PIRANHA-RACING
ActiveSummary
PIRANHA-RACING has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €502k and a net result of €-14k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 52% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-23
Solvency71▲+1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.8 in 2024; short-term debt: 52.9% and cash: 10.9% of total assets), but 53.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-01-2026, 90 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
90 d early
2024
75 d early
2023
82 d early
2022
55 d early
2021
51 d early
2020
3 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€502k▼ 2.7%
2024 · €516k
2018: €632k
2019: €451k
2020: €510k
2021: €626k
2022: €486k
2023: €501k
2024: €516k
2018 → 2025
Total assets
€1.08M▼ 4.9%
2024 · €1.14M
2018: €1.25M
2019: €1.26M
2020: €1.18M
2021: €1.52M
2022: €1.64M
2023: €1.63M
2024: €1.14M
2018 → 2025
Net result
€-14k
2024 · €45k
2018: €42k
2019: €62k
2020: €59k
2021: €116k
2022: €78k
2023: €131k
2024: €45k
2018 → 2025
Working capital
€458k▼ 5.8%
2024 · €486k
2018: €329k
2019: €317k
2020: €344k
2021: €463k
2022: €471k
2023: €480k
2024: €486k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€626k-€486k▼ 22.3%€501k▲ 3.1%€516k▲ 3.0%€502k▼ 2.7%
Operating result€167k-€89k▼ 46.7%€166k▲ 86.8%€85k▼ 48.7%€9k▼ 89.9%
Net result€116k-€78k▼ 32.5%€131k▲ 68.1%€45k▼ 65.6%€-14k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 90% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€52k ▲ 13.0%
Current assets
€1.03M ▼ 5.6%
Equity and liabilities €1.08M
Equity
€502k ▼ 2.7%
Debt
€580k ▼ 6.7%
Debt's share of the balance-sheet total falls from 54.6% to 53.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €95k
Cash flow
€-5k▼
2024 · €55k
Current ratio
1.80▼
2024 · 1.80
Quick ratio
0.32▼
2024 · 0.54
Debt to equity
1.15▼
2024 · 1.20
ROE
-2.7%▼
2024 · 8.7%
ROA
-1.3%▼
2024 · 4.0%
Interest coverage
1.05▼
2024 · 3.01
Debt ≤ 1 year
€572k▼
2024 · €606k
Debt > 1 year
€6k▼
2024 · €15k
Income taxes
€164▼
2024 · €6k
Staff costs
€202k▲
2024 · €172k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.14M€1.08M▼
Fixed assets21/28€46k€52k▲
Tangible fixed assets22/27€36k€42k▲
Plant, machinery and equipment23€11k€17k▲
Furniture and vehicles24€24k€24k▼
Financial fixed assets28€10k€10k=
Current assets29/58€1.09M€1.03M▼
Stocks and contracts in progress3€766k€850k▲
Stocks30/36€766k€850k▲
Amounts receivable within one year40/41€54k€55k▲
Trade receivables40€53k€48k▼
Other amounts receivable41€500€7k▲
Cash at bank and in hand54/58€261k€118k▼
Deferred charges and accrued income490/1€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.08M▼
Equity10/15€516k€502k▼
Contributions10/11€73k€73k=
Reserves13€443k€429k▼
Tax-exempt reserves132€26k€26k=
Distributable reserves133€417k€403k▼
Amounts payable17/49€621k€580k▼
Amounts payable after more than one year17€15k€6k▼
Financial debts170/4€15k€6k▼
Amounts payable within one year42/48€606k€572k▼
Current portion of amounts payable after more than one year42€11k€8k▼
Trade debts44€390k€421k▲
Suppliers440/4€390k€421k▲
Taxes, remuneration and social security45€58k€58k▼
Taxes450/3€38k€22k▼
Remuneration and social security454/9€20k€36k▲
Other amounts payable47/48€146k€85k▼
Accrued charges and deferred income492/3€720€748▲
Income statement
Code20242025
Remuneration, social security and pensions62€172k€202k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€8k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-32k-
Other operating charges640/8€4k€5k▲
Gross operating margin9900€239k€224k▼
Operating profit (loss)9901€85k€9k▼
Financial income75/76B€160€186▲
Recurring financial income75€160€186▲
Financial charges65/66B€35k€22k▼
Recurring financial charges65€32k€16k▼
Non-recurring financial charges66B€3k€6k▲
Profit (loss) for the period before taxes9903€51k€-14k▼
Income taxes67/77€6k€164▼
Profit (loss) for the period9904€45k€-14k▼
Profit (loss) for the period to be appropriated9905€45k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€-14k▼
Transfer from equity791/2-€14k
Transfer to equity691/2€15k-
To other reserves6921€15k-
Profit to be distributed694/7€30k-
Directors or managers695€30k-
Social balance
Average headcount (FTE)90873.64.0▲
The notes to these accounts (9 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-14k ▼130%
Net result drops to €-14k, the lowest in the series.
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €131k ▲68.1%
Net result €131k, the highest in the series.
30-09
Financial
Equity above €500kEq €501k ▲3.1%
6 profitable years in a row build equity to €501k.
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €500kEq €510k ▲13%
3 profitable years in a row build equity to €510k.
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are 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, Tessenderlo-Ham · 1 establishment unit since 1995
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.
Kanaalweg 833980 Tessenderlo-HamGround area
2,302 m²
Building footprint
2,438 m²
Volume, LiDAR
14,533 m³
Parcel 71362B1449/00R002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PIRANHA RACING
since 19952.071.921.087
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71362B1449/00R002 | Flanders | 2,302 m² | 1 · 2,438 m² | 8.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 180 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 180 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 584 companies in sector 46496 we hold annual accounts for 384. 279 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-1995
Fiscal year end30-09
Activities, NACEBEL 2025
46496Wholesale trade
47639Retail sale of other sporting goods
33150Repair, maintenance and installation of machinery and equipment
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47830Retail sale of motorcycles and motorcycle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.