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PITCON

Active Private limited companyfounded 2011active for 15 yearsVogelzangstraat 5, 9255 BuggenhoutKBO/BCE: BE 0836.495.930 #5 company by equity in Buggenhout, Telecoms and IT sector

Lifetime

14 annual accounts with figures on one time axis
peak €141,568 (2025)
€141,568▲ 23.7%
peak €89,861 (2025)
€89,861▲ 20.5%
peak €590,696 (2025)
€590,696▲ 17.9%
€26,094▲ 405%
Board1 name since 2011
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €114,470 to €141,568Equity from €500,836 to €590,696Debts from €5,171 to €26,094

Key points

from the 2025 annual accounts

Equity

€590,696 ▲ 17.9%

PITCON has made a profit in every financial year since 2012.

Liquidity

22.70 was 92.22 in 2024

Short-term debts rose from €5,171 to €26,094.

Filings

14 annual accounts since 2012
AprilJune31 JulyOctober201520202025

The 2018 accounts came 20 days late. The other nine of the last ten were filed on time.

Checked score

96
Excellent
Financially stronger than 72% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026highest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 95.8% of total assets
98-2short-term debt 4.2% · cash 38.1%
87=return on assets 14.6%

Score breakdown

lowers risk
Liquidity: current ratio 22.70, cash €234,803
Equity €590,696 (95.8% of total assets)
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €616,791
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 (NACE 62, micro). It does better than 85% of them on solvency, 89% on liquidity, 50% on profitability and 64% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 17,811 companies had the same profile as PITCON has now. Each dot stands for 45 companies, two years later.

96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of PITCON itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,811 companies, not a prediction for PITCON. 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.

Credit verdict

Credit of up to €55,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 22.7 (92.22 in 2024), above the usual 1.5. Short-term debt is 4.2% and cash 38.1% of total assets. 4.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 22.70, cash €234,803
NBB · annual accounts
lowers risk · Equity €590,696 (95.8% of total assets)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: total assets €616,791
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
31 days early
2023
30 days early
2022
32 days early
2021
31 days early
2020
37 days early
2019
35 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed 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 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PR
Director, since 11-05-2011
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0836495930
Amendment of the articles · Legal-form change · Resignations & appointments Change of role: PIESSENS Rudy Gabriel Rosa, from manager to director · Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: PIESSENS Rudy Gabriel Rosa (manager) · General meeting of 13-01-2023 · Gazette deed
Incorporation published on 06-06-2011 · Gazette deed
First establishment Vogelzangstraat 5, Buggenhout
All 28 events

Comparable companies

same main activity, similar in size and age
Company
PITCON Buggenhout €616,791 €141,568 95.8% -
Teleweb Zele €604,663 €131,565 20.4% -
PARTHEAS Aalst €562,153 €139,838 26.5% -
HL Consulting Oudenaarde €652,119 €141,782 58.1% -
Stor - it Ghent €557,328 €152,915 94.5% -
ONYX VIRTUAL ACADEMY Hamme (Vl.) €566,420 €119,445 -132.4% 14
ELMD Sint-Gillis (bij-Brussel) €637,517 €127,273 35.7% -

These companies have the same main activity as PITCON: computer programming (NACE 62100). They are comparable in size and age: total assets between €557,000 and €652,000, founded between 2009 and 2012.

Official details

Source: KBO
Status
Active since 24-05-2011Normal situation
Activity
Computer programmingNACE 62100and 1 other
Establishment unit
2.199.550.5219255 Buggenhout, since 11-05-2011
Financial year end
31 December
Peppol
Reachable since 30-10-2025
Company details

Annual accounts 2025

≈ €200,000estimated
€616,791▲ 21.9%
Filing
Filed on 30-06-2026, 31 days before the end of the filing period
Financials

Insights on PITCON

PITCON files the micro format. That format states no turnover. The gross margin rose from €104,736 in 2012 to €141,568 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about PITCON

What is the company number of PITCON?
The company number of PITCON is 0836.495.930. The VAT number is the same number with BE in front: BE 0836.495.930.
Where is PITCON based?
The registered office is at Vogelzangstraat 5, 9255 Buggenhout.Company details
What does PITCON do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of PITCON?
PITCON is a private limited company (BV).
When was PITCON founded?
PITCON was founded on 24-05-2011.
Is PITCON still active?
Yes, PITCON is an active enterprise in the KBO register.
What is the turnover of PITCON?
The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €141,568 and 32 comparable companies (NACE 62100). It probably lies between €180,000 and €300,000.Financials
Is PITCON profitable?
In financial year 2025, PITCON made a profit of €89,861.
Where can I find the annual accounts of PITCON?
PITCON filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PITCON due?
PITCON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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