PIXELBAR
ActiveSummary
PIXELBAR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €370k and a net result of €127k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 2566 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94=
Solvency84▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 3.8 in 2024; short-term debt: 41.1% and cash: 14% of total assets), and 41.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% 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
58.7%
Return on assets
20.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-10-2025, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
48 d early
2023
40 d early
2022
41 d early
2021
31 d early
2020
38 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€370k▼ 21.0%
2024 · €468k
2019: €218klowest in 7 years
2020: €235k▲ +7.9% vs 2019
2021: €322k▲ +36.9% vs 2020
2022: €317k▼ -1.8% vs 2021
2023: €395k▲ +24.7% vs 2022
2024: €468k▲ +18.6% vs 2023highest in 7 years
2025: €370k▼ -21.0% vs 2024
2019 → 2025
Total assets
€630k▲ 14.6%
2024 · €549k
2019: €288klowest in 7 years
2020: €459k▲ +59.5% vs 2019
2021: €433k▼ -5.8% vs 2020
2022: €452k▲ +4.6% vs 2021
2023: €456k▲ +0.9% vs 2022
2024: €549k▲ +20.4% vs 2023
2025: €630k▲ +14.6% vs 2024highest in 7 years
2019 → 2025
Net result
€127k▲ 15.2%
2024 · €110k
2019: €46k
2020: €40k▼ -13.0% vs 2019lowest in 7 years
2021: €88k▲ +118% vs 2020
2022: €110k▲ +25.4% vs 2021
2023: €119k▲ +8.1% vs 2022
2024: €110k▼ -7.6% vs 2023
2025: €127k▲ +15.2% vs 2024highest in 7 years
2019 → 2025
Working capital
€105k▼ 53.4%
2024 · €224k
2019: €177k
2020: €115k▼ -35.1% vs 2019
2021: €54k▼ -52.9% vs 2020lowest in 7 years
2022: €59k▲ +8.5% vs 2021
2023: €143k▲ +144% vs 2022
2024: €224k▲ +56.6% vs 2023highest in 7 years
2025: €105k▼ -53.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€322k-€317k▼ 1.8%€395k▲ 24.7%€468k▲ 18.6%€370k▼ 21.0%
2021: €322k
2022: €317k▼ -1.8% vs 2021lowest in 5 years
2023: €395k▲ +24.7% vs 2022
2024: €468k▲ +18.6% vs 2023highest in 5 years
2025: €370k▼ -21.0% vs 2024
Operating result€132k-€162k▲ 22.8%€176k▲ 8.8%€163k▼ 7.6%€188k▲ 15.5%
2021: €132klowest in 5 years
2022: €162k▲ +22.8% vs 2021
2023: €176k▲ +8.8% vs 2022
2024: €163k▼ -7.6% vs 2023
2025: €188k▲ +15.5% vs 2024highest in 5 years
Net result€88k-€110k▲ 25.4%€119k▲ 8.1%€110k▼ 7.6%€127k▲ 15.2%
2021: €88klowest in 5 years
2022: €110k▲ +25.4% vs 2021
2023: €119k▲ +8.1% vs 2022
2024: €110k▼ -7.6% vs 2023
2025: €127k▲ +15.2% vs 2024highest in 5 years
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 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €630k
Fixed assets
€266k ▲ 8.6%
Current assets
€364k ▲ 19.5%
Equity and liabilities €630k
Equity
€370k ▼ 21.0%
Debt
€260k ▲ 220%
Debt's share of the balance-sheet total rises from 14.8% to 41.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€206k▲
2024 · €173k
Cash flow
€145k▲
2024 · €121k
Current ratio
1.40▼
2024 · 3.80
Debt to equity
0.70▲
2024 · 0.17
ROE
34.2%▲
2024 · 23.5%
ROA
20.1%▲
2024 · 20.0%
Interest coverage
2160.86▲
2024 · 1905.21
Debt ≤ 1 year
€259k▲
2024 · €80k
Income taxes
€61k▲
2024 · €54k
Staff costs
€51k=
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€549k€630k▲
Fixed assets21/28€245k€266k▲
Tangible fixed assets22/27€245k€266k▲
Land and buildings22€240k€231k▼
Furniture and vehicles24€5k€35k▲
Current assets29/58€304k€364k▲
Amounts receivable within one year40/41€58k€59k▲
Trade receivables40€52k€55k▲
Other amounts receivable41€6k€4k▼
Current investments50/53€25k€213k▲
Cash at bank and in hand54/58€218k€88k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€549k€630k▲
Equity10/15€468k€370k▼
Contributions10/11€12k€12k=
Reserves13€456k€357k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€454k€355k▼
Amounts payable17/49€81k€260k▲
Amounts payable within one year42/48€80k€259k▲
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€26k€45k▲
Taxes450/3€17k€38k▲
Remuneration and social security454/9€9k€7k▼
Other amounts payable47/48€50k€211k▲
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€51k€51k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€18k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€227k€260k▲
Operating profit (loss)9901€163k€188k▲
Financial income75/76B€825€1▼
Recurring financial income75€825€1▼
Financial charges65/66B€91€95▲
Recurring financial charges65€91€95▲
Profit (loss) for the period before taxes9903€163k€188k▲
Income taxes67/77€54k€61k▲
Profit (loss) for the period9904€110k€127k▲
Profit (loss) for the period to be appropriated9905€110k€127k▲
Appropriation of the result
Profit (loss) to be appropriated9906€110k€127k▲
Transfer from equity791/2€36k€225k▲
Transfer to equity691/2€110k€127k▲
To other reserves6921€110k€127k▲
Profit to be distributed694/7€36k€225k▲
Return on contributions (dividend)694€36k€225k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €44k | €47k | €51k | €51k | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €10k | €11k | €11k | €18k | ▲ 71.0% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▼ 0.3% |
| Gross operating margin9900 | €200k | €218k | €236k | €227k | €260k | ▲ 14.4% |
| Operating profit (loss)9901 | €132k | €162k | €176k | €163k | €188k | ▲ 15.5% |
| Financial income75/76B | - | €400 | €68 | €825 | €1 | ▼ 99.9% |
| Recurring financial income75 | €10 | €400 | €68 | €825 | €1 | ▼ 99.9% |
| Financial charges65/66B | - | €97 | €89 | €91 | €95 | ▲ 4.8% |
| Recurring financial charges65 | €917 | €97 | €89 | €91 | €95 | ▲ 4.8% |
| Profit (loss) for the period before taxes9903 | €131k | €162k | €176k | €163k | €188k | ▲ 14.9% |
| Income taxes67/77 | €43k | €52k | €57k | €54k | €61k | ▲ 14.4% |
| Profit (loss) for the period9904 | €88k | €110k | €119k | €110k | €127k | ▲ 15.2% |
| Profit (loss) for the period to be appropriated9905 | €88k | €110k | €119k | €110k | €127k | ▲ 15.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €433k | €452k | €456k | €549k | €630k | ▲ 14.6% |
| Fixed assets21/28 | €269k | €259k | €252k | €245k | €266k | ▲ 8.6% |
| Tangible fixed assets22/27 | €269k | €259k | €252k | €245k | €266k | ▲ 8.6% |
| Land and buildings22 | - | €257k | €248k | €240k | €231k | ▼ 3.5% |
| Furniture and vehicles24 | - | €2k | €4k | €5k | €35k | ▲ 560% |
| Current assets29/58 | €163k | €194k | €204k | €304k | €364k | ▲ 19.5% |
| Amounts receivable within one year40/41 | €58k | €76k | €79k | €58k | €59k | ▲ 1.4% |
| Trade receivables40 | - | €34k | €64k | €52k | €55k | ▲ 6.8% |
| Other amounts receivable41 | - | €42k | €16k | €6k | €4k | ▼ 42.8% |
| Current investments50/53 | €25k | €25k | €25k | €25k | €213k | ▲ 750% |
| Cash at bank and in hand54/58 | €78k | €91k | €97k | €218k | €88k | ▼ 59.4% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €3k | €4k | ▲ 13.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €433k | €452k | €456k | €549k | €630k | ▲ 14.6% |
| Equity10/15 | €322k | €317k | €395k | €468k | €370k | ▼ 21.0% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €310k | €304k | €382k | €456k | €357k | ▼ 21.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €302k | €380k | €454k | €355k | ▼ 21.7% |
| Profit (loss) carried forward14 | €11k | - | - | - | - | - |
| Amounts payable17/49 | €110k | €136k | €62k | €81k | €260k | ▲ 220% |
| Amounts payable within one year42/48 | €109k | €135k | €61k | €80k | €259k | ▲ 224% |
| Trade debts44 | €19k | €8k | €5k | €4k | €4k | ▲ 7.2% |
| Suppliers440/4 | - | €8k | €5k | €4k | €4k | ▲ 7.2% |
| Taxes, remuneration and social security45 | - | €17k | €17k | €26k | €45k | ▲ 70.6% |
| Taxes450/3 | - | €12k | €11k | €17k | €38k | ▲ 121% |
| Remuneration and social security454/9 | - | €5k | €6k | €9k | €7k | ▼ 25.9% |
| Other amounts payable47/48 | - | €110k | €39k | €50k | €211k | ▲ 319% |
| Accrued charges and deferred income492/3 | - | €917 | €1,000 | €1k | €1k | ▼ 16.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88k | €110k | €119k | €110k | €127k | ▲ 15.2% |
| + Depreciation and write-downs630 | €26k | €10k | €11k | €11k | €18k | ▲ 71.0% |
| Operating cash flow (approximation) | €114k | €120k | €130k | €121k | €145k | ▲ 20.1% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-3k | €-39k | ▼ 1,070% |
| Change in cash | - | €12k | €7k | €121k | €-129k | ▼ 207% |
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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €127k ▲15.2%
Operating result €188k, net result €127k, both a record.
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 3.36
Current ratio from 1.43 to 3.36; short-term debt falls from €135k to €61k.
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €40k ▼13%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Eupen · 1 establishment unit since 2008
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.
Klebankgasse 164700 Eupen1 establishment unit
PIXELBAR
since 20082.174.539.565
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Of 863 companies in sector 95100 we hold annual accounts for 265. 170 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
Founded13-11-2008
Fiscal year end31-03
Activities, NACEBEL 2025
74120Graphic design and visual communication
95100Repair and maintenance of computers and communication equipment
63910Web portal activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
73110Advertising agencies
74301Translation services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.