XAVIER PIERLET
ActiveXAVIER PIERLET has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €450k and a net result of €82k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 14.99 against 9.89 in 2023; short-term debt: 5.5% and cash: 53.5% of total assets), and 14.9% 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
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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
85.1%
Return on assets
15.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d late
2023
71 d late
2022
51 d late
2021
57 d late
2020
86 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€450k▼ 0.7%
2023 · €453k
2018: €562k
2019: €563k
2020: €569k
2021: €472k
2022: €480k
2023: €453k
2018 → 2024
Total assets
€528k▲ 2.5%
2023 · €515k
2018: €620k
2019: €588k
2020: €593k
2021: €612k
2022: €534k
2023: €515k
2018 → 2024
Net result
€82k▲ 1.0%
2023 · €81k
2018: €100k
2019: €9k
2020: €21k
2021: €57k
2022: €23k
2023: €81k
2018 → 2024
Working capital
€410k▲ 16.6%
2023 · €351k
2018: €318k
2019: €353k
2020: €395k
2021: €328k
2022: €370k
2023: €351k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€569k-€472k▼ 17.1%€480k▲ 1.7%€453k▼ 5.6%€450k▼ 0.7%
Operating result€60k-€74k▲ 23.9%€28k▼ 62.1%€113k▲ 302%€110k▼ 2.0%
Net result€21k-€57k▲ 178%€23k▼ 59.6%€81k▲ 250%€82k▲ 1.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €528k
Fixed assets
€89k▼ 28.2%
Current assets
€439k▲ 12.3%
Equity and liabilities €528k
Equity
€450k▼ 0.7%
Debt
€79k▲ 26.4%
The debt ratio rises from 12.1% to 14.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€145k▼
2023 · €145k
Cash flow
€117k▲
2023 · €114k
Solvency
85.1%▼
2023 · 87.9%
Current ratio
14.99▲
2023 · 9.89
Quick ratio
14.99▲
2023 · 9.89
Debt / equity
0.17▲
2023 · 0.14
ROE
18.2%▲
2023 · 17.9%
ROA
15.5%▼
2023 · 15.7%
Interest coverage
378.80▲
2023 · 58.29
Debt
€79k▲
2023 · €62k
Debt ≤ 1 year
€29k▼
2023 · €40k
Income taxes
€29k▲
2023 · €29k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€515k€528k▲
Fixed assets21/28€124k€89k▼
Tangible fixed assets22/27€124k€89k▼
Land and buildings22€74k€50k▼
Plant, machinery and equipment23€24k€19k▼
Furniture and vehicles24€26k€20k▼
Financial fixed assets28€550€550=
Current assets29/58€391k€439k▲
Amounts receivable within one year40/41€69k€155k▲
Trade receivables40-€1k
Other amounts receivable41€69k€154k▲
Cash at bank and in hand54/58€322k€283k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€515k€528k▲
Equity10/15€453k€450k▼
Contributions10/11€19k€19k=
Reserves13€92k€92k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€90k€90k=
Profit (loss) carried forward14€342k€339k▼
Amounts payable17/49€62k€79k▲
Amounts payable within one year42/48€40k€29k▼
Trade debts44€3k-
Suppliers440/4€3k-
Taxes, remuneration and social security45€37k€29k▼
Taxes450/3€37k€29k▼
Accrued charges and deferred income492/3€23k€49k▲
Income statement
Code20232024
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€23k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€35k▲
Other operating charges640/8€7k€4k▼
Gross operating margin9900€176k€149k▼
Operating profit (loss)9901€113k€110k▼
Financial income75/76B€86€1k▲
Recurring financial income75€86€1k▲
Financial charges65/66B€2k€384▼
Recurring financial charges65€2k€384▼
Profit (loss) for the period before taxes9903€110k€111k▲
Income taxes67/77€29k€29k▲
Profit (loss) for the period9904€81k€82k▲
Profit (loss) for the period to be appropriated9905€81k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€450k€424k▼
Profit (loss) brought forward from the previous period14P€369k€342k▼
Profit to be distributed694/7€108k€85k▼
Return on contributions (dividend)694€93k€70k▼
Directors or managers695€15k€15k=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
27-08
State Gazette act
Incorporation · Founding capital
Bank account · Corporate purpose
30-03
State Gazette act
General meeting · Name change
Director resignation · Permanent representative · Hendrik Van de Cruys
2025
15-10
State Gazette act
General meeting · Capital
Statutes amendment · Corporate purpose
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
05-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 11.20
Current ratio from 3.61 to 11.20; short-term debt falls from €126k to €36k.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
28-12
State Gazette act
General meeting · Statutes amendment
Purpose change · Capital
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €9k ▼91%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 23.42
Current ratio from 6.59 to 23.42; short-term debt falls from €57k to €16k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
20-02
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
03-01
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
2014
15-07
State Gazette act
General meeting · Director appointment
Mandate compensation · Director reappointment
10-07
State Gazette act
Board meeting · Director appointment
Permanent representative
2012
11-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2011
20-09
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
06-07
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
2010
18-08
State Gazette act
General meeting · Director appointment
Director resignation · Permanent representative
12-07
State Gazette act
General meeting · Director appointment
Director reappointment · Mandate compensation
24-06
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
04-05
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
02-02
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
04-01
State Gazette act
General meeting · Capital increase
Capital decrease · Net-asset statement
Financial milestoneState Gazette actNBB 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, Vorst · 1 establishment unit since 2009
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.
Zevenbunderslaan 1821190 VorstGround area
428 m²
Building footprint
100 m²
Volume, LiDAR
1,153 m³
Parcel 21383B0020/00W067, Brussels · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Zevenbunderslaan 182, 1190 Vorst
since 20092.180.402.226
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0020/00W067 | Brussels | 428 m² | 1 · 100 m² | 16.9 m · 4 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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared director
→
Ownership & control
10 partiesXAVIER PIERLETBE 0816.570.843
controls
Where this company holds controlthis company sits on their board10
8 locations
1 location
1 location
1 location
1 location
+4 more
in the list below
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 3,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-06-2009
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.