PIERRE DE WINTER
ActiveSummary
PIERRE DE WINTER has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €896k and a net result of €26k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 12.79 against 14.07 in 2024; short-term debt: 5.8% and cash: 11.5% of total assets), and 6.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
93.9%
Return on assets
2.7%
Age of the figures
18 mo
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 11-09-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
48 d early
2023
33 d early
2022
55 d early
2021
31 d early
2020
52 d early
2019
20 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€896k▲ 3.0%
2024 · €870k
2019: €600klowest in 7 years
2020: €669k▲ +11.7% vs 2019
2021: €625k▼ -6.7% vs 2020
2022: €731k▲ +17.1% vs 2021
2023: €833k▲ +13.9% vs 2022
2024: €870k▲ +4.4% vs 2023
2025: €896k▲ +3.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€954k▲ 3.8%
2024 · €919k
2019: €616klowest in 7 years
2020: €690k▲ +12.0% vs 2019
2021: €776k▲ +12.5% vs 2020
2022: €789k▲ +1.8% vs 2021
2023: €895k▲ +13.4% vs 2022
2024: €919k▲ +2.7% vs 2023
2025: €954k▲ +3.8% vs 2024highest in 7 years
2019 → 2025
Net result
€26k▼ 29.0%
2024 · €37k
2019: €79k
2020: €70k▼ -10.9% vs 2019
2021: €90k▲ +28.9% vs 2020
2022: €107k▲ +18.3% vs 2021highest in 7 years
2023: €102k▼ -4.4% vs 2022
2024: €37k▼ -64.0% vs 2023
2025: €26k▼ -29.0% vs 2024lowest in 7 years
2019 → 2025
Working capital
€657k▲ 7.7%
2024 · €610k
2019: €328klowest in 7 years
2020: €407k▲ +24.2% vs 2019
2021: €372k▼ -8.7% vs 2020
2022: €487k▲ +31.1% vs 2021
2023: €553k▲ +13.4% vs 2022
2024: €610k▲ +10.5% vs 2023
2025: €657k▲ +7.7% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€625k-€731k▲ 17.1%€833k▲ 13.9%€870k▲ 4.4%€896k▲ 3.0%
2021: €625klowest in 5 years
2022: €731k▲ +17.1% vs 2021
2023: €833k▲ +13.9% vs 2022
2024: €870k▲ +4.4% vs 2023
2025: €896k▲ +3.0% vs 2024highest in 5 years
Operating result€124k-€153k▲ 23.3%€151k▼ 1.6%€51k▼ 65.9%€20k▼ 60.9%
2021: €124k
2022: €153k▲ +23.3% vs 2021highest in 5 years
2023: €151k▼ -1.6% vs 2022
2024: €51k▼ -65.9% vs 2023
2025: €20k▼ -60.9% vs 2024lowest in 5 years
Net result€90k-€107k▲ 18.3%€102k▼ 4.4%€37k▼ 64.0%€26k▼ 29.0%
2021: €90k
2022: €107k▲ +18.3% vs 2021highest in 5 years
2023: €102k▼ -4.4% vs 2022
2024: €37k▼ -64.0% vs 2023
2025: €26k▼ -29.0% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €954k
Fixed assets
€241k ▼ 7.8%
Current assets
€713k ▲ 8.5%
Equity and liabilities €954k
Equity
€896k ▲ 3.0%
Debt
€58k ▲ 18.8%
Debt's share of the balance-sheet total rises from 5.4% to 6.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▼
2024 · €73k
Cash flow
€47k▼
2024 · €58k
Current ratio
12.79▼
2024 · 14.07
Debt to equity
0.07▲
2024 · 0.06
ROE
2.9%▼
2024 · 4.2%
ROA
2.7%▼
2024 · 4.0%
Interest coverage
23.04▼
2024 · 42.17
Debt ≤ 1 year
€56k▲
2024 · €47k
Income taxes
€14k▼
2024 · €20k
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 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€919k€954k▲
Fixed assets21/28€262k€241k▼
Tangible fixed assets22/27€262k€241k▼
Land and buildings22€225k€217k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€35k€23k▼
Current assets29/58€657k€713k▲
Amounts receivable within one year40/41€4k€26k▲
Trade receivables40€50€26k▲
Other amounts receivable41€4k€221▼
Current investments50/53€199k€576k▲
Cash at bank and in hand54/58€452k€110k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€919k€954k▲
Equity10/15€870k€896k▲
Contributions10/11€1k€1k=
Reserves13€805k€831k▲
Distributable reserves133€805k€831k▲
Profit (loss) carried forward14€64k€64k=
Amounts payable17/49€49k€58k▲
Amounts payable within one year42/48€47k€56k▲
Trade debts44€219€1k▲
Suppliers440/4€219€1k▲
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48€46k€50k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▲
Other operating charges640/8€676€439▼
Gross operating margin9900€73k€42k▼
Operating profit (loss)9901€51k€20k▼
Financial income75/76B€7k€22k▲
Recurring financial income75€7k€22k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€57k€40k▼
Income taxes67/77€20k€14k▼
Profit (loss) for the period9904€37k€26k▼
Profit (loss) for the period to be appropriated9905€37k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€100k€90k▼
Profit (loss) brought forward from the previous period14P€64k€64k=
Transfer to equity691/2€37k€26k▼
To other reserves6921€37k€26k▼
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €21k | €21k | €21k | ▲ 0.1% |
| Other operating charges640/8 | - | €2k | €348 | €676 | €439 | ▼ 35.1% |
| Gross operating margin9900 | €136k | €165k | €172k | €73k | €42k | ▼ 43.0% |
| Operating profit (loss)9901 | €124k | €153k | €151k | €51k | €20k | ▼ 60.9% |
| Financial income75/76B | - | €1k | €2k | €7k | €22k | ▲ 197% |
| Recurring financial income75 | €1k | €1k | €2k | €7k | €22k | ▲ 197% |
| Financial charges65/66B | - | €3k | €2k | €2k | €2k | ▲ 4.2% |
| Recurring financial charges65 | €2k | €3k | €2k | €2k | €2k | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €123k | €152k | €151k | €57k | €40k | ▼ 29.6% |
| Income taxes67/77 | €33k | €45k | €49k | €20k | €14k | ▼ 30.6% |
| Profit (loss) for the period9904 | €90k | €107k | €102k | €37k | €26k | ▼ 29.0% |
| Profit (loss) for the period to be appropriated9905 | €90k | €107k | €102k | €37k | €26k | ▼ 29.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €776k | €789k | €895k | €919k | €954k | ▲ 3.8% |
| Fixed assets21/28 | €253k | €245k | €282k | €262k | €241k | ▼ 7.8% |
| Tangible fixed assets22/27 | €253k | €245k | €282k | €262k | €241k | ▼ 7.8% |
| Land and buildings22 | - | €242k | €234k | €225k | €217k | ▼ 3.8% |
| Plant, machinery and equipment23 | - | €1k | €2k | €2k | €1k | ▼ 22.9% |
| Furniture and vehicles24 | - | €890 | €47k | €35k | €23k | ▼ 33.4% |
| Current assets29/58 | €523k | €545k | €613k | €657k | €713k | ▲ 8.5% |
| Amounts receivable within one year40/41 | €31k | €38k | €17k | €4k | €26k | ▲ 544% |
| Trade receivables40 | - | €38k | €17k | €50 | €26k | ▲ 50,900% |
| Other amounts receivable41 | - | - | - | €4k | €221 | ▼ 94.4% |
| Current investments50/53 | €109k | €109k | €98k | €199k | €576k | ▲ 189% |
| Cash at bank and in hand54/58 | €381k | €397k | €496k | €452k | €110k | ▼ 75.7% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €2k | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €776k | €789k | €895k | €919k | €954k | ▲ 3.8% |
| Equity10/15 | €625k | €731k | €833k | €870k | €896k | ▲ 3.0% |
| Contributions10/11 | - | €1k | €1k | €1k | €1k | = |
| Reserves13 | €560k | €667k | €768k | €805k | €831k | ▲ 3.2% |
| Distributable reserves133 | - | €667k | €768k | €805k | €831k | ▲ 3.2% |
| Profit (loss) carried forward14 | €64k | €64k | €64k | €64k | €64k | = |
| Amounts payable17/49 | €151k | €58k | €62k | €49k | €58k | ▲ 18.8% |
| Amounts payable within one year42/48 | €151k | €57k | €61k | €47k | €56k | ▲ 19.4% |
| Trade debts44 | €748 | €370 | €5 | €219 | €1k | ▲ 553% |
| Suppliers440/4 | - | €370 | €5 | €219 | €1k | ▲ 553% |
| Taxes, remuneration and social security45 | - | €18k | €18k | - | €4k | - |
| Taxes450/3 | - | €18k | €18k | - | €4k | - |
| Other amounts payable47/48 | - | €39k | €43k | €46k | €50k | ▲ 7.7% |
| Accrued charges and deferred income492/3 | - | €668 | €1k | €3k | €3k | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90k | €107k | €102k | €37k | €26k | ▼ 29.0% |
| + Depreciation and write-downs630 | €10k | €10k | €21k | €21k | €21k | ▲ 0.1% |
| Operating cash flow (approximation) | €101k | €117k | €123k | €58k | €47k | ▼ 18.4% |
| Investment in fixed assets (approximation) | - | €-2k | €-58k | €-1k | €-652 | ▲ 45.0% |
| Change in cash | - | €15k | €99k | €-44k | €-342k | ▼ 673% |
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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €26k ▼29%
Net result drops to €26k, the lowest in the series.
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €107k ▲18.3%
Operating result €153k, net result €107k, both a record.
31-03
Financial
Liquidity triplescurrent ratio 9.48
Current ratio from 3.46 to 9.48; short-term debt falls from €151k to €57k.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
01-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-09
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 3 acts read
About the unread acts
We know of 3 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
3 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, Tremelo · 1 establishment unit since 2009
Ground area
1,376 m²
Building footprint
183 m²
Volume, LiDAR
857 m³
Parcel 24109A0532/00B002, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PIERRE DE WINTER
since 20092.183.550.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24109A0532/00B002 | Flanders | 1,376 m² | 1 · 183 m² | 6.9 m · 2 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
Legal Entity Identifier
967600I4T6PBOIKJ7C95
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 29,058 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
Founded14-12-2009
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.