PIRON S
ActivePIRON S has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.95M and a net result of €510k. Equity is growing by ~84.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 4137 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-5
Solvency60▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.39 in 2024; short-term debt: 37.2% and cash: 12.6% of total assets), but 64.7% 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 · 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
35.3%
Return on assets
9.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-10-2025, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
28 d early
2024
115 d early
2023
20 d early
2022
3 d early
2021
3 d early
2020
11 d early
2019
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€510k▲ 17.0%
2024 · €436k
2019: €39k
2020: €4k
2021: €152k
2022: €289k
2023: €489k
2024: €436k
2019 → 2025
Working capital
€1.29M▲ 77.7%
2024 · €724k
2019: €73k
2020: €32k
2021: €121k
2022: €391k
2023: €690k
2024: €724k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€519k▲ 125%€1.01M▲ 94.1%€1.44M▲ 43.2%€1.95M▲ 35.3%
Operating result€201k-€392k▲ 94.9%€643k▲ 63.9%€605k▼ 6.0%€690k▲ 14.1%
Net result€152k-€289k▲ 89.8%€489k▲ 69.4%€436k▼ 10.8%€510k▲ 17.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.54M
Fixed assets
€2.19M▲ 204%
Current assets
€3.35M▲ 30.3%
Equity and liabilities €5.54M
Equity
€1.95M▲ 35.3%
Debt
€3.59M▲ 94.2%
The debt ratio rises from 56.1% to 64.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€827k▲
2024 · €700k
Cash flow
€648k▲
2024 · €531k
Solvency
35.3%▼
2024 · 43.9%
Current ratio
1.62▲
2024 · 1.39
Quick ratio
0.55▲
2024 · 0.29
Debt / equity
1.83▲
2024 · 1.28
ROE
26.1%▼
2024 · 30.2%
ROA
9.2%▼
2024 · 13.2%
Interest coverage
11.10▼
2024 · 13.76
Debt
€3.59M▲
2024 · €1.85M
Debt ≤ 1 year
€2.06M▲
2024 · €1.85M
Debt > 1 year
€1.52M▲
2024 · €0
Income taxes
€124k▼
2024 · €127k
Staff costs
€126k▼
2024 · €126k
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€3.29M€5.54M▲
Fixed assets21/28€720k€2.19M▲
Intangible fixed assets21€30k€18k▼
Tangible fixed assets22/27€670k€2.15M▲
Land and buildings22€318k€1.59M▲
Plant, machinery and equipment23€149k€218k▲
Furniture and vehicles24€202k€345k▲
Financial fixed assets28€20k€20k=
Current assets29/58€2.57M€3.35M▲
Stocks and contracts in progress3€2.04M€2.21M▲
Stocks30/36€2.04M€2.21M▲
Amounts receivable within one year40/41€449k€439k▼
Trade receivables40€449k€372k▼
Other amounts receivable41-€67k
Cash at bank and in hand54/58€77k€695k▲
Deferred charges and accrued income490/1€9k€11k▲
Equity and liabilities
Total equity and liabilities10/49€3.29M€5.54M▲
Equity10/15€1.44M€1.95M▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€1.42M€1.93M▲
Amounts payable17/49€1.85M€3.59M▲
Amounts payable after more than one year17€0€1.52M▲
Financial debts170/4€0€1.52M▲
Amounts payable within one year42/48€1.85M€2.06M▲
Current portion of amounts payable after more than one year42€197k€128k▼
Financial debts43€100k€0▼
Credit institutions430/8€100k€0▼
Trade debts44€980k€1.40M▲
Suppliers440/4€980k€1.40M▲
Taxes, remuneration and social security45€115k€70k▼
Taxes450/3€97k€52k▼
Remuneration and social security454/9€18k€19k▲
Other amounts payable47/48€454k€467k▲
Income statement
Code20242025
Remuneration, social security and pensions62€126k€126k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€137k▲
Other operating charges640/8€8k€35k▲
Gross operating margin9900€834k€988k▲
Operating profit (loss)9901€605k€690k▲
Financial income75/76B€9k€19k▲
Recurring financial income75€9k€19k▲
Financial charges65/66B€51k€75k▲
Recurring financial charges65€51k€75k▲
Profit (loss) for the period before taxes9903€563k€634k▲
Income taxes67/77€127k€124k▼
Profit (loss) for the period9904€436k€510k▲
Profit (loss) for the period to be appropriated9905€436k€510k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.42M€1.93M▲
Profit (loss) brought forward from the previous period14P€988k€1.42M▲
Social balance
Average headcount (FTE)90873.13.4▲
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
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Highest result since 2019net €510k ▲17%
Operating result €690k, net result €510k, both a record.
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €1MEq €1.01M ▲94.1%
5 profitable years in a row build equity to €1.01M.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Equity above €500kEq €519k ▲125%
4 profitable years in a row build equity to €519k.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Equity above €200kEq €231k ▲193%
3 profitable years in a row build equity to €231k.
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Weakest financial yearnet €4k ▼90.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Baelen · 1 establishment unit since 2016
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 des Francs 14837 Baelen1 establishment unit
PIRON S
since 20162.257.716.570
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Of 345 companies in sector 47812 we hold annual accounts for 204. 129 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-2016
Fiscal year end31-03
Activities, NACEBEL
47812Retail trade
46610Wholesale trade
28300Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95319Other maintenance and repair of motor vehicles
46649Wholesale of other machinery and equipment
52249Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@piron-sprl.be