What does PIA Group BeLux do?

PIA Group BeLux is a holding company in Gent. Public Limited, started on 18 January 2019, 2 establishments.

What is the address of PIA Group BeLux?

The registered office of PIA Group BeLux is located at Foreestelaan 88 box 301, 9000 Gent.

Is PIA Group BeLux still active?

Yes. According to the CBE (29 October 2026) PIA Group BeLux is active, legal situation “Normale toestand”, started on 18 January 2019.

Is PIA Group BeLux registered on Peppol?

Yes, PIA Group BeLux is registered on the Peppol network with ID 0208:0718884618.

What is the enterprise number of PIA Group BeLux?

The enterprise number of PIA Group BeLux is BE0718884618.

When was PIA Group BeLux founded?

PIA Group BeLux was founded on 18 January 2019.

Who are the directors of PIA Group BeLux?

According to the 2025 annual accounts, the directors of PIA Group BeLux are: Coral & Wallace BV, Isabel Walcarius, Cheval Blanc Investments BV.

Is PIA Group BeLux a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 January 2019; 4 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 2 establishments in the CBE.

How much profit did PIA Group BeLux make in 2025?

PIA Group BeLux recorded a loss after taxes of € 1,874,228 in financial year 2025.

What is the revenue of PIA Group BeLux?

In its most recent annual accounts (2025), PIA Group BeLux reported revenue of € 25,919,495.

How much does an employee at PIA Group BeLux earn?

The average wage cost per full-time employee at PIA Group BeLux was € 87,900 in 2025: staff costs of € 4.2 million for 47.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does PIA Group BeLux have?

According to the 2025 annual accounts, PIA Group BeLux has 47.5 full-time equivalents (FTE).

PIA Group BeLux (Public Limited) - Gent - BE0718884618

Dossier PIA Group BeLux, printed on 29 October 2026 from databakkes.be/en/0718884618/pia-group-belux. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

16 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

PIA Group BeLux from Gent, company number BE0718884618, closed financial year 2025 with a result of € -1.9 million after tax. For that financial year PIA Group BeLux recorded revenue of € 25.9 million and equity of € 77.1 million. Compared with financial year 2024, the result moved from € 11.7 million to € -1.9 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.

What it is worth Growing

€ 77.1 million

▲ 28% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -1.9 million

▼ still € 11.7 million profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 558,164

▼ 70% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 14.5 million.

People and assets in 2025

Full-time equivalents

47.5

▲ 7.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 12.1 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4.2 million

▲ 36% vs 2024

€ 87,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 1.7 million

▲ 19% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 194.8 million

▲ 41% vs 2024

€ 30.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 7.3 million

▲ 191% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 220 days on average.

Taxes and wages

€ 3.7 million

▲ 49% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2024	2025	Change 2024 → 2025
Revenue	€ 823,697 Revenue 2021: € 823,697 First fiscal year in the series	€ 876,383 Revenue 2022: € 876,383 ▲ 6% vs 2021 (€ 823,697) Favourable step	€ 10,784,540 Revenue 2024: € 10,784,540 ▲ € 9.9 million vs 2022 (€ 876,383) Favourable step	€ 25,919,495 Revenue 2025: € 25,919,495 ▲ 140% vs 2024 (€ 10,784,540) Favourable step	▲ 140%
Profit after taxes	€ 2,735,270 Profit after taxes 2021: € 2,735,270 First fiscal year in the series	€ 1,703,285 Profit after taxes 2022: € 1,703,285 ▼ 38% vs 2021 (€ 2,735,270) Unfavourable step	€ 11,742,828 Profit after taxes 2024: € 11,742,828 ▲ € 10 million vs 2022 (€ 1,703,285) Favourable step	€ -1,874,228 Profit after taxes 2025: € -1,874,228 ▼ € 13.6 million vs 2024 (€ 11,742,828) Unfavourable step	▼ € 13.6 million
Equity	€ 27,426,239 Equity 2021: € 27,426,239 First fiscal year in the series	€ 38,065,357 Equity 2022: € 38,065,357 ▲ 39% vs 2021 (€ 27,426,239) Favourable step	€ 60,020,622 Equity 2024: € 60,020,622 ▲ 58% vs 2022 (€ 38,065,357) Favourable step	€ 77,083,506 Equity 2025: € 77,083,506 ▲ 28% vs 2024 (€ 60,020,622) Favourable step	▲ 28%
Total debts	€ 14,000,354 Total debts 2021: € 14,000,354 First fiscal year in the series	€ 26,649,303 Total debts 2022: € 26,649,303 ▲ 90% vs 2021 (€ 14,000,354) Unfavourable step	€ 164,756,307 Total debts 2024: € 164,756,307 ▲ € 138.1 million vs 2022 (€ 26,649,303) Unfavourable step	€ 243,937,283 Total debts 2025: € 243,937,283 ▲ 48% vs 2024 (€ 164,756,307) Unfavourable step	▲ 48%
Cash	€ 1,881,328 Cash 2021: € 1,881,328 First fiscal year in the series	€ 270,506 Cash 2022: € 270,506 ▼ 86% vs 2021 (€ 1,881,328) Unfavourable step	€ 1,874,003 Cash 2024: € 1,874,003 ▲ € 1.6 million vs 2022 (€ 270,506) Favourable step	€ 558,164 Cash 2025: € 558,164 ▼ 70% vs 2024 (€ 1,874,003) Unfavourable step	▼ 70%
Land & buildings	-	-	€ 37,773 Land & buildings 2024: € 37,773 First fiscal year in the series	€ 36,145 Land & buildings 2025: € 36,145 ▼ 4% vs 2024 (€ 37,773) Unchanged	▼ 4%
Retained profit	€ 4,570,709 Retained profit 2021: € 4,570,709 First fiscal year in the series	€ 6,273,995 Retained profit 2022: € 6,273,995 ▲ 37% vs 2021 (€ 4,570,709) Favourable step	€ 16,339,809 Retained profit 2024: € 16,339,809 ▲ 160% vs 2022 (€ 6,273,995) Favourable step	€ 14,465,581 Retained profit 2025: € 14,465,581 ▼ 11% vs 2024 (€ 16,339,809) Unfavourable step	▼ 11%
Bank debt	€ 12,141,054 Bank debt 2021: € 12,141,054 First fiscal year in the series	€ 22,059,175 Bank debt 2022: € 22,059,175 ▲ 82% vs 2021 (€ 12,141,054) Unfavourable step	€ 138,186,784 Bank debt 2024: € 138,186,784 ▲ € 116.1 million vs 2022 (€ 22,059,175) Unfavourable step	€ 194,753,102 Bank debt 2025: € 194,753,102 ▲ 41% vs 2024 (€ 138,186,784) Unfavourable step	▲ 41%
Balance sheet total	€ 41,426,593 Balance sheet total 2021: € 41,426,593 First fiscal year in the series	€ 64,714,659 Balance sheet total 2022: € 64,714,659 ▲ 56% vs 2021 (€ 41,426,593) Unchanged	€ 224,776,928 Balance sheet total 2024: € 224,776,928 ▲ 247% vs 2022 (€ 64,714,659) Unchanged	€ 321,020,789 Balance sheet total 2025: € 321,020,789 ▲ 43% vs 2024 (€ 224,776,928) Unchanged	▲ 43%
Employees (FTE)	-	-	40.3 Employees (FTE) 2024: 40.3 First fiscal year in the series	47.5 Employees (FTE) 2025: 47.5 ▲ 7.2 vs 2024 (40.3) Unchanged	▲ 7.2

Key figures of PIA Group BeLux, fiscal years 2021 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 PIA Group BeLux?

What happened at PIA Group BeLux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Isabel Walcarius stepped down as director. NBB
2029 Coral & Wallace BV stepped down as director. NBB
2029 Cheval Blanc Investments BV stepped down as director. NBB
Jul 10, 2026 New annual accounts for financial year 2025: loss of € 1.9 million (▼ € 13.6 million vs 2024). Source: NBB ↗
2023 Coral & Wallace BV became a director. NBB
2023 Isabel Walcarius became a director. NBB
2023 Cheval Blanc Investments BV became a director. NBB
Apr 1, 2023 New establishment in Gent. KBO

In short

From € 2.7 million profit in 2021 to € 1.9 million loss in 2025.

Paid € 25,770 in corporate taxes since 2021.

Best year ever: 2024, with € 11.7 million profit.

Original PDFs at the National Bank ↗

Management

PIAGROUP MIDCO 1 100%

Steven Brouckaert 0%

PIAGROUP International 100%

The stake of PIAGROUP International comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

PIA Group BeLux

Fiduplan 100%

A & B PARTNERS WAREGEM 100%

AccountingTeam 100%

QPS Accountants 100%

+60

The shares are held by PIAGROUP MIDCO 1 (100%), Steven Brouckaert (0%) and PIAGROUP International (100%). It owns 100% of Fiduplan, 100% of A & B PARTNERS WAREGEM, 100% of AccountingTeam, 100% of QPS Accountants, 100% of Accountantskantoor Dejockheere and 100% of Fidunord itself.