PIXIE DEVELOPMENT
ActiveSummary
PIXIE DEVELOPMENT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €-23k. Its solvency ranks better than 20% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-17
Solvency31▼-4
Growth55
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 21.67; short-term debt: 4.6% and cash: 0.4% of total assets), but 93.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.3%
Return on assets
-3.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year €-23k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4539 sector peers (2025).
NBB · sector comparisonPosition among 4539 sector peers
Solvency
better than 20%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
32 d early
2024
34 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
Turnover
€16k▲ 75.4%
2024 · €9k
2024: €9k
2024 → 2025
EBIT margin
25.6%▲ 26.1pp
2024 · -0.5%
2024: -0.5%
2024 → 2025
Net result
€-23k▼ 1,404%
2024 · €-1k
2024: €-1k
2024 → 2025
Working capital
€565k▼ 4.0%
2024 · €589k
2024: €589k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Turnover€9k-€16k▲ 75.4%
Equity€60k-€37k▼ 37.6%
Operating result€-47-€4k
Net result€-1k-€-23k▼ 1,404%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €47 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €593k
Equity
€37k ▼ 37.6%
Debt
€555k ▲ 4.2%
Debt's share of the balance-sheet total rises from 89.9% to 93.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▲
2024 · €2k
Cash flow
€-23k▼
2024 · €595
Current ratio
21.67
Quick ratio
0.08▼
2024 · 0.62
Debt to equity
14.83▲
2024 · 8.88
ROE
-60.2%▼
2024 · -2.5%
ROA
-3.8%▼
2024 · -0.3%
Interest coverage
0.16▼
2024 · 2.70
Debt ≤ 1 year
€27k▲
2024 · €4k
Debt > 1 year
€491k▼
2024 · €503k
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€593k€593k▼
Current assets29/58€593k€593k▼
Stocks and contracts in progress3€590k€590k=
Stocks30/36€590k€590k=
Property held for sale35€590k€590k=
Amounts receivable within one year40/41€24€0▼
Other amounts receivable41€24€0▼
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€593k€593k▼
Equity10/15€60k€37k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-1k€-24k▼
Amounts payable17/49€533k€555k▲
Amounts payable after more than one year17€503k€491k▼
Financial debts170/4€503k€491k▼
Credit institutions173€317k€270k▼
Other loans174€186k€221k▲
Amounts payable within one year42/48€4k€27k▲
Current portion of amounts payable after more than one year42-€23k
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Accrued charges and deferred income492/3€25k€37k▲
Income statement
Code20242025
Operating income70/76A€552k€16k▼
Turnover70€9k€16k▲
Change in stocks of work in progress, finished goods and contracts in progress71€543k€0▼
Operating charges60/66A€552k€12k▼
Goods for resale, raw materials and consumables60€542k€0▼
Purchases600/8€542k€0▼
Services and other goods61€5k€9k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€0▼
Other operating charges640/8€3k€3k▼
Operating profit (loss)9901€-47€4k▲
Financial income75/76B-€1
Recurring financial income75-€1
Other financial income752/9-€1
Financial charges65/66B€1k€27k▲
Recurring financial charges65€1k€27k▲
Debt charges650€758€26k▲
Other financial charges652/9€695€625▼
Profit (loss) for the period before taxes9903€-1k€-23k▼
Profit (loss) for the period9904€-1k€-23k▼
Profit (loss) for the period to be appropriated9905€-1k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-24k▼
Profit (loss) brought forward from the previous period14P-€-1k
The notes to these accounts (27 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
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, Waregem · 1 establishment unit since 2023
Ground area
1.1 ha
Building footprint
581 m²
Volume, LiDAR
520 m³
Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
141
companies at this address
See who is registered here
1 establishment unit
Pixie Development NV
since 20232.343.206.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
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
RD PROJECTS
BE 0772.802.760
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NEXT LEVEL VASTGOED
BE 0675.341.912
Lochristi · Eq €37,387
MERCY-DE ROO INVEST
BE 0677.996.643
Sint-Laureins · Eq €37,312
ELBO INVEST
BE 0831.528.342
Brussel · Eq €37,597
WELL'S
BE 0439.997.740
Liège · Eq €37,617
Of 12,020 companies in sector 68203 we hold annual accounts for 5,984. 2,776 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
Founded06-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.