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PIPING PRODUCTS DISTRIBUTION

Active
Private limited companyfounded 1994active for 32 yearsMolenweg 92, 2830 Willebroek, BelgiumKBO/BCE: BE 0452.169.458

From the official registers: KBO 30 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of PIPING PRODUCTS DISTRIBUTION is 2.9% (moderate). The 2025 annual accounts show equity of €177,414 and a net result of -€122,797. Equity has been growing by about 3.8% per year since 2019. Its solvency ranks better than 19% of 6,167 sector peers (NACE 46, financial year 2025). The company has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 11-03-1994 Normal situation
Activity
Wholesale trade NACE 46842and 1 other
Establishment unit
2.066.110.193 2830 Willebroek, since 24-03-1994
Financial year end
31 December
Peppol
Reachable since 09-03-2026

Board and ownership

Board

Financial position

49 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.9%
Annual accounts 2025
Gross margin
€205,675
▼ 38.7%
Turnover
≈ €1.1m
estimated
Loss
€122,797
Equity
€177,414
▼ 40.9%
Total assets
€1.0m
▲ 8.9%
Staff
4 FTE
▼ 33.3%
Filed on 30-09-2026, 61 days after the deadlineat the National Bank
Score breakdownraises riskLoss of €122,797 (financial year 2025)Last filed accounts filed 61 days late; 3 of the last 3 accounts lateEquity €177,414 (16.9% of total assets)Sector: Wholesale trade (NACE 46)Show the evidence

Checked score

Score 2025
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 20% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency 42-14
equity 16.9% of total assets
Liquidity 28+13
short-term debt 54.1% · cash 4.4%
Profitability 4-66
return on assets -11.7%
Bankruptcy probability within 12 months
2.9% 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% (26,900 companies, NACE 46, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.2 percentage points vs 07-2025 09-2025: 0.9%▲ +0.2 percentage points vs 08-2025 10-2025: 1.2%▲ +0.3 percentage points vs 09-2025 11-2025: 0.5%▼ -0.7 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.4%▼ -0.1 percentage points vs 05-2026 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026 09-2026: 0.9%▲ +0.1 percentage points vs 08-2026 10-2026: 2.9%▲ +2.0 percentage points vs 09-2026highest value
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.84 (1.43 in 2024), above the usual 1.5. Short-term debt is 54.1% and cash 4.4% of total assets. However, 83.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 46, micro). It does better than 29% of them on solvency, 25% on liquidity, 14% on profitability and 12% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises risk
raises risk · Loss of €122,797 (financial year 2025)
NBB · annual accounts
raises risk · Last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Equity €177,414 (16.9% of total assets)
NBB · annual accounts
raises risk · Sector: Wholesale trade (NACE 46)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 6167 sector peers (2025).
NBB · sector comparison
Position among 6167 sector peers
Solvency
better than 19%
← weakest strongest →
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
59 days late
2023
59 days late
2022
189 days late
2021
17 days early
2020
180 days late
2019
208 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 106 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 30 September (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €6,372 in 2024 -€122,797 View
  • Caution: Lower net result than 87% of companies in wholesale tradesector median €112,000 · 6,101 companies -€122,797 View

Comparable companies

These companies have the same main activity as PIPING PRODUCTS DISTRIBUTION: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €525,000 and €1.4m, founded between 1992 and 1995.

CompanyTotal assetsGross margin
PIPING PRODUCTS DISTRIBUTION Willebroek€1.0m€0.2m
LECOQ S.A. Waimes€1.4m€0.2m
HEKON Herentals€1.3m€0.3m
Thermad - Brink Luchtverwarming Antwerpen€1.0m€0.4m
DRYFAST Pelt€0.8m€0.3m
VERLIGRO Lier€0.5m€0.2m
LBG ENGINEERING Gent€0.9m€0.1m
Full comparison

Documents

Annual accounts at the NBB

All 30 annual accounts

Articles and registers

Key facts about PIPING PRODUCTS DISTRIBUTION

What is the company number of PIPING PRODUCTS DISTRIBUTION?
The company number of PIPING PRODUCTS DISTRIBUTION is 0452.169.458. The VAT number is the same number with BE in front: BE 0452.169.458.
Where is PIPING PRODUCTS DISTRIBUTION based?
The registered office is at Molenweg 92, 2830 Willebroek.Company details
What does PIPING PRODUCTS DISTRIBUTION do?
According to the KBO register, the main activity is wholesale trade (NACE 46842).
What is the legal form of PIPING PRODUCTS DISTRIBUTION?
The legal form of PIPING PRODUCTS DISTRIBUTION is Private limited company (BV).
When was PIPING PRODUCTS DISTRIBUTION founded?
PIPING PRODUCTS DISTRIBUTION was founded on 11-03-1994.
Is PIPING PRODUCTS DISTRIBUTION still active?
Yes, PIPING PRODUCTS DISTRIBUTION is an active enterprise in the KBO register.
How many employees does PIPING PRODUCTS DISTRIBUTION have?
PIPING PRODUCTS DISTRIBUTION had an average of 4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PIPING PRODUCTS DISTRIBUTION?
The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €205,675 and 103 comparable companies (NACE 46). It probably lies between €530,000 and €1.9m.
Is PIPING PRODUCTS DISTRIBUTION profitable?
In financial year 2025, PIPING PRODUCTS DISTRIBUTION made a loss of €122,797.
Where can I find the annual accounts of PIPING PRODUCTS DISTRIBUTION?
PIPING PRODUCTS DISTRIBUTION filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of PIPING PRODUCTS DISTRIBUTION due?
PIPING PRODUCTS DISTRIBUTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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