Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2021 to 2025 closed with a loss. 2023 was the heaviest.
€2.0m of the debts are secured on the company's own assets. In 2022 that was €2.0m.
Negative equity caps the score at 59.
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 (no NACE code, small). It does better than 9% of them on solvency, 8% on liquidity, 16% on profitability and 2% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,242 companies had the same profile as PILOTT has now. Each dot stands for 4 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PILOTT itself: 0.9% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,242 companies, not a prediction for PILOTT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.24 (1.32 in 2024), below the usual 1.5. Short-term debt is 81% and cash 1.1% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 17 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
PILOTT files the abbreviated format. That format states no turnover. The gross margin rose from -€37,142 in 2006 to -€15,925 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
3.0m | 3.0m | 3.0m | 3.3m | 3.0m | 2.8m | 760,030 | 1.1m | 1.1m | 3.1m | 1.0m | 1.3m | 2.4m | 2.1m | 272,176 | 269,750 | 270,399 | 266,905 | 260,309 | 517,803 | |
21/28 |
- | - | - | - | - | - | - | - | - | 314 | 628 | 942 | 1,256 | - | - | - | - | - | - | 13,656 | |
22/27 |
- | - | - | - | - | - | - | - | - | 314 | 628 | 942 | 1,256 | - | - | - | - | - | - | 13,656 | |
24 |
- | - | - | - | - | - | - | - | - | 314 | 628 | 942 | 1,256 | - | - | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,656 | |
29/58 |
3.0m | 3.0m | 3.0m | 3.3m | 3.0m | 2.8m | 760,030 | 1.1m | 1.1m | 3.1m | 1.0m | 1.3m | 2.4m | 2.1m | 272,176 | 269,750 | 270,399 | 266,905 | 260,309 | 504,147 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 176,640 | 150,000 | 150,000 | 205,000 | |
291 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 176,640 | 150,000 | 150,000 | 205,000 | |
3 |
1.9m | 1.9m | 1.9m | 1.9m | 1.8m | 1.8m | 385,723 | 998,133 | 1.0m | 2.4m | 781,578 | 230,000 | 1.7m | 1.2m | - | - | - | - | - | - | |
30/36 |
1.9m | 1.9m | 1.9m | 1.9m | 1.8m | 1.8m | 385,723 | 998,133 | 1.0m | 2.4m | 781,578 | 230,000 | 1.7m | 1.2m | - | - | - | - | - | - | |
40/41 |
1.0m | 1.1m | 1.1m | 1.3m | 890,300 | 921,983 | 305,165 | 93,207 | 14,847 | 684,266 | 126,449 | 499,305 | 581,999 | 522,500 | 262,070 | 262,070 | 52,070 | 32,435 | 32,435 | 231,781 | |
40 |
- | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 83,869 | 44,400 | 2,500 | 647,500 | 40,684 | 462,455 | 543,999 | 522,500 | - | - | - | 13,235 | 13,235 | 225,793 | |
41 |
1.0m | 1.1m | 1.1m | 1.3m | 887,800 | 919,483 | 221,296 | 48,807 | 12,347 | 36,766 | 85,765 | 36,850 | 38,000 | - | 262,070 | 262,070 | 52,070 | 19,200 | 19,200 | 5,988 | |
54/58 |
33,691 | 6,112 | 61,908 | 74,514 | 345,299 | 78,260 | 66,821 | 4,586 | 1,548 | 80,777 | 102,077 | 589,483 | 78,442 | 290,224 | 4,155 | 1,729 | 33,739 | 408 | 284 | 907 | |
490/1 |
18,077 | 18,728 | 19,736 | 42,209 | 15,244 | 8,096 | 2,322 | 2,092 | 459 | 1,233 | 1,226 | 369 | 53,201 | 23,400 | 5,950 | 5,950 | 7,950 | 84,062 | 77,590 | 66,459 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
3.0m | 3.0m | 3.0m | 3.3m | 3.0m | 2.8m | 760,030 | 1.1m | 1.1m | 3.1m | 1.0m | 1.3m | 2.4m | 2.1m | 272,176 | 269,750 | 270,399 | 266,905 | 260,309 | 517,803 | |
10/15 |
-51,539 | 100,848 | 280,019 | 494,002 | 603,276 | 635,084 | 573,004 | 492,605 | 472,376 | 583,707 | 486,689 | 718,964 | 497,290 | 348,825 | 270,475 | 265,049 | 265,698 | 263,092 | 255,726 | 414,718 | |
10/11 |
297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | |
100 |
- | - | - | - | - | - | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | 297,472 | |
13 |
421,491 | 421,491 | 421,491 | 421,491 | 421,491 | 421,491 | 421,491 | 421,491 | 421,491 | 421,491 | 421,491 | 421,491 | 199,818 | 29,747 | 27,122 | 27,122 | 27,122 | 27,122 | 27,122 | 117,245 | |
130/1 |
- | - | - | - | 29,747 | 29,747 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 29,747 | 29,747 | 29,747 | 29,747 | 29,747 | 29,747 | 29,747 | 29,747 | 27,122 | 27,122 | 27,122 | 27,122 | 27,122 | 27,122 | |
1311 |
- | - | - | - | 29,747 | 29,747 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 90,123 | |
133 |
421,491 | 421,491 | 421,491 | 421,491 | 391,744 | 391,744 | 391,744 | 391,744 | 391,744 | 391,744 | 391,744 | 391,744 | 170,071 | - | - | - | - | - | - | - | |
14 |
-770,503 | -618,116 | -438,944 | -224,962 | -115,688 | -83,880 | -145,959 | -226,358 | -246,587 | -135,257 | -232,275 | - | - | 21,606 | -54,120 | -59,546 | -58,896 | -61,502 | -68,869 | - | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 46,221 | |
168 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 46,221 | |
17/49 |
3.0m | 2.9m | 2.7m | 2.8m | 2.4m | 2.2m | 187,026 | 605,412 | 590,471 | 2.6m | 525,269 | 601,134 | 1.9m | 1.7m | 1,701 | 4,701 | 4,701 | 3,813 | 4,583 | 56,865 | |
17 |
600,000 | 600,000 | 600,000 | 2.7m | 500,000 | - | 90,000 | 90,000 | 415,202 | 710,702 | 370,275 | 255,000 | 355,000 | 255,000 | - | - | - | - | - | - | |
170/4 |
600,000 | 600,000 | 600,000 | 2.7m | 500,000 | - | 90,000 | 90,000 | 415,202 | 710,702 | 370,275 | 255,000 | 355,000 | 255,000 | - | - | - | - | - | - | |
42/48 |
2.4m | 2.2m | 2.1m | 91,445 | 1.9m | 2.2m | 91,481 | 510,916 | 171,899 | 1.8m | 153,326 | 340,860 | 1.5m | 1.5m | 1,701 | 4,701 | 4,701 | 2,654 | 3,424 | 48,734 | |
42 |
2.0m | 2.0m | 2.0m | - | - | - | - | - | - | - | 66,339 | 16,888 | - | - | - | - | - | - | - | - | |
43 |
- | 7,969 | 432 | - | 1.5m | 1.5m | - | 106 | - | 1.7m | - | - | 1.4m | 1.5m | - | - | - | - | - | - | |
430/8 |
- | 7,969 | 432 | - | 1.5m | 1.5m | - | 106 | - | 1.7m | - | - | 1.4m | 1.5m | - | - | - | - | - | - | |
44 |
7,320 | 1,192 | 8,569 | - | 1,229 | - | 248 | - | 616 | 6,623 | 14,619 | 115,343 | 4,065 | 286 | - | - | - | 953 | 853 | 39,688 | |
440/4 |
7,320 | 1,192 | 8,569 | - | 1,229 | - | 248 | - | 616 | 6,623 | 14,619 | 115,343 | 4,065 | 286 | - | - | - | 953 | 853 | 39,688 | |
46 |
- | - | - | - | - | - | - | - | - | 75,000 | - | - | - | - | - | - | - | - | - | - | |
45 |
15,000 | - | 15,000 | 18,750 | - | - | - | - | - | - | - | 100,138 | 28,284 | 1,502 | 554 | 554 | 554 | 554 | 1,424 | 9,046 | |
450/3 |
15,000 | - | 15,000 | 18,750 | - | - | - | - | - | - | - | 100,138 | 28,284 | - | - | - | - | - | - | 9,046 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,502 | 554 | 554 | 554 | 554 | 1,424 | - | |
47/48 |
405,172 | 240,414 | 118,806 | 72,695 | 472,467 | 720,104 | 91,233 | 510,810 | 171,283 | 85,781 | 72,369 | 108,491 | 85,946 | 2,847 | 1,147 | 4,147 | 4,147 | 1,147 | 1,147 | - | |
492/3 |
22,170 | 14,308 | 4,973 | 1,716 | 2,393 | 3,151 | 5,545 | 4,496 | 3,371 | 2,292 | 1,668 | 5,274 | 2,496 | 520 | - | - | - | 1,159 | 1,159 | 8,131 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22,344 | 423,742 | |
9900 |
-15,925 | -6,038 | -5,364 | -10,601 | -7,616 | 60,261 | 86,508 | 87,977 | -76,852 | 139,230 | -225,469 | 414,729 | 242,676 | 76,369 | -1,789 | -1,785 | -1,786 | -2,010 | -10,134 | -37,142 | |
630 |
- | - | - | - | - | - | - | - | 314 | 314 | 314 | 314 | 314 | - | - | - | - | - | - | - | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -394,556 | 394,556 | |
640/8 |
41,083 | 9,575 | 9,661 | 8,552 | 8,371 | 1,688 | 2,516 | 8,155 | 22,998 | 16,823 | 5,503 | 14,438 | 5,194 | 1,217 | 462 | 461 | 5,686 | 455 | 959 | 1,002 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 617,853 | - | |
9901 |
-57,009 | -15,613 | -15,025 | -19,153 | -15,987 | 58,573 | 83,992 | 79,822 | -100,164 | 122,093 | -231,286 | 399,976 | 237,169 | 75,152 | -2,251 | -2,246 | -7,472 | -2,465 | 383,464 | -432,700 | |
75/76B |
18,112 | 18,728 | 1,932 | 42,209 | 15,244 | 7,317 | 884 | 552 | 459 | 1,233 | 1,237 | 405 | 1,113 | 5,028 | 7,700 | 1,635 | 11,300 | 9,837 | 11,146 | 11,873 | |
75 |
18,112 | 18,728 | 1,932 | 42,209 | 15,244 | 7,317 | 884 | 552 | 459 | 1,233 | 1,237 | 405 | 1,113 | 5,028 | 7,700 | 1,635 | 11,300 | 9,837 | 11,146 | 11,873 | |
65/66B |
113,490 | 182,287 | 200,889 | 132,329 | 31,065 | 3,810 | 4,477 | 60,145 | 11,626 | 26,308 | 2,232 | 56,380 | 46,980 | 1,809 | 23 | 38 | 1,222 | 3 | 167 | 126 | |
65 |
113,490 | 182,287 | 200,889 | 132,329 | 31,065 | 3,810 | 4,477 | 60,145 | 11,626 | 26,308 | 2,232 | 56,380 | 46,980 | 1,809 | 23 | 38 | 1,222 | 3 | 167 | 126 | |
9903 |
-152,387 | -179,172 | -213,983 | -109,274 | -31,809 | 62,080 | 80,399 | 20,229 | -111,330 | 97,018 | -232,280 | 344,001 | 191,302 | 78,371 | 5,426 | -649 | 2,606 | 7,369 | -201,067 | 2,789 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | -6 | 122,328 | 42,837 | 20 | - | 1 | - | 2 | 4,146 | - | |
9904 |
-152,387 | -179,172 | -213,983 | -109,274 | -31,809 | 62,080 | 80,399 | 20,229 | -111,330 | 97,018 | -232,275 | 221,673 | 148,465 | 78,351 | 5,426 | -650 | 2,606 | 7,367 | -158,992 | 2,789 | |
789 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 90,123 | - | |
9905 |
-152,387 | -179,172 | -213,983 | -109,274 | -31,809 | 62,080 | 80,399 | 20,229 | -111,330 | 97,018 | -232,275 | 221,673 | 148,465 | 78,351 | 5,426 | -650 | 2,606 | 7,367 | -68,869 | 2,789 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-770,503 | -618,116 | -438,944 | -224,962 | -115,688 | -83,880 | -145,959 | -226,358 | -246,587 | -135,257 | -232,275 | 221,673 | 170,071 | 24,231 | -54,120 | -59,546 | -58,896 | -61,502 | -68,869 | 2,789 | |
14P |
-618,116 | -438,944 | -224,962 | -115,688 | -83,880 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 221,673 | 170,071 | 2,625 | - | - | - | - | - | 2,789 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,625 | - | - | - | - | - | 2,789 | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | 221,673 | 170,071 | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 12 older financial years (1994-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00283659 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00247785 | |
| 31-12-2023 | abbreviated format | 08-07-2024 | 2024-00219040 | |
| 31-12-2022 | abbreviated format | 05-07-2023 | 2023-00201002 | |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20105293 | |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-32000137 | |
| 31-12-2019 | abbreviated format | 24-08-2020 | 2020-43600463 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-57600171 | |
| 31-12-2017 | abbreviated format | 17-10-2018 | 2018-69500389 | |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31300161 | |
| 31-12-2015 | abbreviated format | 14-07-2016 | 2016-32100068 | |
| 31-12-2014 | abbreviated format | 13-07-2015 | 2015-30800571 | |
| 31-12-2013 | abbreviated format | 02-07-2014 | 2014-26000021 | |
| 31-12-2012 | abbreviated format | 03-07-2013 | 2013-26700573 | |
| 31-12-2011 | abbreviated format | 20-06-2012 | 2012-19500533 | |
| 31-12-2010 | abbreviated format | 16-06-2011 | 2011-17100576 | |
| 31-12-2009 | abbreviated format | 16-06-2010 | 2010-18000533 | |
| 31-12-2008 | abbreviated format | 18-06-2009 | 2009-24600161 | |
| 31-12-2007 | abbreviated format | 14-07-2008 | 2008-40700306 | |
| 31-12-2006 | abbreviated format | 27-07-2007 | 2007-49400390 | |
| 31-12-2005 | abbreviated format | 23-06-2006 | 2006-30702816 | |
| 31-12-2004 | abbreviated format | 20-06-2005 | 2005-28802582 | |
| 31-12-2003 | abbreviated format | 06-10-2004 | 2004-71403161 | |
| 31-12-2002 | abbreviated format | 15-07-2003 | 2003-44801396 | |
| 31-12-2001 | abbreviated format | 24-07-2002 | 2002-42300770 | |
| 31-12-2000 | abbreviated format | 17-07-2001 | 2001-39200288 | |
| 31-12-1999 | abbreviated format | 30-08-2000 | 2000-53702535 | |
| 31-12-1998 | abbreviated format | 18-06-1999 | 1999-20202464 | |
| 31-12-1997 | abbreviated format | 03-07-1998 | 1998-29003414 | |
| 31-12-1996 | abbreviated format | 14-07-1997 | 1997-30005064 | |
| 31-12-1995 | abbreviated format | 20-06-1996 | 1996-19202975 | |
| 31-12-1994 | abbreviated format | 31-07-1995 | 1995-43504353 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | -99,850 | 122,407 | -230,972 | 400,290 | 237,483 | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | -111,016 | 97,332 | -231,961 | 221,987 | 148,779 | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 1,569 | - | - | - | - | - | - | - | ||
| 27,579 | -55,796 | -12,606 | -270,786 | 267,039 | 11,439 | 62,234 | 3,038 | -79,229 | -21,300 | -487,405 | 511,041 | -211,782 | 286,068 | 2,426 | -32,010 | 33,331 | 124 | -623 | - | ||
| 570,631 | 715,156 | 884,992 | 3.2m | 1.1m | 638,235 | 668,550 | 587,101 | 890,949 | 1.3m | 858,004 | 978,296 | 853,530 | 604,345 | 270,475 | 265,049 | 265,698 | 264,251 | 256,884 | 455,413 | ||
| -1.7% | 3.4% | 9.2% | 15.0% | 19.8% | 22.5% | 75.4% | 44.9% | 44.4% | 18.6% | 48.1% | 54.5% | 20.9% | 16.8% | 99.4% | 98.3% | 98.3% | 98.6% | 98.2% | 80.1% | ||
| 1.24 | 1.32 | 1.41 | 35.95 | 1.57 | 1.29 | 8.31 | 2.15 | 6.18 | 1.70 | 6.60 | 3.87 | 1.56 | 1.41 | - | 57.38 | 57.52 | - | 76.02 | 10.34 | ||
| 0.44 | 0.49 | 0.54 | 15.57 | 0.64 | 0.46 | 4.09 | 0.20 | 0.10 | 0.42 | 1.50 | 3.20 | 0.47 | 0.57 | - | 57.38 | 57.52 | - | 76.02 | 10.34 | ||
| - | 28.40 | 9.81 | 5.65 | 4.05 | 3.45 | 0.33 | 1.23 | 1.25 | 4.38 | 1.08 | 0.84 | 3.79 | 4.95 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.14 | ||
| - | -177.7% | -76.4% | -22.1% | -5.3% | 9.8% | 14.0% | 4.1% | -23.6% | 16.6% | -47.7% | 30.8% | 29.9% | 22.5% | 2.0% | -0.2% | 1.0% | 2.8% | -62.2% | 0.7% | ||
| -5.1% | -6.0% | -7.1% | -3.3% | -1.0% | 2.2% | 10.6% | 1.8% | -10.5% | 3.1% | -23.0% | 16.8% | 6.2% | 3.8% | 2.0% | -0.2% | 1.0% | 2.8% | -61.1% | 0.5% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €2.0m | €2.0m | €2.0m | €2.0m | - |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | |
| Carrying value of the mortgaged assets | €1.9m | €1.9m | €1.9m | €1.9m | €1.8m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
The operating result for 2025 is a loss of €57,009, larger than the loss of €15,613 in 2024. It is the lowest result since 2017.
Equity is negative. Debt (€3.0m) exceeds the balance-sheet total (€3.0m).
PILOTT has no parent and no holdings in its annual accounts.
| ROZENHOF
registered office since 23-11-1994 · founded in 1991 |
total assets €1.9m (2025) 0445.958.290 |
| CALETAS
registered office since 22-11-2017 · founded in 2017 |
total assets €280,577 (2025) 0684.895.818 |
| Vereniging van Mede-eigenaars Residentie Artan te Nieuwpoort, Zeedijk 9.
registered office since 01-08-1995 |
founded in 1995 0523.907.688 |
| JeLo vastgoed via ROZENHOF, no longer at JeLo vastgoed · Director · deed of 29-11-2022 founded in 2015 |
total assets €2.6m (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Zeedijk 9 registered office 8620 Nieuwpoort 6811001 Buying and selling of own real estate | 09-05-1994 | 2.066.745.544 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 38402D0043/00A000 | 450 m² | 1 · 548 m² | 32.0 m · 9 |
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