PIRSIMMO
ActiveSummary
PIRSIMMO has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7,548) and a net result of -€10,548. Equity has been shrinking by about 23% per year since 2022. The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-06-2022 Normal situation
- Activity
- “La société a pour objet,tant en Belgique qu’à l’étranger,pour compte propre ou compte de…” (deed in French)From the articles, 8 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.333.946.692 6860 Léglise, since 07-06-2022
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- KEIL ValérieDirector · since 20-02-2025
- PIRSON MichaëlDirector · since 20-02-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
Annual accounts 2025
- Gross margin
- -€10,287
- Loss
- €10,548
- Equity
- -€7,548
- Total assets
- €337,452
- ▲ 365%
- Negative equity on 31-12-2025
Turnover not published (micro format)
Score breakdownraises riskCapped at 59: negative equity1 change of registered office in 24 monthslowers riskSize: total assets €337,452Figures for financial year 2025 (filed on 12-06-2026)No main activity registeredShow the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 15% of micro companies without a NACE code
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
23-71
equity -2.2% of total assets
Liquidity
47-44
short-term debt 18.0% · cash 1.3%
Profitability
15-36
return on assets -3.1%
Bankruptcy probability within 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.7%▼ -0.1 percentage points vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025lowest value
03-2025: 1.4%▲ +0.7 percentage points vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.4%● unchanged vs 06-2025
08-2025: 1.4%● unchanged vs 07-2025
09-2025: 1.4%● unchanged vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.7%▲ +0.3 percentage points vs 03-2026
05-2026: 2.0%▲ +0.3 percentage points vs 04-2026
06-2026: 2.3%▲ +0.3 percentage points vs 05-2026
07-2026: 2.1%▼ -0.2 percentage points vs 06-2026
08-2026: 2.6%▲ +0.5 percentage points vs 07-2026
09-2026: 2.7%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 1.0%▼ -1.7 percentage points vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.07 (4.18 in 2024), below 1. Short-term debt is 18% and cash 1.3% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 14% of them on solvency, 29% on liquidity, 14% on profitability and 3% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€7,548
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
49 days early
2024
181 days early
2023
47 days early
2022
32 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 4 accounts on average 61 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (3 of the last 4 accounts filed within 79 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 12-06-2026 at the NBB all 4 filings
Equity
-€7,548
2024 · €50,000
Total assets
€337,452▲ 365%
2024 · €72,644
Net result
-€10,548
2024 · €3,883
Working capital
-€56,220
2024 · €55,250
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
-€10,014
2025
20222025
Net result
-€10,548
2025
20222025
Equity
-€7,548
2025
20222025
Total assets
€337,452
▲ 365%
2025
20222025
Debt
€345,000
▲ 20×
2025
20222025
Working capital
-€56,220
2025
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result-€1,179--€2,633▼ 123%€3,925-€10,014
Net result-€1,211--€2,672▼ 121%€3,883-€10,548
Equity€48,789-€46,117▼ 5.5%€50,000▲ 8.4%-€7,548
Total assets€53,252-€57,261▲ 7.5%€72,644▲ 26.9%€337,452▲ 365%
Debt€4,463-€11,145▲ 150%€17,394▲ 56.1%€345,000▲ 20×
Working capital€46,165-€34,878▼ 24.4%€55,250▲ 58.4%-€56,220
The operating result for 2025 is a loss of €10,014, after a profit of €3,925 in 2024. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
Assets €337,452
Fixed assets
€333,043
Current assets
€4,409
Equity and liabilities
Equity-€7,548
Debt€345,000
Equity is negative. Debt (€345,000) exceeds the balance-sheet total (€337,452).
Key figures and ratios
EBITDA
-€5,556
Cash flow
-€6,091
Solvency
-2.2%▼
2024 · 68.8%
Current ratio
0.07▼
2024 · 4.18
ROA
-3.1%▼
2024 · 5.3%
Interest coverage
-10.39
Debt ≤ 1 year
€60,628▲
2024 · €17,394
Debt > 1 year
€284,372
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €339 | €10,420 | €715 | €337,500 |
| Depreciation and write-downs of the year | €339 | €1,212 | - | €4,457 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €339 | €1,212 | - | €4,457 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€5,250 | - |
| Other operating charges640/8 | €348 | €384 | €387 | €519 | ▲ 34.1% |
| Gross operating margin9900 | -€493 | -€1,036 | €4,313 | -€10,287 | - |
| Operating profit (loss)9901 | -€1,179 | -€2,633 | €3,925 | -€10,014 | - |
| Financial charges65/66B | €32 | €40 | €42 | €535 | ▲ 13× |
| Recurring financial charges65 | €32 | €40 | €42 | €535 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | -€1,211 | -€2,672 | €3,883 | -€10,548 | - |
| Profit (loss) for the period9904 | -€1,211 | -€2,672 | €3,883 | -€10,548 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,211 | -€2,672 | €3,883 | -€10,548 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €53,252 | €57,261 | €72,644 | €337,452 | ▲ 365% |
| Formation expenses20 | €2,623 | €2,031 | - | - | - |
| Fixed assets21/28 | - | €9,208 | - | €333,043 | - |
| Tangible fixed assets22/27 | - | €9,208 | - | €333,043 | - |
| Land and buildings22 | - | €9,208 | - | €333,043 | - |
| Current assets29/58 | €50,629 | €46,023 | €72,644 | €4,409 | ▼ 93.9% |
| Amounts receivable within one year40/41 | €604 | €1,110 | €27,232 | - | - |
| Trade receivables40 | - | - | €27,232 | - | - |
| Other amounts receivable41 | €604 | €1,110 | - | - | - |
| Cash at bank and in hand54/58 | €50,025 | €44,913 | €45,412 | €4,409 | ▼ 90.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €53,252 | €57,261 | €72,644 | €337,452 | ▲ 365% |
| Equity10/15 | €48,789 | €46,117 | €50,000 | -€7,548 | - |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €3,000 | ▼ 94.0% |
| Profit (loss) carried forward14 | -€1,211 | -€3,883 | - | -€10,548 | - |
| Provisions and deferred taxes16 | - | - | €5,250 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €5,250 | - | - |
| Other liabilities and charges164/5 | - | - | €5,250 | - | - |
| Amounts payable17/49 | €4,463 | €11,145 | €17,394 | €345,000 | ▲ 20× |
| Amounts payable after more than one year17 | - | - | - | €284,372 | - |
| Financial debts170/4 | - | - | - | €284,372 | - |
| Amounts payable within one year42/48 | €4,463 | €11,145 | €17,394 | €60,628 | ▲ 249% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,628 | - |
| Trade debts44 | €2,647 | €6,453 | €6,448 | - | - |
| Suppliers440/4 | €2,647 | €6,453 | €6,448 | - | - |
| Taxes, remuneration and social security45 | - | - | €4,496 | - | - |
| Taxes450/3 | - | - | €4,496 | - | - |
| Other amounts payable47/48 | €1,816 | €4,691 | €6,450 | €45,000 | ▲ 598% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,211 | -€2,672 | €3,883 | -€10,548 | - |
| + Depreciation and write-downs630 | €339 | €1,212 | - | €4,457 | - |
| Operating cash flow (approximation) | -€872 | -€1,460 | €3,883 | -€6,091 | - |
| Change in cash | - | -€5,112 | €499 | -€41,003 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,555 companies had the same profile as PIRSIMMO has now. Two years later, 91.6% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
91.6%
was still going
3.6%
stopped otherwise
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PIRSIMMO itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,555 companies, not a prediction for PIRSIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Directors
2 directors, no change since 2025
KEIL Valérie
Current
Director (not named in the articles) · since 20-02-2025 · term without a fixed end · listed in the 2025 annual accounts, filed on 12-06-2026
PIRSON Michaël
Current
Director (not named in the articles) · since 20-02-2025 · term without a fixed end · listed in the 2025 annual accounts, filed on 12-06-2026
Owners and capital
Shareholders
At incorporation
act of 09-06-2022 ↗
- KERGER Denis Lucien 25 shares (25%) · €12,500
- KERGER Michaël Lucien 25 shares (25%) · €12,500
- FOURY Jean-Philippe Georges 25 shares (25%) · €12,500
- CLAESSENS Bruno Robert Christian 25 shares (25%) · €12,500
Capital transactions
Capital over time
- 28-02-2025 Capital stated in the deed · 100 shares
- 09-06-2022 Incorporation · €50,000 · 100 shares
Mandate history
7 people, 2 in office
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| KEIL Valérie |
|
| PIRSON Michaël |
|
| CLAESSENS Bruno |
|
| FOURY Jean-Philippe |
|
| KERGER Denis Lucien |
|
| Michaël KERGER |
|
| CLAESSENS Bruno Robert Christian |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 09-06-2022 (in French)
Network & group
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
YAMAS
via CLAESSENS Bruno Robert Christian · Director (not named in the articles)
→
IECK
Shared director
→
KERGMAN
Shared director
→
MIGRAX
Shared director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
12-06
micro format · 49 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€10,548
The net result drops to -€10,548, the lowest from 2022 to 2025.
28-02
Gazette deed
Company renamed from KFC IMMO to PIRSIMMORegistered office moved to Léglise · Resignations: KERGER Michaël, KERGER Denis and 2 others · Appointments: PIRSON Michaël (director) and KEIL Valérie (director)17 points ▸
Gazette deed
Company renamed from KFC IMMO to PIRSIMMO
Registered office moved to Léglise · Resignations: KERGER Michaël, KERGER Denis and 2 others · Appointments: PIRSON Michaël (director) and KEIL Valérie (director)17 points ▸
- Other provision, “Modification de la dénomination de la société, Modification de l’objet social” (deed in French)
- Other provision, “rapport organe d’administration, justification détaillée du changement proposé à l’objet” (deed in French)
- Purpose change
- Name change, PIRSIMMO
- General meeting, “régulièrement constituée et peut valablement délibérer, dispense lecture rapport organe d’administration” (deed in French)
- Director resignation, KERGER Michaël (director)
- Power of attorney, Floriane LEJEUNE, mentioned 4 times in the deed
- Director resignation, KERGER Denis (director)
- Director resignation, FOURY Jean-Philippe (director)
- Director resignation, CLAESSENS Bruno (director)
- Director appointment, PIRSON Michaël (director (not named in the articles))
- Director appointment, KEIL Valérie (director (not named in the articles))
- The act holds 5 more points.
31-01
micro format · 181 days before the deadline
2024
31-12
Financial
Back to profitnet €3,883
The net result is €3,883, after 2 loss-making years.
14-06
micro format · 47 days before the deadline
2023
01-09
micro format · 32 days late
2022
09-06
Gazette deed
IncorporationStarting capital €50,000 · Appointments: KERGER Michaël Lucien, KERGER Denis Lucien and 2 others · Power of attorney24 points ▸
Gazette deed
Incorporation
Starting capital €50,000 · Appointments: KERGER Michaël Lucien, KERGER Denis Lucien and 2 others · Power of attorney24 points ▸
- Incorporation, 04-04-2022
- Power of attorney, KERGER Denis Lucien
- Other provision, “comparants détenant ensemble au moins un tiers des actions assument seuls qualité de fondateurs conformément au Code des sociétés et des associations,autres com…” (deed in French)
- Other provision, “plan financier et responsabilité des fondateurs, faillite dans les trois ans de constitution si capitaux propres manifestement insuffisants” (deed in French)
- Founding capital, €50,000
- KERGER Denis Lucien holds 25 shares
- KERGER Michaël Lucien holds 25 shares
- FOURY Jean-Philippe Georges holds 25 shares
- CLAESSENS Bruno Robert Christian holds 25 shares
- Bank account, “compte spécial au nom de la société en formation, BE33 1030 7851 9346” (deed in French)
- Other provision, “avertissements du notaire, objet social peut exiger autorisations ou licences préalables” (deed in French)
- Other provision, “avertissements et arrêté des statuts, comparants arrêtent statuts comme suit” (deed in French)
- The act holds 12 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
PIRSIMMO was incorporated on 7 June 2022 as a private limited company by four natural persons, with a starting capital of €50,000.12 In 2025 the company took the name PIRSIMMO.3 The registered office was moved to Léglise in 2025.3 The board currently has 2 members, 2 of whom have served since 2025.4 Total assets rose from €53,252 in 2022 to €337,452 in 2025.5
Company details
Register details
Identity
KBO recordName
PIRSIMMO in French
Former name
KFC IMMO until the act of 28-02-2025
Enterprise number
0786.856.971
Legal form
Private limited company
Status
Active, normale toestand
Founded
07-06-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-02-2025 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne, pour autant que cette décision n’entraîne pas de changement en matière de régime linguistique applicable à la société”
deed of 28-02-2025 (in French)Registered office and establishments
Registered office
Rue de la Hazette, Nivelet 10, 6860 Léglise, Belgium
Establishment unit
PIRSIMMO, Rue de la Hazette, Nivelet 10, 6860 Léglise since 07-06-2022 · unit number 2.333.946.69268203 Renting and operating of own or leased non-residential real estate, excluding land
Activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 28-02-2025 (in French)
“La société a pour objet,tant en Belgique qu’à l’étranger,pour compte propre ou compte de tiers,la constitution,la gestion,la conservation,le…”
8 activities
- La société a pour objet,tant en Belgique qu’à l’étranger,pour compte propre ou compte de tiers,la constitution,la gestion,la conservation,le développement et la valorisation dans son sens le plus large,d’un patrimoine immobilier,mobilier,matériel et/ou financier.
- Dans ce cadre,elle pourra réaliser toutes opérations relevant du commerce et de l’investissement immobilier et/ou mobilier,notamment – la présente liste devant être prise dans son sens le plus large - : l’achat,la vente,l’échange,le conseil,la négociation,la location,la gestion,l’exploitation,la réalisation de tous projets immobiliers,la promotion immobilière,la construction,la reconstruction,la transformation et/ou rénovation - par intermédiaire en ce qui concerne ces trois ou quatre postes -,la valorisation de tous biens immeubles quelconques,bâtis ou non bâtis,urbains ou ruraux,à destination privée,commerciale,industrielle ou agricole ; les activités relatives à la coordination de tous travaux lors de leur exécution par des sous-traitants.
- Elle pourra exploiter tous entrepôts et magasins,acquérir,louer tous terrains,immeubles ou installations,transformer lesdits immeubles pour faciliter la réalisation de son objet.
- Elle pourra également s’intéresser,dans les limites légales,de toutes manières et par tous moyens - par voies d’apports,de cession,de fusion,de souscriptions,de prise de participation ou toute autre forme d'investissement en titres ou droits mobiliers,d’interventions financières ou par tout autre mode y compris la gestion ou l’exercice de mandat d’administrateur - et en tous lieux,dans toutes sociétés,associations ou entreprises existantes ou à créer,en Belgique ou à l’étranger,dont l’objet serait,en tout ou en partie,similaire ou connexe au sien ou qui serait susceptible d’en faciliter l’extension et le développement.
- Elle pourra conclure d'une façon générale et dans les limites légales,tous contrats et accomplir toutes opérations généralement quelconques,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet ou qui seraient de nature à en faciliter directement ou indirectement,entièrement ou partiellement,le développement ou la réalisation.
- Elle pourra contracter des emprunts et en accorder également à des tiers,actionnaires,administrateurs ou non.
- De manière générale,la société peut faire tout ce qui est en rapport avec son objet tel que défini ci-dessus ou qui est de nature à le favoriser.
- La société peut exercer la gestion et le contrôle,en qualité d'administrateur,de liquidateur ou autrement,de toutes entreprises liées ou succursales.
Invoicing and payment
VAT number
BE 0786.856.971
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 16:00
deed of 28-02-2025 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
1,181 m²
Building footprint
104 m²
Building volume
653 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 84004E0144/00K000 | Wallonia | 1,181 m² | 1 · 104 m² | 7.3 m · 2 |