Pilot Consult
ActiveSummary
Pilot Consult has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of -€37,247. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-25
Solvency99=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 2.22 in 2024; short-term debt: 26.3% and cash: 8.4% of total assets), and 26.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
73.7%
Return on assets
-0.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
11 d early
2023
34 d early
2022
26 d early
2021
36 d early
2020
32 d early
2019
38 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 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 28 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€3.1m▼ 1.2%
2024 · €3.1m
Total assets
€4.2m▼ 1.0%
2024 · €4.2m
Net result
-€37,247
2024 · €114,545
Working capital
€823,846▼ 37.1%
2024 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€538,810▲ 39.7%€1.7m▲ 211%€23,968▼ 98.6%€125,017▲ 422%-€85,650
Net result€348,255above the sector's middle half▲ 57.2%€1.5mabove the sector's middle half▲ 324%€1,148within the sector's middle half▼ 99.9%€114,545above the sector's middle half▲ 9,878%-€37,247below the sector's middle half
Equity€1.8mabove the sector's middle half▲ 23.9%€3.3mabove the sector's middle half▲ 81.6%€3.3mabove the sector's middle half=€3.1mabove the sector's middle half▼ 4.7%€3.1mabove the sector's middle half▼ 1.2%
Total assets€3.1mwithin the sector's middle half▲ 11.4%€4.5mwithin the sector's middle half▲ 46.6%€4.3mwithin the sector's middle half▼ 4.0%€4.2mwithin the sector's middle half▼ 2.5%€4.2mabove the sector's middle half▼ 1.0%
Debt€1.3m▼ 2.4%€1.2m▼ 2.8%€1.1m▼ 14.7%€1.1m▲ 4.2%€1.1m▼ 0.5%
Working capital€386,890within the sector's middle half▲ 327%€2.0mabove the sector's middle half▲ 419%€1.9mabove the sector's middle half▼ 7.4%€1.3mabove the sector's middle half▼ 29.6%€823,846above the sector's middle half▼ 37.1%
Solvency58.5%within the sector's middle half▲ 5.9pp72.5%above the sector's middle half▲ 14.0pp75.5%above the sector's middle half▲ 3.1pp73.8%above the sector's middle half▼ 1.7pp73.7%above the sector's middle half▼ 0.1pp
Current ratio1.38within the sector's middle half▲ 0.303.06above the sector's middle half▲ 1.683.37above the sector's middle half▲ 0.312.22within the sector's middle half▼ 1.151.75within the sector's middle half▼ 0.48
Return on assets (ROA)11.3%above the sector's middle half▲ 3.3pp32.6%above the sector's middle half▲ 21.3pp0.0%within the sector's middle half▼ 32.5pp2.7%within the sector's middle half▲ 2.7pp-0.9%within the sector's middle half▼ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €85,650 after €125,017 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€2.3m ▲ 22.1%
Current assets
€1.9m ▼ 19.0%
Equity and liabilities €4.2m
Equity
€3.1m ▼ 1.2%
Debt
€1.1m ▼ 0.5%
Debt's share of the balance-sheet total rises from 26.2% to 26.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€27,966▼
2024 · €176,617
Cash flow
€20,437▼
2024 · €166,145
Debt to equity
0.36▲
2024 · 0.35
ROE
-1.2%▼
2024 · 3.7%
Interest coverage
-2.18▼
2024 · 2.52
Debt ≤ 1 year
€1.1m▲
2024 · €1.1m
Income taxes
€1,961▼
2024 · €2,692
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.9% |
| 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 8,611 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 | €51,336 | €51,487 | €4,300 | €51,600 | €57,684 | ▲ 11.8% |
| Other operating charges640/8 | - | €3,822 | €6,825 | €3,541 | €3,901 | ▲ 10.2% |
| Gross operating margin9900 | €598,108 | €1.7m | €35,093 | €180,158 | -€24,065 | ▼ 113% |
| Operating profit (loss)9901 | €538,810 | €1.7m | €23,968 | €125,017 | -€85,650 | ▼ 169% |
| Financial income75/76B | - | €5,065 | €60,277 | €62,298 | €63,194 | ▲ 1.4% |
| Recurring financial income75 | €2,206 | €5,065 | €60,277 | €62,298 | €63,194 | ▲ 1.4% |
| Financial charges65/66B | - | €44,990 | €62,518 | €70,078 | €12,830 | ▼ 81.7% |
| Recurring financial charges65 | €38,036 | €44,990 | €62,518 | €70,078 | €12,830 | ▼ 81.7% |
| Profit (loss) for the period before taxes9903 | €502,980 | €1.6m | €21,727 | €117,237 | -€35,286 | ▼ 130% |
| Income taxes67/77 | €154,725 | €158,654 | €20,579 | €2,692 | €1,961 | ▼ 27.2% |
| Profit (loss) for the period9904 | €348,255 | €1.5m | €1,148 | €114,545 | -€37,247 | ▼ 133% |
| Transfer from tax-exempt reserves789 | - | €77,500 | €62,000 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €487,755 | €1.6m | €63,148 | €114,545 | -€37,247 | ▼ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €4.5m | €4.3m | €4.2m | €4.2m | ▼ 1.0% |
| Fixed assets21/28 | €1.7m | €1.5m | €1.7m | €1.9m | €2.3m | ▲ 22.1% |
| Tangible fixed assets22/27 | €746,740 | €697,253 | €692,954 | €671,946 | €717,727 | ▲ 6.8% |
| Land and buildings22 | - | €670,254 | €666,481 | €621,196 | €575,912 | ▼ 7.3% |
| Furniture and vehicles24 | - | €26,999 | €26,473 | €50,750 | €141,815 | ▲ 179% |
| Financial fixed assets28 | €948,586 | €851,155 | €1.0m | €1.2m | €1.5m | ▲ 30.8% |
| Current assets29/58 | €1.4m | €3.0m | €2.6m | €2.4m | €1.9m | ▼ 19.0% |
| Amounts receivable within one year40/41 | €630,082 | €583,583 | €585,149 | €96,775 | €35,151 | ▼ 63.7% |
| Trade receivables40 | - | €4,083 | - | €7,107 | €7,488 | ▲ 5.4% |
| Other amounts receivable41 | - | €579,500 | €585,149 | €89,668 | €27,663 | ▼ 69.1% |
| Current investments50/53 | €471,257 | €475,516 | €1.9m | €1.8m | €1.5m | ▼ 14.8% |
| Cash at bank and in hand54/58 | €293,623 | €1.9m | €143,630 | €477,296 | €353,720 | ▼ 25.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €4.5m | €4.3m | €4.2m | €4.2m | ▼ 1.0% |
| Equity10/15 | €1.8m | €3.3m | €3.3m | €3.1m | €3.1m | ▼ 1.2% |
| Contributions10/11 | - | €420,000 | €420,000 | €462,000 | €462,000 | = |
| Outside capital11 | - | €420,000 | €420,000 | - | - | - |
| Other1109/19 | - | €420,000 | €420,000 | - | - | - |
| Reserves13 | €1.4m | €2.9m | €2.9m | €2.7m | €2.7m | = |
| Non-distributable reserves130/1 | - | €42,000 | €42,000 | - | - | - |
| Reserves not available under the articles1311 | - | €42,000 | €42,000 | - | - | - |
| Tax-exempt reserves132 | - | €86,843 | €24,843 | €24,843 | €24,843 | = |
| Distributable reserves133 | - | €2.7m | €2.8m | €2.6m | €2.6m | = |
| Profit (loss) carried forward14 | -€44,452 | - | - | - | -€37,247 | - |
| Amounts payable17/49 | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 0.5% |
| Amounts payable after more than one year17 | €250,000 | €250,000 | €250,000 | - | - | - |
| Financial debts170/4 | - | €250,000 | €250,000 | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €973,762 | €783,948 | €1.1m | €1.1m | ▲ 3.0% |
| Current portion of amounts payable after more than one year42 | - | €62,434 | - | - | - | - |
| Trade debts44 | €7,081 | €199 | €226 | €1,117 | €2,106 | ▲ 88.5% |
| Suppliers440/4 | - | €199 | €226 | €1,117 | €2,106 | ▲ 88.5% |
| Taxes, remuneration and social security45 | - | €94,760 | €12,531 | €29,888 | €604 | ▼ 98.0% |
| Taxes450/3 | - | €94,760 | €12,531 | €29,888 | €604 | ▼ 98.0% |
| Other amounts payable47/48 | - | €816,369 | €771,191 | €1.0m | €1.1m | ▲ 5.8% |
| Accrued charges and deferred income492/3 | - | €23,837 | €30,771 | €37,567 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €348,255 | €1.5m | €1,148 | €114,545 | -€37,247 | ▼ 133% |
| + Depreciation and write-downs630 | €51,336 | €51,487 | €4,300 | €51,600 | €57,684 | ▲ 11.8% |
| Operating cash flow (approximation) | €399,591 | €1.5m | €5,448 | €166,145 | €20,437 | ▼ 87.7% |
| Investment in fixed assets (approximation) | - | €95,431 | -€161,573 | -€203,092 | -€468,112 | ▼ 130% |
| Change in cash | - | €1.6m | -€1.8m | €333,666 | -€123,576 | ▼ 137% |
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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
02-02
State Gazette act
General meeting · Capital
Share issue · Corporate purpose
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €1.5m ▲324%
Operating result €1.7m, net result €1.5m, both a record.
30-09
Financial
Liquidity doublescurrent ratio 3.06
Current ratio from 1.38 to 3.06; short-term debt falls from €1.0m to €973,762.
30-09
Financial
Equity above €2mEq €3.3m ▲81.6%
3 profitable years in a row build equity to €3.3m.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €221,580
Net result €221,580 after one loss-making year.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
30-09
Financial
Weakest financial yearnet -€117,536
Net result drops to -€117,536, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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
4 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, Sint-Niklaas · 1 establishment unit since 1999
Ground area
417 m²
Parcel 46442C0883/00R003, Flanders. Linked by address, not a title deed.
1 establishment unit
Houten Schoen 96 B301, 9100 Sint-Niklaas
since 19992.091.708.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0883/00R003 | Flanders | 416 m² | - | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
15%
According to the annual accounts to 30-09-2025 of Pilot Consult and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
2549002SE7DETZIFSR39
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 3,794 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
Founded23-06-1999
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Contact
E-mail
pilot.consult@pandora.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466337891
Also
9925:BE0466337891
Registered
01-01-2026
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.