PIXURAL
ActiveSummary
The annual accounts of PIXURAL for fiscal year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €13,392 and a net result of -€35,356. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 11508 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-38
Solvency39▼-17
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.3 against 1.58 in 2024; short-term debt: 70.4% and cash: 56% of total assets), and 85.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.1%
Return on assets
-37.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
22 d early
2023
15 d early
2022
2 d late
2021
45 d late
2020
89 d late
2019
402 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€13,392▼ 72.5%
2024 · €48,748
Total assets
€95,203▼ 39.6%
2024 · €157,677
Net result
-€35,356
2024 · €12,393
Working capital
€19,832▼ 58.5%
2024 · €47,823
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,834▼ 67.7%€34,418▲ 168%€35,223▲ 2.3%€56,172▲ 59.5%€18,393▼ 67.3%
Net result€8,009within the sector's middle half▼ 74.0%€26,534within the sector's middle half▲ 231%€26,196above the sector's middle half▼ 1.3%€12,393within the sector's middle half▼ 52.7%-€35,356below the sector's middle half
Equity€23,421within the sector's middle half▼ 70.7%€36,355within the sector's middle half▲ 55.2%€36,355within the sector's middle half=€48,748within the sector's middle half▲ 34.1%€13,392within the sector's middle half▼ 72.5%
Total assets€83,735within the sector's middle half▼ 34.6%€99,623within the sector's middle half▲ 19.0%€135,764within the sector's middle half▲ 36.3%€157,677within the sector's middle half▲ 16.1%€95,203within the sector's middle half▼ 39.6%
Debt€60,313▲ 25.4%€63,268▲ 4.9%€99,409▲ 57.1%€108,929▲ 9.6%€81,811▼ 24.9%
Working capital€32,678within the sector's middle half▼ 60.7%€38,185within the sector's middle half▲ 16.9%€25,362within the sector's middle half▼ 33.6%€47,823within the sector's middle half▲ 88.6%€19,832within the sector's middle half▼ 58.5%
Solvency28.0%within the sector's middle half▼ 34.4pp36.5%within the sector's middle half▲ 8.5pp26.8%within the sector's middle half▼ 9.7pp30.9%within the sector's middle half▲ 4.1pp14.1%within the sector's middle half▼ 16.8pp
Current ratio1.68within the sector's middle half▼ 2.591.63within the sector's middle half▼ 0.051.40within the sector's middle half▼ 0.231.58within the sector's middle half▲ 0.181.30within the sector's middle half▼ 0.28
Return on assets (ROA)9.6%within the sector's middle half▼ 14.5pp26.6%above the sector's middle half▲ 17.1pp19.3%above the sector's middle half▼ 7.3pp7.9%within the sector's middle half▼ 11.4pp-37.1%below the sector's middle half▼ 45.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,203
Fixed assets
€8,351 ▼ 69.0%
Current assets
€86,852 ▼ 33.6%
Equity and liabilities €95,203
Equity
€13,392 ▼ 72.5%
Debt
€81,811 ▼ 24.9%
Debt's share of the balance-sheet total rises from 69.1% to 85.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37,878▼
2024 · €75,799
Cash flow
-€15,870▼
2024 · €32,020
Debt to equity
6.11▲
2024 · 2.23
ROE
-264.0%▼
2024 · 25.4%
Interest coverage
0.71▼
2024 · 1.90
Debt ≤ 1 year
€67,020▼
2024 · €82,959
Debt > 1 year
€14,791▼
2024 · €25,370
Income taxes
€132▼
2024 · €3,958
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
6.4%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.0% 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 497,338 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% | 1.9% |
| 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 1,133 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,361 | €2,405 | €13,809 | €19,627 | €19,486 | ▼ 0.7% |
| Other operating charges640/8 | €418 | €409 | €592 | €538 | €525 | ▼ 2.5% |
| Non-recurring operating charges66A | €50 | - | - | - | - | - |
| Gross operating margin9900 | €29,663 | €37,232 | €49,624 | €76,338 | €38,403 | ▼ 49.7% |
| Operating profit (loss)9901 | €12,834 | €34,418 | €35,223 | €56,172 | €18,393 | ▼ 67.3% |
| Financial income75/76B | €195 | - | - | - | - | - |
| Recurring financial income75 | €195 | - | - | - | - | - |
| Financial charges65/66B | €708 | €707 | €2,083 | €39,822 | €53,616 | ▲ 34.6% |
| Recurring financial charges65 | €708 | €707 | €2,083 | €39,822 | €53,616 | ▲ 34.6% |
| Profit (loss) for the period before taxes9903 | €12,322 | €33,712 | €33,140 | €16,350 | -€35,224 | ▼ 315% |
| Income taxes67/77 | €4,313 | €7,178 | €6,944 | €3,958 | €132 | ▼ 96.7% |
| Profit (loss) for the period9904 | €8,009 | €26,534 | €26,196 | €12,393 | -€35,356 | ▼ 385% |
| Profit (loss) for the period to be appropriated9905 | €8,009 | €26,534 | €26,196 | €12,393 | -€35,356 | ▼ 385% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,735 | €99,623 | €135,764 | €157,677 | €95,203 | ▼ 39.6% |
| Fixed assets21/28 | €3,052 | €647 | €46,523 | €26,895 | €8,351 | ▼ 69.0% |
| Tangible fixed assets22/27 | €3,052 | €647 | €46,523 | €26,895 | €8,351 | ▼ 69.0% |
| Furniture and vehicles24 | €3,052 | €647 | €46,523 | €26,895 | €8,351 | ▼ 69.0% |
| Current assets29/58 | €80,682 | €98,975 | €89,242 | €130,781 | €86,852 | ▼ 33.6% |
| Amounts receivable within one year40/41 | €40,588 | €43,080 | €50,546 | €49,225 | €33,046 | ▼ 32.9% |
| Trade receivables40 | €24,137 | €25,860 | €36,668 | €32,127 | €16,849 | ▼ 47.6% |
| Other amounts receivable41 | €16,451 | €17,220 | €13,878 | €17,098 | €16,197 | ▼ 5.3% |
| Cash at bank and in hand54/58 | €39,624 | €55,866 | €38,033 | €81,173 | €53,358 | ▼ 34.3% |
| Deferred charges and accrued income490/1 | €471 | €29 | €663 | €383 | €448 | ▲ 17.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,735 | €99,623 | €135,764 | €157,677 | €95,203 | ▼ 39.6% |
| Equity10/15 | €23,421 | €36,355 | €36,355 | €48,748 | €13,392 | ▼ 72.5% |
| Contributions10/11 | €6,200 | €18,600 | €20,100 | €20,100 | €20,100 | = |
| Capital10 | €6,200 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Reserves13 | €17,165 | €17,165 | €15,665 | €15,665 | €15,665 | = |
| Non-distributable reserves130/1 | €1,500 | €1,500 | - | - | - | - |
| Legal reserve130 | €1,500 | €1,500 | - | - | - | - |
| Distributable reserves133 | €15,665 | €15,665 | €15,665 | €15,665 | €15,665 | = |
| Profit (loss) carried forward14 | €56 | €590 | €590 | €12,983 | -€22,373 | ▼ 272% |
| Amounts payable17/49 | €60,313 | €63,268 | €99,409 | €108,929 | €81,811 | ▼ 24.9% |
| Amounts payable after more than one year17 | €12,309 | €2,478 | €35,529 | €25,370 | €14,791 | ▼ 41.7% |
| Financial debts170/4 | €12,309 | €2,478 | €35,529 | €25,370 | €14,791 | ▼ 41.7% |
| Amounts payable within one year42/48 | €48,004 | €60,790 | €63,880 | €82,959 | €67,020 | ▼ 19.2% |
| Current portion of amounts payable after more than one year42 | €13,207 | €13,396 | €15,848 | €13,778 | €10,580 | ▼ 23.2% |
| Trade debts44 | €4,281 | €6,072 | €8,560 | €10,168 | €7,377 | ▼ 27.4% |
| Suppliers440/4 | €4,281 | €6,072 | €8,560 | €10,168 | €7,377 | ▼ 27.4% |
| Advances received on contracts in progress46 | - | - | €8,500 | - | - | - |
| Taxes, remuneration and social security45 | €6,185 | €9,272 | €9,634 | €7,908 | €2,081 | ▼ 73.7% |
| Taxes450/3 | €6,185 | €9,272 | €9,634 | €7,908 | €2,081 | ▼ 73.7% |
| Other amounts payable47/48 | €24,331 | €32,050 | €21,338 | €51,106 | €46,983 | ▼ 8.1% |
| Accrued charges and deferred income492/3 | - | - | - | €600 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,009 | €26,534 | €26,196 | €12,393 | -€35,356 | ▼ 385% |
| + Depreciation and write-downs630 | €16,361 | €2,405 | €13,809 | €19,627 | €19,486 | ▼ 0.7% |
| Operating cash flow (approximation) | €24,370 | €28,939 | €40,005 | €32,020 | -€15,870 | ▼ 150% |
| Investment in fixed assets (approximation) | - | €0 | -€59,685 | €0 | -€941 | - |
| Change in cash | - | €16,242 | -€17,833 | €43,141 | -€27,816 | ▼ 164% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€35,356
Net result drops to -€35,356, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 402 days late
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 765 days late
2020
31-12
Financial
Highest result since 2018net €30,830 ▲96.8%
Net result €30,830, the highest in the series.
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
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beaumont · 1 establishment unit since 2018
Ground area
1,449 m²
Building footprint
95 m²
Parcel 56004D0032/00W003, Wallonia. Linked by address, not a title deed.
1 establishment unit
PIXURAL
since 20182.274.811.435
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56004D0032/00W003 | Wallonia | 1,449 m² | 1 · 95 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900W651BH8XDCP282
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Of 2,120 companies in sector 46500 we hold annual accounts for 1,408. 521 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
26110Manufacture of computer, electronic and optical products
26120Manufacture of computer, electronic and optical products
26200Manufacture of computer, electronic and optical products
32400Other manufacturing
43211General electrical installation work
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0691904562
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.