PIXIE DEVELOPMENT
ActiveSummary
PIXIE DEVELOPMENT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,448 and a net result of -€22,552. Its solvency ranks better than 20% of 5,684 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €37,448
- Loss
- -€22,552
- Parent
- ION HOLDING · 100%
Why 82raises riskLiquidity: current ratio 21.67, cash €2,287Founded in 2023lowers riskSector: Real estate activities (NACE 68)Size: turnover €15,784, total assets €592,662Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 27% on solvency, 53% on liquidity, 38% on profitability and 53% on growth.
The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 33 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Capital & sharesCapital increase · Amendment of…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €4,045 after a loss of €47 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Return on assets (ROA).
Peer companies
Historical observationOf the 865 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96.6% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 865 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Operating income70/76A | €551,790 | €15,784 | ▼ 97.1% |
| Turnover70 | €9,000 | €15,784 | ▲ 75.4% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €542,790 | €0 | ▼ 100% |
| Operating charges60/66A | €551,837 | €11,740 | ▼ 97.9% |
| Goods for resale, raw materials and consumables60 | €542,040 | €0 | ▼ 100% |
| Purchases600/8 | €542,040 | €0 | ▼ 100% |
| Services and other goods61 | €4,586 | €8,985 | ▲ 95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,095 | €0 | ▼ 100% |
| Other operating charges640/8 | €3,116 | €2,755 | ▼ 11.6% |
| Operating profit (loss)9901 | -€47 | €4,045 | - |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Other financial income752/9 | - | €1 | - |
| Financial charges65/66B | €1,453 | €26,598 | ▲ 1,731% |
| Recurring financial charges65 | €1,453 | €26,598 | ▲ 1,731% |
| Debt charges650 | €758 | €25,973 | ▲ 3,328% |
| Other financial charges652/9 | €695 | €625 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | -€1,500 | -€22,552 | ▼ 1,404% |
| Profit (loss) for the period9904 | -€1,500 | -€22,552 | ▼ 1,404% |
| Profit (loss) for the period to be appropriated9905 | -€1,500 | -€22,552 | ▼ 1,404% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €593,042 | €592,662 | ▼ 0.1% |
| Current assets29/58 | €593,042 | €592,662 | ▼ 0.1% |
| Stocks and contracts in progress3 | €590,375 | €590,375 | = |
| Stocks30/36 | €590,375 | €590,375 | = |
| Property held for sale35 | €590,375 | €590,375 | = |
| Amounts receivable within one year40/41 | €24 | €0 | ▼ 100% |
| Other amounts receivable41 | €24 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2,643 | €2,287 | ▼ 13.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €593,042 | €592,662 | ▼ 0.1% |
| Equity10/15 | €60,000 | €37,448 | ▼ 37.6% |
| Contributions10/11 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€1,500 | -€24,052 | ▼ 1,504% |
| Amounts payable17/49 | €533,042 | €555,215 | ▲ 4.2% |
| Amounts payable after more than one year17 | €503,345 | €491,178 | ▼ 2.4% |
| Financial debts170/4 | €503,345 | €491,178 | ▼ 2.4% |
| Credit institutions173 | €316,945 | €270,278 | ▼ 14.7% |
| Other loans174 | €186,400 | €220,900 | ▲ 18.5% |
| Amounts payable within one year42/48 | €4,321 | €27,348 | ▲ 533% |
| Current portion of amounts payable after more than one year42 | - | €23,333 | - |
| Trade debts44 | €4,321 | €2,779 | ▼ 35.7% |
| Suppliers440/4 | €4,321 | €2,779 | ▼ 35.7% |
| Taxes, remuneration and social security45 | - | €1,236 | - |
| Taxes450/3 | - | €1,236 | - |
| Accrued charges and deferred income492/3 | €25,376 | €36,689 | ▲ 44.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,500 | -€22,552 | ▼ 1,404% |
| + Depreciation and write-downs630 | €2,095 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €595 | -€22,552 | - |
| Change in cash | - | -€356 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 29-06-2026 | 2026-00237379 |
| 31-12-2024 | full format | 27-06-2025 | 2025-00202082 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- ION HOLDING
- PIXIE DEVELOPMENT
Highest known parent: ION HOLDING. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- ION HOLDING (BE 0840.549.639) 377 shares · €231,900 in kind
- ION HOLDING (BE 0840.549.639) all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 23-06-2026 Capital increase of €231,900 · to €293,400 · 377 new shares · “omzetting van schuld (aandeelhouderslening)”
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
23-06
Gazette deed
Capital & sharesCapital increase · Amendment of the articles · Capital contribution12 facts ▸
- General meeting, 17-06-2026
- Capital increase, €231,900
- Other provision, “vrijstelling verslagen bij inbreng, artikel 7:197 §2 3° Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Other provision, “jaarrekening voorgaande boekjaar, waarderingsbron inbreng” (deed in Dutch)
- Other provision, “geen herwaardering door bestuursorgaan, geen nieuwe bijzondere omstandigheden met aanzienlijke wijziging waarde ingebracht goed op datum van heden” (deed in Dutch)
- Other provision, “geen waarderingseis individuele aandeelhouder, geen waardering ex artikel 7:197 §1 te eisen” (deed in Dutch)
- Other provision, “deze kapitaalverhoging, afstand voorkeurrecht” (deed in Dutch)
- Amendment of the articles, 5 (2 times)
- Capital contribution, €231,900
- Capital, €293,400
- Power of attorney
- Shareholding, 477, “Zesde beslissing” (deed in Dutch)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 15 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Voorkeurrecht bij kapitaalverhoging door inbreng in natura, voorzien niet in voorkeurrecht” (deed in Dutch)2 more provisions in the deed, see the deed of 23-06-2026
Read from the deeds: 3 provisions, deed of 23-06-2026