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PIONIRA

Active
Public limited companyfounded 2014active for 11 yearsKapellestraat 136, 8020 Oostkamp, BelgiumKBO/BCE: BE 0505.688.120
Summary

The annual accounts of PIONIRA for financial year 2025 show a net loss of 70% of the equity at the start of that year. The 2025 annual accounts show equity of €82,256 and a net result of -€193,100. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 1,677 sector peers (NACE 62, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow ReportCompare
PIONIRAActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100
7th largest company by total assets in Oostkamp, Telecoms and IT sector1 site
Size
€3.0mtotal assets 2025
Staff
16.8 FTE
Equity
€82,256
Loss
-€193,100
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Largest shareholder
PORTUNES · 49.96%
Board
5 members
  • BV GEVAERT CONSULTINGManaging director · permanent representative STEFAN GEVAERT
2025 accounts 2 days early4 of 10 deeds summarised
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearEquity €82,256 (2.8% of total assets)Size: 16.8 FTE, total assets €3.0mLoss of €193,100, the second in a row (financial year 2025)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 12% of its sector peers (NACE 62, small)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 28-19
equity 2.8% of total assets
Liquidity 16-4
short-term debt 72.1% · cash 3.8%
Profitability 34+17
return on assets -6.5%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,163 companies, NACE 62, small)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.7%▲ +0.3 percentage points vs 07-2025 09-2025: 1.3%▲ +0.6 percentage points vs 08-2025 10-2025: 1.4%▲ +0.1 percentage points vs 09-2025 11-2025: 1.3%▼ -0.1 percentage points vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.4%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 0.7%▼ -0.7 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.8%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▼ -0.2 percentage points vs 07-2026 09-2026: 0.7%▲ +0.1 percentage points vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €4,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.69, compared with 0.55 in 2024, below 1; short-term debt: 72.1% and cash: 3.8% of total assets), and 97.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 62, small): better than 11% on solvency, 10% on liquidity, 22% on profitability and 5% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Equity €82,256 (2.8% of total assets)
NBB · annual accounts
raises risk · Size: 16.8 FTE, total assets €3.0m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Loss of €193,100, the second in a row (financial year 2025)
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€193,100
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1677 sector peers (2025).
NBB · sector comparison
Position among 1677 sector peers
Solvency
better than 19%
← weakest strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
18 days late
2023
37 days early
2022
33 days early
2021
30 days late
2020
40 days early
2019
56 days early
← 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 17 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: Jozef Herman, Dirk Bruneel and…Appointments: Jacopo Maurizio Roguzzi (director)…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Capital & shares · Amendment of…Kind of shares · Transfer…

Key points

  • Caution: Equity fell in 2025from €275,356 to €82,256 ▼ 70.1% View
  • Caution: Among the weakest 15% on net resultsector median €35,802 · 1,679 companies -€193,100 View
  • Board changedlatest change 23-12-2025 · 5 in office 2 joined · 4 left View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€193,100 View
  • EU supportawarded from 2021 to 2025 €620,075 View

By topic

Financials

Financial year
2025
Total assets
€3.0m
Loss
-€193,100
Solvency
2.8%
Total assets▲ 134%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
Largest shareholder
PORTUNES · 49.96%
  • BV GEVAERT CONSULTINGManaging director
  • BV V.L. CONSULTANCYManaging director
  • JOZEF HERMANSDirector
  • Andrea CastagneraDirector
  • Jacopo Maurizio RoguzziDirector
Go to Board & ownership

Timeline

Events
19
Since
2016
Next accounts
by 31-07-2027
  1. 18-08-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 30-07-2024Reappointments: BV V.L. CONSULTANCY, BV GEVAERT CONSULTING…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
25-11-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about PIONIRA

What is the company number of PIONIRA?
0505.688.120. In Belgium the VAT number is the company number with BE in front: BE 0505.688.120.
Where is PIONIRA based?
The registered office is at Kapellestraat 136, 8020 Oostkamp.Company details
What does PIONIRA do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of PIONIRA?
Public limited company (NV).
When was PIONIRA founded?
On 25-11-2014.
Is PIONIRA still active?
Yes, PIONIRA is an active enterprise in the KBO register.
How many employees does PIONIRA have?
On average 16.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PIONIRA?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is PIONIRA profitable?
In financial year 2025, PIONIRA made a loss of €193,100.
Where can I find the annual accounts of PIONIRA?
PIONIRA filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PIONIRA due?
By 31-07-2027, for financial year 2026.Timeline

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