Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PIANO'S LOVROVIC from Wommelgem, company number BE0437331527, closed financial year 2025 with a result of € 11,125 after tax. For that financial year PIANO'S LOVROVIC recorded a gross margin of € 98,489 and equity of € 260,583. Compared with financial year 2024, the result moved from € 9,912 to € 11,125. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 260,583
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,125
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 21,996
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 179,983.
People and assets in 2025
€ 30,369
▼ 33% vs 2024
Of which on lease € 30,140.
Debts at end 2025
€ 347,243
▼ 8% vs 2024
€ 30,915 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 11,759
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,354
▲ 21% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 302,101 | - | - | - | |
| Gross margin | € 25,268 | € 89,166 | € 112,244 | € 98,489 | ▼ 12% |
| Profit after taxes | € 5,767 | € 32,943 | € 9,912 | € 11,125 | ▲ 12% |
| Equity | € 221,240 | € 239,546 | € 249,458 | € 260,583 | ▲ 4% |
| Total debts | € 433,889 | € 656,231 | € 575,279 | € 534,076 | ▼ 7% |
| Cash | € 908 | € 14,359 | € 19,254 | € 21,996 | ▲ 14% |
| Land & buildings | € 34,020 | € 108,749 | € 60,223 | € 33,866 | ▼ 44% |
| Retained profit | € 140,640 | € 158,946 | € 168,858 | € 179,983 | ▲ 7% |
| Dividend | € 0 | € 14,637 | € 0 | € 0 | |
| Bank debt | € 313,770 | € 411,232 | € 375,448 | € 347,243 | ▼ 8% |
| Balance sheet total | € 655,129 | € 895,778 | € 824,738 | € 794,659 | ▼ 4% |
Key figures of PIANO'S LOVROVIC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PIANO'S LOVROVIC?
What happened at PIANO'S LOVROVIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,125 (▲ 12% vs 2024). Source: NBB ↗
- Ivo Lovrovic became a director. NBB
- New establishment in Wommelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,767 profit in 2022 to € 11,125 profit in 2025.
Paid € 19,982 in corporate taxes since 2022.
Best year ever: 2023, with € 32,943 profit.
Paid out € 14,637 in dividends to the owners in total.
A new publication or filing at PIANO'S LOVROVIC? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PIANO'S LOVROVIC is Ivo Lovrovic. Ivo Lovrovic is also behind SCHULJIN and Silov.
Establishments
Establishment units
Physical locations of this company
Herentalsebaan 358
2160 Wommelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.331.527
- VAT number
- BE 0437.331.527
- Registered office
- Herentalsebaan 358, 2160 Wommelgem
- Names & denominations
- PIANO'S LOVROVIC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 1989
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Groothandel in andere consumentenartikelen, neg
Overige groothandel in consumentenartikelen, n.e.g.