PIECEOFCHIC
ActiveSummary
PIECEOFCHIC has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-11k) and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.63 in 2024; short-term debt: 181.9% and cash: 39.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-85.1%
Return on assets
-64.9%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
24 d late
2020
39 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-11k▼ 323%
2024 · €-3k
2018: €12k
2019: €18k▲ +56.6% vs 2018
2020: €19k▲ +1.6% vs 2019
2021: €11k▼ -41.6% vs 2020
2022: €19k▲ +76.4% vs 2021
2023: €22k▲ +14.7% vs 2022highest in 8 years
2024: €-3k▼ -111% vs 2023
2025: €-11k▼ -323% vs 2024lowest in 8 years
2018 → 2025
Total assets
€13k▼ 18.6%
2024 · €16k
2018: €50k
2019: €58k▲ +18.0% vs 2018highest in 8 years
2020: €56k▼ -4.0% vs 2019
2021: €26k▼ -53.5% vs 2020
2022: €45k▲ +72.2% vs 2021
2023: €36k▼ -20.8% vs 2022
2024: €16k▼ -56.3% vs 2023
2025: €13k▼ -18.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€-8k▲ 66.7%
2024 · €-25k
2018: €10khighest in 8 years
2019: €7k▼ -35.0% vs 2018
2020: €287▼ -95.7% vs 2019
2021: €-8k▼ -2819% vs 2020
2022: €8k▲ +207% vs 2021
2023: €3k▼ -66.1% vs 2022
2024: €-25k▼ -970% vs 2023lowest in 8 years
2025: €-8k▲ +66.7% vs 2024
2018 → 2025
Working capital
€-15k▼ 148%
2024 · €-6k
2018: €7k
2019: €14k▲ +88.5% vs 2018
2020: €29k▲ +110% vs 2019highest in 8 years
2021: €9k▼ -68.3% vs 2020
2022: €28k▲ +209% vs 2021
2023: €16k▼ -42.2% vs 2022
2024: €-6k▼ -138% vs 2023
2025: €-15k▼ -148% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€19k▲ 76.4%€22k▲ 14.7%€-3k€-11k▼ 323%
2021: €11k
2022: €19k▲ +76.4% vs 2021
2023: €22k▲ +14.7% vs 2022highest in 5 years
2024: €-3k▼ -111% vs 2023
2025: €-11k▼ -323% vs 2024lowest in 5 years
Operating result€-7k-€10k€5k▼ 50.6%€-23k€-7k▲ 68.8%
2021: €-7k
2022: €10k▲ +237% vs 2021highest in 5 years
2023: €5k▼ -50.6% vs 2022
2024: €-23k▼ -568% vs 2023lowest in 5 years
2025: €-7k▲ +68.8% vs 2024
Net result€-8k-€8k€3k▼ 66.1%€-25k€-8k▲ 66.7%
2021: €-8k
2022: €8k▲ +207% vs 2021highest in 5 years
2023: €3k▼ -66.1% vs 2022
2024: €-25k▼ -970% vs 2023lowest in 5 years
2025: €-8k▲ +66.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €23k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13k
Fixed assets
€5k ▲ 3.1%
Current assets
€8k ▼ 28.7%
Key figures and ratios
EBITDA
€-5k▲
2024 · €-21k
Cash flow
€-6k▲
2024 · €-23k
Solvency
-85.1%▼
2024 · -16.4%
Current ratio
0.33▼
2024 · 0.63
Debt to equity
-2.18▲
2024 · -7.11
ROA
-64.9%▲
2024 · -158.8%
Interest coverage
-6.81▲
2024 · -11.51
Debt
€23k▲
2024 · €18k
Debt ≤ 1 year
€23k▲
2024 · €17k
Income taxes
€176▲
2024 · €-300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€16k€13k▼
Fixed assets21/28€5k€5k▲
Tangible fixed assets22/27€3k€5k▲
Furniture and vehicles24€3k€5k▲
Financial fixed assets28€2k€0▼
Current assets29/58€11k€8k▼
Stocks and contracts in progress3€3k-
Stocks30/36€3k-
Amounts receivable within one year40/41€5k€3k▼
Trade receivables40€5k€2k▼
Other amounts receivable41€739€890▲
Cash at bank and in hand54/58€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€16k€13k▼
Equity10/15€-3k€-11k▼
Contributions10/11€8k€8k=
Profit (loss) carried forward14€-11k€-19k▼
Amounts payable17/49€18k€23k▲
Amounts payable within one year42/48€17k€23k▲
Financial debts43€716€376▼
Credit institutions430/8€716€376▼
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45-€176
Taxes450/3-€176
Other amounts payable47/48€9k€17k▲
Accrued charges and deferred income492/3€1k€400▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€795€985▲
Gross operating margin9900€-20k€-4k▲
Operating profit (loss)9901€-23k€-7k▲
Financial income75/76B€119€14▼
Recurring financial income75€119€14▼
Financial charges65/66B€2k€801▼
Recurring financial charges65€2k€801▼
Profit (loss) for the period before taxes9903€-25k€-8k▲
Income taxes67/77€-300€176▲
Profit (loss) for the period9904€-25k€-8k▲
Profit (loss) for the period to be appropriated9905€-25k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-19k▼
Profit (loss) brought forward from the previous period14P€14k€-11k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €812 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €935 | €200 | €995 | €2k | €2k | ▼ 10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | €-1k | - | - | - |
| Other operating charges640/8 | €849 | €1k | €3k | €795 | €985 | ▲ 23.9% |
| Non-recurring operating charges66A | €25 | - | - | - | - | - |
| Gross operating margin9900 | €-6k | €11k | €8k | €-20k | €-4k | ▲ 78.2% |
| Operating profit (loss)9901 | €-7k | €10k | €5k | €-23k | €-7k | ▲ 68.8% |
| Financial income75/76B | €2k | €574 | €174 | €119 | €14 | ▼ 88.3% |
| Recurring financial income75 | €2k | €574 | €174 | €119 | €14 | ▼ 88.3% |
| Financial charges65/66B | €2k | €2k | €2k | €2k | €801 | ▼ 56.6% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €801 | ▼ 56.6% |
| Profit (loss) for the period before taxes9903 | €-8k | €9k | €3k | €-25k | €-8k | ▲ 67.8% |
| Income taxes67/77 | €146 | €268 | €300 | €-300 | €176 | ▲ 159% |
| Profit (loss) for the period9904 | €-8k | €8k | €3k | €-25k | €-8k | ▲ 66.7% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €8k | €3k | €-25k | €-8k | ▲ 66.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26k | €45k | €36k | €16k | €13k | ▼ 18.6% |
| Fixed assets21/28 | €2k | €3k | €6k | €5k | €5k | ▲ 3.1% |
| Tangible fixed assets22/27 | €0 | €1k | €4k | €3k | €5k | ▲ 79.1% |
| Furniture and vehicles24 | €0 | €1k | €4k | €3k | €5k | ▲ 79.1% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Current assets29/58 | €24k | €42k | €30k | €11k | €8k | ▼ 28.7% |
| Stocks and contracts in progress3 | - | €6k | €6k | €3k | - | - |
| Stocks30/36 | - | €6k | €6k | €3k | - | - |
| Amounts receivable within one year40/41 | €18k | €18k | €24k | €5k | €3k | ▼ 53.1% |
| Trade receivables40 | €13k | €14k | €21k | €5k | €2k | ▼ 64.5% |
| Other amounts receivable41 | €5k | €4k | €3k | €739 | €890 | ▲ 20.4% |
| Cash at bank and in hand54/58 | €6k | €13k | - | €3k | €5k | ▲ 90.5% |
| Deferred charges and accrued income490/1 | €486 | €4k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26k | €45k | €36k | €16k | €13k | ▼ 18.6% |
| Equity10/15 | €11k | €19k | €22k | €-3k | €-11k | ▼ 323% |
| Contributions10/11 | €6k | €6k | €8k | €8k | €8k | = |
| Reserves13 | €2k | €2k | - | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Profit (loss) carried forward14 | €3k | €11k | €14k | €-11k | €-19k | ▼ 77.6% |
| Amounts payable17/49 | €15k | €26k | €13k | €18k | €23k | ▲ 29.4% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €15k | €13k | €13k | €17k | €23k | ▲ 36.8% |
| Current portion of amounts payable after more than one year42 | €971 | - | - | - | - | - |
| Financial debts43 | €0 | €2k | €2k | €716 | €376 | ▼ 47.5% |
| Credit institutions430/8 | €0 | €2k | €2k | €716 | €376 | ▼ 47.5% |
| Trade debts44 | €12k | €11k | €12k | €7k | €5k | ▼ 28.2% |
| Suppliers440/4 | €12k | €11k | €12k | €7k | €5k | ▼ 28.2% |
| Taxes, remuneration and social security45 | €2k | €432 | €300 | - | €176 | - |
| Taxes450/3 | €2k | €432 | €300 | - | €176 | - |
| Other amounts payable47/48 | - | - | - | €9k | €17k | ▲ 93.5% |
| Accrued charges and deferred income492/3 | €348 | €12k | - | €1k | €400 | ▼ 68.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €8k | €3k | €-25k | €-8k | ▲ 66.7% |
| + Depreciation and write-downs630 | €935 | €200 | €995 | €2k | €2k | ▼ 10.6% |
| Operating cash flow (approximation) | €-7k | €9k | €4k | €-23k | €-6k | ▲ 71.7% |
| Investment in fixed assets (approximation) | - | €-1k | €-3k | €-1k | €-2k | ▼ 54.1% |
| Change in cash | - | €7k | - | - | €2k | - |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Etterbeek · 1 establishment unit since 2012
Ground area
167 m²
Building footprint
109 m²
Volume, LiDAR
1,317 m³
Parcel 21363B0428/00V006, Brussels · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Groothertogstraat 20, 1040 Etterbeek
since 20122.213.518.422
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0428/00V006 | Brussels | 167 m² | 1 · 109 m² | 16.3 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.
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Of 6,653 companies in sector 90111 we hold annual accounts for 385. 303 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
Founded12-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
90111Literary creation
74120Graphic design and visual communication
74130Interior design
74140Other specialised design activities
74201Photography, excluding press photography
Scores and ratios are computed by Checked and are not a credit decision.