PILOT FOR PERFORMANCE
ActiveSummary
The computed 12-month bankruptcy probability of PILOT FOR PERFORMANCE is 5.9% (elevated). The 2025 annual accounts show negative equity (-€1,263) and a net result of -€45,776. Equity remains stable across the filed financial years (±2% per year). Its solvency ranks better than 9% of 39,102 sector peers (NACE 70, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€1,263
- Loss
- -€45,776
- Maria Pia JANSSENSDirector
- Véronique MARICHALDirector
Why 33raises riskLatest accounts 71 days late; 2 of the last 3 late1 change of registered office in 24 monthsLoss of €45,776 (financial year 2025)lowers riskSize: total assets €80,000Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 8% on solvency, 1% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 44 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Appointments: Véronique MARICHAL (director) and Maria…Capital conversion · Reserve release…
- Weakest financial yearnet -€45,776
Financials · financial year 2025, micro format
2025 annual accounts filed late (71 days) Filed on 10 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00553601.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €50,152 after €12,378 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85.4% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.9% 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 497,473 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 74.5% 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 6,906 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,334 | €18,365 | €18,487 | €15,956 | €20,184 | €12,865 | €9,363 | €5,411 | ▼ 42.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | €11,943 | - |
| Other operating charges640/8 | - | - | - | €5,198 | €1,120 | €173 | €1,847 | €87 | ▼ 95.3% |
| Gross operating margin9900 | €13,949 | €25,658 | €39,234 | €3,190 | €62,627 | €39,153 | €23,589 | -€32,711 | - |
| Operating profit (loss)9901 | -€4,022 | €5,326 | €16,967 | -€17,964 | €41,323 | €26,115 | €12,378 | -€50,152 | - |
| Financial income75/76B | - | - | - | €1,680 | €885 | €487 | €487 | €487 | = |
| Recurring financial income75 | €2,641 | €3,354 | €638 | €1,680 | €885 | €487 | €487 | €487 | = |
| Financial charges65/66B | - | - | - | €2,213 | €2,740 | €4,597 | €5,867 | €5,475 | ▼ 6.7% |
| Recurring financial charges65 | €547 | €1,561 | €2,277 | €2,213 | €2,740 | €4,597 | €5,867 | €5,475 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | -€1,928 | €7,119 | €15,329 | -€18,497 | €39,468 | €22,006 | €6,998 | -€55,140 | - |
| Income taxes67/77 | -€0 | €3,769 | €6,624 | - | €7,359 | €13,165 | €3,126 | -€9,364 | - |
| Profit (loss) for the period9904 | -€1,928 | €3,350 | €8,705 | -€18,497 | €32,109 | €8,841 | €3,873 | -€45,776 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,928 | €3,350 | €8,705 | -€18,497 | €32,109 | €8,841 | €3,873 | -€45,776 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €114,133 | €98,728 | €108,203 | €116,143 | €78,548 | €122,435 | €99,240 | €80,000 | ▼ 19.4% |
| Fixed assets21/28 | €57,769 | €46,650 | €36,678 | €34,982 | €24,287 | €20,555 | €11,540 | €6,984 | ▼ 39.5% |
| Intangible fixed assets21 | €20,703 | €15,527 | €10,352 | €5,176 | - | - | - | - | - |
| Tangible fixed assets22/27 | €37,066 | €31,123 | €26,326 | €29,806 | €24,287 | €20,555 | €11,540 | €6,984 | ▼ 39.5% |
| Furniture and vehicles24 | - | - | - | €18,345 | €14,288 | €7,149 | €2,273 | €1,497 | ▼ 34.1% |
| Leasing and similar rights25 | - | - | - | €3,757 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €7,704 | €9,999 | €13,406 | €9,267 | €5,487 | ▼ 40.8% |
| Current assets29/58 | €56,364 | €52,078 | €71,525 | €81,161 | €54,261 | €101,880 | €87,700 | €73,015 | ▼ 16.7% |
| Amounts receivable after more than one year29 | - | - | - | €61,000 | €33,600 | €33,600 | €33,600 | €33,600 | = |
| Other amounts receivable291 | - | - | - | €61,000 | €33,600 | €33,600 | €33,600 | €33,600 | = |
| Amounts receivable within one year40/41 | €46,289 | €51,768 | €23,270 | €640 | €8,266 | €54,319 | €53,023 | €39,395 | ▼ 25.7% |
| Trade receivables40 | - | - | - | €640 | €823 | €42,376 | €41,080 | €39,395 | ▼ 4.1% |
| Other amounts receivable41 | - | - | - | - | €7,443 | €11,943 | €11,943 | - | - |
| Cash at bank and in hand54/58 | €10,075 | €132 | - | €18,412 | €9,821 | €11,496 | - | €20 | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,109 | €2,574 | €2,464 | €1,077 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €114,133 | €98,728 | €108,203 | €116,143 | €78,548 | €122,435 | €99,240 | €80,000 | ▼ 19.4% |
| Equity10/15 | €35,003 | €38,119 | €47,057 | €28,560 | €31,799 | €40,640 | €44,513 | -€1,263 | - |
| Contributions10/11 | €6,200 | €5,966 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €30,731 | €30,731 | €39,231 | €39,231 | €20,860 | €29,660 | €33,460 | €33,460 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €37,371 | €19,000 | €27,800 | €31,600 | €31,600 | = |
| Profit (loss) carried forward14 | -€1,928 | €1,422 | €1,627 | -€16,870 | €4,739 | €4,780 | €4,853 | -€40,923 | - |
| Amounts payable17/49 | €79,131 | €60,610 | €61,145 | €87,582 | €46,749 | €81,795 | €54,727 | €81,262 | ▲ 48.5% |
| Amounts payable after more than one year17 | €11,506 | €3,864 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €67,625 | €56,099 | €60,499 | €87,582 | €46,749 | €81,795 | €54,727 | €81,262 | ▲ 48.5% |
| Financial debts43 | - | - | - | - | - | - | €77 | €663 | ▲ 760% |
| Credit institutions430/8 | - | - | - | - | - | - | €77 | €663 | ▲ 760% |
| Trade debts44 | €7,454 | €63 | - | €54,278 | €2,920 | - | €5,202 | - | - |
| Suppliers440/4 | - | - | - | €54,278 | €2,920 | - | - | - | - |
| Bills of exchange payable441 | - | - | - | - | - | - | €5,202 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €24,906 | €20,839 | €55,420 | €31,040 | €12,099 | ▼ 61.0% |
| Taxes450/3 | - | - | - | €24,906 | €20,839 | €32,620 | €30,185 | €11,244 | ▼ 62.7% |
| Remuneration and social security454/9 | - | - | - | - | - | €22,800 | €855 | €855 | = |
| Other amounts payable47/48 | - | - | - | €8,398 | €22,989 | €26,374 | €18,408 | €68,500 | ▲ 272% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,928 | €3,350 | €8,705 | -€18,497 | €32,109 | €8,841 | €3,873 | -€45,776 | - |
| + Depreciation and write-downs630 | €17,334 | €18,365 | €18,487 | €15,956 | €20,184 | €12,865 | €9,363 | €5,411 | ▼ 42.2% |
| Operating cash flow (approximation) | €15,407 | €21,715 | €27,191 | -€2,541 | €52,293 | €21,706 | €13,236 | -€40,365 | - |
| Investment in fixed assets (approximation) | - | -€7,245 | -€8,514 | -€14,260 | -€9,489 | -€9,133 | -€348 | -€856 | ▼ 146% |
| Change in cash | - | -€9,943 | - | - | -€8,591 | €1,675 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 10-10-2026 | 2026-00553601 |
| 31-12-2024 | micro format | 16-10-2025 | 2025-00548994 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00393033 |
| 31-12-2022 | micro format | 02-05-2023 | 2023-00074021 |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20316490 |
| 31-12-2020 | micro format | 04-10-2021 | 2021-71500348 |
| 31-12-2019 | micro format | 09-12-2020 | 2020-75200216 |
| 31-12-2018 | micro format | 04-10-2019 | 2019-68800444 |
| 31-12-2017 | micro format | 24-08-2018 | 2018-50200449 |
| 31-12-2016 | micro format | 24-07-2017 | 2017-35000152 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Maria Pia JANSSENS |
|
| Véronique MARICHAL |
|
Owners and capital
Capital and shareholders
- 18-09-2026 Converted to unavailable equity · €6,200
- 18-09-2026 Converted to unavailable equity · €1,860
- 18-09-2026 Converted to uncalled contributions · €12,400
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-09
Gazette deed
Appointments: Véronique MARICHAL (director) and Maria Pia JANSSENS (director)Capital conversion · Reserve release · Capital12 facts ▸
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French) (2 times)
- Capital conversion, “compte de capitaux propres 'apports non appelés'” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- General meeting, “dispense le Président de donner lecture du rapport des administrateurs, annexé au procès-verbal” (deed in French)
- General meeting, “octroyer la possibilité à l'organe d'administration de distribuer des acomptes sur dividende” (deed in French)
- General meeting, “adopter des statuts completement nouveaux conformes au Code des sociétés et des associations” (deed in French)
- Capital
- Director appointment, Véronique MARICHAL (director (not named in the articles))
- Director appointment, Maria Pia JANSSENS (director (not named in the articles))
- Declaration, “article 13 de la loi relative au registre central des interdictions de gérer du 04-05-2023, Déclaration d'absence d'interdiction de gérer” (deed in French) (2 times)
- Registered-office move, 1410 Waterloo, Avenue des Hospitaliers de Saint-Jean, 31
- Other provision, “Mandat de coordination des statuts, L'assemblée générale a décidé de donner la mission au notaire soussigné d'établir et de signer la coordination des statuts,…” (deed in French)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
Av. des Hospitaliers de St Jean 311410 Waterloo1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25076B0145/00A004 | Wallonia | 1,606 m² | 1 · 165 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le conseil en stratégie, management, marketing, communication, transformation digitale, expérience client, organisation, processus et…” (deed in French)
6 activities (deed in French)
- Le conseil en stratégie, management, marketing, communication, transformation digitale, expérience client, organisation, processus et ressources humaines ; l'audit et l'accompagnement d'entreprises ; la conception et la mise en œuvre de solutions d'intelligence artificielle et d'automatisation
- La formation, le coaching, l'accompagnement de personnes et d'organisations, l'animation de conférences et de séminaires
- Les prestations de marketing, de communication, de génération de leads et de gestion de la présence en ligne pour compte de tiers
- L'achat, la vente, l'import-export et la distribution, en gros comme au détail, y compris par voie électronique (e-commerce), de tous produits et marchandises
- L'édition, l'auto-édition, la publication et la commercialisation de livres, contenus et œuvres sous toute forme (imprimée, numérique, audio) ; la création littéraire et artistique, la rédaction, ainsi que l'acquisition et l'exploitation de droits d'auteur et de propriété intellectuelle
- Les prestations de photographie et de production de contenus audiovisuels
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PILOT FOR PERFORMANCE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique, par simple décision de…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- 2 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cessions entre vifs à titre onéreux ou gratuit, volontaires ou forcées, usufruit ou nue-propriété, libre de céder tout ou partie de ses…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “L'assemblée générale, statuant sur proposition de l'organe d'administration, la moitié du bénéfice annuel net est affectée aux réserves et…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 18:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Toute personne peut renoncer à la convocation, si elle est présente ou représentée à l'assemblée” (deed in French)1 more provision on this in the deed
- Meeting procedureHow the meeting runs, from opening to minutes.
- 2 provisions in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- One provision in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Lorsque la loi l'exige et dans les limites qu'elle prévoit, 3” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur n'aurait été désigné, l'assemblée générale peut désigner un ou plusieurs liquidateurs et déterminer leurs…” (deed in French)