ACTIVE

PIABO

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Financial year 2025 · closed on 31/12/2025

Net result

150,9 k €

+41.9% YoY

Gross margin

220 k €

-16.9% YoY

Equity

90,7 k €

+1.0% YoY

What does PIABO do?

PIABO is a Private limited company incorporated in 2003. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.537.073

Incorporation

06/11/2003

Legal form

Private limited company

Registered office

Quai aux Briques 22
1000 Bruxelles · BruxellesSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	220 k €	-16.9%	264,8 k €	-4.3%	276,6 k €	+44.6%	191,3 k €	+55.9%	122,7 k €		–		–		–		129,8 k €	+38.2%	93,9 k €	+114%	43,9 k €	+13.1%	38,8 k €	+51.9%	25,6 k €	-26.2%	34,6 k €	+35.5%	25,6 k €	-13.0%	29,4 k €
EBITDA	218,2 k €	-17.3%	263,8 k €	-4.1%	275,1 k €	+46.0%	188,4 k €	+58.9%	118,5 k €	+31.2%	90,3 k €	-54.3%	197,9 k €	+38.7%	142,7 k €	+10.0%	129,7 k €	+42.8%	90,8 k €	+108%	43,6 k €	+13.6%	38,4 k €	+89.2%	20,3 k €	-41.0%	34,4 k €	+36.0%	25,2 k €	-13.1%	29,1 k €
Operating result	204,3 k €	+29.5%	157,8 k €	+17.2%	134,7 k €	+78.1%	75,6 k €	+274%	20,2 k €	+90.1%	10,6 k €	-88.3%	91 k €	+19.7%	76 k €	+47.6%	51,5 k €	+52.2%	33,9 k €	+52.1%	22,2 k €	-40.8%	37,6 k €	+94.9%	19,3 k €	-41.0%	32,7 k €	+38.6%	23,6 k €	-13.0%	27,1 k €
Net result	150,9 k €	+41.9%	106,4 k €	+22.5%	86,8 k €	+35.4%	64,1 k €	+505%	10,6 k €	+101%	-858,4 k €	-1470%	62,7 k €	-4.6%	65,6 k €	-43.6%	116,4 k €	-21.6%	148,6 k €	+60686%	244,5 €	-98.2%	13,4 k €	+3386%	-407,2 €	-103%	15,6 k €	-85.7%	109,2 k €	-1.2%	110,5 k €
Balance sheet
Equity	90,7 k €	+1.0%	89,7 k €	-6.4%	95,9 k €	-52.1%	200 k €	+47.2%	135,9 k €	+238%	40,2 k €	-95.5%	898,6 k €	+14.8%	782,4 k €	+9.2%	716,8 k €	-6.0%	762,8 k €	+19.1%	640,2 k €	+0.0%	640 k €	+2.1%	626,6 k €	-6.1%	667 k €	-10.4%	744,5 k €	+2.4%	727 k €
Total assets	411,3 k €	+14.4%	359,5 k €	-12.5%	410,7 k €	-26.6%	559,2 k €	-3.3%	578,1 k €	+15.3%	501,2 k €	-66.4%	1,5 M €	+22.2%	1,2 M €	+10.0%	1,1 M €	-15.3%	1,3 M €	+22.9%	1,1 M €	+18.1%	903,1 k €	-0.2%	904,6 k €	-7.0%	972,3 k €	-2.4%	996,6 k €	+5.7%	943,1 k €
Cash	134,3 k €	+295%	34 k €	+1593%	2 k €	-95.0%	40 k €	+864%	4,2 k €	+2964%	135,6 €	-98.7%	10,4 k €	+40.9%	7,4 k €	-59.9%	18,4 k €	-35.0%	28,3 k €	+53.1%	18,5 k €	+1.1%	18,3 k €	+10.2%	16,6 k €	+55.4%	10,7 k €	+125%	4,8 k €	-79.7%	23,4 k €
Debts	320,6 k €	+18.9%	269,8 k €	-13.8%	312,8 k €	-12.9%	359,2 k €	-18.8%	442,2 k €	+31.9%	335,3 k €	-42.4%	581,9 k €	+32.6%	438,9 k €	+11.5%	393,7 k €	-28.2%	548,6 k €	+32.9%	412,7 k €	+63.0%	253,1 k €	-5.5%	268 k €	-8.6%	293,3 k €	+19.9%	244,6 k €	+14.5%	213,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Willem Jacob Bouwland

Director

Active

Ended mandates

Jacob Bouwland Willem

Manager

Ended

WILLEM BOUWLAND

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AGRITEX & CO● Bankrupt	0474.782.930
ASSOCIATION DES COPROPRIETAIRE DE L'IMMEUBLE SIS A BRUXELLES, QUAI AUX BRIQUES 22● Active	0824.347.867
Avince● Active	0721.493.918
BLUE ONE HOLDING● Active	0807.086.718
BLUE ONE MANAGEMENT● Active	0449.226.004
Costhea● Active	0412.533.971
DIGICONS● Active	0675.395.657
GEYSIR● Active	0536.352.095
Greentervention● Active	0731.832.633
JEFF BRICKS● Active	0428.522.442
KROONIA● Active	0822.217.530
Rent Space● Active	0440.097.512

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	11/08/2026	29/08/2025	20/09/2024	28/04/2023	03/05/2022	29/04/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	10/03/2023	11/03/2022	12/03/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	11/08/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	20/09/2024	Dutch	PDF
Abridged model	30/09/2022	10/03/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	11/03/2022	03/05/2022	Dutch	PDF
Abridged model	30/09/2020	12/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	13/03/2020	28/04/2020	Dutch	PDF
Full model	30/09/2018	08/03/2019	29/04/2019	Dutch	PDF
Full model	30/09/2017	30/03/2018	30/04/2018	Dutch	PDF
Full model	30/09/2016	31/03/2017	28/04/2017	Dutch	PDF
Full model	30/09/2015	11/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	13/03/2015	15/04/2015	Dutch	PDF
Abridged modelCorrection	30/09/2013	13/03/2015	08/04/2015	Dutch	PDF
Abridged model	30/09/2013	14/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	08/03/2013	22/05/2013	Dutch	PDF
Abridged model	30/09/2011	31/12/2011	30/04/2012	Dutch	PDF
Abridged model	30/09/2010	11/03/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	12/03/2010	12/04/2010	Dutch	PDF
Abridged model	30/09/2008	31/03/2009	30/04/2009	Dutch	PDF
Abridged model	30/09/2007	31/03/2008	30/04/2008	Dutch	PDF
Abridged model	30/09/2006	20/03/2007	30/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 2 ended

Active mandates

Willem Jacob Bouwland

Director

Active

Ended mandates

Jacob Bouwland Willem

Manager

Ended

WILLEM BOUWLAND

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office19/10/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office20/09/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares06/10/2014
KAPITAAL - AANDELEN
PDF
Registered office17/10/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other16/03/2012
DOEL
PDF
Other14/11/2003
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

2025
Annual accounts 2025150,9 k €↑
2024
Annual accounts 2024106,4 k €↑
2023
Annual accounts 202386,8 k €↑
2022
Annual accounts 202264,1 k €↑
2021
Annual accounts 202110,6 k €↑
2018
Annual accounts 2018-858,4 k €↓
2017
Annual accounts 201762,7 k €↓
2015
Annual accounts 201565,6 k €↓
2014
Annual accounts 2014116,4 k €↓
2013
Annual accounts 2013148,6 k €↑
2012
Annual accounts 2012244,5 €↓
2011
Annual accounts 201113,4 k €↑
2010
Annual accounts 2010-407,2 €↓
2009
Annual accounts 200915,6 k €↓
2008
Annual accounts 2008109,2 k €↓
2007
Annual accounts 2007110,5 k €
06/11/2003
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

PIABO

Overview

What does PIABO do?

Trend over 16 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