PiWi
PiWi has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €8k. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
| Equity | €50k |
| Net result | €8k |
| Better than sector | 66% |
| Active | 12 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 61.4% | 47.4% | |
| Net result | €8k | €10k | |
| Equity | €50k | €60k | |
| Gross operating margin | €21k | €39k | |
| Total assets | €82k | €141k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €20k | €21k | €16k | €34k | €-18k |
| Net profit | €8k | €9k | €5k | €30k | €-20k |
| Cash flow | €15k | €17k | €12k | €30k | €-19k |
| Staff costs | - | - | - | - | - |
| Income taxes | €3k | €3k | €2k | €3k | €-371 |
| Dividends | - | - | - | - | - |
| Total assets | €82k | €71k | €74k | €77k | €73k |
| Equity | €50k | €43k | €34k | €28k | €-1k |
| Debt | €32k | €28k | €40k | €49k | €74k |
| of which ≤ 1y | €26k | €24k | €39k | €31k | €62k |
| of which > 1y | - | - | €0 | €5k | - |
| Working capital | €39k | €23k | €4k | €17k | €11k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.50 | 1.94 | 1.10 | 1.57 | 1.18 |
| Quick ratio | 2.50 | 1.94 | 1.10 | 1.57 | 1.18 |
| Working capital ratio | 47.8% | 32.1% | 5.2% | 22.5% | 15.3% |
| Solvency | 61.4% | 60.4% | 45.4% | 36.4% | -1.9% |
| Debt / equity | 0.63 | 0.65 | 1.20 | 1.74 | -53.85 |
| Long-term debt ratio | - | - | 0.00 | 0.18 | - |
| Interest coverage | 11.89 | 9.32 | 8.70 | 29.00 | -14.16 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 9.2% | 13.1% | 7.3% | 38.2% | -27.1% |
| ROE | 15.0% | 21.6% | 16.0% | 104.9% | 1434.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €82k | €71k | €74k | €77k | €73k |
| Fixed assets | 21/28 | €17k | €24k | €31k | €29k | - |
| Tangible fixed assets | 22/27 | €17k | €24k | €31k | €29k | - |
| Current assets | 29/58 | €65k | €47k | €42k | €48k | €73k |
| Amounts receivable within one year | 40/41 | €22k | €28k | €23k | €37k | €42k |
| Cash & bank | 54/58 | €43k | €18k | €19k | €11k | €31k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €82k | €71k | €74k | €77k | €73k |
| Equity | 10/15 | €50k | €43k | €34k | €28k | €-1k |
| Contributions / capital | 10/11 | €25k | €25k | €25k | €25k | €25k |
| Reserves | 13 | €25k | €18k | €9k | €3k | - |
| Accumulated profits (losses) | 14 | - | - | - | - | €-26k |
| Amounts payable | 17/49 | €32k | €28k | €40k | €49k | €74k |
| Amounts payable after one year | 17 | - | - | €0 | €5k | - |
| Amounts payable within one year | 42/48 | €26k | €24k | €39k | €31k | €62k |
| Trade debts payable within one year | 44 | €1k | €926 | €738 | €3k | €27k |
| Income statement | ||||||
| Gross operating margin | 9900 | €21k | €22k | €16k | €34k | €-18k |
| Operating result | 9901 | €12k | €14k | €9k | €34k | €-19k |
| Financial income | 75 | €172 | €37 | €54 | €39 | €56 |
| Financial charges | 65 | €2k | €2k | €2k | €1k | €1k |
| Result before taxes | 9903 | €11k | €12k | €7k | €33k | €-20k |
| Income taxes | 67/77 | €3k | €3k | €2k | €3k | €-371 |
| Net result for the period | 9904 | €8k | €9k | €5k | €30k | €-20k |
| Result to be appropriated | 9905 | €8k | €9k | €5k | €30k | €-20k |
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 28-08-2014 |
| Status | Active |
| Postal code | 8550 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0798/00L002 | Flanders | 649 m² | 1 · 159 m² | 9.0 m · 2 fl. |
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.
21-01-2025 Registered office moved from Gent to Zwevegem
- Blijde Inkomststraat 10, 9000 Gent → Vredelaan 33 te 8550 Zwevegem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Vredelaan 33 te 8550 Zwevegem",
"city": "Zwevegem",
"region": "vlaams_gewest",
"street": "Vredelaan",
"country": "BE",
"postcode": "8550",
"box_number": null,
"street_number": "33",
"locality_suffix": null
},
"old_address": {
"raw": "Blijde Inkomststraat 10, 9000 Gent",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Blijde Inkomststraat",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "10",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-01-21",
"filing_date": "2024-11-14",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2024-11-14",
"unanimous": true
},
"subject_company": {
"kbo": "0560.946.248",
"name_full": "PIWI",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Windey Pieter",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": []
}19-06-2023 Registered office moved to Gent
- 9000 Gent, Blijde-Inkomststraat 10
Technical details
{
"events": [
{
"kind": "zetel_clause_amendment_no_move",
"seat_type": "siege_social",
"new_address": null,
"old_address": {
"raw": "Vredelaan(Z) 33 : 8550 Zwevegem",
"city": "Zwevegem",
"region": "vlaams_gewest",
"street": "Vredelaan",
"country": "BE",
"postcode": "8550",
"box_number": null,
"street_number": "33",
"locality_suffix": "(Z)"
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": null,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
},
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "siege_social",
"new_address": {
"raw": "9000 Gent, Blijde-Inkomststraat 10",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Blijde-Inkomststraat",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "10",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": null,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
}
],
"notary": {
"name": "Frederic OPSOMER",
"firm_city": null,
"firm_name": null,
"office_city": "Kortrijk",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-06-19",
"filing_date": "2023-06-15",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-06-13",
"unanimous": true
},
"subject_company": {
"kbo": "0560.946.248",
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"legal_form": "BV"
},
"publication_proxy": {
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"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"uitgifte van akte",
"geco\u00F6rdineerde statuten",
"verslag bestuurder"
]
}| Legal nameNL | PiWi |