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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.

Overview

Activity
Activity not known1 site
Size
€84,063total assets 2023
Equity
€62,822
Profit
€51,145
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
5.6%
2023 figures too old to score
Structure
2024 accounts not filed, 453 days past the deadline3 deeds in the Belgian Official Gazette
Signalsraises riskFigures for financial year 2023 (filed 03-09-2024)2 financial years not filed after the legal deadline; last filed accounts filed 32 days late; 3 of the last 3 lateNo main activity registeredTwo or more financial years not filed2023 accounts filed 32 days latelowers riskLiquidity: current ratio 3.44, cash €35,563Show the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency 100+62
equity 74.7% of total assets
Liquidity 90+38
short-term debt 25.3% · cash 42.3%
Profitability 100=
return on assets 60.8%
Bankruptcy probability, 12 months
5.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024lowest value 02-2025: 0.6%● unchanged vs 01-2025lowest value 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.4%▲ +0.4 percentage points vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 2.3%▲ +0.9 percentage points vs 11-2025 01-2026: 3.9%▲ +1.6 percentage points vs 12-2025 02-2026: 3.9%● unchanged vs 01-2026 03-2026: 4.2%▲ +0.3 percentage points vs 02-2026 04-2026: 4.0%▼ -0.2 percentage points vs 03-2026 05-2026: 4.0%● unchanged vs 04-2026 06-2026: 4.0%● unchanged vs 05-2026 07-2026: 3.9%▼ -0.1 percentage points vs 06-2026 08-2026: 4.2%▲ +0.3 percentage points vs 07-2026 09-2026: 4.2%● unchanged vs 08-2026 10-2026: 5.6%▲ +1.4 percentage points vs 09-2026highest value
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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2023 (filed 03-09-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; last filed accounts filed 32 days late; 3 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 3.44, cash €35,563
NBB · annual accounts
raises risk · No main activity registered
KBO
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline27-10-2026 today
raises risk · 2023 accounts filed 32 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-09-2024, 32 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
32 days late
2022
37 days late
2021
31 days late
2020
29 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 32 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…
  2. Liquidity more than triplescurrent ratio 3.44
  3. Annual accounts filedfinancial year 2022 · micro…

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 27 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▲ 27×€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▲ 19×
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.

Download as CSV

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.

Directors

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 4 April 2011, PIDLOG was incorporated.1 Total assets went from €34,949 in 2018 to €84,063 in 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2023

Acts, filings and financial milestones

2024
01-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 32 days late
2023
31-12
Financial Liquidity more than triplescurrent ratio 3.44
Current ratio from 0.99 to 3.44; short-term debt falls from €75,612 to €21,241.
06-09
NBB filing Annual accounts filed
financial year 2022 · micro format · 37 days late
2022
31-12
Financial Highest result from 2018 to 2023net €57,123 ▲3.7%
Operating result €75,522, net result €57,123, both a record.
31-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 31 days late
2021
29-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 29 days late
2020
31-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 31 days late
2019
30-08
NBB filing Annual accounts filed
financial year 2018 · micro format · 30 days late
2018
30-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 30 days late
2017
29-08
NBB filing Annual accounts filed
financial year 2016 · full format · 29 days late
2016
26-08
NBB filing Annual accounts filed
financial year 2015 · full format · 26 days late
2015
31-08
NBB filing Annual accounts filed
financial year 2014 · full format · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 12 annual accounts filed, the latest 10 are here; all 12 are under Financials.
0 of 3 deeds read
About the unread acts

We know of 3 Belgian Official 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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Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded04-04-2011
Financial year end31-12
Contact
E-mail pierrick.delhaise@gmail.comWatermaal-Bosvoorde
Phone 0496/817773Watermaal-Bosvoorde
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2011
registered office establishment The establishment unit on the map
Ground area
196 m²
Building footprint
76 m²
Building volume
680 m³
Parcel 21652E0278/00K003, Brussels · tallest building 12.7 m. Linked by address, not a title deed.
1 establishment unit
PIDLOG
Hertogendreef 56, 1170 Watermaal-BosvoordeGeneral electrical installation work
since 2011unit no. 2.198.033.856
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21652E0278/00K003 Brussels 196 m² 1 · 75 m² 12.7 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.