PIERREHUB

Active

Private limited companyfounded 201114 yrs activeTrooststraat 93, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0842.188.939

The computed 12-month bankruptcy probability of PIERREHUB is 1.7% (moderate). The 2024 annual accounts show equity of €74k and a net result of €8k. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 9982 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

49 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability45▼-9

Solvency43▲+3

Growth52=

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days acceptable

Liquidity ample (current ratio 1.67 against 1.38 in 2023; short-term debt: 8.4% and cash: 6.6% of total assets), but 82.4% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

17.6%

Return on assets

1.9%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9982 sector peers (2024).

NBB · sector comparison

Position among 9982 sector peers

Solvency

better than 25%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

38 d early

2023

47 d early

2022

on the day

2021

10 d late

2020

20 d late

2019

62 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€8k▲ 59.3%

2023 · €5k

2018: €10k 2019: €2k 2020: €8k 2021: €11k 2022: €17k 2023: €5k

2018 → 2024

Working capital

€24k▲ 25.6%

2023 · €19k

2018: €17k 2019: €22k 2020: €27k 2021: €38k 2022: €88k 2023: €19k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€33k-€43k▲ 32.7%€61k▲ 39.5%€66k▲ 8.4%€74k▲ 12.3%

Operating result€10k-€15k▲ 42.5%€25k▲ 67.6%€21k▼ 17.2%€25k▲ 19.4%

Net result€8k-€11k▲ 31.9%€17k▲ 60.3%€5k▼ 70.4%€8k▲ 59.3%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 19% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €420k

86.0%

14.0%

Fixed assets €361k▼ 4.5%

Current assets €59k▼ 13.3%

Equity and liabilities €420k

17.6%

82.4%

Equity €74k▲ 12.3%

Debt €346k▼ 8.9%

The debt ratio falls from 85.3% to 82.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€39k▼

2023 · €47k

Cash flow

€22k▼

2023 · €31k

Solvency

17.6%▲

2023 · 14.7%

Current ratio

1.67▲

2023 · 1.38

Quick ratio

1.67▲

2023 · 1.38

Debt / equity

4.69▼

2023 · 5.79

ROE

11.0%▲

2023 · 7.7%

ROA

1.9%▲

2023 · 1.1%

Interest coverage

2.92▼

2023 · 4.05

Debt

€346k▼

2023 · €380k

Debt ≤ 1 year

€35k▼

2023 · €49k

Debt > 1 year

€311k▼

2023 · €331k

Income taxes

€4k▼

2023 · €5k

Staff costs

€59k▲

2023 · €33k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€446k€420k▼

Fixed assets21/28€378k€361k▼

Tangible fixed assets22/27€377k€361k▼

Land and buildings22€367k€352k▼

Plant, machinery and equipment23€7k€7k▼

Furniture and vehicles24€4k€2k▼

Financial fixed assets28€794€795▲

Current assets29/58€68k€59k▼

Amounts receivable within one year40/41€38k€29k▼

Trade receivables40€31k€24k▼

Other amounts receivable41€7k€5k▼

Cash at bank and in hand54/58€25k€28k▲

Deferred charges and accrued income490/1€5k€2k▼

Equity and liabilities

Total equity and liabilities10/49€446k€420k▼

Equity10/15€66k€74k▲

Contributions10/11€19k€19k=

Reserves13€43k€51k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€41k€49k▲

Profit (loss) carried forward14€4k€4k=

Amounts payable17/49€380k€346k▼

Amounts payable after more than one year17€331k€311k▼

Financial debts170/4€330k€310k▼

Other amounts payable178/9€900€900=

Amounts payable within one year42/48€49k€35k▼

Current portion of amounts payable after more than one year42€19k€20k▲

Trade debts44€20k€7k▼

Suppliers440/4€20k€7k▼

Taxes, remuneration and social security45€5k€2k▼

Taxes450/3€5k€1k▼

Remuneration and social security454/9-€698

Other amounts payable47/48€4k€6k▲

Income statement Code20232024

Remuneration, social security and pensions62€33k€59k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€14k▼

Other operating charges640/8€2k€5k▲

Gross operating margin9900€82k€103k▲

Operating profit (loss)9901€21k€25k▲

Financial income75/76B€951€708▼

Recurring financial income75€951€537▼

Non-recurring financial income76B-€170

Financial charges65/66B€12k€13k▲

Recurring financial charges65€12k€13k▲

Profit (loss) for the period before taxes9903€10k€12k▲

Income taxes67/77€5k€4k▼

Profit (loss) for the period9904€5k€8k▲

Profit (loss) for the period to be appropriated9905€5k€8k▲

Appropriation of the result

Profit (loss) to be appropriated9906€9k€12k▲

Profit (loss) brought forward from the previous period14P€4k€4k=

Transfer to equity691/2€5k€8k▲

To other reserves6921€5k€8k▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

14-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2018net €17k ▲60.3%

Operating result €25k, net result €17k, both a record.

10-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 10 days late

2021

20-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 20 days late

2020

01-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 62 days late

2019

31-12

Financial Weakest financial yearnet €2k ▼75.6%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

24-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

25-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

06-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

13-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Schaarbeek · 1 establishment unit since 2011

establishment The establishment unit on the map

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.

Trooststraat 931030 Schaarbeek

Ground area

2,713 m²

Building footprint

1,292 m²

Volume, LiDAR

32,642 m³

2 parcels, Brussels · tallest building 33.3 m, ±9 floors. Linked by address, not a title deed.

1 establishment unit

Pierrehub

de Meeûssquare 38/40, 1000 BrusselBricklaying and masonry work

since 20112.205.738.527

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21805E0461/00L000 ProtectedArchitectural ensembleGeheel van neoclassicistische huizenSource ↗	Brussels	2,479 m²	1 · 1,096 m²	33.3 m · 9 fl.
21906D0075/00B004	Brussels	234 m²	1 · 195 m²	19.9 m · 6 fl.