Equity
PITopia has made a profit without a break since 2021.
PITopia has made a profit without a break since 2021.
The last five annual accounts were filed 31 to 120 days before the end of the period.
More equity than 89% of companies in advertising and market research. Sector median €58,792 · 8,622 companies.
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 73, micro). It does better than 67% of them on solvency, 33% on liquidity, 63% on profitability and 73% 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).
In July 2024, 17,811 companies had the same profile as PITopia has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of PITopia itself: 0.1% within 12 months.
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.
| 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 PITopia. 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.
Liquidity is ample, with a current ratio of 2.7 (2.55 in 2024), above the usual 1.5. Short-term debt is 30.5% and cash 9.9% of total assets. 30.5% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 80 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| PITopia Bruges | €560,638 | €134,548 | 69.5% | - |
| slidingdoors Bruges | €488,764 | €144,690 | 77.6% | - |
| EDC Immo Invest Jabbeke | €575,439 | €107,264 | 24.8% | - |
| SELEGUA Liège | €603,426 | €131,691 | 63.9% | - |
| JAILHOUSE Laakdal | €535,511 | €154,494 | 68.3% | - |
| PHARCOJAN Leuven | €516,126 | €156,505 | 75.8% | - |
| INTEGY Puurs-Sint-Amands | €575,787 | €162,509 | 94.2% | - |
These companies have the same main activity as PITopia: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €489,000 and €603,000, founded between 2012 and 2014.
PITopia files the micro format. That format states no turnover. The gross margin rose from €107 in 2014 to €134,548 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €190,000 and €490,000.
Higher than 65% of 8,615 companies in 2025.
Higher than 60% of 8,291 companies in 2025.
Higher than 56% of 8,400 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
560,638 | 443,944 | 411,627 | 371,149 | 277,766 | 183,455 | 164,357 | 114,516 | 168,609 | 182,162 | 137,028 | 72,819 | |
20 |
- | - | - | - | - | - | - | 0 | 671 | 3,355 | 6,040 | 8,724 | |
21/28 |
98,838 | 107,550 | 67,197 | 18,571 | 23,096 | 13,391 | 15,071 | 15,505 | 15,462 | 28,173 | 37,023 | 48,973 | |
21 |
0 | 167 | 517 | 1,430 | 2,342 | 3,255 | 2,250 | - | 0 | 0 | 0 | 0 | |
22/27 |
98,838 | 107,383 | 66,680 | 17,141 | 20,754 | 10,137 | 12,821 | 15,505 | 14,647 | 24,002 | 30,984 | 40,249 | |
22 |
37,915 | 39,350 | 40,785 | - | - | - | - | - | 0 | 0 | 0 | 0 | |
23 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
24 |
48,773 | 55,883 | 13,745 | 7,391 | 12,254 | 10,137 | 12,821 | 15,505 | 14,647 | 24,002 | 30,984 | 40,249 | |
26 |
12,150 | 12,150 | 12,150 | 9,750 | 8,500 | - | - | - | 0 | 0 | 0 | 0 | |
27 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
28 |
- | - | - | - | - | - | - | - | 815 | 815 | 0 | 0 | |
29/58 |
461,800 | 336,395 | 344,430 | 352,578 | 254,670 | 170,063 | 149,286 | 99,011 | 152,475 | 153,989 | 100,005 | 23,847 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | 0 | |
290 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
291 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
3 |
422 | 436 | 505 | 656 | 899 | 1,038 | 1,123 | 1,482 | 1,816 | 1,992 | 2,146 | 4,732 | |
30/36 |
422 | 436 | 505 | 656 | 899 | 1,038 | 1,123 | 1,482 | 1,816 | 1,992 | 2,146 | 4,732 | |
37 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
40/41 |
19,687 | 14,297 | 41,608 | 22,883 | 43,760 | 14,797 | 17,111 | 18,197 | 37,081 | 36,245 | 16,015 | 1,589 | |
40 |
16,444 | 7,359 | 34,364 | 22,123 | 43,754 | 14,797 | 12,953 | 12,607 | 33,398 | 36,108 | 16,015 | 1,589 | |
41 |
3,243 | 6,938 | 7,244 | 760 | 5 | - | 4,158 | 5,590 | 3,683 | 137 | 0 | 0 | |
50/53 |
385,154 | 283,450 | 282,727 | 167,343 | 97,453 | 90,000 | 69,750 | - | 0 | 0 | 70,000 | 0 | |
54/58 |
55,451 | 35,881 | 18,340 | 160,447 | 111,559 | 62,229 | 61,301 | 76,003 | 113,577 | 115,458 | 11,844 | 17,525 | |
490/1 |
1,086 | 2,330 | 1,250 | 1,250 | 1,000 | 2,000 | - | 3,329 | 0 | 294 | 0 | 0 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
560,638 | 443,944 | 411,627 | 371,149 | 277,766 | 183,455 | 164,357 | 114,516 | 168,609 | 182,162 | 137,028 | 72,819 | |
10/15 |
389,821 | 311,806 | 294,377 | 240,844 | 145,112 | 114,456 | 127,347 | 100,556 | 81,039 | 64,106 | 27,547 | -10,317 | |
10/11 |
3,000 | 3,000 | 3,000 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 6,200 | |
11 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
1100/10 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
12 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
13 |
386,821 | 308,806 | 291,377 | 222,244 | 126,512 | 108,747 | 108,747 | 81,956 | 62,439 | 45,506 | 31,664 | 0 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | 0 | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,205 | 447 | 0 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
1319 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
132 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
133 |
386,821 | 308,806 | 291,377 | 220,384 | 124,652 | 106,887 | 106,887 | 80,096 | 60,579 | 44,301 | 31,216 | 0 | |
14 |
0 | 0 | 0 | 0 | 0 | -12,890 | - | - | 0 | 0 | -22,717 | -22,717 | |
15 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
19 |
- | - | - | - | - | - | - | - | - | - | - | 0 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | 0 | |
160/5 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
160 |
- | - | - | - | - | - | - | - | 0 | - | - | - | |
161 |
- | - | - | - | - | - | - | - | 0 | - | - | - | |
162 |
- | - | - | - | - | - | - | - | 0 | - | - | - | |
163 |
- | - | - | - | - | - | - | - | 0 | - | - | - | |
164/5 |
- | - | - | - | - | - | - | - | 0 | - | - | - | |
168 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
17/49 |
170,817 | 132,138 | 117,250 | 130,305 | 132,654 | 68,999 | 37,010 | 13,960 | 87,570 | 118,056 | 109,482 | 83,136 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | 0 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | 0 | |
175 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
176 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
178/9 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
42/48 |
170,817 | 132,138 | 117,250 | 130,305 | 132,654 | 68,999 | 37,010 | 13,960 | 87,570 | 118,056 | 109,482 | 83,136 | |
42 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | 0 | |
430/8 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
439 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
44 |
961 | 413 | 4,998 | 482 | 10,699 | 248 | 2,284 | 3,919 | 1,661 | 2,060 | 2,926 | 494 | |
440/4 |
961 | 413 | 4,998 | 482 | 10,699 | 248 | 2,284 | 3,919 | 1,661 | 2,060 | 2,926 | 494 | |
441 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
46 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
45 |
28,823 | 11,870 | 10,060 | 42,806 | 36,226 | 13,356 | 5,695 | 6,144 | 36,023 | 43,500 | 19,956 | 3,365 | |
450/3 |
28,823 | 11,870 | 10,060 | 42,806 | 36,226 | 13,356 | 5,695 | 6,144 | 29,212 | 40,767 | 19,956 | 3,365 | |
454/9 |
- | - | - | - | - | - | - | - | 6,812 | 2,733 | 0 | 0 | |
47/48 |
141,033 | 119,854 | 102,192 | 87,017 | 85,729 | 55,395 | 29,031 | 3,897 | 49,886 | 72,496 | 86,600 | 79,277 | |
492/3 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
| Income statement | |||||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
76A |
0 | 7,149 | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
9900 |
134,548 | 70,405 | 130,929 | 177,396 | 90,276 | -6,489 | 44,960 | 50,480 | 87,737 | 91,713 | 64,245 | 107 | |
60/61 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
62 |
- | - | - | - | - | - | - | 15,065 | 43,098 | 16,848 | 0 | 0 | |
630 |
13,913 | 8,827 | 5,540 | 5,775 | 4,142 | 3,430 | 3,247 | 3,572 | 12,039 | 12,140 | 11,949 | 20,911 | |
631/4 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
635/8 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
640/8 |
665 | 651 | 1,388 | 1,467 | 1,039 | 1,077 | 1,233 | 1,478 | 1,735 | 2,559 | 660 | 1,698 | |
649 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
66A |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
9901 |
119,971 | 60,927 | 124,000 | 170,154 | 85,096 | -10,996 | 40,481 | 30,365 | 30,865 | 60,166 | 51,636 | -22,502 | |
75/76B |
2,510 | 1,444 | 1,088 | 1,543 | 1,123 | 5 | - | 114 | 0 | 716 | 0 | 6 | |
75 |
2,510 | 1,444 | 1,088 | 1,543 | 1,123 | 5 | - | 114 | 0 | 716 | 0 | 6 | |
76B |
- | - | - | - | - | - | - | - | 0 | - | - | - | |
65/66B |
8,897 | 8,359 | 561 | 8,385 | 2,882 | 1,704 | 1,065 | 1,849 | 3,018 | 4,026 | 4,291 | 34 | |
65 |
8,897 | 8,359 | 561 | 8,385 | 2,882 | 1,704 | 1,065 | 1,849 | 3,018 | 4,026 | 4,291 | 34 | |
66B |
- | - | - | - | - | - | - | - | 0 | - | - | - | |
9903 |
113,584 | 54,012 | 124,527 | 163,312 | 83,336 | -12,695 | 39,415 | 28,631 | 27,848 | 56,857 | 47,346 | -22,531 | |
67/77 |
35,569 | 17,066 | 39,116 | 54,495 | 21,464 | 195 | 11,812 | 8,314 | 10,915 | 20,297 | 15,682 | 186 | |
9904 |
78,015 | 36,946 | 85,411 | 108,817 | 61,872 | -12,890 | 27,603 | 20,317 | 16,933 | 36,559 | 31,664 | -22,717 | |
789 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
689 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
9905 |
78,015 | 36,946 | 85,411 | 108,817 | 61,872 | -12,890 | 27,603 | 20,317 | 16,933 | 36,559 | 31,664 | -22,717 | |
| Appropriation of the result | |||||||||||||
9906 |
78,015 | 36,946 | 85,411 | 108,817 | 48,982 | -12,890 | 27,603 | 20,317 | 16,933 | 13,842 | 8,947 | -22,717 | |
14P |
- | - | - | 0 | -12,890 | - | - | - | - | - | - | - | |
791/2 |
0 | 19,517 | 16,277 | 13,085 | 31,216 | - | - | - | 0 | 0 | 0 | 0 | |
691/2 |
78,015 | 36,946 | 85,411 | 108,817 | 48,982 | - | 26,791 | 19,517 | 16,933 | 13,842 | 31,664 | 0 | |
691 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
6920 |
- | - | - | - | - | - | - | - | 655 | 758 | 447 | 0 | |
6921 |
78,015 | 36,946 | 85,411 | 108,817 | 48,982 | - | 26,791 | 19,517 | 16,277 | 13,085 | 31,216 | 0 | |
694/7 |
0 | 19,517 | 16,277 | 13,085 | 31,216 | - | 812 | 800 | - | - | - | 0 | |
694 |
0 | 19,517 | 16,277 | 13,085 | 31,216 | - | 812 | 800 | 0 | 0 | 0 | 0 | |
695 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
696 |
- | - | - | - | - | - | - | - | 0 | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
- | - | - | - | - | - | - | 0.3 | - | 0.4 | - | - | |
Hours worked1013 |
- | - | - | - | - | - | - | 574 | - | 672 | - | - | |
| Document | |||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-04-2026 | 2026-00070691 | |
| 31-12-2024 | micro format | 30-04-2025 | 2025-00082707 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00174282 | |
| 31-12-2022 | micro format | 28-04-2023 | 2023-00070769 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20112395 | |
| 31-12-2020 | micro format | 23-04-2021 | 2021-10900480 | |
| 31-12-2019 | micro format | 04-05-2020 | 2020-10900186 | |
| 31-12-2018 | micro format | 07-06-2019 | 2019-16400400 | |
| 31-12-2017 | micro format | 27-02-2018 | 2018-05700223 | |
| 31-12-2016 | abbreviated format | 10-03-2017 | 2017-06100039 | |
| 31-12-2015 | abbreviated format | 18-02-2016 | 2016-04700308 | |
| 31-12-2014 | abbreviated format | 26-02-2015 | 2015-05200129 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 133,883 | 69,754 | 129,540 | 175,929 | 89,237 | -7,566 | 43,728 | 33,937 | 42,904 | 72,306 | 63,585 | -1,591 | ||
| 91,928 | 45,773 | 90,951 | 114,592 | 66,014 | -9,461 | 30,850 | 23,889 | 28,972 | 48,700 | 43,613 | -1,806 | ||
| 5,201 | 49,179 | 54,167 | 1,250 | 13,846 | 1,750 | 2,813 | 5,210 | 0 | 3,290 | 0 | 56,462 | ||
| 19,570 | 17,541 | -142,107 | 48,887 | 49,330 | 928 | -14,701 | -37,575 | -1,881 | 103,614 | -5,682 | - | ||
| 290,983 | 204,256 | 227,180 | 222,273 | 122,016 | 101,065 | 112,276 | 85,050 | 64,905 | 35,933 | -9,477 | -59,290 | ||
| 69.5% | 70.2% | 71.5% | 64.9% | 52.2% | 62.4% | 77.5% | 87.8% | 48.1% | 35.2% | 20.1% | -14.2% | ||
| 2.70 | 2.55 | 2.94 | 2.71 | 1.92 | 2.46 | 4.03 | 7.09 | 1.74 | 1.30 | 0.91 | 0.29 | ||
| 2.70 | 2.54 | 2.93 | 2.70 | 1.91 | 2.45 | 4.00 | 6.99 | 1.72 | 1.29 | 0.89 | 0.23 | ||
| 0.44 | 0.42 | 0.40 | 0.54 | 0.91 | 0.60 | 0.29 | 0.14 | 1.08 | 1.84 | 3.97 | - | ||
| 20.0% | 11.8% | 29.0% | 45.2% | 42.6% | -11.3% | 21.7% | 20.2% | 20.9% | 57.0% | 114.9% | - | ||
| 13.9% | 8.3% | 20.7% | 29.3% | 22.3% | -7.0% | 16.8% | 17.7% | 10.0% | 20.1% | 23.1% | -31.2% | ||
| 15.05 | 8.34 | over 100 | 20.98 | 30.96 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,201 | €49,179 | €54,167 | €1,250 | €13,846 |
| €13,913 | €8,827 | €5,540 | €5,775 | €4,142 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 97% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 29.8% to 30.5%. Equity and debt are higher.
PITopia has no parent and no holdings in its annual accounts. DHAEZE Els Marcella Roger is the only director.
| Devlies, Peter (sole trader)
establishment since 27-12-2022 |
founded in 2022 0795.457.111 |
| AXA BANK BELGIUM via Devlies Peter, no longer at AXA BANK BELGIUM, AFGEKORT : AXA BANK OF AXA BANQUE · Executive director · deed of 02-07-2019 Bankrupt |
total assets €26.26bn (2022) |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rombout de Dopperestraat 2 registered office 8200 Bruges | 10-04-2013 | 2.218.860.053 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31027D0070/00E000 | 1,360 m² | 1 · 221 m² | 19.3 m · 2 |
If something looks wrong or is missing, please tell us.