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PIDLOG

Active
Private limited company (pre-2019)founded 2011active for 15 yearsHertogendreef 56, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0835.229.089
Summary

The computed 12-month bankruptcy probability of PIDLOG is 5.6% (elevated). For PIDLOG, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €62,822 and a net result of €51,145. Equity is growing by about 14% per year across the filed financial years. The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 19 October 2026.

Equity
€62,822▲ 438%
2022 · €11,677
Total assets
€84,063▼ 3.7%
2022 · €87,289
Net result
€51,145▼ 10.5%
2022 · €57,123
Working capital
€51,827
2022 · -€782
Trend over the years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

The operating result falls in 2023; 2023 is 5% below 2022.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€71,543 2023 Net result€51,145 2023

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020202120222023
Operating result€4,325-€45,906▲ 961%€69,552▲ 51.5%€72,890▲ 4.8%€75,522▲ 3.6%€71,543▼ 5.3%
Net result€1,249-€33,805▲ 2,608%€53,337▲ 57.8%€55,103▲ 3.3%€57,123▲ 3.7%€51,145▼ 10.5%
Equity€8,309-€8,114▼ 2.3%€11,451▲ 41.1%€11,554▲ 0.9%€11,677▲ 1.1%€62,822▲ 438%
Total assets€34,949-€62,601▲ 79.1%€89,707▲ 43.3%€78,221▼ 12.8%€87,289▲ 11.6%€84,063▼ 3.7%
Debt€26,639-€54,487▲ 105%€78,256▲ 43.6%€66,666▼ 14.8%€75,612▲ 13.4%€21,241▼ 71.9%
Working capital-€3,801--€5,540▼ 45.8%-€4,524▲ 18.3%-€4,189▲ 7.4%-€782▲ 81.3%€51,827
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €84,063
Fixed assets €10,995 ▼ 11.7%
Current assets €73,068 ▼ 2.4%
Equity and liabilities €84,063
Equity €62,822 ▲ 438%
Debt €21,241 ▼ 71.9%
Debt's share of the balance-sheet total falls from 86.6% to 25.3%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
€74,960▼
2022 · €88,157
Cash flow
€54,563▼
2022 · €69,758
Current ratio
3.44▲
2022 · 0.99
Debt to equity
0.34▼
2022 · 6.48
ROE
81.4%▼
2022 · 489.2%
ROA
60.8%▼
2022 · 65.4%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€21,241▼
2022 · €75,612
Income taxes
€21,803▲
2022 · €19,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 45 lines
Balance sheet Code20222023
Assets
Total assets20/58€87,289€84,063▼
Fixed assets21/28€12,459€10,995▼
Tangible fixed assets22/27€12,420€10,957▼
Plant, machinery and equipment23€9,536€7,544▼
Furniture and vehicles24€2,885€3,414▲
Financial fixed assets28€38€38=
Current assets29/58€74,830€73,068▼
Amounts receivable within one year40/41€34,068€37,505▲
Trade receivables40€10,405€4,429▼
Other amounts receivable41€23,664€33,076▲
Cash at bank and in hand54/58€40,059€35,563▼
Deferred charges and accrued income490/1€702-
Equity and liabilities
Total equity and liabilities10/49€87,289€84,063▼
Equity10/15€11,677€62,822▲
Contributions10/11€6,200€6,200=
Reserves13€1,860€34,860▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133-€33,000
Profit (loss) carried forward14€3,617€21,762▲
Amounts payable17/49€75,612€21,241▼
Amounts payable within one year42/48€75,612€21,241▼
Trade debts44€3,492€276▼
Suppliers440/4€3,492€276▼
Taxes, remuneration and social security45€15,120€20,965▲
Taxes450/3€15,120€20,965▲
Other amounts payable47/48€57,000-
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,636€3,418▼
Other operating charges640/8€1,202€1,316▲
Gross operating margin9900€89,360€76,276▼
Operating profit (loss)9901€75,522€71,543▼
Financial income75/76B€1,123€1,501▲
Recurring financial income75€1,123€1,501▲
Financial charges65/66B€122€96▼
Recurring financial charges65€122€96▼
Profit (loss) for the period before taxes9903€76,523€72,948▼
Income taxes67/77€19,400€21,803▲
Profit (loss) for the period9904€57,123€51,145▼
Profit (loss) for the period to be appropriated9905€57,123€51,145▼
Appropriation of the result
Profit (loss) to be appropriated9906€60,617€54,762▼
Profit (loss) brought forward from the previous period14P€3,494€3,617▲
Transfer to equity691/2-€33,000
To other reserves6921-€33,000
Profit to be distributed694/7€57,000-
Return on contributions (dividend)694€57,000-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820192020202120222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,789€2,810€3,332€4,119€12,636€3,418▼ 73.0%
Other operating charges640/8---€1,245€1,202€1,316▲ 9.5%
Gross operating margin9900€10,595€49,943€74,124€78,255€89,360€76,276▼ 14.6%
Operating profit (loss)9901€4,325€45,906€69,552€72,890€75,522€71,543▼ 5.3%
Financial income75/76B---€282€1,123€1,501▲ 33.6%
Recurring financial income75€340€281€181€282€1,123€1,501▲ 33.6%
Financial charges65/66B---€506€122€96▼ 21.7%
Recurring financial charges65€1,474€945€708€506€122€96▼ 21.7%
Profit (loss) for the period before taxes9903€3,191€45,243€69,025€72,666€76,523€72,948▼ 4.7%
Income taxes67/77€1,943€11,438€15,688€17,563€19,400€21,803▲ 12.4%
Profit (loss) for the period9904€1,249€33,805€53,337€55,103€57,123€51,145▼ 10.5%
Profit (loss) for the period to be appropriated9905€1,249€33,805€53,337€55,103€57,123€51,145▼ 10.5%
Line201820192020202120222023Change
Assets
Total assets20/58€34,949€62,601€89,707€78,221€87,289€84,063▼ 3.7%
Fixed assets21/28€17,410€16,787€16,403€15,744€12,459€10,995▼ 11.7%
Tangible fixed assets22/27€17,372€16,749€16,364€15,706€12,420€10,957▼ 11.8%
Plant, machinery and equipment23---€11,528€9,536€7,544▼ 20.9%
Furniture and vehicles24---€4,177€2,885€3,414▲ 18.3%
Financial fixed assets28€38€38€38€38€38€38=
Current assets29/58€17,539€45,814€73,305€62,477€74,830€73,068▼ 2.4%
Amounts receivable within one year40/41€10,921€9,104€9,223€17,088€34,068€37,505▲ 10.1%
Trade receivables40---€10,275€10,405€4,429▼ 57.4%
Other amounts receivable41---€6,813€23,664€33,076▲ 39.8%
Cash at bank and in hand54/58€5,793€36,710€63,379€44,686€40,059€35,563▼ 11.2%
Deferred charges and accrued income490/1---€702€702--
Equity and liabilities
Total equity and liabilities10/49€34,949€62,601€89,707€78,221€87,289€84,063▼ 3.7%
Equity10/15€8,309€8,114€11,451€11,554€11,677€62,822▲ 438%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200=
Reserves13€1,860€1,860€1,860€1,860€1,860€34,860▲ 1,774%
Non-distributable reserves130/1---€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860=
Distributable reserves133-----€33,000-
Profit (loss) carried forward14€249€54€3,391€3,494€3,617€21,762▲ 502%
Amounts payable17/49€26,639€54,487€78,256€66,666€75,612€21,241▼ 71.9%
Amounts payable after more than one year17€5,300€2,993€428----
Amounts payable within one year42/48€21,340€51,354€77,828€66,666€75,612€21,241▼ 71.9%
Current portion of amounts payable after more than one year42---€220---
Trade debts44€10,663€3,414€15,148€2,920€3,492€276▼ 92.1%
Suppliers440/4---€2,920€3,492€276▼ 92.1%
Taxes, remuneration and social security45---€8,526€15,120€20,965▲ 38.7%
Taxes450/3---€8,526€15,120€20,965▲ 38.7%
Other amounts payable47/48---€55,000€57,000--
Line201820192020202120222023Change
Profit (loss) for the period9904€1,249€33,805€53,337€55,103€57,123€51,145▼ 10.5%
+ Depreciation and write-downs630€4,789€2,810€3,332€4,119€12,636€3,418▼ 73.0%
Operating cash flow (approximation)€6,037€36,615€56,668€59,222€69,758€54,563▼ 21.8%
Investment in fixed assets (approximation)--€2,187-€2,947-€3,460-€9,351-€1,954▲ 79.1%
Change in cash-€30,917€26,669-€18,692-€4,627-€4,497▲ 2.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference
31-12-2023 micro format 01-09-2024 2024-00439026
31-12-2022 micro format 06-09-2023 2023-00435505
31-12-2021 micro format 31-08-2022 2022-20391996
31-12-2020 micro format 29-08-2021 2021-61800571
31-12-2019 micro format 31-08-2020 2020-50300043
31-12-2018 micro format 30-08-2019 2019-59300194
31-12-2017 micro format 30-08-2018 2018-56800022
31-12-2016 full format 29-08-2017 2017-53300567
31-12-2015 full format 26-08-2016 2016-50100069
31-12-2014 full format 31-08-2015 2015-57500443

Show all 12 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.