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PITCHU

Active
Private limited companyfounded 2014active for 12 yearsRue de Mariembourg(NEU) 1, 5600 Philippeville, BelgiumKBO/BCE: BE 0543.764.182
Summary

The computed 12-month bankruptcy probability of PITCHU is 4.5% (elevated). The 2024 annual accounts show negative equity (-€8,968) and a net result of -€550. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 1,236 sector peers (NACE 18, financial year 2024). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other printing
NACE 18120
1 site
Size
€263,668turnover 2024
Equity
-€8,968
Loss
-€550
Financial health
37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.5%
Structure
Accounts 70 days overdue0 of 3 deeds read
Why 37raises riskFigures for financial year 2024 (filed 28-09-2025)1 financial year not filed after the legal deadline; latest accounts 59 days late; 3 of the last 3 lateLiquidity: current ratio 0.62, cash €779, halvedlowers riskFounded in 2014Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 24% of its sector peers (NACE 18, micro)
Financial strength · tick = 2023
Weak
Solvency 7-5
equity -18.0% of total assets
Liquidity 2-5
short-term debt 110.1% · cash 1.6%
Profitability 42+18
return on assets -1.1%
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,608 companies, NACE 18, micro)
Last 24 months 11-2024: 3.1% 12-2024: 3.1%● unchanged vs 11-2024 01-2025: 3.1%● unchanged vs 12-2024 02-2025: 3.1%● unchanged vs 01-2025 03-2025: 3.3%▲ +0.2 percentage points vs 02-2025 04-2025: 3.3%● unchanged vs 03-2025 05-2025: 3.2%▼ -0.1 percentage points vs 04-2025 06-2025: 3.1%▼ -0.1 percentage points vs 05-2025 07-2025: 3.2%▲ +0.1 percentage points vs 06-2025 08-2025: 3.8%▲ +0.6 percentage points vs 07-2025 09-2025: 4.1%▲ +0.3 percentage points vs 08-2025 10-2025: 2.3%▼ -1.8 percentage points vs 09-2025lowest value 11-2025: 2.3%● unchanged vs 10-2025lowest value 12-2025: 2.3%● unchanged vs 11-2025lowest value 01-2026: 2.3%● unchanged vs 12-2025lowest value 02-2026: 2.3%● unchanged vs 01-2026lowest value 03-2026: 2.4%▲ +0.1 percentage points vs 02-2026 04-2026: 2.4%● unchanged vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.3%▼ -0.1 percentage points vs 05-2026 07-2026: 2.3%● unchanged vs 06-2026 08-2026: 3.0%▲ +0.7 percentage points vs 07-2026 09-2026: 3.4%▲ +0.4 percentage points vs 08-2026 10-2026: 4.5%▲ +1.1 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.62, compared with 0.72 in 2023; short-term debt: 110.1% and cash: 1.6% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 18, micro): better than 12% on solvency, 4% on liquidity, 27% on profitability and 52% on growth.

The bankruptcy probability was computed on 09-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Figures for financial year 2024 (filed 28-09-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 59 days late; 3 of the last 3 late
NBB · filings
lowers risk · Founded in 2014
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 0.62, cash €779, halved
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€8,968
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
59 days late
2023
92 days late
2022
39 days late
2021
5 days late
2020
59 days late
2019
73 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 55 days after the deadline; the sector median (NACE 18) for financial year 2024 is 5 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€8,968 View
  • Caution: Among the weakest 14% on equitysector median €64,109 · 1,238 companies -€8,968 View
  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
  • Caution: 2 loss-making years in a rowloss financial year 2024 -€550 View

By topic

Financials

Financial year
2024
Turnover
€263,668
Loss
-€550
Solvency
-18.0%
Turnover▲ 7.7%
Net result
20182024
Go to Financials

Timeline

Events
14
Since
2015
  1. 31-12-2022Highest result from 2018 to 2024
  2. 05-08-2022Annual accounts filed
  3. 31-12-2021Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other printingNACE 18120
Founded
03-01-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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