PPITES
ActiveSummary
PPITES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,457 and a net result of €6,675. Equity is shrinking by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+3
Solvency41▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.99 in 2024; short-term debt: 32.4% and cash: 6.6% of total assets), and 83.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.1%
Return on assets
8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 31840 sector peers (2025).
NBB · sector comparisonPosition among 31840 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €13,457
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
100 d early
2023
97 d early
2022
38 d early
2021
51 d early
2020
72 d early
2019
39 d 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 57 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€13,457▲ 98.4%
2024 · €6,781
Total assets
€83,522▲ 157%
2024 · €32,444
Net result
€6,675▲ 248%
2024 · €1,916
Working capital
-€8,906▼ 5,172%
2024 · -€169
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,533-€686-€2,634▼ 284%€3,860€9,966▲ 158%
Net result€4,472-€1,543-€3,511▼ 128%€1,916€6,675▲ 248%
Equity€15,919▲ 39.1%€11,376▼ 28.5%€7,865▼ 30.9%€6,781▼ 13.8%€13,457▲ 98.4%
Total assets€18,746▲ 14.1%€16,814▼ 10.3%€13,833▼ 17.7%€32,444▲ 135%€83,522▲ 157%
Debt€2,827▼ 43.2%€5,438▲ 92.4%€5,968▲ 9.7%€25,662▲ 330%€70,065▲ 173%
Working capital€11,672▲ 99.9%€8,956▼ 23.3%€6,778▼ 24.3%-€169-€8,906▼ 5,172%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 158% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,522
Fixed assets
€65,343 ▲ 348%
Current assets
€18,179 ▲ 1.8%
Equity and liabilities €83,522
Equity
€13,457 ▲ 98.4%
Debt
€70,065 ▲ 173%
Debt's share of the balance-sheet total rises from 79.1% to 83.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,576▲
2024 · €7,097
Cash flow
€10,286▲
2024 · €5,153
Current ratio
0.67▼
2024 · 0.99
Debt to equity
5.21▲
2024 · 3.78
ROE
49.6%▲
2024 · 28.3%
ROA
8.0%▲
2024 · 5.9%
Interest coverage
10.99▲
2024 · 10.50
Debt ≤ 1 year
€27,085▲
2024 · €18,024
Debt > 1 year
€42,641▲
2024 · €7,279
Income taxes
€2,055▲
2024 · €1,269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,362 | €1,399 | €1,399 | €3,237 | €3,610 | ▲ 11.5% |
| Other operating charges640/8 | €1,234 | €1,223 | €1,908 | €1,425 | €3,727 | ▲ 162% |
| Non-recurring operating charges66A | - | - | - | - | €969 | - |
| Gross operating margin9900 | €9,129 | €1,935 | €672 | €8,521 | €18,272 | ▲ 114% |
| Operating profit (loss)9901 | €6,533 | -€686 | -€2,634 | €3,860 | €9,966 | ▲ 158% |
| Financial income75/76B | €15 | €65 | €3 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €15 | €65 | €3 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €726 | €633 | €505 | €676 | €1,235 | ▲ 82.7% |
| Recurring financial charges65 | €726 | €633 | €505 | €676 | €1,235 | ▲ 82.7% |
| Profit (loss) for the period before taxes9903 | €5,822 | -€1,254 | -€3,136 | €3,185 | €8,731 | ▲ 174% |
| Income taxes67/77 | €1,350 | €288 | €375 | €1,269 | €2,055 | ▲ 62.0% |
| Profit (loss) for the period9904 | €4,472 | -€1,543 | -€3,511 | €1,916 | €6,675 | ▲ 248% |
| Profit (loss) for the period to be appropriated9905 | €4,472 | -€1,543 | -€3,511 | €1,916 | €6,675 | ▲ 248% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,746 | €16,814 | €13,833 | €32,444 | €83,522 | ▲ 157% |
| Fixed assets21/28 | €4,247 | €2,848 | €1,449 | €14,589 | €65,343 | ▲ 348% |
| Intangible fixed assets21 | €1,769 | €1,261 | €752 | €244 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €2,478 | €1,587 | €697 | €14,345 | €65,343 | ▲ 356% |
| Furniture and vehicles24 | €1,885 | €1,216 | €547 | €14,341 | €65,343 | ▲ 356% |
| Other tangible fixed assets26 | €593 | €371 | €150 | €3 | €0 | ▼ 100% |
| Current assets29/58 | €14,499 | €13,966 | €12,384 | €17,855 | €18,179 | ▲ 1.8% |
| Amounts receivable within one year40/41 | €6,773 | €8,167 | €8,350 | €13,157 | €10,079 | ▼ 23.4% |
| Trade receivables40 | €6,773 | €7,491 | €6,050 | €11,532 | €10,079 | ▼ 12.6% |
| Other amounts receivable41 | - | €676 | €2,300 | €1,625 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €6,896 | €5,618 | €3,702 | €4,456 | €5,485 | ▲ 23.1% |
| Deferred charges and accrued income490/1 | €830 | €182 | €332 | €243 | €2,615 | ▲ 978% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,746 | €16,814 | €13,833 | €32,444 | €83,522 | ▲ 157% |
| Equity10/15 | €15,919 | €11,376 | €7,865 | €6,781 | €13,457 | ▲ 98.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,700 | €4,645 | €4,645 | = |
| Reserves13 | €500 | €500 | €0 | - | - | - |
| Non-distributable reserves130/1 | €500 | €500 | €0 | - | - | - |
| Reserves not available under the articles1311 | €500 | €500 | €0 | - | - | - |
| Profit (loss) carried forward14 | €9,219 | €4,676 | €1,165 | €2,136 | €8,812 | ▲ 312% |
| Amounts payable17/49 | €2,827 | €5,438 | €5,968 | €25,662 | €70,065 | ▲ 173% |
| Amounts payable after more than one year17 | - | - | - | €7,279 | €42,641 | ▲ 486% |
| Financial debts170/4 | - | - | - | €7,279 | €42,641 | ▲ 486% |
| Amounts payable within one year42/48 | €2,827 | €5,010 | €5,606 | €18,024 | €27,085 | ▲ 50.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,717 | €10,489 | ▲ 286% |
| Trade debts44 | €1,317 | €1,989 | €2,659 | €3,904 | €1,244 | ▼ 68.1% |
| Suppliers440/4 | €1,317 | €1,989 | €2,659 | €3,904 | €1,244 | ▼ 68.1% |
| Taxes, remuneration and social security45 | €1,507 | €799 | €900 | €1,891 | €2,233 | ▲ 18.1% |
| Taxes450/3 | €1,507 | €799 | €460 | €1,301 | €2,083 | ▲ 60.2% |
| Remuneration and social security454/9 | - | - | €440 | €590 | €150 | ▼ 74.6% |
| Other amounts payable47/48 | €3 | €2,223 | €2,047 | €9,513 | €13,119 | ▲ 37.9% |
| Accrued charges and deferred income492/3 | - | €428 | €362 | €360 | €339 | ▼ 5.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,472 | -€1,543 | -€3,511 | €1,916 | €6,675 | ▲ 248% |
| + Depreciation and write-downs630 | €1,362 | €1,399 | €1,399 | €3,237 | €3,610 | ▲ 11.5% |
| Operating cash flow (approximation) | €5,833 | -€144 | -€2,112 | €5,153 | €10,286 | ▲ 99.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€16,376 | -€54,364 | ▼ 232% |
| Change in cash | - | -€1,278 | -€1,916 | €754 | €1,029 | ▲ 36.6% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,916
Net result €1,916 after 2 loss-making years.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4,472
Net result €4,472 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 5.13
Current ratio from 2.17 to 5.13; short-term debt falls from €4,975 to €2,827.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€3,976
Net result drops to -€3,976, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Liège · 1 establishment unit since 2019
Ground area
1,146 m²
Building footprint
310 m²
Volume, LiDAR
1,832 m³
2 parcels, Wallonia · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PPITES
since 20192.290.149.313
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62059B0641/02B000 | Wallonia | 814 m² | 1 · 126 m² | 6.3 m · 2 fl. |
| 62818C0475/00B000 ProtectedSite or landscape |
Wallonia | 332 m² | 1 · 184 m² | 10.7 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 26,250 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
Founded28-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.