The last five annual accounts were filed 32 to 58 days before the end of the period.
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 26,969 companies had the same profile as PIRATE PROJECTS has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Micro
5 to 10 years old
solvency 30% or more
a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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
2.9%
3.1%
10
5.6%
6.1%
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 26,969 companies, not a prediction for PIRATE PROJECTS. 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 verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0740892334
Registered office moved within Turnhout
New registered office: Smiskensstraat 27, 2300 Turnhout · Previous registered office: Harmoniestraat 41 bus 2, 2300 Turnhout · General meeting of 05-02-2022 · Gazette deed
Incorporation
Founding capital of €5,000, 50 shares · Founder: Name after signing inVisible after signing in (comparant) · Appointment: Name hiddenVisible after signing in (director) · published on 10-01-2020 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as PIRATE PROJECTS: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €77,600 and €114,000, founded between 2017 and 2020.
The company number of PIRATE PROJECTS is 0740.892.334. The VAT number is the same number with BE in front: BE 0740.892.334.
Where is PIRATE PROJECTS based?
The registered office is at Smiskensstraat 27, 2300 Turnhout.Company details
What does PIRATE PROJECTS do?
According to the KBO register, the main activity is specialised image, lighting and sound technical services (NACE 90393).
What is the legal form of PIRATE PROJECTS?
PIRATE PROJECTS is a private limited company (BV).
When was PIRATE PROJECTS founded?
PIRATE PROJECTS was founded on 08-01-2020.
Is PIRATE PROJECTS still active?
Yes, PIRATE PROJECTS is an active enterprise in the KBO register.
What is the turnover of PIRATE PROJECTS?
The turnover in financial year 2025 is ≈ €86,000. This figure is estimated from the gross margin of €30,180 and 35 comparable companies (NACE 90). It probably lies between €50,000 and €140,000.Financials
Is PIRATE PROJECTS profitable?
In financial year 2025, PIRATE PROJECTS made a profit of €11,186.
Where can I find the annual accounts of PIRATE PROJECTS?
PIRATE PROJECTS filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PIRATE PROJECTS due?
PIRATE PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline