PIRON
ActiveSummary
PIRON has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.4m and a net result of €780,659. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 734 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650,000 at 30 days acceptable
Liquidity ample (current ratio 2.61 against 2.45 in 2023; short-term debt: 5.1% and cash: 2.5% of total assets), and 5.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.9%
Return on assets
8.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
69 d late
2022
60 d late
2021
61 d late
2020
54 d late
2019
115 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 70 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#4 oldest company in Herstal, Transport and storage sector#5 company by equity in Herstal, Transport and storage sector#8 company by total assets in Herstal, Transport and storage sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€780,659▲ 135%
2023 · €331,909
Working capital
€721,449▼ 30.9%
2023 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€337,243▲ 40.8%€649,721▲ 92.7%€471,406▼ 27.4%€464,145▼ 1.5%€976,838▲ 110%
Net result€897,024above the sector's middle half▼ 37.7%€1.1mabove the sector's middle half▲ 19.8%€869,949above the sector's middle half▼ 19.0%€331,909within the sector's middle half▼ 61.8%€780,659above the sector's middle half▲ 135%
Equity€5.4mwithin the sector's middle half▲ 19.2%€6.5mwithin the sector's middle half▲ 19.4%€7.3mwithin the sector's middle half▲ 13.1%€7.6mabove the sector's middle half▲ 4.2%€8.4mabove the sector's middle half▲ 9.9%
Total assets€7.1mwithin the sector's middle half▲ 0.1%€8.4mwithin the sector's middle half▲ 18.8%€8.8mwithin the sector's middle half▲ 4.5%€8.4mwithin the sector's middle half▼ 4.9%€8.8mwithin the sector's middle half▲ 5.3%
Debt€1.7m▼ 34.0%€2.0m▲ 16.7%€1.5m▼ 23.7%€762,370▼ 49.3%€448,723▼ 41.1%
Working capital-€954,283below the sector's middle half▲ 43.0%-€147,551below the sector's middle half▲ 84.5%€1.2mwithin the sector's middle half€1.0mwithin the sector's middle half▼ 11.6%€721,449within the sector's middle half▼ 30.9%
Solvency76.3%above the sector's middle half▲ 12.3pp76.7%above the sector's middle half▲ 0.4pp83.0%above the sector's middle half▲ 6.3pp90.9%above the sector's middle half▲ 8.0pp94.9%above the sector's middle half▲ 4.0pp
Current ratio0.22below the sector's middle half▲ 0.010.91within the sector's middle half▲ 0.701.88within the sector's middle half▲ 0.962.45above the sector's middle half▲ 0.582.61above the sector's middle half▲ 0.16
Return on assets (ROA)12.6%above the sector's middle half▼ 7.6pp12.7%above the sector's middle half▲ 0.1pp9.9%above the sector's middle half▼ 2.9pp4.0%within the sector's middle half▼ 5.9pp8.8%above the sector's middle half▲ 4.9pp
Staff (FTE)20.1within the sector's middle half▲ 6.9%6.3below the sector's middle half▼ 68.7%6below the sector's middle half▼ 4.8%6below the sector's middle half=5.5below the sector's middle half▼ 8.3%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 110% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.8m
Fixed assets
€7.7m ▲ 15.6%
Current assets
€1.2m ▼ 33.6%
Equity and liabilities €8.8m
Equity
€8.4m ▲ 9.9%
Debt
€448,723 ▼ 41.1%
Debt's share of the balance-sheet total falls from 9.1% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.4m▲
2023 · €896,412
Cash flow
€1.2m▲
2023 · €764,176
Quick ratio
0.81▼
2023 · 1.33
Debt to equity
0.05▼
2023 · 0.10
ROE
9.3%▲
2023 · 4.3%
Interest coverage
107.69▲
2023 · 29.19
Debt ≤ 1 year
€448,723▼
2023 · €718,990
Income taxes
€205,386▲
2023 · €123,583
Staff costs
€227,915▲
2023 · €220,065
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €134,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €212,979 | €214,481 | €220,065 | €227,915 | ▲ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €442,876 | €445,720 | €441,022 | €432,267 | €406,631 | ▼ 5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €44,000 | €10,000 | €26,500 | €500 | ▼ 98.1% |
| Other operating charges640/8 | - | €141,428 | €149,899 | €238,256 | €200,494 | ▼ 15.8% |
| Non-recurring operating charges66A | - | - | - | €243,156 | - | - |
| Gross operating margin9900 | €1.6m | €1.5m | €1.3m | €1.6m | €1.8m | ▲ 11.6% |
| Operating profit (loss)9901 | €337,243 | €649,721 | €471,406 | €464,145 | €976,838 | ▲ 110% |
| Financial income75/76B | - | €603,933 | €567,053 | €22,053 | €22,053 | = |
| Recurring financial income75 | - | €603,933 | €567,053 | €22,053 | €22,053 | = |
| Non-recurring financial income76B | - | €603,933 | €567,053 | - | - | - |
| Financial charges65/66B | - | €27,234 | €47,258 | €30,707 | €12,846 | ▼ 58.2% |
| Recurring financial charges65 | €26,301 | €27,234 | €47,258 | €30,707 | €12,846 | ▼ 58.2% |
| Profit (loss) for the period before taxes9903 | €983,473 | €1.2m | €991,202 | €455,492 | €986,045 | ▲ 116% |
| Income taxes67/77 | €86,449 | €152,206 | €121,253 | €123,583 | €205,386 | ▲ 66.2% |
| Profit (loss) for the period9904 | €897,024 | €1.1m | €869,949 | €331,909 | €780,659 | ▲ 135% |
| Transfer from tax-exempt reserves789 | - | €13,497 | €13,771 | €16,671 | €15,744 | ▼ 5.6% |
| Transfer to tax-exempt reserves689 | - | - | €89,576 | - | €469,581 | - |
| Profit (loss) for the period to be appropriated9905 | €901,957 | €1.1m | €794,144 | €348,580 | €326,823 | ▼ 6.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.1m | €8.4m | €8.8m | €8.4m | €8.8m | ▲ 5.3% |
| Fixed assets21/28 | €6.8m | €6.9m | €6.3m | €6.6m | €7.7m | ▲ 15.6% |
| Tangible fixed assets22/27 | €4.2m | €4.3m | €4.0m | €4.4m | €5.4m | ▲ 23.8% |
| Land and buildings22 | - | €4.1m | €3.9m | €4.2m | €5.3m | ▲ 25.7% |
| Plant, machinery and equipment23 | - | €16,550 | €29,693 | €53,948 | €32,077 | ▼ 40.5% |
| Furniture and vehicles24 | - | €54,822 | €47,727 | €45,492 | €24,941 | ▼ 45.2% |
| Leasing and similar rights25 | - | €10,160 | €5,080 | - | - | - |
| Other tangible fixed assets26 | - | €68,173 | €57,946 | €47,719 | €43,989 | ▼ 7.8% |
| Financial fixed assets28 | €2.7m | €2.6m | €2.3m | €2.3m | €2.3m | = |
| Current assets29/58 | €265,615 | €1.6m | €2.5m | €1.8m | €1.2m | ▼ 33.6% |
| Stocks and contracts in progress3 | - | €245,004 | €808,000 | €808,000 | €808,000 | = |
| Stocks30/36 | - | €245,004 | €808,000 | €808,000 | €808,000 | = |
| Amounts receivable within one year40/41 | €172,359 | €627,855 | €1.5m | €808,575 | €134,254 | ▼ 83.4% |
| Trade receivables40 | - | €177,084 | €109,367 | €213,817 | €95,272 | ▼ 55.4% |
| Other amounts receivable41 | - | €450,772 | €1.4m | €594,758 | €38,982 | ▼ 93.4% |
| Current investments50/53 | €74,817 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €708,032 | €235,942 | €146,136 | €219,538 | ▲ 50.2% |
| Deferred charges and accrued income490/1 | - | €690 | €7,547 | - | €8,380 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.1m | €8.4m | €8.8m | €8.4m | €8.8m | ▲ 5.3% |
| Equity10/15 | €5.4m | €6.5m | €7.3m | €7.6m | €8.4m | ▲ 9.9% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €5.2m | €6.3m | €7.1m | €7.5m | €8.3m | ▲ 10.7% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | €67,626 | €143,431 | €126,760 | €580,597 | ▲ 358% |
| Distributable reserves133 | - | €6.2m | €7.0m | €7.4m | €7.7m | ▲ 4.8% |
| Profit (loss) carried forward14 | €50,951 | €38,663 | €32,807 | €31,387 | €8,210 | ▼ 73.8% |
| Investment grants15 | - | €103,517 | €81,464 | €59,410 | €37,357 | ▼ 37.1% |
| Amounts payable17/49 | €1.7m | €2.0m | €1.5m | €762,370 | €448,723 | ▼ 41.1% |
| Amounts payable after more than one year17 | €461,582 | €230,088 | €113,207 | €18,130 | - | - |
| Financial debts170/4 | - | €230,088 | €113,207 | €18,130 | - | - |
| Amounts payable within one year42/48 | €1.2m | €1.7m | €1.3m | €718,990 | €448,723 | ▼ 37.6% |
| Current portion of amounts payable after more than one year42 | - | €247,929 | €116,881 | €92,538 | €8,560 | ▼ 90.8% |
| Trade debts44 | €386,210 | €353,188 | €245,363 | €523,119 | €258,505 | ▼ 50.6% |
| Suppliers440/4 | - | €353,188 | €245,363 | €523,119 | €258,505 | ▼ 50.6% |
| Taxes, remuneration and social security45 | - | €90,643 | €88,557 | €38,397 | €50,518 | ▲ 31.6% |
| Taxes450/3 | - | €54,886 | €53,065 | - | €11,012 | - |
| Remuneration and social security454/9 | - | €35,757 | €35,492 | €38,397 | €39,507 | ▲ 2.9% |
| Other amounts payable47/48 | - | €1.0m | €897,581 | €64,936 | €131,141 | ▲ 102% |
| Accrued charges and deferred income492/3 | - | €12,850 | €42,747 | €25,250 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €897,024 | €1.1m | €869,949 | €331,909 | €780,659 | ▲ 135% |
| + Depreciation and write-downs630 | €442,876 | €445,720 | €441,022 | €432,267 | €406,631 | ▼ 5.9% |
| Operating cash flow (approximation) | €1.3m | €1.5m | €1.3m | €764,176 | €1.2m | ▲ 55.4% |
| Investment in fixed assets (approximation) | - | -€464,507 | €126,835 | -€767,045 | -€1.4m | ▼ 88.3% |
| Change in cash | - | - | -€472,089 | -€89,807 | €73,402 | ▲ 182% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 69 days late
2023
31-12
Financial
Weakest financial yearnet €331,909 ▼61.8%
Net result drops to €331,909, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.88
Current ratio from 0.91 to 1.88; short-term debt falls from €1.7m to €1.3m.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 54 days late
2020
31-12
Financial
Equity above €5mEq €5.4m ▲19.2%
3 profitable years in a row build equity to €5.4m.
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 115 days late
2019
31-12
Financial
Highest result since 2018net €1.4m ▲21.2%
Net result €1.4m, the highest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 55 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 53 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Herstal · 1 establishment unit since 1978
Ground area
6,392 m²
Building footprint
1,244 m²
Volume, LiDAR
8,509 m³
Parcel 62312A0478/00W000, Wallonia · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue de l'Abbaye 1-3, 4040 Herstal
since 19782.014.652.287
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312A0478/00W000 | Wallonia | 6,391 m² | 1 · 1,244 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
99.94%
According to the 2024 annual accounts of PIRON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,031 companies in sector 52100 we hold annual accounts for 769. 327 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1978
Fiscal year end31-12
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
52100Warehousing and storage
43222Installation of electric heating, air conditioning, cooling and ventilation
46180Agents specialised in the wholesale of other particular products
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46831Wholesale of construction materials, general range
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418069901
Also
9925:BE0418069901
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.