PIROTECH
ActivePIROTECH has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285k and a net result of €56k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+2
Solvency77▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.45 in 2024; short-term debt: 22% and cash: 27.4% of total assets), and 48.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
51.7%
Return on assets
10.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-10-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
41 d early
2023
1 d early
2022
27 d early
2021
31 d early
2020
4 d early
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€285k▲ 23.9%
2024 · €230k
2019: €154k
2020: €155k
2021: €171k
2022: €185k
2023: €197k
2024: €230k
2019 → 2025
Total assets
€551k▲ 31.8%
2024 · €418k
2019: €240k
2020: €265k
2021: €302k
2022: €300k
2023: €311k
2024: €418k
2019 → 2025
Net result
€56k▲ 63.2%
2024 · €34k
2019: €29k
2020: €1k
2021: €16k
2022: €15k
2023: €12k
2024: €34k
2019 → 2025
Working capital
€79k▲ 45.2%
2024 · €55k
2019: €78k
2020: €51k
2021: €74k
2022: €82k
2023: €106k
2024: €55k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€171k-€185k▲ 8.5%€197k▲ 6.1%€230k▲ 17.0%€285k▲ 23.9%
Operating result€24k-€26k▲ 5.3%€21k▼ 17.9%€53k▲ 151%€82k▲ 55.3%
Net result€16k-€15k▼ 7.9%€12k▼ 16.1%€34k▲ 181%€56k▲ 63.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €551k
Fixed assets
€351k▲ 44.4%
Current assets
€200k▲ 14.3%
Equity and liabilities €551k
Equity
€285k▲ 23.9%
Debt
€266k▲ 41.5%
The debt ratio rises from 45.0% to 48.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€97k▼
2024 · €99k
Cash flow
€71k▼
2024 · €80k
Solvency
51.7%▼
2024 · 55.0%
Current ratio
1.65▲
2024 · 1.45
Quick ratio
1.65▲
2024 · 1.45
Debt / equity
0.93▲
2024 · 0.82
ROE
19.6%▲
2024 · 14.9%
ROA
10.1%▲
2024 · 8.2%
Interest coverage
26.02▼
2024 · 29.97
Debt
€266k▲
2024 · €188k
Debt ≤ 1 year
€121k▲
2024 · €121k
Debt > 1 year
€85k▲
2024 · €67k
Income taxes
€23k▲
2024 · €16k
Staff costs
€109k▲
2024 · €92k
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€418k€551k▲
Fixed assets21/28€243k€351k▲
Tangible fixed assets22/27€225k€277k▲
Land and buildings22€225k€275k▲
Furniture and vehicles24-€2k
Financial fixed assets28€18k€74k▲
Current assets29/58€175k€200k▲
Amounts receivable within one year40/41€31k€37k▲
Trade receivables40€26k€16k▼
Other amounts receivable41€5k€20k▲
Cash at bank and in hand54/58€131k€151k▲
Deferred charges and accrued income490/1€13k€13k▼
Equity and liabilities
Total equity and liabilities10/49€418k€551k▲
Equity10/15€230k€285k▲
Contributions10/11€19k€19k=
Reserves13€166k€221k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€9k€9k=
Distributable reserves133€155k€210k▲
Profit (loss) carried forward14€46k€46k=
Amounts payable17/49€188k€266k▲
Amounts payable after more than one year17€67k€85k▲
Financial debts170/4€67k€85k▲
Amounts payable within one year42/48€121k€121k▲
Current portion of amounts payable after more than one year42€20k€9k▼
Trade debts44€5k€14k▲
Suppliers440/4€5k€14k▲
Taxes, remuneration and social security45€55k€65k▲
Taxes450/3€21k€47k▲
Remuneration and social security454/9€34k€18k▼
Other amounts payable47/48€41k€34k▼
Accrued charges and deferred income492/3-€60k
Income statement
Code20242025
Remuneration, social security and pensions62€92k€109k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€15k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€195k€211k▲
Operating profit (loss)9901€53k€82k▲
Financial income75/76B€466€1k▲
Recurring financial income75€466€1k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€50k€79k▲
Income taxes67/77€16k€23k▲
Profit (loss) for the period9904€34k€56k▲
Profit (loss) for the period to be appropriated9905€34k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€81k€101k▲
Profit (loss) brought forward from the previous period14P€46k€46k▼
Transfer to equity691/2€34k€55k▲
To other reserves6921€34k€55k▲
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €56k ▲63.2%
Operating result €82k, net result €56k, both a record.
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €200kEq €230k ▲17%
6 profitable years in a row build equity to €230k.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €1k ▼96.5%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
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.
Directors · office · real estate
Directors
2 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, Namur · 3 establishment units since 2004
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 Nanon 1225000 NamurGround area
7.9 ha
Building footprint
1.4 ha
Volume, LiDAR
3,684 m³
4 parcels, Brussels, Wallonia · tallest building 25.1 m, ±7 floors. Linked by address, not a title deed.
3 establishment units
PIROTECH
since 20042.144.070.578
PIROTECH
since 20072.165.448.388
PIROTECH
since 20222.332.604.926
4 parcels
Wallonia
3
(75%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0287/00F000 | Wallonia | 7.8 ha | 1 · 1.4 ha | - |
| 92053A0185/00C004 | Wallonia | 731 m² | 1 · 101 m² | - |
| 21383B0031/00A039 | Brussels | 253 m² | 1 · 168 m² | 25.1 m · 7 fl. |
| 92094B0121/00Y002indicative | Wallonia | 174 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
3 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ADCOS
BE 0867.295.905
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ENPRO AUTOMATION
BE 0898.654.916
Brasschaat · Eq €285k
THEOCO
BE 0752.818.384
Willebroek · Eq €284k
MINIMOTOR
BE 0471.637.457
Herentals · Eq €284k
A.P.S.S.
BE 0882.694.852
Mol · Eq €286k
Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 4,909 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2004
Fiscal year end31-03
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
71209Other technical testing and analysis
74302
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.