ACTIVE

PIA

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Financial year 2024 · closed on 31/12/2024

Net result

305,4 k €

+62.7% YoY

Gross margin

141 k €

+388.5% YoY

Equity

6,5 M €

+4.9% YoY

What does PIA do?

PIA is a Public limited company incorporated in 2001. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.335.533

Incorporation

18/07/2001

Legal form

Public limited company

Registered office

Rue de la Presse 4
1000 Bruxelles · BruxellesSee on map

Contributed capital

7 623 000,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	141 k €	+388%	28,9 k €	-41.9%	49,7 k €	-62.5%	132,6 k €	-63.6%	364,6 k €	+273%	-210,4 k €	-274%	-56,3 k €	-110%	565,7 k €	+139%	-1,4 M €	-3712%	39,8 k €	-93.7%	629,1 k €	+309%	-301 k €	-335%	128,1 k €	+23.6%	103,7 k €	+231%	31,3 k €	+169%	-45,3 k €	-169%	-16,8 k €
EBITDA	139,5 k €	+388%	28,6 k €	-42.2%	49,5 k €	-62.7%	132,6 k €	+443%	24,4 k €	+112%	-211,4 k €	-23.2%	-171,5 k €	-132%	541,1 k €	+112%	-4,4 M €	-11953%	37,2 k €	-94.1%	627,1 k €	-62.1%	1,7 M €	+1207%	126,4 k €	+21.9%	103,7 k €	+241%	30,4 k €	+102%	-2 M €	-10966%	-18,1 k €
Operating result	139,5 k €	+388%	28,6 k €	-42.2%	49,5 k €	-62.7%	132,6 k €	+180%	-165,8 k €	+21.6%	-211,4 k €	-23.2%	-171,5 k €	-132%	541,1 k €	+112%	-4,4 M €	-11953%	37,2 k €	-94.1%	627,1 k €	-62.1%	1,7 M €	+1207%	126,4 k €	+21.9%	103,7 k €	+241%	30,4 k €	+102%	-2 M €	-10966%	-18,1 k €
Net result	305,4 k €	+62.7%	187,6 k €	-6.8%	201,4 k €	-23.1%	261,8 k €	+353%	-103,6 k €	-167%	154,4 k €	-63.2%	419,6 k €	-51.7%	868,7 k €	+121%	-4,1 M €	-931%	498,2 k €	-46.8%	936,1 k €	-3.7%	971,8 k €	+51.7%	640,6 k €	+211%	206,2 k €	-48.0%	396,8 k €	-22.1%	509,5 k €	+277%	135 k €
Balance sheet
Equity	6,5 M €	+4.9%	6,2 M €	+3.1%	6,1 M €	+3.4%	5,8 M €	+4.7%	5,6 M €	+6.0%	5,3 M €	+3.0%	5,1 M €	+8.9%	4,7 M €	+22.7%	3,8 M €	-52.0%	8 M €	+6.7%	7,5 M €	+14.3%	6,5 M €	+17.5%	5,6 M €	+13.0%	4,9 M €	+4.4%	4,7 M €	+9.2%	4,3 M €	+13.4%	3,8 M €
Total assets	6,5 M €	+4.6%	6,3 M €	+3.4%	6,1 M €	+3.2%	5,9 M €	+2.1%	5,7 M €	+8.0%	5,3 M €	+3.3%	5,1 M €	-3.8%	5,3 M €	-2.7%	5,5 M €	-31.6%	8 M €	+3.3%	7,8 M €	+19.0%	6,5 M €	-24.0%	8,6 M €	+15.6%	7,4 M €	+11.6%	6,7 M €	+6.2%	6,3 M €	+63.3%	3,8 M €
Cash	30,9 k €	+524%	5 k €	-94.1%	84,3 k €	-52.0%	175,8 k €	-22.1%	225,7 k €	+22112%	1 k €	-99.2%	125,4 k €	+444%	23,1 k €	-89.1%	210,9 k €	+14.4%	184,4 k €	+11.8%	165 k €	+516%	26,8 k €	-54.7%	59,2 k €	-88.8%	527,8 k €	+2596%	19,6 k €	-8.4%	21,4 k €	-84.8%	140,6 k €
Debts	58,3 €	-99.6%	16,4 k €		–		15 k €	-90.4%	156 k €	+231%	47,1 k €	+45.4%	32,4 k €	-95.0%	649,4 k €	-61.1%	1,7 M €	+2260%	70,8 k €	-77.2%	310,2 k €	+8789%	3,5 k €	-99.7%	1,1 M €	+92.4%	566,2 k €	+28248%	2 k €	-82.1%	11,1 k €	-37.9%	17,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 5 ended

Active mandates

Albert Kfouri

Managing director · since 28 juin 2018 · until 27 juin 2024

Active

Marie-Hélène D'ANDIGNE Marie-Hélène

Director · since 28 juin 2018 · until 27 juin 2024

Active

Ended mandates

Marie-Hélène D'andigné

Director · since 28 juin 2018 · until 27 juin 2024

Ended

Albert Kfouri

Managing director · until 28 juin 2018

Ended

Albert Kfouri

Managing director

Ended

Marie-Hélène D'andigné

Director · until 28 juin 2018

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/10/2025	16/10/2024	09/10/2023	07/10/2022	23/08/2022	28/10/2020
General meeting	30/06/2025	30/06/2024	30/06/2023	30/06/2022	12/04/2022	25/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/06/2025	20/10/2025	French	PDF
Micro model	31/12/2023	30/06/2024	16/10/2024	French	PDF
Micro model	31/12/2022	30/06/2023	09/10/2023	French	PDF
Micro model	31/12/2021	30/06/2022	07/10/2022	French	PDF
Micro model	31/12/2020	12/04/2022	23/08/2022	French	PDF
Abridged model	31/12/2019	25/06/2020	28/10/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	10/10/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	29/08/2018	French	PDF
Abridged model	31/12/2016	29/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	25/06/2015	05/08/2015	French	PDF
Abridged model	30/06/2013	30/11/2013	27/02/2014	French	PDF
Abridged model	30/06/2012	24/11/2012	21/03/2013	French	PDF
Abridged model	30/06/2011	04/02/2012	21/02/2012	Dutch	PDF
Abridged model	30/06/2010	05/02/2011	03/03/2011	Dutch	PDF
Abridged model	30/06/2009	28/11/2009	31/05/2010	Dutch	PDF
Abridged model	30/06/2008	24/02/2009	16/03/2009	French	PDF
Abridged model	30/06/2007	03/03/2008	29/04/2008	Dutch	PDF
Abridged model	30/06/2006	24/02/2007	29/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 2 active · 5 ended

Active mandates

Albert Kfouri

Managing director · since 28 juin 2018 · until 27 juin 2024

Active

Marie-Hélène D'ANDIGNE Marie-Hélène

Director · since 28 juin 2018 · until 27 juin 2024

Active

Ended mandates

Marie-Hélène D'andigné

Director · since 28 juin 2018 · until 27 juin 2024

Ended

Albert Kfouri

Managing director · until 28 juin 2018

Ended

Albert Kfouri

Managing director

Ended

Marie-Hélène D'andigné

Director · until 28 juin 2018

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office17/04/2023
SIEGE SOCIAL
PDF
Mandates08/08/2014
OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Capital / shares31/01/2012
CAPITAL, ACTIONS
PDF
Registered office28/02/2011
SIEGE SOCIAL
PDF
Mandates16/08/2007
DEMISSIONS, NOMINATIONS
PDF
Registered office10/12/2003
SIEGE SOCIAL
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

2024
Annual accounts 2024305,4 k €↑
2023
Annual accounts 2023187,6 k €↓
2022
Annual accounts 2022201,4 k €↓
2021
Annual accounts 2021261,8 k €↑
2020
Annual accounts 2020-103,6 k €↓
2018
Annual accounts 2018154,4 k €↓
2017
Annual accounts 2017419,6 k €↓
2016
Annual accounts 2016868,7 k €↑
2015
Annual accounts 2015-4,1 M €↓
2014
Annual accounts 2014498,2 k €↓
2013
Annual accounts 2013936,1 k €↓
2012
Annual accounts 2012971,8 k €↑
2011
Annual accounts 2011640,6 k €↑
2010
Annual accounts 2010206,2 k €↓
2009
Annual accounts 2009396,8 k €↓
2008
Annual accounts 2008509,5 k €↑
2007
Annual accounts 2007135 k €
18/07/2001
IncorporationPublic 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

PIA

Overview

What does PIA do?

Trend over 17 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