Financials
- Fiscal year
- 2025
- Total assets
- €8,860
- Loss
- -€1,735
- Solvency
- 1.1%
Total assets▼ 16.5%
Net result
20242025
PIROEH
ActiveSummary
The annual accounts of PIROEH for fiscal year 2025 show a net loss of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €97 and a net result of -€1,735. Its solvency ranks better than 17% of 2204 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Visual arts creation
NACE 90120NACE 90032
1 site
Size
€8,860total assets 2025
- Equity
- €97
- Loss
- -€1,735
Turnover not published (abridged schema)
Structure
Accounts 2 d early0 of 1 deed read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Equity €97 (1.1% of total assets)+ Sector Arts creation and performing arts activities (NACE 90)+ Size: total assets €8,860+ Liquidity: current ratio 0.90, cash €3,221Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 15% of its sector peers (NACE 90, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
26-16
equity 1.1% of total assets
Liquidity
45-10
short-term debt 98.9% · cash 36.4%
Profitability
0=
return on assets -19.6%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 5 months
06-2026: 0.1%
07-2026: 0.2%▲ +7.6% vs 06-2026highest value
08-2026: 0.1%▼ -9.7% vs 07-2026lowest value
09-2026: 0.1%● 0.0% vs 08-2026lowest value
10-2026: 0.1%● 0.0% vs 09-2026lowest value
- Sector Arts creation and performing arts activities (NACE 90) lowers the probability
- Size: total assets €8,860 lowers the probability for this profile
- Liquidity: current ratio 0.90, cash €3,221 lowers the probability
- Equity €97 (1.1% of total assets) raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.9 against 1.06 in 2024; short-term debt: 98.9% and cash: 36.4% of total assets), and 98.9% of the assets are financed with debt.
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 90, micro). Better than this share of them on solvency 17%, liquidity 29%, profitability 7%, growth against the median 5%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, 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
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 2204 sector peers (2025).
NBB · sector comparisonPosition among 2204 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Young company
Founded in 2023, 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 29-07-2026, 2 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
2 d early
2024
34 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 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2025
- Next accounts
- by 31-07-2027
- 29-07-2026Annual accounts filed
- 27-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Visual arts creationNACE 90120
- Founded
- 22-12-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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