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 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PIBO from Gent, company number BE0442337717, closed financial year 2025 with a result of € 9,448 after tax. For that financial year PIBO recorded a gross margin of € 52,201 and equity of € 229,558. Compared with financial year 2024, the result moved from € -11,734 to € 9,448. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 229,558
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,448
▲ still € 11,734 loss in 2024
Profit after tax over the fiscal year.
€ 54,967
▲ 107% 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 € 118,006.
People and assets in 2025
€ 6,396
▼ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 12,390
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,095
▼ 41% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 30,880 | € 23,305 | € 31,077 | € 52,201 | ▲ 68% |
| Profit after taxes | € -5,181 | € -12,757 | € -11,734 | € 9,448 | ▲ € 21,183 |
| Equity | € 244,600 | € 231,844 | € 220,110 | € 229,558 | ▲ 4% |
| Total debts | € 468,547 | € 456,914 | € 428,002 | € 418,588 | ▼ 2% |
| Cash | € 5,366 | € 33,894 | € 26,604 | € 54,967 | ▲ 107% |
| Land & buildings | € 687,774 | € 681,163 | € 650,195 | € 625,597 | ▼ 4% |
| Retained profit | € 133,048 | € 120,292 | € 108,557 | € 118,006 | ▲ 9% |
| Bank debt | € 158,052 | € 143,146 | € 0 | € 0 | |
| Balance sheet total | € 767,026 | € 740,779 | € 698,275 | € 696,452 |
Key figures of PIBO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PIBO?
What happened at PIBO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,448. Source: NBB ↗
- Inge Bauters stepped down as director. NBB
- Pieter Van Laethem became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,181 loss in 2022 to € 9,448 profit in 2025.
Paid € 810 in corporate taxes since 2022.
Best year ever: 2025, with € 9,448 profit.
Management
Behind PIBO are Pieter Van Laethem and Jean-Marie Van Laethem. Pieter Van Laethem is also behind THE PHOTOSHOP.
Directors
According to the 2025 annual accounts
since 2024
Jean-Marie Van Laethem
Director
Inge Bauters
Director
· until 2024
Establishments
Establishment units
Physical locations of this company
Pijkestraat 37
9041 Gent
Oscar De Reusestraat 34
9040 Gent
Active since 3 January 1991
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.337.717
- VAT number
- BE 0442.337.717
- Registered office
- Pijkestraat 37, 9041 Gent
- Names & denominations
- PIBO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 1990
- Peppol
- Active · Active since 28 Nov 2025
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