PiotFarma
PiotFarma is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €13k and a net result of €-102k. Equity is shrinking by ~42.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 9% of 1397 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €13k |
| Net result | €-102k |
| Staff (FTE) | 0.6 |
| Better than sector | 9% |
Fragile profile, watch health in particular.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.7% | 37.2% | |
| Net result | €-102k | €46k | |
| Equity | €13k | €362k | |
| Gross operating margin | €236k | €66k | |
| Staff costs | €60k | €70k |
| Fiscal year | 2024 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-102k |
| Cash flow | n/a |
| Staff costs | €60k |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €1.87M |
| Equity | €13k |
| Debt | €1.85M |
| of which ≤ 1y | €324k |
| of which > 1y | €1.52M |
| Working capital | n/a |
| Employees (FTE) | 0.6 |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 0.7% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -5.5% |
| ROE | -798.3% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.87M |
| Fixed assets | 21/28 | €1.44M |
| Intangible fixed assets | 21 | €1.10M |
| Tangible fixed assets | 22/27 | €345k |
| Financial fixed assets | 28 | €325 |
| Current assets | 29/58 | €422k |
| Stocks & contracts in progress | 3 | €166k |
| Amounts receivable within one year | 40/41 | €94k |
| Cash & bank | 54/58 | €125k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.87M |
| Equity | 10/15 | €13k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €3k |
| Amounts payable | 17/49 | €1.85M |
| Amounts payable after one year | 17 | €1.52M |
| Amounts payable within one year | 42/48 | €324k |
| Trade debts payable within one year | 44 | €129k |
| Income statement | ||
| Gross operating margin | 9900 | €236k |
| Operating result | 9901 | €18k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €120k |
| Result before taxes | 9903 | €-100k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-102k |
| Result to be appropriated | 9905 | €-102k |
| NACE primary | Financial services(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 30-04-2021 |
| Status | Active |
| Postal code | 3390 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24106B0369/00E002 | Flanders | 1,812 m² | 1 · 300 m² | 9.0 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
10-07-2024 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "fusion_share_issue",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"share_emission": {
"agio_eur": null,
"share_form": null,
"share_class": null,
"n_new_shares": null,
"with_new_shares": false,
"nominal_value_eur": null,
"issue_price_per_share_eur": null
},
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": "Liesbeth Lerut",
"firm_city": null,
"firm_name": null,
"office_city": "Tielt-Winge",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-07-10",
"filing_date": "2024-03-22",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2024-06-14",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0767.724.217",
"name_full": "PiotFarma",
"legal_form": "BV",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"afschrift van de akte en statuten"
],
"shareholders_after": [],
"share_classes_after": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | PiotFarma |