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pieces

Active
Private limited companyfounded 201412 yrs activeOostvaartdijk 422, 1851 Grimbergen, BelgiumKBO/BCE: BE 0546.735.253

pieces has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55k and a net result of €50k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 34% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
78 / 100
Excellent▲ +9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency56▼-5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.81 in 2024), and 64.3% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers riskneutral
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
Sector 70
lower
← 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 2025
Solvency, return and age of the figures
Solvency
35.7%
Return on assets
32.6%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 12 years 0 20 y
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 d early
2024
34 d early
2023
33 d early
2022
33 d early
2021
32 d early
2020
22 d early
2019
35 d early
← before the deadline after the deadline →
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 months
Position in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€55k▼ 0.1%
2024 · €55k
2018: €36k 2019: €36k 2020: €54k 2021: €55k 2022: €52k 2023: €53k 2024: €55k
2018 → 2025
Total assets
€153k▲ 18.9%
2024 · €129k
2018: €270k 2019: €81k 2020: €94k 2021: €115k 2022: €146k 2023: €124k 2024: €129k
2018 → 2025
Net result
€50k▼ 19.5%
2024 · €62k
2018: €12k 2019: €-436 2020: €19k 2021: €18k 2022: €32k 2023: €1k 2024: €62k
2018 → 2025
Working capital
€3k
2024 · €-14k
2018: €39k 2019: €26k 2020: €25k 2021: €29k 2022: €30k 2023: €28k 2024: €-14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€55k-€52k▼ 4.6%€53k▲ 2.1%€55k▲ 2.4%€55k▼ 0.1%
Operating result€24k-€42k▲ 75.5%€5k▼ 87.9%€84k▲ 1,534%€70k▼ 16.2%
Net result€18k-€32k▲ 81.1%€1k▼ 96.6%€62k▲ 5,592%€50k▼ 19.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25k€50k€75kOperating result 2021: €24k€24kNet result 2021: €18k€18kOperating result 2022: €42k€42kNet result 2022: €32k€32kOperating result 2023: €5k€5kNet result 2023: €1k€1kOperating result 2024: €84k€84kNet result 2024: €62k€62kOperating result 2025: €70k€70kNet result 2025: €50k€50k20212022202320242025
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets €54k▼ 21.0%
Current assets €99k▲ 64.6%
Equity and liabilities €153k
Equity €55k▼ 0.1%
Debt €99k▲ 32.8%
The debt ratio rises from 57.6% to 64.3%: debt grows while equity shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
€85k
2024 · €91k
Cash flow
€65k
2024 · €69k
Solvency
35.7%
2024 · 42.4%
Current ratio
1.03
2024 · 0.81
Quick ratio
1.03
2024 · 0.81
Debt / equity
1.80
2024 · 1.36
ROE
91.4%
2024 · 113.5%
ROA
32.6%
2024 · 48.2%
Interest coverage
30.74
2024 · 327.52
Debt
€99k
2024 · €74k
Debt ≤ 1 year
€96k
2024 · €74k
Income taxes
€17k
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€129k€153k
Formation expenses20€0€0=
Fixed assets21/28€69k€54k
Tangible fixed assets22/27€69k€54k
Plant, machinery and equipment23€1k€263
Furniture and vehicles24€55k€44k
Other tangible fixed assets26€13k€10k
Current assets29/58€60k€99k
Amounts receivable within one year40/41€28k€22k
Trade receivables40€26k€21k
Other amounts receivable41€2k€632
Cash at bank and in hand54/58€31k€75k
Deferred charges and accrued income490/1€2k€2k
Equity and liabilities
Total equity and liabilities10/49€129k€153k
Equity10/15€55k€55k
Contributions10/11€19k€19k=
Reserves13€36k€36k
Distributable reserves133€36k€36k
Amounts payable17/49€74k€99k
Amounts payable within one year42/48€74k€96k
Trade debts44€6k€471
Suppliers440/4€6k€471
Taxes, remuneration and social security45€11k€5k
Taxes450/3€11k€5k
Other amounts payable47/48€57k€90k
Accrued charges and deferred income492/3-€3k
Income statement Code20242025
Non-recurring operating income76A€826-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€15k
Other operating charges640/8€451€465
Gross operating margin9900€91k€85k
Operating profit (loss)9901€84k€70k
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€277€3k
Recurring financial charges65€277€3k
Profit (loss) for the period before taxes9903€83k€67k
Income taxes67/77€21k€17k
Profit (loss) for the period9904€62k€50k
Profit (loss) for the period to be appropriated9905€62k€50k
Appropriation of the result
Profit (loss) to be appropriated9906€62k€50k
Transfer from equity791/2€35k€35
Transfer to equity691/2€36k-
To other reserves6921€36k-
Profit to be distributed694/7€61k€50k
Return on contributions (dividend)694€61k€50k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €62k ▲5592%
Operating result €84k, net result €62k, both a record.
28-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Back to profitnet €19k
Net result €19k after one loss-making year.
26-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet €-436 ▼104%
Net result drops to €-436, the lowest in the series; recovery starts the following year.
28-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
3 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, Grimbergen · 1 establishment unit since 2014
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Oostvaartdijk 4221851 Grimbergen
Ground area
376 m²
Building footprint
85 m²
Volume, LiDAR
7 m³
Parcel 23036B0930/00B000, Flanders · tallest building 1.2 m. Linked by address, not a title deed.
1 establishment unit
Oostvaartdijk 422, 1851 Grimbergen
Holdings
since 20142.227.634.494
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23036B0930/00B000 Flanders 376 m² 1 · 85 m² 1.2 m
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 38,393 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded14-02-2014
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.