Summary
PIRGUS Projects is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €21,462 and a net result of €7,426. Its solvency ranks better than 28% of 8211 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
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 19-05-2026, 73 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
73 d early
2024
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 59 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,462▲ 52.9%
2024 · €14,036
Net result
€7,426▼ 43.0%
2024 · €13,036
Total assets
€88,535▲ 158%
2024 · €34,273
Solvency
24.2%▼ 16.7pp
2024 · 41.0%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€18,673-€15,852▼ 15.1%
Net result€13,036within the sector's middle half-€7,426within the sector's middle half▼ 43.0%
Equity€14,036below the sector's middle half-€21,462below the sector's middle half▲ 52.9%
Total assets€34,273below the sector's middle half-€88,535below the sector's middle half▲ 158%
Debt€20,237-€67,073▲ 231%
Working capital€10,200within the sector's middle half--€10,469within the sector's middle half
Solvency41.0%within the sector's middle half-24.2%within the sector's middle half▼ 16.7pp
Current ratio2.14within the sector's middle half-0.65below the sector's middle half▼ 1.49
Return on assets (ROA)38.0%above the sector's middle half-8.4%within the sector's middle half▼ 29.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88,535
Fixed assets
€69,158 ▲ 358%
Current assets
€19,377 ▲ 1.0%
Equity and liabilities €88,535
Equity
€21,462 ▲ 52.9%
Debt
€67,073 ▲ 231%
Debt's share of the balance-sheet total rises from 59.0% to 75.8%. Equity and debt are higher.
Key figures and ratios
ROE
34.6%▼
2024 · 92.9%
Debt ≤ 1 year
€29,846▲
2024 · €8,982
Debt > 1 year
€37,227▲
2024 · €11,255
Income taxes
€2,886▼
2024 · €4,425
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €321 | €6,172 | ▲ 1,825% |
| Other operating charges640/8 | €1,082 | €206 | ▼ 81.0% |
| Gross operating margin9900 | €20,075 | €22,231 | ▲ 10.7% |
| Operating profit (loss)9901 | €18,673 | €15,852 | ▼ 15.1% |
| Financial income75/76B | €0 | €149 | ▲ 248,417% |
| Recurring financial income75 | €0 | €149 | ▲ 248,417% |
| Financial charges65/66B | €1,212 | €5,689 | ▲ 369% |
| Recurring financial charges65 | €1,212 | €5,689 | ▲ 369% |
| Profit (loss) for the period before taxes9903 | €17,461 | €10,313 | ▼ 40.9% |
| Income taxes67/77 | €4,425 | €2,886 | ▼ 34.8% |
| Profit (loss) for the period9904 | €13,036 | €7,426 | ▼ 43.0% |
| Profit (loss) for the period to be appropriated9905 | €13,036 | €7,426 | ▼ 43.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €34,273 | €88,535 | ▲ 158% |
| Fixed assets21/28 | €15,090 | €69,158 | ▲ 358% |
| Tangible fixed assets22/27 | €15,090 | €69,158 | ▲ 358% |
| Land and buildings22 | €13,966 | €58,430 | ▲ 318% |
| Plant, machinery and equipment23 | - | €3,338 | - |
| Furniture and vehicles24 | €1,124 | €7,389 | ▲ 557% |
| Current assets29/58 | €19,183 | €19,377 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €1,228 | €4,162 | ▲ 239% |
| Trade receivables40 | €115 | €0 | ▼ 100% |
| Other amounts receivable41 | €1,113 | €4,162 | ▲ 274% |
| Cash at bank and in hand54/58 | €17,911 | €15,198 | ▼ 15.1% |
| Deferred charges and accrued income490/1 | €43 | €17 | ▼ 61.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €34,273 | €88,535 | ▲ 158% |
| Equity10/15 | €14,036 | €21,462 | ▲ 52.9% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €13,036 | €20,462 | ▲ 57.0% |
| Distributable reserves133 | €13,036 | €20,462 | ▲ 57.0% |
| Amounts payable17/49 | €20,237 | €67,073 | ▲ 231% |
| Amounts payable after more than one year17 | €11,255 | €37,227 | ▲ 231% |
| Financial debts170/4 | €11,255 | €37,227 | ▲ 231% |
| Amounts payable within one year42/48 | €8,982 | €29,846 | ▲ 232% |
| Current portion of amounts payable after more than one year42 | - | €11,582 | - |
| Financial debts43 | €534 | €515 | ▼ 3.6% |
| Credit institutions430/8 | €534 | €515 | ▼ 3.6% |
| Trade debts44 | €3,751 | €5,263 | ▲ 40.3% |
| Suppliers440/4 | €3,751 | €5,263 | ▲ 40.3% |
| Taxes, remuneration and social security45 | €3,906 | €8,118 | ▲ 108% |
| Taxes450/3 | €2,289 | €8,118 | ▲ 255% |
| Remuneration and social security454/9 | €1,617 | €0 | ▼ 100% |
| Other amounts payable47/48 | €792 | €4,369 | ▲ 452% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €13,036 | €7,426 | ▼ 43.0% |
| + Depreciation and write-downs630 | €321 | €6,172 | ▲ 1,825% |
| Operating cash flow (approximation) | €13,356 | €13,599 | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | -€60,240 | - |
| Change in cash | - | -€2,713 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Peer · 1 establishment unit since 2024
Ground area
1,385 m²
Building footprint
270 m²
Volume, LiDAR
1,271 m³
2 parcels, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PIRGUS Projects
since 20242.356.121.882
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030A0456/00P000 | Flanders | 1,230 m² | 1 · 147 m² | 9.5 m · 1 fl. |
| 72030A0456/00M000 | Flanders | 155 m² | 1 · 123 m² | 9.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,721 companies in this sector we hold annual accounts for 19,804. 7,662 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded13-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:1005960670
Also
9925:BE1005960670
Registered
20-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.