PIROT
ActiveSummary
PIROT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.8m and a net result of €189,810. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 37% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency58▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.24 in 2024; short-term debt: 44.7% and cash: 15.2% of total assets), and 67% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33%
Return on assets
2.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
14 d early
2023
20 d early
2022
35 d early
2021
19 d early
2020
29 d early
2019
31 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 18 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Libin, Construction sector#2 company by equity in Libin, Construction sector#5 employer in the province of Luxembourg, Specialised construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€189,810▲ 45.8%
2024 · €130,186
Working capital
€1.0m▲ 29.0%
2024 · €813,255
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Operating result€1.7m▲ 2,139%€400,614▼ 77.1%-€310,995€283,850€366,884▲ 29.3%
Net result€1.3mabove the sector's middle half▲ 4,265%€326,147above the sector's middle half▼ 74.9%-€390,260below the sector's middle half€130,186above the sector's middle half€189,810within the sector's middle half▲ 45.8%
Equity€2.8mabove the sector's middle half▲ 84.0%€3.1mabove the sector's middle half▲ 10.8%€2.7mabove the sector's middle half▼ 13.6%€2.8mabove the sector's middle half▲ 3.7%€2.8mabove the sector's middle half▲ 1.4%
Total assets€6.0mabove the sector's middle half▲ 21.7%€7.1mabove the sector's middle half▲ 18.5%€7.8mabove the sector's middle half▲ 10.3%€7.5mabove the sector's middle half▼ 4.1%€8.6mabove the sector's middle half▲ 14.4%
Debt€3.2m▼ 6.4%€4.0m▲ 25.3%€5.1m▲ 28.9%€4.7m▼ 8.2%€5.7m▲ 22.1%
Working capital€1.5m▲ 64.5%€1.4m▼ 7.5%€697,127▼ 48.9%€813,255▲ 16.7%€1.0m▲ 29.0%
Solvency46.9%within the sector's middle half▲ 15.9pp43.9%within the sector's middle half▼ 3.1pp34.4%within the sector's middle half▼ 9.5pp37.2%within the sector's middle half▲ 2.8pp33.0%within the sector's middle half▼ 4.2pp
Staff (FTE)41above the sector's middle half▲ 28.1%47above the sector's middle half▲ 14.6%43above the sector's middle half▼ 8.5%39.3above the sector's middle half▼ 8.6%39.8above the sector's middle half▲ 1.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.6m
Fixed assets
€3.7m ▲ 13.0%
Current assets
€4.9m ▲ 15.4%
Equity and liabilities €8.6m
Equity
€2.8m ▲ 1.4%
Debt
€5.7m ▲ 22.1%
Debt's share of the balance-sheet total rises from 62.8% to 67.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€931,366▲
2024 · €866,663
Cash flow
€754,291▲
2024 · €712,999
Current ratio
1.27▲
2024 · 1.24
Quick ratio
1.01▲
2024 · 0.95
Debt to equity
2.03▲
2024 · 1.69
ROE
6.7%▲
2024 · 4.7%
ROA
2.2%▲
2024 · 1.7%
Interest coverage
9.34▲
2024 · 6.04
Debt ≤ 1 year
€3.8m▲
2024 · €3.4m
Debt > 1 year
€1.9m▲
2024 · €1.3m
Income taxes
€83,165▲
2024 · €13,734
Staff costs
€2.5m▲
2024 · €2.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 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 14,684 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.9m | €2.5m | €2.6m | €2.3m | €2.5m | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €440,793 | €560,250 | €593,490 | €582,813 | €564,481 | ▼ 3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €8,391 | - | - | - | - | - |
| Other operating charges640/8 | €17,858 | €22,597 | €58,852 | €25,189 | €49,129 | ▲ 95.0% |
| Gross operating margin9900 | €4.1m | €3.5m | €3.0m | €3.2m | €3.5m | ▲ 11.8% |
| Operating profit (loss)9901 | €1.7m | €400,614 | -€310,995 | €283,850 | €366,884 | ▲ 29.3% |
| Financial income75/76B | €1,379 | €1,559 | €1,731 | €3,627 | €5,758 | ▲ 58.7% |
| Recurring financial income75 | €1,379 | €1,559 | €1,731 | €3,627 | €5,758 | ▲ 58.7% |
| Financial charges65/66B | €44,438 | €40,283 | €79,768 | €143,557 | €99,667 | ▼ 30.6% |
| Recurring financial charges65 | €44,438 | €40,283 | €79,768 | €143,557 | €99,667 | ▼ 30.6% |
| Profit (loss) for the period before taxes9903 | €1.7m | €361,889 | -€389,032 | €143,919 | €272,975 | ▲ 89.7% |
| Income taxes67/77 | €404,967 | €35,742 | €1,227 | €13,734 | €83,165 | ▲ 506% |
| Profit (loss) for the period9904 | €1.3m | €326,147 | -€390,260 | €130,186 | €189,810 | ▲ 45.8% |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €326,147 | -€390,260 | €130,186 | €189,810 | ▲ 45.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.0m | €7.1m | €7.8m | €7.5m | €8.6m | ▲ 14.4% |
| Fixed assets21/28 | €2.4m | €3.4m | €3.7m | €3.3m | €3.7m | ▲ 13.0% |
| Tangible fixed assets22/27 | €2.3m | €3.2m | €3.5m | €3.0m | €3.2m | ▲ 5.1% |
| Land and buildings22 | €1.1m | €1.1m | €1.3m | €1.4m | €1.8m | ▲ 32.0% |
| Plant, machinery and equipment23 | €122,572 | €172,116 | €190,116 | €139,630 | €125,826 | ▼ 9.9% |
| Furniture and vehicles24 | €253,311 | €380,973 | €351,499 | €203,004 | €222,647 | ▲ 9.7% |
| Leasing and similar rights25 | €787,011 | €1.5m | €1.7m | €1.3m | €998,668 | ▼ 24.7% |
| Other tangible fixed assets26 | €10,065 | €19,214 | €17,043 | €14,873 | €58,092 | ▲ 291% |
| Financial fixed assets28 | €170,256 | €192,035 | €192,340 | €214,942 | €483,003 | ▲ 125% |
| Current assets29/58 | €3.5m | €3.7m | €4.1m | €4.2m | €4.9m | ▲ 15.4% |
| Stocks and contracts in progress3 | €247,852 | €280,484 | €863,508 | €974,031 | €999,979 | ▲ 2.7% |
| Stocks30/36 | €247,852 | €280,484 | €863,508 | €974,031 | €999,979 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €1.8m | €2.1m | €2.6m | €2.3m | €2.6m | ▲ 9.0% |
| Trade receivables40 | €1.2m | €1.5m | €2.1m | €1.8m | €2.1m | ▲ 20.2% |
| Other amounts receivable41 | €606,790 | €555,215 | €491,874 | €565,465 | €417,432 | ▼ 26.2% |
| Cash at bank and in hand54/58 | €1.5m | €1.4m | €665,689 | €862,611 | €1.3m | ▲ 50.4% |
| Deferred charges and accrued income490/1 | €46,816 | €9,108 | €47,631 | €36,528 | €15,350 | ▼ 58.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.0m | €7.1m | €7.8m | €7.5m | €8.6m | ▲ 14.4% |
| Equity10/15 | €2.8m | €3.1m | €2.7m | €2.8m | €2.8m | ▲ 1.4% |
| Contributions10/11 | €285,000 | €285,000 | €285,000 | €285,000 | €285,000 | = |
| Capital10 | €285,000 | €285,000 | €285,000 | €285,000 | €285,000 | = |
| Issued capital100 | €285,000 | €285,000 | €285,000 | €285,000 | €285,000 | = |
| Reserves13 | €584,570 | €622,570 | €591,570 | €692,570 | €542,570 | ▼ 21.7% |
| Non-distributable reserves130/1 | €28,500 | €28,500 | €28,500 | €28,500 | €28,500 | = |
| Legal reserve130 | €28,500 | €28,500 | €28,500 | €28,500 | €28,500 | = |
| Tax-exempt reserves132 | €245,070 | €245,070 | €245,070 | €245,070 | €245,070 | = |
| Distributable reserves133 | €311,000 | €349,000 | €318,000 | €419,000 | €269,000 | ▼ 35.8% |
| Profit (loss) carried forward14 | €1.9m | €2.2m | €1.8m | €1.8m | €2.0m | ▲ 10.6% |
| Investment grants15 | €13,691 | €12,954 | €12,218 | €11,482 | €10,745 | ▼ 6.4% |
| Amounts payable17/49 | €3.2m | €4.0m | €5.1m | €4.7m | €5.7m | ▲ 22.1% |
| Amounts payable after more than one year17 | €1.1m | €1.6m | €1.7m | €1.3m | €1.9m | ▲ 50.8% |
| Financial debts170/4 | €1.1m | €1.6m | €1.7m | €1.3m | €1.9m | ▲ 50.8% |
| Amounts payable within one year42/48 | €2.1m | €2.3m | €3.4m | €3.4m | €3.8m | ▲ 12.2% |
| Current portion of amounts payable after more than one year42 | €824,707 | €686,523 | €600,508 | €509,998 | €550,351 | ▲ 7.9% |
| Financial debts43 | - | - | €600,000 | €800,000 | €600,000 | ▼ 25.0% |
| Credit institutions430/8 | - | - | €600,000 | €800,000 | €600,000 | ▼ 25.0% |
| Trade debts44 | €907,381 | €1.3m | €1.8m | €1.7m | €2.1m | ▲ 25.7% |
| Suppliers440/4 | €907,381 | €1.3m | €1.8m | €1.7m | €2.1m | ▲ 25.7% |
| Taxes, remuneration and social security45 | €210,679 | €201,506 | €209,867 | €210,152 | €264,903 | ▲ 26.1% |
| Taxes450/3 | €63,861 | €21,944 | €15,696 | €39,352 | €59,915 | ▲ 52.3% |
| Remuneration and social security454/9 | €146,818 | €179,562 | €194,171 | €170,800 | €204,989 | ▲ 20.0% |
| Other amounts payable47/48 | €128,047 | €165,103 | €190,911 | €213,226 | €302,809 | ▲ 42.0% |
| Accrued charges and deferred income492/3 | €8,383 | €9,748 | €11,928 | €26,109 | €7,129 | ▼ 72.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €326,147 | -€390,260 | €130,186 | €189,810 | ▲ 45.8% |
| + Depreciation and write-downs630 | €440,793 | €560,250 | €593,490 | €582,813 | €564,481 | ▼ 3.1% |
| Operating cash flow (approximation) | €1.7m | €886,397 | €203,230 | €712,999 | €754,291 | ▲ 5.8% |
| Investment in fixed assets (approximation) | - | -€1.5m | -€897,540 | -€170,846 | -€989,012 | ▼ 479% |
| Change in cash | - | -€103,644 | -€691,000 | €196,921 | €434,722 | ▲ 121% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €130,186
Net result €130,186 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€390,260
Net result drops to -€390,260, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.3m ▲4,265%
Operating result €1.7m, net result €1.3m, both a record.
31-12
Financial
Equity above €2mEq €2.8m ▲84%
4 profitable years in a row build equity to €2.8m.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Libin · 1 establishment unit since 2001
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.
Rue Wez-de-Bouillon,Villance 206890 LibinGround area
1,471 m²
Building footprint
154 m²
Volume, LiDAR
821 m³
Parcel 84073A0273/00P000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Général-Molitor,Villance 127, 6890 Libin
since 20012.098.094.657
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84073A0273/00P000 | Wallonia | 1,471 m² | 1 · 154 m² | 8.2 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
2 owners · 3 holdingsOwners 2
-
50%
-
50%
Holdings 3
-
100%
- RECY-CHEVYsubsidiaryEquity €668,309Result €101,313100%
-
100%
According to the 2025 annual accounts of PIROT 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
Recognised contractor
16 categoriesDaniel PIROT et Fils SA26817
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Identification & contact
Identification
Legal formPublic limited company
Founded05-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42220Construction of utility projects for electricity and telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474498363
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.