Financials
- Fiscal year
- 2025
- Total assets
- €1.3m
- Loss
- -€36,601
- Solvency
- -9.6%
Total assets▲ 43.3%
Net result
20202025
PIREBO
ActiveSummary
PIREBO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€120,942) and a net result of -€36,601. Equity is shrinking by ~41.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Development of non-residential building projects
NACE 68122NACE 41102
How big
€1.3mtotal assets 2025
- Equity
- -€120,942
- Loss
- -€36,601
Turnover not published (abridged schema)
Who decides
- Parent
- COBEL · 100%
Accounts filed 17 d late0 of 1 deed read
Why 53Capped at 59: negative equity- Negative equity -€120,942- No establishment unit in the KBO+ Size: total assets €1.3m+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 18% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
15=
equity -9.6% of total assets
Liquidity
23+20
short-term debt 109.6% · cash 18.1%
Profitability
30+17
return on assets -2.9%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Negative equity -€120,942 raises the probability
- Size: total assets €1.3m lowers the probability for this profile
- Sector Real estate activities (NACE 68) lowers the probability
- No establishment unit in the KBO raises the probability
No credit on open account
Liquidity short (current ratio 0.91 against 0.91 in 2024; short-term debt: 109.6% and cash: 18.1% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 13%, liquidity 18%, profitability 26%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€120,942
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
17 d late
2024
31 d late
2023
27 d late
2022
21 d early
2021
24 d early
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 17 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Board & ownership
- Parent
- COBEL · 100%
Timeline
- Events
- 9
- Since
- 2021
- Next accounts
- by 31-07-2027
- 17-08-2026Annual accounts filed
- 31-08-2025Annual accounts filed
- 27-08-2024Annual accounts filed
Company details
- Legal form
- Private limited company
- Activity
- Development of non-residential building projectsNACE 68122
- Founded
- 05-09-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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