PYROCORE
Dissolved and wound up on 05-06-2026Overview
Overview
Official details
Source: KBO- Status
- Dissolved and wound up on 05-06-2026 act of 22-06-2026
- Legal form
- Public limited company
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Board and ownership
Board
- PAUL FrédéricDirector · since 17-06-2025
- Auditor
- B.S.T.Réviseursd’Entreprises
Shareholders
- 3T Finance94.39%· score 342025 annual accounts of 3T Finance
- FPB Invest5.5%· score 33annual accounts 2024
- PGM MANAGEMENT0.1%· score 98annual accounts 2024
- Holdings
- Shares in 2 companies PYROCORE LTD and PYROCORE SAS
Financial position
No score
Annual accounts 2025
- Gross margin
- -€10,241
- Loss
- €10,994
- ▼ 99.1%
- Equity
- -€9.1m
- ▼ 0.1%
- Total assets
- €3,762
- ▼ 51.0%
Financials
Financials · 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 |
Board & ownership
Directors
Directors
1 director, last change in 2024
Board 1
PAUL Frédéric
Current
Statutory auditor 1
B.S.T.Réviseursd’Entreprises
Current
Auditor · appointed in the act of 03-01-2022 · permanent representative: BenoîtSteinier
Owners and capital
Shareholders
3 ownersChain of control
- FPB Invest
- FPB FINANCEMENT
- 3T Finance
- PYROCORE
Owners 3
- 3T FinanceparentEquity -€5.9m Loss of €4.1m in 2025 (loss of €2.3m in 2024) Checked score 3494.39%
- Sourceown accounts 2024Equity €11.0m Loss of €19.4m in 2024 (profit of €170,799 in 2023) Checked score 335.5%
- Equity €266,556 Profit of €87,219 in 2025 (profit of €26,104 in 2024) Checked score 980.1%
Owners through the years 2018 to 2025
| Name | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| 3T Finance | 100% | 54.11% | 75.92% | 94.5% | 94.39% | |||
| FPB Invest | 5.5% | |||||||
| PGM MANAGEMENT | 0.1% | |||||||
| Linda PAGEGB | 24.08% | |||||||
Older annual accounts also name 1 natural person.
Source: shareholder structure in its own accounts, lists of holdings in the owners' accounts
Capital transactions
Shareholders according to the deeds
After 2 capital increases
act of 13-05-2022 ↗
- PGM Management (BE 0745.488.946) 54,000 shares
After 3 capital increases
act of 03-01-2022 ↗
- 3T FINANCE €13,353,449.80
- FPBInvestSRL (BE 0831.824.488) €2,650,000
Capital over time
- 13-05-2022 Capital increase of €38,340 · to €15,076,940.13 · 54,000 new shares at €0.71 per share · in cash
- 03-01-2022 Capital increase of €9,686,224.90 · to €15,038,600.13 · 18,453,467 new shares at €0.52 per share · in kind
Mandate history
11 people, 2 in office
- Board
- Statutory auditor
- mandate already running before its first mention
- end not dated
| Name | Functions and periods |
|---|---|
| PAUL Frédéric |
|
| B.S.T.Réviseursd’Entreprises |
|
| Hervé Jeanmart |
|
| Wim Geens |
|
| Yves Désirant |
|
| Henri DE MEYER |
|
| Damien Léonard |
|
| DEMeyerHenriAlbertRobertAugustin |
|
| GEENSWim |
|
| PAULFrédéricStéphane |
|
| DENTONTimothyJames |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 3 directorsdeed of 03-01-2022 (in French)
- Custody of recordsThe books and records are kept for at least five years after liquidation. The articles set where.
- “Centre Lokabox, 1930 Zaventem, Sterrebeekstraat 169, cing ans au moins”deed of 22-06-2026 (in French)
Network & group
Part of the group
FPB Invest
11 companies
Group, risk and exposure
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2024
- PYROCORE LTDGBsubsidiaryEquity GBP 2.0mResult -GBP 2.4m100%
- PYROCORE SASFRsubsidiaryEquity -€153,368Result -€300,771100%
Connections & network
1 current directorThe network starts from the directors of PYROCORE. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
22-06
Gazette deed
Dissolution with immediate closure of the liquidationDissolved and wound up in a single deed on 05-06-2026 · Books and records kept in Zaventem (5 years)2 points ▸
Gazette deed
Dissolution with immediate closure of the liquidation
Dissolved and wound up in a single deed on 05-06-2026 · Books and records kept in Zaventem (5 years)2 points ▸
- General meeting, 05-06-2026
- Net-asset statement, 22-04-2026
- The act holds 8 more points.
21-04
full format · 101 days before the deadline
2025
30-06
full format · 31 days before the deadline
13-05
Gazette deed
Registered office moved from Sint-Pieters-Woluwe to BrusselsNew seat: Avenue Herrmann-Debroux, 54 1160 Bruxelles (Auderghem) · Previous seat: Place Dumon 4, 1150 Woluwe-Saint-Pierre2 points ▸
Gazette deed
Registered office moved from Sint-Pieters-Woluwe to Brussels
New seat: Avenue Herrmann-Debroux, 54 1160 Bruxelles (Auderghem) · Previous seat: Place Dumon 4, 1150 Woluwe-Saint-Pierre2 points ▸
- General meeting, 25-04-2025
- Registered-office move, Avenue Herrmann-Debroux, 54 1160 Bruxelles (Auderghem)
2024
21-11
Gazette deed
Registered office moved within BrusselsNew seat: Place Dumon, 4 1150 Bruxelles (Woluwe Saint-Pierre) · Previous seat: Chaussée de La Hulpe 185, 1170 Bruxelles · Resignations: Hervé Jeanmart (director) and Wim Geens (director)4 points ▸
Gazette deed
Registered office moved within Brussels
New seat: Place Dumon, 4 1150 Bruxelles (Woluwe Saint-Pierre) · Previous seat: Chaussée de La Hulpe 185, 1170 Bruxelles · Resignations: Hervé Jeanmart (director) and Wim Geens (director)4 points ▸
- General meeting, 30-10-2024
- Director resignation, Hervé Jeanmart
- Director resignation, Wim Geens
- Registered-office move, Place Dumon, 4 1150 Bruxelles (Woluwe Saint-Pierre)
31-10
full format · 92 days late
29-05
Gazette deed
Reappointments: Hervé Jeanmart (director) and Yves Désirant (director)3 points ▸
Gazette deed
Reappointments: Hervé Jeanmart (director) and Yves Désirant (director)
3 points ▸
- General meeting, 30-06-2023
- Director reappointment, Hervé Jeanmart
- Director reappointment, Yves Désirant
2023
31-12
Financial
Weakest financial yearnet -€21.4m
The net result drops to -€21.4m, the lowest from 2018 to 2025.
29-11
Gazette deed
Registered-office moveGeneral meeting of 31-10-20232 points ▸
Gazette deed
Registered-office move
General meeting of 31-10-20232 points ▸
- General meeting, 31-10-2023
- Registered-office move, ChausséedelaHulpe, 185-1170Bruxelles
22-08
full format · 22 days late
2022
07-11
Gazette deed
Resignations: Damien Léonard (director) and Henri DE MEYER (director)3 points ▸
Gazette deed
Resignations: Damien Léonard (director) and Henri DE MEYER (director)
3 points ▸
- General meeting, 19-05-2022
- Director resignation, Damien Léonard
- Director resignation, Henri DE MEYER
- The act holds 1 more point.
29-07
full format · 2 days before the deadline
Show earlier events
13-05
Gazette deed
Capital increase of €38,340 to €15,076,940.13Capital from €15,038,600.13 to €15,076,940.13, 54,000 new shares5 points ▸
Gazette deed
Capital increase of €38,340 to €15,076,940.13
Capital from €15,038,600.13 to €15,076,940.13, 54,000 new shares5 points ▸
- Director in office, DE MEYER Henri Albert Robert Augustin
- Director in office, DÉSIRONT Yves Jean Marie Florent
- General meeting, 24-12-2020
- Capital increase, €38,340
- Amendment of the articles, 5
- The act holds 7 more points.
03-01
Gazette deed
Capital increase of €9,686,224.90 to €15,038,600.13Capital from €5,352,375.23 to €15,038,600.13, 18,453,467 new shares · Contributions: 3T FINANCE (€8,364,224.90); FPBInvestSRL (€1,325,000) · Resignations: DENTON TimothyJames (director) and DE MeyerHenriAlbertRobertAugustin (chair of the board)12 points ▸
Gazette deed
Capital increase of €9,686,224.90 to €15,038,600.13
Capital from €5,352,375.23 to €15,038,600.13, 18,453,467 new shares · Contributions: 3T FINANCE (€8,364,224.90); FPBInvestSRL (€1,325,000) · Resignations: DENTON TimothyJames (director) and DE MeyerHenriAlbertRobertAugustin (chair of the board)12 points ▸
- General meeting, 24-12-2021
- Amendment of the articles, 15
- Financial instrument, 08-12-2021
- Director resignation, DENTON TimothyJames
- Director appointment, GEENS Wim, mentioned 2 times in the deed
- Auditor reappointment, B.S.T.Réviseursd’Entreprises
- Power of attorney, Frederic CONVENT
- Director resignation, DE MeyerHenriAlbertRobertAugustin (chair of the board)
- Board meeting, 18-11-2021
- Director appointment, PAUL FrédéricStéphane (présidentduconseild'administrationetdéléguéàlagestionjournalière)
- Capital increase, €9,686,224.90
- Capital contribution, €4,989,224.90
- The act holds 23 more points.
2021
31-12
Financial
Liquidity more than 41 timescurrent ratio 6.99
The current ratio rises from 0.17 to 6.99. Short-term debt falls from €8.0m to €862,921.
31-12
Financial
Equity above €10mequity €14.2m ▲479%
Equity rises from €2.5m to €14.2m.
27-08
full format · 27 days late
2020
31-12
Financial
Equity above €2mequity €2.5m ▲118%
Equity rises from €1.1m to €2.5m.
18-08
full format · 18 days late
2019
30-08
full format · 30 days late
2018
06-08
13 publications in the Belgian Official Gazette, the last on 22-06-2026
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Dissolved and wound up on 5 June 2026
PYROCORE has not been in the KBO register since 16 June 2026.
- Status
- Inactiveout of the register since 16 June 2026
- Reason
- Dissolved and wound up in a single deedBelgian Official Gazette, 22 June 2026 · act
- Last annual accounts
- financial year to 31 December 2025
- Last registered office
- Avenue Hermann-Debroux 54, 1160 Auderghemas published on 22 June 2026
- Legal form
- Public limited company
- Active since
- 2 August 2018
Sites & property
Location
Buildings and parcels at the address
Ground area
3,929 m²
Building footprint
1,150 m²
Building volume
28,081 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21332B0081/00H002 | Brussels | 3,929 m² | 1 · 1,150 m² | 30.4 m · 9 |