Active BE 0421.952.968Private limited company

PYPE

Meensesteenweg 260 ·8890 Moorslede, Belgium· 44 yrs active

Sector: Wholesale trade (46610)

Conclusion Checked

PYPE has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €339k and a net result of €28k. Equity is shrinking by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 9019 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€339k
Net result	€28k
Staff (FTE)	0.6
Better than sector	53%

Financial profile 5 of 5 axes measured · computed by Checked

67 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 79

Profitability 41

Solvency 85

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1981, 44 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

79 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€25k

estimate, not credit advice

Score history

93 2022

78 2023

79 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.72 (≥ 1.5) +10

Quick ratio Quick ratio 1.37 (≥ 1.0) +5

Leverage Debt/equity 1.15 (< 2.0) +3

Profitability ROE 8% +3

Interest coverage Interest coverage 4.1× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview41 NBB filings

Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~19.4%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	46.6%	44.1%	better than 53% of 9019 sector peers
Net result	€28k	€40k	better than 45% of 9017 sector peers
Equity	€339k	€490k	better than 41% of 9024 sector peers
Gross operating margin	€82k	€267k	better than 27% of 9009 sector peers
Staff costs	€34k	€206k	higher than 13% of 6242 sector peers

EBITDA

€61k

-6.2% 22-24

Net profit

€28k

-30.2% 22-24

Cash flow

€40k

-22.9% 22-24

Total assets

€728k

-5.3% 22-24

Equity

€339k

+9.0% 22-24

Working capital

€235k

+19.1% 22-24

Employees (FTE)

1

0.0% 22-24

Staff costs

€34k

+3.0% 22-24

Income taxes

€12k

+9.2% 22-24

Dividends

€200k

- 22-24

Debt

€389k

-15.1% 22-24

Debt ≤ 1y

€328k

-16.9% 22-24

Debt > 1y

€52k

-16.1% 22-24

Current ratio

1.72

+14.4% 22-24

Quick ratio

1.37

+18.5% 22-24

Solvency

46.6%

+15.1% 22-24

Debt / equity

1.15

-22.1% 22-24

ROE

8.3%

-36.0% 22-24

ROA

3.8%

-26.3% 22-24

Interest coverage

4.15

-46.1% 22-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-
EBITDA	€61k	€65k	€96k
Net profit	€28k	€40k	€49k
Cash flow	€40k	€52k	€69k
Staff costs	€34k	€33k	€30k
Income taxes	€12k	€11k	€23k
Dividends	-	€200k	-
Total assets	€728k	€769k	€660k
Equity	€339k	€311k	€471k
Debt	€389k	€458k	€189k
of which ≤ 1y	€328k	€394k	€106k
of which > 1y	€52k	€62k	€82k
Working capital	€235k	€197k	€341k
Employees (FTE)	0.6	0.6	0.6

Ratios (computed)

	2024	2023	2022
Current ratio	1.72	1.50	4.22
Quick ratio	1.37	1.15	2.75
Working capital ratio	32.2%	25.6%	51.7%
Solvency	46.6%	40.5%	71.4%
Debt / equity	1.15	1.47	0.40
Long-term debt ratio	0.15	0.20	0.17
Interest coverage	4.15	7.70	14.45
Gross margin	-	-	-
Net margin	-	-	-
ROA	3.8%	5.2%	7.5%
ROE	8.3%	12.9%	10.5%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €166k · 22.8% Current assets €563k · 77.3%

Equity & liabilities

Equity €339k · 46.6% Debt €389k · 53.4%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€728k	€769k	€660k
Fixed assets	21/28	€166k	€178k	€212k
Tangible fixed assets	22/27	€166k	€178k	€212k
Current assets	29/58	€563k	€591k	€448k
Stocks & contracts in progress	3	€114k	€136k	€156k
Amounts receivable within one year	40/41	€252k	€297k	€90k
Cash & bank	54/58	€193k	€87k	€133k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€728k	€769k	€660k
Equity	10/15	€339k	€311k	€471k
Contributions / capital	10/11	€47k	€47k	€47k
Reserves	13	€290k	€263k	€423k
Accumulated profits (losses)	14	€2k	€796	€658
Amounts payable	17/49	€389k	€458k	€189k
Amounts payable after one year	17	€52k	€62k	€82k
Amounts payable within one year	42/48	€328k	€394k	€106k
Trade debts payable within one year	44	€100k	€118k	€47k
Income statement
Gross operating margin	9900	€82k	€78k	€133k
Operating result	9901	€49k	€53k	€75k
Financial income	75	€6k	€7k	€4k
Financial charges	65	€15k	€8k	€7k
Result before taxes	9903	€40k	€52k	€72k
Income taxes	67/77	€12k	€11k	€23k
Net result for the period	9904	€28k	€40k	€49k
Result to be appropriated	9905	€28k	€40k	€53k

Directors & mandates 1 directors

Current directors & mandates

Edward PYPE
Director
State Gazette act 23452463 (11-12-2023)

Current
01-12-2023 → present
2 events
- 01-12-2023 Resigned· Director
- 01-12-2023 Appointed· Director

Legal Structure

NACE primary	Wholesale trade(46610)
Legal form	Private limited company(610)
Incorporation	26-09-1981
Status	Active
Postal code	8890

Establishment units 1 location

PYPE

Meensesteenweg 260, 8890 MoorsledeWholesale trade

since 20022.019.331.548

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36003A0464/00N000	Flanders	1.4 ha	1 · 703 m²	9.6 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

30-11

Financial Weakest financial yearnet €28k ▼30.2%

Net result drops to €28k, the lowest in the series.

16-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

11-12

State Gazette act Director changes

Justin VANDEPUTTE

29-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

28-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

09-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

27-05

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2017

08-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

21-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

16-06

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

11-12-2023 1 director appointed, 1 resigning Director changes·Justin VANDEPUTTE

Edward PYPE, Bestuurder
Edward PYPE, Bestuurder

Notary: Justin VANDEPUTTE · Luik

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Wholesale of agricultural produce and animal feed, general range46216Wholesale trade4661051210Other non-specialised retail sale47120Other retail sale of new goods47789Retail trade4791052498

Names & trade names

Legal nameNL

PYPE

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