PIETRO-DESIGN
ActivePIETRO-DESIGN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.26M and a net result of €2k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
94
/ 100
Excellent▲ +34 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability1▲+1
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 6.47 against 70.67 in 2023), and 12.3% of the assets are financed with debt.
Credit advice 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
87.7%
Return on assets
0.1%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
99 d late
2022
27 d late
2021
31 d late
2020
23 d early
2019
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.26M▲ 0.2%
2023 · €1.26M
2018: €1.05M
2019: €1.07M
2020: €1.33M
2021: €1.36M
2022: €1.31M
2023: €1.26M
2018 → 2024
Total assets
€1.44M▲ 1.7%
2023 · €1.41M
2018: €1.54M
2019: €1.45M
2020: €1.78M
2021: €1.65M
2022: €1.45M
2023: €1.41M
2018 → 2024
Net result
€2k
2023 · €-46k
2018: €69k
2019: €24k
2020: €256k
2021: €33k
2022: €-54k
2023: €-46k
2018 → 2024
Working capital
€473k▼ 8.0%
2023 · €514k
2018: €360k
2019: €419k
2020: €515k
2021: €625k
2022: €479k
2023: €514k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.33M-€1.36M▲ 2.5%€1.31M▼ 4.0%€1.26M▼ 3.6%€1.26M▲ 0.2%
Operating result€328k-€11k▼ 96.5%€-52k€-45k▲ 14.7%€-10k▲ 77.9%
Net result€256k-€33k▼ 87.1%€-54k€-46k▲ 13.8%€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €45k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.44M
Fixed assets
€878k▼ 1.5%
Current assets
€560k▲ 7.3%
Equity and liabilities €1.44M
Equity
€1.26M▲ 0.2%
Provisions
€30k▼ 3.7%
Debt
€147k▲ 19.3%
The debt ratio rises from 8.7% to 10.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€28k▲
2023 · €-15k
Cash flow
€40k▲
2023 · €-17k
Solvency
87.7%▼
2023 · 89.1%
Current ratio
6.47▼
2023 · 70.67
Quick ratio
6.47▼
2023 · 70.67
Debt / equity
0.12▲
2023 · 0.10
ROE
0.2%▲
2023 · -3.7%
ROA
0.1%▲
2023 · -3.3%
Interest coverage
9.64▲
2023 · -6.38
Debt
€147k▲
2023 · €123k
Debt ≤ 1 year
€87k▲
2023 · €7k
Debt > 1 year
€60k▼
2023 · €116k
Income taxes
€375▼
2023 · €477
Staff costs
€180▼
2023 · €193
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€1.41M€1.44M▲
Fixed assets21/28€892k€878k▼
Tangible fixed assets22/27€882k€869k▼
Land and buildings22€824k€818k▼
Furniture and vehicles24€58k€45k▼
Other tangible fixed assets26-€5k
Financial fixed assets28€9k€9k=
Current assets29/58€522k€560k▲
Amounts receivable after more than one year29€14k-
Other amounts receivable291€14k-
Amounts receivable within one year40/41€458k€505k▲
Trade receivables40€303€11k▲
Other amounts receivable41€458k€494k▲
Current investments50/53€1k€1k=
Cash at bank and in hand54/58€47k€51k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.44M▲
Equity10/15€1.26M€1.26M▲
Contributions10/11€390k€390k=
Reserves13€961k€957k▼
Non-distributable reserves130/1€18k€18k=
Reserves not available under the articles1311€18k€18k=
Tax-exempt reserves132€112k€108k▼
Distributable reserves133€832k€832k=
Profit (loss) carried forward14€-92k€-86k▲
Provisions and deferred taxes16€31k€30k▼
Deferred taxes168€31k€30k▼
Amounts payable17/49€123k€147k▲
Amounts payable after more than one year17€116k€60k▼
Financial debts170/4€116k€60k▼
Amounts payable within one year42/48€7k€87k▲
Current portion of amounts payable after more than one year42-€10k
Financial debts43-€9k
Credit institutions430/8-€9k
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45€2k€15k▲
Taxes450/3€1k€15k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€1k€53k▲
Income statement
Code20232024
Non-recurring operating income76A€10k-
Remuneration, social security and pensions62€193€180▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€38k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€-12k€34k▲
Operating profit (loss)9901€-45k€-10k▲
Financial income75/76B-€14k
Recurring financial income75-€14k
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-47k€1k▲
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€477€375▼
Profit (loss) for the period9904€-46k€2k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-42k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-92k€-86k▲
Profit (loss) brought forward from the previous period14P€-50k€-92k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 99 days late
2023
31-12
Financial
Liquidity times 14current ratio 70.67
Current ratio from 5.22 to 70.67; short-term debt falls from €114k to €7k.
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Weakest financial yearnet €-54k ▼262%
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €256k ▲969%
Operating result €328k, net result €256k, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
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, Buggenhout · 1 establishment unit since 1989
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.
Kerkstraat 1159255 BuggenhoutGround area
1,746 m²
Building footprint
1,320 m²
Volume, LiDAR
13,141 m³
Parcel 42004B0243/00C003, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kerkstraat 115, 9255 Buggenhout
since 19892.042.364.593
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004B0243/00C003 | Flanders | 1,746 m² | 1 · 1,320 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TECH PRODUCTS & SERVICES
BE 0719.290.929
Overijse · Eq €1.27M
Atid International
BE 0427.585.106
Ukkel · Eq €1.19M
LUXOTTICA BELGIUM
BE 0404.922.936
Sint-Agatha-Berchem · Eq €1.41M
R.M.G. FASHION FRAMES
BE 0459.054.874
Overijse · Eq €1.41M
DEGROCO
BE 0458.082.104
Herent · Eq €1.11M
Of 248 companies in sector 46432 we hold annual accounts for 170. 105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-1989
Fiscal year end31-12
Activities, NACEBEL
46432Wholesale trade
51473
47742Retail sale of prescription glasses, lenses and sunglasses
47782Retail trade
52485
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.