POSSIBLY PIXELS
ActiveSummary
POSSIBLY PIXELS has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,192 and a net result of -€19,104. Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 90% of 21,149 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-01-2013 Normal situation
- Activity
- Computer programming NACE 62100and 3 others
- Establishment unit
- 2.216.591.243 9200 Dendermonde, since 24-01-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€17,892
- ▼ 125%
- Loss
- €19,104
- ▲ 113%
- Equity
- €40,192
- ▼ 32.2%
- Total assets
- €43,867
- ▼ 27.6%
Score breakdownraises riskLoss of €19,104, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 11.94, cash €42,941Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €43,867Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 85% of them on solvency, 96% on liquidity, 5% on profitability and 20% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 13 filings
Every figure per financial year
The operating result for 2025 is a loss of €18,936, larger than the loss of €8,796 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Subsidies and aid
Flemish government
2022 · 1 entry · €168,000 awarded| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,643 | €1,643 | €1,643 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €62 | €147 | €217 | €851 | €1,044 | ▲ 22.6% |
| Gross operating margin9900 | €7,547 | €6,751 | €3,553 | -€9,076 | -€1,679 | €55,877 | -€7,945 | -€17,892 | ▼ 125% |
| Operating profit (loss)9901 | €7,485 | €5,046 | €1,776 | -€10,781 | -€1,826 | €55,661 | -€8,796 | -€18,936 | ▼ 115% |
| Financial income75/76B | - | - | - | €6 | €0 | €40 | €11 | €2 | ▼ 85.3% |
| Recurring financial income75 | - | €1 | - | €6 | €0 | €40 | €11 | €2 | ▼ 85.3% |
| Financial charges65/66B | - | - | - | €219 | €200 | €355 | €177 | €169 | ▼ 4.4% |
| Recurring financial charges65 | €102 | €552 | €160 | €219 | €200 | €355 | €177 | €169 | ▼ 4.4% |
| Profit (loss) for the period before taxes9903 | €7,383 | €4,495 | €1,616 | -€10,994 | -€2,026 | €55,346 | -€8,962 | -€19,104 | ▼ 113% |
| Income taxes67/77 | - | €471 | €429 | - | - | €657 | €0 | - | - |
| Profit (loss) for the period9904 | €7,383 | €4,024 | €1,188 | -€10,994 | -€2,026 | €54,689 | -€8,962 | -€19,104 | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | €7,383 | €4,024 | €1,188 | -€10,994 | -€2,026 | €54,689 | -€8,962 | -€19,104 | ▼ 113% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €54,873 | €75,712 | €64,381 | €65,126 | €41,089 | €82,134 | €60,585 | €43,867 | ▼ 27.6% |
| Fixed assets21/28 | - | €3,285 | €1,643 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €3,285 | €1,643 | - | - | - | - | - | - |
| Current assets29/58 | €54,873 | €72,427 | €62,738 | €65,126 | €41,089 | €82,134 | €60,585 | €43,867 | ▼ 27.6% |
| Amounts receivable within one year40/41 | €348 | €2,592 | €6,436 | €9,477 | €5,250 | - | €45 | €379 | ▲ 736% |
| Trade receivables40 | - | - | - | €9,477 | €2,840 | - | - | - | - |
| Other amounts receivable41 | - | - | - | - | €2,410 | - | €45 | €379 | ▲ 736% |
| Cash at bank and in hand54/58 | €54,525 | €69,834 | €56,272 | €55,102 | €35,839 | €81,999 | €60,540 | €42,941 | ▼ 29.1% |
| Deferred charges and accrued income490/1 | - | - | - | €546 | - | €136 | €0 | €546 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €54,873 | €75,712 | €64,381 | €65,126 | €41,089 | €82,134 | €60,585 | €43,867 | ▼ 27.6% |
| Equity10/15 | €21,378 | €25,402 | €26,589 | €15,595 | €13,570 | €68,259 | €59,296 | €40,192 | ▼ 32.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €918 | €4,942 | €6,129 | -€4,865 | -€6,890 | €47,799 | €38,836 | €19,732 | ▼ 49.2% |
| Amounts payable17/49 | €33,495 | €50,310 | €37,792 | €49,530 | €27,519 | €13,876 | €1,289 | €3,674 | ▲ 185% |
| Amounts payable within one year42/48 | €33,495 | €49,110 | €37,792 | €49,530 | €27,519 | €13,876 | €1,289 | €3,674 | ▲ 185% |
| Trade debts44 | €31,334 | €47,184 | €31,891 | €47,076 | €27,307 | €12,624 | €632 | €3,674 | ▲ 481% |
| Suppliers440/4 | - | - | - | €47,076 | €27,307 | €12,624 | €632 | €3,674 | ▲ 481% |
| Taxes, remuneration and social security45 | - | - | - | €2,210 | €43 | €1,195 | €657 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €2,210 | €43 | €1,195 | €657 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €244 | €169 | €56 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,383 | €4,024 | €1,188 | -€10,994 | -€2,026 | €54,689 | -€8,962 | -€19,104 | ▼ 113% |
| + Depreciation and write-downs630 | - | €1,643 | €1,643 | €1,643 | - | - | - | - | - |
| Operating cash flow (approximation) | €7,383 | €5,667 | €2,830 | -€9,351 | -€2,026 | €54,689 | -€8,962 | -€19,104 | ▼ 113% |
| Investment in fixed assets (approximation) | - | - | €0 | - | - | - | - | - | - |
| Change in cash | - | €15,309 | -€13,563 | -€1,169 | -€19,264 | €46,160 | -€21,459 | -€17,599 | ▲ 18.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,805 companies had the same profile as POSSIBLY PIXELS has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of POSSIBLY PIXELS itself is lower: 0.1% within 12 months. It rests on far more data about POSSIBLY PIXELS than the profile alone.
Test of the method
The method was tested on the 497,446 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 4,805 companies, not a prediction for POSSIBLY PIXELS. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-04-2026 | 2026-00104203 | |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00281329 | |
| 31-12-2023 | abbreviated format | 31-12-2024 | 2025-00629933 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00399735 | |
| 31-12-2021 | abbreviated format | 25-08-2022 | 2022-20327226 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-36400599 | |
| 31-12-2019 | abbreviated format | 26-08-2020 | 2020-45900104 | |
| 31-12-2018 | abbreviated format | 22-08-2019 | 2019-51000418 | |
| 31-12-2017 | micro format | 15-07-2018 | 2018-34100354 | |
| 31-12-2016 | micro format | 18-08-2017 | 2017-46000514 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 01-04-2026 Capital stated in the deed · 186 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Wauters Jeroen |
|
| Van den Audenaeren Lieven |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, in statuten benoemd kan statutair bestuurder zijn, één of meer bestuurders, natuurlijke personen…”
Articles of association, deed of 01-04-2026 (in Dutch)
Network & group
POSSIBLY PIXELS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of POSSIBLY PIXELS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-04
Gazette deed
Change of role: Wauters Jeroen, from manager to directorResignation: Van den Audenaeren Lieven (manager) · Amendment of the articles · Capital conversion12 points ▸
- General meeting, 05-03-2026
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “Tweede besluit-vaststelling, artikel39,§2,derde lid wet23maart2019” (deed in Dutch)
- Reserve release, “middelen beschikbaar voor uitkering, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Director resignation, Wauters Jeroen (manager)
- Director resignation, Van den Audenaeren Lieven (manager)
- Director discharge, Wauters Jeroen
- Director discharge, Van den Audenaeren Lieven
- Director appointment, Wauters Jeroen (director (not named in the articles))
- Other provision, “geen verbod en aanvaarding, uitoefening niet verboden en niet getroffen door wettelijke of reglementaire maatregel die zich verzet” (deed in Dutch)
- Registered office clause, “Baasrodestraat 55 bus 5”, 9200 (deed in Dutch)
26-09
Gazette deed
Registered office moved from Bierbeek to DendermondeNew seat: Baasrodestraat 55, bus 5 te 9200 Dendermonde · Previous seat: Tiensesteenweg 212 te 3360 Bierbeek2 points ▸
- General meeting, 20-06-2022
- Registered-office move, Baasrodestraat 55, bus 5 te 9200 Dendermonde
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Tiensesteenweg 212, 3360 Bierbeek until 20-06-2022 · act of 26-09-2022
Activities
NACEBEL 2025Codes under NACEBEL 2008
24 activities
- Ontwerp,ontwikkelen,aan-en verkoop,uitgave en ondersteuning van:
- Digitale games,interactieve applicaties en software in het algemeen;
- Digitale 2D&3D visualisaties,simulaties,2D&3D content;
- Animatiefilms;
- Interactieve installaties,waaronder verstaan wordt combinaties van hard-en software;
- Pre-visualisaties,concept art,storyboards,scenario’s,illustraties,special effects,bewerking van beelden;
- Websites,webplatformen en webcontent(inclusief hosting)en aanverwante activiteiten;
- Promotiemateriaal,merchandising en drukwerk;
- Traditionele bordspellen,speelgoed en gadgets;
- Computerprogramma’s algemeen.
- Rapid prototyping van digitale games,simulaties en interactieve applicaties;
- Verwerking,beheer,rapportering en ter beschikking stellen van gegevens,al dan niet in een databank.Dit zowel off-als online,met eigen software of apparatuur,of die van derden.
- Aan-en verkoop,installatie en integratie van hardware(waaronder displays,projectiesystemen,servers,computernetwerken en computermateriaal in het algemeen)en software.
- Opstarten van en participatie in onderzoeksprojecten en disseminatie van opgebouwde kennis;
- Organiseren van en participeren aan events en workshops,presentaties,bijscholingen,adviesverlening en consultancy met betrekking tot voornoemde activiteiten;
- Opname,bewerking,conversie en regie van video-en audiomateriaal;
- Copywriting,leveren van inhoud,vertalingen;
- Ontwerp,schrijven en verkoop van boeken,documentatiewerken en magazines;
- Creatie,registratie,aankoop,verkoop,onderhoud en exploitatie van verschillende intellectual properties en patenten;
- Overige diensten op het gebied van informaticatechnologie en computer;
- Uitvoeren en verwerken van marktonderzoek gerelateerd aan voornoemde activiteiten.
- Het verwerven,beheren en verkopen van onroerende goederen of zakelijke rechten daarop,in België of in het buitenland;
- Het huren,verhuren,in erfpacht of gebruik van onroerende en/of roerende goederen en onroerende leasing;
- Het vormen en beheren van een onroerende en/of roerend patrimonium bestaande uit lichamelijke of onlichamelijke onroerende en/of roerende goederen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42002B0324/00E000 | Flanders | 385 m² | 1 · 280 m² | 9.6 m · 3 |