PIVOT
ActiveSummary
PIVOT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,182 and a net result of €49,729. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 14.38 against 12.26 in 2024; short-term debt: 4.7% and cash: 53.1% of total assets), and 4.7% of the assets are financed with debt.
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Signals
Three 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
95.3%
Return on assets
33.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
58 d early
2024
59 d early
2023
75 d early
2022
53 d early
2021
74 d early
2020
11 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€141,182▼ 14.8%
2024 · €165,758
Total assets
€148,070▼ 15.2%
2024 · €174,656
Net result
€49,729▲ 4.1%
2024 · €47,778
Working capital
€92,188▼ 8.0%
2024 · €100,151
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,492▲ 6.1%€42,425▼ 19.2%€73,595▲ 73.5%€61,343▼ 16.6%€63,072▲ 2.8%
Net result€36,639▲ 6.7%€33,211▼ 9.4%€57,529▲ 73.2%€47,778▼ 17.0%€49,729▲ 4.1%
Equity€149,101▲ 32.6%€188,511▲ 26.4%€212,830▲ 12.9%€165,758▼ 22.1%€141,182▼ 14.8%
Total assets€167,682▲ 9.7%€197,928▲ 18.0%€223,673▲ 13.0%€174,656▼ 21.9%€148,070▼ 15.2%
Debt€18,581▼ 54.0%€9,417▼ 49.3%€10,843▲ 15.1%€8,898▼ 17.9%€6,888▼ 22.6%
Working capital€141,651▲ 40.4%€173,052▲ 22.2%€194,593▲ 12.4%€100,151▼ 48.5%€92,188▼ 8.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,070
Fixed assets
€48,994 ▼ 25.3%
Current assets
€99,076 ▼ 9.1%
Equity and liabilities €148,070
Equity
€141,182 ▼ 14.8%
Debt
€6,888 ▼ 22.6%
Debt's share of the balance-sheet total falls from 5.1% to 4.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79,685▲
2024 · €72,484
Cash flow
€66,342▲
2024 · €58,920
Current ratio
14.38▲
2024 · 12.26
Debt to equity
0.05▼
2024 · 0.05
ROE
35.2%▲
2024 · 28.8%
ROA
33.6%▲
2024 · 27.4%
Interest coverage
226.77▲
2024 · 195.18
Debt ≤ 1 year
€6,888▼
2024 · €8,898
Income taxes
€13,647▲
2024 · €13,193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,501 | €7,248 | €4,348 | €11,142 | €16,613 | ▲ 49.1% |
| Other operating charges640/8 | €1,141 | €996 | €2,236 | €1,271 | €1,111 | ▼ 12.6% |
| Gross operating margin9900 | €63,134 | €50,668 | €80,179 | €73,755 | €80,797 | ▲ 9.5% |
| Operating profit (loss)9901 | €52,492 | €42,425 | €73,595 | €61,343 | €63,072 | ▲ 2.8% |
| Financial income75/76B | €0 | €8 | €12 | €0 | €655 | ▲ 6,546,000% |
| Recurring financial income75 | €0 | €8 | €12 | €0 | €655 | ▲ 6,546,000% |
| Financial charges65/66B | €619 | €352 | €317 | €371 | €351 | ▼ 5.4% |
| Recurring financial charges65 | €619 | €352 | €317 | €371 | €351 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €51,872 | €42,080 | €73,290 | €60,971 | €63,376 | ▲ 3.9% |
| Income taxes67/77 | €15,233 | €8,870 | €15,761 | €13,193 | €13,647 | ▲ 3.4% |
| Profit (loss) for the period9904 | €36,639 | €33,211 | €57,529 | €47,778 | €49,729 | ▲ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €36,639 | €33,211 | €57,529 | €47,778 | €49,729 | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167,682 | €197,928 | €223,673 | €174,656 | €148,070 | ▼ 15.2% |
| Fixed assets21/28 | €7,450 | €16,434 | €18,238 | €65,607 | €48,994 | ▼ 25.3% |
| Tangible fixed assets22/27 | €7,450 | €16,434 | €18,238 | €65,607 | €48,994 | ▼ 25.3% |
| Plant, machinery and equipment23 | €1,780 | €1,913 | €2,186 | €1,726 | €675 | ▼ 60.9% |
| Furniture and vehicles24 | €5,670 | €10,569 | €12,493 | €61,115 | €46,346 | ▼ 24.2% |
| Other tangible fixed assets26 | - | €3,952 | €3,558 | €2,766 | €1,974 | ▼ 28.6% |
| Current assets29/58 | €160,232 | €181,494 | €205,436 | €109,049 | €99,076 | ▼ 9.1% |
| Amounts receivable within one year40/41 | €22,897 | €18,516 | €27,340 | €19,266 | €15,615 | ▼ 19.0% |
| Trade receivables40 | €22,897 | €17,343 | €27,314 | €19,266 | €15,608 | ▼ 19.0% |
| Other amounts receivable41 | - | €1,172 | €26 | €0 | €7 | - |
| Current investments50/53 | - | - | - | €50,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €133,029 | €159,120 | €173,790 | €34,424 | €78,639 | ▲ 128% |
| Deferred charges and accrued income490/1 | €4,306 | €3,858 | €4,307 | €5,359 | €4,821 | ▼ 10.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167,682 | €197,928 | €223,673 | €174,656 | €148,070 | ▼ 15.2% |
| Equity10/15 | €149,101 | €188,511 | €212,830 | €165,758 | €141,182 | ▼ 14.8% |
| Contributions10/11 | €12,400 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €136,701 | €136,701 | €134,841 | €97,521 | €70,993 | ▼ 27.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €134,841 | €134,841 | €134,841 | €97,521 | €70,993 | ▼ 27.2% |
| Profit (loss) carried forward14 | - | €33,211 | €57,529 | €47,778 | €49,729 | ▲ 4.1% |
| Amounts payable17/49 | €18,581 | €9,417 | €10,843 | €8,898 | €6,888 | ▼ 22.6% |
| Amounts payable within one year42/48 | €18,581 | €8,443 | €10,843 | €8,898 | €6,888 | ▼ 22.6% |
| Current portion of amounts payable after more than one year42 | €4,052 | - | - | - | - | - |
| Trade debts44 | €913 | €2,496 | €3,049 | €1,686 | €1,070 | ▼ 36.5% |
| Suppliers440/4 | €913 | €2,496 | €3,049 | €1,686 | €1,070 | ▼ 36.5% |
| Taxes, remuneration and social security45 | €4,690 | €2,532 | €4,668 | €4,302 | €3,492 | ▼ 18.8% |
| Taxes450/3 | €4,690 | €2,532 | €4,668 | €4,302 | €3,492 | ▼ 18.8% |
| Other amounts payable47/48 | €8,926 | €3,415 | €3,127 | €2,910 | €2,326 | ▼ 20.1% |
| Accrued charges and deferred income492/3 | - | €974 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,639 | €33,211 | €57,529 | €47,778 | €49,729 | ▲ 4.1% |
| + Depreciation and write-downs630 | €9,501 | €7,248 | €4,348 | €11,142 | €16,613 | ▲ 49.1% |
| Operating cash flow (approximation) | €46,140 | €40,458 | €61,877 | €58,920 | €66,342 | ▲ 12.6% |
| Investment in fixed assets (approximation) | - | -€16,232 | -€6,152 | -€58,511 | €0 | ▲ 100% |
| Change in cash | - | €26,092 | €14,669 | -€139,366 | €44,215 | ▲ 132% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €57,529 ▲73.2%
Operating result €73,595, net result €57,529, both a record.
31-12
Financial
Equity above €200,000Eq €212,830 ▲12.9%
6 profitable years in a row build equity to €212,830.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 21.50
Current ratio from 8.62 to 21.50; short-term debt falls from €18,581 to €8,443.
31-12
Financial
Equity above €150,000Eq €188,511 ▲26.4%
5 profitable years in a row build equity to €188,511.
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 8.62
Current ratio from 3.78 to 8.62; short-term debt falls from €36,339 to €18,581.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €112,462 ▲44%
3 profitable years in a row build equity to €112,462.
Show earlier events
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €26,528 ▼32.3%
Net result drops to €26,528, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Anzegem · 1 establishment unit since 2017
Ground area
737 m²
Building footprint
222 m²
Volume, LiDAR
943 m³
Parcel 34038A0366/00G000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PIVOT
since 20172.265.664.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038A0366/00G000 | Flanders | 737 m² | 1 · 222 m² | 6.2 m · 1 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.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 5,240 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
Founded03-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
33200Installation of industrial machinery and equipment
Contact
E-mail
gregory.lioen@pivot.be
Phone
0032473753928
Scores and ratios are computed by Checked and are not a credit decision.