PIER 8
ActiveSummary
PIER 8 has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €933k and a net result of €96k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-3
Solvency47▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.87 in 2024; short-term debt: 32.7% and cash: 1.1% of total assets), and 78% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
22%
Return on assets
2.3%
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
6 d early
2023
30 d late
2022
4 d early
2021
6 d early
2020
4 d early
2019
2 d early
← 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€933k▼ 18.1%
2024 · €1.14M
Total assets
€4.25M▲ 17.0%
2024 · €3.63M
Net result
€96k▼ 50.7%
2024 · €195k
Working capital
€-1.31M▼ 744%
2024 · €-155k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€259k▲ 1.6%€488k▲ 88.7%€319k▼ 34.7%€323k▲ 1.4%€159k▼ 50.9%
Net result€153k▲ 1.9%€318k▲ 108%€194k▼ 38.8%€195k▲ 0.3%€96k▼ 50.7%
Equity€690k▲ 15.6%€915k▲ 32.6%€1.09M▲ 19.2%€1.14M▲ 4.5%€933k▼ 18.1%
Total assets€2.72M▼ 0.8%€2.79M▲ 2.5%€3.19M▲ 14.4%€3.63M▲ 13.8%€4.25M▲ 17.0%
Debt€1.96M▼ 5.5%€1.81M▼ 8.0%€2.03M▲ 12.5%€2.42M▲ 19.2%€3.24M▲ 33.9%
Working capital€-466k▼ 4.1%€-401k▲ 13.9%€-74k▲ 81.6%€-155k▼ 110%€-1.31M▼ 744%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 51% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.25M
Fixed assets
€4.17M ▲ 59.6%
Current assets
€79k ▼ 92.2%
Equity and liabilities €4.25M
Equity
€933k ▼ 18.1%
Provisions
€69k =
Debt
€3.24M ▲ 33.9%
Debt's share of the balance-sheet total rises from 66.7% to 76.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€322k▼
2024 · €367k
Cash flow
€259k▲
2024 · €239k
Current ratio
0.06▼
2024 · 0.87
Debt to equity
3.48▲
2024 · 2.13
ROE
10.3%▼
2024 · 17.1%
ROA
2.3%▼
2024 · 5.4%
Interest coverage
6.26▼
2024 · 11.01
Debt ≤ 1 year
€1.39M▲
2024 · €1.17M
Debt > 1 year
€1.84M▲
2024 · €1.24M
Income taxes
€42k▼
2024 · €95k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €453 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €41k | €43k | €44k | €163k | ▲ 272% |
| Other operating charges640/8 | €2k | €2k | €2k | €3k | €3k | ▼ 10.3% |
| Gross operating margin9900 | €300k | €531k | €364k | €370k | €324k | ▼ 12.3% |
| Operating profit (loss)9901 | €259k | €488k | €319k | €323k | €159k | ▼ 50.9% |
| Financial income75/76B | - | €0 | - | - | €31k | - |
| Recurring financial income75 | - | €0 | - | - | €31k | - |
| Financial charges65/66B | €38k | €25k | €32k | €33k | €51k | ▲ 54.2% |
| Recurring financial charges65 | €38k | €25k | €32k | €33k | €51k | ▲ 54.2% |
| Profit (loss) for the period before taxes9903 | €220k | €463k | €287k | €290k | €138k | ▼ 52.2% |
| Income taxes67/77 | €67k | €146k | €92k | €95k | €42k | ▼ 55.2% |
| Profit (loss) for the period9904 | €153k | €318k | €194k | €195k | €96k | ▼ 50.7% |
| Profit (loss) for the period to be appropriated9905 | €153k | €318k | €194k | €195k | €96k | ▼ 50.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.72M | €2.79M | €3.19M | €3.63M | €4.25M | ▲ 17.0% |
| Fixed assets21/28 | €2.60M | €2.62M | €2.59M | €2.61M | €4.17M | ▲ 59.6% |
| Tangible fixed assets22/27 | €1.51M | €1.53M | €1.50M | €1.52M | €2.37M | ▲ 55.3% |
| Land and buildings22 | €1.50M | €1.46M | €1.43M | €1.39M | €2.36M | ▲ 69.9% |
| Plant, machinery and equipment23 | €686 | €423 | €2k | €3k | €3k | ▼ 19.2% |
| Furniture and vehicles24 | €3k | €1k | €553 | €4k | €5k | ▲ 52.8% |
| Assets under construction and advance payments27 | €11k | €65k | €77k | €129k | €0 | ▼ 100% |
| Financial fixed assets28 | €1.09M | €1.09M | €1.09M | €1.09M | €1.80M | ▲ 65.7% |
| Current assets29/58 | €120k | €174k | €599k | €1.02M | €79k | ▼ 92.2% |
| Amounts receivable within one year40/41 | - | €85k | €581k | €933k | €0 | ▼ 100% |
| Trade receivables40 | - | €30k | €34k | €0 | - | - |
| Other amounts receivable41 | - | €55k | €547k | €933k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €120k | €77k | €10k | €83k | €46k | ▼ 45.1% |
| Deferred charges and accrued income490/1 | - | €12k | €8k | €3k | €33k | ▲ 936% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.72M | €2.79M | €3.19M | €3.63M | €4.25M | ▲ 17.0% |
| Equity10/15 | €690k | €915k | €1.09M | €1.14M | €933k | ▼ 18.1% |
| Contributions10/11 | €14k | €14k | €14k | €14k | €14k | = |
| Reserves13 | €676k | €902k | €1.08M | €1.13M | €920k | ▼ 18.3% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €675k | €900k | €1.08M | €1.13M | €920k | ▼ 18.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €69k | €69k | €69k | €69k | €69k | = |
| Provisions for liabilities and charges160/5 | €69k | €69k | €69k | €69k | €69k | = |
| Pensions and similar obligations160 | €69k | €69k | €69k | €69k | €69k | = |
| Amounts payable17/49 | €1.96M | €1.81M | €2.03M | €2.42M | €3.24M | ▲ 33.9% |
| Amounts payable after more than one year17 | €1.37M | €1.23M | €1.35M | €1.24M | €1.84M | ▲ 48.8% |
| Financial debts170/4 | €1.37M | €1.23M | €1.35M | €1.24M | €1.84M | ▲ 48.8% |
| Amounts payable within one year42/48 | €586k | €576k | €673k | €1.17M | €1.39M | ▲ 18.2% |
| Current portion of amounts payable after more than one year42 | €158k | €146k | €121k | €119k | €174k | ▲ 47.1% |
| Financial debts43 | €58k | €50k | - | - | - | - |
| Credit institutions430/8 | €58k | €50k | - | - | - | - |
| Trade debts44 | €1k | €957 | €1k | €2k | €14k | ▲ 568% |
| Suppliers440/4 | €1k | €957 | €1k | €2k | €14k | ▲ 568% |
| Taxes, remuneration and social security45 | €31k | €71k | €154k | €159k | €155k | ▼ 2.2% |
| Taxes450/3 | €31k | €71k | €154k | €159k | €155k | ▼ 2.2% |
| Other amounts payable47/48 | €339k | €307k | €396k | €895k | €1.04M | ▲ 16.7% |
| Accrued charges and deferred income492/3 | €6k | €6k | €5k | €12k | €17k | ▲ 42.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €153k | €318k | €194k | €195k | €96k | ▼ 50.7% |
| + Depreciation and write-downs630 | €39k | €41k | €43k | €44k | €163k | ▲ 272% |
| Operating cash flow (approximation) | €191k | €359k | €237k | €239k | €259k | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | €-55k | €-19k | €-62k | €-1.72M | ▼ 2,662% |
| Change in cash | - | €-43k | €-67k | €73k | €-37k | ▼ 151% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Equity above €1MEq €1.09M ▲19.2%
6 profitable years in a row build equity to €1.09M.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €318k ▲108%
Operating result €488k, net result €318k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €537k ▲37.3%
2 profitable years in a row build equity to €537k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
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, Sint-Niklaas · 1 establishment unit since 2008
Ground area
3,976 m²
Building footprint
299 m²
Parcel 46444D1934/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Burrelstraat 16, 9100 Sint-Niklaas
since 20082.174.547.186
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46444D1934/00B000 | Flanders | 3,975 m² | 1 · 299 m² | - |
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 82,632 companies in sector 70200 we hold annual accounts for 52,587. 28,593 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
Founded24-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.