PIERARDS PATRICK
ActiveSummary
PIERARDS PATRICK has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €2k. Equity is growing by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 1554 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+21
Solvency60▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.86 in 2024; short-term debt: 36.7% and cash: 49.5% of total assets), but 64.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
4 d early
2022
3 d early
2021
2 d early
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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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 Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, micro schema
Equity
€52k▲ 3.4%
2024 · €50k
Total assets
€147k▲ 0.8%
2024 · €145k
Net result
€2k
2024 · €-5k
Working capital
€44k▲ 0.6%
2024 · €43k
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€11k▲ 91.2%€46k▲ 311%€20k▼ 56.9%€-2k€3k
Net result€8k▲ 177%€35k▲ 334%€11k▼ 69.0%€-5k€2k
Equity€8k▲ 3,949%€44k▲ 423%€55k▲ 25.1%€50k▼ 8.7%€52k▲ 3.4%
Total assets€152k▲ 2.2%€197k▲ 30.0%€182k▼ 7.7%€145k▼ 20.0%€147k▲ 0.8%
Debt€143k▼ 3.3%€153k▲ 7.1%€127k▼ 17.0%€96k▼ 24.9%€95k▼ 0.5%
Working capital€-3k▲ 84.6%€22k€40k▲ 83.2%€43k▲ 9.3%€44k▲ 0.6%
Staff (FTE)0.3▼ 57.1%0.5▲ 66.7%0.5=0.5=0.5=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€49k ▼ 4.9%
Current assets
€97k ▲ 4.0%
Equity and liabilities €147k
Equity
€52k ▲ 3.4%
Debt
€95k ▼ 0.5%
Debt's share of the balance-sheet total falls from 65.6% to 64.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €10k
Cash flow
€15k▲
2024 · €8k
Current ratio
1.81▼
2024 · 1.86
Quick ratio
1.63▲
2024 · 1.48
Debt to equity
1.84▼
2024 · 1.91
ROE
3.3%▲
2024 · -9.5%
ROA
1.2%▲
2024 · -3.3%
Interest coverage
10.45▲
2024 · 4.06
Debt ≤ 1 year
€54k▲
2024 · €50k
Debt > 1 year
€41k▼
2024 · €45k
Staff costs
€8k▲
2024 · €7k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15k | €14k | €7k | €8k | ▲ 15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €14k | €12k | €12k | €13k | ▲ 4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €943 | €3k | - | - | - |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 2.2% |
| Gross operating margin9900 | €42k | €76k | €51k | €19k | €26k | ▲ 37.7% |
| Operating profit (loss)9901 | €11k | €46k | €20k | €-2k | €3k | ▲ 239% |
| Financial income75/76B | - | €36 | €46 | €34 | €63 | ▲ 86.4% |
| Recurring financial income75 | €28 | €36 | €46 | €34 | €63 | ▲ 86.4% |
| Financial charges65/66B | - | €4k | €4k | €2k | €2k | ▼ 37.7% |
| Recurring financial charges65 | €2k | €4k | €4k | €2k | €2k | ▼ 37.7% |
| Profit (loss) for the period before taxes9903 | €9k | €41k | €15k | €-5k | €2k | ▲ 136% |
| Income taxes67/77 | €816 | €6k | €4k | - | - | - |
| Profit (loss) for the period9904 | €8k | €35k | €11k | €-5k | €2k | ▲ 136% |
| Transfer from tax-exempt reserves789 | - | €585 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8k | €36k | €11k | €-5k | €2k | ▲ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152k | €197k | €182k | €145k | €147k | ▲ 0.8% |
| Fixed assets21/28 | €57k | €75k | €64k | €52k | €49k | ▼ 4.9% |
| Tangible fixed assets22/27 | €57k | €75k | €64k | €52k | €49k | ▼ 4.9% |
| Land and buildings22 | - | €32k | €30k | €27k | €34k | ▲ 24.3% |
| Plant, machinery and equipment23 | - | €25k | €21k | €15k | €10k | ▼ 31.7% |
| Leasing and similar rights25 | - | €19k | €14k | €10k | €5k | ▼ 46.5% |
| Current assets29/58 | €95k | €122k | €118k | €94k | €97k | ▲ 4.0% |
| Stocks and contracts in progress3 | €17k | €16k | €18k | €19k | €9k | ▼ 51.0% |
| Stocks30/36 | - | €16k | €18k | €19k | €9k | ▼ 51.0% |
| Amounts receivable within one year40/41 | €9k | €18k | €14k | €10k | €15k | ▲ 50.5% |
| Trade receivables40 | - | €11k | €6k | €7k | €7k | ▲ 5.7% |
| Other amounts receivable41 | - | €8k | €9k | €3k | €8k | ▲ 136% |
| Cash at bank and in hand54/58 | €69k | €85k | €83k | €64k | €73k | ▲ 13.9% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €556 | €271 | ▼ 51.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152k | €197k | €182k | €145k | €147k | ▲ 0.8% |
| Equity10/15 | €8k | €44k | €55k | €50k | €52k | ▲ 3.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €9k | €44k | €55k | €55k | €55k | = |
| Distributable reserves133 | - | €44k | €55k | €55k | €55k | = |
| Profit (loss) carried forward14 | €-19k | €-19k | €-19k | €-24k | €-22k | ▲ 7.1% |
| Amounts payable17/49 | €143k | €153k | €127k | €96k | €95k | ▼ 0.5% |
| Amounts payable after more than one year17 | €45k | €53k | €49k | €45k | €41k | ▼ 8.8% |
| Financial debts170/4 | - | €53k | €49k | €45k | €41k | ▼ 8.8% |
| Amounts payable within one year42/48 | €98k | €100k | €78k | €50k | €54k | ▲ 6.9% |
| Current portion of amounts payable after more than one year42 | - | €9k | €4k | €4k | €4k | ▲ 1.2% |
| Financial debts43 | - | €28k | €28k | - | - | - |
| Credit institutions430/8 | - | €28k | €28k | - | - | - |
| Trade debts44 | €4k | €8k | €5k | €8k | €14k | ▲ 61.1% |
| Suppliers440/4 | - | €8k | €5k | €8k | €14k | ▲ 61.1% |
| Taxes, remuneration and social security45 | - | €5k | €2k | €2k | €1k | ▼ 49.3% |
| Taxes450/3 | - | €4k | €2k | - | - | - |
| Remuneration and social security454/9 | - | €1k | €32 | €2k | €1k | ▼ 49.3% |
| Other amounts payable47/48 | - | €49k | €39k | €36k | €35k | ▼ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €35k | €11k | €-5k | €2k | ▲ 136% |
| + Depreciation and write-downs630 | €18k | €14k | €12k | €12k | €13k | ▲ 4.4% |
| Operating cash flow (approximation) | €26k | €49k | €23k | €8k | €15k | ▲ 92.1% |
| Investment in fixed assets (approximation) | - | €-32k | €-1k | €0 | €-10k | - |
| Change in cash | - | €16k | €-2k | €-19k | €9k | ▲ 147% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €35k ▲334%
Operating result €46k, net result €35k, both a record.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-10
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-Truiden · 1 establishment unit since 2002
Ground area
704 m²
Building footprint
484 m²
Volume, LiDAR
2,261 m³
Parcel 71061B0257/00S002, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Tiensesteenweg 318, 3803 Sint-Truiden
since 20022.116.003.629
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71061B0257/00S002 | Flanders | 704 m² | 1 · 484 m² | 8.9 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Truiden2.116.003.629
Similar companies · same sector, comparable size
Belgian Natural Ice Cream Production
BE 0833.621.364
Oostende · Eq €51,887
LES DELICES D'ACHILLE
BE 0803.372.608
Pont-à-Celles · Eq €52,247
GLACE ET BEN
BE 0793.459.307
Fosses-la-Ville · Eq €50,789
ICE BEN
BE 0465.932.372
Dison · Eq €50,656
LEMPORTEAUBEL
BE 0782.700.027
Herve · Eq €52,804
Of 608 companies in sector 10520 we hold annual accounts for 235. 196 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
Founded27-09-2000
Fiscal year end31-03
Activities, NACEBEL 2025
10520Manufacture of food products
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.