PIXELS - MOUTHUY
ActivePIXELS - MOUTHUY has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €-11k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 951 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9=
Solvency87▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 11.52 against 9.64 in 2024; short-term debt: 8.7% and cash: 68.3% of total assets), and 37.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.4%
Return on assets
-8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
47 d late
2023
27 d late
2022
3 d early
2021
3 d early
2020
61 d late
2019
66 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€86k▼ 11.3%
2024 · €97k
2018: €65k
2019: €84k
2020: €102k
2021: €122k
2022: €133k
2023: €110k
2024: €97k
2018 → 2025
Total assets
€138k▼ 9.7%
2024 · €153k
2018: €183k
2019: €176k
2020: €190k
2021: €204k
2022: €223k
2023: €170k
2024: €153k
2018 → 2025
Net result
€-11k▲ 11.3%
2024 · €-12k
2018: €-31k
2019: €19k
2020: €18k
2021: €20k
2022: €11k
2023: €-23k
2024: €-12k
2018 → 2025
Working capital
€126k▼ 8.0%
2024 · €137k
2018: €105k
2019: €124k
2020: €142k
2021: €162k
2022: €172k
2023: €149k
2024: €137k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€133k▲ 9.2%€110k▼ 17.5%€97k▼ 11.3%€86k▼ 11.3%
Operating result€30k-€17k▼ 42.1%€-21k€-10k▲ 50.7%€-9k▲ 9.7%
Net result€20k-€11k▼ 44.3%€-23k€-12k▲ 46.7%€-11k▲ 11.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €10k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138k
Fixed assets
€109▼ 52.2%
Current assets
€138k▼ 9.7%
Equity and liabilities €138k
Equity
€86k▼ 11.3%
Provisions
€40k=
Debt
€12k▼ 24.4%
The debt ratio falls from 10.4% to 8.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-9k▲
2024 · €-10k
Cash flow
€-11k▲
2024 · €-12k
Solvency
62.4%▼
2024 · 63.5%
Current ratio
11.52▲
2024 · 9.64
Quick ratio
11.52▲
2024 · 9.64
Debt / equity
0.14▼
2024 · 0.16
ROE
-12.8%=
2024 · -12.8%
ROA
-8.0%▲
2024 · -8.1%
Interest coverage
-5.44▼
2024 · -4.65
Debt
€12k▼
2024 · €16k
Debt ≤ 1 year
€12k▼
2024 · €16k
Income taxes
€193▼
2024 · €220
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€153k€138k▼
Fixed assets21/28€228€109▼
Tangible fixed assets22/27€119€0▼
Furniture and vehicles24€119€0▼
Financial fixed assets28€109€109=
Current assets29/58€153k€138k▼
Amounts receivable within one year40/41€150k€43k▼
Trade receivables40€57k€39k▼
Other amounts receivable41€93k€4k▼
Cash at bank and in hand54/58€2k€94k▲
Deferred charges and accrued income490/1€668€739▲
Equity and liabilities
Total equity and liabilities10/49€153k€138k▼
Equity10/15€97k€86k▼
Contributions10/11€19k€19k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€15k€15k=
Profit (loss) carried forward14€62k€51k▼
Provisions and deferred taxes16€40k€40k=
Provisions for liabilities and charges160/5€40k€40k=
Other liabilities and charges164/5€40k€40k=
Amounts payable17/49€16k€12k▼
Amounts payable within one year42/48€16k€12k▼
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Taxes, remuneration and social security45€3k€392▼
Taxes450/3€3k€392▼
Other amounts payable47/48€6k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€580€119▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€0▼
Other operating charges640/8€110€6k▲
Gross operating margin9900€6k€-3k▼
Operating profit (loss)9901€-10k€-9k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-12k€-11k▲
Income taxes67/77€220€193▼
Profit (loss) for the period9904€-12k€-11k▲
Profit (loss) for the period to be appropriated9905€-12k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€51k▼
Profit (loss) brought forward from the previous period14P€74k€62k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €20k ▲13.6%
Operating result €30k, net result €20k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €100kEq €102k ▲21%
2 profitable years in a row build equity to €102k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Courcelles · 1 establishment unit since 1995
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.
Rue Paul Janson(ST) 166182 CourcellesGround area
1,193 m²
Building footprint
142 m²
Parcel 52064B0132/00E003, Wallonia. Linked by address, not a title deed.
1 establishment unit
PIXELS - MOUTHUY
since 19952.071.110.247
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52064B0132/00E003 | Wallonia | 1,193 m² | 1 · 142 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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DACTY-MOT
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Wanze · Eq €87k
CREERCOLLER
BE 0830.882.697
Dinant · Eq €86k
JB - SIGNS
BE 0453.955.347
Zulte · Eq €87k
DYNAPRINT
BE 0450.725.643
Sint-Joost-ten-Node · Eq €86k
Of 2,856 companies in sector 18130 we hold annual accounts for 831. 697 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-03-1995
Fiscal year end31-12
Activities, NACEBEL
18130Pre-press and pre-media services
22250
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.