PILOTAR
ActiveSummary
PILOTAR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €591k and a net result of €105k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 968 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85=
Solvency98▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 9.96 against 6.94 in 2024; short-term debt: 6.5% and cash: 15.5% of total assets), and 27.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more 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
72.9%
Return on assets
13%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-10-2025, 11 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
11 d early
2024
10 d early
2023
8 d early
2022
10 d early
2021
12 d early
2020
11 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€591k▲ 0.2%
2024 · €590k
2019: €337klowest in 7 years
2020: €424k▲ +25.9% vs 2019
2021: €507k▲ +19.6% vs 2020
2022: €578k▲ +14.0% vs 2021
2023: €580k▲ +0.4% vs 2022
2024: €590k▲ +1.7% vs 2023
2025: €591k▲ +0.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€812k▼ 5.9%
2024 · €862k
2019: €725klowest in 7 years
2020: €787k▲ +8.6% vs 2019
2021: €798k▲ +1.4% vs 2020
2022: €850k▲ +6.5% vs 2021
2023: €871k▲ +2.6% vs 2022highest in 7 years
2024: €862k▼ -1.0% vs 2023
2025: €812k▼ -5.9% vs 2024
2019 → 2025
Net result
€105k▼ 5.2%
2024 · €111k
2019: €104k
2020: €102k▼ -2.6% vs 2019
2021: €83k▼ -18.2% vs 2020
2022: €71k▼ -14.5% vs 2021lowest in 7 years
2023: €80k▲ +12.9% vs 2022
2024: €111k▲ +38.7% vs 2023highest in 7 years
2025: €105k▼ -5.2% vs 2024
2019 → 2025
Working capital
€473k▲ 0.8%
2024 · €469k
2019: €211klowest in 7 years
2020: €279k▲ +32.2% vs 2019
2021: €372k▲ +33.5% vs 2020
2022: €453k▲ +21.9% vs 2021
2023: €463k▲ +2.2% vs 2022
2024: €469k▲ +1.3% vs 2023
2025: €473k▲ +0.8% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€507k-€578k▲ 14.0%€580k▲ 0.4%€590k▲ 1.7%€591k▲ 0.2%
2021: €507klowest in 5 years
2022: €578k▲ +14.0% vs 2021
2023: €580k▲ +0.4% vs 2022
2024: €590k▲ +1.7% vs 2023
2025: €591k▲ +0.2% vs 2024highest in 5 years
Operating result€125k-€138k▲ 10.2%€125k▼ 9.8%€170k▲ 36.8%€157k▼ 7.7%
2021: €125k
2022: €138k▲ +10.2% vs 2021
2023: €125k▼ -9.8% vs 2022lowest in 5 years
2024: €170k▲ +36.8% vs 2023highest in 5 years
2025: €157k▼ -7.7% vs 2024
Net result€83k-€71k▼ 14.5%€80k▲ 12.9%€111k▲ 38.7%€105k▼ 5.2%
2021: €83k
2022: €71k▼ -14.5% vs 2021lowest in 5 years
2023: €80k▲ +12.9% vs 2022
2024: €111k▲ +38.7% vs 2023highest in 5 years
2025: €105k▼ -5.2% vs 2024
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 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €812k
Fixed assets
€285k ▼ 9.1%
Current assets
€526k ▼ 4.1%
Equity and liabilities €812k
Equity
€591k ▲ 0.2%
Debt
€220k ▼ 19.1%
Debt's share of the balance-sheet total falls from 31.5% to 27.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€186k▼
2024 · €205k
Cash flow
€134k▼
2024 · €146k
Current ratio
9.96▲
2024 · 6.94
Debt to equity
0.37▼
2024 · 0.46
ROE
17.8%▼
2024 · 18.8%
ROA
13.0%▲
2024 · 12.9%
Interest coverage
27.13▲
2024 · 22.29
Debt ≤ 1 year
€53k▼
2024 · €79k
Debt > 1 year
€165k▼
2024 · €189k
Income taxes
€50k▼
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€862k€812k▼
Fixed assets21/28€314k€285k▼
Tangible fixed assets22/27€314k€285k▼
Land and buildings22€306k€280k▼
Plant, machinery and equipment23€694€470▼
Furniture and vehicles24€7k€5k▼
Current assets29/58€549k€526k▼
Amounts receivable after more than one year29€180k€180k=
Other amounts receivable291€180k€180k=
Amounts receivable within one year40/41€30k€32k▲
Trade receivables40€30k€28k▼
Other amounts receivable41€219€3k▲
Current investments50/53€188k€188k=
Cash at bank and in hand54/58€150k€126k▼
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€862k€812k▼
Equity10/15€590k€591k▲
Contributions10/11€19k€19k=
Reserves13€572k€573k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€553k€554k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€272k€220k▼
Amounts payable after more than one year17€189k€165k▼
Financial debts170/4€189k€165k▼
Amounts payable within one year42/48€79k€53k▼
Current portion of amounts payable after more than one year42€24k€24k▲
Trade debts44€460€365▼
Suppliers440/4€460€365▼
Taxes, remuneration and social security45€11k€7k▼
Taxes450/3€11k€7k▼
Other amounts payable47/48€44k€21k▼
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€28k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€208k€190k▼
Operating profit (loss)9901€170k€157k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€164k€156k▼
Income taxes67/77€53k€50k▼
Profit (loss) for the period9904€111k€105k▼
Profit (loss) for the period to be appropriated9905€111k€105k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€105k▼
Transfer from equity791/2€101k€104k▲
Transfer to equity691/2€111k€105k▼
To other reserves6921€111k€105k▼
Profit to be distributed694/7€101k€104k▲
Return on contributions (dividend)694€101k€104k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €33k | €33k | €35k | €28k | ▼ 18.9% |
| Other operating charges640/8 | - | €4k | €5k | €3k | €5k | ▲ 56.2% |
| Gross operating margin9900 | €163k | €175k | €163k | €208k | €190k | ▼ 8.6% |
| Operating profit (loss)9901 | €125k | €138k | €125k | €170k | €157k | ▼ 7.7% |
| Financial income75/76B | - | €6k | €3k | €3k | €5k | ▲ 66.9% |
| Recurring financial income75 | €5k | €6k | €3k | €3k | €5k | ▲ 66.9% |
| Financial charges65/66B | - | €7k | €9k | €9k | €7k | ▼ 25.7% |
| Recurring financial charges65 | €8k | €7k | €9k | €9k | €7k | ▼ 25.7% |
| Profit (loss) for the period before taxes9903 | €122k | €137k | €119k | €164k | €156k | ▼ 5.2% |
| Income taxes67/77 | €39k | €66k | €39k | €53k | €50k | ▼ 5.1% |
| Profit (loss) for the period9904 | €83k | €71k | €80k | €111k | €105k | ▼ 5.2% |
| Profit (loss) for the period to be appropriated9905 | €83k | €71k | €80k | €111k | €105k | ▼ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €798k | €850k | €871k | €862k | €812k | ▼ 5.9% |
| Fixed assets21/28 | €396k | €363k | €331k | €314k | €285k | ▼ 9.1% |
| Tangible fixed assets22/27 | €396k | €363k | €331k | €314k | €285k | ▼ 9.1% |
| Land and buildings22 | - | €348k | €323k | €306k | €280k | ▼ 8.7% |
| Plant, machinery and equipment23 | - | €160 | €918 | €694 | €470 | ▼ 32.3% |
| Furniture and vehicles24 | - | €14k | €7k | €7k | €5k | ▼ 23.9% |
| Current assets29/58 | €402k | €487k | €541k | €549k | €526k | ▼ 4.1% |
| Amounts receivable after more than one year29 | - | - | €125k | €180k | €180k | = |
| Other amounts receivable291 | - | - | €125k | €180k | €180k | = |
| Amounts receivable within one year40/41 | €83k | €91k | €53k | €30k | €32k | ▲ 5.6% |
| Trade receivables40 | - | €31k | €45k | €30k | €28k | ▼ 4.9% |
| Other amounts receivable41 | - | €60k | €7k | €219 | €3k | ▲ 1,441% |
| Current investments50/53 | €155k | €190k | €178k | €188k | €188k | = |
| Cash at bank and in hand54/58 | €163k | €205k | €184k | €150k | €126k | ▼ 16.0% |
| Deferred charges and accrued income490/1 | - | €750 | €928 | €1k | €1k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €798k | €850k | €871k | €862k | €812k | ▼ 5.9% |
| Equity10/15 | €507k | €578k | €580k | €590k | €591k | ▲ 0.2% |
| Contributions10/11 | - | €12k | €19k | €19k | €19k | = |
| Reserves13 | €494k | €565k | €562k | €572k | €573k | ▲ 0.2% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | - | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | - | €545k | €543k | €553k | €554k | ▲ 0.2% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €291k | €272k | €291k | €272k | €220k | ▼ 19.1% |
| Amounts payable after more than one year17 | €260k | €237k | €213k | €189k | €165k | ▼ 12.9% |
| Financial debts170/4 | - | €237k | €213k | €189k | €165k | ▼ 12.9% |
| Amounts payable within one year42/48 | €31k | €34k | €78k | €79k | €53k | ▼ 33.2% |
| Current portion of amounts payable after more than one year42 | - | €23k | €24k | €24k | €24k | ▲ 1.7% |
| Trade debts44 | €3k | €2k | €0 | €460 | €365 | ▼ 20.6% |
| Suppliers440/4 | - | €2k | €0 | €460 | €365 | ▼ 20.6% |
| Taxes, remuneration and social security45 | - | €9k | €7k | €11k | €7k | ▼ 33.8% |
| Taxes450/3 | - | €9k | €7k | €11k | €7k | ▼ 33.8% |
| Other amounts payable47/48 | - | - | €47k | €44k | €21k | ▼ 52.3% |
| Accrued charges and deferred income492/3 | - | €926 | €293 | €4k | €3k | ▼ 31.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83k | €71k | €80k | €111k | €105k | ▼ 5.2% |
| + Depreciation and write-downs630 | €33k | €33k | €33k | €35k | €28k | ▼ 18.9% |
| Operating cash flow (approximation) | €116k | €104k | €113k | €146k | €134k | ▼ 8.5% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-18k | €0 | ▲ 100% |
| Change in cash | - | €42k | €-21k | €-34k | €-24k | ▲ 29.8% |
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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €111k ▲38.7%
Operating result €170k, net result €111k, both a record.
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €71k ▼14.5%
Net result drops to €71k, the lowest in the series; recovery starts the following year.
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 13.14
Current ratio from 4.48 to 13.14; short-term debt falls from €80k to €31k.
31-03
Financial
Equity above €500kEq €507k ▲19.6%
3 profitable years in a row build equity to €507k.
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · 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
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, Antwerpen · 2 establishment units since 2015
Ground area
1,070 m²
Building footprint
770 m²
Volume, LiDAR
8,416 m³
2 parcels, Flanders · tallest building 28.2 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
PILOTAR
since 20152.246.827.925
Pilotar
since 20162.250.682.090
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0203/00A007 | Flanders | 792 m² | 1 · 493 m² | 12.2 m · 1 fl. |
| 31008I0098/00A000 | Flanders | 277 m² | 1 · 277 m² | 28.2 m · 7 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.
Recognitions · licences · registrations
Legal Entity Identifier
8755004TIX35I8LZG059
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BE 0467.157.344
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PAMATINEAU
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Of 1,491 companies in sector 52220 we hold annual accounts for 724. 532 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
Founded05-10-2015
Fiscal year end31-03
Activities, NACEBEL 2025
52220Warehousing and support activities for transportation
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.