PIXCOM
PIXCOM has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €-9k. Equity is shrinking by ~16% per year across the filed fiscal years. Its solvency ranks better than 44% of 6794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €32k |
| Net result | €-9k |
| Better than sector | 44% |
| Active | 14 yrs |
Mixed profile: strong on stability, weaker on profitability.
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 | 47.1% | 54.7% | |
| Net result | €-9k | €14k | |
| Equity | €32k | €61k | |
| Gross operating margin | €8k | €37k | |
| Total assets | €68k | €139k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €7k | €13k | €13k | €51k |
| Net profit | €-9k | €-7k | €-4k | €25k |
| Cash flow | €4k | €10k | €11k | €36k |
| Staff costs | - | - | - | - |
| Income taxes | €630 | €557 | €847 | €13k |
| Dividends | - | - | - | €4k |
| Total assets | €68k | €89k | €106k | €127k |
| Equity | €32k | €41k | €49k | €53k |
| Debt | €36k | €48k | €58k | €75k |
| of which ≤ 1y | €34k | €39k | €41k | €55k |
| of which > 1y | €3k | €9k | €16k | €19k |
| Working capital | €773 | €3k | €-1k | €10k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.02 | 1.09 | 0.98 | 1.19 |
| Quick ratio | 0.76 | 1.02 | 0.92 | 1.17 |
| Working capital ratio | 1.1% | 3.8% | -1.0% | 8.2% |
| Solvency | 47.1% | 45.9% | 45.7% | 41.3% |
| Debt / equity | 1.12 | 1.18 | 1.19 | 1.42 |
| Long-term debt ratio | 0.08 | 0.22 | 0.34 | 0.37 |
| Interest coverage | 2.56 | 3.96 | 17.22 | 21.83 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -13.2% | -8.3% | -3.9% | 19.4% |
| ROE | -28.1% | -18.2% | -8.5% | 47.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €68k | €89k | €106k | €127k |
| Fixed assets | 21/28 | €34k | €47k | €66k | €61k |
| Intangible fixed assets | 21 | €11k | €14k | €16k | - |
| Tangible fixed assets | 22/27 | €19k | €29k | €42k | €58k |
| Financial fixed assets | 28 | €4k | €4k | €8k | €4k |
| Current assets | 29/58 | €34k | €43k | €40k | €66k |
| Stocks & contracts in progress | 3 | €9k | €3k | €2k | €1k |
| Amounts receivable within one year | 40/41 | €19k | €28k | €24k | €25k |
| Cash & bank | 54/58 | €3k | €7k | €13k | €38k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €68k | €89k | €106k | €127k |
| Equity | 10/15 | €32k | €41k | €49k | €53k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €26k | €26k | €26k | €26k |
| Accumulated profits (losses) | 14 | €-13k | €-4k | €4k | €8k |
| Amounts payable | 17/49 | €36k | €48k | €58k | €75k |
| Amounts payable after one year | 17 | €3k | €9k | €16k | €19k |
| Amounts payable within one year | 42/48 | €34k | €39k | €41k | €55k |
| Trade debts payable within one year | 44 | €10k | €12k | €13k | €11k |
| Income statement | |||||
| Gross operating margin | 9900 | €8k | €15k | €13k | €51k |
| Operating result | 9901 | €-6k | €-4k | €-3k | €39k |
| Financial income | 75 | €13 | €707 | €43 | €420 |
| Financial charges | 65 | €3k | €3k | €748 | €2k |
| Result before taxes | 9903 | €-8k | €-7k | €-3k | €37k |
| Income taxes | 67/77 | €630 | €557 | €847 | €13k |
| Net result for the period | 9904 | €-9k | €-7k | €-4k | €25k |
| Result to be appropriated | 9905 | €-9k | €-7k | €-4k | €25k |
| NACE primary | Advertising agencies(73110) |
| Legal form | Private limited company(610) |
| Incorporation | 07-05-2012 |
| Status | Active |
| Postal code | 4350 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62412C0007/00V004 | Wallonia | 3,428 m² | 1 · 1,804 m² | 6.4 m · 2 fl. |
| 64050A1160/00K000 | Wallonia | 1,382 m² | 1 · 87 m² | 9.5 m · 3 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.
03-05-2022 Discharge granted to the board
Technical details
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"effective_date": "2022-04-01",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire r\u00E9unie le 10/03/2022, approuve \u00E0 l\u0027unanimit\u00E9 la nomination de Ambre Schadewitz comme administrateur",
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"notary": {
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"act_meta": {
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"decisions": [
{
"body": "algemene_vergadering",
"date": "2022-03-10",
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},
{
"body": "algemene_vergadering",
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],
"is_correction": false,
"subject_company": {
"kbo": "0845.746.067",
"name_full": "PIXCOM",
"legal_form": "SRL",
"_kbo_filled_from_list": true
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"co_filed_documents": [
"PV d\u0027AGE du 10/03/2022"
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}| Legal nameFR | PIXCOM |