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PIXRED

Active
Private limited companyfounded 20214 yrs activeBoulevard de France 9, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0775.583.888
Summary

The computed 12-month bankruptcy probability of PIXRED is 2.4% (moderate). The 2025 annual accounts show equity of €23,354 and a net result of €4,274. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 28806 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability86▼-3
Solvency100▲+11
Growth52=
Track record94
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.27 against 2.29 in 2024; short-term debt: 23.9% and cash: 29% of total assets), and 23.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
76.1%
Return on assets
13.9%
Age of the figures
12 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
3 d early
2024
9 d late
2023
1 d early
2022
9 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 4 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 5 May (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
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

History

PIXRED was incorporated on 11 October 2021 as a Private limited company.1 Total assets rose from EUR 20,085 in 2022 to EUR 30,706 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€23,354▲ 22.4%
2024 · €19,080
Total assets
€30,706▲ 3.4%
2024 · €29,689
Net result
€4,274▼ 9.1%
2024 · €4,703
Working capital
€16,693▲ 22.2%
2024 · €13,661
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€12,529-€6,675▼ 46.7%€8,962▲ 34.3%€7,841▼ 12.5%
Net result€6,729within the sector's middle half-€2,648within the sector's middle half▼ 60.6%€4,703within the sector's middle half▲ 77.6%€4,274within the sector's middle half▼ 9.1%
Equity€11,729below the sector's middle half-€14,377below the sector's middle half▲ 22.6%€19,080below the sector's middle half▲ 32.7%€23,354within the sector's middle half▲ 22.4%
Total assets€20,085below the sector's middle half-€19,758below the sector's middle half▼ 1.6%€29,689below the sector's middle half▲ 50.3%€30,706below the sector's middle half▲ 3.4%
Debt€8,356-€5,381▼ 35.6%€10,610▲ 97.2%€7,352▼ 30.7%
Working capital€9,037within the sector's middle half-€10,996within the sector's middle half▲ 21.7%€13,661within the sector's middle half▲ 24.2%€16,693within the sector's middle half▲ 22.2%
Solvency58.4%within the sector's middle half-72.8%above the sector's middle half▲ 14.4pp64.3%within the sector's middle half▼ 8.5pp76.1%above the sector's middle half▲ 11.8pp
Current ratio2.08within the sector's middle half-3.04within the sector's middle half▲ 0.962.29within the sector's middle half▼ 0.763.27within the sector's middle half▲ 0.98
Return on assets (ROA)33.5%above the sector's middle half-13.4%within the sector's middle half▼ 20.1pp15.8%within the sector's middle half▲ 2.4pp13.9%within the sector's middle half▼ 1.9pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000Operating result 2022: €12,529€12,529Net result 2022: €6,729€6,729Operating result 2023: €6,675€6,675Net result 2023: €2,648€2,648Operating result 2024: €8,962€8,962Net result 2024: €4,703€4,703Operating result 2025: €7,841€7,841Net result 2025: €4,274€4,2742022202320242025€0€2,500€5,000€7,500€10,000Operating result 2023: €6,675€6,670Net result 2023: €2,648€2,650Operating result 2024: €8,962€8,960Net result 2024: €4,703€4,700Operating result 2025: €7,841€7,840Net result 2025: €4,274€4,270202320242025
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30,706
Fixed assets €6,660 ▲ 22.9%
Current assets €24,045 ▼ 0.9%
Equity and liabilities €30,706
Equity €23,354 ▲ 22.4%
Debt €7,352 ▼ 30.7%
Debt's share of the balance-sheet total falls from 35.7% to 23.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€10,705▼
2024 · €11,193
Cash flow
€7,137▲
2024 · €6,933
Debt to equity
0.31▼
2024 · 0.56
ROE
18.3%▼
2024 · 24.6%
Interest coverage
15.88▼
2024 · 20.98
Debt ≤ 1 year
€7,352▼
2024 · €10,610
Income taxes
€2,893▼
2024 · €3,726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 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 39,278 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€29,689€30,706▲
Fixed assets21/28€5,419€6,660▲
Tangible fixed assets22/27€5,372€6,613▲
Plant, machinery and equipment23€5,243€3,053▼
Furniture and vehicles24€128€3,560▲
Financial fixed assets28€47€47=
Current assets29/58€24,271€24,045▼
Stocks and contracts in progress3€984-
Stocks30/36€984-
Amounts receivable within one year40/41€19,662€15,154▼
Trade receivables40€19,662€13,048▼
Other amounts receivable41-€2,107
Cash at bank and in hand54/58€3,626€8,891▲
Equity and liabilities
Total equity and liabilities10/49€29,689€30,706▲
Equity10/15€19,080€23,354▲
Contributions10/11€5,000€5,000=
Reserves13€14,080€18,354▲
Distributable reserves133€14,080€18,354▲
Amounts payable17/49€10,610€7,352▼
Amounts payable within one year42/48€10,610€7,352▼
Financial debts43€814€1,485▲
Credit institutions430/8€814€1,485▲
Trade debts44€3,050€2,970▼
Suppliers440/4€3,050€2,970▼
Advances received on contracts in progress46€936-
Taxes, remuneration and social security45€4,405€1,701▼
Taxes450/3€4,405€1,701▼
Other amounts payable47/48€1,405€1,195▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,230€2,863▲
Other operating charges640/8€415€999▲
Non-recurring operating charges66A€801-
Gross operating margin9900€12,408€11,704▼
Operating profit (loss)9901€8,962€7,841▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€534€674▲
Recurring financial charges65€534€674▲
Profit (loss) for the period before taxes9903€8,429€7,168▼
Income taxes67/77€3,726€2,893▼
Profit (loss) for the period9904€4,703€4,274▼
Profit (loss) for the period to be appropriated9905€4,703€4,274▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,703€4,274▼
Transfer to equity691/2€4,703€4,274▼
To other reserves6921€4,703€4,274▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€459€1,931€2,230€2,863▲ 28.4%
Other operating charges640/8€1,313€486€415€999▲ 141%
Non-recurring operating charges66A--€801--
Gross operating margin9900€14,301€9,091€12,408€11,704▼ 5.7%
Operating profit (loss)9901€12,529€6,675€8,962€7,841▼ 12.5%
Financial income75/76B€5€5-€0-
Recurring financial income75€5€5-€0-
Financial charges65/66B€350€637€534€674▲ 26.4%
Recurring financial charges65€350€637€534€674▲ 26.4%
Profit (loss) for the period before taxes9903€12,184€6,044€8,429€7,168▼ 15.0%
Income taxes67/77€5,455€3,396€3,726€2,893▼ 22.3%
Profit (loss) for the period9904€6,729€2,648€4,703€4,274▼ 9.1%
Profit (loss) for the period to be appropriated9905€6,729€2,648€4,703€4,274▼ 9.1%
Line2022202320242025Change
Assets
Total assets20/58€20,085€19,758€29,689€30,706▲ 3.4%
Fixed assets21/28€2,692€3,381€5,419€6,660▲ 22.9%
Tangible fixed assets22/27€2,645€3,334€5,372€6,613▲ 23.1%
Plant, machinery and equipment23€2,104€2,999€5,243€3,053▼ 41.8%
Furniture and vehicles24€541€335€128€3,560▲ 2,673%
Financial fixed assets28€47€47€47€47=
Current assets29/58€17,393€16,378€24,271€24,045▼ 0.9%
Stocks and contracts in progress3-€1,645€984--
Stocks30/36-€1,645€984--
Amounts receivable within one year40/41€9,246€9,671€19,662€15,154▼ 22.9%
Trade receivables40€6,483€7,974€19,662€13,048▼ 33.6%
Other amounts receivable41€2,763€1,697-€2,107-
Cash at bank and in hand54/58€8,147€5,062€3,626€8,891▲ 145%
Equity and liabilities
Total equity and liabilities10/49€20,085€19,758€29,689€30,706▲ 3.4%
Equity10/15€11,729€14,377€19,080€23,354▲ 22.4%
Contributions10/11€5,000€5,000€5,000€5,000=
Reserves13€6,729€9,377€14,080€18,354▲ 30.4%
Distributable reserves133€6,729€9,377€14,080€18,354▲ 30.4%
Amounts payable17/49€8,356€5,381€10,610€7,352▼ 30.7%
Amounts payable within one year42/48€8,356€5,381€10,610€7,352▼ 30.7%
Financial debts43-€15€814€1,485▲ 82.4%
Credit institutions430/8-€15€814€1,485▲ 82.4%
Trade debts44€1,175€1,522€3,050€2,970▼ 2.6%
Suppliers440/4€1,175€1,522€3,050€2,970▼ 2.6%
Advances received on contracts in progress46--€936--
Taxes, remuneration and social security45€6,441€3,396€4,405€1,701▼ 61.4%
Taxes450/3€6,036€3,396€4,405€1,701▼ 61.4%
Remuneration and social security454/9€405----
Other amounts payable47/48€740€449€1,405€1,195▼ 14.9%
Line2022202320242025Change
Profit (loss) for the period9904€6,729€2,648€4,703€4,274▼ 9.1%
+ Depreciation and write-downs630€459€1,931€2,230€2,863▲ 28.4%
Operating cash flow (approximation)€7,188€4,579€6,933€7,137▲ 2.9%
Investment in fixed assets (approximation)--€2,619-€4,268-€4,105▲ 3.8%
Change in cash--€3,086-€1,436€5,265▲ 467%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
27-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
09-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
29-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Weakest financial yearnet €2,648 ▼60.6%
Net result drops to €2,648, the lowest in the series; recovery starts the following year.
09-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
1,110 m²
Volume, LiDAR
14,818 m³
2 parcels, Wallonia · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
101 companies at this address See who is registered here
1 establishment unit
PIXRED
Rue du Nicage 22, 1420 Braine-l'AlleudGeneral electrical installation work
since 20212.323.096.451
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25744D0293/00R003 Wallonia 7,876 m² 1 · 860 m² 17.9 m · 5 fl.
25742B0547/00_000 Wallonia 3,815 m² 1 · 250 m² 14.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 22,818 companies in this sector we hold annual accounts for 10,343. 7,542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded11-10-2021
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0775583888
Also 9925:BE0775583888
Registered 17-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.