PILOE
ActiveSummary
PILOE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€70,548) and a net result of -€807. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 4801 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-68
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.2 in 2024; short-term debt: 560.9% and cash: 4.9% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 2025Solvency, return and age of the figures
Solvency
-460.9%
Return on assets
-5.3%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€70,548
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
29 d late
2023
28 d late
2022
on the day
2021
9 d late
2020
13 d late
2019
32 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 19 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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. Usually files around 20 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€70,548▼ 1.2%
2024 · -€69,741
Total assets
€15,308▼ 14.3%
2024 · €17,870
Net result
-€807
2024 · €1,628
Working capital
-€70,914▼ 0.8%
2024 · -€70,358
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 96, Personal service activities, 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
Line20212022202320242025
Operating result€11,209▼ 5.7%€9,322▼ 16.8%€1,798▼ 80.7%€1,736▼ 3.5%-€479
Net result€11,205within the sector's middle half▼ 87.5%€9,379within the sector's middle half▼ 16.3%€1,669within the sector's middle half▼ 82.2%€1,628within the sector's middle half▼ 2.5%-€807within the sector's middle half
Equity-€82,417below the sector's middle half▲ 12.0%-€73,038below the sector's middle half▲ 11.4%-€71,369below the sector's middle half▲ 2.3%-€69,741below the sector's middle half▲ 2.3%-€70,548below the sector's middle half▼ 1.2%
Total assets€15,483below the sector's middle half▲ 10.1%€21,181below the sector's middle half▲ 36.8%€17,152below the sector's middle half▼ 19.0%€17,870below the sector's middle half▲ 4.2%€15,308below the sector's middle half▼ 14.3%
Debt€97,900▼ 9.1%€94,219▼ 3.8%€88,520▼ 6.0%€87,611▼ 1.0%€85,856▼ 2.0%
Working capital-€85,084below the sector's middle half▲ 9.1%-€75,604below the sector's middle half▲ 11.1%-€72,464below the sector's middle half▲ 4.2%-€70,358below the sector's middle half▲ 2.9%-€70,914below the sector's middle half▼ 0.8%
Solvency-532.3%below the sector's middle half▲ 133.2pp-344.8%below the sector's middle half▲ 187.5pp-416.1%below the sector's middle half▼ 71.3pp-390.3%below the sector's middle half▲ 25.8pp-460.9%below the sector's middle half▼ 70.6pp
Current ratio0.13below the sector's middle half=0.20below the sector's middle half▲ 0.070.18below the sector's middle half▼ 0.020.20below the sector's middle half▲ 0.020.17below the sector's middle half▼ 0.02
Return on assets (ROA)72.4%above the sector's middle half▼ 565.7pp44.3%above the sector's middle half▼ 28.1pp9.7%within the sector's middle half▼ 34.5pp9.1%within the sector's middle half▼ 0.6pp-5.3%below the sector's middle half▼ 14.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service 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 turns negative in 2025: a loss of €479 after €1,736 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15,308
Fixed assets
€366 ▼ 40.7%
Current assets
€14,942 ▼ 13.4%
Equity and liabilities
Equity-€70,548
Debt€85,856
Equity is negative: debt (€85,856) exceeds the balance-sheet total (€15,308).
Key figures and ratios
EBITDA
-€228▼
2024 · €2,214
Cash flow
-€556▼
2024 · €2,106
Quick ratio
0.02▼
2024 · 0.03
Interest coverage
-0.69▼
2024 · 18.40
Debt ≤ 1 year
€85,856▼
2024 · €87,611
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,795 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 | €993 | €1,356 | €1,471 | €478 | €251 | ▼ 47.5% |
| Other operating charges640/8 | €464 | €1,451 | €499 | €502 | €527 | ▲ 5.1% |
| Non-recurring operating charges66A | - | - | €471 | - | - | - |
| Gross operating margin9900 | €12,666 | €12,129 | €4,239 | €2,716 | €299 | ▼ 89.0% |
| Operating profit (loss)9901 | €11,209 | €9,322 | €1,798 | €1,736 | -€479 | ▼ 128% |
| Financial income75/76B | €135 | €152 | €0 | €12 | €2 | ▼ 83.0% |
| Recurring financial income75 | €135 | €152 | €0 | €12 | €2 | ▼ 83.0% |
| Financial charges65/66B | €140 | €95 | €129 | €120 | €330 | ▲ 174% |
| Recurring financial charges65 | €140 | €95 | €129 | €120 | €330 | ▲ 174% |
| Profit (loss) for the period before taxes9903 | €11,205 | €9,379 | €1,669 | €1,628 | -€807 | ▼ 150% |
| Profit (loss) for the period9904 | €11,205 | €9,379 | €1,669 | €1,628 | -€807 | ▼ 150% |
| Profit (loss) for the period to be appropriated9905 | €11,205 | €9,379 | €1,669 | €1,628 | -€807 | ▼ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,483 | €21,181 | €17,152 | €17,870 | €15,308 | ▼ 14.3% |
| Fixed assets21/28 | €2,667 | €2,566 | €1,095 | €617 | €366 | ▼ 40.7% |
| Tangible fixed assets22/27 | €2,667 | €2,566 | €1,095 | €617 | €366 | ▼ 40.7% |
| Plant, machinery and equipment23 | - | €1,119 | €868 | €617 | €366 | ▼ 40.7% |
| Furniture and vehicles24 | €2,667 | €1,447 | €227 | - | - | - |
| Current assets29/58 | €12,815 | €18,615 | €16,056 | €17,252 | €14,942 | ▼ 13.4% |
| Stocks and contracts in progress3 | €8,330 | €16,920 | €15,015 | €15,015 | €13,500 | ▼ 10.1% |
| Stocks30/36 | €8,330 | €16,920 | €15,015 | €15,015 | €13,500 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €3,482 | €584 | €83 | €198 | €45 | ▼ 77.2% |
| Trade receivables40 | €1,520 | €113 | €83 | €198 | €45 | ▼ 77.2% |
| Other amounts receivable41 | €1,962 | €471 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,003 | €919 | €736 | €2,040 | €754 | ▼ 63.0% |
| Deferred charges and accrued income490/1 | - | €192 | €222 | - | €642 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,483 | €21,181 | €17,152 | €17,870 | €15,308 | ▼ 14.3% |
| Equity10/15 | -€82,417 | -€73,038 | -€71,369 | -€69,741 | -€70,548 | ▼ 1.2% |
| Contributions10/11 | €91,600 | €91,600 | €91,600 | €91,600 | €91,600 | = |
| Profit (loss) carried forward14 | -€174,017 | -€164,638 | -€162,969 | -€161,341 | -€162,148 | ▼ 0.5% |
| Amounts payable17/49 | €97,900 | €94,219 | €88,520 | €87,611 | €85,856 | ▼ 2.0% |
| Amounts payable within one year42/48 | €97,900 | €94,219 | €88,520 | €87,611 | €85,856 | ▼ 2.0% |
| Trade debts44 | €10,999 | €5,812 | €466 | €313 | €1,079 | ▲ 245% |
| Suppliers440/4 | €10,999 | €5,812 | €466 | €313 | €1,079 | ▲ 245% |
| Taxes, remuneration and social security45 | €1,029 | €693 | €435 | €609 | €438 | ▼ 28.1% |
| Taxes450/3 | €1,029 | €693 | €435 | €609 | €438 | ▼ 28.1% |
| Other amounts payable47/48 | €85,871 | €87,714 | €87,619 | €86,689 | €84,339 | ▼ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,205 | €9,379 | €1,669 | €1,628 | -€807 | ▼ 150% |
| + Depreciation and write-downs630 | €993 | €1,356 | €1,471 | €478 | €251 | ▼ 47.5% |
| Operating cash flow (approximation) | €12,197 | €10,735 | €3,140 | €2,106 | -€556 | ▼ 126% |
| Investment in fixed assets (approximation) | - | -€1,255 | €0 | €0 | €0 | - |
| Change in cash | - | -€84 | -€183 | €1,304 | -€1,286 | ▼ 199% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Back to profitnet €89,762
Net result €89,762 after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
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 6 acts read
About the unread acts
We know of 6 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 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tienen · 1 establishment unit since 2014
Ground area
2,461 m²
Building footprint
413 m²
Volume, LiDAR
2,389 m³
2 parcels, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Freaks
since 20142.238.600.543
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024A0376/00V002 | Flanders | 2,265 m² | 1 · 334 m² | 9.0 m · 2 fl. |
| 24593G0200/00D000 | Flanders | 196 m² | 1 · 80 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,722 companies in this sector we hold annual accounts for 2,838. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded22-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873474805
Also
9925:BE0873474805
Registered
09-09-2025
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.