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PIONA

Active
Private limited companyfounded 200026 yrs activeMoorsledestraat 3, 8890 Moorslede, BelgiumKBO/BCE: BE 0472.770.872
Summary

PIONA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256,312 and a net result of -€42. Equity remains stable across the filed fiscal years (±0.2% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability69▲+2
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 24.37 against 39.37 in 2024; short-term debt: 1.4% and cash: 32.2% of total assets), and 1.4% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 26 years 0 30 y
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 d early
2024
27 d late
2023
16 d early
2022
25 d early
2021
11 d early
2020
33 d early
2019
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 16 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)
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. Usually files around 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 18 September 2000, PIONA was incorporated.1 Total assets went from EUR 487,258 in 2018 to EUR 259,852 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€256,312=
2024 · €256,354
Total assets
€259,852▲ 0.5%
2024 · €258,662
Net result
-€42▲ 98.6%
2024 · -€2,945
Working capital
€82,737▲ 13.0%
2024 · €73,215
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€2,482-€475▲ 80.9%-€739▼ 55.6%-€2,884▼ 290%€22
Net result-€1,251-€529▲ 57.7%-€793▼ 49.9%-€2,945▼ 271%-€42▲ 98.6%
Equity€260,621▼ 0.5%€260,092▼ 0.2%€259,299▼ 0.3%€256,354▼ 1.1%€256,312=
Total assets€261,868▼ 0.7%€261,685▼ 0.1%€262,588▲ 0.3%€258,662▼ 1.5%€259,852▲ 0.5%
Debt€1,247▼ 33.3%€1,592▲ 27.7%€3,289▲ 107%€2,308▼ 29.8%€3,540▲ 53.4%
Working capital€47,559▲ 15.1%€57,655▲ 21.2%€67,487▲ 17.1%€73,215▲ 8.5%€82,737▲ 13.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0Operating result 2021: -€2,482-€2,482Net result 2021: -€1,251-€1,251Operating result 2022: -€475-€475Net result 2022: -€529-€529Operating result 2023: -€739-€739Net result 2023: -€793-€793Operating result 2024: -€2,884-€2,884Net result 2024: -€2,945-€2,945Operating result 2025: €22€22Net result 2025: -€42-€4220212022202320242025-€3,000-€2,000-€1,000€0Operating result 2023: -€739-€739Net result 2023: -€793-€793Operating result 2024: -€2,884-€2,880Net result 2024: -€2,945-€2,940Operating result 2025: €22€22Net result 2025: -€42-€42202320242025
The operating result returns to profit in 2025: €22 after a loss of €2,884 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €259,852
Fixed assets €173,575 ▼ 5.4%
Current assets €86,276 ▲ 14.8%
Equity and liabilities €259,852
Equity €256,312 =
Debt €3,540 ▲ 53.4%
Debt's share of the balance-sheet total rises from 0.9% to 1.4%. Debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€11,043▲
2024 · €7,968
Cash flow
€10,979▲
2024 · €7,908
Current ratio
24.37▼
2024 · 39.37
Debt to equity
0.01▲
2024 · 0.01
ROE
0.0%▲
2024 · -1.1%
ROA
0.0%▲
2024 · -1.1%
Interest coverage
172.55▲
2024 · 131.71
Debt ≤ 1 year
€3,540▲
2024 · €1,908
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€258,662€259,852▲
Fixed assets21/28€183,539€173,575▼
Tangible fixed assets22/27€183,539€173,575▼
Land and buildings22€183,539€173,575▼
Current assets29/58€75,123€86,276▲
Amounts receivable within one year40/41€0-
Other amounts receivable41€0-
Cash at bank and in hand54/58€72,608€83,770▲
Deferred charges and accrued income490/1€2,515€2,507▼
Equity and liabilities
Total equity and liabilities10/49€258,662€259,852▲
Equity10/15€256,354€256,312=
Contributions10/11€392,000€392,000=
Profit (loss) carried forward14-€135,646-€135,688=
Amounts payable17/49€2,308€3,540▲
Amounts payable within one year42/48€1,908€3,540▲
Trade debts44€1,188€2,820▲
Suppliers440/4€1,188€2,820▲
Other amounts payable47/48€720€720=
Accrued charges and deferred income492/3€400€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,853€11,021▲
Other operating charges640/8€1,939€1,999▲
Gross operating margin9900€9,907€13,042▲
Operating profit (loss)9901-€2,884€22▲
Financial charges65/66B€61€64▲
Recurring financial charges65€61€64▲
Profit (loss) for the period before taxes9903-€2,945-€42▲
Profit (loss) for the period9904-€2,945-€42▲
Profit (loss) for the period to be appropriated9905-€2,945-€42▲
Appropriation of the result
Profit (loss) to be appropriated9906-€135,646-€135,688=
Profit (loss) brought forward from the previous period14P-€132,701-€135,646▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,809€10,625€10,625€10,853€11,021▲ 1.6%
Other operating charges640/8€1,492€1,711€1,870€1,939€1,999▲ 3.1%
Gross operating margin9900€9,818€11,861€11,756€9,907€13,042▲ 31.6%
Operating profit (loss)9901-€2,482-€475-€739-€2,884€22▲ 101%
Financial income75/76B€1,277-----
Recurring financial income75€1,277-----
Financial charges65/66B€46€54€54€61€64▲ 5.8%
Recurring financial charges65€46€54€54€61€64▲ 5.8%
Profit (loss) for the period before taxes9903-€1,251-€529-€793-€2,945-€42▲ 98.6%
Profit (loss) for the period9904-€1,251-€529-€793-€2,945-€42▲ 98.6%
Profit (loss) for the period to be appropriated9905-€1,251-€529-€793-€2,945-€42▲ 98.6%
Line20212022202320242025Change
Assets
Total assets20/58€261,868€261,685€262,588€258,662€259,852▲ 0.5%
Fixed assets21/28€213,062€202,437€191,812€183,539€173,575▼ 5.4%
Tangible fixed assets22/27€213,062€202,437€191,812€183,539€173,575▼ 5.4%
Land and buildings22€213,062€202,437€191,812€183,539€173,575▼ 5.4%
Current assets29/58€48,806€59,248€70,776€75,123€86,276▲ 14.8%
Amounts receivable within one year40/41--€150€0--
Other amounts receivable41--€150€0--
Cash at bank and in hand54/58€47,880€57,794€68,643€72,608€83,770▲ 15.4%
Deferred charges and accrued income490/1€926€1,454€1,983€2,515€2,507▼ 0.3%
Equity and liabilities
Total equity and liabilities10/49€261,868€261,685€262,588€258,662€259,852▲ 0.5%
Equity10/15€260,621€260,092€259,299€256,354€256,312=
Contributions10/11€392,000€392,000€392,000€392,000€392,000=
Capital10€392,000€392,000----
Issued capital100€392,000€392,000----
Profit (loss) carried forward14-€131,379-€131,908-€132,701-€135,646-€135,688=
Amounts payable17/49€1,247€1,592€3,289€2,308€3,540▲ 53.4%
Amounts payable within one year42/48€1,247€1,592€3,289€1,908€3,540▲ 85.5%
Trade debts44€527€872€2,569€1,188€2,820▲ 137%
Suppliers440/4€527€872€2,569€1,188€2,820▲ 137%
Other amounts payable47/48€720€720€720€720€720=
Accrued charges and deferred income492/3---€400€0▼ 100%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,251-€529-€793-€2,945-€42▲ 98.6%
+ Depreciation and write-downs630€10,809€10,625€10,625€10,853€11,021▲ 1.6%
Operating cash flow (approximation)€9,558€10,096€9,832€7,908€10,979▲ 38.8%
Investment in fixed assets (approximation)-€0€0-€2,580-€1,058▲ 59.0%
Change in cash-€9,914€10,850€3,965€11,161▲ 182%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial Weakest financial yearnet -€2,945
Net result drops to -€2,945, the lowest in the series; recovery starts the following year.
15-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Liquidity doublescurrent ratio 29.12
Current ratio from 13.17 to 29.12; short-term debt falls from €2,336 to €1,469.
03-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Moorslede · 1 establishment unit since 2001
seat establishment The establishment unit on the map
Ground area
1.5 ha
Building footprint
269 m²
Volume, LiDAR
2,522 m³
Parcel 36003A0005/00R000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Moorsledestraat 3, 8890 Moorslede
NACE 70201
since 20012.101.098.489
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36003A0005/00R000 Flanders 1.5 ha 1 · 269 m² 12.4 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded18-09-2000
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

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.