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PISUKE IMMO

Active
Private limited companyfounded 20232 yrs activeAvenue des Lilas 12, 1410 Waterloo, BelgiumKBO/BCE: BE 1003.047.504
Summary

PISUKE IMMO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€247) and a net result of -€39. Its solvency ranks better than 20% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability69▲+48
Solvency25=
Growth58
Track record82
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.19 in 2024; short-term debt: 100.1% and cash: 1.6% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · 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
-0.1%
Return on assets
0%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€247
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 2 filings
Deviation from the deadline
2025
12 d late
2024
153 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 83 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 6 December 2023, PISUKE IMMO was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€247▼ 18.6%
2024 · -€208
Total assets
€226,351▼ 22.0%
2024 · €290,142
Net result
-€39▲ 99.3%
2024 · -€5,208
Working capital
-€222,764▲ 5.1%
2024 · -€234,768
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€5,107-€15
Net result-€5,208--€39▲ 99.3%
Equity-€208--€247▼ 18.6%
Total assets€290,142-€226,351▼ 22.0%
Debt€290,350-€226,598▼ 22.0%
Working capital-€234,768--€222,764▲ 5.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€6,000-€4,000-€2,000€0Operating result 2024: -€5,107-€5,107Net result 2024: -€5,208-€5,208Operating result 2025: €15€15Net result 2025: -€39-€3920242025-€6,000-€4,000-€2,000€0Operating result 2024: -€5,107-€5,110Net result 2024: -€5,208-€5,210Operating result 2025: €15€15Net result 2025: -€39-€3920242025
The operating result returns to profit in 2025: €15 after a loss of €5,107 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €226,059
Fixed assets €222,224 ▼ 5.0%
Current assets €3,835 ▼ 93.1%
Key figures and ratios
2025 value · change against 2024
EBITDA
€12,058▲
2024 · €68
Cash flow
€12,004▲
2024 · -€33
Solvency
-0.1%▼
2024 · -0.1%
Current ratio
0.02▼
2024 · 0.19
ROA
0.0%▲
2024 · -1.8%
Interest coverage
223.30▲
2024 · 0.55
Debt ≤ 1 year
€226,598▼
2024 · €290,350
Equity ratios withheld: equity of -€247 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,554 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.1% went bankrupt
3.5% stopped otherwise
91% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,554 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€290,142€226,351▼
Formation expenses20€586€293▼
Fixed assets21/28€233,974€222,224▼
Tangible fixed assets22/27€233,974€222,224▼
Land and buildings22€233,974€222,224▼
Current assets29/58€55,582€3,835▼
Amounts receivable within one year40/41€50,089€204▼
Other amounts receivable41€50,089€204▼
Cash at bank and in hand54/58€5,493€3,631▼
Equity and liabilities
Total equity and liabilities10/49€290,142€226,351▼
Equity10/15-€208-€247▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€5,208-€5,247▼
Amounts payable17/49€290,350€226,598▼
Amounts payable within one year42/48€290,350€226,598▼
Trade debts44-€598
Suppliers440/4-€598
Other amounts payable47/48€290,350€226,000▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,175€12,043▲
Other operating charges640/8€387€400▲
Non-recurring operating charges66A€300-
Gross operating margin9900€756€12,458▲
Operating profit (loss)9901-€5,107€15▲
Financial income75/76B€24-
Recurring financial income75€24-
Financial charges65/66B€125€54▼
Recurring financial charges65€125€54▼
Profit (loss) for the period before taxes9903-€5,208-€39▲
Profit (loss) for the period9904-€5,208-€39▲
Profit (loss) for the period to be appropriated9905-€5,208-€39▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,208-€5,247▼
Profit (loss) brought forward from the previous period14P--€5,208

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,175€12,043▲ 133%
Other operating charges640/8€387€400▲ 3.2%
Non-recurring operating charges66A€300--
Gross operating margin9900€756€12,458▲ 1,548%
Operating profit (loss)9901-€5,107€15▲ 100%
Financial income75/76B€24--
Recurring financial income75€24--
Financial charges65/66B€125€54▼ 56.8%
Recurring financial charges65€125€54▼ 56.8%
Profit (loss) for the period before taxes9903-€5,208-€39▲ 99.3%
Profit (loss) for the period9904-€5,208-€39▲ 99.3%
Profit (loss) for the period to be appropriated9905-€5,208-€39▲ 99.3%
Line20242025Change
Assets
Total assets20/58€290,142€226,351▼ 22.0%
Formation expenses20€586€293▼ 50.0%
Fixed assets21/28€233,974€222,224▼ 5.0%
Tangible fixed assets22/27€233,974€222,224▼ 5.0%
Land and buildings22€233,974€222,224▼ 5.0%
Current assets29/58€55,582€3,835▼ 93.1%
Amounts receivable within one year40/41€50,089€204▼ 99.6%
Other amounts receivable41€50,089€204▼ 99.6%
Cash at bank and in hand54/58€5,493€3,631▼ 33.9%
Equity and liabilities
Total equity and liabilities10/49€290,142€226,351▼ 22.0%
Equity10/15-€208-€247▼ 18.6%
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€5,208-€5,247▼ 0.7%
Amounts payable17/49€290,350€226,598▼ 22.0%
Amounts payable within one year42/48€290,350€226,598▼ 22.0%
Trade debts44-€598-
Suppliers440/4-€598-
Other amounts payable47/48€290,350€226,000▼ 22.2%
Line20242025Change
Profit (loss) for the period9904-€5,208-€39▲ 99.3%
+ Depreciation and write-downs630€5,175€12,043▲ 133%
Operating cash flow (approximation)-€33€12,004▲ 36,934%
Investment in fixed assets (approximation)--€293-
Change in cash--€1,862-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
12-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
31-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Waterloo · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
635 m²
Building footprint
70 m²
Parcel 25762G0137/00B000, Wallonia. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
PISUKE IMMO
Avenue des Lilas 12, 1410 WaterlooRenting and operating of own or leased residential real estate, excluding social housing
since 20232.356.741.593
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25762G0137/00B000 Wallonia 634 m² 1 · 70 m² -
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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
E-mail pierrevandj@skynet.beWaterloo
Phone 02/534.38.50Waterloo
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003047504
Registered 14-09-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.