PIGS
ActivePIGS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €10k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 37% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▲+21
Solvency44=
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.07 in 2024; short-term debt: 80.8% and cash: 0.5% of total assets), and 80.8% 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
19.2%
Return on assets
1.1%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
36 d late
2023
90 d late
2022
on the day
2021
5 d early
2020
41 d early
2019
60 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10k
2024 · €-23k
2019: €22k
2020: €18k
2021: €2k
2022: €2k
2023: €1k
2024: €-23k
2019 → 2025
Working capital
€70k▲ 48.3%
2024 · €47k
2019: €75k
2020: €88k
2021: €107k
2022: €61k
2023: €76k
2024: €47k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€175k-€177k▲ 1.0%€178k▲ 0.8%€155k▼ 13.1%€165k▲ 6.2%
Operating result€29k-€29k▼ 1.9%€58k▲ 101%€14k▼ 75.8%€41k▲ 196%
Net result€2k-€2k▲ 13.1%€1k▼ 25.3%€-23k€10k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 196% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €856k
Fixed assets
€95k▼ 12.2%
Current assets
€761k▲ 10.7%
Equity and liabilities €856k
Equity
€165k▲ 6.2%
Debt
€692k▲ 7.9%
The debt ratio rises from 80.5% to 80.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€62k▲
2024 · €34k
Cash flow
€30k▲
2024 · €-4k
Solvency
19.2%▼
2024 · 19.5%
Current ratio
1.10▲
2024 · 1.07
Quick ratio
0.93▼
2024 · 0.97
Debt / equity
4.20▲
2024 · 4.13
ROE
5.8%▲
2024 · -15.1%
ROA
1.1%▲
2024 · -2.9%
Interest coverage
2.83▲
2024 · 0.94
Debt
€692k▲
2024 · €641k
Debt ≤ 1 year
€692k▲
2024 · €641k
Income taxes
€10k▲
2024 · €2k
Staff costs
€236k▼
2024 · €276k
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€796k€856k▲
Fixed assets21/28€108k€95k▼
Tangible fixed assets22/27€37k€24k▼
Plant, machinery and equipment23€2k€7k▲
Furniture and vehicles24€34k€17k▼
Leasing and similar rights25€549€0▼
Financial fixed assets28€71k€71k=
Current assets29/58€688k€761k▲
Stocks and contracts in progress3€65k€121k▲
Stocks30/36€65k€121k▲
Amounts receivable within one year40/41€619k€635k▲
Trade receivables40€322k€352k▲
Other amounts receivable41€297k€283k▼
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€796k€856k▲
Equity10/15€155k€165k▲
Contributions10/11€69k€69k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€85k€94k▲
Amounts payable17/49€641k€692k▲
Amounts payable within one year42/48€641k€692k▲
Current portion of amounts payable after more than one year42€15k€0▼
Financial debts43€285k€285k=
Credit institutions430/8€285k€285k=
Trade debts44€91k€194k▲
Suppliers440/4€91k€194k▲
Advances received on contracts in progress46-€457
Taxes, remuneration and social security45€150k€70k▼
Taxes450/3€118k€43k▼
Remuneration and social security454/9€32k€27k▼
Other amounts payable47/48€100k€142k▲
Income statement
Code20242025
Non-recurring operating income76A€82k€0▼
Remuneration, social security and pensions62€276k€236k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€9k€3k▼
Non-recurring operating charges66A€23k-
Gross operating margin9900€342k€301k▼
Operating profit (loss)9901€14k€41k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€36k€22k▼
Recurring financial charges65€36k€22k▼
Profit (loss) for the period before taxes9903€-22k€19k▲
Income taxes67/77€2k€10k▲
Profit (loss) for the period9904€-23k€10k▲
Profit (loss) for the period to be appropriated9905€-23k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€85k€94k▲
Profit (loss) brought forward from the previous period14P€108k€85k▼
The notes to these accounts (8 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2024
31-12
Financial
Weakest financial yearnet €-23k ▼1803%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Walcourt · 1 establishment unit since 1996
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.
Route de Philippeville(Tar) 945651 WalcourtGround area
286 m²
Building footprint
77 m²
Parcel 93076D0034/00W002, Wallonia. Linked by address, not a title deed.
1 establishment unit
PICS
since 19962.079.252.705
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93076D0034/00W002indicative | Wallonia | 286 m² | 1 · 77 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PATTYNOS
BE 0756.861.504
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BVD BE
BE 0794.495.425
Waterloo · Eq €165k
STATION DES PLENESSES
BE 0771.761.593
Thimister-Clermont · Eq €166k
'T KRANTJE
BE 0469.162.274
Laakdal · Eq €163k
Multi Print N.O.
BE 0466.217.038
Verviers · Eq €167k
Of 2,348 companies in sector 47621 we hold annual accounts for 1,246. 1,052 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-06-1996
Fiscal year end31-12
Abbreviation FR
B.I.C.S.
Activities, NACEBEL
46492Wholesale trade
47620Retail trade
47621Retail sale of newspapers and periodicals
51475
52470
43211General electrical installation work
45310
47400Retail sale of information and communication equipment
47410Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
52487
Sources
Crossroads Bank for EnterprisesNational Bank · 29 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.