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Pyramid

Active
Public limited companyfounded 200026 yrs activeLambroekstraat 5, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0471.614.394
Summary

Pyramid has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20.2m and a net result of -€2.3m. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
PyramidActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100NACE 62010Business and other management consultancy NACE 70200
#8 company by total assets in Machelen, Telecoms and IT sector1 site
Size
€7.0mturnover 2024
Staff
12.3 FTE
Equity
€20.2m
Loss
-€2.3m
Financial health
67 Healthy Checked score 2024
Bankruptcy chance 12 m
0.8%
Structure
Parent
Phoenix Holding · 100%
Holdings
11
Accounts 39 d early0 of 16 deeds read
Why 67- Figures for FY 2024 (filed 05-06-2025)- Liquidity: current ratio 1.76, cash €2.9m- Loss of €2.3m, the second in a row (FY 2024)+ Sector Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2024
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 40% of its sector peers (NACE 62, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 48-8
equity 22.9% of total assets
Liquidity 54+4
short-term debt 2.4% · cash 3.3%
Profitability 41-5
return on assets -2.6%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,155 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%▼ -3.6% vs 01-2025 03-2025: 0.3%▲ +2.6% vs 02-2025 04-2025: 0.3%▲ +8.4% vs 03-2025 05-2025: 0.3%▲ +3.0% vs 04-2025 06-2025: 0.3%▲ +1.6% vs 05-2025 07-2025: 0.2%▼ -25.1% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.9% vs 01-2026lowest value 03-2026: 0.2%▲ +2.2% vs 02-2026 04-2026: 0.2%▲ +6.6% vs 03-2026 05-2026: 0.2%▲ +2.0% vs 04-2026 06-2026: 0.3%▲ +2.4% vs 05-2026 07-2026: 0.3%▲ +0.8% vs 06-2026 08-2026: 0.4%▲ +51.8% vs 07-2026 09-2026: 0.5%▲ +33.8% vs 08-2026 10-2026: 0.8%▲ +57.1% vs 09-2026highest value
  • Figures for FY 2024 (filed 05-06-2025) raises the probability
  • Liquidity: current ratio 1.76, cash €2.9m raises the probability
  • Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
  • Loss of €2.3m, the second in a row (FY 2024) raises the probability
Credit up to €700,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 0.97 in 2023; short-term debt: 2.4% and cash: 3.3% of total assets), but 77.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, small). Better than this share of them on solvency 31%, liquidity 65%, profitability 26%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 05-06-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.76, cash €2.9m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Loss of €2.3m, the second in a row (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
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 22-06-2026, 39 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
39 d early
2024
57 d early
2023
44 d early
2022
68 d early
2021
39 d early
2020
59 d early
2019
42 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 50 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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. Usually files around 18 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Positive: 6 years of growth in a rowturnover 2024: €7.0m 6 years View
  • Positive: Company by total assets in Machelen, Telecoms and…in the Checked rankings #8 View
  • Controlled by Phoenix Holdingknown shareholders 100% 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View

By topic

Financials

Fiscal year
2024
Turnover
€7.0m
Loss
-€2.3m
Solvency
22.9%
Turnover▲ 0.5%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2020
Next accounts
by 31-07-2027
  1. 22-06-2026Annual accounts filed
  2. 04-06-2025Annual accounts filed
  3. 17-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
06-04-2000
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Phoenix Holding · 4 companies How does this company compare with its sector?Sector benchmark

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