PYVAR
ActivePYVAR has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161k and a net result of €-22k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 1722 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-9
Solvency33▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.52 in 2024; short-term debt: 75.7% and cash: 0.6% of total assets), and 92% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1722 sector peers (2025).
NBB · sector comparisonPosition among 1722 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
30 d late
2022
17 d early
2021
13 d early
2020
25 d early
2019
28 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€161k▼ 11.9%
2024 · €183k
2018: €109k
2019: €93k
2020: €93k
2021: €124k
2022: €141k
2023: €54k
2024: €183k
2018 → 2025
Total assets
€2.01M▼ 28.9%
2024 · €2.82M
2018: €1.07M
2019: €1.36M
2020: €1.69M
2021: €1.98M
2022: €2.00M
2023: €2.23M
2024: €2.82M
2018 → 2025
Net result
€-22k
2024 · €168k
2018: €4k
2019: €-16k
2020: €24
2021: €30k
2022: €18k
2023: €-88k
2024: €168k
2018 → 2025
Working capital
€-1.11M▼ 1.7%
2024 · €-1.10M
2018: €-253k
2019: €-601k
2020: €-802k
2021: €-983k
2022: €-640k
2023: €-651k
2024: €-1.10M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€141k▲ 14.3%€54k▼ 62.0%€183k▲ 241%€161k▼ 11.9%
Operating result€36k-€31k▼ 14.0%€-78k€226k€-19k
Net result€30k-€18k▼ 42.0%€-88k€168k€-22k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19k after €226k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.01M
Fixed assets
€1.60M▼ 2.2%
Current assets
€406k▼ 65.7%
Equity and liabilities €2.01M
Equity
€161k▼ 11.9%
Provisions
€49k▼ 5.2%
Debt
€1.80M▼ 30.6%
The debt ratio falls from 91.7% to 89.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€43k▼
2024 · €361k
Cash flow
€40k▼
2024 · €303k
Solvency
8.0%▲
2024 · 6.5%
Current ratio
0.27▼
2024 · 0.52
Quick ratio
0.27▼
2024 · 0.52
Debt / equity
11.15▼
2024 · 14.14
ROE
-13.5%▼
2024 · 91.9%
ROA
-1.1%▼
2024 · 6.0%
Interest coverage
6.78▼
2024 · 52.35
Debt
€1.80M▼
2024 · €2.59M
Debt ≤ 1 year
€1.52M▼
2024 · €2.28M
Debt > 1 year
€278k▼
2024 · €308k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.82M€2.01M▼
Fixed assets21/28€1.64M€1.60M▼
Tangible fixed assets22/27€1.39M€1.35M▼
Land and buildings22€1.33M€1.27M▼
Furniture and vehicles24€13k€37k▲
Other tangible fixed assets26€45k€45k=
Financial fixed assets28€247k€247k=
Current assets29/58€1.18M€406k▼
Amounts receivable within one year40/41€1.00M€380k▼
Trade receivables40€93k€138k▲
Other amounts receivable41€912k€242k▼
Current investments50/53€11k€11k=
Cash at bank and in hand54/58€167k€13k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.82M€2.01M▼
Equity10/15€183k€161k▼
Contributions10/11€3k€3k=
Reserves13€180k€158k▼
Tax-exempt reserves132€157k€149k▼
Distributable reserves133€23k€9k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€51k€49k▼
Deferred taxes168€51k€49k▼
Amounts payable17/49€2.59M€1.80M▼
Amounts payable after more than one year17€308k€278k▼
Financial debts170/4€308k€278k▼
Amounts payable within one year42/48€2.28M€1.52M▼
Current portion of amounts payable after more than one year42€30k€30k=
Trade debts44€2.21M€1.49M▼
Suppliers440/4€2.21M€1.49M▼
Taxes, remuneration and social security45€9k€0▼
Taxes450/3€9k€0▼
Other amounts payable47/48€30k€0▼
Income statement
Code20242025
Non-recurring operating income76A€220k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135k€62k▼
Other operating charges640/8€9k€10k▲
Gross operating margin9900€369k€54k▼
Operating profit (loss)9901€226k€-19k▼
Financial income75/76B€151€523▲
Recurring financial income75€151€523▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€220k€-24k▼
Transfer from deferred taxes780€2k€3k▲
Transfer to deferred taxes680€53k€0▼
Income taxes67/77€0-
Profit (loss) for the period9904€168k€-22k▼
Transfer from tax-exempt reserves789€5k€8k▲
Transfer to tax-exempt reserves689€159k€0▼
Profit (loss) for the period to be appropriated9905€14k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€-14k▼
Transfer from equity791/2€8k€14k▲
Profit to be distributed694/7€22k€0▼
Return on contributions (dividend)694€22k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Back to profitnet €168k
Net result €168k after one loss-making year.
31-12
Financial
Equity above €150kEq €183k ▲241%
Equity rises from €54k to €183k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-88k ▼597%
Net result drops to €-88k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €124k ▲32.6%
2 profitable years in a row build equity to €124k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €24
Net result €24 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Vleteren · 2 establishment units since 1974
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kallestraat(West) 328640 VleterenGround area
3,605 m²
Building footprint
1,068 m²
Volume, LiDAR
5,846 m³
3 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Pyvar
since 19742.008.981.054
Pyvar
since 20062.153.770.281
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33022C0575/00A000 | Flanders | 2,741 m² | 1 · 305 m² | 6.5 m · 1 fl. |
| 33031D0452/00X000 | Flanders | 755 m² | 1 · 655 m² | 8.4 m · 2 fl. |
| 33031E0272/00G000 | Flanders | 109 m² | 1 · 109 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 136,311 EUR awarded · 136,311 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 136,311 EUR | 136,311 EUR |
Schemes
Vergoeding voor vrijwillige stopzetting van varkensstallen
Recognitions · licences · registrations
Food safety, FASFC
1 siteVleteren2.153.770.281
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LIJSTERHOEK
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Of 902 companies in sector 01461 we hold annual accounts for 295. 241 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-1973
Fiscal year end31-12
Activities, NACEBEL
01231
01461Pig breeding farms
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.