PIDE
ActiveSummary
PIDE has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €329,325 and a net result of -€35,627. Equity is growing by ~11.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-89
Solvency80▼-20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 21.12; short-term debt: 2.3% and cash: 3.2% of total assets), and 44.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
55.2%
Return on assets
-6%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
on the day
2023
2 d early
2022
1 d early
2021
3 d early
2020
4 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 2 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€329,325▼ 9.8%
2024 · €364,953
Total assets
€596,447▲ 32.5%
2024 · €450,250
Net result
-€35,627
2024 · €255,757
Working capital
€273,287▼ 39.3%
2024 · €450,088
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,855=€20,965▲ 32.2%-€8,714€336,448-€49,120
Net result€13,548€7,831▼ 42.2%€13,785▲ 76.0%€255,757▲ 1,755%-€35,627
Equity€117,407▲ 13.0%€101,361▼ 13.7%€109,196▲ 7.7%€364,953▲ 234%€329,325▼ 9.8%
Total assets€144,944▲ 16.8%€145,606▲ 0.5%€115,402▼ 20.7%€450,250▲ 290%€596,447▲ 32.5%
Debt€27,537▲ 36.3%€44,246▲ 60.7%€6,206▼ 86.0%€226▼ 96.4%€182,149▲ 80,647%
Working capital€82,972▲ 22.2%€71,219▼ 14.2%€96,054▲ 34.9%€450,088▲ 369%€273,287▼ 39.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €49,120 after €336,448 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €596,447
Fixed assets
€309,574
Current assets
€286,872
Equity and liabilities €596,447
Equity
€329,325 ▼ 9.8%
Provisions
€84,972 ▼ 0.1%
Debt
€182,149 ▲ 80,647%
Debt's share of the balance-sheet total rises from 0.1% to 30.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,619
Cash flow
€10,874
Current ratio
21.12
Debt to equity
0.55▲
2024 · 0.00
ROE
-10.8%▼
2024 · 70.1%
ROA
-6.0%▼
2024 · 56.8%
Interest coverage
-2.88
Debt ≤ 1 year
€13,585▲
2024 · €162
Debt > 1 year
€168,500
Income taxes
€0▼
2024 · €253
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | €46,501 | - |
| Other operating charges640/8 | - | €1,616 | €30,239 | €1,808 | €387 | ▼ 78.6% |
| Gross operating margin9900 | €17,462 | €22,581 | €21,525 | €338,256 | -€2,232 | ▼ 101% |
| Operating profit (loss)9901 | €15,855 | €20,965 | -€8,714 | €336,448 | -€49,120 | ▼ 115% |
| Financial income75/76B | - | €50 | €28,592 | €4,988 | €14,302 | ▲ 187% |
| Recurring financial income75 | €6,308 | €50 | €0 | €4,988 | €14,302 | ▲ 187% |
| Non-recurring financial income76B | - | - | €28,592 | €0 | - | - |
| Financial charges65/66B | - | €7,979 | €175 | €354 | €909 | ▲ 157% |
| Recurring financial charges65 | €107 | €3,685 | €175 | €354 | €909 | ▲ 157% |
| Non-recurring financial charges66B | - | €4,294 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €20,549 | €13,036 | €19,704 | €341,082 | -€35,726 | ▼ 110% |
| Transfer from deferred taxes780 | - | - | - | - | €99 | - |
| Transfer to deferred taxes680 | - | - | - | €85,071 | €0 | ▼ 100% |
| Income taxes67/77 | €7,001 | €5,206 | €5,919 | €253 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €13,548 | €7,831 | €13,785 | €255,757 | -€35,627 | ▼ 114% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €298 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €255,214 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €13,548 | €7,831 | €13,785 | €543 | -€35,329 | ▼ 6,611% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,944 | €145,606 | €115,402 | €450,250 | €596,447 | ▲ 32.5% |
| Fixed assets21/28 | €34,436 | €30,142 | €13,142 | €0 | €309,574 | - |
| Tangible fixed assets22/27 | €13,142 | €13,142 | €13,142 | €0 | €309,574 | - |
| Land and buildings22 | - | €13,142 | €13,142 | €0 | €309,574 | - |
| Financial fixed assets28 | €21,294 | €17,000 | €0 | - | - | - |
| Current assets29/58 | €110,509 | €115,465 | €102,260 | €450,250 | €286,872 | ▼ 36.3% |
| Amounts receivable within one year40/41 | €19,424 | €3,252 | €2,747 | €152,255 | €157,590 | ▲ 3.5% |
| Trade receivables40 | - | €2,380 | €342 | €0 | €3,841 | - |
| Other amounts receivable41 | - | €872 | €2,405 | €152,255 | €153,749 | ▲ 1.0% |
| Current investments50/53 | - | - | - | €150,000 | €100,848 | ▼ 32.8% |
| Cash at bank and in hand54/58 | €91,085 | €112,213 | €99,513 | €145,938 | €19,349 | ▼ 86.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,057 | €9,085 | ▲ 342% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,944 | €145,606 | €115,402 | €450,250 | €596,447 | ▲ 32.5% |
| Equity10/15 | €117,407 | €101,361 | €109,196 | €364,953 | €329,325 | ▼ 9.8% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €59,938 | €43,891 | €47,696 | €303,453 | €303,042 | ▼ 0.1% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | - | - | €255,214 | €254,916 | ▼ 0.1% |
| Distributable reserves133 | - | €37,741 | €41,546 | €42,088 | €41,976 | ▼ 0.3% |
| Profit (loss) carried forward14 | -€4,030 | -€4,030 | €0 | €0 | -€35,217 | - |
| Provisions and deferred taxes16 | - | - | - | €85,071 | €84,972 | ▼ 0.1% |
| Deferred taxes168 | - | - | - | €85,071 | €84,972 | ▼ 0.1% |
| Amounts payable17/49 | €27,537 | €44,246 | €6,206 | €226 | €182,149 | ▲ 80,647% |
| Amounts payable after more than one year17 | - | - | - | - | €168,500 | - |
| Financial debts170/4 | - | - | - | - | €168,500 | - |
| Amounts payable within one year42/48 | €27,537 | €44,246 | €6,206 | €162 | €13,585 | ▲ 8,297% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,500 | - |
| Trade debts44 | €7,133 | €2,541 | €257 | €162 | €7,085 | ▲ 4,279% |
| Suppliers440/4 | - | €2,541 | €257 | €162 | €7,085 | ▲ 4,279% |
| Taxes, remuneration and social security45 | - | €706 | €0 | - | - | - |
| Taxes450/3 | - | €706 | €0 | - | - | - |
| Other amounts payable47/48 | - | €40,999 | €5,950 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €64 | €64 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,548 | €7,831 | €13,785 | €255,757 | -€35,627 | ▼ 114% |
| + Depreciation and write-downs630 | €0 | - | - | - | €46,501 | - |
| Operating cash flow (approximation) | €13,548 | €7,831 | €13,785 | €255,757 | €10,874 | ▼ 95.7% |
| Investment in fixed assets (approximation) | - | €4,294 | €17,000 | €13,142 | -€356,075 | ▼ 2,810% |
| Change in cash | - | €21,129 | -€12,700 | €46,424 | -€126,589 | ▼ 373% |
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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-06
Financial
Weakest financial yearnet -€35,627
Net result drops to -€35,627, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €255,757 ▲1,755%
Operating result €336,448, net result €255,757, both a record.
30-06
Financial
Liquidity times 169current ratio 2783.10
Current ratio from 16.48 to 2783.10; short-term debt falls from €6,206 to €162.
30-06
Financial
Equity above €200,000Eq €364,953 ▲234%
4 profitable years in a row build equity to €364,953.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity times 6current ratio 16.48
Current ratio from 2.61 to 16.48; short-term debt falls from €44,246 to €6,206.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €13,548
Net result €13,548 after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Elsene · 1 establishment unit since 1967
Ground area
396 m²
Building footprint
100 m²
Volume, LiDAR
1,496 m³
Parcel 21443C0190/00D011, Brussels · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Renbaanlaan 28, 1050 Elsene
since 19672.000.616.486
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0190/00D011 | Brussels | 396 m² | 1 · 100 m² | 18.6 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0402095781
Registered
22-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.