PILPEL
ActiveSummary
PILPEL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €428,587 and a net result of €25,245. Equity is shrinking by ~8.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
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Signals
This company filed its last 7 accounts on average 13 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
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Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,040 | €23,256 | €23,256 | €23,256 | €23,539 | ▲ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €35,280 | €35,280 | - | - | -€73,609 | - |
| Other operating charges640/8 | €8,339 | €3,789 | €4,151 | €7,353 | €14,493 | ▲ 97.1% |
| Gross operating margin9900 | €16,203 | €18,269 | -€7,889 | -€1,029 | -€10,594 | ▼ 929% |
| Operating profit (loss)9901 | -€50,456 | -€44,056 | -€35,296 | -€31,638 | €24,983 | ▲ 179% |
| Financial income75/76B | - | €97 | - | - | €789 | - |
| Recurring financial income75 | - | €97 | - | - | €789 | - |
| Financial charges65/66B | €462 | €473 | €376 | €238 | €527 | ▲ 121% |
| Recurring financial charges65 | €462 | €473 | €376 | €238 | €527 | ▲ 121% |
| Profit (loss) for the period before taxes9903 | -€50,918 | -€44,432 | -€35,672 | -€31,876 | €25,245 | ▲ 179% |
| Profit (loss) for the period9904 | -€50,918 | -€44,432 | -€35,672 | -€31,876 | €25,245 | ▲ 179% |
| Transfer from tax-exempt reserves789 | €6,904 | €164,332 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€44,014 | €119,900 | -€35,672 | -€31,876 | €25,245 | ▲ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €545,860 | €515,240 | €488,875 | €463,826 | €434,195 | ▼ 6.4% |
| Fixed assets21/28 | €501,577 | €478,321 | €455,066 | €431,810 | €420,671 | ▼ 2.6% |
| Tangible fixed assets22/27 | €501,577 | €478,321 | €455,066 | €431,810 | €420,671 | ▼ 2.6% |
| Land and buildings22 | €497,071 | €474,393 | €451,715 | €429,037 | €418,475 | ▼ 2.5% |
| Furniture and vehicles24 | €4,506 | €3,928 | €3,351 | €2,773 | €2,196 | ▼ 20.8% |
| Current assets29/58 | €44,283 | €36,919 | €33,810 | €32,016 | €13,524 | ▼ 57.8% |
| Amounts receivable within one year40/41 | €39,402 | €31,566 | €31,566 | €31,566 | €12,698 | ▼ 59.8% |
| Other amounts receivable41 | €39,402 | €31,566 | €31,566 | €31,566 | €12,698 | ▼ 59.8% |
| Cash at bank and in hand54/58 | €4,501 | €5,193 | €676 | €451 | €400 | ▼ 11.2% |
| Deferred charges and accrued income490/1 | €380 | €160 | €1,568 | - | €425 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €545,860 | €515,240 | €488,875 | €463,826 | €434,195 | ▼ 6.4% |
| Equity10/15 | €515,321 | €470,889 | €435,217 | €403,341 | €428,587 | ▲ 6.3% |
| Contributions10/11 | €79,936 | €79,936 | €79,936 | €79,936 | €79,936 | = |
| Capital10 | €79,936 | €79,936 | €79,936 | €79,936 | €79,936 | = |
| Issued capital100 | €79,936 | €79,936 | €79,936 | €79,936 | €79,936 | = |
| Reserves13 | €172,326 | €7,994 | €7,994 | €7,994 | €7,994 | = |
| Non-distributable reserves130/1 | €7,994 | €7,994 | €7,994 | €7,994 | €7,994 | = |
| Legal reserve130 | €7,994 | €7,994 | €7,994 | €7,994 | €7,994 | = |
| Tax-exempt reserves132 | €164,332 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €263,060 | €382,960 | €347,288 | €315,412 | €340,658 | ▲ 8.0% |
| Amounts payable17/49 | €30,538 | €44,350 | €53,658 | €60,485 | €5,608 | ▼ 90.7% |
| Amounts payable within one year42/48 | €30,538 | €42,330 | €53,658 | €60,485 | €5,608 | ▼ 90.7% |
| Financial debts43 | - | - | €2 | - | €46 | - |
| Credit institutions430/8 | - | - | €2 | - | €46 | - |
| Trade debts44 | €359 | €3,841 | €11,930 | €3,766 | €5,562 | ▲ 47.7% |
| Suppliers440/4 | €359 | €3,841 | €11,930 | €3,766 | €5,562 | ▲ 47.7% |
| Other amounts payable47/48 | €30,179 | €38,488 | €41,725 | €56,718 | - | - |
| Accrued charges and deferred income492/3 | - | €2,021 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€50,918 | -€44,432 | -€35,672 | -€31,876 | €25,245 | ▲ 179% |
| + Depreciation and write-downs630 | €23,040 | €23,256 | €23,256 | €23,256 | €23,539 | ▲ 1.2% |
| Operating cash flow (approximation) | -€27,878 | -€21,176 | -€12,416 | -€8,620 | €48,784 | ▲ 666% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€12,400 | - |
| Change in cash | - | €692 | -€4,517 | -€226 | -€50 | ▲ 77.6% |
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
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0439/00G000 | Brussels | 6,382 m² | 1 · 900 m² | 25.7 m · 8 fl. |
| 25743K0016/00W000 | Wallonia | 1,471 m² | 1 · 188 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.