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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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Pitchdrive Fund II from Antwerpen, company number BE0777719175, closed financial year 2025 with a result of € -1.7 million after tax. For that financial year Pitchdrive Fund II recorded a gross margin of € -631,039 and equity of € 5.5 million. Compared with financial year 2024, the result moved from € 10.5 million to € -1.7 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 5.5 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.7 million
▼ still € 10.5 million profit in 2024
Profit after tax over the fiscal year.
€ 77,126
▼ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 4.8 million
▲ 74% vs 2024
Loans from banks and other lenders, long and short.
€ 8,899
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -590,469 | € -600,448 | € -628,612 | € -631,039 | |
| Profit after taxes | € -624,736 | € -1,372,212 | € 10,547,957 | € -1,673,537 | ▼ € 12.2 million |
| Equity | € 3,875,264 | € 8,503,052 | € 5,664,674 | € 5,473,727 | ▼ 3% |
| Total debts | € 654,121 | € 2,148 | € 2,738,674 | € 4,763,899 | ▲ 74% |
| Cash | € 452,100 | € 1,581,050 | € 233,763 | € 77,126 | ▼ 67% |
| Retained profit | € -624,736 | € -1,996,948 | € -552,433 | € -2,225,970 | ▼ € 1.7 million |
| Dividend | € 0 | € 0 | € 9,103,442 | € 0 | ▼ 100% |
| Bank debt | € 500,000 | € 0 | € 2,730,000 | € 4,755,000 | ▲ 74% |
| Balance sheet total | € 4,529,385 | € 8,505,200 | € 8,403,348 | € 10,237,627 | ▲ 22% |
Key figures of Pitchdrive Fund II, 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 Pitchdrive Fund II?
What happened at Pitchdrive Fund II in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PitchFin BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.7 million (▼ € 12.2 million vs 2024). Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- PitchFin BV became a director. NBB
In short
From € 624,736 loss in 2022 to € 1.7 million loss in 2025.
Best year ever: 2024, with € 10.5 million profit.
Paid out € 9.1 million in dividends to the owners in total.
Management
The stake of 1105 Ventures I, WILLEMS MANAGEMENT SERVICES, L.A.W.S., PITCHDRIVE, PitchFin comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Pitchdrive Fund IIBehind Pitchdrive Fund II are Lorenz Bogaert, Koen Christiaens, Boris Bogaert, Wim Derkinderen, Jürgen Ingels and Jonas Dhaenens. The shares are held by 1105 Ventures I (1.7%), WILLEMS MANAGEMENT SERVICES (1%), L.A.W.S. (0.7%), PITCHDRIVE (0.4%) and PitchFin (0.1%). It owns 40% of Workaround, 17.4% of Pult, 17.2% of Revend, 15.4% of Maat Holdings Ltd, 14.9% of ID Nine and 14% of Introw itself.
Directors
According to the 2025 annual accounts
Lorenz Bogaert
Director
Also active at: DB² Value Creation, PITCHDRIVE, ACCURAT, Henchman, Creative Capital Ventures, StarApps, FixForm, Bizzy AI +2 more
Wim Derkinderen
Director
Also active at: L.A.W.S., PITCHDRIVE, PitchFin, Pitchdrive Fund I, FixForm, Revend, XPD Family Fund, Pitchdrive Fund III
Jürgen Ingels
Director
Also active at: Certimed, MENSURA Service Externe de Prévention et de Protection au travail, ITINERIS, THE GLUE, SMARTFIN VENTURES, ISM PARTNERS, PitchFin
Jonas Dhaenens
Director
Also active at: PIMPERNEL, MALUVER, Port Office Park, COMBELL, WATT FACTORY, URBAN PLAN, SMARTFIN VENTURES, Settle +4 more
Manager · represented by Wim Derkinderen
since 2021 · until 2033
Shareholders
Participations
40%
Pult
17.4%
17.2%
Maat Holdings Ltd
15.4%
14.9%
14%
13.8%
Pocket Agency
13.7%
Stryza
12.2%
11.3%
Privasee
10.8%
Establishments
Establishment units
Physical locations of this company
Kleine Pieter Potstraat 8
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →PITCHDRIVE same network
€ 108,141 gross margin · 2025
PitchFin same network
€ 32,507 gross margin · 2025
Pitchdrive Fund I same network
€ -46,469 gross margin · 2025
Workaround same network
€ -23,512 gross margin · 2022
XPD Family Fund same network
€ -161,397 gross margin · 2025
+9 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
- 0777.719.175
- VAT number
- BE 0777.719.175
- Registered office
- Kleine Pieter Potstraat 8, 2000 Antwerpen
- Names & denominations
- Pitchdrive Fund II
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 25 November 2021
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
Vermogensbeheer
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen