Equity
PiVer paid out €30,600 in dividends. That is 122% of the 2025 profit.
PiVer paid out €30,600 in dividends. That is 122% of the 2025 profit.
Four of the last ten came late. The 2023 accounts came latest: 27 days after the end of the period.
Higher solvency than 95% of companies in other manufacturing. Sector median 41.3% · 841 companies.
In July 2024, 34,691 companies had the same profile as PiVer has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 34,691 companies, not a prediction for PiVer. 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.
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.
| Company | ||||
|---|---|---|---|---|
| PiVer Gembloux | €269,506 | €42,854 | 94.2% | - |
| EEN2ZES Ghent | €257,544 | €48,794 | 57.0% | - |
| SD ONE Westerlo | €240,040 | €50,730 | 87.2% | - |
| DENTAL HARMONY Lennik | €375,355 | €40,639 | 36.8% | - |
| DENTAL IMPRO Schoten | €219,953 | €44,305 | -33.8% | - |
| DENTAAL LABO DE KERPEL Koksijde | €234,313 | €55,587 | 66.4% | - |
| KERADENTAL Grimbergen | €245,633 | €26,902 | 51.4% | - |
These companies have the same main activity as PiVer: manufacture of medical and dental instruments and supplies (NACE 32500). They are comparable in size and age: total assets between €220,000 and €375,000, founded between 2005 and 2011.
PiVer files the micro format. That format states no turnover. The gross margin rose from €23,992 in 2010 to €42,854 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 ≈ €170,000. Estimated: probably between €100,000 and €310,000.
Higher than 95% of 841 companies in 2025.
Higher than 95% of 801 companies in 2025.
Higher than 62% of 813 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
269,506 | 274,777 | 265,961 | 236,165 | 221,214 | 204,029 | 183,459 | 156,984 | 123,281 | 119,976 | 95,497 | 131,357 | 104,266 | 105,936 | 102,408 | 94,501 | |
21/28 |
11,845 | 17,242 | 23,342 | 4,516 | 12,984 | 21,451 | 18,490 | 26,552 | 6,650 | 11,403 | 19,055 | 22,352 | 21,475 | 32,016 | 28,057 | 35,023 | |
21 |
- | - | - | - | - | - | - | 1,000 | 2,000 | 3,000 | 4,000 | 5,000 | 6,000 | 7,000 | 8,000 | 9,000 | |
22/27 |
11,845 | 17,242 | 23,342 | 4,516 | 12,984 | 21,451 | 18,490 | 25,552 | 4,650 | 8,403 | 15,055 | 17,352 | 15,475 | 25,016 | 20,057 | 26,023 | |
23 |
- | - | - | - | 212 | 423 | 634 | 1,744 | 1,796 | 2,694 | 6,492 | 5,935 | 12,796 | 19,658 | 12,020 | 15,307 | |
24 |
11,845 | 17,242 | 23,342 | 4,516 | 12,772 | 21,028 | 17,856 | 23,808 | 2,854 | 5,709 | 8,563 | 11,417 | 2,679 | 5,358 | 8,037 | 10,716 | |
29/58 |
257,661 | 257,535 | 242,620 | 231,649 | 208,230 | 182,578 | 164,969 | 130,432 | 116,631 | 108,573 | 76,442 | 109,005 | 82,791 | 73,920 | 74,351 | 59,478 | |
3 |
13,605 | 15,597 | 17,007 | 19,345 | 18,846 | 18,416 | 18,878 | 21,739 | 25,070 | 23,259 | 21,710 | 22,351 | 22,424 | 20,863 | 23,165 | 22,513 | |
30/36 |
13,605 | 15,597 | 17,007 | 19,345 | 18,846 | 18,416 | 18,878 | 21,739 | 25,070 | 23,259 | 21,710 | 22,351 | 22,424 | 20,863 | 23,165 | 22,513 | |
40/41 |
21,890 | 20,861 | 14,378 | 22,210 | 21,804 | 14,368 | 14,650 | 14,257 | 11,144 | 13,574 | 20,844 | 16,200 | 17,760 | 18,262 | 12,087 | 20,528 | |
40 |
17,340 | 9,930 | 9,996 | 15,597 | 17,511 | 14,030 | 13,712 | 11,544 | 10,874 | 13,536 | 18,844 | 15,327 | 16,760 | 14,969 | 11,680 | 17,024 | |
41 |
4,550 | 10,932 | 4,382 | 6,613 | 4,293 | 338 | 938 | 2,713 | 270 | 38 | 2,000 | 873 | 1,000 | 3,293 | 407 | 3,504 | |
50/53 |
164,687 | 154,667 | 130,151 | 120,775 | 109,990 | 100,081 | 55,400 | - | - | - | - | - | - | - | - | - | |
54/58 |
56,931 | 65,891 | 80,574 | 68,842 | 57,590 | 45,373 | 71,234 | 90,096 | 76,077 | 67,400 | 29,548 | 65,980 | 38,133 | 30,333 | 34,641 | 16,322 | |
490/1 |
548 | 519 | 511 | 477 | - | 4,340 | 4,807 | 4,340 | 4,340 | 4,340 | 4,340 | 4,474 | 4,474 | 4,462 | 4,458 | 115 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
269,506 | 274,777 | 265,961 | 236,165 | 221,214 | 204,029 | 183,459 | 156,984 | 123,281 | 119,976 | 95,497 | 131,357 | 104,266 | 105,936 | 102,408 | 94,501 | |
10/15 |
253,852 | 259,426 | 249,766 | 221,056 | 204,272 | 183,009 | 162,904 | 132,302 | 107,849 | 82,888 | 59,714 | 51,131 | 40,283 | 37,620 | 35,693 | 23,923 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
240,110 | 245,710 | 236,055 | 207,350 | 190,570 | 169,310 | 149,210 | 118,610 | 94,210 | 69,260 | 46,160 | 37,660 | 21,860 | 21,860 | 21,860 | 10,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
133 |
240,110 | 245,710 | 236,055 | 205,490 | 188,710 | 167,450 | 147,350 | 116,750 | 92,350 | 67,400 | 44,300 | 35,800 | 20,000 | 20,000 | 20,000 | 9,000 | |
14 |
1,342 | 1,316 | 1,311 | 1,306 | 1,302 | 1,299 | 1,294 | 1,292 | 1,239 | 1,228 | 1,154 | 1,071 | 6,023 | 3,360 | 1,433 | 663 | |
17/49 |
15,653 | 15,351 | 16,195 | 15,109 | 16,942 | 21,020 | 20,555 | 24,682 | 15,432 | 37,088 | 35,783 | 80,226 | 63,983 | 68,316 | 66,715 | 70,578 | |
17 |
- | - | - | - | - | - | 482 | 6,219 | - | - | 3,420 | 7,435 | 1,683 | 6,623 | - | - | |
170/4 |
- | - | - | - | - | - | 482 | 6,219 | - | - | 3,420 | 7,435 | 1,683 | 6,623 | - | - | |
42/48 |
14,848 | 15,351 | 16,195 | 15,109 | 16,942 | 21,020 | 20,073 | 18,463 | 14,243 | 35,554 | 29,829 | 69,322 | 62,300 | 61,693 | 66,715 | 70,578 | |
42 |
- | - | - | - | - | 482 | 5,737 | 5,660 | - | 3,420 | 4,015 | 5,604 | 4,940 | 4,779 | - | - | |
44 |
- | 252 | 46 | 11 | 1,506 | 5,542 | 836 | 1,239 | 667 | 1,280 | 1,635 | 5,808 | 371 | 1,206 | 3,837 | 2,447 | |
440/4 |
- | 252 | 46 | 11 | 1,506 | 5,542 | 836 | 1,239 | 667 | 1,280 | 1,635 | 5,808 | 371 | 1,206 | 3,837 | 2,447 | |
45 |
2,799 | 4,390 | 6,311 | 5,658 | 6,812 | 7,031 | 6,261 | 5,104 | 8,244 | 11,126 | 4,282 | 6,830 | 3,958 | 3,171 | 3,521 | 3,161 | |
450/3 |
2,799 | 4,390 | 6,311 | 5,658 | 4,812 | 5,031 | 4,261 | 5,104 | 6,244 | 9,126 | 2,282 | 4,830 | 1,958 | 1,171 | 1,521 | 1,161 | |
454/9 |
- | - | - | - | 2,000 | 2,000 | 2,000 | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
47/48 |
12,049 | 10,709 | 9,838 | 9,440 | 8,624 | 7,965 | 7,239 | 6,460 | 5,332 | 19,728 | 19,897 | 51,080 | 53,031 | 52,537 | 59,357 | 64,970 | |
492/3 |
806 | - | - | - | - | - | - | - | 1,189 | 1,534 | 2,534 | 3,469 | - | - | - | - | |
| Income statement | |||||||||||||||||
76A |
- | - | 4,525 | - | - | - | - | 2,104 | - | - | 2,066 | - | - | - | - | - | |
9900 |
42,854 | 56,981 | 83,133 | 78,083 | 37,206 | 49,109 | 51,622 | 43,753 | 44,063 | 45,180 | 21,056 | 34,230 | 14,999 | 14,056 | 24,126 | 23,992 | |
630 |
5,397 | 6,100 | 3,210 | 8,467 | 8,467 | 7,337 | 8,062 | 8,061 | 4,753 | 7,652 | 7,787 | 13,395 | 10,541 | 10,541 | 7,641 | 7,506 | |
631/4 |
- | - | - | - | - | - | - | - | - | 632 | - | - | - | - | - | - | |
640/8 |
834 | 810 | 1,399 | 713 | 706 | 704 | 698 | 985 | 674 | 617 | 480 | 1,005 | 611 | 604 | 596 | 990 | |
9901 |
36,623 | 50,071 | 78,523 | 68,903 | 28,033 | 41,068 | 42,862 | 34,707 | 38,636 | 36,279 | 12,789 | 19,830 | 3,847 | 2,911 | 15,889 | 15,496 | |
75/76B |
1,747 | 1,016 | 1,121 | 2,636 | 1,418 | 2,185 | 60 | 14 | 34 | 37 | 99 | 182 | 228 | 252 | 244 | 80 | |
75 |
1,747 | 1,016 | 1,121 | 2,636 | 1,418 | 2,185 | 60 | 14 | 34 | 37 | 99 | 182 | 228 | 252 | 244 | 80 | |
65/66B |
975 | 247 | 709 | 140 | 225 | 277 | 236 | 287 | 379 | 1,422 | 2,507 | 3,688 | 385 | 381 | 156 | 41 | |
65 |
975 | 247 | 709 | 140 | 225 | 277 | 236 | 287 | 379 | 1,422 | 2,507 | 3,688 | 385 | 381 | 156 | 41 | |
9903 |
37,394 | 50,839 | 78,935 | 71,399 | 29,226 | 42,976 | 42,686 | 34,434 | 38,291 | 34,894 | 12,447 | 16,324 | 3,690 | 2,782 | 15,977 | 15,535 | |
67/77 |
12,368 | 16,779 | 25,276 | 23,014 | 7,963 | 12,071 | 12,084 | 9,981 | 13,330 | 11,720 | 3,864 | 5,476 | 1,027 | 855 | 4,207 | 4,012 | |
9904 |
25,026 | 34,060 | 53,660 | 48,384 | 21,263 | 30,905 | 30,602 | 24,453 | 24,961 | 23,174 | 8,583 | 10,848 | 2,663 | 1,927 | 11,770 | 11,523 | |
9905 |
25,026 | 34,060 | 53,660 | 48,384 | 21,263 | 30,905 | 30,602 | 24,453 | 24,961 | 23,174 | 8,583 | 10,848 | 2,663 | 1,927 | 11,770 | 11,523 | |
| Appropriation of the result | |||||||||||||||||
9906 |
26,342 | 35,371 | 54,966 | 49,686 | 22,562 | 32,199 | 31,894 | 25,692 | 26,189 | 24,328 | 9,654 | 16,871 | 6,023 | 3,360 | 12,433 | 11,523 | |
14P |
1,316 | 1,311 | 1,306 | 1,302 | 1,299 | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
30,600 | 24,400 | 24,950 | 31,600 | - | 10,800 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
25,000 | 34,055 | 53,655 | 48,380 | 21,260 | 30,900 | 30,600 | 24,400 | 24,950 | 23,100 | 8,500 | 15,800 | - | - | 11,000 | 10,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
25,000 | 34,055 | 53,655 | 48,380 | 21,260 | 30,900 | 30,600 | 24,400 | 24,950 | 23,100 | 8,500 | 15,800 | - | - | 11,000 | 9,000 | |
694/7 |
30,600 | 24,400 | 24,950 | 31,600 | - | 10,800 | - | - | - | - | - | - | - | - | - | - | |
694 |
30,600 | 24,400 | 24,950 | 31,600 | - | 10,800 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 04-08-2026.
2025 annual accounts filed 4 days after the deadline. Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00380460.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-08-2026 | 2026-00380460 | |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00224339 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00378878 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00296259 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20155746 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-25200481 | |
| 31-12-2019 | micro format | 04-08-2020 | 2020-39100269 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34700432 | |
| 31-12-2017 | micro format | 16-07-2018 | 2018-33800116 | |
| 31-12-2016 | micro format | 24-08-2017 | 2017-48300383 | |
| 31-12-2015 | full format | 23-08-2016 | 2016-45700336 | |
| 31-12-2014 | full format | 27-08-2015 | 2015-49600428 | |
| 31-12-2013 | full format | 28-07-2014 | 2014-35700585 | |
| 31-12-2012 | full format | 21-06-2013 | 2013-20300074 | |
| 31-12-2011 | full format | 22-06-2012 | 2012-20800204 | |
| 31-12-2010 | full format | 07-07-2011 | 2011-27500087 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 42,020 | 56,171 | 81,733 | 77,370 | 36,500 | 48,405 | 50,924 | 42,768 | 43,389 | 43,931 | 20,576 | 33,225 | 14,388 | 13,452 | 23,530 | 23,002 | ||
| 30,423 | 40,160 | 56,869 | 56,852 | 29,730 | 38,242 | 38,664 | 32,514 | 29,714 | 30,826 | 16,370 | 24,243 | 13,204 | 12,468 | 19,411 | 19,029 | ||
| 0 | 0 | 22,035 | -1 | 0 | 10,298 | 0 | 30,817 | 0 | 0 | 4,490 | 14,272 | 0 | 14,500 | 675 | 42,529 | ||
| -8,960 | -14,683 | 11,731 | 11,252 | 12,217 | -25,861 | -18,862 | 14,019 | 8,677 | 37,852 | -36,432 | 27,847 | 7,800 | -4,308 | 18,319 | - | ||
| 242,813 | 242,184 | 226,424 | 216,541 | 191,288 | 161,558 | 144,896 | 111,969 | 102,388 | 73,019 | 46,613 | 39,683 | 20,491 | 12,227 | 7,636 | -11,100 | ||
| 94.2% | 94.4% | 93.9% | 93.6% | 92.3% | 89.7% | 88.8% | 84.3% | 87.5% | 69.1% | 62.5% | 38.9% | 38.6% | 35.5% | 34.9% | 25.3% | ||
| 17.35 | 16.78 | 14.98 | 15.33 | 12.29 | 8.69 | 8.22 | 7.06 | 8.19 | 3.05 | 2.56 | 1.57 | 1.33 | 1.20 | 1.11 | 0.84 | ||
| 16.44 | 15.76 | 13.93 | 14.05 | 11.18 | 7.81 | 7.28 | 5.89 | 6.43 | 2.40 | 1.83 | 1.25 | 0.97 | 0.86 | 0.77 | 0.52 | ||
| 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.11 | 0.13 | 0.19 | 0.14 | 0.45 | 0.60 | 1.57 | 1.59 | 1.82 | 1.87 | 2.95 | ||
| 9.9% | 13.1% | 21.5% | 21.9% | 10.4% | 16.9% | 18.8% | 18.5% | 23.1% | 28.0% | 14.4% | 21.2% | 6.6% | 5.1% | 33.0% | 48.2% | ||
| 9.3% | 12.4% | 20.2% | 20.5% | 9.6% | 15.1% | 16.7% | 15.6% | 20.2% | 19.3% | 9.0% | 8.3% | 2.6% | 1.8% | 11.5% | 12.2% | ||
| 43.08 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - |
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 | - | - | €22,035 | - | - |
| €5,397 | €6,100 | €3,210 | €8,467 | €8,467 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 27% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 5.6% to 5.8%. Equity is lower and debt is higher.
PiVer has no parent and no holdings in its annual accounts. is the only director. PiVer shares no director with another company.
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 |
|---|---|---|
| Rue du Trichon, Sauv. 189 registered office 5030 Gembloux | 29-01-2010 | 2.184.479.095 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92253D0657/00N000 | 1,944 m² | 1 · 285 m² | 11.2 m · 3 |
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