ETN PISANE
ActiveETN PISANE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-52k) and a net result of €-2k. Equity is shrinking by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-52k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
102 d late
2023
23 d late
2022
4 d late
2021
19 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-52k▼ 168%
2024 · €-19k
2018: €337
2019: €-8k
2020: €-16k
2021: €-13k
2022: €-11k
2023: €-10k
2024: €-19k
2018 → 2025
Total assets
€520▼ 89.9%
2024 · €5k
2018: €44k
2019: €37k
2020: €38k
2021: €29k
2022: €23k
2023: €18k
2024: €5k
2018 → 2025
Net result
€-2k▲ 72.7%
2024 · €-9k
2018: €-8k
2019: €-9k
2020: €-7k
2021: €3k
2022: €2k
2023: €254
2024: €-9k
2018 → 2025
Working capital
€-2k▲ 88.1%
2024 · €-20k
2018: €-5k
2019: €-9k
2020: €-16k
2021: €-13k
2022: €-11k
2023: €-11k
2024: €-20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-13k-€-11k▲ 18.0%€-10k▲ 2.4%€-19k▼ 89.2%€-52k▼ 168%
Operating result€3k-€2k▼ 39.5%€384▼ 78.3%€-9k€-2k▲ 74.8%
Net result€3k-€2k▼ 17.8%€254▼ 88.9%€-9k€-2k▲ 72.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €9k in 2024; the loss shrinks.
Key figures and ratios
Debt
€52k▲
2024 · €25k
Debt ≤ 1 year
€2k▼
2024 · €25k
Debt > 1 year
€50k
Staff costs
€1k▲
2024 · €186
Ratios withheld: a balance sheet total of €520 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5k€520▼
Formation expenses20€0€0=
Fixed assets21/28€520€520=
Financial fixed assets28€520€520=
Current assets29/58€5k€0▼
Cash at bank and in hand54/58€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€5k€520▼
Equity10/15€-19k€-52k▼
Contributions10/11€60k€30k▼
Profit (loss) carried forward14€-79k€-82k▼
Amounts payable17/49€25k€52k▲
Amounts payable after more than one year17-€50k
Financial debts170/4-€50k
Amounts payable within one year42/48€25k€2k▼
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€741€154▼
Taxes450/3€741€154▼
Other amounts payable47/48€22k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€186€1k▲
Other operating charges640/8-€449
Non-recurring operating charges66A€13k-
Gross operating margin9900€4k€-643▼
Operating profit (loss)9901€-9k€-2k▲
Financial charges65/66B€93€217▲
Recurring financial charges65€93€217▲
Profit (loss) for the period before taxes9903€-9k€-2k▲
Profit (loss) for the period9904€-9k€-2k▲
Profit (loss) for the period to be appropriated9905€-9k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-82k▼
Profit (loss) brought forward from the previous period14P€-70k€-79k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
10-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 102 days late
2024
31-12
Financial
Weakest financial yearnet €-9k ▼3693%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Truiden · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenstraat 523800 Sint-TruidenGround area
313 m²
Building footprint
158 m²
Volume, LiDAR
1,201 m³
Parcel 71053G0426/00N004, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Molenstraat 52, 3800 Sint-Truiden
since 19952.073.695.197
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053G0426/00N004 | Flanders | 313 m² | 1 · 158 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HARMONT
BE 0472.235.293
Binche · Eq €728
NEA
BE 0455.488.145
Sint-Lambrechts-Woluwe · Eq €141
ZEDES
BE 0480.752.388
Koekelberg · Eq €938
INOBEL
BE 0889.560.571
Schaarbeek · Eq €1k
NC DIFFUSION
BE 0442.463.520
Koksijde · Eq €1k
Of 687 companies in sector 46412 we hold annual accounts for 517. 13 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-09-1995
Fiscal year end31-12
Activities, NACEBEL
46412Wholesale of household textiles and bedding
51410
47512Retail sale of household textiles and bedding
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.