Summary
PIETTE & PARTNERS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.36M and a net result of €434k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 41% of 490 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
51 d early
2023
34 d early
2022
47 d early
2021
53 d early
2020
53 d early
2019
101 d early
← 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, full schema
Equity
€3.36M▲ 0.6%
2024 · €3.34M
2021: €3.33M
2023: €3.15M
2024: €3.34M
2021 → 2025
Net result
€434k▼ 27.3%
2024 · €597k
2021: €130k
2023: €-97k
2024: €597k
2021 → 2025
Total assets
€10.62M▲ 17.0%
2024 · €9.07M
2021: €8.35M
2023: €9.80M
2024: €9.07M
2021 → 2025
Solvency
31.7%▼ 5.2pp
2024 · 36.8%
2021: 39.8%
2023: 32.1%
2024: 36.8%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202320242025Trend
Turnover€4.10M-€4.89M▲ 19.4%€5.29M▲ 8.3%€5.73M▲ 8.2%
Equity€3.33M-€3.15M▼ 5.4%€3.34M▲ 6.2%€3.36M▲ 0.6%
Operating result€238k-€-67k€758k€619k▼ 18.4%
Net result€130k-€-97k€597k€434k▼ 27.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.62M
Fixed assets
€3.79M ▲ 15.2%
Current assets
€6.82M ▲ 18.1%
Equity and liabilities €10.62M
Equity
€3.36M ▲ 0.6%
Provisions
€9k ▼ 80.7%
Debt
€7.25M ▲ 27.5%
Debt's share of the balance-sheet total rises from 62.7% to 68.3%. Equity and debt are higher.
Key figures and ratios
ROE
12.9%▼
2024 · 17.8%
ROA
4.1%▼
2024 · 6.6%
Debt ≤ 1 year
€7.24M▲
2024 · €5.67M
Income taxes
€206k▼
2024 · €232k
Staff costs
€3.17M▲
2024 · €2.94M
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 · 74 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.07M€10.62M▲
Fixed assets21/28€3.29M€3.79M▲
Intangible fixed assets21€156k€279k▲
Tangible fixed assets22/27€3.14M€3.52M▲
Land and buildings22€2.04M€2.59M▲
Plant, machinery and equipment23€178k€298k▲
Furniture and vehicles24€524k€627k▲
Assets under construction and advance payments27€401k-
Financial fixed assets28€0-
Other financial fixed assets284/8€0-
Amounts receivable and cash guarantees285/8€0-
Current assets29/58€5.78M€6.82M▲
Amounts receivable within one year40/41€2.02M€1.99M▼
Trade receivables40€1.87M€1.84M▼
Other amounts receivable41€148k€154k▲
Current investments50/53€2.30M-
Other investments51/53€2.30M-
Cash at bank and in hand54/58€1.26M€4.69M▲
Deferred charges and accrued income490/1€204k€145k▼
Equity and liabilities
Total equity and liabilities10/49€9.07M€10.62M▲
Equity10/15€3.34M€3.36M▲
Contributions10/11€3.21M€3.21M=
Capital10€3.21M€3.21M=
Issued capital100€3.21M€3.21M=
Reserves13€106k€127k▲
Non-distributable reserves130/1€106k€127k▲
Legal reserve130€106k€127k▲
Profit (loss) carried forward14€0€0=
Investment grants15€29k€26k▼
Provisions and deferred taxes16€45k€9k▼
Provisions for liabilities and charges160/5€35k-
Other liabilities and charges164/5€35k-
Deferred taxes168€10k€9k▼
Amounts payable17/49€5.68M€7.25M▲
Amounts payable within one year42/48€5.67M€7.24M▲
Trade debts44€4.43M€5.96M▲
Suppliers440/4€4.43M€5.96M▲
Taxes, remuneration and social security45€522k€567k▲
Taxes450/3€182-
Remuneration and social security454/9€522k€567k▲
Other amounts payable47/48€720k€712k▼
Accrued charges and deferred income492/3€10k€7k▼
Income statement
Code20242025
Operating income70/76A€5.56M€6.04M▲
Turnover70€5.29M€5.73M▲
Other operating income74€123k€196k▲
Non-recurring operating income76A€148k€117k▼
Operating charges60/66A€4.81M€5.42M▲
Services and other goods61€1.45M€1.72M▲
Remuneration, social security and pensions62€2.94M€3.17M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€395k€546k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-35k
Other operating charges640/8€14k€15k▲
Non-recurring operating charges66A€3k€4k▲
Operating profit (loss)9901€758k€619k▼
Financial income75/76B€85k€38k▼
Recurring financial income75€85k€38k▼
Income from current assets751€82k€35k▼
Other financial income752/9€3k€3k=
Financial charges65/66B€16k€18k▲
Recurring financial charges65€16k€18k▲
Other financial charges652/9€16k€18k▲
Profit (loss) for the period before taxes9903€827k€639k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€232k€206k▼
Taxes670/3€232k€206k▼
Profit (loss) for the period9904€597k€434k▼
Profit (loss) for the period to be appropriated9905€597k€434k▼
Appropriation of the result
Profit (loss) to be appropriated9906€452k€434k▼
Profit (loss) brought forward from the previous period14P€-144k-
Transfer to equity691/2€23k€22k▼
To the legal reserve6920€23k€22k▼
Profit to be distributed694/7€430k€412k▼
Return on contributions (dividend)694€430k€412k▼
Social balance
Average headcount (FTE)908725.226.2▲
The notes to these accounts (51 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
01-07
State Gazette act
General meeting · Board meeting
Permanent representative · Director resignation
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
15-05
State Gazette act
General meeting · Board meeting
Permanent representative · Board composition
2024
31-12
Financial
Back to profitnet €597k
Net result €597k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-97k ▼175%
Net result drops to €-97k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2013
30-07
State Gazette act
General meeting · Demerger
Power of attorney · Gérard INDEKEU
30-07
State Gazette act
General meeting · Merger
Power of attorney · Balance sheet date
24-04
State Gazette act
Board meeting · Demerger
Corporate purpose · Accounting effect
24-04
State Gazette act
Board meeting · Demerger
Accounting effect · Net-asset statement
2011
03-11
State Gazette act
General meeting · Board composition
Member admission · Auditor reappointment
03-11
State Gazette act
General meeting · Board composition
Member admission · Auditor appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 29 acts read
About the unread acts
We know of 29 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
29 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, Kortrijk · 1 establishment unit since 1993
Ground area
239 m²
Parcel 34022E0024/00X034, Flanders. Linked by address, not a title deed.
1 establishment unit
PIETTE & PARTNERS
since 19932.060.924.455
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0024/00X034 | Flanders | 239 m² | - | - |
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.
Structure & network
Ownership & control
2 parent companies · 1 board mandateControl over this companyparent company per the LEI register2
Sint-Joost-Ten-Node
Sint-Joost-Ten-Node · indirect
controls
PIETTE & PARTNERSBE 0448.811.575
Board mandates of this companythis company sits on their board1
1 location
Acquisitions and mergers
1 transactionSplit off to:P & V ASSURANCES
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 49,804 EUR awarded · 916 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 43,000 EUR | 0 EUR |
| 2023 | 1 | 5,888 EUR | 0 EUR |
| 2022 | 1 | 916 EUR | 916 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Onderzoekspremie voor beschermde monumenten en landschappen
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
6994004BF2PZR74P6M07
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Of 4,683 companies in sector 66220 we hold annual accounts for 3,228. 1,187 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 formPublic limited company
Founded30-11-1992
Fiscal year end31-12
Abbreviation NL
PnP
Activities, NACEBEL 2025
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.