Pyloon
ActiveSummary
Pyloon has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.13M and a net result of €1.00M. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 837 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+11
Solvency40▲+3
Growth61▼-24
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.21 in 2024; short-term debt: 78.2% and cash: 0.3% of total assets), and 84.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
15.3%
Return on assets
4.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 837 sector peers (2025).
NBB · sector comparisonPosition among 837 sector peers
Solvency
better than 22%
← weakest
strongest →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
16 d early
2023
6 d early
2022
11 d early
2021
34 d early
2020
82 d early
2019
8 d early
← 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, full schema
Turnover
€18.98M▼ 36.5%
2024 · €29.87M
EBIT margin
9.4%▲ 4.9pp
2024 · 4.4%
Net result
€1.00M▲ 42.1%
2024 · €705k
Working capital
€4.01M▲ 32.9%
2024 · €3.02M
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
Turnover€19.94M€24.08M▲ 20.7%€29.87M▲ 24.0%€18.98M▼ 36.5%
Operating result€326k▼ 59.5%€411k▲ 26.3%€622k▲ 51.2%€1.33M▲ 114%€1.78M▲ 34.1%
Net result€180k▼ 67.8%€218k▲ 21.1%€305k▲ 39.9%€705k▲ 132%€1.00M▲ 42.1%
EBIT margin2.1%2.6%▲ 0.5pp4.4%▲ 1.9pp9.4%▲ 4.9pp
Equity€899k▲ 25.0%€1.12M▲ 24.2%€1.42M▲ 27.3%€2.13M▲ 49.6%€3.13M▲ 47.1%
Total assets€5.63M▼ 4.7%€9.35M▲ 66.0%€13.56M▲ 44.9%€17.82M▲ 31.5%€20.45M▲ 14.7%
Debt€4.74M▼ 8.8%€8.24M▲ 73.9%€12.14M▲ 47.3%€15.70M▲ 29.3%€17.32M▲ 10.3%
Working capital€1.89M▲ 6.2%€2.09M▲ 10.3%€2.45M▲ 17.4%€3.02M▲ 23.0%€4.01M▲ 32.9%
Staff (FTE)10.9▲ 47.3%11▲ 0.9%13.4▲ 21.8%16.4▲ 22.4%16.7▲ 1.8%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 34% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.45M
Fixed assets
€448k ▼ 8.1%
Current assets
€20.00M ▲ 15.4%
Equity and liabilities €20.45M
Equity
€3.13M ▲ 47.1%
Debt
€17.32M ▲ 10.3%
Debt's share of the balance-sheet total falls from 88.1% to 84.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.90M▲
2024 · €1.44M
Cash flow
€1.12M▲
2024 · €814k
Current ratio
1.25▲
2024 · 1.21
Quick ratio
0.12▼
2024 · 0.48
Debt to equity
5.53▼
2024 · 7.38
ROE
32.0%▼
2024 · 33.2%
ROA
4.9%▲
2024 · 4.0%
Interest coverage
2.79▲
2024 · 2.26
Debt ≤ 1 year
€15.99M▲
2024 · €14.32M
Debt > 1 year
€1.32M▼
2024 · €1.37M
Income taxes
€371k▲
2024 · €265k
Staff costs
€1.39M▲
2024 · €1.29M
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €20.07M | €24.17M | €30.02M | €32.20M | ▲ 7.3% |
| Turnover70 | - | €19.94M | €24.08M | €29.87M | €18.98M | ▼ 36.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | - | €13.00M | - |
| Other operating income74 | - | €124k | €90k | €149k | €169k | ▲ 13.5% |
| Non-recurring operating income76A | €2k | €3k | €5k | €2k | €47k | ▲ 2,244% |
| Operating charges60/66A | - | €19.66M | €23.55M | €28.69M | €30.42M | ▲ 6.0% |
| Goods for resale, raw materials and consumables60 | - | €16.82M | €20.22M | €24.57M | €26.32M | ▲ 7.1% |
| Purchases600/8 | - | €19.07M | €23.37M | €27.41M | €26.55M | ▼ 3.1% |
| Change in stocks: decrease (increase)609 | - | €-2.25M | €-3.15M | €-2.84M | €-231k | ▲ 91.9% |
| Services and other goods61 | - | €2.03M | €2.34M | €2.71M | €2.54M | ▼ 6.2% |
| Remuneration, social security and pensions62 | €881k | €730k | €917k | €1.29M | €1.39M | ▲ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60k | €62k | €66k | €109k | €116k | ▲ 7.0% |
| Other operating charges640/8 | €19k | €16k | €14k | €13k | €36k | ▲ 182% |
| Non-recurring operating charges66A | €17k | €2k | - | - | €9k | - |
| Gross operating margin9900 | €1.30M | - | - | - | - | - |
| Operating profit (loss)9901 | €326k | €411k | €622k | €1.33M | €1.78M | ▲ 34.1% |
| Financial income75/76B | €138k | €180k | €250k | €441k | €425k | ▼ 3.7% |
| Recurring financial income75 | €138k | €180k | €250k | €441k | €425k | ▼ 3.7% |
| Other financial income752/9 | - | €180k | €250k | €441k | €425k | ▼ 3.7% |
| Financial charges65/66B | €202k | €275k | €437k | €798k | €832k | ▲ 4.2% |
| Recurring financial charges65 | €202k | €275k | €437k | €798k | €832k | ▲ 4.2% |
| Debt charges650 | - | €169k | €355k | €636k | €680k | ▲ 7.0% |
| Other financial charges652/9 | - | €106k | €81k | €163k | €152k | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €262k | €316k | €436k | €971k | €1.37M | ▲ 41.5% |
| Income taxes67/77 | €82k | €98k | €131k | €265k | €371k | ▲ 39.7% |
| Taxes670/3 | - | €98k | €131k | €265k | €371k | ▲ 39.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €437 | - |
| Profit (loss) for the period9904 | €180k | €218k | €305k | €705k | €1.00M | ▲ 42.1% |
| Profit (loss) for the period to be appropriated9905 | €180k | €218k | €305k | €705k | €1.00M | ▲ 42.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.63M | €9.35M | €13.56M | €17.82M | €20.45M | ▲ 14.7% |
| Fixed assets21/28 | €255k | €338k | €282k | €488k | €448k | ▼ 8.1% |
| Intangible fixed assets21 | €9k | €18k | €80k | €90k | €64k | ▼ 28.5% |
| Tangible fixed assets22/27 | €144k | €139k | €110k | €312k | €246k | ▼ 21.4% |
| Plant, machinery and equipment23 | €77k | €74k | €61k | €63k | €63k | ▼ 0.8% |
| Furniture and vehicles24 | €49k | €51k | €42k | €249k | €183k | ▼ 26.6% |
| Other tangible fixed assets26 | €18k | €13k | €7k | €269 | - | - |
| Financial fixed assets28 | €102k | €182k | €92k | €86k | €139k | ▲ 61.5% |
| Other financial fixed assets284/8 | - | €182k | €92k | €86k | €139k | ▲ 61.5% |
| Amounts receivable and cash guarantees285/8 | - | €182k | €92k | €86k | €139k | ▲ 61.5% |
| Current assets29/58 | €5.38M | €9.02M | €13.28M | €17.34M | €20.00M | ▲ 15.4% |
| Stocks and contracts in progress3 | €2.05M | €4.30M | €7.45M | €10.39M | €18.02M | ▲ 73.4% |
| Stocks30/36 | €2.05M | €4.30M | €7.45M | €10.39M | €10.59M | ▲ 1.9% |
| Property held for sale35 | - | €4.30M | €7.45M | €10.29M | €10.52M | ▲ 2.2% |
| Advance payments36 | - | - | - | €100k | €70k | ▼ 30.0% |
| Contracts in progress37 | - | - | - | - | €7.43M | - |
| Amounts receivable within one year40/41 | €3.15M | €4.50M | €5.46M | €6.55M | €1.68M | ▼ 74.3% |
| Trade receivables40 | €3.01M | €4.45M | €5.43M | €6.55M | €1.65M | ▼ 74.8% |
| Other amounts receivable41 | €143k | €55k | €27k | - | €32k | - |
| Cash at bank and in hand54/58 | €73k | €79k | €180k | €164k | €70k | ▼ 57.3% |
| Deferred charges and accrued income490/1 | €101k | €131k | €184k | €226k | €221k | ▼ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.63M | €9.35M | €13.56M | €17.82M | €20.45M | ▲ 14.7% |
| Equity10/15 | €899k | €1.12M | €1.42M | €2.13M | €3.13M | ▲ 47.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €879k | €1.10M | €1.40M | €2.11M | €3.11M | ▲ 47.6% |
| Amounts payable17/49 | €4.74M | €8.24M | €12.14M | €15.70M | €17.32M | ▲ 10.3% |
| Amounts payable after more than one year17 | €1.24M | €1.24M | €1.26M | €1.37M | €1.32M | ▼ 4.1% |
| Financial debts170/4 | €1.24M | €1.24M | €1.26M | €1.37M | €1.32M | ▼ 4.1% |
| Credit institutions173 | - | €43k | €60k | €172k | €116k | ▼ 32.9% |
| Other loans174 | - | €1.20M | €1.20M | €1.20M | €1.20M | = |
| Amounts payable within one year42/48 | €3.49M | €6.93M | €10.82M | €14.32M | €15.99M | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | €25k | €27k | €30k | €72k | €57k | ▼ 21.8% |
| Financial debts43 | €570k | €1.71M | €3.90M | €4.96M | €4.55M | ▼ 8.3% |
| Credit institutions430/8 | €570k | €1.71M | €3.90M | €4.96M | €4.55M | ▼ 8.3% |
| Trade debts44 | €1.20M | €3.21M | €3.19M | €1.72M | €2.33M | ▲ 35.2% |
| Suppliers440/4 | €1.20M | €3.21M | €3.19M | €1.72M | €2.33M | ▲ 35.2% |
| Advances received on contracts in progress46 | - | - | - | €1.64M | €2.78M | ▲ 69.3% |
| Taxes, remuneration and social security45 | €250k | €343k | €529k | €387k | €601k | ▲ 55.5% |
| Taxes450/3 | €179k | €261k | €445k | €271k | €496k | ▲ 83.2% |
| Remuneration and social security454/9 | €71k | €83k | €84k | €116k | €105k | ▼ 9.3% |
| Other amounts payable47/48 | €1.44M | €1.64M | €3.18M | €5.54M | €5.68M | ▲ 2.6% |
| Accrued charges and deferred income492/3 | €13k | €68k | €55k | €6k | €12k | ▲ 90.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €180k | €218k | €305k | €705k | €1.00M | ▲ 42.1% |
| + Depreciation and write-downs630 | €60k | €62k | €66k | €109k | €116k | ▲ 7.0% |
| Operating cash flow (approximation) | €239k | €280k | €371k | €814k | €1.12M | ▲ 37.4% |
| Investment in fixed assets (approximation) | - | €-146k | €-10k | €-315k | €-77k | ▲ 75.6% |
| Change in cash | - | €6k | €101k | €-15k | €-94k | ▼ 526% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.00M ▲42.1%
Operating result €1.78M, net result €1.00M, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2MEq €2.13M ▲49.6%
7 profitable years in a row build equity to €2.13M.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.12M ▲24.2%
5 profitable years in a row build equity to €1.12M.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €719k ▲346%
3 profitable years in a row build equity to €719k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €161k ▲159%
2 profitable years in a row build equity to €161k.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 62 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Izegem · 1 establishment unit since 2011
Ground area
5,645 m²
Building footprint
1,383 m²
Volume, LiDAR
7,599 m³
Parcel 36494E0505/00L002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
POTRELL
since 20112.203.116.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494E0505/00L002 | Flanders | 5,645 m² | 1 · 1,383 m² | 7.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,635 EUR awarded · 6,635 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,652 EUR | 1,652 EUR |
| 2024 | 1 | 1,923 EUR | 1,923 EUR |
| 2023 | 1 | 1,035 EUR | 1,380 EUR |
| 2022 | 1 | 2,025 EUR | 1,680 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 2,870 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
Founded18-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.