PIZZANELLO
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00419248.
Annual accounts 2025 filed on 21-08-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is a loss of €796, larger than the loss of €101 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets and working capital.
Comparable companies
These companies have the same main activity as PIZZANELLO: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €889 and €1,610, founded between 2023 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| PIZZANELLO Brussel | 2023 | €1,224 | €546 | -€566 | -€841 | 2025 |
| B&N Laforce Vdb Brussel | 2023 | €1,207 | -€1,738 | -€2,781 | -€3,325 | 2025 |
| NOI FOOD Ukkel | 2023 | €1,125 | -€2,610 | -€2,326 | -€2,610 | 2024 |
| SCH Sint-Gillis (bij-Brussel) | 2023 | €1,349 | €825 | -€163 | -€175 | 2025 |
| RED HORECA Wanze | 2023 | €1,412 | -€24,078 | -€8,830 | -€9,412 | 2025 |
| EL ENCUENTRO Sint-Gillis (bij-Brussel) | 2023 | €889 | -€45,973 | -€20,090 | -€20,728 | 2025 |
| HAMELSO Schaarbeek | 2024 | €1,608 | €1,189 | -€1,387 | -€3,811 | 2025 |
They were chosen from the 10,326 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,223 companies had the same profile as PIZZANELLO has now. Two years later, 3.4% had gone bankrupt and 87.8% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PIZZANELLO itself: 4.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 3,223 companies, not a prediction for PIZZANELLO. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €231 | - |
| Gross operating margin9900 | -€101 | -€566 | ▼ 460% |
| Operating profit (loss)9901 | -€101 | -€796 | ▼ 689% |
| Financial charges65/66B | €11 | €45 | ▲ 300% |
| Recurring financial charges65 | €11 | €45 | ▲ 300% |
| Profit (loss) for the period before taxes9903 | -€112 | -€841 | ▼ 650% |
| Profit (loss) for the period9904 | -€112 | -€841 | ▼ 650% |
| Profit (loss) for the period to be appropriated9905 | -€112 | -€841 | ▼ 650% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2,166 | €1,224 | ▼ 43.5% |
| Formation expenses20 | €1,154 | €923 | ▼ 20.0% |
| Current assets29/58 | €1,013 | €300 | ▼ 70.3% |
| Amounts receivable within one year40/41 | €232 | €232 | = |
| Other amounts receivable41 | €232 | €232 | = |
| Cash at bank and in hand54/58 | €781 | €69 | ▼ 91.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2,166 | €1,224 | ▼ 43.5% |
| Equity10/15 | €1,388 | €546 | ▼ 60.6% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | -€112 | -€954 | ▼ 750% |
| Amounts payable17/49 | €779 | €677 | ▼ 13.0% |
| Amounts payable within one year42/48 | €779 | €677 | ▼ 13.0% |
| Other amounts payable47/48 | €779 | €677 | ▼ 13.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€112 | -€841 | ▼ 650% |
| + Depreciation and write-downs630 | - | €231 | - |
| Operating cash flow (approximation) | -€112 | -€611 | ▼ 444% |
| Change in cash | - | -€712 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.