PROPIXEL
ActiveSummary
The computed 12-month bankruptcy probability of PROPIXEL is 2.4% (moderate). The 2025 annual accounts show equity of €31k and a net result of €5k. Equity is growing by ~48.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 7058 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-25
Solvency52▼-4
Growth78=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.54 in 2024; short-term debt: 66.4% and cash: 2.2% of total assets), and 73.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
26.6%
Return on assets
3.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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 · 3 filingsDeviation from the deadline
2025
52 d late
2024
51 d late
2023
119 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 17.1%
2024 · €26k
2023: €6klowest in 3 years
2024: €26k▲ +380% vs 2023
2025: €31k▲ +17.1% vs 2024highest in 3 years
2023 → 2025
Total assets
€116k▲ 35.5%
2024 · €86k
2023: €42klowest in 3 years
2024: €86k▲ +104% vs 2023
2025: €116k▲ +35.5% vs 2024highest in 3 years
2023 → 2025
Net result
€5k▼ 78.5%
2024 · €21k
2023: €2klowest in 3 years
2024: €21k▲ +1288% vs 2023highest in 3 years
2025: €5k▼ -78.5% vs 2024
2023 → 2025
Working capital
€30k▲ 20.1%
2024 · €25k
2023: €9klowest in 3 years
2024: €25k▲ +186% vs 2023
2025: €30k▲ +20.1% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€6k-€26k▲ 380%€31k▲ 17.1%
2023: €6klowest in 3 years
2024: €26k▲ +380% vs 2023
2025: €31k▲ +17.1% vs 2024highest in 3 years
Operating result€1k-€28k▲ 1,865%€7k▼ 73.7%
2023: €1klowest in 3 years
2024: €28k▲ +1865% vs 2023highest in 3 years
2025: €7k▼ -73.7% vs 2024
Net result€2k-€21k▲ 1,288%€5k▼ 78.5%
2023: €2klowest in 3 years
2024: €21k▲ +1288% vs 2023highest in 3 years
2025: €5k▼ -78.5% vs 2024
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 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€9k ▼ 34.3%
Current assets
€108k ▲ 48.2%
Equity and liabilities €116k
Equity
€31k ▲ 17.1%
Debt
€85k ▲ 43.6%
Debt's share of the balance-sheet total rises from 69.3% to 73.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12k▼
2024 · €32k
Cash flow
€9k▼
2024 · €25k
Current ratio
1.39▼
2024 · 1.54
Quick ratio
1.22▲
2024 · 0.97
Debt to equity
2.76▲
2024 · 2.25
ROE
14.6%▼
2024 · 79.2%
ROA
3.9%▼
2024 · 24.3%
Interest coverage
8.49▼
2024 · 30.72
Debt ≤ 1 year
€77k▲
2024 · €47k
Debt > 1 year
€8k▼
2024 · €12k
Income taxes
€1k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€86k€116k▲
Fixed assets21/28€13k€9k▼
Tangible fixed assets22/27€13k€9k▼
Plant, machinery and equipment23€846€439▼
Furniture and vehicles24€12k€8k▼
Current assets29/58€73k€108k▲
Stocks and contracts in progress3€27k€13k▼
Stocks30/36€27k€13k▼
Amounts receivable within one year40/41€27k€91k▲
Trade receivables40€24k€90k▲
Other amounts receivable41€3k€700▼
Cash at bank and in hand54/58€19k€3k▼
Deferred charges and accrued income490/1€543€1k▲
Equity and liabilities
Total equity and liabilities10/49€86k€116k▲
Equity10/15€26k€31k▲
Contributions10/11€4k€4k=
Reserves13€400€400=
Non-distributable reserves130/1€400€400=
Reserves not available under the articles1311€400€400=
Profit (loss) carried forward14€22k€27k▲
Amounts payable17/49€60k€85k▲
Amounts payable after more than one year17€12k€8k▼
Financial debts170/4€12k€8k▼
Amounts payable within one year42/48€47k€77k▲
Current portion of amounts payable after more than one year42€4k€4k=
Trade debts44€18k€18k▼
Suppliers440/4€18k€18k▼
Advances received on contracts in progress46€11k€36k▲
Taxes, remuneration and social security45€15k€2k▼
Taxes450/3€6k€2k▼
Remuneration and social security454/9€9k-
Other amounts payable47/48-€18k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€540€814▲
Gross operating margin9900€33k€13k▼
Operating profit (loss)9901€28k€7k▼
Financial income75/76B€1€6▲
Recurring financial income75€1€6▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€26k€6k▼
Income taxes67/77€6k€1k▼
Profit (loss) for the period9904€21k€5k▼
Profit (loss) for the period to be appropriated9905€21k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€27k▲
Profit (loss) brought forward from the previous period14P€1k€22k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €5k | ▲ 0.7% |
| Other operating charges640/8 | €312 | €540 | €814 | ▲ 50.7% |
| Gross operating margin9900 | €6k | €33k | €13k | ▼ 61.4% |
| Operating profit (loss)9901 | €1k | €28k | €7k | ▼ 73.7% |
| Financial income75/76B | €146 | €1 | €6 | ▲ 355% |
| Recurring financial income75 | €146 | €1 | €6 | ▲ 355% |
| Financial charges65/66B | €40 | €1k | €1k | ▲ 33.0% |
| Recurring financial charges65 | €40 | €1k | €1k | ▲ 33.0% |
| Profit (loss) for the period before taxes9903 | €2k | €26k | €6k | ▼ 77.9% |
| Income taxes67/77 | - | €6k | €1k | ▼ 75.9% |
| Profit (loss) for the period9904 | €2k | €21k | €5k | ▼ 78.5% |
| Profit (loss) for the period to be appropriated9905 | €2k | €21k | €5k | ▼ 78.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €42k | €86k | €116k | ▲ 35.5% |
| Fixed assets21/28 | €17k | €13k | €9k | ▼ 34.3% |
| Tangible fixed assets22/27 | €17k | €13k | €9k | ▼ 34.3% |
| Plant, machinery and equipment23 | - | €846 | €439 | ▼ 48.2% |
| Furniture and vehicles24 | €17k | €12k | €8k | ▼ 33.3% |
| Current assets29/58 | €25k | €73k | €108k | ▲ 48.2% |
| Stocks and contracts in progress3 | - | €27k | €13k | ▼ 49.7% |
| Stocks30/36 | - | €27k | €13k | ▼ 49.7% |
| Amounts receivable within one year40/41 | €23k | €27k | €91k | ▲ 242% |
| Trade receivables40 | €19k | €24k | €90k | ▲ 281% |
| Other amounts receivable41 | €4k | €3k | €700 | ▼ 75.9% |
| Cash at bank and in hand54/58 | €740 | €19k | €3k | ▼ 86.4% |
| Deferred charges and accrued income490/1 | €2k | €543 | €1k | ▲ 88.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €42k | €86k | €116k | ▲ 35.5% |
| Equity10/15 | €6k | €26k | €31k | ▲ 17.1% |
| Contributions10/11 | €4k | €4k | €4k | = |
| Reserves13 | €400 | €400 | €400 | = |
| Non-distributable reserves130/1 | €400 | €400 | €400 | = |
| Reserves not available under the articles1311 | €400 | €400 | €400 | = |
| Profit (loss) carried forward14 | €1k | €22k | €27k | ▲ 20.5% |
| Amounts payable17/49 | €37k | €60k | €85k | ▲ 43.6% |
| Amounts payable after more than one year17 | €20k | €12k | €8k | ▼ 32.6% |
| Financial debts170/4 | €20k | €12k | €8k | ▼ 32.6% |
| Amounts payable within one year42/48 | €17k | €47k | €77k | ▲ 63.2% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | = |
| Trade debts44 | €9k | €18k | €18k | ▼ 1.4% |
| Suppliers440/4 | €9k | €18k | €18k | ▼ 1.4% |
| Advances received on contracts in progress46 | €7k | €11k | €36k | ▲ 234% |
| Taxes, remuneration and social security45 | - | €15k | €2k | ▼ 87.1% |
| Taxes450/3 | - | €6k | €2k | ▼ 65.8% |
| Remuneration and social security454/9 | - | €9k | - | - |
| Other amounts payable47/48 | €1k | - | €18k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €21k | €5k | ▼ 78.5% |
| + Depreciation and write-downs630 | €4k | €5k | €5k | ▲ 0.7% |
| Operating cash flow (approximation) | €6k | €25k | €9k | ▼ 64.4% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | ▲ 100% |
| Change in cash | - | €18k | €-16k | ▼ 190% |
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
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 51 days late
2024
31-12
Financial
Highest result since 2023net €21k ▲1,288%
Operating result €28k, net result €21k, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
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, Brussel · 1 establishment unit since 2022
Ground area
217 m²
Building footprint
217 m²
Volume, LiDAR
2,260 m³
Parcel 21813D0524/00H017, Brussels · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PROPIXEL
since 20222.338.661.189
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813D0524/00H017 | Brussels | 217 m² | 1 · 217 m² | 16.8 m · 4 fl. |
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.
Similar companies · same sector, comparable size
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BE 0441.686.035
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SIGNERS
BE 0769.728.355
Namur · Eq €31,039
ELLA
BE 0800.187.444
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,840 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
Founded03-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Contact
Website
www.propixel.be
E-mail
info@propixel.be
Scores and ratios are computed by Checked and are not a credit decision.