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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2024; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2024
PIESSENS ELECTRO INDUSTRIE from Sint-Niklaas, company number BE0448505531, closed financial year 2024 with a result of € -60,794 after tax. For that financial year PIESSENS ELECTRO INDUSTRIE recorded a gross margin of € 955,391 and equity of € 1.1 million. Compared with financial year 2023, the result moved from € -1,041 to € -60,794. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 1.1 million
▼ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -60,794
▼ 5741 % more loss than in 2023
Profit after tax over the fiscal year.
€ 25,502
▲ 39% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1 million.
People and assets in 2024
14.2
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 919,835
▲ 4% vs 2023
€ 64,800 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.
€ 100,884
▲ 11% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 679,650
▲ 33% vs 2023
€ 37,276 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 220,837
▼ 21% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 213,509
▼ 3% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 844,433 | € 882,740 | € 951,947 | € 955,391 | |
| Profit after taxes | € 26,592 | € 74,966 | € -1,041 | € -60,794 | ▼ € 59,753 |
| Equity | € 1,069,451 | € 1,144,417 | € 1,143,376 | € 1,082,582 | ▼ 5% |
| Total debts | € 1,041,396 | € 1,016,932 | € 1,186,943 | € 1,278,727 | ▲ 8% |
| Cash | € 95,445 | € 66,509 | € 18,294 | € 25,502 | ▲ 39% |
| Land & buildings | € 53,682 | € 40,264 | € 26,845 | € 14,712 | ▼ 45% |
| Retained profit | € 1,003,625 | € 1,078,591 | € 1,077,550 | € 1,016,756 | ▼ 6% |
| Bank debt | € 96,068 | € 417,445 | € 512,447 | € 679,650 | ▲ 33% |
| Balance sheet total | € 2,110,847 | € 2,161,349 | € 2,330,319 | € 2,361,309 | ▲ 1% |
| Employees (FTE) | 13.4 | 13.8 | 15 | 14.2 | ▼ 0.8 |
Key figures of PIESSENS ELECTRO INDUSTRIE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PIESSENS ELECTRO INDUSTRIE?
What happened at PIESSENS ELECTRO INDUSTRIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Piessens Holding NV NV stepped down as director. NBB
- Julianus Piessens stepped down as director. NBB
- Piessens Invest NV stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 60,794. filed late Source: NBB ↗
- Piessens Invest NV became a director. NBB
- Piessens Holding NV NV became a director. NBB
- Julianus Piessens became a director. NBB
- New establishment in Sint-Niklaas. KBO
In short
From € 26,592 profit in 2021 to € 60,794 loss in 2024.
Paid € 62,284 in corporate taxes since 2021.
Best year ever: 2022, with € 74,966 profit.
On average € 67,300 of value added per employee in 2024.
A new publication or filing at PIESSENS ELECTRO INDUSTRIE? 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
The shares are held by Piessens Holding NV and Nadine Piessens.
Directors
According to the 2024 annual accounts
since 2010 · until 2028
since 2004 · until 2028
Director · represented by Van OSSELAER KAREL
since 2018 · until 2028
Shareholders
Nadine Piessens
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Begijnenstraat 43
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0448.505.531
- VAT number
- BE 0448.505.531
- Registered office
- Begijnenstraat 43, 9100 Sint-Niklaas
- Names & denominations
- PIESSENS ELECTRO INDUSTRIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 October 1992
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren
Elektrische installatie
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Reparatie en onderhoud van machines
Vervaardiging van hijs-, hef- en transportwerktuigen
Reparatie en onderhoud van civiele schepen
Niet-gespecialiseerde groothandel
Overige detailhandel in nieuwe artikelen neg
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