Pivolté
ActiveSummary
Pivolté has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €179,788 and a net result of €19,961. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 2547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+58
Solvency69▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 7.63 against 8.55 in 2023; short-term debt: 13.1% and cash: 1.2% of total assets), but 56% of the assets are financed with debt.
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Signals
Four 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← 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 31-07-2025, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
2 d late
2022
4 d late
2021
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€48,151
EBIT margin
-37.1%
Net result
€19,961
2023 · -€6,082
Working capital
€354,235▲ 8.3%
2023 · €327,089
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€48,151-
Operating result-€17,887-€14,639-€5,623€27,902
Net result-€20,683below the sector's middle half-€11,399within the sector's middle half-€6,082below the sector's middle half€19,961within the sector's middle half
EBIT margin-37.1%-
Equity€153,330above the sector's middle half-€165,910above the sector's middle half▲ 8.2%€159,828above the sector's middle half▼ 3.7%€179,788above the sector's middle half▲ 12.5%
Total assets€268,330within the sector's middle half-€306,812above the sector's middle half▲ 14.3%€372,750above the sector's middle half▲ 21.5%€409,033above the sector's middle half▲ 9.7%
Debt€115,000-€140,902▲ 22.5%€212,922▲ 51.1%€229,244▲ 7.7%
Working capital€254,858above the sector's middle half-€296,612above the sector's middle half▲ 16.4%€327,089above the sector's middle half▲ 10.3%€354,235above the sector's middle half▲ 8.3%
Solvency57.1%within the sector's middle half-54.1%within the sector's middle half▼ 3.1pp42.9%within the sector's middle half▼ 11.2pp44.0%within the sector's middle half▲ 1.1pp
Current ratio31.17above the sector's middle half-41.35above the sector's middle half▲ 10.188.55above the sector's middle half▼ 32.807.63above the sector's middle half▼ 0.92
Return on assets (ROA)-7.7%below the sector's middle half-3.7%within the sector's middle half▲ 11.4pp-1.6%within the sector's middle half▼ 5.3pp4.9%within the sector's middle half▲ 6.5pp
Staff (FTE)3.23▼ 6.3%1.8▼ 40.0%
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €27,902 after a loss of €5,623 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €409,033
Fixed assets
€1,370 ▼ 41.3%
Current assets
€407,663 ▲ 10.1%
Equity and liabilities €409,033
Equity
€179,788 ▲ 12.5%
Debt
€229,244 ▲ 7.7%
Debt's share of the balance-sheet total falls from 57.1% to 56.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,942▲
2023 · -€5,109
Cash flow
€20,000▲
2023 · -€5,567
Quick ratio
7.46▼
2023 · 8.27
Debt to equity
1.28▼
2023 · 1.33
ROE
11.1%▲
2023 · -3.8%
Interest coverage
6.07▲
2023 · -11.14
Debt ≤ 1 year
€53,428▲
2023 · €43,327
Income taxes
€4,080▲
2023 · €233
Staff costs
€78,024▲
2023 · €46,839
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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%.
| 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 17,039 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
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €48,151 | - | - | - | - |
| Non-recurring operating income76A | €95 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €236,595 | - | - | - | - |
| Remuneration, social security and pensions62 | €13,158 | €37,757 | €46,839 | €78,024 | ▲ 66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,749 | €2,177 | €515 | €39 | ▼ 92.4% |
| Other operating charges640/8 | €1,572 | €36 | - | - | - |
| Non-recurring operating charges66A | - | - | - | €2,334 | - |
| Gross operating margin9900 | -€408 | €54,609 | €41,731 | €108,300 | ▲ 160% |
| Operating profit (loss)9901 | -€17,887 | €14,639 | -€5,623 | €27,902 | ▲ 596% |
| Financial income75/76B | €244 | €235 | €233 | €744 | ▲ 220% |
| Recurring financial income75 | €186 | €235 | €233 | €744 | ▲ 220% |
| Non-recurring financial income76B | €58 | - | - | - | - |
| Financial charges65/66B | €517 | €518 | €459 | €4,606 | ▲ 905% |
| Recurring financial charges65 | €517 | €518 | €459 | €4,606 | ▲ 905% |
| Profit (loss) for the period before taxes9903 | -€18,160 | €14,356 | -€5,849 | €24,041 | ▲ 511% |
| Income taxes67/77 | €2,523 | €2,957 | €233 | €4,080 | ▲ 1,651% |
| Profit (loss) for the period9904 | -€20,683 | €11,399 | -€6,082 | €19,961 | ▲ 428% |
| Profit (loss) for the period to be appropriated9905 | -€20,683 | €11,399 | -€6,082 | €19,961 | ▲ 428% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €268,330 | €306,812 | €372,750 | €409,033 | ▲ 9.7% |
| Fixed assets21/28 | €5,026 | €2,849 | €2,334 | €1,370 | ▼ 41.3% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €5,026 | €2,849 | €2,334 | €1,370 | ▼ 41.3% |
| Plant, machinery and equipment23 | €3,801 | €1,799 | €1,459 | €1,370 | ▼ 6.1% |
| Furniture and vehicles24 | €1,225 | €1,050 | €875 | - | - |
| Current assets29/58 | €263,304 | €303,963 | €370,416 | €407,663 | ▲ 10.1% |
| Stocks and contracts in progress3 | €12,847 | €15,320 | €11,934 | €9,212 | ▼ 22.8% |
| Stocks30/36 | €12,847 | €15,320 | €11,934 | €9,212 | ▼ 22.8% |
| Current investments50/53 | €192,866 | €177,863 | €197,968 | €393,369 | ▲ 98.7% |
| Cash at bank and in hand54/58 | €55,367 | €110,780 | €160,514 | €5,081 | ▼ 96.8% |
| Deferred charges and accrued income490/1 | €2,224 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €268,330 | €306,812 | €372,750 | €409,033 | ▲ 9.7% |
| Equity10/15 | €153,330 | €165,910 | €159,828 | €179,788 | ▲ 12.5% |
| Contributions10/11 | - | €161,826 | €161,826 | €161,826 | = |
| Profit (loss) carried forward14 | -€8,496 | €4,084 | -€1,998 | €17,963 | ▲ 999% |
| Amounts payable17/49 | €115,000 | €140,902 | €212,922 | €229,244 | ▲ 7.7% |
| Amounts payable within one year42/48 | €8,446 | €7,351 | €43,327 | €53,428 | ▲ 23.3% |
| Trade debts44 | €4,656 | €4,166 | €8,645 | €14,889 | ▲ 72.2% |
| Suppliers440/4 | €4,656 | €4,166 | €8,645 | €14,889 | ▲ 72.2% |
| Taxes, remuneration and social security45 | €3,790 | €3,185 | - | €3,857 | - |
| Taxes450/3 | €2,498 | - | - | €3,857 | - |
| Remuneration and social security454/9 | €1,292 | €3,185 | - | - | - |
| Other amounts payable47/48 | - | - | €34,682 | €34,682 | = |
| Accrued charges and deferred income492/3 | €106,554 | €133,551 | €169,595 | €175,816 | ▲ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,683 | €11,399 | -€6,082 | €19,961 | ▲ 428% |
| + Depreciation and write-downs630 | €2,749 | €2,177 | €515 | €39 | ▼ 92.4% |
| Operating cash flow (approximation) | -€17,934 | €13,576 | -€5,567 | €20,000 | ▲ 459% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €925 | - |
| Change in cash | - | €55,413 | €49,735 | -€155,433 | ▼ 413% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19,961
Net result €19,961 after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Back to profitnet €11,399
Net result €11,399 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brasschaat · 1 establishment unit since 2007
Ground area
2,624 m²
Building footprint
588 m²
Parcel 11008H0250/00S000, Flanders. Linked by address, not a title deed.
57
companies at this address
See who is registered here
1 establishment unit
Pivolté
since 20072.165.895.578
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008H0250/00S000 | Flanders | 2,624 m² | 1 · 588 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 2,008 companies in sector 85520 we hold annual accounts for 121. 88 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded31-07-1994
Fiscal year end31-12
Activities, NACEBEL 2025
85520Cultural education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453399675
Registered
20-11-2020
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.