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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Busy address KBO
73 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
PIONIER CONSTRUCT from Waregem, company number BE0697733371, closed financial year 2024 with a result of € -253,930 after tax. For that financial year PIONIER CONSTRUCT recorded revenue of € 1.8 million and equity of € -889,279. Compared with financial year 2023, the result moved from € -665,738 to € -253,930. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2025.
€ -889,279
▼ € 253,930 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -253,930
▲ 62 % less loss than in 2023
Profit after tax over the fiscal year.
€ 429,458
▲ 180% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2024
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2024
€ 2.1 million
▼ 18% vs 2023
Loans from banks and other lenders, long and short.
€ 101,084
▼ 92% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 23,058,300 | € 1,838,673 | ▼ 92% |
| Gross margin | - | € -3,820 | € -1,134,575 | € -253,813 | ▲ € 880,761 |
| Profit after taxes | € -3,572 | € -477,080 | € -665,738 | € -253,930 | ▲ € 411,808 |
| Equity | € 507,470 | € 30,390 | € -635,349 | € -889,279 | ▼ € 253,930 |
| Total debts | € 3,010,167 | € 3,088,904 | € 4,172,091 | € 2,557,451 | ▼ 39% |
| Cash | € 1,321,012 | € 458,261 | € 153,228 | € 429,458 | ▲ 180% |
| Retained profit | € -12,530 | € -489,610 | € -1,155,349 | € -1,409,279 | ▼ € 253,930 |
| Bank debt | € 865,000 | € 1,280,000 | € 2,580,000 | € 2,105,000 | ▼ 18% |
| Balance sheet total | € 3,517,637 | € 3,119,294 | € 3,536,742 | € 1,668,172 | ▼ 53% |
Key figures of PIONIER CONSTRUCT, 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 PIONIER CONSTRUCT?
What happened at PIONIER CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Participatiemaatschappij Vlaanderen NV stepped down as director. NBB
- Erwin VRIJENS stepped down as director. NBB
- Davy DEMUYNCK stepped down as director. NBB
- Kristof VANFLETEREN stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 253,930. Source: NBB ↗
- Participatiemaatschappij Vlaanderen NV became a director. NBB
- Erwin VRIJENS became a director. NBB
- Davy DEMUYNCK became a director. NBB
In short
From € 3,572 loss in 2021 to € 253,930 loss in 2024.
Management
The stake of Premier Development Fund 2, Participatiemaatschappij Vlaanderen comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PIONIER CONSTRUCTThe shares are held by Premier Development Fund 2 (70%) and Participatiemaatschappij Vlaanderen (30%).
Directors
According to the 2024 annual accounts
Participatiemaatschappij Vlaanderen NV
Director · represented by Feya SMETS
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2023 · until 2029
Erwin VRIJENS
Director
Also active at: Stedelijk Leven Innovatief Maken Turnhout, PICPUSSEN, PIONIER LAND, TURNHOUT KANTOREN CONSTRUCT, TURNHOUT KANTOREN LAND, TLG Science Park, VIB BIO-INCUBATOR, Fort 4 +7 more
since 2023 · until 2029
Davy DEMUYNCK
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
since 2023 · until 2029
Kristof VANFLETEREN
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, A’PEN, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO +139 more
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vredestraat 53
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 73 companies are registered at this address.
All companies at this address →Van Eyck Residentie
€ 159,675 gross margin · 2025
RODEKRUISPLEIN same network
€ 45,360 gross margin · 2025
COBOS same network
DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ same network
€ 325,000 revenue · 2025
SRB-invest
€ 2.1 million gross margin · 2022
+68 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0697.733.371
- VAT number
- BE 0697.733.371
- Registered office
- Vredestraat 53, 8790 Waregem
- Names & denominations
- PIONIER CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 2018
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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