PIKANT LM
ActiveThe computed 12-month bankruptcy probability of PIKANT LM is 2.5% (moderate). The 2026 annual accounts show negative equity (€-136k) and a net result of €-63k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 5% of 170 sector peers (fiscal year 2026). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability0=
Solvency0=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.48 in 2025; cash: 48.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Return on assets
-634.3%
Age of the figures
7 mo
raises risk · 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 →
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year €-136k
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 18-08-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
43 d early
2025
32 d early
2024
29 d early
2023
29 d early
2022
30 d early
2021
on the day
2020
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today28-02-2027 close30-09-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€-136k▼ 87.6%
2025 · €-73k
2019: €-80k
2020: €-72k
2021: €-66k
2022: €-83k
2023: €12k
2024: €-58k
2025: €-73k
2019 → 2026
Total assets
€10k▼ 85.1%
2025 · €67k
2019: €40k
2020: €16k
2021: €34k
2022: €49k
2023: €148k
2024: €63k
2025: €67k
2019 → 2026
Net result
€-63k▼ 328%
2025 · €-15k
2019: €-20k
2020: €7k
2021: €6k
2022: €-17k
2023: €95k
2024: €-21k
2025: €-15k
2019 → 2026
Working capital
€-136k▼ 87.5%
2025 · €-73k
2019: €-91k
2020: €-78k
2021: €-68k
2022: €-86k
2023: €9k
2024: €-58k
2025: €-73k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€-83k-€12k€-58k€-73k▼ 25.7%€-136k▼ 87.6%
Operating result€-16k-€96k€-20k€-14k▲ 31.2%€-63k▼ 351%
Net result€-17k-€95k€-21k€-15k▲ 30.0%€-63k▼ 328%
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 €63k in 2026 against €14k in 2025; the loss grows and 2026 has the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €10k
Fixed assets
€66=
Current assets
€10k▼ 85.1%
Key figures and ratios
Current ratio
0.07▼
2025 · 0.48
Quick ratio
0.07▼
2025 · 0.48
Debt / equity
-1.07▲
2025 · -1.92
ROA
-634.3%▼
2025 · -22.1%
Debt
€146k▲
2025 · €139k
Debt ≤ 1 year
€146k▲
2025 · €139k
Staff costs
€107k▼
2025 · €115k
A ratio outside any meaningful range has been withheld (balance sheet total €10k, equity €-136k).
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€67k€10k▼
Fixed assets21/28€66€66=
Financial fixed assets28€66€66=
Current assets29/58€67k€10k▼
Amounts receivable within one year40/41€59k€3k▼
Trade receivables40€56k€1k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€67k€10k▼
Equity10/15€-73k€-136k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-91k€-155k▼
Amounts payable17/49€139k€146k▲
Amounts payable within one year42/48€139k€146k▲
Current portion of amounts payable after more than one year42€430-
Trade debts44€52k€43k▼
Suppliers440/4€52k€43k▼
Taxes, remuneration and social security45€27k€18k▼
Taxes450/3€6k€3k▼
Remuneration and social security454/9€21k€15k▼
Other amounts payable47/48€60k€84k▲
Income statement
Code20252026
Remuneration, social security and pensions62€115k€107k▼
Other operating charges640/8€1k-
Gross operating margin9900€102k€44k▼
Operating profit (loss)9901€-14k€-63k▼
Financial income75/76B€26-
Recurring financial income75€26-
Financial charges65/66B€867€334▼
Recurring financial charges65€867€334▼
Profit (loss) for the period before taxes9903€-15k€-63k▼
Profit (loss) for the period9904€-15k€-63k▼
Profit (loss) for the period to be appropriated9905€-15k€-63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-91k€-155k▼
Profit (loss) brought forward from the previous period14P€-76k€-91k▼
The notes to these accounts (4 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 2027, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
28-02
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series.
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
28-02
Financial
Back to profitnet €95k
Net result €95k after one loss-making year.
28-02
Financial
Liquidity triplescurrent ratio 1.06
Current ratio from 0.32 to 1.06.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
28-02
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Havelange · 1 establishment unit since 2016
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.
Rue du Val d'Or(MA) 55374 HavelangeGround area
327 m²
Building footprint
143 m²
Parcel 91084B0215/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
PIKANT LM
since 20162.250.046.642
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91084B0215/00L000 | Wallonia | 327 m² | 1 · 143 m² | - |
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
MEDUSA CONSTRUCTION
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TERRADEL
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Walcourt · Eq €12k
VAN COOP
BE 0563.910.092
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Emako
BE 0775.464.619
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DVX
BE 1005.265.537
Wingene · Eq €12k
Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 1,619 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2016
Fiscal year end28-02
Activities, NACEBEL
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.