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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PIER 8 from Sint-Niklaas, company number BE0806658829, closed financial year 2025 with a result of € 96,095 after tax. For that financial year PIER 8 recorded a gross margin of € 324,465 and equity of € 933,494. Compared with financial year 2024, the result moved from € 195,047 to € 96,095. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 933,494
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96,095
▼ 51% vs 2024
Profit after tax over the fiscal year.
€ 45,581
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 302,234 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 5,350
▲ 53% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2 million
▲ 49% vs 2024
€ 174,427 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 14,033
▲ € 11,931 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 155,122
▼ 2% 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 | € 531,163 | € 363,602 | € 370,081 | € 324,465 | ▼ 12% |
| Profit after taxes | € 317,745 | € 194,491 | € 195,047 | € 96,095 | ▼ 51% |
| Equity | € 915,081 | € 1,090,607 | € 1,139,633 | € 933,494 | ▼ 18% |
| Total debts | € 1,806,764 | € 2,032,146 | € 2,421,996 | € 3,244,017 | ▲ 34% |
| Cash | € 77,346 | € 10,024 | € 83,048 | € 45,581 | ▼ 45% |
| Land & buildings | € 1,462,500 | € 1,425,000 | € 1,387,500 | € 2,357,718 | ▲ 70% |
| Retained profit | € 901,581 | € 1,077,107 | € 1,126,133 | € 919,994 | ▼ 18% |
| Dividend | € 92,539 | € 18,965 | € 146,021 | € 302,234 | ▲ 107% |
| Bank debt | € 1,421,474 | € 1,475,131 | € 1,353,660 | € 2,012,820 | ▲ 49% |
| Balance sheet total | € 2,790,560 | € 3,191,468 | € 3,630,344 | € 4,246,227 | ▲ 17% |
By gross margin, PIER 8 ranks 22nd of 212 companies with main activity “Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies” in Sint-Niklaas that publish figures (fiscal year 2025).
Key figures of PIER 8, 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.
Ask about PIER 8 the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to PIER 8?
What happened at PIER 8 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 96,095 (▼ 51% vs 2024). filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Sint-Niklaas. KBO
In short
From € 317,745 profit in 2022 to € 96,095 profit in 2025.
Paid € 374,991 in corporate taxes since 2022.
Best year ever: 2022, with € 317,745 profit.
Paid out € 559,759 in dividends to the owners in total.
Management
Behind PIER 8 is Raf Cordeel. It owns 100% of Aptec Diagnostics itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Burrelstraat 16
9100 Sint-Niklaas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- CORDEEL Raf Alfons Augusta(oprichter-vennoot) 100%
Details
- Company number
- 0806.658.829
- VAT number
- BE 0806.658.829
- Registered office
- Burrelstraat 16, 9100 Sint-Niklaas
- Names & denominations
- PIER 8
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 2008
- Peppol
- Active · Active since 5 Nov 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Activiteiten van hoofdkantoren