Pierre Bleue de Wallonie
ActivePierre Bleue de Wallonie has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.28M and a net result of €238k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 65 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-7
Solvency89▼-6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 1.93 in 2024), but 55.6% of the assets are financed with debt.
Credit advice 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
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
44.4%
Return on assets
8.2%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
22 d late
2023
29 d late
2022
24 d late
2021
30 d late
2020
31 d late
2019
27 d late
← before the deadline
after the deadline →
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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€238k▼ 30.0%
2024 · €340k
2018: €95k
2019: €36k
2020: €150k
2021: €388k
2022: €320k
2023: €367k
2024: €340k
2018 → 2025
Working capital
€1.06M▲ 97.5%
2024 · €538k
2018: €-222k
2019: €-311k
2020: €-294k
2021: €77k
2022: €282k
2023: €331k
2024: €538k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€717k-€787k▲ 9.7%€865k▲ 9.9%€1.05M▲ 21.2%€1.28M▲ 22.2%
Operating result€508k-€383k▼ 24.6%€512k▲ 33.6%€447k▼ 12.6%€319k▼ 28.8%
Net result€388k-€320k▼ 17.6%€367k▲ 14.8%€340k▼ 7.4%€238k▼ 30.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.88M
Fixed assets
€1.39M▲ 58.2%
Current assets
€1.50M▲ 34.2%
Equity and liabilities €2.88M
Equity
€1.28M▲ 22.2%
Debt
€1.60M▲ 69.9%
The debt ratio rises from 47.4% to 55.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€696k▼
2024 · €796k
Cash flow
€615k▼
2024 · €688k
Solvency
44.4%▼
2024 · 52.6%
Current ratio
3.44▲
2024 · 1.93
Quick ratio
3.39▲
2024 · 1.88
Debt / equity
1.25▲
2024 · 0.90
ROE
18.6%▼
2024 · 32.4%
ROA
8.2%▼
2024 · 17.0%
Interest coverage
16.21▼
2024 · 24.73
Debt
€1.60M▲
2024 · €944k
Debt ≤ 1 year
€436k▼
2024 · €578k
Debt > 1 year
€1.16M▲
2024 · €360k
Income taxes
€58k▼
2024 · €106k
Staff costs
€112k▲
2024 · €100k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.99M€2.88M▲
Fixed assets21/28€876k€1.39M▲
Tangible fixed assets22/27€874k€1.38M▲
Land and buildings22€57k€44k▼
Plant, machinery and equipment23€44k€28k▼
Furniture and vehicles24€256k€181k▼
Leasing and similar rights25€517k€1.13M▲
Assets under construction and advance payments27€0-
Financial fixed assets28€2k€2k=
Current assets29/58€1.12M€1.50M▲
Amounts receivable after more than one year29€21k€10k▼
Other amounts receivable291€21k€10k▼
Stocks and contracts in progress3€31k€21k▼
Stocks30/36€31k€21k▼
Amounts receivable within one year40/41€120k€203k▲
Trade receivables40€100k€187k▲
Other amounts receivable41€20k€16k▼
Current investments50/53€500k€850k▲
Cash at bank and in hand54/58€446k€414k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€1.99M€2.88M▲
Equity10/15€1.05M€1.28M▲
Contributions10/11€261k€261k=
Capital10€261k€261k=
Issued capital100€261k€261k=
Reserves13€26k€26k=
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Profit (loss) carried forward14€748k€985k▲
Investment grants15€13k€8k▼
Amounts payable17/49€944k€1.60M▲
Amounts payable after more than one year17€360k€1.16M▲
Financial debts170/4€360k€1.16M▲
Amounts payable within one year42/48€578k€436k▼
Current portion of amounts payable after more than one year42€202k€287k▲
Financial debts43€17k€17k▼
Credit institutions430/8€17k€17k▼
Trade debts44€53k€84k▲
Suppliers440/4€53k€84k▲
Taxes, remuneration and social security45€60k€45k▼
Taxes450/3€47k€25k▼
Remuneration and social security454/9€13k€21k▲
Other amounts payable47/48€246k€3k▼
Accrued charges and deferred income492/3€6k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€100k€112k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€349k€377k▲
Other operating charges640/8€33k€36k▲
Gross operating margin9900€930k€843k▼
Operating profit (loss)9901€447k€319k▼
Financial income75/76B€31k€20k▼
Recurring financial income75€31k€20k▼
Financial charges65/66B€32k€43k▲
Recurring financial charges65€32k€43k▲
Profit (loss) for the period before taxes9903€446k€295k▼
Income taxes67/77€106k€58k▼
Profit (loss) for the period9904€340k€238k▼
Profit (loss) for the period to be appropriated9905€340k€238k▼
Appropriation of the result
Profit (loss) to be appropriated9906€908k€985k▲
Profit (loss) brought forward from the previous period14P€569k€748k▲
Profit to be distributed694/7€161k€0▼
Return on contributions (dividend)694€161k€0▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
31-12
Financial
Equity above €1MEq €1.05M ▲21.2%
7 profitable years in a row build equity to €1.05M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €388k ▲159%
Net result €388k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.51 to 1.16; short-term debt falls from €597k to €474k.
31-12
Financial
Equity above €500kEq €717k ▲60.2%
4 profitable years in a row build equity to €717k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €36k ▼62.1%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
no sitting director, last change in 2019
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.
31-12-2019
Daniel ROMEIJER: Resigned as Director
09-09-2015
Meusinvest: Resigned as Director
01-09-2005
M. BYNENS: Resigned as Director
01-09-2005
N.V. IMPEXCO: Resigned as Director
01-09-2005
S.CYPERS: Resigned as Director
Not every act has been read: a resignation may be missing here
13 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ouffet · 1 establishment unit since 1981
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.
Troydo 1514590 Ouffet1 establishment unit
Troydo -, 4590 Ouffet
since 19812.018.976.311
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Of 113 companies in sector 08111 we hold annual accounts for 95. 64 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-11-1979
Fiscal year end31-12
Activities, NACEBEL
08111Other mining and quarrying
08112Other mining and quarrying
14122
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filings
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.