Pigeolet
ActivePigeolet has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €118k and a net result of €21k. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 4.99 against 4.12 in 2023; short-term debt: 19.4% and cash: 33.1% of total assets), and 19.4% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Sector 80
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
113 d late
2022
479 d late
2021
844 d late
2020
102 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€118k▲ 21.7%
2023 · €97k
2020: €20k
2021: €44k
2022: €77k
2023: €97k
2020 → 2024
Total assets
€146k▲ 14.6%
2023 · €128k
2020: €37k
2021: €78k
2022: €115k
2023: €128k
2020 → 2024
Net result
€21k▲ 8.2%
2023 · €19k
2020: €17k
2021: €24k
2022: €34k
2023: €19k
2020 → 2024
Working capital
€113k▲ 18.1%
2023 · €96k
2020: €18k
2021: €43k
2022: €76k
2023: €96k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€20k-€44k▲ 121%€77k▲ 77.2%€97k▲ 25.1%€118k▲ 21.7%
Operating result€28k-€38k▲ 36.4%€52k▲ 37.3%€30k▼ 42.6%€32k▲ 7.4%
Net result€17k-€24k▲ 38.4%€34k▲ 41.1%€19k▼ 42.4%€21k▲ 8.2%
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 7% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146k
Fixed assets
€5k▲ 372%
Current assets
€142k▲ 11.8%
Equity and liabilities €146k
Equity
€118k▲ 21.7%
Debt
€28k▼ 7.7%
The debt ratio falls from 24.1% to 19.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2023 · €31k
Cash flow
€26k▲
2023 · €20k
Solvency
80.6%▲
2023 · 75.9%
Current ratio
4.99▲
2023 · 4.12
Quick ratio
4.99▲
2023 · 4.12
Debt / equity
0.24▼
2023 · 0.32
ROE
17.8%▼
2023 · 20.1%
ROA
14.4%▼
2023 · 15.2%
Interest coverage
98.62▲
2023 · 82.38
Debt
€28k▼
2023 · €31k
Debt ≤ 1 year
€28k▼
2023 · €31k
Income taxes
€13k▲
2023 · €11k
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€128k€146k▲
Fixed assets21/28€996€5k▲
Tangible fixed assets22/27€996€5k▲
Furniture and vehicles24€996€5k▲
Current assets29/58€127k€142k▲
Amounts receivable after more than one year29€77k€90k▲
Trade receivables290€77k€90k▲
Amounts receivable within one year40/41€20k€710▼
Trade receivables40€20k-
Other amounts receivable41-€710
Cash at bank and in hand54/58€28k€48k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€128k€146k▲
Equity10/15€97k€118k▲
Contributions10/11€3k€3k=
Reserves13€94k€116k▲
Distributable reserves133€94k€116k▲
Amounts payable17/49€31k€28k▼
Amounts payable within one year42/48€31k€28k▼
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€29k€23k▼
Taxes450/3€29k€23k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€728€4k▲
Other operating charges640/8€489€16k▲
Gross operating margin9900€31k€53k▲
Operating profit (loss)9901€30k€32k▲
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€372€371▼
Recurring financial charges65€372€371▼
Profit (loss) for the period before taxes9903€31k€34k▲
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€19k€21k▲
Profit (loss) for the period to be appropriated9905€19k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€21k▲
Transfer to equity691/2€19k€21k▲
To other reserves6921€19k€21k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
31-12
Financial
Equity above €100kEq €118k ▲21.7%
5 profitable years in a row build equity to €118k.
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 113 days late
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 479 days late
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 844 days late
2022
31-12
Financial
Highest result since 2020net €34k ▲41.1%
Operating result €52k, net result €34k, both a record.
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 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, Tubize · 1 establishment unit since 2019
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.
Place Josse Goffin 281480 TubizeGround area
406 m²
Building footprint
204 m²
Volume, LiDAR
464 m³
2 parcels, Wallonia · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pigeolet Srl
since 20192.296.356.719
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019B0221/00N002 | Wallonia | 330 m² | 1 · 98 m² | - |
| 25019A0195/00X008indicative | Wallonia | 76 m² | 1 · 107 m² | 10.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 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 461 companies in sector 80090 we hold annual accounts for 260. 203 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-11-2019
Fiscal year end31-12
Activities, NACEBEL
80090Investigation and security activities
80200Investigation and security activities
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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:michel.pigeolet53@hotmail.com
Phone:+32493928370