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Generated 27-07-2026
Active BE 0792.700.925Private limited company

Pichal

Sint-Antoniusstraat 28 ·2000 Antwerpen, Belgium· 3 yrs active
Sector: Retail trade (47639)
Conclusion Checked

The computed 12-month bankruptcy probability of Pichal is 2.3% (moderate). The 2024 annual accounts show equity of €21k and a net result of €225. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 6674 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €21k
Net result €225
Staff (FTE) 1
Better than sector 45%
Snowflake analysis 5 axes · computed by Checked
Health36Profitability5Solvency11Growth52Stability94
40 / 100

Fragile profile, watch profitability in particular.

Health 36
Profitability 5
Solvency 11
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.3% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

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 2022, 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
36 / 100 Weak
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 22-09-2025 with the NBB · fiscal year 2024 · micro
€0€10k€20k€30k€40kRevenue 2022: €39k€39kOperating result 2022: €15k€15kNet result 2022: €15k€15kOperating result 2023: €3k€3kNet result 2023: €1k€1kOperating result 2024: €7k€7kNet result 2024: €225€225202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~3.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
€18k€20k€22k€24k€26k2025: €22k (€20k - €24k)2026: €23k (€21k - €24k)2027: €23k (€22k - €25k)2022: €20k2023: €21k2024: €21k202220232024202520262027
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 15.9% 20.4%
better than 45% of 6674 sector peers
Net result €225 €4k
better than 38% of 6655 sector peers
Equity €21k €16k
better than 55% of 6688 sector peers
Gross operating margin €104k €24k
better than 82% of 6634 sector peers
Staff costs €56k €33k
higher than 67% of 3021 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€39k
- 22-24
EBITDA
€44k
+25.8% -26% vs sector
Net profit
€225
-81.4% far above sector median
Cash flow
€37k
+10.4% -19% vs sector
Total assets
€133k
+35.3% -78% vs sector
Equity
€21k
+1.1% -88% vs sector
Working capital
€-43k
- far below sector median
Employees (FTE)
1
0.0% -89% vs sector
Staff costs
€56k
+149.7% -83% vs sector
Income taxes
€3k
- -70% vs sector
Debt
€112k
+44.5% -74% vs sector
Debt ≤ 1y
€92k
+104.5% -75% vs sector
Debt > 1y
€20k
-38.3% -68% vs sector
Current ratio
0.53
-53.8% -69% vs sector
Quick ratio
0.43
-55.9% +74% vs sector
Solvency
15.9%
-25.3% -50% vs sector
Debt / equity
5.29
+43.0% +143% vs sector
ROE
1.1%
-81.6% far above sector median
ROA
0.2%
-86.2% far above sector median
Net margin
38.2%
- 22-24
Interest coverage
10.77
-49.7% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€44k
Net profit€225
Cash flow€37k
Staff costs€56k
Income taxes€3k
Dividends-
Total assets€133k
Equity€21k
Debt€112k
of which ≤ 1y€92k
of which > 1y€20k
Working capital€-43k
Employees (FTE)1.0
Ratios (computed)
2024
Current ratio0.53
Quick ratio0.43
Working capital ratio-32.2%
Solvency15.9%
Debt / equity5.29
Long-term debt ratio0.95
Interest coverage10.77
Gross margin-
Net margin-
ROA0.2%
ROE1.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
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€133k
Fixed assets 21/28€83k
Formation expenses 20€1k
Tangible fixed assets 22/27€81k
Financial fixed assets 28€2k
Current assets 29/58€49k
Stocks & contracts in progress 3€9k
Amounts receivable within one year 40/41€40k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€133k
Equity 10/15€21k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€16k
Amounts payable 17/49€112k
Amounts payable after one year 17€20k
Amounts payable within one year 42/48€92k
Trade debts payable within one year 44€48k
Income statement
Gross operating margin 9900€104k
Operating result 9901€7k
Financial income 75€4
Financial charges 65€4k
Result before taxes 9903€3k
Income taxes 67/77€3k
Net result for the period 9904€225
Result to be appropriated 9905€225
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Former directors (1)
  • Pichal Tim
    Director
    State Gazette act 25158354 (16-12-2025)
    Former
    - → 01-09-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Retail trade(47639)
Legal form Private limited company(610)
Incorporation20-10-2022
StatusActive
Postal code2000
Establishment units 1 location
Pichal
Uitbreidingstraat 280, 2600 AntwerpenVervaardiging van overige geconfectioneerde artikelen van textiel, muv kleding
since 20222.337.757.408
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 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11003B0050/00R003 Flanders 90 m² 1 · 75 m² 11.7 m · 3 fl.
11804D1142/00G000 Flanders 58 m² 1 · 58 m² 14.9 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

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

2025
16-12-2025
State Gazette act Director changes
v3.2
22-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
27-06-2025
NBB filing Annual accounts filed
fiscal year 2023 · micro
26-06-2025
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
24-10-2022
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 7 months ago
2025
16-12-2025 Pichal Tim resigns as director Director changes
  • Pichal Tim, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Pichal Tim",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-09-01",
      "evidence_quote": "De algemene vergadering heeft eenparig besloten ontslag te verlenen aan Pichal Tim vanaf 1 september 2025"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0792.700.925",
    "name_full": "PICHAL",
    "legal_form": "BV"
  }
}
2022
24-10-2022 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "Uitbreidingstraat 280, 2600 Berchem",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Maarten PICHAL",
        "niss": null,
        "address": "Zwaardstraat 5 bus 101, 2000 Antwerpen"
      },
      "share_class": "A",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 2500,
      "holder_person_name": "Maarten PICHAL",
      "is_subscriber_only": false,
      "n_shares_subscribed": 50,
      "amount_subscribed_eur": 2500,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Tim PICHAL",
        "niss": null,
        "address": "Uitbreidingstraat 280, 2600 Antwerpen (Berchem)"
      },
      "share_class": "A",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 2500,
      "holder_person_name": "Tim PICHAL",
      "is_subscriber_only": false,
      "n_shares_subscribed": 50,
      "amount_subscribed_eur": 2500,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 5000,
  "subject_company": {
    "kbo": "0792.700.925",
    "name_full": "Pichal",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2022-10-20",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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
Detailhandel in overige sportartikelen47639Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels47640Verhuur en lease van tenten77392Verhuur en lease van tenten77392Vervaardiging van overige geconfectioneerde artikelen van textiel, m.u.v. kleding13929Vervaardiging van overige geconfectioneerde artikelen van textiel, muv kleding13929Vervaardiging van metalen constructiewerken en delen daarvan25110Vervaardiging van metalen constructiewerken en delen daarvan25110Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Verhuur en lease van tenten77392Verhuur en lease van tenten77392
Primary activity highlighted.
Names & trade names
Legal nameNL Pichal
Registered office
Sint-Antoniusstraat 28
2000 Antwerpen, 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