PIKA
ActiveSummary
PIKA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,453 and a net result of €8,117. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 67% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+4
Solvency88=
Growth52=
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.95 in 2024; short-term debt: 37.4% and cash: 8.2% of total assets), and 37.4% of the assets are financed with debt.
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Signals
Four 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
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
62.6%
Return on assets
5.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-04-2026, 119 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
119 d early
2024
31 d early
2023
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 59 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€86,453▲ 10.4%
2024 · €78,335
Total assets
€138,088▲ 11.8%
2024 · €123,472
Net result
€8,117▲ 100%
2024 · €4,051
Working capital
€18,156▼ 53.4%
2024 · €38,997
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€90,705-€8,433▼ 90.7%€13,245▲ 57.1%
Net result€69,284above the sector's middle half-€4,051within the sector's middle half▼ 94.2%€8,117within the sector's middle half▲ 100%
Equity€74,284within the sector's middle half-€78,335within the sector's middle half▲ 5.5%€86,453within the sector's middle half▲ 10.4%
Total assets€101,035within the sector's middle half-€123,472within the sector's middle half▲ 22.2%€138,088within the sector's middle half▲ 11.8%
Debt€26,751-€45,136▲ 68.7%€51,635▲ 14.4%
Working capital€74,880-€38,997▼ 47.9%€18,156▼ 53.4%
Solvency73.5%above the sector's middle half-63.4%within the sector's middle half▼ 10.1pp62.6%within the sector's middle half▼ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 57% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,088
Fixed assets
€68,297 ▲ 57.6%
Current assets
€69,791 ▼ 12.9%
Equity and liabilities €138,088
Equity
€86,453 ▲ 10.4%
Debt
€51,635 ▲ 14.4%
Debt's share of the balance-sheet total rises from 36.6% to 37.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,193▲
2024 · €10,501
Cash flow
€15,065▲
2024 · €6,118
Current ratio
1.35▼
2024 · 1.95
Debt to equity
0.60▲
2024 · 0.58
ROE
9.4%▲
2024 · 5.2%
ROA
5.9%▲
2024 · 3.3%
Interest coverage
29.97▲
2024 · 5.86
Debt ≤ 1 year
€51,635▲
2024 · €41,136
Income taxes
€4,459▲
2024 · €2,591
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,067 | €6,948 | ▲ 236% |
| Other operating charges640/8 | €1,268 | €1,571 | €4,557 | ▲ 190% |
| Gross operating margin9900 | €91,974 | €12,072 | €24,750 | ▲ 105% |
| Operating profit (loss)9901 | €90,705 | €8,433 | €13,245 | ▲ 57.1% |
| Financial income75/76B | - | - | €5 | - |
| Recurring financial income75 | - | - | €5 | - |
| Financial charges65/66B | €3,002 | €1,791 | €674 | ▼ 62.4% |
| Recurring financial charges65 | €3,002 | €1,791 | €674 | ▼ 62.4% |
| Profit (loss) for the period before taxes9903 | €87,703 | €6,643 | €12,577 | ▲ 89.3% |
| Income taxes67/77 | €18,419 | €2,591 | €4,459 | ▲ 72.1% |
| Profit (loss) for the period9904 | €69,284 | €4,051 | €8,117 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | €69,284 | €4,051 | €8,117 | ▲ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €101,035 | €123,472 | €138,088 | ▲ 11.8% |
| Fixed assets21/28 | - | €43,338 | €68,297 | ▲ 57.6% |
| Tangible fixed assets22/27 | - | €43,338 | €68,297 | ▲ 57.6% |
| Other tangible fixed assets26 | - | €43,338 | €68,297 | ▲ 57.6% |
| Current assets29/58 | €101,035 | €80,134 | €69,791 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €10,485 | €35,969 | €55,295 | ▲ 53.7% |
| Trade receivables40 | €10,485 | €35,168 | €53,473 | ▲ 52.0% |
| Other amounts receivable41 | - | €801 | €1,822 | ▲ 128% |
| Cash at bank and in hand54/58 | €23,922 | €39,719 | €11,390 | ▼ 71.3% |
| Deferred charges and accrued income490/1 | €66,629 | €4,445 | €3,105 | ▼ 30.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €101,035 | €123,472 | €138,088 | ▲ 11.8% |
| Equity10/15 | €74,284 | €78,335 | €86,453 | ▲ 10.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | €73,335 | €81,453 | ▲ 11.1% |
| Distributable reserves133 | - | €73,335 | €81,453 | ▲ 11.1% |
| Profit (loss) carried forward14 | €69,284 | €0 | - | - |
| Amounts payable17/49 | €26,751 | €45,136 | €51,635 | ▲ 14.4% |
| Amounts payable within one year42/48 | €26,155 | €41,136 | €51,635 | ▲ 25.5% |
| Financial debts43 | - | €2,050 | €883 | ▼ 56.9% |
| Credit institutions430/8 | - | €2,050 | €883 | ▼ 56.9% |
| Trade debts44 | €1,009 | €3,300 | €34,220 | ▲ 937% |
| Suppliers440/4 | €1,009 | €3,300 | €34,220 | ▲ 937% |
| Taxes, remuneration and social security45 | €23,609 | €28,619 | €9,175 | ▼ 67.9% |
| Taxes450/3 | €23,609 | €28,619 | €9,175 | ▼ 67.9% |
| Other amounts payable47/48 | €1,538 | €7,167 | €7,357 | ▲ 2.6% |
| Accrued charges and deferred income492/3 | €596 | €4,000 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,284 | €4,051 | €8,117 | ▲ 100% |
| + Depreciation and write-downs630 | - | €2,067 | €6,948 | ▲ 236% |
| Operating cash flow (approximation) | €69,284 | €6,118 | €15,065 | ▲ 146% |
| Investment in fixed assets (approximation) | - | - | -€31,907 | - |
| Change in cash | - | €15,797 | -€28,329 | ▼ 279% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €4,051 ▼94.2%
Net result drops to €4,051, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Edegem · 1 establishment unit since 2022
Ground area
858 m²
Building footprint
161 m²
Volume, LiDAR
1,045 m³
Parcel 11013A0271/00H004, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PIKA
since 20222.337.267.161
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0271/00H004 | Flanders | 858 m² | 1 · 161 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
BOLAND
BE 0401.828.042
Dilbeek · Eq €86,274
SOLYSOMBRA
BE 0479.550.182
Gent · Eq €86,270
Mister Wong
BE 0782.606.490
Antwerpen · Eq €86,136
NILUS
BE 0826.759.902
Sint-Lambrechts-Woluwe · Eq €86,130
RAY NEGOCE
BE 0784.654.774
Chaumont-Gistoux · Eq €86,870
Of 6,146 companies in sector 46190 we hold annual accounts for 2,576. 1,970 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
55203Holiday cottages, homes and apartments
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792334206
Also
9925:BE0792334206
Registered
10-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.