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PIRITEX

Active
Private limited companyfounded 1992active for 33 yearsPolostraat 35, 2660 Antwerpen, BelgiumKBO/BCE: BE 0448.626.978
Summary

PIRITEX has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.2m and a net result of €424,477. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 68% of 6,487 sector peers (NACE 47, financial year 2024). The computed 12-month bankruptcy probability is 1.5% (low).

Overview

Activity
Other non-specialised retail sale
NACE 47120Retail trade NACE 47530
5 sites
Size
€22.9mturnover 2024
Staff
45.3 FTE
Equity
€4.2m
Profit
€424,477
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Accounts 77 days overdue0 of 11 deeds read
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 15-12-2025)Liquidity: current ratio 1.95, cash €235,1311 financial year not filed after the legal deadline; latest accounts 137 days late; 3 of the last 3 latelowers riskFounded in 1992Show the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 54% of its sector peers (NACE 47, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 75-9
equity 49.7% of total assets
Liquidity 31-2
short-term debt 46.0% · cash 2.8%
Profitability 61-7
return on assets 5.0%
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,691 companies, NACE 47, small)
Last 24 months 11-2024: 2.1%highest value 12-2024: 0.4%▼ -1.7 percentage points vs 11-2024lowest value 01-2025: 0.4%● unchanged vs 12-2024lowest value 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.2 percentage points vs 07-2025 09-2025: 0.8%▲ +0.1 percentage points vs 08-2025 10-2025: 1.1%▲ +0.3 percentage points vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.5%▲ +0.4 percentage points vs 11-2025 01-2026: 0.6%▼ -0.9 percentage points vs 12-2025 02-2026: 0.5%▼ -0.1 percentage points vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.6%▲ +0.1 percentage points vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.3 percentage points vs 07-2026 09-2026: 1.0%▲ +0.1 percentage points vs 08-2026 10-2026: 1.5%▲ +0.5 percentage points vs 09-2026
Credit of up to €230,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 1.95, compared with 2.13 in 2023, above the usual 1.5; short-term debt: 46% and cash: 2.8% of total assets), but 50.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, small): better than 71% on solvency, 31% on liquidity, 43% on profitability and 71% on growth.

The bankruptcy probability was computed on 15-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 15-12-2025)
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.95, cash €235,131
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 137 days late; 3 of the last 3 late
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 77 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline16-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-12-2025, 137 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
137 days late
2023
121 days late
2022
119 days late
2021
76 days late
2020
164 days late
2019
107 days 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 121 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Annual accounts filedfinancial year 2023 · full…
  3. Highest result from 2018 to 2024net €657,217 ▲158%

Key points

  • Positive: 6 years of growth in a rowturnover 2024: €22.9m 6 years View
  • Positive: Among the best 8% on equitysector median €303,592 · 6,489 companies €4.2m View
  • Caution: Accounts not fileddeadline was 31-07-2026 77 days late View
  • Caution: Result fell in 2024from €657,217 to €424,477 ▼ 35.4% View

By topic

Financials

Financial year
2024
Turnover
€22.9m
Profit
€424,477
Solvency
49.7%
Turnover▲ 8.6%
Net result
20182024
Go to Financials

Timeline

Events
34
Since
1994
  1. 27-11-2023Annual accounts filed
  2. 15-10-2022Annual accounts filed
  3. 11-01-2022Annual accounts filed
Go to Timeline

Company details

Sites
5
Legal form
Private limited company
Activity
Other non-specialised retail saleNACE 47120
Founded
10-11-1992
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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