PIRAH
ActivePIRAH has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €590k and a net result of €177k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 8578 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 14.49 against 11.61 in 2024), and 6.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.9%
Return on assets
28.2%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
16 d early
2023
13 d early
2022
39 d early
2021
37 d early
2020
25 d early
2019
15 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€590k▲ 42.9%
2024 · €413k
2018: €180k
2019: €191k
2020: €164k
2021: €94k
2022: €185k
2023: €303k
2024: €413k
2018 → 2025
Total assets
€628k▲ 41.0%
2024 · €445k
2018: €195k
2019: €203k
2020: €189k
2021: €217k
2022: €317k
2023: €399k
2024: €445k
2018 → 2025
Net result
€177k▲ 60.9%
2024 · €110k
2018: €15k
2019: €11k
2020: €-27k
2021: €69k
2022: €91k
2023: €118k
2024: €110k
2018 → 2025
Working capital
€519k▲ 56.2%
2024 · €332k
2018: €96k
2019: €127k
2020: €103k
2021: €66k
2022: €106k
2023: €211k
2024: €332k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€94k-€185k▲ 97.2%€303k▲ 63.6%€413k▲ 36.3%€590k▲ 42.9%
Operating result€100k-€142k▲ 42.1%€184k▲ 29.8%€173k▼ 6.0%€272k▲ 57.2%
Net result€69k-€91k▲ 31.6%€118k▲ 29.1%€110k▼ 6.6%€177k▲ 60.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 57% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €628k
Fixed assets
€70k▼ 13.8%
Current assets
€558k▲ 53.3%
Equity and liabilities €628k
Equity
€590k▲ 42.9%
Debt
€38k▲ 18.1%
The debt ratio falls from 7.3% to 6.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€283k▲
2024 · €186k
Cash flow
€188k▲
2024 · €123k
Solvency
93.9%▲
2024 · 92.7%
Current ratio
14.49▲
2024 · 11.61
Quick ratio
14.49▲
2024 · 11.61
Debt / equity
0.07▼
2024 · 0.08
ROE
30.0%▲
2024 · 26.6%
ROA
28.2%▲
2024 · 24.7%
Interest coverage
81.70▲
2024 · 57.05
Debt
€38k▲
2024 · €33k
Debt ≤ 1 year
€38k▲
2024 · €31k
Income taxes
€92k▲
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€445k€628k▲
Fixed assets21/28€82k€70k▼
Tangible fixed assets22/27€82k€70k▼
Land and buildings22€57k€55k▼
Plant, machinery and equipment23€7k€7k▼
Furniture and vehicles24€17k€8k▼
Current assets29/58€364k€558k▲
Amounts receivable within one year40/41€67k€92k▲
Trade receivables40€61k€57k▼
Other amounts receivable41€6k€35k▲
Cash at bank and in hand54/58€289k€460k▲
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€445k€628k▲
Equity10/15€413k€590k▲
Contributions10/11€12k€12k=
Reserves13€400k€577k▲
Distributable reserves133€400k€577k▲
Amounts payable17/49€33k€38k▲
Amounts payable within one year42/48€31k€38k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€29k€33k▲
Taxes450/3€29k€33k▲
Other amounts payable47/48€235€0▼
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€11k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€187k€284k▲
Operating profit (loss)9901€173k€272k▲
Financial income75/76B€24€955▲
Recurring financial income75€24€955▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€170k€269k▲
Income taxes67/77€60k€92k▲
Profit (loss) for the period9904€110k€177k▲
Profit (loss) for the period to be appropriated9905€110k€177k▲
Appropriation of the result
Profit (loss) to be appropriated9906€110k€177k▲
Transfer to equity691/2€110k€177k▲
To other reserves6921€110k€177k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €177k ▲60.9%
Operating result €272k, net result €177k, both a record.
31-12
Financial
Equity above €500kEq €590k ▲42.9%
5 profitable years in a row build equity to €590k.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 11.61
Current ratio from 3.25 to 11.61; short-term debt falls from €94k to €31k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €303k ▲63.6%
3 profitable years in a row build equity to €303k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €185k ▲97.2%
2 profitable years in a row build equity to €185k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-27k ▼348%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijvisschestraat 199052 GentGround area
1,513 m²
Building footprint
386 m²
Volume, LiDAR
1,365 m³
Parcel 44082A0163/00S000, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PIRAH
since 20112.203.901.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082A0163/00S000 | Flanders | 1,513 m² | 1 · 386 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
OKAVANGO
BE 0536.235.992
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HANIMMO
BE 0678.640.506
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ADFIS
BE 0477.502.195
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HOOFT CONSULTING
BE 0473.419.089
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NOSEI
BE 0888.711.327
Gent · Eq €590k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 33,160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2011
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.