Summary
PILLI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €1.2m and a net result of -€167,717. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 144 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
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 27-08-2026, 65 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
65 d early
2025
1 d early
2024
9 d early
2023
2 d early
2022
3 d early
2021
36 d late
2020
53 d late
← 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 1 day after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 28 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€1.2m▲ 41.4%
2025 · €852,904
Net result
-€167,717▼ 125%
2025 · -€74,546
Total assets
€4.2m▲ 7.8%
2025 · €3.9m
Solvency
28.9%▲ 6.9pp
2025 · 22.1%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€133,538€53,914▼ 59.6%€221,558▲ 311%-€18,598-€160,511▼ 763%
Net result€1,795below the sector's middle half€32,101within the sector's middle half▲ 1,689%€187,543above the sector's middle half▲ 484%-€74,546below the sector's middle half-€167,717▼ 125%
Equity€147,806below the sector's middle half▲ 1.2%€1.2mabove the sector's middle half▲ 715%€1.4mabove the sector's middle half▲ 15.6%€852,904within the sector's middle half▼ 38.7%€1.2m▲ 41.4%
Total assets€3.2mwithin the sector's middle half▲ 3.5%€4.2mabove the sector's middle half▲ 30.0%€4.2mabove the sector's middle half▼ 0.5%€3.9mwithin the sector's middle half▼ 8.0%€4.2m▲ 7.8%
Debt€3.1m▲ 3.7%€3.0m▼ 2.7%€2.8m▼ 6.8%€3.0m▲ 7.2%€3.0m▼ 1.7%
Working capital-€81,262within the sector's middle half▲ 48.2%-€18,486within the sector's middle half▲ 77.3%-€262,735below the sector's middle half▼ 1,321%-€218,518below the sector's middle half▲ 16.8%€91,224
Solvency4.5%below the sector's middle half▼ 0.1pp28.5%within the sector's middle half▲ 24.0pp33.1%within the sector's middle half▲ 4.6pp22.1%below the sector's middle half▼ 11.0pp28.9%▲ 6.9pp
Current ratio0.77within the sector's middle half▲ 0.270.93within the sector's middle half▲ 0.160.48below the sector's middle half▼ 0.450.65within the sector's middle half▲ 0.171.69▲ 1.04
Return on assets (ROA)0.1%below the sector's middle half▲ 5.4pp0.8%below the sector's middle half▲ 0.7pp4.5%within the sector's middle half▲ 3.7pp-1.9%below the sector's middle half▼ 6.4pp-4.0%▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €160,511 in 2026 against €18,598 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 €4.2m
Fixed assets
€3.9m ▲ 14.0%
Current assets
€223,750 ▼ 45.0%
Equity and liabilities €4.2m
Equity
€1.2m ▲ 41.4%
Debt
€3.0m ▼ 1.7%
Debt's share of the balance-sheet total falls from 77.9% to 71.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
-13.9%▼
2025 · -8.7%
Debt ≤ 1 year
€132,526▼
2025 · €625,145
Debt > 1 year
€2.8m▲
2025 · €2.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,763 | €35,521 | €35,521 | €39,215 | €35,521 | ▼ 9.4% |
| Other operating charges640/8 | €2,421 | €9,684 | €12,810 | €14,933 | €11,682 | ▼ 21.8% |
| Gross operating margin9900 | €171,722 | €99,119 | €269,889 | €35,550 | -€113,308 | ▼ 419% |
| Operating profit (loss)9901 | €133,538 | €53,914 | €221,558 | -€18,598 | -€160,511 | ▼ 763% |
| Financial charges65/66B | €131,743 | €21,813 | €34,015 | €55,948 | €7,206 | ▼ 87.1% |
| Recurring financial charges65 | €19,075 | €21,813 | €34,015 | €55,948 | €7,206 | ▼ 87.1% |
| Non-recurring financial charges66B | €112,669 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,795 | €32,101 | €187,543 | -€74,546 | -€167,717 | ▼ 125% |
| Profit (loss) for the period9904 | €1,795 | €32,101 | €187,543 | -€74,546 | -€167,717 | ▼ 125% |
| Profit (loss) for the period to be appropriated9905 | €1,795 | €32,101 | €187,543 | -€74,546 | -€167,717 | ▼ 125% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €4.2m | €4.2m | €3.9m | €4.2m | ▲ 7.8% |
| Fixed assets21/28 | €3.0m | €4.0m | €4.0m | €3.5m | €3.9m | ▲ 14.0% |
| Tangible fixed assets22/27 | €1.9m | €1.8m | €1.8m | €2.3m | €2.8m | ▲ 20.8% |
| Land and buildings22 | €1.8m | €1.8m | €1.8m | €2.3m | €2.8m | ▲ 21.1% |
| Plant, machinery and equipment23 | €5,632 | €5,413 | €40,194 | €36,475 | €36,256 | ▼ 0.6% |
| Furniture and vehicles24 | €193 | €193 | €193 | - | - | - |
| Financial fixed assets28 | €1.1m | €2.2m | €2.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €268,815 | €253,931 | €240,253 | €406,627 | €223,750 | ▼ 45.0% |
| Amounts receivable within one year40/41 | €265,053 | €240,083 | €228,297 | €370,547 | €186,655 | ▼ 49.6% |
| Trade receivables40 | €79,331 | €172,398 | €228,297 | €303,397 | €18,974 | ▼ 93.7% |
| Other amounts receivable41 | €185,722 | €67,685 | - | €67,150 | €167,681 | ▲ 150% |
| Cash at bank and in hand54/58 | €462 | €10,074 | €8,655 | €11,110 | €16,121 | ▲ 45.1% |
| Deferred charges and accrued income490/1 | €3,300 | €3,774 | €3,301 | €24,970 | €20,974 | ▼ 16.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €4.2m | €4.2m | €3.9m | €4.2m | ▲ 7.8% |
| Equity10/15 | €147,806 | €1.2m | €1.4m | €852,904 | €1.2m | ▲ 41.4% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Capital10 | - | €50,000 | - | - | - | - |
| Issued capital100 | - | €50,000 | - | - | - | - |
| Revaluation surpluses12 | - | €1.0m | €1.0m | €560,000 | €1.1m | ▲ 93.0% |
| Reserves13 | €97,806 | €97,806 | €97,806 | €97,806 | €97,806 | = |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | €92,806 | €92,806 | €92,806 | €92,806 | €92,806 | = |
| Profit (loss) carried forward14 | - | €32,101 | €219,644 | €145,098 | -€22,619 | ▼ 116% |
| Amounts payable17/49 | €3.1m | €3.0m | €2.8m | €3.0m | €3.0m | ▼ 1.7% |
| Amounts payable after more than one year17 | €2.8m | €2.7m | €2.3m | €2.4m | €2.8m | ▲ 18.5% |
| Financial debts170/4 | €1.3m | €1.2m | €1.2m | €1.0m | €1.0m | = |
| Other amounts payable178/9 | €1.5m | €1.6m | €1.2m | €1.4m | €1.8m | ▲ 31.9% |
| Amounts payable within one year42/48 | €350,077 | €272,417 | €502,988 | €625,145 | €132,526 | ▼ 78.8% |
| Current portion of amounts payable after more than one year42 | €171,836 | €116,444 | - | €110,008 | €52,169 | ▼ 52.6% |
| Trade debts44 | €20,741 | - | €2,493 | €10,824 | €30,258 | ▲ 180% |
| Suppliers440/4 | €20,741 | - | €2,493 | €10,824 | €30,258 | ▲ 180% |
| Taxes, remuneration and social security45 | €157,500 | €155,973 | €15,055 | €37,958 | €49,699 | ▲ 30.9% |
| Taxes450/3 | €157,500 | €155,973 | €15,055 | €37,958 | €49,699 | ▲ 30.9% |
| Other amounts payable47/48 | - | - | €485,440 | €466,355 | €400 | ▼ 99.9% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,795 | €32,101 | €187,543 | -€74,546 | -€167,717 | ▼ 125% |
| + Depreciation and write-downs630 | €35,763 | €35,521 | €35,521 | €39,215 | €35,521 | ▼ 9.4% |
| Operating cash flow (approximation) | €37,558 | €67,622 | €223,064 | -€35,331 | -€132,196 | ▼ 274% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€29,999 | €464,168 | -€521,000 | ▼ 212% |
| Change in cash | - | €9,612 | -€1,419 | €2,455 | €5,011 | ▲ 104% |
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 2027, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Liquidity triplescurrent ratio 1.69
Current ratio from 0.65 to 1.69; short-term debt falls from €625,145 to €132,526.
31-03
Financial
Equity above €1mEq €1.2m ▲41.4%
Equity rises from €852,904 to €1.2m.
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €187,543 ▲484%
Operating result €221,558, net result €187,543, both a record.
2023
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €1mEq €1.2m ▲715%
2 profitable years in a row build equity to €1.2m.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €1,795
Net result €1,795 after 2 loss-making years.
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 36 days late
31-03
Financial
Weakest financial yearnet -€168,249
Net result drops to -€168,249, the lowest in the series; recovery starts the following year.
Show earlier events
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 53 days late
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2016
Ground area
6,581 m²
Building footprint
1,990 m²
Volume, LiDAR
13,753 m³
Parcel 31810N0561/00T000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PILLI
since 20162.254.770.542
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31810N0561/00T000 | Flanders | 6,581 m² | 1 · 1,990 m² | 10.0 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 24,721 companies in this sector we hold annual accounts for 19,804. 12,253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-07-2016
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0657985939
Also
9925:BE0657985939
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.