PitPoint.BE
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 10 filings
Turnover
€6.4m▼ 6.5%
2024 · €6.9m
EBIT margin
19.4%▲ 2.1pp
2024 · 17.4%
Net result
€1.2m▲ 3.2%
2024 · €1.2m
Working capital
-€4.7m▲ 29.5%
2024 · -€6.7m
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€6.4m
▼ 6.5%
2025
20182025
Operating result
€1.3m
▲ 4.7%
2025
20182025
Net result
€1.2m
▲ 3.2%
2025
highest quarter of the sector
20182025
EBIT margin
19.4%
▲ 2.1pp
2025
20182025
Equity
€1.2m
2025
middle half of the sector
20182025
Total assets
€9.4m
▼ 2.7%
2025
highest quarter of the sector
20182025
Debt
€8.0m
▼ 15.6%
2025
20182025
Working capital
-€4.7m
▲ 29.5%
2025
lowest quarter of the sector
20182025
Solvency
13.1%
▲ 13.1pp
2025
lowest quarter of the sector
20182025
Current ratio
0.40
▲ 0.13
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
13.3%
▲ 0.8pp
2025
highest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.7m€3.4m▲ 94.3%€6.0m▲ 77.9%€6.2m▲ 3.4%€6.9m▲ 11.9%€6.4m▼ 6.5%
Operating result-€0.9m--€1.0m▼ 9.5%-€1.1m▼ 5.5%-€0.7m▲ 31.0%-€1.7m▼ 125%€0.7m€1.2m▲ 81.4%€1.3m▲ 4.7%
Net result-€0.9m--€1.0m▼ 8.5%-€1.1mbelow the sector's middle half▼ 4.4%-€0.7mbelow the sector's middle half▲ 31.4%-€1.6mbelow the sector's middle half▼ 113%€0.8mabove the sector's middle half€1.2mabove the sector's middle half▲ 58.8%€1.2mabove the sector's middle half▲ 3.2%
EBIT margin-62.5%-22.2%▲ 40.3pp-28.1%▼ 5.9pp10.7%▲ 38.8pp17.4%▲ 6.7pp19.4%▲ 2.1pp
Equity€0.1m-€1.2m▲ 12×€0.5mwithin the sector's middle half▼ 55.5%-€0.2mbelow the sector's middle half-€1.8mbelow the sector's middle half▼ 648%-€1.2mbelow the sector's middle half▲ 35.2%-€0.002mbelow the sector's middle half▲ 99.8%€1.2mwithin the sector's middle half
Total assets€6.9m-€9.0m▲ 30.7%€11.2mabove the sector's middle half▲ 23.7%€11.8mabove the sector's middle half▲ 5.7%€10.5mabove the sector's middle half▼ 11.2%€10.1mabove the sector's middle half▼ 3.6%€9.6mabove the sector's middle half▼ 5.1%€9.4mabove the sector's middle half▼ 2.7%
Debt€6.8m-€7.9m▲ 15.2%€10.7m▲ 35.8%€12.1m▲ 13.1%€12.2m▲ 1.2%€11.2m▼ 8.1%€9.5m▼ 15.1%€8.0m▼ 15.6%
Working capital-€3.3m--€5.4m▼ 62.2%-€8.6mbelow the sector's middle half▼ 60.3%-€9.9mbelow the sector's middle half▼ 15.0%-€10.3mbelow the sector's middle half▼ 3.6%-€8.5mbelow the sector's middle half▲ 17.1%-€6.7mbelow the sector's middle half▲ 21.9%-€4.7mbelow the sector's middle half▲ 29.5%
Solvency1.4%-12.7%▲ 11.3pp4.6%below the sector's middle half▼ 8.2pp-2.1%below the sector's middle half▼ 6.7pp-17.5%below the sector's middle half▼ 15.4pp-11.8%below the sector's middle half▲ 5.7pp0.0%below the sector's middle half▲ 11.7pp13.1%below the sector's middle half▲ 13.1pp
Current ratio0.40-0.17▼ 0.230.11below the sector's middle half▼ 0.060.12below the sector's middle half▲ 0.010.11below the sector's middle half▼ 0.010.21below the sector's middle half▲ 0.100.28below the sector's middle half▲ 0.070.40below the sector's middle half▲ 0.13
Return on assets (ROA)-13.7%--11.3%▲ 2.3pp-9.6%below the sector's middle half▲ 1.8pp-6.2%below the sector's middle half▲ 3.4pp-14.9%below the sector's middle half▼ 8.7pp7.5%within the sector's middle half▲ 22.4pp12.5%above the sector's middle half▲ 5.0pp13.3%above the sector's middle half▲ 0.8pp
Staff (FTE)3.8-5.8▲ 52.6%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 5% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.4m
Fixed assets
€6.2m ▼ 12.7%
Current assets
€3.2m ▲ 25.0%
Equity and liabilities €9.4m
Equity
€1.2m
Provisions
€93,940
Debt
€8.0m
Debt's share of the balance-sheet total is 85.9%.
Key figures and ratios
EBITDA
€2.1m▲
2024 · €2.0m
Cash flow
€2.1m▲
2024 · €2.0m
Debt to equity
6.57
ROE
101.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€7.9m▼
2024 · €9.2m
Income taxes
€21,317
Customer credit
136 days▲
2024 · 134 days
Supplier credit
218 days▲
2024 · 130 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.4m | €865,555 | €123,909 | €9,162 | - |
| Depreciation and write-downs of the year | €842,356 | €959,808 | €882,669 | €845,584 | €844,417 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €7,500 | €8,500 | €8,925 | €9,280 | €11,570 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.4m | €6.0m | €6.5m | €8.1m | €7.7m | ▼ 4.7% |
| Turnover70 | - | - | €1.7m | €3.4m | €6.0m | €6.2m | €6.9m | €6.4m | ▼ 6.5% |
| Other operating income74 | - | - | - | €0.08m | €0.008m | - | €0.4m | €1.2m | ▲ 229% |
| Non-recurring operating income76A | - | - | - | - | - | €0.4m | €0.8m | €0.06m | ▼ 92.9% |
| Operating charges60/66A | - | - | - | €4.2m | €7.6m | €5.9m | €6.9m | €6.5m | ▼ 6.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €1.6m | €4.3m | €3.5m | €3.4m | €4.3m | ▲ 26.3% |
| Purchases600/8 | - | - | - | €1.6m | €4.3m | €3.5m | €3.4m | €4.3m | ▲ 26.3% |
| Services and other goods61 | - | - | - | €1.7m | €1.1m | €1.5m | €2.6m | €1.3m | ▼ 48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.4m | €0.6m | €0.8m | €1.0m | €0.9m | €0.8m | €0.8m | ▼ 0.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €0.1m | -€0.03m | - | - | - |
| Other operating charges640/8 | - | - | - | €456 | €0.007m | €315 | €0.02m | €0.04m | ▲ 74.3% |
| Non-recurring operating charges66A | - | - | - | - | €1.2m | - | €0.05m | - | - |
| Gross operating margin9900 | -€0.2m | -€0.1m | - | - | - | - | - | - | - |
| Operating profit (loss)9901 | -€0.9m | -€1.0m | -€1.1m | -€0.7m | -€1.7m | €0.7m | €1.2m | €1.3m | ▲ 4.7% |
| Financial income75/76B | - | - | - | €0.02m | €0.1m | €0.1m | €0.01m | €0.01m | ▼ 1.9% |
| Recurring financial income75 | €8 | €0.006m | €0.02m | €0.02m | €0.1m | €0.1m | €0.01m | €0.01m | ▼ 1.9% |
| Income from financial fixed assets750 | - | - | - | - | - | - | - | €36 | - |
| Other financial income752/9 | - | - | - | €0.02m | €0.1m | €0.1m | €0.01m | €0.01m | ▼ 2.1% |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.007m | ▼ 31.6% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.009m | €0.01m | €0.01m | €0.01m | €0.01m | €0.007m | ▼ 31.6% |
| Debt charges650 | - | - | €0.009m | €0.01m | €0.01m | €0.01m | €0.009m | €0.007m | ▼ 27.1% |
| Other financial charges652/9 | - | - | - | €0.002m | €0.001m | €246 | €0.001m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.9m | -€1.0m | -€1.1m | -€0.7m | -€1.6m | €0.8m | €1.2m | €1.3m | ▲ 4.9% |
| Income taxes67/77 | - | - | €0.004m | - | - | €0.001m | - | €0.02m | - |
| Taxes670/3 | - | - | - | - | - | €0.001m | - | €0.02m | - |
| Profit (loss) for the period9904 | -€0.9m | -€1.0m | -€1.1m | -€0.7m | -€1.6m | €0.8m | €1.2m | €1.2m | ▲ 3.2% |
| Profit (loss) for the period to be appropriated9905 | -€0.9m | -€1.0m | -€1.1m | -€0.7m | -€1.6m | €0.8m | €1.2m | €1.2m | ▲ 3.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.9m | €9.0m | €11.2m | €11.8m | €10.5m | €10.1m | €9.6m | €9.4m | ▼ 2.7% |
| Fixed assets21/28 | €4.7m | €7.9m | €10.1m | €10.5m | €9.2m | €7.9m | €7.1m | €6.2m | ▼ 12.7% |
| Tangible fixed assets22/27 | €4.7m | €7.9m | €10.1m | €10.5m | €9.2m | €7.9m | €7.1m | €6.2m | ▼ 12.7% |
| Plant, machinery and equipment23 | - | - | - | €9.9m | €9.1m | €7.9m | €7.0m | €6.1m | ▼ 12.7% |
| Assets under construction and advance payments27 | - | - | - | €0.6m | €0.1m | €0.05m | €0.04m | €0.04m | = |
| Financial fixed assets28 | €0.008m | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Other financial fixed assets284/8 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Current assets29/58 | €2.2m | €1.1m | €1.1m | €1.3m | €1.3m | €2.2m | €2.5m | €3.2m | ▲ 25.0% |
| Stocks and contracts in progress3 | - | €0.07m | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.5m | €0.9m | €1.3m | €1.3m | €1.9m | €2.5m | €2.6m | ▲ 1.9% |
| Trade receivables40 | - | - | - | €1.2m | €1.1m | €1.9m | €2.5m | €2.4m | ▼ 5.4% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.2m | - | - | €0.2m | - |
| Cash at bank and in hand54/58 | €2.0m | €0.1m | €0.2m | €0.002m | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.3m | €0.005m | €0.6m | ▲ 110× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.9m | €9.0m | €11.2m | €11.8m | €10.5m | €10.1m | €9.6m | €9.4m | ▼ 2.7% |
| Equity10/15 | €0.1m | €1.2m | €0.5m | -€0.2m | -€1.8m | -€1.2m | -€0.002m | €1.2m | - |
| Contributions10/11 | €2.0m | €4.0m | - | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Profit (loss) carried forward14 | -€1.9m | -€2.9m | -€3.8m | -€4.5m | -€6.1m | -€5.3m | -€4.1m | -€2.9m | ▲ 30.0% |
| Investment grants15 | - | - | - | €0.3m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 12.7% |
| Provisions and deferred taxes16 | - | €0.03m | - | - | €0.1m | €0.09m | €0.09m | €0.09m | = |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0.1m | €0.09m | €0.09m | €0.09m | = |
| Other liabilities and charges164/5 | - | - | - | - | €0.1m | €0.09m | €0.09m | €0.09m | = |
| Amounts payable17/49 | €6.8m | €7.9m | €10.7m | €12.1m | €12.2m | €11.2m | €9.5m | €8.0m | ▼ 15.6% |
| Amounts payable within one year42/48 | €5.6m | €6.5m | €9.7m | €11.3m | €11.6m | €10.7m | €9.2m | €7.9m | ▼ 14.5% |
| Financial debts43 | - | - | - | - | - | €0.05m | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €0.05m | - | - | - |
| Trade debts44 | €0.5m | €0.8m | €1.4m | €1.5m | €1.7m | €1.6m | €1.2m | €2.5m | ▲ 111% |
| Suppliers440/4 | - | - | - | €1.5m | €1.7m | €1.6m | €1.2m | €2.5m | ▲ 111% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.05m | €0.2m | €0.02m | ▼ 90.5% |
| Taxes450/3 | - | - | - | - | - | €0.05m | €0.2m | €0.02m | ▼ 90.5% |
| Other amounts payable47/48 | - | - | - | €9.8m | €9.9m | €9.1m | €7.8m | €5.3m | ▼ 31.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.8m | €0.6m | €0.5m | €0.3m | €0.2m | ▼ 49.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.9m | -€1.0m | -€1.1m | -€0.7m | -€1.6m | €0.8m | €1.2m | €1.2m | ▲ 3.2% |
| + Depreciation and write-downs630 | €0.3m | €0.4m | €0.6m | €0.8m | €1.0m | €0.9m | €0.8m | €0.8m | ▼ 0.1% |
| Operating cash flow (approximation) | -€0.6m | -€0.6m | -€0.5m | €0.1m | -€0.6m | €1.6m | €2.0m | €2.1m | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | -€3.6m | -€2.8m | -€1.2m | €0.3m | €0.4m | -€0.002m | €0.05m | - |
| Change in cash | - | -€1.9m | €0.06m | -€0.2m | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 172 companies had the same profile as PitPoint.BE has now. Two years later, 96.5% were still going and 0.0% had gone bankrupt.
- Medium-sized
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.5%
stopped otherwise
0.0%
went bankrupt
The bankruptcy probability of PitPoint.BE itself is higher: 0.8% within 12 months. It rests on far more data about PitPoint.BE than the profile alone.
Test of the method
The method was tested on the 497,446 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 172 companies, not a prediction for PitPoint.BE. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 17-06-2026 | 2026-00177767 | |
| 31-12-2024 | full format | 02-07-2025 | 2025-00224596 | |
| 31-12-2023 | full format | 01-08-2024 | 2024-00324798 | |
| 31-12-2022 | full format | 19-06-2023 | 2023-00153753 | |
| 31-12-2021 | full format | 20-06-2022 | 2022-20126774 | |
| 31-12-2020 | full format | 01-07-2021 | 2021-28700436 | |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-34800550 | |
| 31-12-2018 | abbreviated format | 10-07-2019 | 2019-30900554 | |
| 31-12-2017 | abbreviated format | 11-07-2018 | 2018-31400484 | |
| 31-12-2016 | abbreviated format | 28-06-2017 | 2017-23300482 |