Pimalion
ActiveSummary
Pimalion has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €333,210 and a net result of -€142,331. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 1438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+35
Solvency55▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.79 in 2024; short-term debt: 57.1% and cash: 1.8% of total assets), and 69.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€142,331
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
31 d early
2023
31 d early
2022
34 d early
2021
79 d early
2020
142 d early
2019
24 d late
← 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 46 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#7 company by equity in La Hulpe, Telecoms and IT sector#8 company by total assets in La Hulpe, Telecoms and IT sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€142,331▲ 44.6%
2024 · -€256,720
Working capital
-€436,061▼ 36.3%
2024 · -€320,019
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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€428,583▲ 191%€353,040▼ 17.6%-€145,649-€206,194▼ 41.6%-€114,195▲ 44.6%
Net result€400,738above the sector's middle half▲ 204%€312,355above the sector's middle half▼ 22.1%-€175,292below the sector's middle half-€256,720below the sector's middle half▼ 46.5%-€142,331below the sector's middle half▲ 44.6%
Equity€495,199within the sector's middle half▲ 424%€807,554within the sector's middle half▲ 63.1%€632,262within the sector's middle half▼ 21.7%€475,542within the sector's middle half▼ 24.8%€333,210within the sector's middle half▼ 29.9%
Total assets€949,333within the sector's middle half▲ 15.5%€1.4mwithin the sector's middle half▲ 48.5%€1.5mwithin the sector's middle half▲ 7.2%€2.2mwithin the sector's middle half▲ 43.6%€1.1mwithin the sector's middle half▼ 49.3%
Debt€454,134▼ 37.6%€602,618▲ 32.7%€879,814▲ 46.0%€1.7m▲ 92.8%€766,989▼ 54.8%
Working capital€147,869€177,406▲ 20.0%-€74,332-€320,019▼ 331%-€436,061▼ 36.3%
Solvency52.2%within the sector's middle half▲ 40.7pp57.3%within the sector's middle half▲ 5.1pp41.8%within the sector's middle half▼ 15.5pp21.9%within the sector's middle half▼ 19.9pp30.3%within the sector's middle half▲ 8.4pp
Staff (FTE)2below the sector's middle half2below the sector's middle half=2below the sector's middle half=0.7below the sector's middle half▼ 65.0%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result +204% on 2020. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €114,195 in 2025 against €206,194 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€907,987 ▼ 4.6%
Current assets
€192,212 ▼ 84.2%
Equity and liabilities €1.1m
Equity
€333,210 ▼ 29.9%
Debt
€766,989 ▼ 54.8%
Debt's share of the balance-sheet total falls from 78.1% to 69.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€188,147▲
2024 · €87,588
Cash flow
€160,011▲
2024 · €37,062
Current ratio
0.31▼
2024 · 0.79
Debt to equity
2.30▼
2024 · 3.57
ROE
-42.7%▲
2024 · -54.0%
ROA
-12.9%▼
2024 · -11.8%
Interest coverage
6.69▲
2024 · 1.69
Debt ≤ 1 year
€628,273▼
2024 · €1.5m
Debt > 1 year
€86,516▼
2024 · €148,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 371 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 92% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
0.8%
went bankrupt
6.7%
stopped otherwise
92%
still going
A further 0.8% 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 497,058 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% | 1.6% |
| 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 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 371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €66,429 | €132,510 | €157,669 | €53,015 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135,442 | €147,593 | €200,419 | €293,782 | €302,342 | ▲ 2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €23,425 | - | - | - |
| Other operating charges640/8 | €1,969 | €1,162 | €4,065 | - | - | - |
| Non-recurring operating charges66A | - | - | €268 | €59,202 | €7,588 | ▼ 87.2% |
| Gross operating margin9900 | €632,423 | €634,305 | €240,196 | €199,804 | €195,734 | ▼ 2.0% |
| Operating profit (loss)9901 | €428,583 | €353,040 | -€145,649 | -€206,194 | -€114,195 | ▲ 44.6% |
| Financial income75/76B | - | - | €2,418 | - | - | - |
| Recurring financial income75 | - | - | €2,418 | - | - | - |
| Financial charges65/66B | €27,822 | €14,045 | €32,061 | €51,897 | €28,136 | ▼ 45.8% |
| Recurring financial charges65 | €12,844 | €13,106 | €32,061 | €51,897 | €28,136 | ▼ 45.8% |
| Non-recurring financial charges66B | €14,979 | €939 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €400,761 | €338,995 | -€175,292 | -€258,091 | -€142,331 | ▲ 44.9% |
| Income taxes67/77 | €23 | €26,640 | - | -€1,371 | - | - |
| Profit (loss) for the period9904 | €400,738 | €312,355 | -€175,292 | -€256,720 | -€142,331 | ▲ 44.6% |
| Profit (loss) for the period to be appropriated9905 | €400,738 | €312,355 | -€175,292 | -€256,720 | -€142,331 | ▲ 44.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €949,333 | €1.4m | €1.5m | €2.2m | €1.1m | ▼ 49.3% |
| Fixed assets21/28 | €414,830 | €667,648 | €931,286 | €951,888 | €907,987 | ▼ 4.6% |
| Intangible fixed assets21 | €202,988 | €256,808 | €453,428 | €943,071 | €901,148 | ▼ 4.4% |
| Tangible fixed assets22/27 | €202,342 | €401,340 | €464,976 | €1,148 | €462 | ▼ 59.8% |
| Plant, machinery and equipment23 | €4,342 | €5,340 | €3,194 | €1,148 | €462 | ▼ 59.8% |
| Assets under construction and advance payments27 | €198,000 | €396,000 | €461,782 | - | - | - |
| Financial fixed assets28 | €9,500 | €9,500 | €12,881 | €7,669 | €6,377 | ▼ 16.8% |
| Current assets29/58 | €534,503 | €742,524 | €580,790 | €1.2m | €192,212 | ▼ 84.2% |
| Amounts receivable within one year40/41 | €521,203 | €705,352 | €540,053 | €1.0m | €164,752 | ▼ 83.6% |
| Trade receivables40 | €482,800 | €649,248 | €437,940 | €922,888 | €162,056 | ▼ 82.4% |
| Other amounts receivable41 | €38,403 | €56,104 | €102,114 | €80,630 | €2,696 | ▼ 96.7% |
| Cash at bank and in hand54/58 | €12,516 | €30,924 | €26,972 | €215,212 | €19,298 | ▼ 91.0% |
| Deferred charges and accrued income490/1 | €784 | €6,249 | €13,764 | €941 | €8,162 | ▲ 768% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €949,333 | €1.4m | €1.5m | €2.2m | €1.1m | ▼ 49.3% |
| Equity10/15 | €495,199 | €807,554 | €632,262 | €475,542 | €333,210 | ▼ 29.9% |
| Contributions10/11 | €686,500 | €686,500 | €686,500 | €786,500 | €786,500 | = |
| Capital10 | €686,500 | €686,500 | €686,500 | €786,500 | €786,500 | = |
| Issued capital100 | €686,500 | €686,500 | €686,500 | €786,500 | €786,500 | = |
| Reserves13 | - | €118,650 | €118,650 | €118,650 | €118,650 | = |
| Non-distributable reserves130/1 | - | €68,650 | €68,650 | €68,650 | €68,650 | = |
| Legal reserve130 | - | €68,650 | €68,650 | €68,650 | €68,650 | = |
| Distributable reserves133 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€191,301 | €2,404 | -€172,888 | -€429,608 | -€571,940 | ▼ 33.1% |
| Amounts payable17/49 | €454,134 | €602,618 | €879,814 | €1.7m | €766,989 | ▼ 54.8% |
| Amounts payable after more than one year17 | €67,500 | €37,500 | €214,692 | €148,173 | €86,516 | ▼ 41.6% |
| Financial debts170/4 | €67,500 | €37,500 | €214,692 | €148,173 | €86,516 | ▼ 41.6% |
| Amounts payable within one year42/48 | €386,634 | €565,118 | €655,122 | €1.5m | €628,273 | ▼ 59.2% |
| Current portion of amounts payable after more than one year42 | €37,500 | €63,218 | €93,994 | €101,024 | €61,657 | ▼ 39.0% |
| Financial debts43 | €18,358 | €50,000 | €298,650 | €576,457 | €402,665 | ▼ 30.1% |
| Credit institutions430/8 | €18,358 | €50,000 | €298,650 | €576,457 | €402,665 | ▼ 30.1% |
| Trade debts44 | €318,782 | €215,474 | €247,036 | €327,954 | €163,951 | ▼ 50.0% |
| Suppliers440/4 | €318,782 | €215,474 | €247,036 | €327,954 | €163,951 | ▼ 50.0% |
| Advances received on contracts in progress46 | - | €212,895 | €7,260 | €460,546 | - | - |
| Taxes, remuneration and social security45 | €11,994 | €23,531 | €8,182 | €73,709 | - | - |
| Taxes450/3 | €23 | €39 | - | €73,709 | - | - |
| Remuneration and social security454/9 | €11,970 | €23,493 | €8,182 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €10,000 | €8,154 | €52,200 | ▲ 540% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €400,738 | €312,355 | -€175,292 | -€256,720 | -€142,331 | ▲ 44.6% |
| + Depreciation and write-downs630 | €135,442 | €147,593 | €200,419 | €293,782 | €302,342 | ▲ 2.9% |
| Operating cash flow (approximation) | €536,179 | €459,949 | €25,127 | €37,062 | €160,011 | ▲ 332% |
| Investment in fixed assets (approximation) | - | -€400,412 | -€464,056 | -€314,385 | -€258,441 | ▲ 17.8% |
| Change in cash | - | €18,408 | -€3,951 | €188,239 | -€195,913 | ▼ 204% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500,000Eq €807,554 ▲63.1%
3 profitable years in a row build equity to €807,554.
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €400,738 ▲204%
Operating result €428,583, net result €400,738, both a record.
31-12
Financial
Equity above €200,000Eq €495,199 ▲424%
2 profitable years in a row build equity to €495,199.
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €131,651
Net result €131,651 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet -€377,303
Net result drops to -€377,303, the lowest in the series; recovery starts the following year.
Show earlier events
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, La Hulpe · 1 establishment unit since 2015
Ground area
5.5 ha
Building footprint
1.5 ha
Volume, LiDAR
150,696 m³
Parcel 25050E0040/00S000, Wallonia · tallest building 21.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pimalion
since 20152.243.530.222
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050E0040/00S000 ProtectedSite or landscape |
Wallonia | 5.5 ha | 1 · 1.5 ha | 21.1 m · 3 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerChain of control
- DUOR MANAGEMENT
- Pimalion
Highest known parent: DUOR MANAGEMENT. The sources do not say who stands above it.
Owners 1
- DUOR MANAGEMENTparent81%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,778. 6,057 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0632990524
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.