Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Pi . S² - Architecture from Nivelles, company number BE0699648825, closed financial year 2025 with a result of € 2,710 after tax. For that financial year Pi . S² - Architecture recorded a gross margin of € 18,571 and equity of € -6,801. Compared with financial year 2024, the result moved from € -7,157 to € 2,710. Profitable, and profit is growing. 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 January 30, 2026.
€ -6,801
▲ € 2,710 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,710
▲ still € 7,157 loss in 2024
Profit after tax over the fiscal year.
€ 2
▼ 79% 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 € -25,401.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 50,060
▲ € 47,742 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 60,861
▲ € 53,213 vs 2024
€ 25,544 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2,368
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,212
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,854 | € 8,666 | € 897 | € 18,571 | ▲ € 17,674 |
| Profit after taxes | € -8,639 | € -6,841 | € -7,157 | € 2,710 | ▲ € 9,868 |
| Equity | € 4,488 | € -2,354 | € -9,511 | € -6,801 | ▲ € 2,710 |
| Total debts | € 33,743 | € 32,691 | € 28,998 | € 69,800 | ▲ 141% |
| Cash | € 3,678 | € 2,672 | € 10 | € 2 | ▼ 79% |
| Retained profit | € -14,112 | € -20,954 | € -28,111 | € -25,401 | ▲ € 2,710 |
| Bank debt | € 17,188 | € 11,149 | € 7,648 | € 60,861 | ▲ € 53,213 |
| Balance sheet total | € 38,231 | € 30,337 | € 19,487 | € 62,999 | ▲ 223% |
Key figures of Pi . S² - Architecture, 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 Pi . S² - Architecture?
What happened at Pi . S² - Architecture in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,710. Source: NBB ↗
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,639 loss in 2022 to € 2,710 profit in 2025.
Paid € 502 in corporate taxes since 2022.
Best year ever: 2025, with € 2,710 profit.
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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
Behind Pi . S² - Architecture is STEPHANE PIEMAN.
Directors
According to the 2025 annual accounts
STEPHANE PIEMAN
Director
Establishments
Establishment units
Physical locations of this company
Rue Boulvint 51
1400 Nivelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0699.648.825
- VAT number
- BE 0699.648.825
- Registered office
- Rue Boulvint 51, 1400 Nivelles
- Names & denominations
- Pi . S² - Architecture
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 2018
- Peppol
- Active · Active since 9 Sept 2025
- Activities · NACE
Activiteiten van interieurarchitecten