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PIRANHA-RACING

Active Private limited companyfounded 1995active for 31 yearsKanaalweg 83, 3980 Tessenderlo-HamKBO/BCE: BE 0454.959.989 subsidiary of D&S MANAGEMENT & SERVICES

Lifetime

21 annual accounts with figures on one time axis, 31 filings since 1995
peak €394,639 (2021)
€224,101▼ 6.2%
lowest -€23,712 (2011)
-€13,681▼ €58,843
peak €632,237 (2018)
€502,492▼ 2.7%
€579,671▼ 6.7%
peak 5.6 FTE (2008)
4 FTE▲ 11.1%
Board3 names since 2022
Owners
Documentsfilings and deeds
30-01-202690 days before the deadline
2025abbreviated format
Loss of €13,681Staff from 3.6 FTE to 4 FTECash from €260,997 to €117,525

Key points

from the 2025 annual accounts

Result

-€13,681 -€13,681
€45,2002024-€13,7002025

From profit to loss in 2025, after a profit of €45,162 in 2024.

Turnover

≈ €1.1m estimated

The abbreviated format states no turnover.

Investments

€14,388 1.7 × depreciation
202320242025

Green is investment, beige is depreciation. Machinery stands 54.9% higher than in 2024.

Staff

5 employees on 30-09-2025
122022202024222025

In 2025, 2 people joined and 2 left.

Filings

31 annual accounts since 1995
deadline200020102020

The 2016 accounts came 29 days late. The other nine of the last ten were filed on time.

Position in the sector

-€13,681

Lower net result than 82% of companies in wholesale trade. Sector median €26,728 · 9,878 companies.

Checked score

86
Excellent
Financially stronger than 37% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.2%▲ +0.1 percentage points vs 02-2026highest value 04-2026: 0.2%● unchanged vs 03-2026highest value 05-2026: 0.2%● unchanged vs 04-2026highest value 06-2026: 0.2%● unchanged vs 05-2026highest value 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value

Financial strength
Average

71+1equity 46.4% of total assets
37-15short-term debt 52.9% · cash 10.9%
26-23return on assets -1.3%

Score breakdown

raises risk
Loss of €13,681 (financial year 2025)
lowers risk
Founded in 1995
Equity €502,492 (46.4% of total assets)
Size: 4 FTE, total assets €1.1m
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 54% of them on solvency, 34% on liquidity, 24% on profitability and 35% on growth.

The bankruptcy probability was computed on 07-11-2026 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.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 12,322 companies had the same profile as PIRANHA-RACING has now. Each dot stands for 31 companies, two years later.

90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.5% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of PIRANHA-RACING itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 12,322 companies, not a prediction for PIRANHA-RACING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €40,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.8 (1.8 in 2024), above the usual 1.5. Short-term debt is 52.9% and cash 10.9% of total assets. However, 53.6% of the assets are financed with debt and provisions.

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

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1995
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Loss of €13,681 (financial year 2025)
NBB · annual accounts
lowers risk · Equity €502,492 (46.4% of total assets)
NBB · annual accounts
lowers risk · Size: 4 FTE, total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2025
90 days early
2024
75 days early
2023
82 days early
2022
55 days early
2021
51 days early
2020
3 days early
2019
35 days early
← 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 56 days before 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 14 February (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end08-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BD
Director, Dries Bollen, since 09-05-2022
BV
Auditor, Amerik JANSEN
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0454959989
Registered office moved from Beringen to Tessenderlo New registered office: Kanaalweg 83 te 3980 TESSENDERLO · Previous registered office: Bieweg 34 te 3582 BERINGEN · Resignation: Alex Schepers (director) · General meeting of 09-05-2022 · Gazette deed
Demerger: PIRANHA-RACING splits off to MJNRENTAL Founding capital of €135,842.01 · Change of role: SCHEPERS, Alex Emiel, from manager to director · “De in- en uitvoer, de aan- en verkoop zo in groot- als in kleinhandel van alle watersportartikelen, zoals…” (deed in Dutch) · 2,084 shares · General meeting of 26-04-2022 · Gazette deed
Demerger proposal: BV PIRANHA-RACING splits off to BV MJN RENTAL Appointment: BV VAN HAVERMAET BEDRIJFSREVISOREN (verslag inbreng in natura) · “De in- en uitvoer, de aan- en verkoop zo in groot- als in kleinhandel van alle watersportamtikelen, zoals…” (deed in Dutch) · Capital of €93,357.01, 2,084 shares · Board meeting of 08-03-2022 · Gazette deed
All 42 events

Comparable companies

same main activity, similar in size and age
Company
PIRANHA-RACING Tessenderlo-Ham €1.1m €224,101 46.4% 4
FULLTIME SPORT Ghent €1.0m €196,905 75.1% 3.3
MELOSPORT Zonhoven €0.9m €203,298 44.7% 2.6
LIFE FITNESS BENELUX Brussels €0.9m €299,856 91.3% 4.2
VERCOVAN Spiere-Helkijn €1.3m €381,571 91.7% 4.3
MMRJ INVEST Awans €1.1m €359,707 67.9% 5.6
OLYMPIC SPORTSWEAR Gingelom €0.7m €371,632 74.1% 5.3

These companies have the same main activity as PIRANHA-RACING: wholesale trade (NACE 46496). They are comparable in size and age: total assets between €708,000 and €1.3m, founded between 1989 and 2000.

Official details

Source: KBO
Status
Active since 31-03-1995Normal situation
Activity
Wholesale tradeNACE 46496and 5 others
Establishment unit
2.071.921.0873980 Tessenderlo-Ham, since 12-06-1995
Financial year end
30 September
Peppol
Reachable since 21-10-2026
Company details

Annual accounts to 30-09-2025

€1.1m▼ 4.9%
Employeeson 30-09-2025
5=
Filing
Filed on 30-01-2026, 90 days before the end of the filing period
Financials

Insights on PIRANHA-RACING

PIRANHA-RACING files the abbreviated format. That format states no turnover. The gross margin rose from €146,251 in 2005 to €224,101 in 2025.

D&S MANAGEMENT & SERVICES holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about PIRANHA-RACING

What is the company number of PIRANHA-RACING?
The company number of PIRANHA-RACING is 0454.959.989. The VAT number is the same number with BE in front: BE 0454.959.989.
Where is PIRANHA-RACING based?
The registered office is at Kanaalweg 83, 3980 Tessenderlo-Ham.Company details
What does PIRANHA-RACING do?
According to the KBO register, the main activity is wholesale trade (NACE 46496).
What is the legal form of PIRANHA-RACING?
PIRANHA-RACING is a private limited company (BV).
When was PIRANHA-RACING founded?
PIRANHA-RACING was founded on 31-03-1995.
Is PIRANHA-RACING still active?
Yes, PIRANHA-RACING is an active enterprise in the KBO register.
How many employees does PIRANHA-RACING have?
PIRANHA-RACING had an average of 4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PIRANHA-RACING?
The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €224,101 and 102 comparable companies (NACE 46). It probably lies between €570,000 and €2.1m.
Is PIRANHA-RACING profitable?
In financial year 2025, PIRANHA-RACING made a loss of €13,681.
Where can I find the annual accounts of PIRANHA-RACING?
PIRANHA-RACING filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PIRANHA-RACING due?
PIRANHA-RACING must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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