PYROCORE
Dissolved and wound up on 05-06-2026Financials · financial year 2025, full format
Annual accounts 2025 filed on 21-04-2026 PDF all 8 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,994▲ 99.1%
2024 · -€1.2m
Working capital
-€9.1m▼ 0.1%
2024 · -€9.1m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€10,636
2025
20182025
Net result
-€10,994
▲ 99.1%
2025
20182025
Equity
-€9.1m
▼ 0.1%
2025
20182025
Total assets
€3,762
▼ 51.0%
2025
20182025
Debt
€9.1m
▲ 0.1%
2025
20182025
Working capital
-€9.1m
▼ 0.1%
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.6m--€1.5m▼ 136%-€3.6m▼ 136%-€0.6m▲ 83.9%-€1.0m▼ 66.1%-€0.9m▲ 6.1%€0.3m-€0.01m
Net result-€0.7m--€1.6m▼ 123%-€3.7m▼ 128%-€0.8m▲ 77.4%-€0.8m▲ 7.8%-€21.4m▼ 2,693%-€1.2m▲ 94.5%-€0.01m▲ 99.1%
Equity€2.7m-€1.1m▼ 59.0%€2.5m▲ 118%€14.2m▲ 479%€13.5m▼ 5.1%-€7.9m-€9.1m▼ 14.7%-€9.1m▼ 0.1%
Total assets€6.5m-€10.3m▲ 58.9%€10.6m▲ 2.2%€15.1m▲ 42.7%€19.3m▲ 28.3%€0.1m▼ 99.5%€0.008m▼ 92.0%€0.004m▼ 51.0%
Debt€3.8m-€9.2m▲ 144%€8.1m▼ 12.0%€0.9m▼ 89.3%€5.9m▲ 573%€7.9m▲ 35.3%€9.1m▲ 14.9%€9.1m▲ 0.1%
Working capital-€2.3m--€3.0m▼ 32.5%-€6.7m▼ 122%€5.2m-€4.4m-€7.8m▼ 77.8%-€9.1m▼ 16.1%-€9.1m▼ 0.1%
Staff (FTE)0.60.3▼ 50.0%
The operating result for 2025 is a loss of €10,636, after a profit of €280,321 in 2024.
Key figures and ratios
Debt ≤ 1 year
€9.1m▲
2024 · €9.1m
Staff costs
-€170▼
2024 · €163
The ratios are withheld because a balance sheet total of €3,762 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 2 | - |
| full-time | 1 | - |
| part-time | 1 | - |
| in full-time equivalents | 1.2 | - |
| Average over the year, in full-time equivalents | 0.6 | 0.3 |
| On a permanent contract | 1 | - |
| Joined | 2 | 0 |
| Left | 2 | 2 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €33,766 | - | - | - |
| Financial fixed assets | - | €9.1m | - | €250,000 | - |
| Depreciation and write-downs of the year | €170,933 | €175,579 | €179,304 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.3m | - | €0.3m | €0.4m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.7m | €0.7m | €0.6m | €0.2m | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €0.04m | €0.02m | €163 | -€170 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.8m | €0.8m | €0.2m | €0.2m | €0.2m | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.02m | €0.005m | €0.001m | ▼ 87.5% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.4m | -€0.1m | - | - |
| Gross operating margin9900 | -€0.3m | -€0.8m | -€0.1m | -€0.4m | -€0.7m | -€0.3m | €0.2m | -€0.01m | - |
| Operating profit (loss)9901 | -€0.6m | -€1.5m | -€3.6m | -€0.6m | -€1.0m | -€0.9m | €0.3m | -€0.01m | - |
| Financial income75/76B | - | - | - | €0.2m | €0.3m | €0.07m | €0.2m | - | - |
| Recurring financial income75 | €0.01m | €0.2m | €0.3m | €0.2m | €0.3m | €0.07m | €0.2m | - | - |
| Financial charges65/66B | - | - | - | €0.4m | €0.1m | €20.6m | €1.6m | €359 | ▼ 100.0% |
| Recurring financial charges65 | €0.1m | €0.3m | €0.4m | €0.4m | €0.1m | €3.2m | €1.3m | €359 | ▼ 100.0% |
| Non-recurring financial charges66B | - | - | - | - | - | €17.4m | €0.4m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.7m | -€1.6m | -€3.7m | -€0.8m | -€0.8m | -€21.4m | -€1.2m | -€0.01m | ▲ 99.1% |
| Profit (loss) for the period9904 | -€0.7m | -€1.6m | -€3.7m | -€0.8m | -€0.8m | -€21.4m | -€1.2m | -€0.01m | ▲ 99.1% |
| Profit (loss) for the period to be appropriated9905 | -€0.7m | -€1.6m | -€3.7m | -€0.8m | -€0.8m | -€21.4m | -€1.2m | -€0.01m | ▲ 99.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.5m | €10.3m | €10.6m | €15.1m | €19.3m | €0.1m | €0.008m | €0.004m | ▼ 51.0% |
| Formation expenses20 | €0.004m | €0 | - | €0.001m | €0 | €0 | - | - | - |
| Fixed assets21/28 | €5.1m | €4.2m | €9.2m | €9.0m | €17.9m | €0.02m | €0 | - | - |
| Intangible fixed assets21 | €5.1m | €4.2m | €0.8m | €0.6m | €0.4m | €0 | €0 | - | - |
| Tangible fixed assets22/27 | - | - | €0.001m | €0.001m | €0.03m | €0.02m | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.03m | €0.02m | €0 | - | - |
| Financial fixed assets28 | €0.003m | €0.003m | €8.4m | €8.4m | €17.4m | €235 | €0 | - | - |
| Current assets29/58 | €1.4m | €6.1m | €1.4m | €6.0m | €1.4m | €0.08m | €0.008m | €0.004m | ▼ 51.0% |
| Amounts receivable within one year40/41 | €1.4m | €6.1m | €1.1m | €6.0m | €1.2m | €0.04m | €0.006m | €169 | ▼ 97.0% |
| Trade receivables40 | - | - | - | €0.1m | €0.005m | €0.001m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €5.9m | €1.2m | €0.04m | €0.006m | €169 | ▼ 97.0% |
| Cash at bank and in hand54/58 | €0.02m | €0.05m | €0.2m | €0.08m | €0.2m | €0.03m | €0.001m | €0.003m | ▲ 151% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.002m | €0.007m | €0.001m | €364 | ▼ 55.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.5m | €10.3m | €10.6m | €15.1m | €19.3m | €0.1m | €0.008m | €0.004m | ▼ 51.0% |
| Equity10/15 | €2.7m | €1.1m | €2.5m | €14.2m | €13.5m | -€7.9m | -€9.1m | -€9.1m | ▼ 0.1% |
| Contributions10/11 | €3.5m | €3.5m | €6.1m | €15.0m | €15.1m | €15.1m | €15.1m | €15.1m | = |
| Capital10 | - | - | - | €15.0m | €15.1m | €15.1m | €15.1m | €15.1m | = |
| Issued capital100 | - | - | - | €15.0m | €15.1m | €15.1m | €15.1m | €15.1m | = |
| Profit (loss) carried forward14 | -€0.7m | -€2.3m | -€3.7m | -€0.8m | -€1.6m | -€23.0m | -€24.2m | -€24.2m | = |
| Provisions and deferred taxes16 | - | - | - | - | - | €0.1m | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €0.1m | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | - | - | €0.1m | €0 | - | - |
| Amounts payable17/49 | €3.8m | €9.2m | €8.1m | €0.9m | €5.9m | €7.9m | €9.1m | €9.1m | ▲ 0.1% |
| Amounts payable after more than one year17 | - | - | - | - | €0.02m | €0.008m | €0 | - | - |
| Financial debts170/4 | - | - | - | - | €0.02m | €0.008m | €0 | - | - |
| Amounts payable within one year42/48 | €3.7m | €9.1m | €8.0m | €0.9m | €5.8m | €7.9m | €9.1m | €9.1m | ▲ 0.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.009m | €0.009m | €0 | - | - |
| Trade debts44 | €0.5m | €0.2m | €0.2m | €0.3m | €0.3m | €0.02m | €0.006m | €0.008m | ▲ 26.3% |
| Suppliers440/4 | - | - | - | €0.3m | €0.3m | €0.02m | €0.006m | €0.008m | ▲ 26.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.005m | €179 | - | - | - |
| Taxes450/3 | - | - | - | €0.005m | - | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | €0.005m | €179 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €5.6m | €7.9m | €9.1m | €9.1m | ▲ 0.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.009m | €0.004m | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.7m | -€1.6m | -€3.7m | -€0.8m | -€0.8m | -€21.4m | -€1.2m | -€0.01m | ▲ 99.1% |
| + Depreciation and write-downs630 | €0.3m | €0.8m | €0.8m | €0.2m | €0.2m | €0.2m | - | - | - |
| Operating cash flow (approximation) | -€0.4m | -€0.9m | -€2.9m | -€0.7m | -€0.6m | -€21.2m | -€1.2m | -€0.01m | ▲ 99.1% |
| Investment in fixed assets (approximation) | - | €0.1m | -€5.8m | -€0.002m | -€9.0m | €17.7m | €0.02m | - | - |
| Change in cash | - | €0.03m | €0.2m | -€0.2m | €0.1m | -€0.2m | -€0.03m | €0.002m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 21-04-2026 | 2026-00083543 | |
| 31-12-2024 | full format | 30-06-2025 | 2025-00225455 | |
| 31-12-2023 | full format | 31-10-2024 | 2024-00530150 | |
| 31-12-2022 | full format | 22-08-2023 | 2023-00351435 | |
| 31-12-2021 | full format | 29-07-2022 | 2022-20264515 | |
| 31-12-2020 | full format | 27-08-2021 | 2021-59000088 | |
| 31-12-2019 | full format | 18-08-2020 | 2020-42200226 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-58100274 |