PILAW
ActiveSummary
PILAW has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,230 and a net result of €13,079. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency44▼-41
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
18.7%
Return on assets
46.8%
Age of the figures
12 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 12819 sector peers (2025).
NBB · sector comparisonPosition among 12819 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-05-2026, 12 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
8 d early
2023
12 d early
2022
16 d early
2021
5 d early
2020
15 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 22 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€5,230▼ 66.2%
2024 · €15,483
Total assets
€27,959▲ 8.3%
2024 · €25,809
Net result
€13,079▼ 30.7%
2024 · €18,868
Working capital
€5,332▼ 64.7%
2024 · €15,105
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Line20212022202320242025
Operating result€6,439▼ 84.6%-€1,856-€19,756▼ 964%€23,512€16,951▼ 27.9%
Net result€3,722below the sector's middle half▼ 86.7%-€4,349below the sector's middle half-€21,263below the sector's middle half▼ 389%€18,868within the sector's middle half€13,079within the sector's middle half▼ 30.7%
Equity€22,227below the sector's middle half▲ 69.6%€17,878below the sector's middle half▼ 19.6%-€3,385below the sector's middle half€15,483below the sector's middle half€5,230below the sector's middle half▼ 66.2%
Total assets€46,515below the sector's middle half▼ 26.1%€32,991below the sector's middle half▼ 29.1%€4,342below the sector's middle half▼ 86.8%€25,809below the sector's middle half▲ 494%€27,959below the sector's middle half▲ 8.3%
Debt€24,288▼ 51.3%€15,113▼ 37.8%€7,727▼ 48.9%€10,326▲ 33.6%€22,729▲ 120%
Working capital€19,214within the sector's middle half▲ 109%€15,744within the sector's middle half▼ 18.1%-€4,509below the sector's middle half€15,105within the sector's middle half€5,332below the sector's middle half▼ 64.7%
Solvency47.8%within the sector's middle half▲ 27.0pp54.2%within the sector's middle half▲ 6.4pp60.0%within the sector's middle half18.7%below the sector's middle half▼ 41.3pp
Current ratio1.79within the sector's middle half▲ 0.612.04within the sector's middle half▲ 0.252.46within the sector's middle half1.25within the sector's middle half▼ 1.21
Return on assets (ROA)8.0%within the sector's middle half▼ 36.5pp-13.2%below the sector's middle half▼ 21.2pp73.1%above the sector's middle half46.8%above the sector's middle half▼ 26.3pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,959
Fixed assets
€1,272 ▲ 237%
Current assets
€26,686 ▲ 4.9%
Equity and liabilities €27,959
Equity
€5,230 ▼ 66.2%
Debt
€22,729 ▲ 120%
Debt's share of the balance-sheet total rises from 40.0% to 81.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€17,402▼
2024 · €24,391
Cash flow
€13,531▼
2024 · €19,746
Debt to equity
4.35▲
2024 · 0.67
ROE
250.1%▲
2024 · 121.9%
Interest coverage
23.72▼
2024 · 26.24
Debt ≤ 1 year
€21,354▲
2024 · €10,326
Income taxes
€3,497▼
2024 · €3,719
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
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 lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 5,053 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €878 | €878 | €878 | €878 | €452 | ▼ 48.6% |
| Other operating charges640/8 | €1,852 | €4,212 | €2,066 | €2,134 | €1,298 | ▼ 39.2% |
| Gross operating margin9900 | €9,169 | €3,234 | -€16,812 | €26,524 | €18,701 | ▼ 29.5% |
| Operating profit (loss)9901 | €6,439 | -€1,856 | -€19,756 | €23,512 | €16,951 | ▼ 27.9% |
| Financial income75/76B | €467 | €0 | - | €5 | €360 | ▲ 7,880% |
| Recurring financial income75 | €467 | €0 | - | €5 | €360 | ▲ 7,880% |
| Financial charges65/66B | €517 | €1,268 | €1,103 | €929 | €734 | ▼ 21.1% |
| Recurring financial charges65 | €517 | €1,268 | €1,103 | €929 | €734 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €6,389 | -€3,124 | -€20,860 | €22,587 | €16,577 | ▼ 26.6% |
| Income taxes67/77 | €2,667 | €1,225 | €403 | €3,719 | €3,497 | ▼ 6.0% |
| Profit (loss) for the period9904 | €3,722 | -€4,349 | -€21,263 | €18,868 | €13,079 | ▼ 30.7% |
| Profit (loss) for the period to be appropriated9905 | €3,722 | -€4,349 | -€21,263 | €18,868 | €13,079 | ▼ 30.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,515 | €32,991 | €4,342 | €25,809 | €27,959 | ▲ 8.3% |
| Fixed assets21/28 | €3,013 | €2,134 | €1,256 | €378 | €1,272 | ▲ 237% |
| Tangible fixed assets22/27 | €3,013 | €2,134 | €1,256 | €378 | €1,272 | ▲ 237% |
| Plant, machinery and equipment23 | - | - | - | - | €1,272 | - |
| Furniture and vehicles24 | €3,013 | €2,134 | €1,256 | €378 | €0 | ▼ 100% |
| Current assets29/58 | €43,502 | €30,856 | €3,086 | €25,432 | €26,686 | ▲ 4.9% |
| Amounts receivable within one year40/41 | €5,053 | €6,680 | €2,374 | €11,501 | €26,523 | ▲ 131% |
| Trade receivables40 | €5,053 | €6,680 | €1,439 | €6,269 | €12,124 | ▲ 93.4% |
| Other amounts receivable41 | - | - | €934 | €5,232 | €14,399 | ▲ 175% |
| Cash at bank and in hand54/58 | €37,637 | €22,962 | - | €13,510 | €48 | ▼ 99.6% |
| Deferred charges and accrued income490/1 | €812 | €1,214 | €712 | €421 | €115 | ▼ 72.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,515 | €32,991 | €4,342 | €25,809 | €27,959 | ▲ 8.3% |
| Equity10/15 | €22,227 | €17,878 | -€3,385 | €15,483 | €5,230 | ▼ 66.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €3,600 | ▼ 80.6% |
| Outside capital11 | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €3,627 | - | - | - | - | - |
| Distributable reserves133 | €3,627 | - | - | - | - | - |
| Profit (loss) carried forward14 | - | -€722 | -€21,985 | -€3,117 | €1,630 | ▲ 152% |
| Amounts payable17/49 | €24,288 | €15,113 | €7,727 | €10,326 | €22,729 | ▲ 120% |
| Amounts payable within one year42/48 | €24,288 | €15,113 | €7,595 | €10,326 | €21,354 | ▲ 107% |
| Financial debts43 | - | - | €1,704 | - | €2,194 | - |
| Credit institutions430/8 | - | - | €1,704 | - | €2,194 | - |
| Trade debts44 | €4,968 | €1,731 | €1,855 | €1,189 | €4,399 | ▲ 270% |
| Suppliers440/4 | €4,968 | €1,731 | €1,855 | €1,189 | €4,399 | ▲ 270% |
| Taxes, remuneration and social security45 | €5,399 | €2,817 | €403 | €9,138 | €6,428 | ▼ 29.7% |
| Taxes450/3 | €4,399 | €1,817 | €403 | €7,388 | €4,678 | ▼ 36.7% |
| Remuneration and social security454/9 | €1,000 | €1,000 | - | €1,750 | €1,750 | = |
| Other amounts payable47/48 | €13,922 | €10,565 | €3,632 | - | €8,333 | - |
| Accrued charges and deferred income492/3 | - | - | €132 | - | €1,375 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,722 | -€4,349 | -€21,263 | €18,868 | €13,079 | ▼ 30.7% |
| + Depreciation and write-downs630 | €878 | €878 | €878 | €878 | €452 | ▼ 48.6% |
| Operating cash flow (approximation) | €4,600 | -€3,470 | -€20,385 | €19,746 | €13,531 | ▼ 31.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,346 | - |
| Change in cash | - | -€14,675 | - | - | -€13,462 | - |
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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €18,868
Net result €18,868 after 2 loss-making years.
30-09
Financial
Liquidity times 6current ratio 2.46
Current ratio from 0.41 to 2.46.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€21,263
Net result drops to -€21,263, the lowest in the series; recovery starts the following year.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €28,021 ▲42.2%
Operating result €41,898, net result €28,021, both a record.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity quadruplescurrent ratio 4.96
Current ratio from 1.12 to 4.96; short-term debt falls from €5,048 to €5,028.
Show earlier events
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Oosterzele · 1 establishment unit since 2015
Ground area
1,004 m²
Building footprint
115 m²
Volume, LiDAR
528 m³
Parcel 44052A1462/00G000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PILAW
since 20152.241.406.516
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052A1462/00G000 | Flanders | 1,004 m² | 1 · 114 m² | 7.3 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.
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Of 2,771 companies in sector 69109 we hold annual accounts for 1,209. 452 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
Founded26-03-2015
Fiscal year end30-09
Activities, NACEBEL 2025
69109Other legal services
16230Manufacture of other builders' carpentry and joinery
81300Landscape service activities
82990Other business support services
85599Other education
90111Literary creation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0612977246
Also
9925:BE0612977246
Registered
08-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.