ACTIVE

PIZ SIGNAL

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Financial year 2025 · Closed on 31/12/2025

Net result-57 k €+98,9 %over 1 year
Gross margin-47,2 k €+41,1 %over 1 year
Equity20,1 M €+0,4 %over 1 year

Identity

Source · BCE/KBO

PIZ SIGNAL is a Private limited company incorporated in 2005. Its registered office is in Forest.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0876.940.574
Incorporation
26/10/2005
Legal form
Private limited company
Registered office
Avenue Van Volxem 302-304 box 4
1190 Forest · BruxellesSee on map
Contributed capital
28 380 661,71 €
Latest accounts
31/12/2025
Signals
Solid equityLow risk

Financials

Source · NBB, 19 filings

Trend over 15 financial years

20252024202320222021
Income statement
Gross margin-47,2 k €-80,2 k €-42,5 k €-45,9 k €-30,6 k €
EBITDA-48,2 k €-81,1 k €-43,5 k €-46,7 k €-31,4 k €
Operating result-48,2 k €-81,1 k €-43,5 k €-46,7 k €-31,4 k €
Net result-57 k €-5 M €-368,6 k €-53,1 k €-38 k €
Balance sheet
Equity20,1 M €20 M €10 M €10,4 M €10,5 M €
Total assets20,1 M €20,1 M €25 M €25,4 M €25,3 M €
Cash58,8 k €23,7 k €79,7 k €168,9 k €110,2 k €
Debts57,2 k €76,9 k €14,9 M €14,9 M €14,8 M €
Other
Workforce––0,0 ETP––

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 34 ended

Active mandates

Didier Westen

Director · since 21 novembre 2024 · until 09 juin 2028

Active

Ended mandates

Didier Westen

Director · since 21 novembre 2024

Ended
Didier Westen

Managing director · since 13 mars 2023 · until 09 juin 2028

Ended
TSS Belgium

Director · since 13 mars 2023 · until 21 novembre 2024 · 0479.309.662

Represented by Eric Hendrickx

Ended
TSS Belgium

Director · since 13 mars 2023 · until 09 juin 2028 · 0479.309.662

Represented by Eric HENDRICKX

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro 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 date15/06/202623/06/202517/06/202413/06/202314/06/202206/07/2021
General meeting12/06/202613/06/202514/06/202409/06/202310/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202512/06/202615/06/2026FrenchPDF
Micro model31/12/202413/06/202523/06/2025FrenchPDF
Abridged model31/12/202314/06/202417/06/2024FrenchPDF
Abridged model31/12/202209/06/202313/06/2023FrenchPDF
Abridged model31/12/202110/06/202214/06/2022FrenchPDF
Abridged model31/12/202011/06/202106/07/2021FrenchPDF
Abridged model31/12/201912/06/202010/07/2020FrenchPDF
Micro model31/12/201814/06/201929/07/2019FrenchPDF
Micro model31/12/201708/06/201817/08/2018FrenchPDF
Micro model31/12/201609/06/201726/09/2017FrenchPDF
Abridged model31/12/201524/06/201625/07/2016FrenchPDF
Abridged model31/12/201322/09/201426/09/2014FrenchPDF
Abridged model31/12/201214/06/201302/10/2013FrenchPDF
Abridged model31/12/201108/06/201231/08/2012FrenchPDF
Abridged model31/12/201010/06/201114/10/2011FrenchPDF
Abridged model31/12/200911/06/201019/08/2010FrenchPDF
Abridged model31/12/200812/06/200903/08/2009FrenchPDF
Abridged model31/12/200713/06/200822/08/2008FrenchPDF
Abridged model31/12/200608/06/200731/08/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 34 ended

Active mandates

Didier Westen

Director · since 21 novembre 2024 · until 09 juin 2028

Active

Ended mandates

Didier Westen

Director · since 21 novembre 2024

Ended
Didier Westen

Managing director · since 13 mars 2023 · until 09 juin 2028

Ended
TSS Belgium

Director · since 13 mars 2023 · until 21 novembre 2024 · 0479.309.662

Represented by Eric Hendrickx

Ended
TSS Belgium

Director · since 13 mars 2023 · until 09 juin 2028 · 0479.309.662

Represented by Eric HENDRICKX

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates28/08/2026
    Démission et nomination de l'administrateur - changement de siège social
    PDF
  • Mandates18/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/11/2024
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/05/2023
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates03/12/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/05/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office23/06/2016
    SIEGE SOCIAL
    PDF
  • Capital / shares31/08/2015
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

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 2025-57 k €↑
  2. 2024
    Annual accounts 2024-5 M €↓
  3. 2023
    Annual accounts 2023-368,6 k €↓
  4. 2022
    Annual accounts 2022-53,1 k €↓
  5. 2021
    Annual accounts 2021-38 k €↑
  6. 2018
    Annual accounts 2018-53,7 k €↓
  7. 2015
    Annual accounts 20157,8 k €↑
  8. 2013
    Annual accounts 2013-11,1 k €↑
  9. 2012
    Annual accounts 2012-21,3 k €↑
  10. 2011
    Annual accounts 2011-2,9 M €↓
  11. 2010
    Annual accounts 2010255,5 k €↑
  12. 2009
    Annual accounts 2009-1,6 M €↓
  13. 2008
    Annual accounts 2008688,1 k €↑
  14. 2007
    Annual accounts 2007373,4 k €↓
  15. 2006
    Annual accounts 2006634,8 k €
  16. 26/10/2005
    IncorporationPrivate limited company