PIPAILLON ATELIER

Active

Private limited companyfounded 20242 yrs activeWaaglaan 61, 1050 Elsene, BelgiumKBO/BCE: BE 1010.786.124

Summary

The computed 12-month bankruptcy probability of PIPAILLON ATELIER is 2.6% (moderate). The 2025 annual accounts show equity of €1,227 and a net result of -€1,773. Its solvency ranks better than 20% of 13501 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

PIPAILLON ATELIERActiveChecked score 51/100

Risk analysis Report Compare

Activity

Agents in non-specialised wholesale trade

NACE 46190

1 site

Size

€114,045total assets 2025

Equity: €1,227
Loss: -€1,773

Turnover not published (abridged schema)

Financial health

51 Fair Checked score 2025

Bankruptcy chance 12 m: 2.6%

Structure

Parent: CMS Holding · 100%

Accounts filed 24 d late0 of 1 deed read

Why 51- Founded in 2024- Liquidity: current ratio 0.98, cash €2,256- Equity €1,227 (1.1% of total assets)- Size: total assets €114,045Show the evidence

Checked score

Score 2025

51 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 29% of its sector peers (NACE 46, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 26

equity 1.1% of total assets

Liquidity 27

short-term debt 50.9% · cash 2.0%

Profitability 60

return on assets -1.6%

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,865 companies)

Last 24 months 07-2025: 1.7%lowest value 08-2025: 1.7%● 0.0% vs 07-2025lowest value 09-2025: 1.8%▲ +4.8% vs 08-2025 10-2025: 2.1%▲ +17.0% vs 09-2025 11-2025: 2.2%▲ +5.3% vs 10-2025 12-2025: 2.4%▲ +10.9% vs 11-2025 01-2026: 2.4%● 0.0% vs 12-2025 02-2026: 2.7%▲ +10.3% vs 01-2026 03-2026: 2.7%▲ +1.9% vs 02-2026 04-2026: 2.6%▼ -4.3% vs 03-2026 05-2026: 2.9%▲ +8.8% vs 04-2026 06-2026: 3.0%▲ +4.3% vs 05-2026 07-2026: 3.0%▲ +1.1% vs 06-2026highest value 08-2026: 3.0%● 0.0% vs 07-2026highest value 09-2026: 2.6%▼ -13.6% vs 08-2026 10-2026: 2.6%● 0.0% vs 09-2026

Founded in 2024 raises the probability for this profile
Liquidity: current ratio 0.98, cash €2,256 raises the probability
Equity €1,227 (1.1% of total assets) raises the probability
Size: total assets €114,045 raises the probability for this profile

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 17%, liquidity 25%, profitability 44%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

Liquidity: current ratio 0.98, cash €2,256

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €1,227 (1.1% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €114,045

In the bankruptcy model this factor raises the probability for this profile.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 13501 sector peers (2025).

NBB · sector comparison

Position among 13501 sector peers

Solvency

better than 20%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2025

24 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

24-08-26 Annual accounts filedfiscal year 2025 · micro…

Key points

Caution: Among the weakest 20% on solvencysector median 41.5% · 13,501 companies 1.1% View
Controlled by CMS Holding 100% View
Total assets 2025first fiscal year filed €114,045 View