ACTIVE

Pi Development

Financial year 2025 · closed on 31/12/2025
Net result
-1,3 k €
-29.0% YoY
Gross margin
636,3 €
-61.1% YoY
Equity
-4,5 k €
-43.0% YoY

What does Pi Development do?

Pi Development is a Private company with limited liability incorporated in 2006. Its main activity is: Development of building projects. Its registered office is in Aalter.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0882.983.971
Incorporation
11/08/2006
Legal form
Private company with limited liability
Registered office
Bosheide 43
9880 Aalter · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Signals
Positive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin636,3 €1,6 k €-4,7 k €33,1 k €-733 €-2,4 k €5 k €3,7 k €120 €-4,4 k €32 k €-7 k €-8,6 k €-5 k €-4,3 k €-4,2 k €-5 k €-4,7 k €
EBITDA92,4 €303,1 €-15,3 k €32,6 k €-1,2 k €-2,8 k €4,3 k €3,2 k €-380 €-6 k €31,4 k €-7,5 k €-9,1 k €-5,5 k €-4,8 k €-4,7 k €-5,5 k €-5,1 k €
Operating result92,4 €303,1 €-15,3 k €32,6 k €-1,2 k €-2,8 k €4,3 k €3,2 k €-380 €-6 k €31,4 k €-7,5 k €-9,1 k €-5,5 k €-4,8 k €-4,7 k €-5,5 k €-5,1 k €
Net result-1,3 k €-1 k €-16,5 k €31,4 k €-2,4 k €-4 k €3,4 k €2,1 k €-1,6 k €-7,8 k €30,2 k €-8,7 k €-9,9 k €-6,7 k €-5,9 k €-5,8 k €-6 k €-5,1 k €
Balance sheet
Equity-4,5 k €-3,1 k €-2,1 k €14,5 k €-17 k €-14,6 k €-10,6 k €-13,9 k €-16 k €-14,4 k €-6,6 k €-36,8 k €-28,1 k €-18,2 k €-11,5 k €-5,6 k €282 €6,3 k €
Total assets2,8 k €10,1 k €17,1 k €30,7 k €1,1 k €106 €3,3 k €8,8 k €5,1 k €7,4 k €7 k €66 k €90,9 k €41,1 k €42,5 k €40,3 k €40,8 k €40,7 k €
Debts7,3 k €13,2 k €19,2 k €16,2 k €18,1 k €14,7 k €13,8 k €22,8 k €21,1 k €21,9 k €13,6 k €102,8 k €119 k €59,3 k €54 k €45,8 k €40,5 k €34,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 17 ended

Active mandates

Karine Meheus

Manager · since 11 août 2006

Active

Ended mandates

Karine Meheus

Chairman of the board of directors · since 01 janvier 2023

Ended
Karine Meheus

Chairman of the board of directors · since 01 janvier 2022

Ended
Karine Meheus

Chairman of the board of directors · since 01 janvier 2021

Ended
Karine Meheus

Managing director · since 01 janvier 2020

Ended
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 date31/08/202623/09/202529/08/202431/08/202301/12/202230/09/2021
General meeting10/04/202611/04/202512/04/202429/06/202308/04/202209/04/2021
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202510/04/202631/08/2026DutchPDF
Abridged model31/12/202411/04/202523/09/2025DutchPDF
Abridged model31/12/202312/04/202429/08/2024DutchPDF
Abridged model31/12/202229/06/202331/08/2023DutchPDF
Abridged model31/12/202108/04/202201/12/2022DutchPDF
Abridged model31/12/202009/04/202130/09/2021DutchPDF
Abridged model31/12/201910/06/202029/10/2020DutchPDF
Abridged model31/12/201812/04/201927/08/2019DutchPDF
Abridged model31/12/201713/04/201828/08/2018DutchPDF
Abridged model31/12/201621/03/201701/06/2017DutchPDF
Abridged model31/12/201508/04/201617/08/2016DutchPDF
Abridged model31/12/201410/04/201528/09/2015DutchPDF
Abridged model31/12/201311/04/201405/08/2014DutchPDF
Abridged model31/12/201212/04/201325/09/2013DutchPDF
Abridged model31/12/201113/04/201206/11/2012DutchPDF
Abridged model31/12/201008/04/201116/08/2011DutchPDF
Abridged model31/12/200909/04/201004/11/2010DutchPDF
Abridged model31/12/200810/04/200928/08/2009DutchPDF
Abridged model31/12/200724/06/200815/07/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 17 ended

Active mandates

Karine Meheus

Manager · since 11 août 2006

Active

Ended mandates

Karine Meheus

Chairman of the board of directors · since 01 janvier 2023

Ended
Karine Meheus

Chairman of the board of directors · since 01 janvier 2022

Ended
Karine Meheus

Chairman of the board of directors · since 01 janvier 2021

Ended
Karine Meheus

Managing director · since 01 janvier 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office27/03/2007
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other23/08/2006
    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 2025-1,3 k €
  2. 2024
    Annual accounts 2024-1 k €
  3. 2023
    Annual accounts 2023-16,5 k €
  4. 2022
    Annual accounts 202231,4 k €
  5. 2021
    Annual accounts 2021-2,4 k €
  6. 2020
    Annual accounts 2020-4 k €
  7. 2019
    Annual accounts 20193,4 k €
  8. 2018
    Annual accounts 20182,1 k €
  9. 2017
    Annual accounts 2017-1,6 k €
  10. 2016
    Annual accounts 2016-7,8 k €
  11. 2015
    Annual accounts 201530,2 k €
  12. 2014
    Annual accounts 2014-8,7 k €
  13. 2013
    Annual accounts 2013-9,9 k €
  14. 2012
    Annual accounts 2012-6,7 k €
  15. 2011
    Annual accounts 2011-5,9 k €
  16. 2010
    Annual accounts 2010-5,8 k €
  17. 2009
    Annual accounts 2009-6 k €
  18. 2008
    Annual accounts 2008-5,1 k €
  19. 11/08/2006
    IncorporationPrivate company with limited liability