ACTIVE

PISAR

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Financial year 2025 · closed on 31/12/2025
Net result
156,7 k €
-56.5% YoY
Gross margin
311,6 k €
-51.2% YoY
Equity
2,8 M €
+2.1% YoY

What does PISAR do?

PISAR is a Private company with limited liability incorporated in 2013. Its registered office is in Scherpenheuvel-Zichem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0521.950.169
Incorporation
04/03/2013
Legal form
Private company with limited liability
Registered office
Bergstraat 19
3272 Scherpenheuvel-Zichem · FlandreSee on map
Contributed capital
1 182 088,34 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin311,6 k €638,4 k €674,7 k €561,2 k €212,7 k €8,4 k €6,5 k €3,6 k €-3,6 k €-1,7 k €-4,1 k €-3,5 k €
EBITDA299,7 k €622,5 k €659,9 k €538,5 k €192,4 k €7 k €5,3 k €2,3 k €-4,3 k €-2,8 k €-4,3 k €-14,1 k €
Operating result194 k €531,4 k €570,7 k €434,2 k €82,3 k €-4,2 k €-6 k €-8,9 k €-15,5 k €-2,8 k €-4,3 k €-14,1 k €
Net result156,7 k €360,3 k €380,3 k €317,2 k €47,8 k €-7,2 k €-9,1 k €-12,2 k €-16,1 k €-2,9 k €-4,3 k €-14,2 k €
Balance sheet
Equity2,8 M €2,7 M €2,5 M €2,2 M €1,9 M €-15,9 k €-8,8 k €332,9 €12,6 k €28,7 k €31,6 k €35,8 k €
Total assets3,6 M €3,7 M €3,6 M €3,2 M €2,8 M €511 k €495,7 k €512,7 k €540,1 k €100,3 k €102,7 k €106,1 k €
Cash41,9 k €7,7 k €354,3 k €425,7 k €103,9 k €25,9 k €887,1 €6,3 k €22,3 k €341 €2,7 k €4,5 k €
Debts647,9 k €778,7 k €829,5 k €699,2 k €758,2 k €526,9 k €504,5 k €512,4 k €527,5 k €71,7 k €71,1 k €70,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

CHRISTEL VERSTRAETEN

Director · since 30 juillet 2021

Active
Joël Peeters

Director · since 30 juillet 2021

Active

Ended mandates

CHRISTEL VERSTRAETEN

Director · since 04 mars 2013

Ended
CHRISTEL VERSTRAETEN

Administrator - manager · since 04 mars 2013

Ended
CHRISTEL VERSTRAETEN

Manager · since 04 mars 2013

Ended
JOEL PEETERS

Director · since 04 mars 2013

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202630/06/202527/06/202418/07/202324/06/202216/08/2021
General meeting01/06/202602/06/202503/06/202430/06/202307/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202501/06/202601/07/2026DutchPDF
Micro model31/12/202402/06/202530/06/2025DutchPDF
Micro model31/12/202303/06/202427/06/2024DutchPDF
Micro model31/12/202230/06/202318/07/2023DutchPDF
Micro model31/12/202107/06/202224/06/2022DutchPDF
Micro model31/12/202007/06/202116/08/2021DutchPDF
Micro model31/12/201930/06/202027/07/2020DutchPDF
Micro model31/12/201828/06/201922/08/2019DutchPDF
Micro model31/12/201730/06/201812/07/2018DutchPDF
Micro model31/12/201630/06/201714/07/2017DutchPDF
Abridged model31/12/201506/06/201624/06/2016DutchPDF
Abridged model31/12/201430/06/201509/07/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 · 2 active · 6 ended

Active mandates

CHRISTEL VERSTRAETEN

Director · since 30 juillet 2021

Active
Joël Peeters

Director · since 30 juillet 2021

Active

Ended mandates

CHRISTEL VERSTRAETEN

Director · since 04 mars 2013

Ended
CHRISTEL VERSTRAETEN

Administrator - manager · since 04 mars 2013

Ended
CHRISTEL VERSTRAETEN

Manager · since 04 mars 2013

Ended
JOEL PEETERS

Director · since 04 mars 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring01/09/2021
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring23/06/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring01/08/2017
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Other22/03/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025156,7 k €↓
  2. 2024
    Annual accounts 2024360,3 k €↓
  3. 2023
    Annual accounts 2023380,3 k €↑
  4. 2022
    Annual accounts 2022317,2 k €↑
  5. 2021
    Annual accounts 202147,8 k €↑
  6. 2020
    Annual accounts 2020-7,2 k €↑
  7. 2019
    Annual accounts 2019-9,1 k €↑
  8. 2018
    Annual accounts 2018-12,2 k €↑
  9. 2017
    Annual accounts 2017-16,1 k €↓
  10. 2016
    Annual accounts 2016-2,9 k €↑
  11. 2015
    Annual accounts 2015-4,3 k €↑
  12. 2014
    Annual accounts 2014-14,2 k €
  13. 04/03/2013
    IncorporationPrivate company with limited liability