PIETCH
ActiveSummary
PIETCH has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €5k. Equity is shrinking by ~43.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+89
Solvency65▲+14
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.35 in 2024; short-term debt: 59.5% and cash: 90.3% of total assets), but 59.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 70
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
on the day
2023
2 d early
2022
20 d late
2021
18 d early
2020
47 d early
2019
43 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▲ 69.2%
2024 · €8k
2019: €209k
2020: €140k
2021: €93k
2022: €40k
2023: €22k
2024: €8k
2019 → 2025
Total assets
€32k▲ 8.5%
2024 · €30k
2019: €227k
2020: €149k
2021: €108k
2022: €70k
2023: €24k
2024: €30k
2019 → 2025
Net result
€5k
2024 · €-14k
2019: €9k
2020: €-69k
2021: €-47k
2022: €-53k
2023: €-19k
2024: €-14k
2019 → 2025
Working capital
€11k▲ 44.4%
2024 · €8k
2019: €191k
2020: €138k
2021: €93k
2022: €41k
2023: €22k
2024: €8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€40k▼ 56.5%€22k▼ 45.8%€8k▼ 64.8%€13k▲ 69.2%
Operating result€-45k-€-52k▼ 17.0%€-17k▲ 67.3%€-14k▲ 17.7%€5k
Net result€-47k-€-53k▼ 13.0%€-19k▲ 64.8%€-14k▲ 23.2%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €14k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€2k
Current assets
€30k
Equity and liabilities €32k
Equity
€13k ▲ 69.2%
Debt
€19k ▼ 12.8%
Debt's share of the balance-sheet total falls from 74.1% to 59.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▲
2024 · €-14k
Cash flow
€6k▲
2024 · €-14k
Current ratio
1.58▲
2024 · 1.35
Debt to equity
1.47▼
2024 · 2.85
ROE
40.9%▲
2024 · -184.1%
ROA
16.6%▲
2024 · -47.7%
Interest coverage
40.52▲
2024 · -130.44
Debt ≤ 1 year
€19k▼
2024 · €22k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€30k€32k▲
Fixed assets21/28-€2k
Intangible fixed assets21-€461
Tangible fixed assets22/27-€1k
Furniture and vehicles24-€1k
Current assets29/58€30k€30k▲
Amounts receivable within one year40/41€4k€1k▼
Trade receivables40€3k€1k▼
Other amounts receivable41€80€18▼
Cash at bank and in hand54/58€26k€29k▲
Equity and liabilities
Total equity and liabilities10/49€30k€32k▲
Equity10/15€8k€13k▲
Contributions10/11€10k€10k=
Reserves13€37k€37k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€-40k€-34k▲
Amounts payable17/49€22k€19k▼
Amounts payable within one year42/48€22k€19k▼
Trade debts44€345€91▼
Suppliers440/4€345€91▼
Taxes, remuneration and social security45€0€494▲
Taxes450/3€0€494▲
Other amounts payable47/48€22k€19k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0€460▲
Other operating charges640/8€725€433▼
Gross operating margin9900€-13k€6k▲
Operating profit (loss)9901€-14k€5k▲
Financial income75/76B€2€65▲
Recurring financial income75€2€65▲
Financial charges65/66B€108€145▲
Recurring financial charges65€108€145▲
Profit (loss) for the period before taxes9903€-14k€5k▲
Income taxes67/77€1-
Profit (loss) for the period9904€-14k€5k▲
Profit (loss) for the period to be appropriated9905€-14k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-34k▲
Profit (loss) brought forward from the previous period14P€-25k€-40k▼
The notes to these accounts (11 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
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €5k
Net result €5k after 5 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity times 5current ratio 13.14
Current ratio from 2.46 to 13.14; short-term debt falls from €28k to €2k.
20-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
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 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 2 establishment units since 2011
Ground area
3,065 m²
Building footprint
354 m²
Volume, LiDAR
2,660 m³
2 parcels, Flanders, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Avenue des Constellations 6, 1410 Waterloo
since 20112.205.163.653
Karel van Lorreinenlaan 42, 3080 Tervuren
since 20222.331.168.435
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302G0015/00C000 | Flanders | 2,245 m² | 1 · 188 m² | 9.8 m · 2 fl. |
| 25764O0179/00H000 | Wallonia | 820 m² | 1 · 166 m² | 9.9 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 25,944 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2011
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0476/71.19.24