ACTIVE

PIGS

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Financial year 2025 · closed on 31/12/2025

Net result

9,6 k €

+141.1% YoY

Gross margin

301 k €

-11.9% YoY

Equity

164,7 k €

+6.2% YoY

What does PIGS do?

PIGS is a Private limited company incorporated in 1996. Its registered office is in Walcourt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.232.948

Incorporation

18/06/1996

Legal form

Private limited company

Registered office

Route de Philippeville(Tar) 94
5651 Walcourt · WallonieSee on map

Contributed capital

68 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	301 k €	-11.9%	341,8 k €	-19.6%	425,2 k €	+71.2%	248,3 k €	-0.4%	249,2 k €	+3.8%	240 k €	-14.9%	282 k €	-3.0%	290,7 k €	+2.3%	284,3 k €	+9.5%	259,6 k €	-20.2%	325,4 k €	-5.7%	345,2 k €	-17.1%	416,7 k €	+14.3%	364,5 k €	-5.7%	386,7 k €	+57.1%	246,1 k €	-26.6%	335,1 k €	+8.5%	308,9 k €
EBITDA	61,9 k €	+84.0%	33,6 k €	-61.7%	87,7 k €	+69.2%	51,8 k €	+9.0%	47,6 k €	-27.9%	66 k €	-16.6%	79,1 k €	+15.6%	68,4 k €	-18.5%	83,9 k €	+106%	40,8 k €	-49.1%	80 k €	+49.3%	53,6 k €	-50.3%	107,9 k €	+39.2%	77,5 k €	-40.6%	130,5 k €	+6781%	1,9 k €	-97.7%	82,6 k €	+67.1%	49,5 k €
Operating result	41,2 k €	+196%	13,9 k €	-75.8%	57,7 k €	+101%	28,7 k €	-1.9%	29,3 k €	-36.8%	46,3 k €	-3.7%	48 k €	+23.5%	38,9 k €	-22.2%	50 k €	+95.1%	25,6 k €	-59.9%	64 k €	+46.2%	43,8 k €	-50.6%	88,6 k €	+59.8%	55,4 k €	-48.2%	107 k €	+580%	-22,3 k €	-145%	50 k €	+136%	21,2 k €
Net result	9,6 k €	+141%	-23,4 k €	-1803%	1,4 k €	-25.3%	1,8 k €	+13.1%	1,6 k €	-91.2%	18,4 k €	-17.3%	22,2 k €	+0.9%	22 k €	+82.5%	12,1 k €	+190%	4,2 k €	+4.2%	4 k €	-54.2%	8,7 k €	-30.4%	12,5 k €	+143%	5,2 k €	-69.5%	17 k €	+134%	-49,7 k €	-1673%	3,2 k €	-35.9%	4,9 k €
Balance sheet
Equity	164,7 k €	+6.2%	155,1 k €	-13.1%	178,4 k €	+0.8%	177 k €	+1.0%	175,2 k €	+0.9%	173,6 k €	+11.8%	155,2 k €	+16.7%	133 k €	+1.5%	131 k €	+10.1%	119 k €	+3.6%	114,8 k €	+3.6%	110,8 k €	+8.6%	102,1 k €	+14.0%	89,5 k €	+6.1%	84,4 k €	+25.2%	67,4 k €	-42.5%	117,1 k €	+2.8%	113,9 k €
Total assets	856,2 k €	+7.6%	795,7 k €	+3.6%	768,2 k €	-14.0%	893,5 k €	+9.1%	819,3 k €	+4.0%	787,7 k €	+3.1%	764,2 k €	-6.5%	817,6 k €	+0.7%	811,7 k €	+21.1%	670,2 k €	+1.6%	659,8 k €	+6.6%	618,8 k €	-9.5%	683,7 k €	-12.0%	777,3 k €	+5.2%	738,9 k €	-14.3%	862,4 k €	-9.2%	949,4 k €	-5.2%	1 M €
Cash	4,4 k €	+67.2%	2,6 k €	+321%	621 €	-5.5%	657 €	+2333%	27 €	-98.8%	2,3 k €	-94.4%	41 k €	+84.8%	22,2 k €	-52.9%	47,1 k €	+1260%	3,5 k €	-3.0%	3,6 k €	-33.3%	5,4 k €	-65.7%	15,6 k €	+138%	6,5 k €	+23.1%	5,3 k €	-87.4%	42,3 k €	+239%	12,5 k €	-55.5%	28 k €
Debts	691,5 k €	+7.9%	640,6 k €	+9.2%	586,7 k €	-18.1%	716,5 k €	+11.2%	644,1 k €	+4.9%	614,1 k €	+0.8%	609 k €	-11.0%	684,6 k €	+0.6%	680,6 k €	+24.7%	546 k €	+0.2%	545 k €	+7.3%	507,9 k €	-12.7%	581,6 k €	-15.4%	687,7 k €	+5.1%	654,6 k €	-17.7%	795,1 k €	-4.5%	832,3 k €	-6.2%	887,4 k €
Other
Workforce	–		–		–		–		2,8 ETP	-6.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-16.7%	3,6 ETP	-28.0%	5,0 ETP	-9.1%	5,5 ETP	+1.9%	5,4 ETP	+8.0%	5,0 ETP	0.0%	5,0 ETP	-16.7%	6,0 ETP	0.0%	6,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Bernard DALOZE

Mandate

Active

At this address

Other companies at this address

Company	CBE no.
EMPREINTE GRAPHIQUE● Active	0644.385.747
FRANCHISE R.D.B.● Active	0474.215.875
HIPPO COPY DISTRIBUTION● Active	0880.412.481
NEW DEAL OFFICE BELGIUM● Active	0475.332.167

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	18 months	12 months	12 months	12 months
Filing date	31/07/2026	05/09/2025	29/10/2024	31/01/2023	26/01/2022	21/12/2020
General meeting	30/05/2026	31/05/2025	25/05/2024	21/11/2022	15/11/2021	23/11/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/05/2026	31/07/2026	French	PDF
Micro model	31/12/2024	31/05/2025	05/09/2025	French	PDF
Micro model	31/12/2023	25/05/2024	29/10/2024	French	PDF
Micro model	30/06/2022	21/11/2022	31/01/2023	French	PDF
Abridged model	30/06/2021	15/11/2021	26/01/2022	French	PDF
Abridged model	30/06/2020	23/11/2020	21/12/2020	French	PDF
Abridged model	30/06/2019	28/10/2019	02/12/2019	French	PDF
Abridged model	30/06/2018	29/10/2018	30/11/2018	French	PDF
Abridged model	30/06/2017	30/10/2017	05/12/2017	French	PDF
Abridged model	30/06/2016	31/10/2016	12/12/2016	French	PDF
Abridged model	30/06/2015	26/10/2015	30/11/2015	French	PDF
Abridged model	30/06/2014	27/10/2014	18/12/2014	French	PDF
Abridged model	30/06/2013	28/10/2013	20/12/2013	French	PDF
Abridged model	30/06/2012	29/10/2012	14/12/2012	French	PDF
Abridged model	30/06/2011	31/10/2011	19/07/2013	French	PDF
Abridged model	30/06/2010	25/10/2010	05/01/2011	French	PDF
Abridged model	30/06/2009	26/10/2009	04/01/2010	French	PDF
Abridged model	30/06/2008	27/10/2008	13/01/2009	French	PDF
Abridged model	30/06/2007	26/10/2007	15/05/2008	French	PDF
Abridged model	30/06/2006	28/10/2006	13/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Bernard DALOZE

Mandate

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/10/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Registered office26/01/2017
SIEGE SOCIAL
PDF
Registered office04/04/2008
SIEGE SOCIAL
PDF
Capital / shares23/10/2002
CAPITAL, ACTIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20259,6 k €↑
2024
Annual accounts 2024-23,4 k €↓
2023
Annual accounts 20231,4 k €↓
2022
Annual accounts 20221,8 k €↑
2021
Annual accounts 20211,6 k €↓
2020
Annual accounts 202018,4 k €↓
2019
Annual accounts 201922,2 k €↑
2018
Annual accounts 201822 k €↑
2017
Annual accounts 201712,1 k €↑
2016
Annual accounts 20164,2 k €↑
2015
Annual accounts 20154 k €↓
2014
Annual accounts 20148,7 k €↓
2013
Annual accounts 201312,5 k €↑
2012
Annual accounts 20125,2 k €↓
2011
Annual accounts 201117 k €↑
2010
Annual accounts 2010-49,7 k €↓
2009
Annual accounts 20093,2 k €↓
2008
Annual accounts 20084,9 k €
18/06/1996
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PIGS

Overview

What does PIGS do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline