PIVO
ActivePIVO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €674k and a net result of €8k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 254 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
76
/ 100
Excellent▼ -15 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability6▼-94
Solvency74▲+10
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.04 against 2.98 in 2023), but 67% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
6 d late
2022
39 d early
2021
39 d early
2020
31 d early
2019
46 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€674k▲ 1.2%
2023 · €666k
2018: €484k
2019: €542k
2020: €614k
2021: €554k
2022: €549k
2023: €666k
2018 → 2024
Total assets
€2.04M▼ 16.3%
2023 · €2.44M
2018: €3.51M
2019: €3.32M
2020: €3.13M
2021: €2.86M
2022: €2.54M
2023: €2.44M
2018 → 2024
Net result
€8k▼ 96.4%
2023 · €217k
2018: €80k
2019: €58k
2020: €72k
2021: €-60k
2022: €33k
2023: €217k
2018 → 2024
Working capital
€825k▼ 9.9%
2023 · €915k
2018: €750k
2019: €873k
2020: €996k
2021: €933k
2022: €835k
2023: €915k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€614k-€554k▼ 9.8%€549k▼ 0.8%€666k▲ 21.2%€674k▲ 1.2%
Operating result€229k-€64k▼ 72.1%€180k▲ 182%€299k▲ 66.0%€58k▼ 80.5%
Net result€72k-€-60k€33k€217k▲ 566%€8k▼ 96.4%
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 falls in 2024; 2024 is 80% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.04M
Fixed assets
€811k▼ 23.5%
Current assets
€1.23M▼ 10.7%
Equity and liabilities €2.04M
Equity
€674k▲ 1.2%
Debt
€1.37M▼ 22.8%
The debt ratio falls from 72.7% to 67.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€412k▼
2023 · €647k
Cash flow
€361k▼
2023 · €565k
Solvency
33.0%▲
2023 · 27.3%
Current ratio
3.04▲
2023 · 2.98
Quick ratio
3.04▲
2023 · 2.98
Debt / equity
2.03▼
2023 · 2.66
ROE
1.2%▼
2023 · 32.5%
ROA
0.4%▼
2023 · 8.9%
Interest coverage
5.01▼
2023 · 7.16
Debt
€1.37M▼
2023 · €1.77M
Debt ≤ 1 year
€405k▼
2023 · €462k
Debt > 1 year
€943k▼
2023 · €1.29M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.44M€2.04M▼
Fixed assets21/28€1.06M€811k▼
Tangible fixed assets22/27€1.06M€811k▼
Leasing and similar rights25€874k€546k▼
Other tangible fixed assets26€185k€265k▲
Current assets29/58€1.38M€1.23M▼
Amounts receivable within one year40/41€27k€35k▲
Trade receivables40€21k€12k▼
Other amounts receivable41€6k€23k▲
Current investments50/53€1.01M€957k▼
Cash at bank and in hand54/58€312k€161k▼
Deferred charges and accrued income490/1€27k€77k▲
Equity and liabilities
Total equity and liabilities10/49€2.44M€2.04M▼
Equity10/15€666k€674k▲
Contributions10/11€530k€530k=
Capital10€530k€530k=
Issued capital100€530k€530k=
Reserves13€136k€144k▲
Non-distributable reserves130/1€17k€18k▲
Legal reserve130€17k€18k▲
Distributable reserves133€119k€126k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.77M€1.37M▼
Amounts payable after more than one year17€1.29M€943k▼
Financial debts170/4€1.29M€943k▼
Amounts payable within one year42/48€462k€405k▼
Current portion of amounts payable after more than one year42€328k€347k▲
Trade debts44€15k€58k▲
Suppliers440/4€15k€58k▲
Taxes, remuneration and social security45€45k€0▼
Taxes450/3€45k€0▼
Other amounts payable47/48€73k€197▼
Accrued charges and deferred income492/3€19k€19k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€348k€354k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€651k€419k▼
Operating profit (loss)9901€299k€58k▼
Financial income75/76B€8k€32k▲
Recurring financial income75€8k€32k▲
Financial charges65/66B€90k€82k▼
Recurring financial charges65€90k€82k▼
Profit (loss) for the period before taxes9903€217k€8k▼
Profit (loss) for the period9904€217k€8k▼
Profit (loss) for the period to be appropriated9905€217k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€217k€8k▼
Transfer from equity791/2€0-
Transfer to equity691/2€117k€8k▼
To the legal reserve6920€11k€400▼
To other reserves6921€106k€7k▼
Profit to be distributed694/7€100k€0▼
Return on contributions (dividend)694€100k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Highest result since 2018net €217k ▲566%
Operating result €299k, net result €217k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-60k ▼184%
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €542k ▲11.9%
2 profitable years in a row build equity to €542k.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-05
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
under verification, no change since 2023
This board is reconstructed from a single act (23325624). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Damman Tom
CurrentDirector · since 23-03-2023
De Besloten Vennootschap FairmarKaD
CurrentManaging director · since 23-03-2023 · Legal entity · perm. rep.: Damman Koenraad
Quatannens Jacques
CurrentDirector · since 23-03-2023
23-03-2023
Damman Tom: Appointed as Director
23-03-2023
De Besloten Vennootschap FairmarKaD: Appointed as Managing director
23-03-2023
Quatannens Jacques: Appointed as Director
23-03-2023
De Besloten Vennootschap FairmarKaD: Appointed as Permanent representative
Location & real-estate footprint
Registered office, Anzegem · 1 establishment unit since 2011
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.
Bevrijdingslaan 408570 AnzegemGround area
2,087 m²
Building footprint
335 m²
Volume, LiDAR
1,847 m³
Parcel 34002E0267/00A000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PIVO NV
since 20112.198.462.339
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34002E0267/00A000 | Flanders | 2,087 m² | 1 · 335 m² | 8.6 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
8755006XBZ99XB786339
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BE 0886.522.887
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BE 0833.454.682
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BE 0720.944.976
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GEO-THERMICS
BE 0832.169.532
Merelbeke-Melle · Eq €667k
SEEBA WINDPARK BVBA
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Gent · Eq €687k
Of 816 companies in sector 35110 we hold annual accounts for 632. 435 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-04-2011
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.