Pyzo
ActiveSummary
Pyzo has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €253,342 and a net result of €84,803. Equity has been growing by about 70% per year since 2020. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-02-2020 Normal situation
- Registered office
- 18 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.300.717.759 2170 Antwerpen, since 06-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €132,008
- ▼ 2.7%
- Turnover
- ≈ €330,000
- estimated
- Profit
- €84,803
- ▼ 7.3%
- Equity
- €253,342
- ▲ 50.3%
- Total assets
- €302,154
- ▲ 36.4%
- 2025 accounts filed 20 days after the deadline
Score breakdownraises riskLast filed accounts filed 20 days late; 1 of the last 3 accounts latelowers riskSize: total assets €302,154Liquidity: current ratio 4.71, cash €112,198Equity €253,342 (83.8% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 81% of them on solvency, 83% on liquidity, 90% on profitability and 86% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 27 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00408571.
Annual accounts 2025 filed on 20-08-2026 at the NBB all 6 filings
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result for 2025 is 7% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| part-time | 1 | 1 |
| in full-time equivalents | 0.5 | 0.5 |
| Average over the year, in full-time equivalents | 0.6 | 0.5 |
| On a permanent contract | - | 1 |
| Joined | 2 | 1 |
| Left | 2 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €15,000 | €8,510 | - | €81,520 | €1,499 |
| Financial fixed assets | €200 | - | - | - | - |
| Depreciation and write-downs of the year | €2,247 | €5,067 | €5,588 | €4,078 | €13,021 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €375 awarded · €375 paid| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €17,262 | €26,132 | €10,763 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €465 | €2,247 | €5,067 | €5,588 | €4,078 | €13,021 | ▲ 219% |
| Other operating charges640/8 | - | €2,026 | €3,317 | €904 | €6,725 | €2,890 | ▼ 57.0% |
| Gross operating margin9900 | €1,823 | €29,181 | €44,901 | €80,601 | €135,685 | €132,008 | ▼ 2.7% |
| Operating profit (loss)9901 | €1,010 | €7,646 | €10,385 | €63,347 | €124,882 | €116,098 | ▼ 7.0% |
| Financial income75/76B | - | €46 | €194 | €1,916 | €3,918 | €5,143 | ▲ 31.3% |
| Recurring financial income75 | - | €46 | €194 | €1,916 | €3,918 | €5,143 | ▲ 31.3% |
| Financial charges65/66B | - | €66 | €58 | €1,812 | €497 | €141 | ▼ 71.6% |
| Recurring financial charges65 | €54 | €66 | €58 | €1,812 | €497 | €141 | ▼ 71.6% |
| Profit (loss) for the period before taxes9903 | €956 | €7,626 | €10,521 | €63,451 | €128,303 | €121,100 | ▼ 5.6% |
| Income taxes67/77 | - | €1,844 | €4,678 | €18,968 | €36,828 | €36,297 | ▼ 1.4% |
| Profit (loss) for the period9904 | €956 | €5,782 | €5,843 | €44,483 | €91,475 | €84,803 | ▼ 7.3% |
| Profit (loss) for the period to be appropriated9905 | €956 | €5,782 | €5,843 | €44,483 | €91,475 | €84,803 | ▼ 7.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €28,628 | €43,584 | €53,385 | €113,104 | €221,585 | €302,154 | ▲ 36.4% |
| Fixed assets21/28 | €3,135 | €16,088 | €19,531 | €13,743 | €83,862 | €72,340 | ▼ 13.7% |
| Tangible fixed assets22/27 | €3,135 | €15,888 | €19,331 | €13,743 | €83,862 | €72,340 | ▼ 13.7% |
| Land and buildings22 | - | €1,229 | €4,238 | €3,737 | €32,079 | €30,065 | ▼ 6.3% |
| Plant, machinery and equipment23 | - | - | €3,854 | €2,187 | €521 | €1,339 | ▲ 157% |
| Furniture and vehicles24 | - | €14,659 | €11,239 | €7,819 | €51,262 | €40,936 | ▼ 20.1% |
| Financial fixed assets28 | - | €200 | €200 | - | - | - | - |
| Current assets29/58 | €25,493 | €27,496 | €33,854 | €99,361 | €137,723 | €229,814 | ▲ 66.9% |
| Amounts receivable within one year40/41 | - | €1,456 | €5,570 | €63,657 | €65,129 | €116,950 | ▲ 79.6% |
| Other amounts receivable41 | - | €1,456 | €5,570 | €63,657 | €65,129 | €116,950 | ▲ 79.6% |
| Cash at bank and in hand54/58 | €23,357 | €23,726 | €28,284 | €35,703 | €72,595 | €112,198 | ▲ 54.6% |
| Deferred charges and accrued income490/1 | - | €2,313 | - | - | - | €666 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €28,628 | €43,584 | €53,385 | €113,104 | €221,585 | €302,154 | ▲ 36.4% |
| Equity10/15 | €20,956 | €26,738 | €32,581 | €77,064 | €168,539 | €253,342 | ▲ 50.3% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | €5,782 | €11,625 | €56,108 | €148,539 | €233,342 | ▲ 57.1% |
| Distributable reserves133 | - | €5,782 | €11,625 | €56,108 | €148,539 | €233,342 | ▲ 57.1% |
| Profit (loss) carried forward14 | €956 | €956 | €956 | €956 | - | - | - |
| Amounts payable17/49 | €7,672 | €16,846 | €20,803 | €36,040 | €53,046 | €48,812 | ▼ 8.0% |
| Amounts payable within one year42/48 | €7,672 | €16,426 | €20,383 | €35,620 | €52,626 | €48,812 | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | - | €10,570 | €8,195 | €8,195 | €12,515 | €12,515 | = |
| Trade debts44 | €1,553 | €2,562 | €2,238 | €4,808 | €283 | - | - |
| Suppliers440/4 | - | €2,562 | €2,238 | €4,808 | €283 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €3,000 | - | - |
| Taxes, remuneration and social security45 | - | €3,293 | €9,951 | €19,617 | €36,828 | €36,297 | ▼ 1.4% |
| Taxes450/3 | - | €1,844 | €4,678 | €18,968 | €36,828 | €36,297 | ▼ 1.4% |
| Remuneration and social security454/9 | - | €1,450 | €5,273 | €649 | - | - | - |
| Other amounts payable47/48 | - | - | - | €3,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | €420 | €420 | €420 | €420 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €956 | €5,782 | €5,843 | €44,483 | €91,475 | €84,803 | ▼ 7.3% |
| + Depreciation and write-downs630 | €465 | €2,247 | €5,067 | €5,588 | €4,078 | €13,021 | ▲ 219% |
| Operating cash flow (approximation) | €1,421 | €8,029 | €10,910 | €50,071 | €95,553 | €97,824 | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | -€15,200 | -€8,510 | €200 | -€74,197 | -€1,499 | ▲ 98.0% |
| Change in cash | - | €369 | €4,558 | €7,419 | €36,891 | €39,604 | ▲ 7.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as Pyzo has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Pyzo itself is lower: 0.1% within 12 months. It rests on far more data about Pyzo than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Pyzo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00408571 | |
| 31-12-2024 | micro format | 19-08-2025 | 2025-00382286 | |
| 31-12-2023 | micro format | 02-09-2024 | 2024-00428069 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00420534 | |
| 31-12-2021 | micro format | 07-09-2022 | 2022-20419777 | |
| 31-12-2020 | micro format | 19-08-2021 | 2021-50200546 |
Board & ownership
Directors
Board 1
Day-to-day management 1
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Yusuf Ozgunes |
|
| Yakup Ozgunes |
|
Network & group
Pyzo shares no director with another company.
Companies at the same address
17 other companies- El Zammouri, Yasmina (sole trader) Establishment · since 2026 1038663726
- Lina healing Registered office · since 2026 1035253977
- Kara, Ayse (sole trader) Establishment · since 2025 1027408558
- Huygh, Thomas (sole trader) Establishment · since 2023 1001069494
- COBALT BOX Establishment · since 2023 0671792801
- Velthuis, Erik (sole trader) Establishment · since 2023 0803181873
- Illegems, Vanessa (sole trader) Establishment · since 2020 0756888822
- VAN DIJLE GROUP Registered office · since 2020 0749868792
- Toolstation Establishment · since 2019 0663816728
- V/RETAIL Establishment · since 2017 0876484575
Connections & network
1 current directorThe network starts from the directors of Pyzo. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-08
Gazette deed
Resignation: Yakup Ozgunes (director)4 points ▸
- General meeting, 10-06-2026
- Director resignation, Yakup Ozgunes (director (not named in the articles))
- Board meeting, 10-06-2026
- Director resignation, Yakup Ozgunes (day-to-day manager)
01-09
Gazette deed
Appointment: Yusuf Ozgunes (director)4 points ▸
- General meeting, 26-05-2025
- Director appointment, Yusuf Ozgunes (director (not named in the articles))
- Board meeting, 26-05-2025
- Director appointment, Yusuf Ozgunes (day-to-day manager)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Quality registration as a provider
1 live approvalSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11423B0115/00A003 | Flanders | 7,189 m² | 1 · 2,059 m² | 13.5 m · 3 |