PIXELO
ActiveSummary
PIXELO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,874 and a net result of €3,383. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 14.23 against 7.47 in 2024; short-term debt: 6.9% and cash: 66.4% of total assets), and 6.9% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
93.1%
Return on assets
7.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
27 d late
2024
7 d early
2023
7 d early
2022
26 d early
2021
26 d late
2020
30 d late
2019
27 d late
← 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 10 days after the deadline; the sector median for financial year 2024 is 9 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
€41,874▲ 8.8%
2024 · €38,490
Total assets
€44,973▲ 2.0%
2024 · €44,102
Net result
€3,383▲ 61.6%
2024 · €2,093
Working capital
€40,992▲ 12.9%
2024 · €36,298
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€9,555€12,845▲ 34.4%€3,340▼ 74.0%€2,680▼ 19.7%€4,371▲ 63.1%
Net result€9,437€11,049▲ 17.1%€2,650▼ 76.0%€2,093▼ 21.0%€3,383▲ 61.6%
Equity€22,699▲ 71.2%€33,748▲ 48.7%€36,398▲ 7.9%€38,490▲ 5.8%€41,874▲ 8.8%
Total assets€31,204▲ 59.2%€40,798▲ 30.7%€42,729▲ 4.7%€44,102▲ 3.2%€44,973▲ 2.0%
Debt€8,504▲ 34.2%€7,050▼ 17.1%€6,331▼ 10.2%€5,612▼ 11.4%€3,099▼ 44.8%
Working capital€21,043▲ 58.7%€32,766▲ 55.7%€33,234▲ 1.4%€36,298▲ 9.2%€40,992▲ 12.9%
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 63% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,973
Fixed assets
€881 ▼ 59.8%
Current assets
€44,092 ▲ 5.2%
Equity and liabilities €44,973
Equity
€41,874 ▲ 8.8%
Debt
€3,099 ▼ 44.8%
Debt's share of the balance-sheet total falls from 12.7% to 6.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,683▲
2024 · €4,185
Cash flow
€4,695▲
2024 · €3,598
Current ratio
14.23▲
2024 · 7.47
Debt to equity
0.07▼
2024 · 0.15
ROE
8.1%▲
2024 · 5.4%
ROA
7.5%▲
2024 · 4.7%
Interest coverage
43.34▲
2024 · 35.72
Debt ≤ 1 year
€3,099▼
2024 · €5,612
Income taxes
€880▲
2024 · €500
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 | €368 | €675 | €1,220 | €1,505 | €1,312 | ▼ 12.8% |
| Other operating charges640/8 | €360 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €10,284 | €13,867 | €4,944 | €4,572 | €6,083 | ▲ 33.0% |
| Operating profit (loss)9901 | €9,555 | €12,845 | €3,340 | €2,680 | €4,371 | ▲ 63.1% |
| Financial income75/76B | - | - | €10 | €30 | €23 | ▼ 23.2% |
| Recurring financial income75 | - | - | €10 | €30 | €23 | ▼ 23.2% |
| Financial charges65/66B | €118 | €104 | €105 | €117 | €131 | ▲ 11.9% |
| Recurring financial charges65 | €118 | €104 | €105 | €117 | €131 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €9,437 | €12,741 | €3,245 | €2,593 | €4,263 | ▲ 64.4% |
| Income taxes67/77 | - | €1,692 | €595 | €500 | €880 | ▲ 76.0% |
| Profit (loss) for the period9904 | €9,437 | €11,049 | €2,650 | €2,093 | €3,383 | ▲ 61.6% |
| Profit (loss) for the period to be appropriated9905 | €9,437 | €11,049 | €2,650 | €2,093 | €3,383 | ▲ 61.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,204 | €40,798 | €42,729 | €44,102 | €44,973 | ▲ 2.0% |
| Fixed assets21/28 | €1,656 | €982 | €3,174 | €2,193 | €881 | ▼ 59.8% |
| Tangible fixed assets22/27 | €1,656 | €982 | €3,174 | €2,193 | €881 | ▼ 59.8% |
| Furniture and vehicles24 | €1,656 | €982 | €3,174 | €2,193 | €881 | ▼ 59.8% |
| Current assets29/58 | €29,548 | €39,816 | €39,555 | €41,909 | €44,092 | ▲ 5.2% |
| Amounts receivable within one year40/41 | €12,687 | €13,448 | €16,030 | €17,062 | €14,171 | ▼ 16.9% |
| Trade receivables40 | €12,687 | €13,400 | €14,284 | €14,505 | €13,317 | ▼ 8.2% |
| Other amounts receivable41 | - | €49 | €1,746 | €2,558 | €854 | ▼ 66.6% |
| Cash at bank and in hand54/58 | €16,254 | €25,241 | €23,083 | €24,847 | €29,863 | ▲ 20.2% |
| Deferred charges and accrued income490/1 | €607 | €1,127 | €442 | - | €58 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,204 | €40,798 | €42,729 | €44,102 | €44,973 | ▲ 2.0% |
| Equity10/15 | €22,699 | €33,748 | €36,398 | €38,490 | €41,874 | ▲ 8.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €2,239 | €13,288 | €15,938 | €18,030 | €21,414 | ▲ 18.8% |
| Amounts payable17/49 | €8,504 | €7,050 | €6,331 | €5,612 | €3,099 | ▼ 44.8% |
| Amounts payable within one year42/48 | €8,504 | €7,050 | €6,321 | €5,612 | €3,099 | ▼ 44.8% |
| Trade debts44 | €824 | €1,295 | €1,623 | €1,096 | €1,067 | ▼ 2.7% |
| Suppliers440/4 | €824 | €1,295 | €1,623 | €1,096 | €1,067 | ▼ 2.7% |
| Taxes, remuneration and social security45 | €7,521 | €5,755 | €4,698 | €4,515 | €2,033 | ▼ 55.0% |
| Taxes450/3 | €1,392 | €3,695 | €2,263 | €2,054 | €2,033 | ▼ 1.1% |
| Remuneration and social security454/9 | €6,129 | €2,060 | €2,435 | €2,461 | - | - |
| Other amounts payable47/48 | €160 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €10 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,437 | €11,049 | €2,650 | €2,093 | €3,383 | ▲ 61.6% |
| + Depreciation and write-downs630 | €368 | €675 | €1,220 | €1,505 | €1,312 | ▼ 12.8% |
| Operating cash flow (approximation) | €9,805 | €11,723 | €3,869 | €3,598 | €4,695 | ▲ 30.5% |
| Investment in fixed assets (approximation) | - | €0 | -€3,412 | -€524 | €0 | ▲ 100% |
| Change in cash | - | €8,987 | -€2,158 | €1,764 | €5,016 | ▲ 184% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €11,049 ▲17.1%
Operating result €12,845, net result €11,049, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €9,437
Net result €9,437 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet -€12,168
Net result drops to -€12,168, the lowest in the series; recovery starts the following year.
24-07
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, Elsene · 1 establishment unit since 2018
Ground area
273 m²
Building footprint
77 m²
Volume, LiDAR
763 m³
Parcel 21443C0237/00G008, Brussels · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Boondaalse Steenweg 232, 1050 Elsene
since 20182.271.523.729
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0237/00G008 | Brussels | 273 m² | 1 · 77 m² | 13.3 m · 4 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 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,048 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
Founded08-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.