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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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PIBU from Zwevegem, company number BE0737916711, closed financial year 2025 with a result of € 27,493 after tax. For that financial year PIBU recorded a gross margin of € 26,432 and equity of € -47,032. Compared with financial year 2024, the result moved from € -64,735 to € 27,493. 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 August 24, 2026.
€ -47,032
▲ € 27,493 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27,493
▲ still € 64,735 loss in 2024
Profit after tax over the fiscal year.
€ 93,545
▼ 75% 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 € -67,032.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 13,116
▲ € 11,440 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,813
▼ 28% 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 | € -2,033 | € -5,175 | € -6,699 | € 26,432 | ▲ € 33,131 |
| Profit after taxes | € -3,166 | € -18,200 | € -64,735 | € 27,493 | ▲ € 92,227 |
| Equity | € 8,410 | € -9,790 | € -74,525 | € -47,032 | ▲ € 27,493 |
| Total debts | € 45,973 | € 493,193 | € 1,430,064 | € 2,671,777 | ▲ 87% |
| Cash | € 1,511 | € 320,922 | € 370,956 | € 93,545 | ▼ 75% |
| Retained profit | € -11,590 | € -29,790 | € -94,525 | € -67,032 | ▲ € 27,493 |
| Balance sheet total | € 54,383 | € 483,403 | € 1,355,539 | € 2,624,745 | ▲ 94% |
Key figures of PIBU, 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 PIBU?
What happened at PIBU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 27,493. filed late Source: NBB ↗
- COBEL NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,166 loss in 2022 to € 27,493 profit in 2025.
Best year ever: 2025, with € 27,493 profit.
Management
Behind PIBU are COBEL NV and Christian Buysse. COBEL NV is also behind Coast Development and VMP DEVELOPMENT. Christian Buysse is also behind LEGALWISE and ADVOCATENKANTOOR CHRISTIAN BUYSSE.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Koutermanstraat(Z) 29/A
8550 Zwevegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0737.916.711
- VAT number
- BE 0737.916.711
- Registered office
- Koutermanstraat(Z) 29/A, 8550 Zwevegem
- Names & denominations
- PIBU
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2019
- Peppol
- Active · Active since 4 Feb 2026
- Activities · NACE
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