Checked.be
Active
BE 0799.216.256Public limited company
PIXIE DEVELOPMENT
Vredestraat 53 ·8790 Waregem, Belgium· 3 yrs active
Sector: Real estate rental
(68203)
Conclusion
The computed 12-month bankruptcy probability of PIXIE DEVELOPMENT is 0.9% (low). The 2024 annual accounts show equity of €60k and a net result of €-1k. Its solvency ranks better than 44% of 760 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €60k |
| Net result | €-1k |
| Better than sector | 44% |
| Active | 3 yrs |
Snowflake analysis
51
/ 100
Mixed profile: strong on stability, weaker on profitability.
Health
51
Profitability
33
Solvency
40
Growth
50
Stability
79
Bankruptcy probability (12 mo)
0.9%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
No administrative flags
Health barometer
51
/ 100
Fair
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-06-2025 with the NBB · fiscal year 2024 · volledig
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 10.1% | 16.2% | |
| Net result | €-1k | €-2k | |
| Equity | €60k | €128k | |
| Total assets | €593k | €1.70M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Revenue | €9k |
| EBITDA | €2k |
| Net profit | €-1k |
| Cash flow | €595 |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €593k |
| Equity | €60k |
| Debt | €533k |
| of which ≤ 1y | €4k |
| of which > 1y | €503k |
| Working capital | €589k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 137.25 |
| Quick ratio | 0.62 |
| Working capital ratio | 99.3% |
| Solvency | 10.1% |
| Debt / equity | 8.88 |
| Long-term debt ratio | 8.39 |
| Interest coverage | 2.70 |
| Gross margin | -5922.7% |
| Net margin | -16.7% |
| ROA | -0.3% |
| ROE | -2.5% |
| EBITDA margin | 22.8% |
| Days sales outstanding | 1d |
| Days payable outstanding | 3d |
| Inventory turnover | 0.92 |
| Days inventory (DSI) | 398d |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €593k |
| Current assets | 29/58 | €593k |
| Stocks & contracts in progress | 3 | €590k |
| Amounts receivable within one year | 40/41 | €24 |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €593k |
| Equity | 10/15 | €60k |
| Contributions / capital | 10/11 | €62k |
| Accumulated profits (losses) | 14 | €-1k |
| Amounts payable | 17/49 | €533k |
| Amounts payable after one year | 17 | €503k |
| Amounts payable within one year | 42/48 | €4k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Turnover | 70 | €9k |
| Operating result | 9901 | €-47 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-1k |
| Net result for the period | 9904 | €-1k |
| Result to be appropriated | 9905 | €-1k |
Ratios computed by Checked.
Legal Structure
| NACE primary | Real estate rental(68203) |
| Legal form | Public limited company(014) |
| Incorporation | 06-03-2023 |
| Status | Active |
| Postal code | 8790 |
Establishment units
Pixie Development NV
since 20232.343.206.531
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
27-06-2025
NBB filing
Annual accounts filed
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | PIXIE DEVELOPMENT |
Registered office
Vredestraat 53
8790 Waregem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies
De Grooten Hof
BE 0400.217.446 · Geraardsbergen
NEO INVEST
BE 0404.406.163 · Liège
AMYSEJ
BE 0401.581.186 · Ham-sur-Heure-Nalinnes
Etablissements Gerard Koninckx Frères
BE 0404.839.297 · Antwerpen
Debees
BE 0419.282.894 · Mechelen