PIEPEL
ActiveSummary
PIEPEL has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €297,351 and a net result of €5,861. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 95% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability42▼-7
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
short-term debt: 0.2% and cash: 12.8% of total assets, and 0.2% of the assets are financed with debt.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
7 d early
2022
48 d early
2021
44 d early
2020
46 d early
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€297,351▲ 2.0%
2023 · €291,490
Total assets
€298,017▲ 2.2%
2023 · €291,698
Net result
€5,861▲ 42.1%
2023 · €4,123
Working capital
€297,351▲ 2.0%
2023 · €291,490
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20202021202220232024
Operating result€145,678▲ 133%€99,079▼ 32.0%-€23,846-€11▲ 100.0%-€1,584▼ 14,250%
Net result€100,965above the sector's middle half▲ 128%€71,755above the sector's middle half▼ 28.9%-€24,102below the sector's middle half€4,123within the sector's middle half€5,861within the sector's middle half▲ 42.1%
Equity€239,714above the sector's middle half▲ 72.8%€311,469above the sector's middle half▲ 29.9%€287,367above the sector's middle half▼ 7.7%€291,490above the sector's middle half▲ 1.4%€297,351above the sector's middle half▲ 2.0%
Total assets€308,220within the sector's middle half▲ 94.2%€360,989above the sector's middle half▲ 17.1%€289,842within the sector's middle half▼ 19.7%€291,698within the sector's middle half▲ 0.6%€298,017within the sector's middle half▲ 2.2%
Debt€68,506▲ 242%€49,519▼ 27.7%€2,475▼ 95.0%€208▼ 91.6%€666▲ 220%
Working capital€238,879▲ 72.2%€310,238▲ 29.9%€287,204▼ 7.4%€291,490▲ 1.5%€297,351▲ 2.0%
Solvency77.8%above the sector's middle half▼ 9.6pp86.3%above the sector's middle half▲ 8.5pp99.1%above the sector's middle half▲ 12.9pp99.9%above the sector's middle half▲ 0.8pp99.8%above the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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 stays negative: a loss of €1,584 in 2024 against €11 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €298,017
Equity
€297,351 ▲ 2.0%
Debt
€666 ▲ 220%
Debt's share of the balance-sheet total rises from 0.1% to 0.2%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.00▲
2023 · 0.00
ROE
2.0%▲
2023 · 1.4%
ROA
2.0%▲
2023 · 1.4%
Debt ≤ 1 year
€666▲
2023 · €208
Income taxes
€549▲
2023 · €114
A ratio outside any meaningful range has been withheld (balance sheet total €298,017, equity €297,351).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 10,891 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €173 | €736 | €1,068 | €163 | - | - |
| Other operating charges640/8 | - | €1,359 | €725 | €796 | €820 | ▲ 3.0% |
| Gross operating margin9900 | €146,789 | €101,173 | -€22,053 | €948 | -€764 | ▼ 181% |
| Operating profit (loss)9901 | €145,678 | €99,079 | -€23,846 | -€11 | -€1,584 | ▼ 14,250% |
| Financial income75/76B | - | €0 | €1 | €4,294 | €8,039 | ▲ 87.2% |
| Recurring financial income75 | - | €0 | €1 | €4,294 | €8,039 | ▲ 87.2% |
| Financial charges65/66B | - | €56 | €49 | €45 | €45 | = |
| Recurring financial charges65 | €125 | €56 | €49 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | €145,553 | €99,022 | -€23,894 | €4,238 | €6,410 | ▲ 51.3% |
| Income taxes67/77 | €44,588 | €27,267 | €208 | €114 | €549 | ▲ 380% |
| Profit (loss) for the period9904 | €100,965 | €71,755 | -€24,102 | €4,123 | €5,861 | ▲ 42.1% |
| Profit (loss) for the period to be appropriated9905 | €100,965 | €71,755 | -€24,102 | €4,123 | €5,861 | ▲ 42.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €308,220 | €360,989 | €289,842 | €291,698 | €298,017 | ▲ 2.2% |
| Fixed assets21/28 | €836 | €1,231 | €163 | - | - | - |
| Tangible fixed assets22/27 | €836 | €1,231 | €163 | - | - | - |
| Furniture and vehicles24 | - | €1,231 | €163 | - | - | - |
| Current assets29/58 | €307,385 | €359,758 | €289,679 | €291,698 | €298,017 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €64,548 | €31,747 | €2,356 | €6,728 | €9,734 | ▲ 44.7% |
| Trade receivables40 | - | €30,697 | €882 | €1,968 | €787 | ▼ 60.0% |
| Other amounts receivable41 | - | €1,050 | €1,474 | €4,760 | €8,948 | ▲ 88.0% |
| Current investments50/53 | - | - | - | €250,000 | €250,000 | = |
| Cash at bank and in hand54/58 | €242,836 | €328,010 | €287,323 | €34,971 | €38,283 | ▲ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €308,220 | €360,989 | €289,842 | €291,698 | €298,017 | ▲ 2.2% |
| Equity10/15 | €239,714 | €311,469 | €287,367 | €291,490 | €297,351 | ▲ 2.0% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €223,000 | €283,000 | €283,000 | €283,000 | €287,300 | ▲ 1.5% |
| Non-distributable reserves130/1 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves not available under the articles1311 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Distributable reserves133 | - | €282,000 | €282,000 | €282,000 | €286,300 | ▲ 1.5% |
| Profit (loss) carried forward14 | €6,714 | €18,469 | -€5,633 | -€1,510 | €51 | ▲ 103% |
| Amounts payable17/49 | €68,506 | €49,519 | €2,475 | €208 | €666 | ▲ 220% |
| Amounts payable within one year42/48 | €68,506 | €49,519 | €2,475 | €208 | €666 | ▲ 220% |
| Trade debts44 | €2,141 | €2,281 | - | - | €666 | - |
| Suppliers440/4 | - | €2,281 | - | - | €666 | - |
| Taxes, remuneration and social security45 | - | €47,238 | €2,475 | €208 | - | - |
| Taxes450/3 | - | €44,634 | €2,475 | €208 | - | - |
| Remuneration and social security454/9 | - | €2,604 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,965 | €71,755 | -€24,102 | €4,123 | €5,861 | ▲ 42.1% |
| + Depreciation and write-downs630 | €173 | €736 | €1,068 | €163 | - | - |
| Operating cash flow (approximation) | €101,138 | €72,491 | -€23,034 | €4,287 | €5,861 | ▲ 36.7% |
| Investment in fixed assets (approximation) | - | -€1,131 | €0 | - | - | - |
| Change in cash | - | €85,174 | -€40,687 | -€252,352 | €3,312 | ▲ 101% |
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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4,123
Net result €4,123 after one loss-making year.
31-12
Financial
Liquidity times 12current ratio 1403.54
Current ratio from 117.05 to 1403.54; short-term debt falls from €2,475 to €208.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€24,102
Net result drops to -€24,102, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 16current ratio 117.05
Current ratio from 7.26 to 117.05; short-term debt falls from €49,519 to €2,475.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €100,965 ▲128%
Operating result €145,678, net result €100,965, both a record.
31-12
Financial
Equity above €200,000Eq €239,714 ▲72.8%
2 profitable years in a row build equity to €239,714.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
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, Zemst · 1 establishment unit since 2016
Ground area
1,175 m²
Building footprint
142 m²
Volume, LiDAR
736 m³
Parcel 23020C0046/00D000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PIEPEL
since 20162.253.337.516
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23020C0046/00D000 | Flanders | 1,175 m² | 1 · 142 m² | 8.0 m · 2 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 13,417 companies in sector 73300 we hold annual accounts for 6,899. 4,830 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
Founded19-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
69109Other legal services
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0654819284
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.