PIETRI

Active

Private limited companyfounded 20215 yrs activeBellevaux-Rue Saint Aubin 30, 4960 Malmedy, BelgiumKBO/BCE: BE 0764.427.504

The computed 12-month bankruptcy probability of PIETRI is 2.6% (moderate). The 2024 annual accounts show equity of €104k and a net result of €91k. Equity is growing by ~98.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 36373 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

61 / 100

Healthy

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

Axes · tick = 2023

Profitability97▼-3

Solvency50▼-45

Growth78=

Track record94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity tight (current ratio 1.01 against 4.05 in 2023; short-term debt: 68.4% and cash: 30% of total assets), and 74.7% 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

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

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

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

37 d early

2023

28 d early

2022

33 d early

2021

27 d early

← 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

Equity

€104k▼ 58.1%

2023 · €248k

2021: €15k 2022: €24k 2023: €248k

2021 → 2024

Total assets

€411k▲ 16.5%

2023 · €353k

2021: €156k 2022: €177k 2023: €353k

2021 → 2024

Net result

€91k▼ 59.2%

2023 · €224k

2021: €10k 2022: €9k 2023: €224k

2021 → 2024

Working capital

€3k▼ 98.4%

2023 · €168k

2021: €-23k 2022: €-12k 2023: €168k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€15k-€24k▲ 59.0%€248k▲ 924%€104k▼ 58.1%

Operating result€13k-€12k▼ 6.2%€483▼ 95.9%€108k▲ 22,338%

Net result€10k-€9k▼ 12.2%€224k▲ 2,390%€91k▼ 59.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 22,338% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €411k

31.0%

69.0%

Fixed assets €127k▼ 1.6%

Current assets €284k▲ 27.0%

Equity and liabilities €411k

25.3%

74.7%

Equity €104k▼ 58.1%

Debt €307k▲ 193%

The debt ratio rises from 29.7% to 74.7%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€148k▲

2023 · €34k

Cash flow

€131k▼

2023 · €257k

Solvency

25.3%▼

2023 · 70.3%

Current ratio

1.01▼

2023 · 4.05

Quick ratio

1.01▼

2023 · 4.05

Debt / equity

2.95▲

2023 · 0.42

ROE

87.9%▼

2023 · 90.2%

ROA

22.2%▼

2023 · 63.5%

Interest coverage

66.44▲

2023 · 20.62

Debt

€307k▲

2023 · €105k

Debt ≤ 1 year

€281k▲

2023 · €55k

Debt > 1 year

€26k▼

2023 · €50k

Income taxes

€24k▲

2023 · €247

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€353k€411k▲

Fixed assets21/28€129k€127k▼

Tangible fixed assets22/27€128k€126k▼

Land and buildings22€2k€22k▲

Plant, machinery and equipment23€7k€6k▼

Furniture and vehicles24€84k€78k▼

Leasing and similar rights25€36k€20k▼

Financial fixed assets28€1k€1k=

Current assets29/58€223k€284k▲

Amounts receivable within one year40/41€94k€148k▲

Trade receivables40€88k€130k▲

Other amounts receivable41€5k€18k▲

Cash at bank and in hand54/58€119k€123k▲

Deferred charges and accrued income490/1€10k€12k▲

Equity and liabilities

Total equity and liabilities10/49€353k€411k▲

Equity10/15€248k€104k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€243k€99k▼

Amounts payable17/49€105k€307k▲

Amounts payable after more than one year17€50k€26k▼

Financial debts170/4€50k€26k▼

Amounts payable within one year42/48€55k€281k▲

Current portion of amounts payable after more than one year42€23k€24k▲

Trade debts44€6k€28k▲

Suppliers440/4€6k€28k▲

Taxes, remuneration and social security45€16k€36k▲

Taxes450/3€16k€36k▲

Other amounts payable47/48€10k€194k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€40k▲

Other operating charges640/8€3k€4k▲

Non-recurring operating charges66A-€3k

Gross operating margin9900€38k€155k▲

Operating profit (loss)9901€483€108k▲

Financial income75/76B€225k€10k▼

Recurring financial income75€225k€10k▼

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€224k€116k▼

Income taxes67/77€247€24k▲

Profit (loss) for the period9904€224k€91k▼

Profit (loss) for the period to be appropriated9905€224k€91k▼

Appropriation of the result

Profit (loss) to be appropriated9906€243k€334k▲

Profit (loss) brought forward from the previous period14P€19k€243k▲

Profit to be distributed694/7-€235k

Return on contributions (dividend)694-€235k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 4Filings 4

2025

24-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

03-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2021net €224k ▲2390%

Net result €224k, the highest in the series.

31-12

Financial Liquidity times 5current ratio 4.05

Current ratio from 0.89 to 4.05; short-term debt falls from €108k to €55k.

31-12

Financial Equity above €200kEq €248k ▲924%

3 profitable years in a row build equity to €248k.

28-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €9k ▼12.2%

Net result drops to €9k, the lowest in the series; recovery starts the following year.

04-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

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

Directors · office · real estate

Directors

1 act for this company is 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, Malmedy · 1 establishment unit since 2021

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.

Bellevaux-Rue Saint Aubin 304960 Malmedy

1 establishment unit

PIETRI

Bellevaux-Rue Saint Aubin 30, 4960 MalmedyManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20212.314.585.987