PIERREOPT
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 25-09-2026 at the NBB all 6 filings
Turnover
€263,242▲ 4.1%
2025 · €252,908
EBIT margin
24.4%▼ 11.0pp
2025 · 35.3%
Net result
€38,879▼ 34.6%
2025 · €59,469
Working capital
€266,437▲ 7.0%
2025 · €249,060
In the rankings
#10 company by equity in Sambreville, Manufacturing sector
Multi-year overview
2021 to 2026, 6 financial yearsTurnover
€263,242
▲ 4.1%
2026
20212026
Operating result
€64,221
▼ 28.2%
2026
20212026
Net result
€38,879
▼ 34.6%
2026
20212026
EBIT margin
24.4%
▼ 11.0pp
2026
20212026
Equity
€306,707
▲ 14.5%
2026
20212026
Total assets
€418,979
▲ 9.7%
2026
20212026
Debt
€112,272
▼ 1.5%
2026
20212026
Working capital
€266,437
▲ 7.0%
2026
20212026
Solvency
73.2%
▲ 3.0pp
2026
20212026
Current ratio
3.37
▲ 0.19
2026
20212026
Return on assets (ROA)
9.3%
▼ 6.3pp
2026
20212026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023202420252026
Turnover€259,733-€224,196▼ 13.7%€208,640▼ 6.9%€211,358▲ 1.3%€252,908▲ 19.7%€263,242▲ 4.1%
Operating result€94,923-€75,716▼ 20.2%€71,269▼ 5.9%€56,383▼ 20.9%€89,399▲ 58.6%€64,221▼ 28.2%
Net result€69,152above the sector's middle half-€51,803above the sector's middle half▼ 25.1%€46,910above the sector's middle half▼ 9.4%€37,493above the sector's middle half▼ 20.1%€59,469above the sector's middle half▲ 58.6%€38,879▼ 34.6%
EBIT margin36.5%-33.8%▼ 2.8pp34.2%▲ 0.4pp26.7%▼ 7.5pp35.3%▲ 8.7pp24.4%▼ 11.0pp
Equity€72,152within the sector's middle half-€123,955within the sector's middle half▲ 71.8%€170,865within the sector's middle half▲ 37.8%€208,358above the sector's middle half▲ 21.9%€267,827above the sector's middle half▲ 28.5%€306,707▲ 14.5%
Total assets€174,333within the sector's middle half-€239,004within the sector's middle half▲ 37.1%€298,062within the sector's middle half▲ 24.7%€305,615within the sector's middle half▲ 2.5%€381,772within the sector's middle half▲ 24.9%€418,979▲ 9.7%
Debt€102,181-€115,049▲ 12.6%€127,197▲ 10.6%€97,257▼ 23.5%€113,945▲ 17.2%€112,272▼ 1.5%
Working capital€27,345within the sector's middle half-€87,249within the sector's middle half▲ 219%€142,888above the sector's middle half▲ 63.8%€184,287above the sector's middle half▲ 29.0%€249,060above the sector's middle half▲ 35.1%€266,437▲ 7.0%
Solvency41.4%within the sector's middle half-51.9%within the sector's middle half▲ 10.5pp57.3%within the sector's middle half▲ 5.5pp68.2%within the sector's middle half▲ 10.9pp70.2%within the sector's middle half▲ 2.0pp73.2%▲ 3.0pp
Current ratio1.27within the sector's middle half-1.76within the sector's middle half▲ 0.492.12within the sector's middle half▲ 0.362.89within the sector's middle half▲ 0.773.19within the sector's middle half▲ 0.293.37▲ 0.19
Return on assets (ROA)39.7%above the sector's middle half-21.7%above the sector's middle half▼ 18.0pp15.7%above the sector's middle half▼ 5.9pp12.3%within the sector's middle half▼ 3.5pp15.6%above the sector's middle half▲ 3.3pp9.3%▼ 6.3pp
above
within
below
The sector band is the middle half of the companies in Manufacture of other non-metallic mineral products (NACE 23). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 28% lower than in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €418,979
Fixed assets
€40,270 ▲ 115%
Current assets
€378,709 ▲ 4.3%
Equity and liabilities €418,979
Equity
€306,707 ▲ 14.5%
Debt
€112,272 ▼ 1.5%
Debt's share of the balance-sheet total falls from 29.8% to 26.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,108▼
2025 · €95,594
Cash flow
€46,766▼
2025 · €65,664
Quick ratio
2.68▲
2025 · 2.52
Debt to equity
0.37▼
2025 · 0.43
ROE
12.7%▼
2025 · 22.2%
Interest coverage
73.13▼
2025 · 96.76
Debt ≤ 1 year
€112,272▼
2025 · €113,945
Income taxes
€25,096▼
2025 · €29,266
Customer credit
3 days▲
2025 · 1 day
Supplier credit
21 days▼
2025 · 21 days
Staff costs
€197▲
2025 · €140
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,647 | €2,506 | €2,894 | €893 | €35,411 |
| Depreciation and write-downs of the year | €11,748 | €11,239 | €6,800 | €6,195 | €7,887 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €259,733 | €224,196 | €208,640 | €211,358 | €252,908 | €263,242 | ▲ 4.1% |
| Non-recurring operating income76A | - | - | €2,250 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €140,890 | €127,045 | €143,350 | €155,074 | €170,402 | ▲ 9.9% |
| Remuneration, social security and pensions62 | - | €246 | €141 | €141 | €140 | €197 | ▲ 40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,177 | €11,748 | €11,239 | €6,800 | €6,195 | €7,887 | ▲ 27.3% |
| Other operating charges640/8 | - | €596 | €1,195 | €4,684 | €2,100 | €7,535 | ▲ 259% |
| Non-recurring operating charges66A | - | - | - | - | - | €13,000 | - |
| Gross operating margin9900 | €109,997 | €88,306 | €83,844 | €68,008 | €97,834 | €92,840 | ▼ 5.1% |
| Operating profit (loss)9901 | €94,923 | €75,716 | €71,269 | €56,383 | €89,399 | €64,221 | ▼ 28.2% |
| Financial income75/76B | - | €104 | - | - | €324 | €740 | ▲ 128% |
| Recurring financial income75 | €163 | €104 | - | - | €324 | €740 | ▲ 128% |
| Financial charges65/66B | - | €951 | €924 | €958 | €988 | €986 | ▼ 0.2% |
| Recurring financial charges65 | €934 | €951 | €924 | €958 | €988 | €986 | ▼ 0.2% |
| Profit (loss) for the period before taxes9903 | €94,152 | €74,869 | €70,345 | €55,425 | €88,735 | €63,975 | ▼ 27.9% |
| Income taxes67/77 | €25,000 | €23,066 | €23,435 | €17,932 | €29,266 | €25,096 | ▼ 14.2% |
| Profit (loss) for the period9904 | €69,152 | €51,803 | €46,910 | €37,493 | €59,469 | €38,879 | ▼ 34.6% |
| Profit (loss) for the period to be appropriated9905 | €69,152 | €51,803 | €46,910 | €37,493 | €59,469 | €38,879 | ▼ 34.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €174,333 | €239,004 | €298,062 | €305,615 | €381,772 | €418,979 | ▲ 9.7% |
| Fixed assets21/28 | €44,807 | €36,706 | €27,977 | €24,071 | €18,767 | €40,270 | ▲ 115% |
| Tangible fixed assets22/27 | €44,007 | €35,906 | €27,177 | €23,271 | €17,967 | €39,470 | ▲ 120% |
| Land and buildings22 | - | €15,613 | €13,910 | €13,618 | €10,580 | €9,672 | ▼ 8.6% |
| Plant, machinery and equipment23 | - | €12,980 | €10,393 | €8,207 | €6,020 | €28,309 | ▲ 370% |
| Furniture and vehicles24 | - | €7,313 | €2,874 | €1,446 | €1,367 | €1,489 | ▲ 8.9% |
| Financial fixed assets28 | €800 | €800 | €800 | €800 | €800 | €800 | = |
| Current assets29/58 | €129,526 | €202,298 | €270,085 | €281,544 | €363,005 | €378,709 | ▲ 4.3% |
| Stocks and contracts in progress3 | €61,430 | €64,979 | €70,163 | €75,537 | €75,501 | €77,395 | ▲ 2.5% |
| Stocks30/36 | - | €64,979 | €70,163 | €75,537 | €75,501 | €77,395 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €84 | €388 | €75 | €84 | €610 | €2,310 | ▲ 279% |
| Other amounts receivable41 | - | €388 | €75 | €84 | €610 | €2,310 | ▲ 279% |
| Cash at bank and in hand54/58 | €67,653 | €136,931 | €198,995 | €204,758 | €285,419 | €297,057 | ▲ 4.1% |
| Deferred charges and accrued income490/1 | - | - | €852 | €1,165 | €1,475 | €1,947 | ▲ 32.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €174,333 | €239,004 | €298,062 | €305,615 | €381,772 | €418,979 | ▲ 9.7% |
| Equity10/15 | €72,152 | €123,955 | €170,865 | €208,358 | €267,827 | €306,707 | ▲ 14.5% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | - | €3,000 | - | - | - | - | - |
| Issued capital100 | - | €3,000 | - | - | - | - | - |
| Reserves13 | €60,000 | €110,000 | €165,955 | €202,955 | €261,955 | €299,955 | ▲ 14.5% |
| Distributable reserves133 | - | €110,000 | €165,955 | €202,955 | €261,955 | €299,955 | ▲ 14.5% |
| Profit (loss) carried forward14 | €9,152 | €10,955 | €1,910 | €2,403 | €2,872 | €3,752 | ▲ 30.6% |
| Amounts payable17/49 | €102,181 | €115,049 | €127,197 | €97,257 | €113,945 | €112,272 | ▼ 1.5% |
| Amounts payable within one year42/48 | €102,181 | €115,049 | €127,197 | €97,257 | €113,945 | €112,272 | ▼ 1.5% |
| Trade debts44 | €12,293 | €11,087 | €5,234 | €3,307 | €9,114 | €9,964 | ▲ 9.3% |
| Suppliers440/4 | - | €11,087 | €5,234 | €3,307 | €9,114 | €9,964 | ▲ 9.3% |
| Taxes, remuneration and social security45 | - | €10,156 | €27,010 | €1,763 | €8,024 | €3,806 | ▼ 52.6% |
| Taxes450/3 | - | €10,156 | €27,010 | €1,763 | €8,024 | €3,806 | ▼ 52.6% |
| Other amounts payable47/48 | - | €93,806 | €94,953 | €92,187 | €96,807 | €98,502 | ▲ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,152 | €51,803 | €46,910 | €37,493 | €59,469 | €38,879 | ▼ 34.6% |
| + Depreciation and write-downs630 | €14,177 | €11,748 | €11,239 | €6,800 | €6,195 | €7,887 | ▲ 27.3% |
| Operating cash flow (approximation) | €83,329 | €63,551 | €58,149 | €44,293 | €65,664 | €46,766 | ▼ 28.8% |
| Investment in fixed assets (approximation) | - | -€3,647 | -€2,510 | -€2,894 | -€891 | -€29,390 | ▼ 3,199% |
| Change in cash | - | €69,278 | €62,064 | €5,763 | €80,661 | €11,638 | ▼ 85.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as PIERREOPT has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PIERREOPT itself is lower: 0.1% within 12 months. It rests on far more data about PIERREOPT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for PIERREOPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 25-09-2026 | 2026-00528991 | |
| 31-03-2025 | micro format | 15-09-2025 | 2025-00493191 | |
| 31-03-2024 | micro format | 25-09-2024 | 2024-00471521 | |
| 31-03-2023 | micro format | 11-09-2023 | 2023-00446488 | |
| 31-03-2022 | micro format | 06-10-2022 | 2022-20454067 | |
| 31-03-2021 | micro format | 22-10-2021 | 2021-72700522 |