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PIVI

Active
Private limited companyfounded 20242 yrs activePlace Joseph Wauters 78, 4300 Waremme, BelgiumKBO/BCE: BE 1011.841.048
Summary

The computed 12-month bankruptcy probability of PIVI is 9.2% (elevated). The 2024 annual accounts show negative equity (-€6,845) and a net result of -€7,845. Its solvency ranks better than 19% of 18934 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
9.2% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78; short-term debt: 128.5% and cash: 79.1% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
-28.5%
Return on assets
-32.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-11-2025, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2024
110 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 110 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 July 2024, PIVI was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€6,845
Total assets
€23,980
Net result
-€7,845
Working capital
-€6,845

Turnover and EBIT margin not published: the micro schema does not require them.

Key figures and ratios
2024 value
Solvency
-28.5%
Current ratio
0.78
Quick ratio
0.64
Debt to equity
-4.50
ROA
-32.7%
Debt
€30,824
Debt ≤ 1 year
€30,824
Staff costs
€19,656

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 9.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,638 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 32 lines
Balance sheet Code2024
Assets
Total assets20/58€23,980
Current assets29/58€23,980
Stocks and contracts in progress3€4,224
Stocks30/36€4,224
Amounts receivable within one year40/41€776
Trade receivables40€674
Other amounts receivable41€103
Cash at bank and in hand54/58€18,979
Equity and liabilities
Total equity and liabilities10/49€23,980
Equity10/15-€6,845
Contributions10/11€1,000
Profit (loss) carried forward14-€7,845
Amounts payable17/49€30,824
Amounts payable within one year42/48€30,824
Trade debts44€19,877
Suppliers440/4€19,877
Taxes, remuneration and social security45€10,640
Taxes450/3€3,961
Remuneration and social security454/9€6,679
Other amounts payable47/48€307
Income statement Code2024
Remuneration, social security and pensions62€19,656
Other operating charges640/8€1,139
Gross operating margin9900€13,075
Operating profit (loss)9901-€7,720
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€125
Recurring financial charges65€125
Profit (loss) for the period before taxes9903-€7,845
Profit (loss) for the period9904-€7,845
Profit (loss) for the period to be appropriated9905-€7,845
Appropriation of the result
Profit (loss) to be appropriated9906-€7,845

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€19,656
Other operating charges640/8€1,139
Gross operating margin9900€13,075
Operating profit (loss)9901-€7,720
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€125
Recurring financial charges65€125
Profit (loss) for the period before taxes9903-€7,845
Profit (loss) for the period9904-€7,845
Profit (loss) for the period to be appropriated9905-€7,845
Line2024
Assets
Total assets20/58€23,980
Current assets29/58€23,980
Stocks and contracts in progress3€4,224
Stocks30/36€4,224
Amounts receivable within one year40/41€776
Trade receivables40€674
Other amounts receivable41€103
Cash at bank and in hand54/58€18,979
Equity and liabilities
Total equity and liabilities10/49€23,980
Equity10/15-€6,845
Contributions10/11€1,000
Profit (loss) carried forward14-€7,845
Amounts payable17/49€30,824
Amounts payable within one year42/48€30,824
Trade debts44€19,877
Suppliers440/4€19,877
Taxes, remuneration and social security45€10,640
Taxes450/3€3,961
Remuneration and social security454/9€6,679
Other amounts payable47/48€307
Line2024
Profit (loss) for the period9904-€7,845
Operating cash flow (approximation)-€7,845

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
18-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
NBB filing
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Waremme · 1 establishment unit since 2024
establishment The establishment unit on the map
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.

Place Joseph Wauters 784300 Waremme
Ground area
165 m²
Building footprint
86 m²
Volume, LiDAR
1,294 m³
Parcel 64074C0402/00C007, Wallonia · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Le Cap
Rue Joseph Wauters 78, 4300 WaremmeCafés and bars
since 20242.364.759.535
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
64074C0402/00C007 Wallonia 165 m² 1 · 86 m² 17.1 m · 5 fl.
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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,002 companies in sector 56301 we hold annual accounts for 4,896. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID 0208:1011841048
Also 9925:BE1011841048

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.