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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PISAR from Scherpenheuvel-Zichem, company number BE0521950169, closed financial year 2025 with a result of € 156,681 after tax. For that financial year PISAR recorded a gross margin of € 311,602 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 360,339 to € 156,681. The company is profitable. 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 July 1, 2026.
€ 2.8 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 156,681
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 41,881
▲ € 34,170 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
64 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 11,313
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 504,562
▼ 15% vs 2024
€ 88,305 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 132
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,218
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 | € 561,214 | € 674,722 | € 638,388 | € 311,602 | ▼ 51% |
| Profit after taxes | € 317,245 | € 380,280 | € 360,339 | € 156,681 | ▼ 57% |
| Equity | € 2,247,956 | € 2,509,023 | € 2,735,330 | € 2,792,011 | ▲ 2% |
| Total debts | € 710,432 | € 842,391 | € 784,701 | € 653,544 | ▼ 17% |
| Cash | € 425,694 | € 354,266 | € 7,712 | € 41,881 | ▲ € 34,170 |
| Land & buildings | € 2,335,751 | € 1,975,650 | € 2,795,073 | € 2,646,899 | ▼ 5% |
| Retained profit | € 1,065,867 | € 1,326,935 | € 1,553,242 | € 1,609,923 | ▲ 4% |
| Dividend | € 0 | € 119,213 | € 134,032 | € 100,000 | ▼ 25% |
| Bank debt | € 422,840 | € 359,128 | € 591,009 | € 504,562 | ▼ 15% |
| Balance sheet total | € 3,171,071 | € 3,556,781 | € 3,684,400 | € 3,597,201 | ▼ 2% |
Key figures of PISAR, 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 PISAR?
What happened at PISAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 156,681 (▼ 57% vs 2024). Source: NBB ↗
- Joël Peeters became a director. NBB
- Christel Verstraeten became a director. NBB
- New establishment in Scherpenheuvel-Zichem. KBO
- Start of the company according to the CBE. KBO
In short
From € 317,245 profit in 2022 to € 156,681 profit in 2025.
Paid € 506,856 in corporate taxes since 2022.
Best year ever: 2023, with € 380,280 profit.
Paid out € 353,245 in dividends to the owners in total.
Management
Behind PISAR are Joël Peeters and Christel Verstraeten.
Directors
According to the 2025 annual accounts
Joël Peeters
Director
since 2021
Christel Verstraeten
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Bergstraat 19
3272 Scherpenheuvel-Zichem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0521.950.169
- VAT number
- BE 0521.950.169
- Registered office
- Bergstraat 19, 3272 Scherpenheuvel-Zichem
- Names & denominations
- PISAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 March 2013
- Peppol
- Active · Active since 30 Jan 2025