PITCON
ActiveSummary
PITCON has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €501k and a net result of €75k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
95
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 92.22 against 23.06 in 2023; short-term debt: 1% and cash: 46.2% of total assets), and 1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
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 2024Solvency, return and age of the figures
Solvency
99%
Return on assets
14.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
32 d early
2021
31 d early
2020
37 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€501k▲ 17.5%
2023 · €426k
2018: €190k
2019: €150k
2020: €222k
2021: €287k
2022: €349k
2023: €426k
2018 → 2024
Total assets
€506k▲ 14.1%
2023 · €444k
2018: €199k
2019: €151k
2020: €234k
2021: €316k
2022: €368k
2023: €444k
2018 → 2024
Net result
€75k▼ 3.8%
2023 · €78k
2018: €56k
2019: €65k
2020: €72k
2021: €65k
2022: €62k
2023: €78k
2018 → 2024
Working capital
€472k▲ 23.4%
2023 · €382k
2018: €184k
2019: €147k
2020: €219k
2021: €285k
2022: €290k
2023: €382k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€222k-€287k▲ 29.4%€349k▲ 21.5%€426k▲ 22.2%€501k▲ 17.5%
Operating result€90k-€90k▲ 0.7%€87k▼ 3.5%€111k▲ 26.8%€99k▼ 10.4%
Net result€72k-€65k▼ 8.8%€62k▼ 5.5%€78k▲ 25.8%€75k▼ 3.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €506k
Fixed assets
€29k ▼ 33.8%
Current assets
€477k ▲ 19.4%
Equity and liabilities €506k
Equity
€501k ▲ 17.5%
Debt
€5k ▼ 70.1%
Debt's share of the balance-sheet total falls from 3.9% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114k▼
2023 · €126k
Cash flow
€89k▼
2023 · €93k
Current ratio
92.22▲
2023 · 23.06
Debt to equity
0.01▼
2023 · 0.04
ROE
14.9%▼
2023 · 18.2%
ROA
14.7%▼
2023 · 17.5%
Interest coverage
1392.08▲
2023 · 1349.36
Debt ≤ 1 year
€5k▼
2023 · €17k
Income taxes
€25k▼
2023 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€444k€506k▲
Fixed assets21/28€44k€29k▼
Tangible fixed assets22/27€44k€29k▼
Plant, machinery and equipment23€920€805▼
Furniture and vehicles24€43k€28k▼
Current assets29/58€400k€477k▲
Amounts receivable within one year40/41€29k€40k▲
Trade receivables40€17k€19k▲
Other amounts receivable41€12k€22k▲
Current investments50/53-€200k
Cash at bank and in hand54/58€368k€234k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€444k€506k▲
Equity10/15€426k€501k▲
Contributions10/11€13k€13k=
Reserves13€255k€330k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€253k€328k▲
Profit (loss) carried forward14€158k€158k=
Amounts payable17/49€17k€5k▼
Amounts payable within one year42/48€17k€5k▼
Financial debts43-€157
Credit institutions430/8-€157
Trade debts44€545€1k▲
Suppliers440/4€545€1k▲
Taxes, remuneration and social security45€17k€4k▼
Taxes450/3€13k€0▼
Remuneration and social security454/9€4k€4k▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€741€528▼
Gross operating margin9900€126k€114k▼
Operating profit (loss)9901€111k€99k▼
Financial income75/76B€242€910▲
Recurring financial income75€242€910▲
Financial charges65/66B€93€82▼
Recurring financial charges65€93€82▼
Profit (loss) for the period before taxes9903€111k€100k▼
Income taxes67/77€33k€25k▼
Profit (loss) for the period9904€78k€75k▼
Profit (loss) for the period to be appropriated9905€78k€75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€236k€233k▼
Profit (loss) brought forward from the previous period14P€158k€158k=
Transfer to equity691/2€78k€75k▼
To other reserves6921€78k€75k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 92.22
Current ratio from 23.06 to 92.22; short-term debt falls from €17k to €5k.
31-12
Financial
Equity above €500kEq €501k ▲17.5%
7 profitable years in a row build equity to €501k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €78k ▲25.8%
Operating result €111k, net result €78k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €222k ▲47.6%
3 profitable years in a row build equity to €222k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 9current ratio 201.70
Current ratio from 22.09 to 201.70; short-term debt falls from €9k to €730.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
Show earlier events
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Buggenhout · 1 establishment unit since 2011
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.
Vogelzangstraat 59255 BuggenhoutGround area
481 m²
Building footprint
106 m²
Volume, LiDAR
582 m³
Parcel 42522B0346/00H000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PITCON
since 20112.199.550.521
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42522B0346/00H000 | Flanders | 481 m² | 1 · 106 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 5,474 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.