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 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
63 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PYROCORE from Oudergem, company number BE0700589725, closed financial year 2025 with a result of € -10,994 after tax. For that financial year PYROCORE recorded a gross margin of € -10,241 and equity of € -9.1 million. Compared with financial year 2024, the result moved from € -1.2 million to € -10,994. 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 April 21, 2026.
€ -9.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,994
▲ 99 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,229
▲ 151% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -24.2 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,575
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -735,326 | € -298,632 | € 184,987 | € -10,241 | ▼ € 195,228 |
| Profit after taxes | € -766,772 | € -21,414,406 | € -1,168,614 | € -10,994 | ▲ € 1.2 million |
| Equity | € 13,478,415 | € -7,935,991 | € -9,104,604 | € -9,115,599 | |
| Total debts | € 5,862,180 | € 7,932,434 | € 9,112,283 | € 9,119,361 | |
| Cash | € 186,987 | € 31,241 | € 1,285 | € 3,229 | ▲ 151% |
| Retained profit | € -1,598,525 | € -23,012,931 | € -24,181,544 | € -24,192,539 | |
| Bank debt | € 26,808 | € 17,023 | € 0 | € 0 | |
| Balance sheet total | € 19,340,595 | € 96,443 | € 7,678 | € 3,762 | ▼ 51% |
| Employees (FTE) | 0.6 | 0.3 | - | - |
Key figures of PYROCORE, 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 PYROCORE?
What happened at PYROCORE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frédéric PAUL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 10,994. Source: NBB ↗
- Yves DESIRONT stepped down as director. NBB
- Frédéric PAUL became a director. NBB
- Yves DESIRONT became a director. NBB
- New establishment in Oudergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 766,772 loss in 2022 to € 10,994 loss in 2025.
Management
The stake of 3T Finance, PGM MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PYROCOREThe shares are held by 3T Finance (94.4%) and PGM MANAGEMENT (0.1%).
Directors
According to the 2025 annual accounts
since 2023 · until 2026
Frédéric PAUL
Managing director
Also active at: URBAN PROMOTION, Noho.Care, Be Burger Wallonia, Be Burger Brussels, Be Burger Flanders, FPB FINANCEMENT, 3T Finance, FPB Advisory and Services +2 more
since 2025 · until 2028
Shareholders
94.4%
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Herrmann-Debrouxlaan 54
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 63 companies are registered at this address.
All companies at this address →Société de saint-Vincent-de-Paul, Conseil national de Belgique(Sint-Vincentius a Paulo Vereniging, Nationale Raad van België
€ 1.2 million gross margin · 2025
ABA MANAGEMENT
€ 78,749 gross margin · 2025
GROUP P - OVERNAME - TRANSMISSION
€ 37,787 gross margin · 2025
SCOOP AGENCY
€ -9,670 gross margin · 2025
BELGIUM PARCELS SERVICE
€ 1.4 million gross margin · 2024
+58 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
- 0700.589.725
- VAT number
- BE 0700.589.725
- Registered office
- Herrmann-Debrouxlaan 54, 1160 Oudergem
- Names & denominations
- PYROCORE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2018
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Winning van energie uit afval