PIZZA BELGIUM

Active

Public limited companyfounded 1986active for 40 yearsBorsbeeksebrug 34, 2600 Antwerpen, Belgium103 active companies are registered at this addressKBO/BCE: BE 0428.600.141

From the official registers: KBO 39 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

PIZZA BELGIUM has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of -€390,480. Equity is shrinking by about 6.9% per year across the filed financial years. Its solvency ranks better than 29% of 952 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow Report Compare

PIZZA BELGIUMActiveChecked score 66/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 28-02-1986 Normal situation
Legal form: Public limited company
Registered office: Borsbeeksebrug 34, 2600 Antwerpen
Activity: Limited-service restaurants, excluding mobile food services NACE 56112
Establishment units: 40 establishment units
Financial year end: 30 November
Peppol: Reachable

Company details

Who decides

Board

Creations & TheoriesDirector · since 16-05-2023 · permanent representative Kristoff Thillieu
SITE MANAGEMENT SERVICESDirector · since 16-05-2023 · permanent representative Stefan Meulemans

Auditor: KPMG Bedrijfsrevisoren

Shareholders

Top Brands99.99%annual accounts 30-11-2025

Board & ownership

How it is doing

66 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.8%

Annual accounts to 30-11-2025

Turnover: €45.8m; ▼ 4.8%
Loss: €390,480
Equity: €2.6m; ▼ 13.1%
Total assets: €34.9m; ▼ 2.0%
Staff: 484.3 FTE; ▼ 5.9%

2025 accounts 22 days early

Filed on 08-06-2026PDF

Financials

Why 66raises riskEquity €2.6m (7.4% of total assets)Sector: Food and beverage service activities (NACE 56)Liquidity: current ratio 2.19, cash €315,112lowers riskLegal form: public limited companyShow the evidence

Checked score

Score 2025

66 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 25% of its sector peers (all companies)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 32-1

equity 7.4% of total assets

Liquidity 34-1

short-term debt 38.0% · cash 0.9%

Profitability 41-7

return on assets -1.1%

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (13 companies, NACE 56, large)

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.9%▲ +0.1 percentage points vs 04-2025 06-2025: 1.0%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.8%▼ -0.2 percentage points vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.7%▼ -0.1 percentage points vs 12-2025lowest value 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.8%▲ +0.1 percentage points vs 04-2026 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026 07-2026: 0.8%▼ -0.1 percentage points vs 06-2026 08-2026: 0.8%● unchanged vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026

Credit of up to €170,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.19, compared with 2.43 in 2024, above the usual 1.5; short-term debt: 38% and cash: 0.9% of total assets), but 92.6% of the assets are financed with debt and provisions.

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 (all companies): better than 16% on solvency, 32% on liquidity, 30% on profitability and 22% on growth.

The bankruptcy probability was computed on 31-10-2026 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

Five signals.

lowers riskraises riskneutral

Equity €2.6m (7.4% of total assets)

NBB · annual accounts

Sector: Food and beverage service activities (NACE 56)

KBO

Liquidity: current ratio 2.19, cash €315,112

NBB · annual accounts

Legal form: public limited company

KBO

Latest accounts filed on time

The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 08-06-2026, 22 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

22 days early

2024

26 days early

2023

33 days early

2022

24 days early

2021

37 days early

2020

30 days early

2019

15 days early

← 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 27 days before the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. The company usually files around 4 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today30-11-2026 year end30-06-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: From profit to loss in 2025after €441,941 in 2024 -€390,480 View
Caution: Among the weakest 5% on net resultsector median €9,807 · 953 companies -€390,480 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Documents

Key facts about PIZZA BELGIUM

What is the company number of PIZZA BELGIUM?: 0428.600.141. In Belgium the VAT number is the company number with BE in front: BE 0428.600.141.
Where is PIZZA BELGIUM based?: The registered office is at Borsbeeksebrug 34, 2600 Antwerpen.Company details
What does PIZZA BELGIUM do?: According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of PIZZA BELGIUM?: Public limited company (NV).
When was PIZZA BELGIUM founded?: On 28-02-1986.
Is PIZZA BELGIUM still active?: Yes, PIZZA BELGIUM is an active enterprise in the KBO register.
How many employees does PIZZA BELGIUM have?: On average 484.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PIZZA BELGIUM?: €45.8m in financial year 2025, according to the filed annual accounts.
Is PIZZA BELGIUM profitable?: In financial year 2025, PIZZA BELGIUM made a loss of €390,480.
Where can I find the annual accounts of PIZZA BELGIUM?: PIZZA BELGIUM filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of PIZZA BELGIUM due?: By 30-06-2027, for financial year 2026.Timeline