Pirot-Matthys

Active

Private limited companyfounded 20196 yrs activeKapellebaan 10, 2560 Nijlen, BelgiumKBO/BCE: BE 0739.846.219

The computed 12-month bankruptcy probability of Pirot-Matthys is 2.0% (moderate). The 2025 annual accounts show equity of €99k and a net result of €-34k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 1543 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability25▼-53

Solvency49▼-6

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4.5k at 30 days acceptable

Liquidity short (current ratio 0.94 against 0.97 in 2024; short-term debt: 23% and cash: 13.9% of total assets), and 76.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

23.6%

Return on assets

-8.2%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

28 d early

2024

7 d early

2023

on the day

2022

11 d early

2021

11 d early

2020

1 d early

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€99k▼ 25.7%

2024 · €133k

2020: €35k 2021: €40k 2022: €63k 2023: €99k 2024: €133k

2020 → 2025

Total assets

€419k▼ 7.0%

2024 · €451k

2020: €212k 2021: €204k 2022: €250k 2023: €503k 2024: €451k

2020 → 2025

Net result

€-34k

2024 · €34k

2020: €18k 2021: €5k 2022: €23k 2023: €48k 2024: €34k

2020 → 2025

Working capital

€-5k▼ 146%

2024 · €-2k

2020: €13k 2021: €11k 2022: €-16k 2023: €-28k 2024: €-2k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€40k-€63k▲ 56.8%€99k▲ 57.8%€133k▲ 34.1%€99k▼ 25.7%

Operating result€13k-€37k▲ 184%€72k▲ 94.8%€64k▼ 11.6%€-19k

Net result€5k-€23k▲ 344%€48k▲ 112%€34k▼ 29.9%€-34k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €19k after €64k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €419k

78.3%

21.7%

Fixed assets €328k▼ 9.9%

Current assets €91k▲ 5.2%

Equity and liabilities €419k

23.6%

76.4%

Equity €99k▼ 25.7%

Debt €320k▲ 0.8%

The debt ratio rises from 70.4% to 76.4%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€30k▼

2024 · €122k

Cash flow

€15k▼

2024 · €92k

Solvency

23.6%▼

2024 · 29.6%

Current ratio

0.94▼

2024 · 0.97

Quick ratio

0.75▲

2024 · 0.68

Debt / equity

3.23▲

2024 · 2.38

ROE

-34.5%▼

2024 · 25.5%

ROA

-8.2%▼

2024 · 7.5%

Interest coverage

1.94▼

2024 · 8.14

Debt

€320k▲

2024 · €318k

Debt ≤ 1 year

€96k▲

2024 · €89k

Debt > 1 year

€224k▼

2024 · €229k

Income taxes

€22▼

2024 · €15k

Staff costs

€121k▲

2024 · €102k

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€451k€419k▼

Fixed assets21/28€365k€328k▼

Intangible fixed assets21€58k€46k▼

Tangible fixed assets22/27€271k€247k▼

Land and buildings22€8k€7k▼

Plant, machinery and equipment23€245k€227k▼

Furniture and vehicles24€19k€0▼

Assets under construction and advance payments27-€13k

Financial fixed assets28€36k€36k=

Current assets29/58€86k€91k▲

Stocks and contracts in progress3€26k€19k▼

Stocks30/36€26k€19k▼

Amounts receivable within one year40/41€23k€13k▼

Trade receivables40€23k€132▼

Other amounts receivable41-€13k

Cash at bank and in hand54/58€37k€58k▲

Deferred charges and accrued income490/1€1k€1k=

Equity and liabilities

Total equity and liabilities10/49€451k€419k▼

Equity10/15€133k€99k▼

Contributions10/11€20k€20k=

Reserves13€113k€113k=

Distributable reserves133€113k€113k=

Profit (loss) carried forward14€14€-34k▼

Amounts payable17/49€318k€320k▲

Amounts payable after more than one year17€229k€224k▼

Financial debts170/4€229k€224k▼

Amounts payable within one year42/48€89k€96k▲

Current portion of amounts payable after more than one year42€45k€33k▼

Financial debts43-€4k

Other loans439-€4k

Trade debts44€12k€27k▲

Suppliers440/4€12k€27k▲

Taxes, remuneration and social security45€25k€24k▼

Taxes450/3€7k€0▼

Remuneration and social security454/9€17k€24k▲

Other amounts payable47/48€7k€8k▲

Income statement Code20242025

Remuneration, social security and pensions62€102k€121k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€49k▼

Other operating charges640/8€1k€768▼

Gross operating margin9900€225k€152k▼

Operating profit (loss)9901€64k€-19k▼

Financial income75/76B€44€131▲

Recurring financial income75€44€131▲

Financial charges65/66B€15k€16k▲

Recurring financial charges65€15k€16k▲

Profit (loss) for the period before taxes9903€49k€-34k▼

Income taxes67/77€15k€22▼

Profit (loss) for the period9904€34k€-34k▼

Profit (loss) for the period to be appropriated9905€34k€-34k▼

Appropriation of the result

Profit (loss) to be appropriated9906€34k€-34k▼

Profit (loss) brought forward from the previous period14P€14€14▼

Transfer to equity691/2€34k€0▼

To other reserves6921€34k€0▼

Profit to be distributed694/7€0-

Directors or managers695€0-

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-34k ▼201%

Net result drops to €-34k, the lowest in the series.

24-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €100kEq €133k ▲34.1%

5 profitable years in a row build equity to €133k.

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2020net €48k ▲112%

Operating result €72k, net result €48k, both a record.

20-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

20-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Nijlen · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Kapellebaan 102560 Nijlen

Ground area

329 m²

Building footprint

304 m²

Volume, LiDAR

2,098 m³