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PIXGLASS

Active
Private limited companyfounded 201511 yrs activeDrève Richelle 161, 1410 Waterloo, BelgiumKBO/BCE: BE 0629.709.152
Summary

The computed 12-month bankruptcy probability of PIXGLASS is 1.6% (moderate). The 2024 annual accounts show negative equity (-€47,499) and a net result of -€1,854. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 2771 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
PIXGLASSActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Other amusement and recreation activities
NACE 93299
1 site
Size
€2,425total assets 2024
Equity
-€47,499
Loss
-€1,854
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2024
Bankruptcy chance 12 m
1.6%
Structure
Accounts 67 d overdue0 of 4 deeds read
Why 53Capped at 59: negative equity- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late- Negative equity -€47,499+ Size: total assets €2,425+ Sector Sports, amusement and recreation activities (NACE 93)Show the evidence

Checked score

Score 2024
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 18% of its sector peers (NACE 93, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -1959.0% of total assets
Liquidity 21+21
short-term debt 2059.0% · cash 16.8%
Profitability 0=
return on assets -76.5%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,256 companies)
Last 24 months 11-2024: 2.2% 12-2024: 2.7%▲ +22.4% vs 11-2024 01-2025: 6.1%▲ +126% vs 12-2024 02-2025: 6.1%● 0.0% vs 01-2025 03-2025: 6.0%▼ -0.8% vs 02-2025 04-2025: 6.0%▼ -0.4% vs 03-2025 05-2025: 5.5%▼ -8.1% vs 04-2025 06-2025: 5.3%▼ -4.6% vs 05-2025 07-2025: 5.5%▲ +3.7% vs 06-2025 08-2025: 5.6%▲ +3.3% vs 07-2025 09-2025: 6.1%▲ +7.8% vs 08-2025 10-2025: 7.3%▲ +20.1% vs 09-2025highest value 11-2025: 2.8%▼ -61.1% vs 10-2025 12-2025: 2.8%● 0.0% vs 11-2025 01-2026: 2.8%● 0.0% vs 12-2025 02-2026: 2.8%● 0.0% vs 01-2026 03-2026: 2.8%▼ -1.6% vs 02-2026 04-2026: 2.8%▲ +0.6% vs 03-2026 05-2026: 2.6%▼ -9.2% vs 04-2026 06-2026: 2.5%▼ -2.3% vs 05-2026 07-2026: 2.7%▲ +7.9% vs 06-2026 08-2026: 1.6%▼ -42.2% vs 07-2026lowest value 09-2026: 1.6%▲ +2.0% vs 08-2026 10-2026: 1.6%▼ -0.3% vs 09-2026
  • Size: total assets €2,425 lowers the probability for this profile
  • Sector Sports, amusement and recreation activities (NACE 93) lowers the probability
  • 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late raises the probability
  • Negative equity -€47,499 raises the probability
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 93, micro). Better than this share of them on solvency 9%, liquidity 18%, profitability 7%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €2,425
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Sports, amusement and recreation activities (NACE 93)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Negative equity -€47,499
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€47,499
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 9 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
118 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
89 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 60 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€47,499 View
  • Caution: Among the weakest 5% on solvencysector median 28.5% · 2,771 companies -87232.5% View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€1,854 View

By topic

Financials

Fiscal year
2024
Total assets
€2,425
Loss
-€1,854
Solvency
-1959.0%
Total assets▲ 7.5%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2017
  1. 30-09-2025Annual accounts filed
  2. 26-11-2024Annual accounts filed
  3. 01-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other amusement and recreation activitiesNACE 93299
Founded
30-04-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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