PiVer
ActiveSummary
PiVer has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €254k and a net result of €25k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 94% of 647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 17.35 against 16.78 in 2024; short-term debt: 5.5% and cash: 21.1% of total assets), and 5.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.2%
Return on assets
9.3%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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
4 d late
2024
28 d early
2023
27 d late
2022
on the day
2021
30 d early
2020
36 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€254k▼ 2.1%
2024 · €259k
2018: €132klowest in 8 years
2019: €163k▲ +23.1% vs 2018
2020: €183k▲ +12.3% vs 2019
2021: €204k▲ +11.6% vs 2020
2022: €221k▲ +8.2% vs 2021
2023: €250k▲ +13.0% vs 2022
2024: €259k▲ +3.9% vs 2023highest in 8 years
2025: €254k▼ -2.1% vs 2024
2018 → 2025
Total assets
€270k▼ 1.9%
2024 · €275k
2018: €157klowest in 8 years
2019: €183k▲ +16.9% vs 2018
2020: €204k▲ +11.2% vs 2019
2021: €221k▲ +8.4% vs 2020
2022: €236k▲ +6.8% vs 2021
2023: €266k▲ +12.6% vs 2022
2024: €275k▲ +3.3% vs 2023highest in 8 years
2025: €270k▼ -1.9% vs 2024
2018 → 2025
Net result
€25k▼ 26.5%
2024 · €34k
2018: €24k
2019: €31k▲ +25.1% vs 2018
2020: €31k▲ +1.0% vs 2019
2021: €21k▼ -31.2% vs 2020lowest in 8 years
2022: €48k▲ +128% vs 2021
2023: €54k▲ +10.9% vs 2022highest in 8 years
2024: €34k▼ -36.5% vs 2023
2025: €25k▼ -26.5% vs 2024
2018 → 2025
Working capital
€243k▲ 0.3%
2024 · €242k
2018: €112klowest in 8 years
2019: €145k▲ +29.4% vs 2018
2020: €162k▲ +11.5% vs 2019
2021: €191k▲ +18.4% vs 2020
2022: €217k▲ +13.2% vs 2021
2023: €226k▲ +4.6% vs 2022
2024: €242k▲ +7.0% vs 2023
2025: €243k▲ +0.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€204k-€221k▲ 8.2%€250k▲ 13.0%€259k▲ 3.9%€254k▼ 2.1%
2021: €204klowest in 5 years
2022: €221k▲ +8.2% vs 2021
2023: €250k▲ +13.0% vs 2022
2024: €259k▲ +3.9% vs 2023highest in 5 years
2025: €254k▼ -2.1% vs 2024
Operating result€28k-€69k▲ 146%€79k▲ 14.0%€50k▼ 36.2%€37k▼ 26.9%
2021: €28klowest in 5 years
2022: €69k▲ +146% vs 2021
2023: €79k▲ +14.0% vs 2022highest in 5 years
2024: €50k▼ -36.2% vs 2023
2025: €37k▼ -26.9% vs 2024
Net result€21k-€48k▲ 128%€54k▲ 10.9%€34k▼ 36.5%€25k▼ 26.5%
2021: €21klowest in 5 years
2022: €48k▲ +128% vs 2021
2023: €54k▲ +10.9% vs 2022highest in 5 years
2024: €34k▼ -36.5% vs 2023
2025: €25k▼ -26.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270k
Fixed assets
€12k ▼ 31.3%
Current assets
€258k =
Equity and liabilities €270k
Equity
€254k ▼ 2.1%
Debt
€16k ▲ 2.0%
Debt's share of the balance-sheet total rises from 5.6% to 5.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€42k▼
2024 · €56k
Cash flow
€30k▼
2024 · €40k
Current ratio
17.35▲
2024 · 16.78
Quick ratio
16.44▲
2024 · 15.76
Debt to equity
0.06▲
2024 · 0.06
ROE
9.9%▼
2024 · 13.1%
ROA
9.3%▼
2024 · 12.4%
Interest coverage
43.08▼
2024 · 227.23
Debt ≤ 1 year
€15k▼
2024 · €15k
Income taxes
€12k▼
2024 · €17k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€275k€270k▼
Fixed assets21/28€17k€12k▼
Tangible fixed assets22/27€17k€12k▼
Furniture and vehicles24€17k€12k▼
Current assets29/58€258k€258k=
Stocks and contracts in progress3€16k€14k▼
Stocks30/36€16k€14k▼
Amounts receivable within one year40/41€21k€22k▲
Trade receivables40€10k€17k▲
Other amounts receivable41€11k€5k▼
Current investments50/53€155k€165k▲
Cash at bank and in hand54/58€66k€57k▼
Deferred charges and accrued income490/1€519€548▲
Equity and liabilities
Total equity and liabilities10/49€275k€270k▼
Equity10/15€259k€254k▼
Contributions10/11€12k€12k=
Reserves13€246k€240k▼
Distributable reserves133€246k€240k▼
Profit (loss) carried forward14€1k€1k▲
Amounts payable17/49€15k€16k▲
Amounts payable within one year42/48€15k€15k▼
Trade debts44€252-
Suppliers440/4€252-
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€11k€12k▲
Accrued charges and deferred income492/3-€806
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€810€834▲
Gross operating margin9900€57k€43k▼
Operating profit (loss)9901€50k€37k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€247€975▲
Recurring financial charges65€247€975▲
Profit (loss) for the period before taxes9903€51k€37k▼
Income taxes67/77€17k€12k▼
Profit (loss) for the period9904€34k€25k▼
Profit (loss) for the period to be appropriated9905€34k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€26k▼
Profit (loss) brought forward from the previous period14P€1k€1k▲
Transfer from equity791/2€24k€31k▲
Transfer to equity691/2€34k€25k▼
To other reserves6921€34k€25k▼
Profit to be distributed694/7€24k€31k▲
Return on contributions (dividend)694€24k€31k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €3k | €6k | €5k | ▼ 11.5% |
| Other operating charges640/8 | €706 | €713 | €1k | €810 | €834 | ▲ 3.0% |
| Gross operating margin9900 | €37k | €78k | €83k | €57k | €43k | ▼ 24.8% |
| Operating profit (loss)9901 | €28k | €69k | €79k | €50k | €37k | ▼ 26.9% |
| Financial income75/76B | €1k | €3k | €1k | €1k | €2k | ▲ 72.0% |
| Recurring financial income75 | €1k | €3k | €1k | €1k | €2k | ▲ 72.0% |
| Financial charges65/66B | €225 | €140 | €709 | €247 | €975 | ▲ 295% |
| Recurring financial charges65 | €225 | €140 | €709 | €247 | €975 | ▲ 295% |
| Profit (loss) for the period before taxes9903 | €29k | €71k | €79k | €51k | €37k | ▼ 26.4% |
| Income taxes67/77 | €8k | €23k | €25k | €17k | €12k | ▼ 26.3% |
| Profit (loss) for the period9904 | €21k | €48k | €54k | €34k | €25k | ▼ 26.5% |
| Profit (loss) for the period to be appropriated9905 | €21k | €48k | €54k | €34k | €25k | ▼ 26.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221k | €236k | €266k | €275k | €270k | ▼ 1.9% |
| Fixed assets21/28 | €13k | €5k | €23k | €17k | €12k | ▼ 31.3% |
| Tangible fixed assets22/27 | €13k | €5k | €23k | €17k | €12k | ▼ 31.3% |
| Plant, machinery and equipment23 | €212 | - | - | - | - | - |
| Furniture and vehicles24 | €13k | €5k | €23k | €17k | €12k | ▼ 31.3% |
| Current assets29/58 | €208k | €232k | €243k | €258k | €258k | = |
| Stocks and contracts in progress3 | €19k | €19k | €17k | €16k | €14k | ▼ 12.8% |
| Stocks30/36 | €19k | €19k | €17k | €16k | €14k | ▼ 12.8% |
| Amounts receivable within one year40/41 | €22k | €22k | €14k | €21k | €22k | ▲ 4.9% |
| Trade receivables40 | €18k | €16k | €10k | €10k | €17k | ▲ 74.6% |
| Other amounts receivable41 | €4k | €7k | €4k | €11k | €5k | ▼ 58.4% |
| Current investments50/53 | €110k | €121k | €130k | €155k | €165k | ▲ 6.5% |
| Cash at bank and in hand54/58 | €58k | €69k | €81k | €66k | €57k | ▼ 13.6% |
| Deferred charges and accrued income490/1 | - | €477 | €511 | €519 | €548 | ▲ 5.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221k | €236k | €266k | €275k | €270k | ▼ 1.9% |
| Equity10/15 | €204k | €221k | €250k | €259k | €254k | ▼ 2.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €191k | €207k | €236k | €246k | €240k | ▼ 2.3% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €189k | €205k | €236k | €246k | €240k | ▼ 2.3% |
| Profit (loss) carried forward14 | €1k | €1k | €1k | €1k | €1k | ▲ 2.0% |
| Amounts payable17/49 | €17k | €15k | €16k | €15k | €16k | ▲ 2.0% |
| Amounts payable within one year42/48 | €17k | €15k | €16k | €15k | €15k | ▼ 3.3% |
| Trade debts44 | €2k | €11 | €46 | €252 | - | - |
| Suppliers440/4 | €2k | €11 | €46 | €252 | - | - |
| Taxes, remuneration and social security45 | €7k | €6k | €6k | €4k | €3k | ▼ 36.3% |
| Taxes450/3 | €5k | €6k | €6k | €4k | €3k | ▼ 36.3% |
| Remuneration and social security454/9 | €2k | - | - | - | - | - |
| Other amounts payable47/48 | €9k | €9k | €10k | €11k | €12k | ▲ 12.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €806 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €48k | €54k | €34k | €25k | ▼ 26.5% |
| + Depreciation and write-downs630 | €8k | €8k | €3k | €6k | €5k | ▼ 11.5% |
| Operating cash flow (approximation) | €30k | €57k | €57k | €40k | €30k | ▼ 24.2% |
| Investment in fixed assets (approximation) | - | €1 | €-22k | €0 | €0 | - |
| Change in cash | - | €11k | €12k | €-15k | €-9k | ▲ 39.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Highest result since 2018net €54k ▲10.9%
Operating result €79k, net result €54k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €21k ▼31.2%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €204k ▲11.6%
4 profitable years in a row build equity to €204k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Equity above €150kEq €163k ▲23.1%
2 profitable years in a row build equity to €163k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Gembloux · 1 establishment unit since 2010
Ground area
1,944 m²
Building footprint
285 m²
Parcel 92253D0657/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Trichon, Sauv. 189, 5030 Gembloux
since 20102.184.479.095
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0657/00N000 | Wallonia | 1,944 m² | 1 · 285 m² | - |
Linked by address, not proof of ownership
Good to know
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 1,249 companies in sector 32500 we hold annual accounts for 695. 534 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
32500Manufacture of medical and dental instruments and supplies
Scores and ratios are computed by Checked and are not a credit decision.