ACTIVE

PITCHWORK

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Financial year 2025 · closed on 31/12/2025
Net result
44,1 k €
+21.8% YoY
Gross margin
67 k €
+11.8% YoY
Equity
156,2 k €
+39.3% YoY

What does PITCHWORK do?

PITCHWORK is a Private limited company incorporated in 2011. Its main activity is: Other amusement and recreation activities. Its registered office is in Molenbeek-Saint-Jean.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0839.652.190
Incorporation
27/09/2011
Legal form
Private limited company
Registered office
Chaussée de Ninove 216-220
1080 Molenbeek-Saint-Jean · BruxellesSee on map
Contributed capital
20 460,00 €
Latest accounts
31/12/2025
Activities (NACE)
93291Other amusement and recreation activities· main93292Other amusement and recreation activities66300Fund management activities66300Fund management activities95290Repair of other personal and household goods95290Repair of other personal and household goods
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172015201420132012
Income statement
Gross margin67 k €59,9 k €15,1 k €19,7 k €61,7 k €–––1,2 k €3,7 k €4,4 k €-1,1 k €-1,1 k €
EBITDA65,2 k €58,1 k €13,2 k €17,9 k €59,7 k €–––1,2 k €3,6 k €3,8 k €-1,6 k €-1,8 k €
Operating result65,2 k €58,1 k €13,2 k €17,7 k €59,1 k €–––974,4 €3,4 k €3,6 k €-1,8 k €-2,1 k €
Net result44,1 k €36,2 k €3,8 k €11,9 k €39,5 k €–––974,4 €3,3 k €3,6 k €-1,8 k €-2,1 k €
Balance sheet
Equity156,2 k €112,1 k €75,9 k €72,2 k €60,3 k €20,8 k €20,8 k €20,8 k €20,8 k €21,6 k €15,7 k €12,1 k €13,9 k €
Total assets449 k €342,3 k €248,8 k €671,3 k €274,8 k €23,8 k €27,9 k €27,9 k €27,9 k €34,9 k €30,1 k €33,1 k €35,5 k €
Cash114,6 k €1,5 k €32,6 k €16 k €11,9 k €354,4 €1,5 k €1,5 k €1,5 k €2,1 k €–1,7 k €1,3 k €
Debts292,8 k €230,2 k €172,9 k €599,1 k €214,5 k €3 k €7,1 k €7,1 k €7,1 k €13,3 k €9,4 k €21 k €21,6 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 31/12/2025 · 1 active · 7 ended

Active mandates

Adelaïde Verzele

Director · since 25 février 2021

Active

Ended mandates

ABC COMPANY

Director · since 27 septembre 2011 · 0442.449.266

Ended
AURELIEN VERZELE

Director · since 27 septembre 2011

Ended
Aurélien VERZELE

Director · since 27 septembre 2011 · until 25 février 2021

Ended
DEWEVRE

Director · since 27 septembre 2011 · 0446.727.362

Ended
At this address

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JANA● Active
0867.390.925
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date31/08/202631/08/202506/08/202429/08/202331/08/202223/07/2021
General meeting13/05/202614/05/202508/05/202410/05/202311/05/202212/05/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202513/05/202631/08/2026FrenchPDF
Abridged model31/12/202414/05/202531/08/2025FrenchPDF
Abridged modelCorrection31/12/202308/05/202406/08/2024FrenchPDF
Abridged model31/12/202308/05/202430/07/2024FrenchPDF
Abridged model31/12/202210/05/202329/08/2023FrenchPDF
Abridged model31/12/202111/05/202231/08/2022FrenchPDF
Abridged model31/12/202012/05/202123/07/2021FrenchPDF
Micro model31/12/201908/05/202031/12/2020FrenchPDF
Micro model31/12/201808/05/201928/08/2019FrenchPDF
Abridged model31/12/201709/05/201830/08/2018FrenchPDF
Abridged model31/12/201511/05/201630/09/2016FrenchPDF
Abridged model31/12/201413/05/201531/08/2015FrenchPDF
Abridged model31/12/201307/05/201401/10/2014FrenchPDF
Abridged model31/12/201208/05/201331/08/2013FrenchPDF
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 31/12/2025 · 1 active · 7 ended

Active mandates

Adelaïde Verzele

Director · since 25 février 2021

Active

Ended mandates

ABC COMPANY

Director · since 27 septembre 2011 · 0442.449.266

Ended
AURELIEN VERZELE

Director · since 27 septembre 2011

Ended
Aurélien VERZELE

Director · since 27 septembre 2011 · until 25 février 2021

Ended
DEWEVRE

Director · since 27 septembre 2011 · 0446.727.362

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other18/03/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - OBJET
    PDF
  • Mandates03/03/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office02/01/2015
    SIEGE SOCIAL
    PDF
  • Other07/10/2011
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202544,1 k €↑
  2. 2024
    Annual accounts 202436,2 k €↑
  3. 2023
    Annual accounts 20233,8 k €↓
  4. 2022
    Annual accounts 202211,9 k €↓
  5. 2021
    Annual accounts 202139,5 k €↑
  6. 2020
    Annual accounts 2020
  7. 2019
    Annual accounts 2019
  8. 2018
    Annual accounts 2018
  9. 2017
    Annual accounts 2017974,4 €↓
  10. 2015
    Annual accounts 20153,3 k €↓
  11. 2014
    Annual accounts 20143,6 k €↑
  12. 2013
    Annual accounts 2013-1,8 k €↑
  13. 2012
    Annual accounts 2012-2,1 k €
  14. 27/09/2011
    IncorporationPrivate limited company