PIETERS MANAGEMENT
ActiveSummary
PIETERS MANAGEMENT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.20M and a net result of €404k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+5
Solvency95▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 1.82 in 2024; short-term debt: 10.9% and cash: 5.8% of total assets), and 29.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
70.5%
Return on assets
13%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-04-2026, 119 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
119 d early
2024
120 d early
2023
61 d early
2022
62 d early
2021
88 d early
2020
93 d early
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.20M▲ 22.5%
2024 · €1.79M
2018: €816k
2019: €1.02M
2020: €1.25M
2021: €1.29M
2022: €1.39M
2023: €1.71M
2024: €1.79M
2018 → 2025
Total assets
€3.12M▲ 3.5%
2024 · €3.01M
2018: €2.81M
2019: €2.82M
2020: €2.87M
2021: €2.91M
2022: €2.92M
2023: €2.99M
2024: €3.01M
2018 → 2025
Net result
€404k▲ 44.4%
2024 · €280k
2018: €115k
2019: €205k
2020: €228k
2021: €246k
2022: €297k
2023: €320k
2024: €280k
2018 → 2025
Working capital
€849k▲ 90.7%
2024 · €445k
2018: €-68k
2019: €91k
2020: €256k
2021: €233k
2022: €269k
2023: €579k
2024: €445k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.29M-€1.39M▲ 7.5%€1.71M▲ 23.0%€1.79M▲ 4.7%€2.20M▲ 22.5%
Operating result€360k-€423k▲ 17.6%€468k▲ 10.5%€413k▼ 11.7%€558k▲ 35.0%
Net result€246k-€297k▲ 20.8%€320k▲ 7.7%€280k▼ 12.6%€404k▲ 44.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.12M
Fixed assets
€1.93M ▼ 4.9%
Current assets
€1.19M ▲ 20.6%
Equity and liabilities €3.12M
Equity
€2.20M ▲ 22.5%
Debt
€919k ▼ 24.5%
Debt's share of the balance-sheet total falls from 40.5% to 29.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€659k▲
2024 · €543k
Cash flow
€506k▲
2024 · €410k
Current ratio
3.50▲
2024 · 1.82
Debt to equity
0.42▼
2024 · 0.68
ROE
18.4%▲
2024 · 15.6%
ROA
13.0%▲
2024 · 9.3%
Interest coverage
13.30▲
2024 · 8.22
Debt ≤ 1 year
€340k▼
2024 · €540k
Debt > 1 year
€543k▼
2024 · €634k
Income taxes
€138k▲
2024 · €97k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.01M€3.12M▲
Fixed assets21/28€2.03M€1.93M▼
Tangible fixed assets22/27€2.03M€1.93M▼
Land and buildings22€2.03M€1.93M▼
Financial fixed assets28€35€35=
Current assets29/58€986k€1.19M▲
Amounts receivable within one year40/41€822k€1.01M▲
Trade receivables40€47k€51k▲
Other amounts receivable41€775k€957k▲
Cash at bank and in hand54/58€161k€180k▲
Deferred charges and accrued income490/1€3k€971▼
Equity and liabilities
Total equity and liabilities10/49€3.01M€3.12M▲
Equity10/15€1.79M€2.20M▲
Contributions10/11€175k€175k=
Reserves13€1.62M€2.02M▲
Distributable reserves133€1.62M€2.02M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.22M€919k▼
Amounts payable after more than one year17€634k€543k▼
Financial debts170/4€252k€164k▼
Other amounts payable178/9€382k€379k▼
Amounts payable within one year42/48€540k€340k▼
Current portion of amounts payable after more than one year42€151k€88k▼
Trade debts44€13k€7k▼
Suppliers440/4€13k€7k▼
Taxes, remuneration and social security45€47k€63k▲
Taxes450/3€47k€63k▲
Other amounts payable47/48€328k€181k▼
Accrued charges and deferred income492/3€44k€37k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€102k▼
Other operating charges640/8€32k€33k▲
Non-recurring operating charges66A€113k€0▼
Gross operating margin9900€688k€693k▲
Operating profit (loss)9901€413k€558k▲
Financial income75/76B€30k€34k▲
Recurring financial income75€30k€34k▲
Financial charges65/66B€66k€50k▼
Recurring financial charges65€66k€50k▼
Profit (loss) for the period before taxes9903€377k€542k▲
Income taxes67/77€97k€138k▲
Profit (loss) for the period9904€280k€404k▲
Profit (loss) for the period to be appropriated9905€280k€404k▲
Appropriation of the result
Profit (loss) to be appropriated9906€280k€404k▲
Transfer to equity691/2€80k€404k▲
To other reserves6921€80k€404k▲
Profit to be distributed694/7€200k€0▼
Return on contributions (dividend)694€200k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (21 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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €404k ▲44.4%
Operating result €558k, net result €404k, both a record.
31-12
Financial
Equity above €2MEq €2.20M ▲22.5%
8 profitable years in a row build equity to €2.20M.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 1.45
Current ratio from 0.67 to 1.45.
31-12
Financial
Equity above €1MEq €1.02M ▲25.2%
2 profitable years in a row build equity to €1.02M.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
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
2 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, Stekene · 1 establishment unit since 2003
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.
Voorhout(STE) 53B9190 StekeneGround area
5,440 m²
Building footprint
2,067 m²
Volume, LiDAR
13,189 m³
2 parcels, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pieters Management
since 20032.134.119.764
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46011A1538/00C000 | Flanders | 4,511 m² | 1 · 1,843 m² | 8.4 m · 2 fl. |
| 46011A1115/00B000 | Flanders | 929 m² | 1 · 224 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FDF
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ROSALISA
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STUYTS INVEST
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 19,065 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.