Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PIAGROUP International from Gent, company number BE0790995210, closed financial year 2025 with a result of € -1.3 million after tax. For that financial year PIAGROUP International recorded revenue of € 1.9 million and equity of € 56.7 million. Compared with financial year 2024, the result moved from € 7.3 million to € -1.3 million. The company made a loss. 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 July 16, 2026.
€ 56.7 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.3 million
▼ still € 7.3 million profit in 2024
Profit after tax over the fiscal year.
€ 715,609
▲ € 692,385 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.9 million.
People and assets in 2025
€ 153
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,568
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 992,659
Loans from banks and other lenders, long and short.
€ 5 million
▲ € 4.8 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1051 days on average.
€ 353,081
▲ 88% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 1,087,143 | € 772,705 | € 1,927,154 | ▲ 149% |
| Profit after taxes | € -134,591 | € 7,336,020 | € -1,253,059 | ▼ € 8.6 million |
| Equity | € 39,679,954 | € 47,013,836 | € 56,747,105 | ▲ 21% |
| Total debts | € 15,949,610 | € 9,938,498 | € 16,248,474 | ▲ 63% |
| Cash | € 54,019 | € 23,224 | € 715,609 | ▲ € 692,385 |
| Retained profit | € -134,591 | € 7,201,430 | € 5,948,371 | ▼ 17% |
| Bank debt | € 143,830 | € 0 | € 992,659 | |
| Balance sheet total | € 55,629,564 | € 56,952,335 | € 72,995,579 | ▲ 28% |
Key figures of PIAGROUP International, fiscal years 2023 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 PIAGROUP International?
What happened at PIAGROUP International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Coformaco Manage BV stepped down as director. NBB
- Coral & Wallace BV stepped down as director. NBB
- Filiep Balcaen stepped down as director. NBB
- Benjamin Biesmans stepped down as director. NBB
- Cheval Blanc Investments BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.3 million (▼ € 8.6 million vs 2024). Source: NBB ↗
- Coformaco Manage BV became a director. NBB
- Coral & Wallace BV became a director. NBB
In short
From € 134,591 loss in 2023 to € 1.3 million loss in 2025.
Best year ever: 2024, with € 7.3 million profit.
Management
The stake of LPI Holdco comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PIAGROUP InternationalThe shares are held by LPI Maatschap (62.4%), Eden Roc Invest (20.4%), Steven Brouckaert (11.6%), Pegasus Investments (5.6%) and LPI Holdco (66.1%). It owns 100% of PIA Group BeLux, 100% of PIAGroup Netherlands and 100% of PIA Group itself.
Directors
According to the 2025 annual accounts
Director · represented by Conny Vandendriessche
Also active at: INSURANCE INVESTMENTS, ALLIA INSURANCE BROKERS, EnergyVision, ARDO ENERGY, Medipartner Holding, Pro-Tinue, Insurance Investments Group, Insurance Investments International +3 more
since 2024 · until 2030
Director · represented by Jan Vergote
Also active at: RECTICEL, LPI Holdco, PIAGroup Belgium, Thunder Holdco BE, Eagle Holdco BE, World of Talents, Spring Holdco, Recticel US Investments
since 2024 · until 2030
Filiep Balcaen
Director
since 2024 · until 2030
Benjamin Biesmans
Director
Also active at: PALOMA CONSULTING, Spark Power International, Spark Power
since 2024 · until 2030
Director · represented by Steven Brouckaert
Also active at: PIAGroup Belgium
since 2024 · until 2030
Shareholders
62.4%
20.4%
Steven Brouckaert
11.6%
5.6%
66.1%
Participations
Establishments
Establishment units
Physical locations of this company
Foreestelaan 88 box 301
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →United Accountants
€ 3.6 million gross margin · 2025
PIA Go!
€ -532,477 gross margin · 2025
PIA GROEP
BioLizard
€ 3.9 million gross margin · 2025
PIA Group BeLux same network
€ 25.9 million revenue · 2025
+11 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
- 0790.995.210
- VAT number
- BE 0790.995.210
- Registered office
- Foreestelaan 88 bus 301, 9000 Gent
- Names & denominations
- PIAGROUP International
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 2022
- Peppol
- Active · Active since 11 Feb 2026
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van holdings
Holdings