ETS Robert PIERRARD
ActiveETS Robert PIERRARD has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.58M and a net result of €173k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 4149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-3
Solvency65▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.39 in 2024; short-term debt: 45.7% and cash: 0.4% of total assets), and 60.2% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
39.8%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
3 d late
2023
2 d early
2022
on the day
2021
4 d late
2020
1 d late
2019
7 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€173k▲ 41.2%
2024 · €122k
2019: €131k
2020: €439k
2021: €-5k
2022: €196k
2023: €88k
2024: €122k
2019 → 2025
Working capital
€-2.68M▼ 448%
2024 · €-490k
2019: €-1.08M
2020: €-461k
2021: €-694k
2022: €-491k
2023: €-442k
2024: €-490k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€779k-€975k▲ 25.2%€1.06M▲ 9.0%€811k▼ 23.8%€2.58M▲ 219%
Operating result€102k-€313k▲ 206%€149k▼ 52.5%€189k▲ 27.4%€257k▲ 35.9%
Net result€-5k-€196k€88k▼ 55.1%€122k▲ 38.7%€173k▲ 41.2%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 36% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.49M
Fixed assets
€6.21M▲ 168%
Current assets
€281k▼ 10.2%
Equity and liabilities €6.49M
Equity
€2.58M▲ 219%
Provisions
€0▼ 100%
Debt
€3.90M▲ 132%
The debt ratio falls from 64.2% to 60.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€404k▲
2024 · €279k
Cash flow
€320k▲
2024 · €213k
Solvency
39.8%▲
2024 · 30.9%
Current ratio
0.09▼
2024 · 0.39
Quick ratio
0.09▼
2024 · 0.36
Debt / equity
1.51▼
2024 · 2.08
ROE
6.7%▼
2024 · 15.1%
ROA
2.7%▼
2024 · 4.7%
Interest coverage
10.44▼
2024 · 15.29
Debt
€3.90M▲
2024 · €1.69M
Debt ≤ 1 year
€2.96M▲
2024 · €803k
Debt > 1 year
€941k▲
2024 · €883k
Income taxes
€68k▲
2024 · €51k
Staff costs
€5k▼
2024 · €5k
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€2.63M€6.49M▲
Fixed assets21/28€2.31M€6.21M▲
Tangible fixed assets22/27€1.55M€1.49M▼
Land and buildings22€1.55M€1.49M▼
Plant, machinery and equipment23€632-
Financial fixed assets28€764k€4.72M▲
Current assets29/58€313k€281k▼
Stocks and contracts in progress3€26k€26k=
Stocks30/36€26k€26k=
Amounts receivable within one year40/41€181k€228k▲
Trade receivables40€181k€11k▼
Other amounts receivable41-€217k
Cash at bank and in hand54/58€106k€27k▼
Equity and liabilities
Total equity and liabilities10/49€2.63M€6.49M▲
Equity10/15€811k€2.58M▲
Contributions10/11€62k€1.66M▲
Capital10€62k€1.66M▲
Issued capital100€62k€1.66M▲
Reserves13€65k€73k▲
Non-distributable reserves130/1€13k€21k▲
Legal reserve130€5k€14k▲
Other1319€7k€7k=
Tax-exempt reserves132€52k€52k=
Distributable reserves133€325€325=
Profit (loss) carried forward14€684k€848k▲
Provisions and deferred taxes16€129k-
Provisions for liabilities and charges160/5€129k-
Other liabilities and charges164/5€129k-
Amounts payable17/49€1.69M€3.90M▲
Amounts payable after more than one year17€883k€941k▲
Financial debts170/4€883k€941k▲
Amounts payable within one year42/48€803k€2.96M▲
Current portion of amounts payable after more than one year42€221k€364k▲
Trade debts44€8k€20k▲
Suppliers440/4€8k€20k▲
Taxes, remuneration and social security45€39k€20k▼
Taxes450/3€39k€20k▼
Other amounts payable47/48€535k€2.56M▲
Income statement
Code20242025
Non-recurring operating income76A€33k€53k▲
Remuneration, social security and pensions62€5k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€147k▲
Other operating charges640/8€38k€26k▼
Non-recurring operating charges66A€26k€475▼
Gross operating margin9900€349k€435k▲
Operating profit (loss)9901€189k€257k▲
Financial income75/76B€3k€22k▲
Recurring financial income75€3k€22k▲
Financial charges65/66B€18k€39k▲
Recurring financial charges65€18k€39k▲
Profit (loss) for the period before taxes9903€174k€241k▲
Income taxes67/77€51k€68k▲
Profit (loss) for the period9904€122k€173k▲
Profit (loss) for the period to be appropriated9905€122k€173k▲
Appropriation of the result
Profit (loss) to be appropriated9906€684k€857k▲
Profit (loss) brought forward from the previous period14P€562k€684k▲
Transfer to equity691/2-€9k
To the legal reserve6920-€9k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
19-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
19-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
19-02
State Gazette act
General meeting · Merger
Dissolution · Purpose change
2025
31-12
Financial
Equity above €2MEq €2.58M ▲219%
4 profitable years in a row build equity to €2.58M.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 3 days late
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Equity above €1MEq €1.06M ▲9%
2 profitable years in a row build equity to €1.06M.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Back to profitnet €196k
Net result €196k after one loss-making year.
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
30-06
Financial
Weakest financial yearnet €-5k ▼101%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 1 day late
2020
30-06
Financial
Highest result since 2019net €439k ▲235%
Operating result €691k, net result €439k, both a record.
30-06
Financial
Equity above €500kEq €785k ▲127%
2 profitable years in a row build equity to €785k.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
08-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 67 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are 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, Léglise · 1 establishment unit since 1980
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.
Rue de la Gaume, Assenois 796860 LégliseGround area
951 m²
Building footprint
334 m²
Volume, LiDAR
1,529 m³
Parcel 84004C0239/00H000, Wallonia · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Gaume, Assenois 79, 6860 Léglise
since 19802.018.915.438
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84004C0239/00H000 | Wallonia | 951 m² | 1 · 334 m² | 6.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500OVHHDT5KCIS966
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Of 1,267 companies in sector 47300 we hold annual accounts for 946. 332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1980
Fiscal year end31-12
Activities, NACEBEL
46810Wholesale of solid, liquid and gaseous fuels and related products
47300Retail sale of automotive fuel
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
50200
50302
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.