PYTHEAS
ActiveSummary
PYTHEAS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of -€411. Equity is growing by ~3.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+15
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 6.22 against 7.08 in 2024; short-term debt: 3.4% and cash: 18.8% of total assets), and 3.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.2%
Return on assets
0%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
26 d late
2024
27 d late
2023
28 d late
2022
31 d late
2021
26 d late
2020
27 d late
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.8m=
2024 · €1.8m
Total assets
€1.9m=
2024 · €1.9m
Net result
-€411
2024 · €55,413
Working capital
€330,667▼ 13.1%
2024 · €380,703
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€12,553▼ 38.1%-€10,468▲ 16.6%-€5,050▲ 51.8%-€34,949▼ 592%-€4,120▲ 88.2%
Net result€1.8m-€101,279-€4,633▲ 95.4%€55,413-€411
Equity€1.9m▲ 4,663%€1.8m▼ 5.4%€1.8m▼ 0.3%€1.8m▲ 3.2%€1.8m=
Total assets€2.0m▲ 819%€1.9m▼ 8.3%€1.8m▼ 1.2%€1.9m▲ 1.8%€1.9m=
Debt€178,029▼ 2.6%€109,646▼ 38.4%€92,608▼ 15.5%€70,619▼ 23.7%€71,967▲ 1.9%
Working capital€441,607€351,917▼ 20.3%€270,765▼ 23.1%€380,703▲ 40.6%€330,667▼ 13.1%
Staff (FTE)0000
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,120 in 2025 against €34,949 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.5m ▲ 3.5%
Current assets
€394,042 ▼ 11.1%
Equity and liabilities €1.9m
Equity
€1.8m =
Debt
€71,967 ▲ 1.9%
Debt's share of the balance-sheet total rises from 3.8% to 3.8%. Debt is higher.
Key figures and ratios
Current ratio
6.22▼
2024 · 7.08
Debt to equity
0.04▲
2024 · 0.04
ROE
0.0%▼
2024 · 3.1%
ROA
0.0%▼
2024 · 2.9%
Debt ≤ 1 year
€63,375▲
2024 · €62,637
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,670 | €1,478 | €114 | €0 | - | - |
| Other operating charges640/8 | €101 | €177 | €184 | €30,955 | €1,118 | ▼ 96.4% |
| Gross operating margin9900 | -€10,781 | -€8,812 | -€4,753 | -€3,995 | -€3,002 | ▲ 24.9% |
| Operating profit (loss)9901 | -€12,553 | -€10,468 | -€5,050 | -€34,949 | -€4,120 | ▲ 88.2% |
| Financial income75/76B | €1.8m | €761 | €1,515 | €91,236 | €4,874 | ▼ 94.7% |
| Recurring financial income75 | €329 | €761 | €1,515 | €91,236 | €4,874 | ▼ 94.7% |
| Non-recurring financial income76B | €1.8m | €0 | - | - | - | - |
| Financial charges65/66B | €1,789 | €91,572 | €1,097 | €874 | €1,165 | ▲ 33.3% |
| Recurring financial charges65 | €1,789 | €91,572 | €1,097 | €874 | €1,165 | ▲ 33.3% |
| Profit (loss) for the period before taxes9903 | €1.8m | -€101,279 | -€4,633 | €55,413 | -€411 | ▼ 101% |
| Profit (loss) for the period9904 | €1.8m | -€101,279 | -€4,633 | €55,413 | -€411 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €1.8m | -€101,279 | -€4,633 | €55,413 | -€411 | ▼ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.9m | €1.8m | €1.9m | €1.9m | = |
| Fixed assets21/28 | €1.4m | €1.4m | €1.5m | €1.4m | €1.5m | ▲ 3.5% |
| Tangible fixed assets22/27 | €1,592 | €114 | €0 | - | - | - |
| Plant, machinery and equipment23 | €1,592 | €114 | €0 | - | - | - |
| Financial fixed assets28 | €1.4m | €1.4m | €1.5m | €1.4m | €1.5m | ▲ 3.5% |
| Current assets29/58 | €614,508 | €455,074 | €356,016 | €443,340 | €394,042 | ▼ 11.1% |
| Amounts receivable after more than one year29 | €86,100 | €76,100 | €185,909 | €87,859 | €35,550 | ▼ 59.5% |
| Trade receivables290 | €86,100 | €76,100 | €185,909 | €0 | - | - |
| Other amounts receivable291 | - | - | - | €87,859 | €35,550 | ▼ 59.5% |
| Amounts receivable within one year40/41 | €3,667 | €1,085 | €1,612 | €0 | €832 | - |
| Trade receivables40 | €0 | - | - | - | - | - |
| Other amounts receivable41 | €3,667 | €1,085 | €1,612 | €0 | €832 | - |
| Cash at bank and in hand54/58 | €146,833 | €188,010 | €165,891 | €351,869 | €354,180 | ▲ 0.7% |
| Deferred charges and accrued income490/1 | €377,908 | €189,879 | €2,605 | €3,612 | €3,480 | ▼ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.9m | €1.8m | €1.9m | €1.9m | = |
| Equity10/15 | €1.9m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €1.9m | €1.8m | €1.7m | €1.8m | €1.8m | = |
| Amounts payable17/49 | €178,029 | €109,646 | €92,608 | €70,619 | €71,967 | ▲ 1.9% |
| Amounts payable within one year42/48 | €172,900 | €103,157 | €85,251 | €62,637 | €63,375 | ▲ 1.2% |
| Trade debts44 | €918 | €1,175 | €3,769 | €1,154 | €1,892 | ▲ 64.0% |
| Suppliers440/4 | €918 | €1,175 | €3,769 | €1,154 | €1,892 | ▲ 64.0% |
| Advances received on contracts in progress46 | €500 | €500 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €0 | - | - | - | - | - |
| Taxes450/3 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €171,483 | €101,483 | €81,483 | €61,483 | €61,483 | = |
| Accrued charges and deferred income492/3 | €5,129 | €6,489 | €7,357 | €7,982 | €8,592 | ▲ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.8m | -€101,279 | -€4,633 | €55,413 | -€411 | ▼ 101% |
| + Depreciation and write-downs630 | €1,670 | €1,478 | €114 | €0 | - | - |
| Operating cash flow (approximation) | €1.8m | -€99,801 | -€4,520 | €55,413 | -€411 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €8,750 | -€77,500 | €53,900 | -€50,235 | ▼ 193% |
| Change in cash | - | €41,177 | -€22,119 | €185,978 | €2,311 | ▼ 98.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €55,413
Net result €55,413 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€101,279
Net result drops to -€101,279, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Back to profitnet €1.8m
Net result €1.8m after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.55
Current ratio from 0.97 to 3.55; short-term debt falls from €179,363 to €172,900.
31-12
Financial
Equity above €1mEq €1.9m ▲4,663%
Equity rises from €39,090 to €1.9m.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lint · 1 establishment unit since 2018
Ground area
687 m²
Building footprint
171 m²
Volume, LiDAR
916 m³
Parcel 11025D0086/00D005, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PYTHEAS
since 20182.276.083.620
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11025D0086/00D005 | Flanders | 687 m² | 1 · 171 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of PYTHEAS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400IPRMIRDDQIF165
Identification & contact
Identification
Legal formPrivate limited company
Founded27-04-2018
Fiscal year end31-12
Contact
Website
www.pytheas.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695541171
Also
9925:BE0695541171
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.