PIER 165
ActivePIER 165 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53k and a net result of €18k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▲+29
Solvency83▲+3
Growth85▲+13
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.35 in 2023; short-term debt: 39.4% and cash: 0.3% of total assets), and 42.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
57.9%
Return on assets
19.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-08-2025, 15 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
15 d late
2023
380 d late
2022
746 d late
2021
1111 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€153k▲ 2.5%
2023 · €149k
2021: €59k
2022: €145k
2023: €149k
2021 → 2024
EBIT margin
11.7%▲ 10.4pp
2023 · 1.3%
2021: 2.0%
2022: 1.8%
2023: 1.3%
2021 → 2024
Net result
€18k▲ 856%
2023 · €2k
2021: €988
2022: €2k
2023: €2k
2021 → 2024
Working capital
€750▼ 92.5%
2023 · €10k
2021: €8k
2022: €13k
2023: €10k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€59k-€145k▲ 147%€149k▲ 3.3%€153k▲ 2.5%
Equity€39k-€41k▲ 6.1%€36k▼ 13.4%€53k▲ 49.5%
Operating result€1k-€3k▲ 116%€2k▼ 24.2%€18k▲ 822%
Net result€988-€2k▲ 139%€2k▼ 21.8%€18k▲ 856%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 822% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €92k
Fixed assets
€55k▲ 106%
Current assets
€37k▼ 2.6%
Equity and liabilities €92k
Equity
€53k▲ 49.5%
Debt
€39k▲ 33.5%
The debt ratio falls from 44.9% to 42.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▲
2023 · €8k
Cash flow
€25k▲
2023 · €8k
Solvency
57.9%▲
2023 · 55.1%
Current ratio
1.02▼
2023 · 1.35
Quick ratio
0.74▼
2023 · 1.05
Debt / equity
0.73▼
2023 · 0.81
ROE
33.1%▲
2023 · 5.2%
ROA
19.2%▲
2023 · 2.9%
Interest coverage
41.64▲
2023 · 36.15
Debt
€39k▲
2023 · €29k
Debt ≤ 1 year
€36k▲
2023 · €28k
Debt > 1 year
€800=
2023 · €800
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€65k€92k▲
Fixed assets21/28€27k€55k▲
Tangible fixed assets22/27€27k€55k▲
Plant, machinery and equipment23€9k€13k▲
Furniture and vehicles24€3k€27k▲
Other tangible fixed assets26€15k€15k▼
Current assets29/58€38k€37k▼
Amounts receivable after more than one year29€500€500=
Other amounts receivable291€500€500=
Stocks and contracts in progress3€9k€10k▲
Stocks30/36€9k€10k▲
Amounts receivable within one year40/41€21k€24k▲
Trade receivables40€19k€20k▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€6k€238▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€65k€92k▲
Equity10/15€36k€53k▲
Reserves13€34k€36k▲
Profit (loss) carried forward14€2k€18k▲
Amounts payable17/49€29k€39k▲
Amounts payable after more than one year17€800€800=
Trade debts175€800€800=
Amounts payable within one year42/48€28k€36k▲
Trade debts44€11k€9k▼
Suppliers440/4€11k€9k▼
Advances received on contracts in progress46€12k€23k▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Accrued charges and deferred income492/3€154€2k▲
Income statement
Code20232024
Turnover70€149k€153k▲
Non-recurring operating income76A€4k-
Goods, raw materials, services and sundry goods60/61€81k€78k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-383€-1k▼
Other operating charges640/8€60k€51k▼
Non-recurring operating charges66A€5k-
Gross operating margin9900€73k€75k▲
Operating profit (loss)9901€2k€18k▲
Financial income75/76B€112€311▲
Recurring financial income75€112€311▲
Financial charges65/66B€213€609▲
Recurring financial charges65€213€609▲
Profit (loss) for the period before taxes9903€2k€18k▲
Profit (loss) for the period9904€2k€18k▲
Profit (loss) for the period to be appropriated9905€2k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€18k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 15 days late
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 15 days late
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 380 days late
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 746 days late
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1111 days late
2024
31-12
Financial
Highest result since 2021net €18k ▲856%
Operating result €18k, net result €18k, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Antwerpen
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.
Thonetlaan 1652050 AntwerpenGround area
8,441 m²
Building footprint
887 m²
Volume, LiDAR
3,331 m³
Parcel 11813N0898/00Z008, Flanders · tallest building 14.0 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0898/00Z008 | Flanders | 8,441 m² | 1 · 887 m² | 14.0 m · 1 fl. |
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.
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PATRIMMO VC
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I.B.C.M
BE 0883.428.488
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KOOPVAARDIJ
BE 0831.620.194
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VDC PROJECTS
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,165 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded04-12-2017
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.