PIERROT
ActivePIERROT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €28k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-7
Solvency52▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.21 in 2024; short-term debt: 72.9% and cash: 57.9% of total assets), and 73% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
27%
Return on assets
19.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
49 d early
2023
42 d early
2022
55 d early
2021
1 d early
2020
4 d early
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€39k▼ 36.1%
2024 · €61k
2018: €19k
2019: €22k
2020: €40k
2021: €41k
2022: €42k
2023: €60k
2024: €61k
2018 → 2025
Total assets
€145k▼ 22.7%
2024 · €187k
2018: €155k
2019: €118k
2020: €137k
2021: €165k
2022: €241k
2023: €152k
2024: €187k
2018 → 2025
Net result
€28k▼ 54.5%
2024 · €61k
2018: €35k
2019: €3k
2020: €18k
2021: €52k
2022: €52k
2023: €18k
2024: €61k
2018 → 2025
Working capital
€12k▼ 54.5%
2024 · €27k
2018: €649
2019: €9k
2020: €41k
2021: €36k
2022: €7k
2023: €17k
2024: €27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€42k▲ 0.5%€60k▲ 43.4%€61k▲ 2.3%€39k▼ 36.1%
Operating result€72k-€75k▲ 4.6%€27k▼ 63.8%€87k▲ 219%€39k▼ 54.5%
Net result€52k-€52k▲ 1.0%€18k▼ 65.3%€61k▲ 239%€28k▼ 54.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145k
Fixed assets
€27k▼ 21.7%
Current assets
€117k▼ 22.9%
Equity and liabilities €145k
Equity
€39k▼ 36.1%
Debt
€105k▼ 16.2%
The debt ratio rises from 67.3% to 73.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€53k▼
2024 · €101k
Cash flow
€42k▼
2024 · €76k
Solvency
27.0%▼
2024 · 32.7%
Current ratio
1.12▼
2024 · 1.21
Quick ratio
0.97▼
2024 · 1.07
Debt / equity
2.70▲
2024 · 2.06
ROE
71.5%▼
2024 · 100.4%
ROA
19.3%▼
2024 · 32.8%
Interest coverage
76.58▲
2024 · 34.69
Debt
€105k▼
2024 · €126k
Debt ≤ 1 year
€105k▼
2024 · €126k
Income taxes
€11k▼
2024 · €22k
Staff costs
€79k▲
2024 · €72k
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€187k€145k▼
Fixed assets21/28€35k€27k▼
Tangible fixed assets22/27€35k€27k▼
Plant, machinery and equipment23-€851
Furniture and vehicles24€31k€24k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€125€125=
Current assets29/58€152k€117k▼
Stocks and contracts in progress3€18k€16k▼
Stocks30/36€18k€16k▼
Amounts receivable within one year40/41€8k€10k▲
Trade receivables40€7k-
Other amounts receivable41€732€10k▲
Cash at bank and in hand54/58€119k€84k▼
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€187k€145k▼
Equity10/15€61k€39k▼
Contributions10/11€12k€12k=
Reserves13€49k€27k▼
Non-distributable reserves130/1€999€999=
Reserves not available under the articles1311€999€999=
Distributable reserves133€48k€26k▼
Amounts payable17/49€126k€105k▼
Amounts payable within one year42/48€126k€105k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€12k€8k▼
Suppliers440/4€12k€8k▼
Taxes, remuneration and social security45€41k€21k▼
Taxes450/3€35k€14k▼
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€68k€77k▲
Accrued charges and deferred income492/3€134€139▲
Income statement
Code20242025
Remuneration, social security and pensions62€72k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€275€411▲
Gross operating margin9900€174k€133k▼
Operating profit (loss)9901€87k€39k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€696▼
Recurring financial charges65€3k€696▼
Profit (loss) for the period before taxes9903€84k€39k▼
Income taxes67/77€22k€11k▼
Profit (loss) for the period9904€61k€28k▼
Profit (loss) for the period to be appropriated9905€61k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€28k▼
Transfer from equity791/2-€22k
Transfer to equity691/2€1k-
To other reserves6921€1k-
Profit to be distributed694/7€60k€50k▼
Return on contributions (dividend)694€60k€50k▼
Social balance
Average headcount (FTE)90871.92.1▲
The notes to these accounts (8 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
19-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation3 facts ▸
- General meeting, 07/10/2025
- Director resignation, Vandenberghe Hélène (medebestuurder)
- Director resignation, Deville Isabelle (medebestuurder)
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €61k ▲239%
Operating result €87k, net result €61k, both a record.
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €3k ▼91.7%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
30-09-2025
Deville Isabelle: Resigned as Medebestuurder
30-09-2025
Vandenberghe Héléne: Resigned as Medebestuurder
09-01-2024
GOVAERT Marie-Hélène: Resigned as Director
09-01-2024
VANDENBERGHE François: Resigned as Director
Location & real-estate footprint
Registered office, De Panne · 2 establishment units since 2013
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.
Hoge Duinenlaan 228660 De PanneGround area
1,361 m²
Building footprint
944 m²
Volume, LiDAR
20,083 m³
2 parcels, Flanders · tallest building 29.6 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
PIERROT
since 20132.216.231.650
Zeedijk 21, 8660 De Panne
since 20132.254.962.859
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38008A0192/00C000 | Flanders | 781 m² | 1 · 795 m² | 29.6 m · 9 fl. |
| 38352E0369/00_000 | Flanders | 580 m² | 1 · 149 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Panne2.216.231.650
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2020
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DELI ANDERLECHT
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Of 2,407 companies in sector 47241 we hold annual accounts for 1,100. 921 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2012
Fiscal year end30-09
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:blancastel.vdb@gmail.com
Phone:058627402