PIERDAL
ActiveSummary
PIERDAL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €-948. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability71▲+2
Solvency41▲+9
Growth42▼-9
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2025Solvency, return and age of the figures
Solvency
15.8%
Return on assets
-3.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 22%
← 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
2023
27 d late
2022
21 d late
2021
29 d late
2020
20 d late
2019
34 d late
2018
28 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€27k▼ 36.9%
2022 · €42k
2018: €35k
2019: €43k▲ +20.7% vs 2018
2020: €35k▼ -18.4% vs 2019
2021: €45k▲ +28.2% vs 2020highest value
2022: €42k▼ -6.0% vs 2021
2025: €27klowest value
2018 → 2025
EBIT margin
10.4%▲ 2.4pp
2022 · 8.0%
2018: 19.1%
2019: 35.0%▲ +83.5% vs 2018highest value
2020: -11.2%▼ -132% vs 2019lowest value
2021: -1.0%▲ +90.8% vs 2020
2022: 8.0%▲ +874% vs 2021
2025: 10.4%
2018 → 2025
Net result
€-948
2023 · €80
2018: €7k
2019: €15k▲ +120% vs 2018highest value
2020: €-4k▼ -126% vs 2019lowest value
2021: €-3k▲ +25.1% vs 2020
2022: €2k▲ +163% vs 2021
2023: €80▼ -95.6% vs 2022
2025: €-948
2018 → 2025
Working capital
€-7k▲ 36.6%
2023 · €-11k
2018: €-18klowest value
2019: €-3k▲ +82.2% vs 2018highest value
2020: €-7k▼ -113% vs 2019
2021: €-11k▼ -55.8% vs 2020
2022: €-10k▲ +7.6% vs 2021
2023: €-11k▼ -8.8% vs 2022
2025: €-7k
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€35k-€45k▲ 28.2%€42k▼ 6.0%€27k
2020: €35k
2021: €45k▲ +28.2% vs 2020highest value
2022: €42k▼ -6.0% vs 2021
2025: €27klowest value
Equity€4k-€1k▼ 70.0%€3k▲ 147%€3k▲ 2.6%€4k▲ 38.0%
2020: €4k
2021: €1k▼ -70.0% vs 2020lowest value
2022: €3k▲ +147% vs 2021
2023: €3k▲ +2.6% vs 2022
2025: €4khighest value
Operating result€-4k-€-462▲ 88.2%€3k€6k▲ 92.6%€3k▼ 57.3%
2020: €-4klowest value
2021: €-462▲ +88.2% vs 2020
2022: €3k▲ +827% vs 2021
2023: €6k▲ +92.6% vs 2022highest value
2025: €3k
Net result€-4k-€-3k▲ 25.1%€2k€80▼ 95.6%€-948
2020: €-4klowest value
2021: €-3k▲ +25.1% vs 2020
2022: €2k▲ +163% vs 2021highest value
2023: €80▼ -95.6% vs 2022
2025: €-948
Result per fiscal year
Operating resultNet result
The operating result is €3k in 2025, compared with €6k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €27k
Fixed assets
€11k ▼ 20.0%
Current assets
€16k ▼ 47.5%
Equity and liabilities €27k
Equity
€4k ▲ 38.0%
Debt
€23k ▼ 44.6%
Debt's share of the balance-sheet total falls from 93.0% to 84.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▼
2023 · €15k
Cash flow
€540▼
2023 · €8k
Current ratio
0.70▼
2023 · 0.74
Debt to equity
5.32▼
2023 · 13.25
ROE
-22.1%▼
2023 · 2.6%
ROA
-3.5%▼
2023 · 0.2%
Interest coverage
27.06▼
2023 · 87.07
Debt ≤ 1 year
€23k▼
2023 · €41k
Income taxes
€4k▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2023 · 40 lines
Balance sheet
Code20232025
Assets
Total assets20/58€44k€27k▼
Fixed assets21/28€14k€11k▼
Tangible fixed assets22/27€14k€11k▼
Land and buildings22€11k€11k=
Furniture and vehicles24€3k-
Current assets29/58€30k€16k▼
Amounts receivable within one year40/41€4k€2k▼
Trade receivables40€4k€2k▼
Cash at bank and in hand54/58€24k€10k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€44k€27k▼
Equity10/15€3k€4k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-17k€-16k▲
Amounts payable17/49€41k€23k▼
Amounts payable within one year42/48€41k€23k▼
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Taxes, remuneration and social security45€593€432▼
Taxes450/3€593€432▼
Other amounts payable47/48€32k€19k▼
Income statement
Code20232025
Turnover70-€27k
Goods, raw materials, services and sundry goods60/61-€19k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€1k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€18k€8k▼
Operating profit (loss)9901€6k€3k▼
Financial charges65/66B€167€157▼
Recurring financial charges65€167€157▼
Profit (loss) for the period before taxes9903€6k€3k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€80€-948▼
Profit (loss) for the period to be appropriated9905€80€-948▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-16k▲
Profit (loss) brought forward from the previous period14P€-17k€-15k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €35k | €45k | €42k | - | €27k | - |
| Goods, raw materials, services and sundry goods60/61 | - | €36k | €31k | - | €19k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €7k | €8k | €1k | - |
| Other operating charges640/8 | - | €3k | €3k | €4k | €4k | - |
| Gross operating margin9900 | €7k | €9k | €13k | €18k | €8k | - |
| Operating profit (loss)9901 | €-4k | €-462 | €3k | €6k | €3k | - |
| Recurring financial income75 | €77 | - | - | - | - | - |
| Financial charges65/66B | - | €137 | €114 | €167 | €157 | - |
| Recurring financial charges65 | - | €137 | €114 | €167 | €157 | - |
| Profit (loss) for the period before taxes9903 | €-4k | €-599 | €3k | €6k | €3k | - |
| Income taxes67/77 | - | €2k | €1k | €6k | €4k | - |
| Profit (loss) for the period9904 | €-4k | €-3k | €2k | €80 | €-948 | - |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-3k | €2k | €80 | €-948 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €55k | €54k | €44k | €27k | - |
| Fixed assets21/28 | €32k | €25k | €18k | €14k | €11k | - |
| Tangible fixed assets22/27 | €32k | €25k | €18k | €14k | €11k | - |
| Land and buildings22 | - | €11k | €11k | €11k | €11k | - |
| Furniture and vehicles24 | - | €385 | €192 | €3k | - | - |
| Leasing and similar rights25 | - | €14k | €7k | - | - | - |
| Current assets29/58 | €25k | €30k | €36k | €30k | €16k | - |
| Amounts receivable within one year40/41 | €4k | €4k | €4k | €4k | €2k | - |
| Trade receivables40 | - | €4k | €4k | €4k | €2k | - |
| Cash at bank and in hand54/58 | €18k | €22k | €29k | €24k | €10k | - |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €3k | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €55k | €54k | €44k | €27k | - |
| Equity10/15 | €4k | €1k | €3k | €3k | €4k | - |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | - |
| Capital10 | - | €19k | €19k | €19k | €19k | - |
| Issued capital100 | - | €19k | €19k | €19k | €19k | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | - |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | - |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | - |
| Profit (loss) carried forward14 | €-16k | €-19k | €-17k | €-17k | €-16k | - |
| Amounts payable17/49 | €53k | €53k | €51k | €41k | €23k | - |
| Amounts payable after more than one year17 | €21k | €13k | €5k | - | - | - |
| Financial debts170/4 | - | €13k | €5k | - | - | - |
| Amounts payable within one year42/48 | €32k | €40k | €45k | €41k | €23k | - |
| Trade debts44 | €2k | €10k | €15k | €9k | €4k | - |
| Suppliers440/4 | - | €10k | €15k | €9k | €4k | - |
| Taxes, remuneration and social security45 | - | €749 | €854 | €593 | €432 | - |
| Taxes450/3 | - | €749 | €854 | €593 | €432 | - |
| Other amounts payable47/48 | - | €29k | €30k | €32k | €19k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-3k | €2k | €80 | €-948 | - |
| + Depreciation and write-downs630 | €7k | €7k | €7k | €8k | €1k | - |
| Operating cash flow (approximation) | €3k | €4k | €9k | €8k | €540 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-4k | - | - |
| Change in cash | - | €4k | €7k | €-5k | - | - |
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
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
31-12
Financial
Highest result since 2018net €15k ▲120%
Operating result €15k, net result €15k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gerpinnes · 1 establishment unit since 1990
Ground area
1,161 m²
Building footprint
125 m²
Volume, LiDAR
925 m³
Parcel 52029B0257/00C000, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Bos-le-Comte(GOU) 28, 6280 Gerpinnes
since 19902.047.403.744
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52029B0257/00C000 | Wallonia | 1,161 m² | 1 · 125 m² | 10.4 m · 3 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.
Similar companies · same sector, comparable size
DEVOLU
BE 0897.614.541
Denderleeuw · Eq €4,287
CROONINVEST
BE 0795.296.367
Antwerpen · Eq €4,294
SODJACAR
BE 0788.267.629
Dilbeek · Eq €4,324
Frederic DASSARGUES
BE 0426.691.914
Ukkel · Eq €4,250
M O B I,
BE 0889.492.176
Lanaken · Eq €4,213
Of 4,415 companies in sector 46180 we hold annual accounts for 1,884. 590 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded02-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.