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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 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Pivaco from Roeselare, company number BE0719365757, closed financial year 2025 with a result of € 103,941 after tax. For that financial year Pivaco recorded a gross margin of € 186,189 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 103,184 to € 103,941. Profitable, and profit is growing. 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 December 16, 2025.
€ 1.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 103,941
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 14,772
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 103,184 paid out
99 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 38,447
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 880,823
▼ 5% vs 2024
€ 101,114 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 11,057
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,811
▼ 13% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 164,544 | € 174,744 | € 182,669 | € 186,189 | ▲ 2% |
| Profit after taxes | € 319,774 | € 97,323 | € 103,184 | € 103,941 | ▲ 1% |
| Equity | € 945,889 | € 958,289 | € 1,061,473 | € 1,062,231 | |
| Total debts | € 1,187,639 | € 1,117,679 | € 963,382 | € 928,290 | ▼ 4% |
| Cash | € 72,529 | € 27,479 | € 16,029 | € 14,772 | ▼ 8% |
| Retained profit | € 939,689 | € 939,689 | € 1,042,873 | € 1,043,631 | |
| Dividend | € 1,600 | € 97,323 | € 0 | € 103,184 | |
| Bank debt | € 1,138,256 | € 1,031,952 | € 931,569 | € 880,823 | ▼ 5% |
| Balance sheet total | € 2,133,529 | € 2,075,969 | € 2,024,855 | € 1,990,521 | ▼ 2% |
Key figures of Pivaco, 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 April 2027.
What happened to Pivaco?
What happened at Pivaco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 103,941 (▲ 1% vs 2024). Source: NBB ↗
- New establishment in Roeselare. KBO
- Start of the company according to the CBE. KBO
In short
From € 319,774 profit in 2022 to € 103,941 profit in 2025.
Paid € 159,323 in corporate taxes since 2022.
Best year ever: 2022, with € 319,774 profit.
Paid out € 202,107 in dividends to the owners in total.
Management
Behind Pivaco is Pieter-Jan VERBRUGGHE. It owns 85.2% of Zakenkantoor Omez and 80% of Fiduciaire Omez itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Reinaertstraat 14
8800 Roeselare
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0719.365.757
- VAT number
- BE 0719.365.757
- Registered office
- Reinaertstraat 14, 8800 Roeselare
- Names & denominations
- Pivaco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 2019
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants