JC PIGEONS

Active

Private limited companyfounded 20215 yrs activeVan Audenhovestraat(Hak) 75, 3300 Tienen, BelgiumKBO/BCE: BE 0764.426.217

The computed 12-month bankruptcy probability of JC PIGEONS is 5.1% (elevated). The 2024 annual accounts show negative equity (€-27k) and a net result of €-5k. Equity is shrinking by ~21.1% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

15 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability5▼-76

Solvency0=

Growth58=

Track record94

Bankruptcy probability, 12 months

5.1% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.27 against 0.22 in 2023; short-term debt: 160.8% and cash: 5.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

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 2024

Solvency, return and age of the figures

Solvency

-60.8%

Return on assets

-11.2%

Age of the figures

21 mo

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

21222324

2021 to 2024 · latest year €-27k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

12 d late

2023

152 d late

2022

28 d late

2021

11 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€-27k▼ 22.5%

2023 · €-22k

2021: €-11k 2022: €-27k 2023: €-22k

2021 → 2024

Total assets

€44k▼ 7.0%

2023 · €48k

2021: €55k 2022: €56k 2023: €48k

2021 → 2024

Net result

€-5k

2023 · €5k

2021: €-13k 2022: €-15k 2023: €5k

2021 → 2024

Working capital

€-52k▲ 3.2%

2023 · €-54k

2021: €-58k 2022: €-68k 2023: €-54k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€-11k-€-27k▼ 138%€-22k▲ 17.1%€-27k▼ 22.5%

Operating result€-11k-€-15k▼ 44.0%€5k€-5k

Net result€-13k-€-15k▼ 16.9%€5k€-5k

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 turns negative in 2024: a loss of €5k after €5k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €44k

57.2%

42.8%

Fixed assets €25k▼ 20.8%

Current assets €19k▲ 21.4%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-4k▼

2023 · €5k

Cash flow

€-4k▼

2023 · €5k

Solvency

-60.8%▼

2023 · -46.2%

Current ratio

0.27▲

2023 · 0.22

Quick ratio

0.26▲

2023 · 0.01

Debt / equity

-2.65▲

2023 · -3.17

ROA

-11.2%▼

2023 · 9.5%

Interest coverage

-59.37▼

2023 · 104.61

Debt

€71k▲

2023 · €70k

Debt ≤ 1 year

€71k▲

2023 · €70k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€48k€44k▼

Fixed assets21/28€32k€25k▼

Tangible fixed assets22/27€32k€25k▼

Plant, machinery and equipment23€926€5k▲

Furniture and vehicles24€31k€21k▼

Current assets29/58€16k€19k▲

Stocks and contracts in progress3€15k€750▼

Stocks30/36€15k€750▼

Amounts receivable within one year40/41€432€16k▲

Trade receivables40-€16k

Other amounts receivable41€432-

Cash at bank and in hand54/58€104€2k▲

Equity and liabilities

Total equity and liabilities10/49€48k€44k▼

Equity10/15€-22k€-27k▼

Contributions10/11€2k€2k=

Outside capital11€2k€2k=

Other1109/19€2k€2k=

Profit (loss) carried forward14€-24k€-29k▼

Amounts payable17/49€70k€71k▲

Amounts payable within one year42/48€70k€71k▲

Trade debts44€2k€464▼

Suppliers440/4€2k€464▼

Taxes, remuneration and social security45€422€249▼

Taxes450/3€422€249▼

Other amounts payable47/48€67k€71k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124€1k▲

Other operating charges640/8-€731

Gross operating margin9900€5k€-3k▼

Operating profit (loss)9901€5k€-5k▼

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€45€65▲

Recurring financial charges65€45€65▲

Profit (loss) for the period before taxes9903€5k€-5k▼

Profit (loss) for the period9904€5k€-5k▼

Profit (loss) for the period to be appropriated9905€5k€-5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-24k€-29k▼

Profit (loss) brought forward from the previous period14P€-29k€-24k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

12-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 12 days late

2024

30-12

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 152 days late

2023

31-12

Financial Back to profitnet €5k

Net result €5k after 2 loss-making years.

28-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 28 days late

2022

31-12

Financial Weakest financial yearnet €-15k

Net result drops to €-15k, the lowest in the series; recovery starts the following year.

20-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

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, Tienen

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.

Van Audenhovestraat(Hak) 753300 Tienen

Ground area

1,237 m²

Building footprint

188 m²

Volume, LiDAR

1,003 m³

Parcel 24035D0269/00E000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24035D0269/00E000	Flanders	1,237 m²	1 · 188 m²	8.3 m · 2 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.

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-02-2021

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.