PIDECO
ActiveSummary
PIDECO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency31▼-45
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.75 in 2024; short-term debt: 88.9% and cash: 58.3% of total assets), and 93.6% of the assets are financed with debt.
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Signals
Five 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
6.4%
Return on assets
12.2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-01-2026, 90 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
90 d early
2024
27 d early
2023
134 d early
2022
82 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€8k▼ 88.9%
2024 · €72k
Total assets
€124k▼ 11.2%
2024 · €140k
Net result
€15k▼ 62.8%
2024 · €41k
Working capital
€-3k
2024 · €49k
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
Line2022202320242025
Operating result€5k-€32k▲ 500%€53k▲ 65.0%€23k▼ 57.1%
Net result€3k-€25k▲ 637%€41k▲ 62.3%€15k▼ 62.8%
Equity€8k-€32k▲ 319%€72k▲ 125%€8k▼ 88.9%
Total assets€86k-€95k▲ 10.4%€140k▲ 47.0%€124k▼ 11.2%
Debt€79k-€63k▼ 19.5%€68k▲ 7.6%€116k▲ 70.7%
Working capital€-16k-€7k€49k▲ 614%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124k
Fixed assets
€17k ▼ 34.7%
Current assets
€107k ▼ 5.9%
Equity and liabilities €124k
Equity
€8k ▼ 88.9%
Debt
€116k ▲ 70.7%
Debt's share of the balance-sheet total rises from 48.7% to 93.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€34k▼
2024 · €65k
Cash flow
€26k▼
2024 · €52k
Current ratio
0.97▼
2024 · 1.75
Debt to equity
14.64▲
2024 · 0.95
ROE
190.7%▲
2024 · 56.7%
ROA
12.2%▼
2024 · 29.1%
Interest coverage
11.68▼
2024 · 26.49
Debt ≤ 1 year
€110k▲
2024 · €65k
Debt > 1 year
€0▼
2024 · €3k
Income taxes
€5k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €11k | €11k | €11k | ▼ 1.9% |
| Other operating charges640/8 | €427 | €363 | €581 | €1k | ▲ 90.9% |
| Gross operating margin9900 | €14k | €44k | €65k | €35k | ▼ 46.4% |
| Operating profit (loss)9901 | €5k | €32k | €53k | €23k | ▼ 57.1% |
| Financial income75/76B | - | €296 | €484 | €6 | ▼ 98.9% |
| Recurring financial income75 | - | €296 | €484 | €6 | ▼ 98.9% |
| Financial charges65/66B | €542 | €757 | €2k | €3k | ▲ 18.9% |
| Recurring financial charges65 | €542 | €757 | €2k | €3k | ▲ 18.9% |
| Profit (loss) for the period before taxes9903 | €5k | €32k | €52k | €20k | ▼ 61.1% |
| Income taxes67/77 | €1k | €7k | €11k | €5k | ▼ 54.8% |
| Profit (loss) for the period9904 | €3k | €25k | €41k | €15k | ▼ 62.8% |
| Profit (loss) for the period to be appropriated9905 | €3k | €25k | €41k | €15k | ▼ 62.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €86k | €95k | €140k | €124k | ▼ 11.2% |
| Fixed assets21/28 | €45k | €37k | €26k | €17k | ▼ 34.7% |
| Tangible fixed assets22/27 | €45k | €37k | €26k | €17k | ▼ 34.7% |
| Furniture and vehicles24 | €45k | €34k | €24k | €15k | ▼ 35.5% |
| Other tangible fixed assets26 | - | €3k | €2k | €2k | ▼ 27.0% |
| Current assets29/58 | €42k | €58k | €114k | €107k | ▼ 5.9% |
| Amounts receivable within one year40/41 | €11k | €13k | €22k | €34k | ▲ 55.6% |
| Trade receivables40 | €11k | €13k | €22k | €34k | ▲ 55.1% |
| Other amounts receivable41 | - | - | - | €117 | - |
| Cash at bank and in hand54/58 | €30k | €44k | €91k | €73k | ▼ 20.6% |
| Deferred charges and accrued income490/1 | €809 | €880 | €919 | €935 | ▲ 1.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €86k | €95k | €140k | €124k | ▼ 11.2% |
| Equity10/15 | €8k | €32k | €72k | €8k | ▼ 88.9% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €3k | €27k | €67k | €3k | ▼ 95.6% |
| Distributable reserves133 | €3k | €27k | €67k | €3k | ▼ 95.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €79k | €63k | €68k | €116k | ▲ 70.7% |
| Amounts payable after more than one year17 | €21k | €12k | €3k | €0 | ▼ 100% |
| Financial debts170/4 | €21k | €12k | €3k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €58k | €51k | €65k | €110k | ▲ 69.6% |
| Current portion of amounts payable after more than one year42 | €9k | €9k | €9k | €3k | ▼ 66.4% |
| Trade debts44 | €3k | €2k | €8k | €7k | ▼ 17.4% |
| Suppliers440/4 | €3k | €2k | €8k | €7k | ▼ 17.4% |
| Taxes, remuneration and social security45 | €12k | €14k | €18k | €7k | ▼ 61.2% |
| Taxes450/3 | €9k | €11k | €15k | €4k | ▼ 71.4% |
| Remuneration and social security454/9 | €3k | €3k | €3k | €3k | = |
| Other amounts payable47/48 | €33k | €26k | €30k | €94k | ▲ 210% |
| Accrued charges and deferred income492/3 | - | - | - | €6k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €25k | €41k | €15k | ▼ 62.8% |
| + Depreciation and write-downs630 | €8k | €11k | €11k | €11k | ▼ 1.9% |
| Operating cash flow (approximation) | €11k | €36k | €52k | €26k | ▼ 49.7% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €-2k | - |
| Change in cash | - | €15k | €47k | €-19k | ▼ 140% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2022net €41k ▲62.3%
Operating result €53k, net result €41k, both a record.
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Kortrijk · 1 establishment unit since 2021
Ground area
602 m²
Building footprint
489 m²
Volume, LiDAR
7,932 m³
Parcel 34022G0321/00A000, Flanders · tallest building 24.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
PIDECO
since 20212.325.447.415
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0321/00A000 | Flanders | 602 m² | 1 · 489 m² | 24.5 m · 6 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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 20,404 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
Founded24-12-2021
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.