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 32 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 125.4 to 97.3.
Financials
Financial year 2025
PIRON Construction from Herve, company number BE0444867338, closed financial year 2025 with a result of € 941,461 after tax. For that financial year PIRON Construction recorded revenue of € 23.8 million and equity of € 8.8 million. Compared with financial year 2024, the result moved from € 740,468 to € 941,461. 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 June 27, 2026.
€ 8.8 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 941,461
▲ 27% vs 2024
Profit after tax over the fiscal year.
€ 2 million
▼ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 363,500 paid out
39 % of the profit went to the shareholders, mostly to GROUPE ETIENNE PIRON (100 % of the shares). That is where the money ends up.
People and assets in 2025
97.3
▼ 15.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.6 million
▼ 4% vs 2024
€ 67,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 897,589
▼ 6% vs 2024
Of which on lease € 838,025.
Debts at end 2025
€ 9.3 million
▲ 28% vs 2024
€ 459,152 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.6 million
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 31 days on average.
€ 595,692
▲ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 31,556,298 | € 30,364,260 | € 27,872,184 | € 23,804,746 | ▼ 15% |
| Profit after taxes | € 296,722 | € 110,078 | € 740,468 | € 941,461 | ▲ 27% |
| Equity | € 7,722,181 | € 7,779,885 | € 8,214,073 | € 8,786,257 | ▲ 7% |
| Total debts | € 12,897,261 | € 11,916,378 | € 13,136,214 | € 14,379,138 | ▲ 9% |
| Cash | € 2,541,354 | € 2,834,925 | € 2,797,077 | € 1,965,200 | ▼ 30% |
| Land & buildings | € 3,231,442 | € 3,049,863 | € 3,039,748 | € 2,883,680 | ▼ 5% |
| Retained profit | € 7,318,465 | € 7,428,542 | € 7,869,010 | € 8,446,970 | ▲ 7% |
| Dividend | € 0 | € 0 | € 300,000 | € 363,500 | ▲ 21% |
| Bank debt | € 6,352,929 | € 5,432,577 | € 7,279,700 | € 9,288,792 | ▲ 28% |
| Balance sheet total | € 22,267,642 | € 21,430,976 | € 23,135,599 | € 24,995,871 | ▲ 8% |
| Employees (FTE) | 126.5 | 125.4 | 112.7 | 97.3 | ▼ 15.4 |
Key figures of PIRON Construction, 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 PIRON Construction?
What happened at PIRON Construction in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Louis PIRON Management stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 941,461 (▲ 27% vs 2024). Source: NBB ↗
- GROUPE ETIENNE PIRON SA stepped down as director. NBB
- Louis Piron stepped down as director. NBB
- Louis PIRON Management became a director. NBB
- Louis Piron became a director. NBB
- GROUPE ETIENNE PIRON SA became a director. NBB
- New establishment in Herve. KBO
In short
From € 296,722 profit in 2022 to € 941,461 profit in 2025.
Paid € 925,982 in corporate taxes since 2022.
Best year ever: 2025, with € 941,461 profit.
Paid out € 663,500 in dividends to the owners in total.
Management
The stake of GROUPE ETIENNE PIRON comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PIRON ConstructionThe shares are held by GROUPE ETIENNE PIRON (100%).
Directors
According to the 2025 annual accounts
Louis Piron
Administrateur Statutaire
Also active at: PERFECTION HABITAT, IMMO-SAULE, GROUPE ETIENNE PIRON
since 2021 · until 2025
Director · represented by Louis Piron
Also active at: PERFECTION HABITAT, IMMO-SAULE, GROUPE ETIENNE PIRON
since 2025 · until 2031
Managing director · represented by Etienne Piron
Also active at: PERFECTION HABITAT, IMMO-SAULE
since 2021 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Chesseroux 1
4651 Herve
Rue de la Fontaine,St Jean-Sart 3
4880 Aubel
Active since 22 October 1991
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0444.867.338
- VAT number
- BE 0444.867.338
- Registered office
- Rue de Chesseroux 1, 4651 Herve
- Names & denominations
- PIRON Construction
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 1991
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
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