PIRMATECH
ActivePIRMATECH has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €643k and a net result of €35k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 51% of 79 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+5
Solvency71▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.15 in 2024; short-term debt: 33.2% and cash: 1.9% of total assets), and 53.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.1%
Return on assets
2.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
27 d late
2023
68 d late
2022
31 d late
2021
9 d late
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€643k▲ 5.7%
2024 · €609k
2018: €603k
2019: €579k
2020: €601k
2021: €638k
2022: €554k
2023: €586k
2024: €609k
2018 → 2025
Total assets
€1.40M▼ 2.7%
2024 · €1.43M
2018: €1.84M
2019: €1.70M
2020: €1.69M
2021: €2.09M
2022: €2.20M
2023: €1.65M
2024: €1.43M
2018 → 2025
Net result
€35k▲ 51.1%
2024 · €23k
2018: €598
2019: €-24k
2020: €22k
2021: €37k
2022: €-84k
2023: €32k
2024: €23k
2018 → 2025
Working capital
€47k▼ 15.6%
2024 · €56k
2018: €233k
2019: €213k
2020: €295k
2021: €123k
2022: €-104k
2023: €-16k
2024: €56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€638k-€554k▼ 13.2%€586k▲ 5.8%€609k▲ 3.9%€643k▲ 5.7%
Operating result€67k-€-62k€66k€61k▼ 7.3%€57k▼ 6.6%
Net result€37k-€-84k€32k€23k▼ 29.1%€35k▲ 51.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.40M
Fixed assets
€885k▼ 11.4%
Current assets
€511k▲ 17.3%
Equity and liabilities €1.40M
Equity
€643k▲ 5.7%
Debt
€753k▼ 8.8%
The debt ratio falls from 57.6% to 53.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€204k▼
2024 · €210k
Cash flow
€182k▲
2024 · €172k
Solvency
46.1%▲
2024 · 42.4%
Current ratio
1.10▼
2024 · 1.15
Quick ratio
0.98▼
2024 · 1.03
Debt / equity
1.17▼
2024 · 1.36
ROE
5.4%▲
2024 · 3.8%
ROA
2.5%▲
2024 · 1.6%
Interest coverage
9.02▲
2024 · 5.54
Debt
€753k▼
2024 · €825k
Debt ≤ 1 year
€463k▲
2024 · €379k
Debt > 1 year
€289k▼
2024 · €446k
Staff costs
€443k▼
2024 · €522k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.43M€1.40M▼
Fixed assets21/28€999k€885k▼
Intangible fixed assets21€6k€7k▲
Tangible fixed assets22/27€993k€878k▼
Land and buildings22€529k€524k▼
Plant, machinery and equipment23€291k€259k▼
Furniture and vehicles24€30k€20k▼
Leasing and similar rights25€142k€75k▼
Current assets29/58€435k€511k▲
Stocks and contracts in progress3€46k€56k▲
Stocks30/36€28k€38k▲
Contracts in progress37€18k€18k▼
Amounts receivable within one year40/41€361k€418k▲
Trade receivables40€330k€384k▲
Other amounts receivable41€32k€34k▲
Cash at bank and in hand54/58€17k€26k▲
Deferred charges and accrued income490/1€11k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.40M▼
Equity10/15€609k€643k▲
Contributions10/11€50k€50k=
Revaluation surpluses12€664k€664k=
Reserves13€30k€30k=
Non-distributable reserves130/1€30k€30k=
Reserves not available under the articles1311€30k€30k=
Profit (loss) carried forward14€-135k€-100k▲
Amounts payable17/49€825k€753k▼
Amounts payable after more than one year17€446k€289k▼
Financial debts170/4€446k€289k▼
Amounts payable within one year42/48€379k€463k▲
Current portion of amounts payable after more than one year42€102k€83k▼
Trade debts44€84k€177k▲
Suppliers440/4€84k€177k▲
Advances received on contracts in progress46€3k€635▼
Taxes, remuneration and social security45€76k€89k▲
Taxes450/3€31k€47k▲
Remuneration and social security454/9€44k€41k▼
Other amounts payable47/48€115k€115k▼
Income statement
Code20242025
Remuneration, social security and pensions62€522k€443k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149k€147k▼
Other operating charges640/8€15k€16k▲
Operating charges capitalised as restructuring costs649€-1-
Gross operating margin9900€747k€664k▼
Operating profit (loss)9901€61k€57k▼
Financial income75/76B€167€45▼
Recurring financial income75€167€45▼
Financial charges65/66B€38k€23k▼
Recurring financial charges65€38k€23k▼
Profit (loss) for the period before taxes9903€23k€35k▲
Income taxes67/77€500-
Profit (loss) for the period9904€23k€35k▲
Profit (loss) for the period to be appropriated9905€23k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-135k€-100k▲
Profit (loss) brought forward from the previous period14P€-158k€-135k▲
Social balance
Average headcount (FTE)90878.37.2▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-84k ▼327%
Net result drops to €-84k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
31-12
Financial
Highest result since 2018net €37k ▲71%
Operating result €67k, net result €37k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 35 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ambachtenlaan 303001 LeuvenGround area
1,916 m²
Building footprint
817 m²
Volume, LiDAR
4,465 m³
Parcel 24514C0018/00Z000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PIRMATECH BVBA
since 19882.041.264.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0018/00Z000 | Flanders | 1,916 m² | 1 · 817 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 2,707 EUR awarded · 2,707 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 1,274 EUR | 1,274 EUR |
| 2023 | 1 | 287 EUR | 287 EUR |
| 2022 | 1 | 1,146 EUR | 1,146 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 94 companies in sector 29310 we hold annual accounts for 71. 51 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-1988
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28520
29310Manufacture of motor vehicles, trailers and semi-trailers
31610
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.