PYTHEAS

Active

Private limited company (pre-2019)founded 2018active for 8 yearsLeeuwstraat 43, 9800 Deinze, BelgiumKBO/BCE: BE 0695.401.908

Summary

The computed 12-month bankruptcy probability of PYTHEAS is 4.6% (elevated). The 2025 annual accounts show equity of €22,548 and a net result of €21,911. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 10,732 sector peers (NACE 70, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

PYTHEASActiveChecked score 38/100

Risk analysis Report Compare

Activity

Business and other management consultancy

NACE 70200

Size

€106,327total assets 2025

Staff: 1 FTE
Equity: €22,548
Profit: €21,911

Turnover not published (abbreviated or micro format)

Financial health

38 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 4.6%

Structure

Holdings: 1

Accounts filed 185 days late0 of 3 deeds read

Why 38raises riskLatest accounts 185 days late; 3 of the last 3 lateLiquidity: current ratio 1.59, cash €303, halvedNo registered site in the KBOlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025

38 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 41% of its sector peers (NACE 70, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 46+20

equity 21.2% of total assets

Liquidity 17+9

short-term debt 62.9% · cash 0.3%

Profitability 71+1

return on assets 20.6%

Bankruptcy probability, 12 months

4.6% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,405 companies, NACE 70, micro)

Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms

Liquidity ample (current ratio 1.59, compared with 1.26 in 2024, above the usual 1.5; short-term debt: 62.9% and cash: 0.3% of total assets), but 78.8% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 24% on solvency, 7% on liquidity, 35% on profitability and 99% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises risk

Latest accounts 185 days late; 3 of the last 3 late

NBB · filings

Liquidity: current ratio 1.59, cash €303, halved

NBB · annual accounts

Sector: Activities of head offices; management consultancy activities (NACE 70)

KBO

No registered site in the KBO

KBO · seat and establishments

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 10732 sector peers (2025).

NBB · sector comparison

Position among 10732 sector peers

Solvency

better than 24%

← weakest strongest →

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year €22,548

Filed more than 90 days late

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 04-05-2026, 185 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 7 filings

Deviation from the deadline

2025

185 days late

2024

529 days late

2023

266 days late

2022

94 days late

2021

6 days early

2020

44 days early

2019

7 days 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 145 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 4 May (4 of the last 5 filed years within 191 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-03-2026 year end23-10-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

04-05-2026 Annual accounts filedfinancial year 2025 · abbreviated…
13-04-2026 Annual accounts filedfinancial year 2024 · abbreviated…
19-12-2025 Judicial dissolution and immediate closureEnterprise Court of Ghent, Ghent…

Key points

Caution: Latest accounts filed lateafter the legal deadline 185 days View
Caution: Among the weakest 15% on equitysector median €324,915 · 10,742 companies €22,548 View
Total assets 20256 financial years filed €106,327 View