PILTEC
ActiveSummary
PILTEC has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €749k and a net result of €808k. Its solvency ranks better than 25% of 2008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+4
Solvency47▼-11
Growth78
Track record82
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days only on tighter terms
Liquidity short (current ratio 0.75 against 1.25 in 2024; short-term debt: 71.8% and cash: 5.8% of total assets), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
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
22.2%
Return on assets
23.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 2008 sector peers (2025).
NBB · sector comparisonPosition among 2008 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 2 filingsDeviation from the deadline
2025
27 d late
2024
15 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€808k▲ 418%
2024 · €156k
2024: €156k
2024 → 2025
Working capital
€-610k
2024 · €122k
2024: €122k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€241k-€749k▲ 211%
Operating result€206k-€919k▲ 345%
Net result€156k-€808k▲ 418%
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 345% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.37M
Fixed assets
€1.56M ▲ 1,199%
Current assets
€1.81M ▲ 196%
Equity and liabilities €3.37M
Equity
€749k ▲ 211%
Provisions
€200k
Debt
€2.42M ▲ 393%
Debt's share of the balance-sheet total rises from 67.1% to 71.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.08M▲
2024 · €211k
Cash flow
€970k▲
2024 · €161k
Current ratio
0.75▼
2024 · 1.25
Quick ratio
0.30▼
2024 · 0.44
Debt to equity
3.24▲
2024 · 2.04
ROE
107.9%▲
2024 · 64.7%
ROA
23.9%▲
2024 · 21.3%
Interest coverage
528.53▲
2024 · 32.73
Debt ≤ 1 year
€2.42M▲
2024 · €490k
Debt > 1 year
€3k
Income taxes
€111k▲
2024 · €44k
Staff costs
€66k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€732k€3.37M▲
Fixed assets21/28€120k€1.56M▲
Intangible fixed assets21-€537
Tangible fixed assets22/27€108k€1.55M▲
Plant, machinery and equipment23€2k€81k▲
Furniture and vehicles24€5k€39k▲
Other tangible fixed assets26€100k€1.43M▲
Financial fixed assets28€12k€12k=
Current assets29/58€612k€1.81M▲
Stocks and contracts in progress3€397k€1.07M▲
Stocks30/36€397k€1.07M▲
Amounts receivable within one year40/41€97k€532k▲
Trade receivables40€88k€532k▲
Other amounts receivable41€10k-
Cash at bank and in hand54/58€106k€195k▲
Deferred charges and accrued income490/1€13k€9k▼
Equity and liabilities
Total equity and liabilities10/49€732k€3.37M▲
Equity10/15€241k€749k▲
Contributions10/11€100k€100k=
Profit (loss) carried forward14€141k€649k▲
Provisions and deferred taxes16-€200k
Provisions for liabilities and charges160/5-€200k
Other liabilities and charges164/5-€200k
Amounts payable17/49€491k€2.42M▲
Amounts payable after more than one year17-€3k
Financial debts170/4-€3k
Amounts payable within one year42/48€490k€2.42M▲
Current portion of amounts payable after more than one year42-€11k
Trade debts44€118k€1.35M▲
Suppliers440/4€118k€1.35M▲
Advances received on contracts in progress46€313k€538k▲
Taxes, remuneration and social security45€44k€217k▲
Taxes450/3€44k€203k▲
Remuneration and social security454/9-€14k
Other amounts payable47/48€15k€300k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Non-recurring operating income76A€48€63k▲
Remuneration, social security and pensions62-€66k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€162k▲
Other operating charges640/8€50€2k▲
Non-recurring operating charges66A-€200k
Gross operating margin9900€211k€1.35M▲
Operating profit (loss)9901€206k€919k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€6k€2k▼
Recurring financial charges65€6k€2k▼
Profit (loss) for the period before taxes9903€200k€918k▲
Income taxes67/77€44k€111k▲
Profit (loss) for the period9904€156k€808k▲
Profit (loss) for the period to be appropriated9905€156k€808k▲
Appropriation of the result
Profit (loss) to be appropriated9906€156k€949k▲
Profit (loss) brought forward from the previous period14P-€141k
Profit to be distributed694/7€15k€300k▲
Directors or managers695€15k€300k▲
Social balance
Average headcount (FTE)9087-1.4
The notes to these accounts (16 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Equity above €500kEq €749k ▲211%
2 profitable years in a row build equity to €749k.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Waterloo · 1 establishment unit since 2023
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.
Avenue des Pâquerettes 551410 WaterlooGround area
1,433 m²
Building footprint
832 m²
Volume, LiDAR
3,946 m³
Parcel 25762F0043/00T003, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PILTEC
since 20232.354.675.790
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762F0043/00T003 | Wallonia | 1,433 m² | 1 · 832 m² | 6.3 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.
Similar companies · same sector, comparable size
PVFINVEST
BE 0533.872.855
Seneffe · Eq €748,832
VAN LOOY GROUP
BE 0432.104.910
Brussel · Eq €748,147
ARCH & TECO ENGINEERING
BE 0444.463.304
Gent · Eq €747,357
Sumaqua
BE 0672.875.340
Leuven · Eq €750,065
Adinex
BE 0879.276.393
Herentals · Eq €750,110
Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 3,887 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
Founded29-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors
47789Other retail sale of new goods
68310Real estate agency activities
70200Business and other management consultancy
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.