PIE CONSULTANCY
ActiveSummary
PIE CONSULTANCY has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176,950 and a net result of €51,192. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 12829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-5
Solvency83▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.4 against 3.44 in 2024; short-term debt: 41.6% and cash: 6.3% of total assets), and 41.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
58.4%
Return on assets
16.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
27 d late
2022
on the day
2021
1 d early
2020
33 d early
2019
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€176,950▲ 2.7%
2024 · €172,218
Total assets
€303,019▲ 24.7%
2024 · €243,026
Net result
€51,192▲ 10.2%
2024 · €46,460
Working capital
€176,976▲ 2.7%
2024 · €172,302
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,454▲ 1.1%€48,965▲ 55.7%€49,319▲ 0.7%€62,760▲ 27.3%€68,469▲ 9.1%
Net result€21,204within the sector's middle half▲ 0.8%€34,655within the sector's middle half▲ 63.4%€36,747within the sector's middle half▲ 6.0%€46,460within the sector's middle half▲ 26.4%€51,192within the sector's middle half▲ 10.2%
Equity€90,103within the sector's middle half▲ 29.3%€123,958within the sector's middle half▲ 37.6%€125,758within the sector's middle half▲ 1.5%€172,218within the sector's middle half▲ 36.9%€176,950within the sector's middle half▲ 2.7%
Total assets€119,901within the sector's middle half▲ 20.8%€165,819within the sector's middle half▲ 38.3%€207,707within the sector's middle half▲ 25.3%€243,026within the sector's middle half▲ 17.0%€303,019within the sector's middle half▲ 24.7%
Debt€29,798▲ 0.8%€41,861▲ 40.5%€81,949▲ 95.8%€70,807▼ 13.6%€126,069▲ 78.0%
Working capital€83,799within the sector's middle half▲ 46.8%€124,258within the sector's middle half▲ 48.3%€125,805within the sector's middle half▲ 1.2%€172,302above the sector's middle half▲ 37.0%€176,976above the sector's middle half▲ 2.7%
Solvency75.1%within the sector's middle half▲ 4.9pp74.8%within the sector's middle half▼ 0.4pp60.5%within the sector's middle half▼ 14.2pp70.9%within the sector's middle half▲ 10.3pp58.4%within the sector's middle half▼ 12.5pp
Current ratio3.81within the sector's middle half▲ 0.883.99within the sector's middle half▲ 0.182.54within the sector's middle half▼ 1.453.44within the sector's middle half▲ 0.902.40within the sector's middle half▼ 1.03
Return on assets (ROA)17.7%within the sector's middle half▼ 3.5pp20.9%within the sector's middle half▲ 3.2pp17.7%within the sector's middle half▼ 3.2pp19.1%within the sector's middle half▲ 1.4pp16.9%within the sector's middle half▼ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €303,019
Equity
€176,950 ▲ 2.7%
Debt
€126,069 ▲ 78.0%
Debt's share of the balance-sheet total rises from 29.1% to 41.6%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.71▲
2024 · 0.41
ROE
28.9%▲
2024 · 27.0%
Debt ≤ 1 year
€126,044▲
2024 · €70,724
Income taxes
€13,915▲
2024 · €13,065
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 | €6,304 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €905 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,038 | €2,897 | €2,545 | €642 | €612 | ▼ 4.7% |
| Gross operating margin9900 | €38,796 | €51,861 | €51,864 | €64,307 | €69,081 | ▲ 7.4% |
| Operating profit (loss)9901 | €31,454 | €48,965 | €49,319 | €62,760 | €68,469 | ▲ 9.1% |
| Financial income75/76B | €226 | €329 | €164 | €679 | €495 | ▼ 27.2% |
| Recurring financial income75 | €226 | €329 | €164 | €679 | €495 | ▼ 27.2% |
| Financial charges65/66B | €816 | €1,294 | €2,468 | €3,913 | €3,857 | ▼ 1.4% |
| Recurring financial charges65 | €816 | €1,294 | €2,468 | €3,913 | €3,857 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €30,864 | €48,000 | €47,014 | €59,526 | €65,107 | ▲ 9.4% |
| Income taxes67/77 | €9,659 | €13,345 | €10,267 | €13,065 | €13,915 | ▲ 6.5% |
| Profit (loss) for the period9904 | €21,204 | €34,655 | €36,747 | €46,460 | €51,192 | ▲ 10.2% |
| Profit (loss) for the period to be appropriated9905 | €21,204 | €34,655 | €36,747 | €46,460 | €51,192 | ▲ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119,901 | €165,819 | €207,707 | €243,026 | €303,019 | ▲ 24.7% |
| Fixed assets21/28 | €6,304 | - | - | - | - | - |
| Tangible fixed assets22/27 | €6,304 | - | - | - | - | - |
| Furniture and vehicles24 | €6,304 | - | - | - | - | - |
| Current assets29/58 | €113,597 | €165,819 | €207,707 | €243,026 | €303,019 | ▲ 24.7% |
| Amounts receivable after more than one year29 | - | - | - | €48,000 | €188,000 | ▲ 292% |
| Other amounts receivable291 | - | - | - | €48,000 | €188,000 | ▲ 292% |
| Amounts receivable within one year40/41 | €33,032 | €56,720 | €133,093 | €129,325 | €92,037 | ▼ 28.8% |
| Trade receivables40 | €13,545 | €12,487 | €13,599 | €14,057 | €12,862 | ▼ 8.5% |
| Other amounts receivable41 | €19,487 | €44,234 | €119,494 | €115,268 | €79,175 | ▼ 31.3% |
| Current investments50/53 | - | - | €30,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €79,221 | €97,769 | €35,455 | €59,716 | €18,997 | ▼ 68.2% |
| Deferred charges and accrued income490/1 | €1,344 | €11,330 | €9,159 | €5,984 | €3,985 | ▼ 33.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119,901 | €165,819 | €207,707 | €243,026 | €303,019 | ▲ 24.7% |
| Equity10/15 | €90,103 | €123,958 | €125,758 | €172,218 | €176,950 | ▲ 2.7% |
| Contributions10/11 | €16,800 | €16,800 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €73,303 | €107,158 | €107,158 | €153,618 | €158,350 | ▲ 3.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €71,443 | €105,298 | €107,158 | €153,618 | €158,350 | ▲ 3.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €29,798 | €41,861 | €81,949 | €70,807 | €126,069 | ▲ 78.0% |
| Amounts payable within one year42/48 | €29,798 | €41,561 | €81,902 | €70,724 | €126,044 | ▲ 78.2% |
| Trade debts44 | €776 | €1,624 | €1,838 | €2,032 | €1,790 | ▼ 11.9% |
| Suppliers440/4 | €776 | €1,624 | €1,838 | €2,032 | €1,790 | ▼ 11.9% |
| Taxes, remuneration and social security45 | €6,889 | €8,702 | €6,549 | €13,483 | €15,900 | ▲ 17.9% |
| Taxes450/3 | €5,689 | €6,502 | €3,878 | €10,696 | €14,200 | ▲ 32.8% |
| Remuneration and social security454/9 | €1,200 | €2,200 | €2,671 | €2,787 | €1,700 | ▼ 39.0% |
| Other amounts payable47/48 | €22,133 | €31,235 | €73,515 | €55,209 | €108,354 | ▲ 96.3% |
| Accrued charges and deferred income492/3 | - | €300 | €47 | €83 | €25 | ▼ 69.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,204 | €34,655 | €36,747 | €46,460 | €51,192 | ▲ 10.2% |
| + Depreciation and write-downs630 | €6,304 | - | - | - | - | - |
| Operating cash flow (approximation) | €27,509 | €34,655 | €36,747 | €46,460 | €51,192 | ▲ 10.2% |
| Change in cash | - | €18,548 | -€62,313 | €24,261 | -€40,719 | ▼ 268% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €51,192 ▲10.2%
Operating result €68,469, net result €51,192, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €172,218 ▲36.9%
7 profitable years in a row build equity to €172,218.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €123,958 ▲37.6%
5 profitable years in a row build equity to €123,958.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
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 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, Hasselt · 1 establishment unit since 2015
Ground area
4,653 m²
Building footprint
1,161 m²
Volume, LiDAR
22,067 m³
Parcel 71328D0277/00C002, Flanders · tallest building 23.2 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PIE CONSULTANCY
since 20152.244.286.030
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0277/00C002 | Flanders | 4,653 m² | 1 · 1,161 m² | 23.1 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 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,489 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
Founded10-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0634932997
Registered
01-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.