Equity
€5.0m =
Pixma has made a profit without a break since 2023.
Pixma
Lifetime
18 annual accounts with figures on one time axispeak €4.7m (2024)
€2.9m▼ 38.3%
lowest -€903,432 (2022)
€2.8m▼ 12.1%
peak €5.0m (2024)
€5.0munchanged
€16.9m▲ 18.3%
peak 8.8 FTE (2021)
1.5 FTE
Board7 names since 2015
1 directorNEXIRA
Owners
100%NEXIRA
Documentsfilings and deeds
28-07-20263 days before the deadline
2025abbreviated format
Gross margin from €4.7m to €2.9mDebts from €14.3m to €16.9m
Key points
from the 2025 annual accountsTurnover
≈ €4.9m estimated
The abbreviated format states no turnover.
Debts
€16.9m 77% of the balance sheet
Financial debts 2%Suppliers 0%Taxes and wages 0%Other 97%
Staff
1.5 FTE from 8.8 in 2021
Between 2021 and 2025, 83% of the full-time equivalents disappeared.
Filings
18 annual accounts since 2007
The 2020 accounts came 4 days late. The other nine of the last ten were filed on time.
Position in the sector
€2.8m
Higher net result than 95% of companies in advertising and market research. Sector median €16,264 · 2,088 companies.
Checked score
69
Healthy
Financially stronger than 35% of micro companies in advertising and market research (NACE 73)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.68
Equity €5.0m (22.9% of total assets)
lowers risk
Founded in 2007
Size: 1.5 FTE, total assets €22.0m
Calculation
The band follows from the bankruptcy probability. 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 73, micro). It does better than 28% of them on solvency, 9% on liquidity, 61% on profitability and 43% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as Pixma has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Pixma itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for Pixma. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €340,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.68 (0.63 in 2024), below 1. Short-term debt is 77.1% of total assets. 77.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
2 days early
2023
5 days early
2022
on the day
2021
11 days early
2020
4 days late
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0889541666
1 director appointed, 4 resignations
Resignations: Wendy Clijmans, Jean-Pierre Kokx, Sarah Verhees and Jonas Verhees · Appointment: Nexira BV (managing director) · Permanent representative: Jean-Pierre Kokx · General meeting of 25-11-2024 · Gazette deed
Resignation: Verhees, Eline Julie (director)
General meeting of 28-08-2023 · Gazette deed
Resignation: Bilal Aouizagh (director)
General meeting of 31-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Pixma Turnhout | €22.0m | €2.9m | 22.9% | 1.5 |
| E-STATE Uccle | €55.5m | €0.8m | 91.4% | 1 |
| MHK BELGIUM Eupen | €10.1m | €2.0m | 32.0% | 6.7 |
| THE MARKETING, TECHNOLOGY AND INNOVATION INSTITUTE Wijnegem | €16.0m | €0.7m | 29.7% | - |
| TELLYGENCE KNOWLEDGE NETWORK Antwerp | €12.2m | €0.7m | 10.4% | - |
| EQUITY Woluwe-Saint-Pierre | €13.1m | €1.3m | 79.9% | - |
| COMMERCIAL FINANCE GROUP Dilbeek | €10.6m | €0.5m | 2.7% | 4 |
These companies have the same main activity as Pixma: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €10m and €56m, founded between 1997 and 2001.
Official details
Source: KBO- Status
- Active since 21-05-2007Normal situation
- Activity
- Market research and public opinion pollingNACE 73200and 3 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.163.156.7152381 Ravels, since 14-05-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- €22.0m▲ 13.5%
- Employeeson 31-12-2025
- 3
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on Pixma
Pixma files the abbreviated format. That format states no turnover. The gross margin rose from -€5,175 in 2007 to €2.9m in 2025.
NEXIRA holds all the shares. In November 2024, four directors stepped down. In December 2024, the Official Gazette published the appointment of NEXIRA as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Pixma
- What is the company number of Pixma?
- The company number of Pixma is 0889.541.666. The VAT number is the same number with BE in front: BE 0889.541.666.
- Where is Pixma based?
- The registered office is at Steenweg op Gierle 258, 2300 Turnhout.Company details
- What does Pixma do?
- According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
- What is the legal form of Pixma?
- Pixma is a private limited company (BV).
- When was Pixma founded?
- Pixma was founded on 21-05-2007.
- Is Pixma still active?
- Yes, Pixma is an active enterprise in the KBO register.
- How many employees does Pixma have?
- Pixma had an average of 1.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Pixma fall under?
- In its 2025 annual accounts, Pixma states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Pixma?
- The turnover in financial year 2025 is ≈ €4.9m. This figure is estimated from the gross margin of €2.9m and 1,586 comparable companies of the same size. It probably lies between €3.3m and €8.1m. It is a rough estimate.
- Is Pixma profitable?
- In financial year 2025, Pixma made a profit of €2.8m.
- Where can I find the annual accounts of Pixma?
- Pixma filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Pixma due?
- Pixma must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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