 | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,574 | €20,497 | €3,391 | €15,209 | ▲ 349% |
| + Depreciation and write-downs630 | €1,561 | €2,367 | €10,629 | €9,650 | ▼ 9.2% |
| Operating cash flow (approximation) | €27,135 | €22,865 | €14,020 | €24,859 | ▲ 77.3% |
| Investment in fixed assets (approximation) | - | -€41,995 | -€6,029 | €0 | ▲ 100% |
| Change in cash | - | €26,115 | -€33,581 | -€18,191 | ▲ 45.8% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
31-12
Financial
Weakest financial yearnet €3,391 ▼83.5%
Net result drops to €3,391, the lowest in the series; recovery starts the following year.
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 77 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Duffel · 1 establishment unit since 2021
Ground area
1,599 m²
Building footprint
251 m²
Volume, LiDAR
1,076 m³
Parcel 12009E0091/00H000, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PiBo
since 20212.312.690.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12009E0091/00H000 | Flanders | 1,599 m² | 1 · 250 m² | 5.6 m · 1 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 1,742 companies in sector 46150 we hold annual accounts for 759. 544 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
Founded14-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761631528
Also
9925:BE0761631528
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.