PITTORI
ActiveSummary
PITTORI has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69k and a net result of €1k. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability23▲+5
Solvency42▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.22 against 0.15 in 2023; short-term debt: 82.6% and cash: 0.4% of total assets), and 82.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17.4%
Return on assets
0.3%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €69k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
20 d late
2022
20 d early
2021
22 d late
2020
9 d late
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€69k▲ 1.8%
2023 · €67k
2018: €91k
2019: €85k
2020: €95k
2021: €83k
2022: €60k
2023: €67k
2018 → 2024
Total assets
€393k▲ 7.7%
2023 · €365k
2018: €336k
2019: €356k
2020: €378k
2021: €408k
2022: €360k
2023: €365k
2018 → 2024
Net result
€1k
2023 · €-2k
2018: €4k
2019: €-6k
2020: €10k
2021: €-12k
2022: €-23k
2023: €-2k
2018 → 2024
Working capital
€-253k▲ 0.5%
2023 · €-254k
2018: €-209k
2019: €-217k
2020: €-229k
2021: €-242k
2022: €-261k
2023: €-254k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€95k-€83k▼ 12.5%€60k▼ 27.3%€67k▲ 11.7%€69k▲ 1.8%
Operating result€16k-€-12k€-23k▼ 91.8%€-2k▲ 90.7%€203
Net result€10k-€-12k€-23k▼ 90.8%€-2k▲ 91.4%€1k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €203 after a loss of €2k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393k
Fixed assets
€321k =
Current assets
€72k ▲ 64.6%
Equity and liabilities €393k
Equity
€69k ▲ 1.8%
Debt
€324k ▲ 9.0%
Debt's share of the balance-sheet total rises from 81.6% to 82.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€336▲
2023 · €-2k
Cash flow
€1k▲
2023 · €-1k
Current ratio
0.22▲
2023 · 0.15
Debt to equity
4.73▲
2023 · 4.42
ROE
1.8%▲
2023 · -2.9%
ROA
0.3%▲
2023 · -0.5%
Interest coverage
0.46▲
2023 · -1.82
Debt ≤ 1 year
€324k▲
2023 · €298k
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 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€365k€393k▲
Fixed assets21/28€322k€321k=
Tangible fixed assets22/27€339€206▼
Furniture and vehicles24€339€206▼
Financial fixed assets28€321k€321k=
Current assets29/58€43k€72k▲
Amounts receivable after more than one year29€30k€30k=
Trade receivables290€30k€30k=
Amounts receivable within one year40/41€11k€40k▲
Trade receivables40€11k€40k▲
Other amounts receivable41€15-
Cash at bank and in hand54/58€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€365k€393k▲
Equity10/15€67k€69k▲
Contributions10/11€15k€15k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€50k€51k▲
Amounts payable17/49€298k€324k▲
Amounts payable within one year42/48€298k€324k▲
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Taxes, remuneration and social security45€11k€11k▲
Taxes450/3€11k€11k▲
Other amounts payable47/48€285k€303k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€576€134▼
Other operating charges640/8€2k€781▼
Gross operating margin9900€565€1k▲
Operating profit (loss)9901€-2k€203▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€846€734▼
Recurring financial charges65€846€734▼
Profit (loss) for the period before taxes9903€-2k€1k▲
Income taxes67/77€282-
Profit (loss) for the period9904€-2k€1k▲
Profit (loss) for the period to be appropriated9905€-2k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€51k▲
Profit (loss) brought forward from the previous period14P€52k€50k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-07
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
2 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, Retie · 1 establishment unit since 2012
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.
Molsebaan 452470 RetieGround area
935 m²
Building footprint
185 m²
Volume, LiDAR
850 m³
Parcel 13036E0004/00N000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Molsebaan 45, 2470 Retie
since 20122.206.791.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036E0004/00N000 | Flanders | 935 m² | 1 · 185 m² | 7.9 m · 1 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.
Similar companies · same sector, comparable size
NOVIRTUA
BE 0899.119.427
Walcourt · Eq €68,912
VICOMTE DU ZOUTE
BE 0699.814.616
Knokke-Heist · Eq €69,343
Tok!Binnen
BE 0757.539.019
Maarkedal · Eq €67,474
NGC
BE 0535.933.908
Maasmechelen · Eq €71,282
7Floors
BE 0750.814.642
Chaumont-Gistoux · Eq €65,609
Of 1,137 companies in sector 46130 we hold annual accounts for 646. 507 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
Founded12-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.