Piros
ActiveSummary
Piros has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of -€185,002. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 1453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-48
Solvency61▲+18
Growth59▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.22 in 2024; short-term debt: 63.5% and cash: 2.4% of total assets), but 63.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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 2025Solvency, return and age of the figures
Solvency
36.5%
Return on assets
-3.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 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 · 8 filingsDeviation from the deadline
2025
33 d late
2024
22 d late
2023
26 d late
2022
9 d late
2021
26 d late
2020
6 d late
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Nuclys · 450 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 fastest grower in Kortenberg#1 company by total assets in Kortenberg, Telecoms and IT sector#1 company by equity in Kortenberg, Telecoms and IT sector
Turnover
€10.0m▼ 41.0%
2024 · €17.0m
EBIT margin
-1.6%▼ 5.5pp
2024 · 3.9%
Net result
-€185,002
2024 · €465,916
Working capital
€1.7m▼ 11.4%
2024 · €1.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20212022202320242025
Turnover€5.3m▲ 19.3%€7.8m▲ 48.2%€10.3m▲ 31.8%€17.0m▲ 65.5%€10.0m▼ 41.0%
Operating result€496,796▼ 10.5%€733,587▲ 47.7%€355,610▼ 51.5%€664,914▲ 87.0%-€163,124
Net result€362,635above the sector's middle half▼ 11.2%€542,985above the sector's middle half▲ 49.7%€239,391above the sector's middle half▼ 55.9%€465,916above the sector's middle half▲ 94.6%-€185,002below the sector's middle half
EBIT margin9.4%▼ 3.1pp9.4%=3.5%▼ 5.9pp3.9%▲ 0.4pp-1.6%▼ 5.5pp
Equity€1.0mabove the sector's middle half▲ 15.3%€1.3mabove the sector's middle half▲ 29.3%€1.4mabove the sector's middle half▲ 10.8%€1.9mabove the sector's middle half▲ 32.5%€1.7mabove the sector's middle half▼ 9.7%
Total assets€3.1mabove the sector's middle half▲ 59.2%€4.9mabove the sector's middle half▲ 54.4%€6.6mabove the sector's middle half▲ 35.3%€10.4mabove the sector's middle half▲ 58.7%€4.7mabove the sector's middle half▼ 54.9%
Debt€2.1m▲ 93.8%€3.6m▲ 66.1%€5.1m▲ 44.2%€8.5m▲ 66.0%€3.0m▼ 65.0%
Working capital€992,283above the sector's middle half▲ 15.0%€1.3mabove the sector's middle half▲ 27.9%€1.4mabove the sector's middle half▲ 10.3%€1.9mabove the sector's middle half▲ 33.7%€1.7mabove the sector's middle half▼ 11.4%
Solvency31.8%within the sector's middle half▼ 12.1pp26.7%within the sector's middle half▼ 5.2pp21.8%within the sector's middle half▼ 4.8pp18.2%within the sector's middle half▼ 3.6pp36.5%within the sector's middle half▲ 18.2pp
Current ratio1.46within the sector's middle half▼ 0.321.36within the sector's middle half▼ 0.111.27within the sector's middle half▼ 0.081.22within the sector's middle half▼ 0.051.55within the sector's middle half▲ 0.34
Return on assets (ROA)11.5%within the sector's middle half▼ 9.1pp11.2%within the sector's middle half▼ 0.3pp3.6%within the sector's middle half▼ 7.5pp4.5%within the sector's middle half▲ 0.8pp-3.9%within the sector's middle half▼ 8.4pp
Staff (FTE)8.5within the sector's middle half▲ 113%11.4within the sector's middle half▲ 34.1%13.9above the sector's middle half▲ 21.9%18.8within the sector's middle half▲ 35.3%21.4within the sector's middle half▲ 13.8%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Turnover +65%, Net result +95% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €163,124 after €664,914 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€57,118 ▲ 53.3%
Current assets
€4.6m ▼ 55.3%
Equity and liabilities €4.7m
Equity
€1.7m ▼ 9.7%
Debt
€3.0m ▼ 65.0%
Debt's share of the balance-sheet total falls from 81.8% to 63.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€135,717▼
2024 · €681,773
Cash flow
-€157,595▼
2024 · €482,775
Debt to equity
1.74▼
2024 · 4.49
ROE
-10.8%▼
2024 · 24.5%
Interest coverage
-3.49▼
2024 · 24.95
Debt ≤ 1 year
€3.0m▼
2024 · €8.5m
Income taxes
€3,390▼
2024 · €172,807
Staff costs
€1.5m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
1.5%
went bankrupt
5.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 928 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €17.2m | - | - |
| Turnover70 | €5.3m | €7.8m | €10.3m | €17.0m | €10.0m | ▼ 41.0% |
| Other operating income74 | - | - | - | €152,040 | - | - |
| Non-recurring operating income76A | - | €252 | - | €80 | €244 | ▲ 205% |
| Operating charges60/66A | - | - | - | €16.5m | - | - |
| Goods, raw materials, services and sundry goods60/61 | €4.4m | €6.6m | €9.3m | - | €8.9m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €14.4m | - | - |
| Purchases600/8 | - | - | - | €14.4m | - | - |
| Services and other goods61 | - | - | - | €908,537 | - | - |
| Remuneration, social security and pensions62 | €546,637 | €767,320 | €905,307 | €1.2m | €1.5m | ▲ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,890 | €6,778 | €13,741 | €16,858 | €27,406 | ▲ 62.6% |
| Other operating charges640/8 | €2,674 | €3,312 | €5,606 | €8,417 | €7,424 | ▼ 11.8% |
| Non-recurring operating charges66A | - | €370 | - | - | - | - |
| Gross operating margin9900 | €1.0m | €1.5m | €1.3m | - | €1.3m | - |
| Operating profit (loss)9901 | €496,796 | €733,587 | €355,610 | €664,914 | -€163,124 | ▼ 125% |
| Financial income75/76B | €1,131 | €3,293 | €5,588 | €5,434 | €20,365 | ▲ 275% |
| Recurring financial income75 | €1,131 | €3,293 | €5,588 | €5,434 | €20,365 | ▲ 275% |
| Income from current assets751 | - | - | - | €3,196 | - | - |
| Other financial income752/9 | - | - | - | €2,238 | - | - |
| Financial charges65/66B | €5,165 | €8,423 | €10,245 | €31,625 | €38,854 | ▲ 22.9% |
| Recurring financial charges65 | €5,165 | €8,423 | €10,245 | €31,625 | €38,854 | ▲ 22.9% |
| Debt charges650 | - | - | - | €27,322 | - | - |
| Other financial charges652/9 | - | - | - | €4,304 | - | - |
| Profit (loss) for the period before taxes9903 | €492,762 | €728,458 | €350,952 | €638,723 | -€181,612 | ▼ 128% |
| Income taxes67/77 | €130,127 | €185,473 | €111,562 | €172,807 | €3,390 | ▼ 98.0% |
| Taxes670/3 | - | - | - | €172,807 | - | - |
| Profit (loss) for the period9904 | €362,635 | €542,985 | €239,391 | €465,916 | -€185,002 | ▼ 140% |
| Transfer from tax-exempt reserves789 | - | - | €63,150 | €109,460 | €42,100 | ▼ 61.5% |
| Transfer to tax-exempt reserves689 | €63,150 | €42,100 | €25,260 | €63,150 | - | - |
| Profit (loss) for the period to be appropriated9905 | €299,485 | €500,885 | €277,281 | €512,226 | -€142,902 | ▼ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €4.9m | €6.6m | €10.4m | €4.7m | ▼ 54.9% |
| Fixed assets21/28 | €9,864 | €27,260 | €34,742 | €37,256 | €57,118 | ▲ 53.3% |
| Tangible fixed assets22/27 | €9,864 | €27,260 | €34,742 | €37,256 | €57,115 | ▲ 53.3% |
| Plant, machinery and equipment23 | €9,864 | €27,260 | €34,742 | €27,261 | €33,272 | ▲ 22.0% |
| Furniture and vehicles24 | - | - | - | €1,103 | €9,142 | ▲ 729% |
| Other tangible fixed assets26 | - | - | - | €8,892 | €14,702 | ▲ 65.3% |
| Financial fixed assets28 | - | - | - | - | €3 | - |
| Current assets29/58 | €3.1m | €4.8m | €6.5m | €10.4m | €4.6m | ▼ 55.3% |
| Amounts receivable within one year40/41 | €3.1m | €4.8m | €6.2m | €10.3m | €4.4m | ▼ 56.9% |
| Trade receivables40 | €2.3m | €3.7m | €5.3m | €9.2m | €2.8m | ▼ 69.9% |
| Other amounts receivable41 | €795,235 | €1.1m | €901,868 | €1.1m | €1.7m | ▲ 51.1% |
| Cash at bank and in hand54/58 | €14,936 | €21,869 | €341,560 | €41,062 | €113,542 | ▲ 177% |
| Deferred charges and accrued income490/1 | €7,599 | €20,602 | €17,492 | €31,506 | €82,884 | ▲ 163% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €4.9m | €6.6m | €10.4m | €4.7m | ▼ 54.9% |
| Equity10/15 | €1.0m | €1.3m | €1.4m | €1.9m | €1.7m | ▼ 9.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €938,810 | €1.2m | €1.4m | €1.8m | €1.7m | ▼ 10.0% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €172,610 | €214,710 | €176,820 | €130,510 | €88,410 | ▼ 32.3% |
| Distributable reserves133 | €760,000 | €1.0m | €1.2m | €1.7m | €1.6m | ▼ 8.3% |
| Profit (loss) carried forward14 | €722 | €607 | €737 | €1,114 | €112 | ▼ 89.9% |
| Amounts payable17/49 | €2.1m | €3.6m | €5.1m | €8.5m | €3.0m | ▼ 65.0% |
| Amounts payable within one year42/48 | €2.1m | €3.6m | €5.1m | €8.5m | €3.0m | ▼ 64.9% |
| Trade debts44 | €1.7m | €3.1m | €4.8m | €8.1m | €2.7m | ▼ 66.3% |
| Suppliers440/4 | €1.7m | €3.1m | €4.8m | €8.1m | €2.7m | ▼ 66.3% |
| Taxes, remuneration and social security45 | €176,158 | €184,695 | €233,326 | €372,242 | €251,787 | ▼ 32.4% |
| Taxes450/3 | €122,352 | €98,894 | €130,573 | €234,493 | €78,999 | ▼ 66.3% |
| Remuneration and social security454/9 | €53,806 | €85,801 | €102,753 | €137,748 | €172,788 | ▲ 25.4% |
| Other amounts payable47/48 | €230,000 | €260,000 | €106,000 | €15,000 | €44 | ▼ 99.7% |
| Accrued charges and deferred income492/3 | €615 | €1,532 | - | €8,316 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €362,635 | €542,985 | €239,391 | €465,916 | -€185,002 | ▼ 140% |
| + Depreciation and write-downs630 | €3,890 | €6,778 | €13,741 | €16,858 | €27,406 | ▲ 62.6% |
| Operating cash flow (approximation) | €366,524 | €549,763 | €253,132 | €482,775 | -€157,595 | ▼ 133% |
| Investment in fixed assets (approximation) | - | -€24,173 | -€21,223 | -€19,373 | -€47,268 | ▼ 144% |
| Change in cash | - | €6,933 | €319,691 | -€300,498 | €72,480 | ▲ 124% |
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
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 33 days late
2025
31-12
Financial
Weakest financial yearnet -€185,002
Net result drops to -€185,002, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
31-12
Financial
Highest result since 2018net €542,985 ▲49.7%
Operating result €733,587, net result €542,985, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Equity above €1mEq €1.0m ▲15.3%
4 profitable years in a row build equity to €1.0m.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
31-12
Financial
Equity above €500,000Eq €868,897 ▲88.6%
3 profitable years in a row build equity to €868,897.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Kortenberg · 1 establishment unit since 2017
Ground area
369 m²
Building footprint
303 m²
Volume, LiDAR
3,644 m³
Parcel 24026B0044/00K000, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Piros
since 20172.265.005.725
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24026B0044/00K000 | Flanders | 369 m² | 1 · 303 m² | 18.6 m · 5 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
Part of the group
Nuclys
450 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- Nuclys
- De Cronos Groep
- Piros
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
-
80%
Holdings 1
-
100%
According to the 2025 annual accounts of Piros 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400ZUZ4QFV56ZH186
Similar companies · same sector, comparable size
NSX
BE 0840.966.838
Niel · Eq €1,712,667
4. ST SERVICES SYSTEMS SOFTWARE SUPPORT TECHNOLOGIES BELGIUM
BE 0431.926.152
Leuven · Eq €1,718,361
The Security Factory
BE 0521.990.256
Niel · Eq €1,709,333
THE AVIATION FACTORY
BE 0472.510.556
Antwerpen · Eq €1,722,088
CODIFLY
BE 0717.607.681
Affligem · Eq €1,707,167
Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 5,646 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
Founded28-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673552954
Also
9925:BE0673552954
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.