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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
The Belgian Pie Company from Seneffe, company number BE0664579662, closed financial year 2025 with a result of € 176,073 after tax. For that financial year The Belgian Pie Company recorded revenue of € 455,514 and equity of € 6.4 million. Compared with financial year 2024, the result moved from € 198,287 to € 176,073. 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 February 3, 2026.
€ 6.4 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 176,073
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 25,973
▲ € 23,175 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 € 2.7 million.
Debts at end 2025
€ 3.6 million
▼ 8% vs 2024
€ 684,028 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 7,000
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 143 days on average.
€ 87,808
▼ 8% 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 | € 634,756 | € 533,198 | € 470,301 | € 455,514 | ▼ 3% |
| Profit after taxes | € 16,751 | € 252,064 | € 198,287 | € 176,073 | ▼ 11% |
| Equity | € 5,823,122 | € 6,075,186 | € 6,273,472 | € 6,449,545 | ▲ 3% |
| Total debts | € 4,754,311 | € 4,382,364 | € 4,172,388 | € 4,010,803 | ▼ 4% |
| Cash | € 38,074 | € 10,439 | € 2,798 | € 25,973 | ▲ € 23,175 |
| Retained profit | € 2,123,122 | € 2,375,186 | € 2,573,472 | € 2,749,545 | ▲ 7% |
| Bank debt | € 3,747,927 | € 4,241,474 | € 3,952,360 | € 3,623,526 | ▼ 8% |
| Balance sheet total | € 10,577,433 | € 10,457,550 | € 10,445,860 | € 10,460,349 |
Key figures of The Belgian Pie Company, 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 The Belgian Pie Company?
What happened at The Belgian Pie Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Guardiola Capital SA stepped down as director. NBB
- JBO SRL stepped down as director. NBB
- Grimobel NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 176,073 (▼ 11% vs 2024). filed late Source: NBB ↗
- Philing SA stepped down as director. NBB
- Guardiola Capital SA became a director. NBB
- JBO SRL became a director. NBB
- Philing SA became a director. NBB
In short
From € 16,751 profit in 2022 to € 176,073 profit in 2025.
Paid € 183,632 in corporate taxes since 2022.
Best year ever: 2023, with € 252,064 profit.
Pays suppliers within 143 days on average.
A new publication or filing at The Belgian Pie Company? 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 stake of Guardiola Invest, Guardiola Capital, JBO, C.J.V., FORTIMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
The Belgian Pie CompanyThe shares are held by Guardiola Invest (32.5%), Guardiola Capital (32.5%), JBO (26.2%), C.J.V. (25%) and FORTIMMO (25%). It owns 100% of TFCO itself.
Directors
According to the 2025 annual accounts
Director · represented by Marc Van Doornick
Also active at: CETIM PROJECTS, HELIVENTURE FTO, INYTIUM, Lucky Cycle, Bon Group, CETIM, HELICOFIN, DSGI +7 more
since 2022 · until 2025
since 2022 · until 2028
Director · represented by Frédéric Markiewicz
since 2025 · until 2031
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue Jules Bordet sn
7180 Seneffe
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0664.579.662
- VAT number
- BE 0664.579.662
- Registered office
- Rue Jules Bordet sn, 7180 Seneffe
- Names & denominations
- The Belgian Pie Company
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 October 2016
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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