LA PIGNATA
ActiveSummary
The computed 12-month bankruptcy probability of LA PIGNATA is 2.5% (moderate). The 2025 annual accounts show negative equity (-€168,177) and a net result of -€101,955. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 13604 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.29 in 2024; short-term debt: 429.2% and cash: 2.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-379%
Return on assets
-229.8%
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 · 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 -€168,177
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
51 d early
2022
35 d early
2021
39 d early
2020
45 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€168,177▼ 154%
2024 · -€66,223
Total assets
€44,372▼ 49.8%
2024 · €88,460
Net result
-€101,955▼ 8.9%
2024 · -€93,639
Working capital
-€171,071▼ 110%
2024 · -€81,356
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,052▲ 31.9%€535▼ 97.7%-€47,167-€84,369▼ 78.9%-€96,690▼ 14.6%
Net result€21,678within the sector's middle half▲ 3.7%-€7,901within the sector's middle half-€59,914below the sector's middle half▼ 658%-€93,639below the sector's middle half▼ 56.3%-€101,955below the sector's middle half▼ 8.9%
Equity€95,231above the sector's middle half▲ 29.5%€87,330above the sector's middle half▼ 8.3%€27,416within the sector's middle half▼ 68.6%-€66,223below the sector's middle half-€168,177below the sector's middle half▼ 154%
Total assets€287,347above the sector's middle half▲ 16.9%€246,076above the sector's middle half▼ 14.4%€204,430within the sector's middle half▼ 16.9%€88,460within the sector's middle half▼ 56.7%€44,372below the sector's middle half▼ 49.8%
Debt€192,117▲ 11.5%€158,746▼ 17.4%€177,014▲ 11.5%€154,683▼ 12.6%€212,549▲ 37.4%
Working capital€64,458above the sector's middle half▲ 121%€64,900above the sector's middle half▲ 0.7%€7,341within the sector's middle half▼ 88.7%-€81,356below the sector's middle half-€171,071below the sector's middle half▼ 110%
Solvency33.1%within the sector's middle half▲ 3.2pp35.5%within the sector's middle half▲ 2.3pp13.4%within the sector's middle half▼ 22.1pp-74.9%below the sector's middle half▼ 88.3pp-379.0%below the sector's middle half▼ 304.2pp
Current ratio1.71within the sector's middle half▲ 0.141.84within the sector's middle half▲ 0.131.07within the sector's middle half▼ 0.770.29below the sector's middle half▼ 0.780.10below the sector's middle half▼ 0.19
Return on assets (ROA)7.5%within the sector's middle half▼ 1.0pp-3.2%within the sector's middle half▼ 10.8pp-29.3%below the sector's middle half▼ 26.1pp-105.9%below the sector's middle half▼ 76.5pp-229.8%below the sector's middle half▼ 123.9pp
Staff (FTE)6.4▲ 20.8%7.6▲ 18.8%6.9▼ 9.2%6.4▼ 7.2%1.8▼ 71.9%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €96,690 in 2025 against €84,369 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,372
Fixed assets
€25,000 ▼ 55.0%
Current assets
€19,372 ▼ 41.2%
Key figures and ratios
EBITDA
-€69,579▼
2024 · -€54,562
Cash flow
-€74,844▼
2024 · -€63,831
Debt to equity
-1.26▲
2024 · -2.34
Interest coverage
-13.20▼
2024 · -5.89
Debt ≤ 1 year
€190,443▲
2024 · €114,317
Debt > 1 year
€18,232▼
2024 · €40,366
Staff costs
€79,491▼
2024 · €185,823
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €140,199 | €196,778 | €179,033 | €185,823 | €79,491 | ▼ 57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,480 | €30,343 | €31,392 | €29,807 | €27,111 | ▼ 9.0% |
| Other operating charges640/8 | €1,182 | €1,441 | €1,891 | €1,890 | €19,896 | ▲ 953% |
| Gross operating margin9900 | €201,913 | €229,097 | €165,149 | €133,152 | €29,808 | ▼ 77.6% |
| Operating profit (loss)9901 | €23,052 | €535 | -€47,167 | -€84,369 | -€96,690 | ▼ 14.6% |
| Financial income75/76B | €13,002 | €958 | €0 | €0 | €8 | ▲ 2,567% |
| Recurring financial income75 | €2 | €958 | €0 | €0 | €8 | ▲ 2,567% |
| Non-recurring financial income76B | €13,000 | - | - | - | - | - |
| Financial charges65/66B | €12,208 | €9,394 | €12,747 | €9,270 | €5,273 | ▼ 43.1% |
| Recurring financial charges65 | €12,208 | €9,394 | €12,747 | €9,270 | €5,273 | ▼ 43.1% |
| Profit (loss) for the period before taxes9903 | €23,846 | -€7,901 | -€59,914 | -€93,639 | -€101,955 | ▼ 8.9% |
| Income taxes67/77 | €2,168 | - | - | - | - | - |
| Profit (loss) for the period9904 | €21,678 | -€7,901 | -€59,914 | -€93,639 | -€101,955 | ▼ 8.9% |
| Profit (loss) for the period to be appropriated9905 | €21,678 | -€7,901 | -€59,914 | -€93,639 | -€101,955 | ▼ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €287,347 | €246,076 | €204,430 | €88,460 | €44,372 | ▼ 49.8% |
| Fixed assets21/28 | €132,422 | €103,844 | €85,307 | €55,500 | €25,000 | ▼ 55.0% |
| Tangible fixed assets22/27 | €132,285 | €103,707 | €85,170 | €55,363 | €25,000 | ▼ 54.8% |
| Plant, machinery and equipment23 | €10,792 | €8,608 | €4,788 | €2,791 | €795 | ▼ 71.5% |
| Furniture and vehicles24 | €5,868 | €4,694 | €14,044 | €10,300 | €1,174 | ▼ 88.6% |
| Other tangible fixed assets26 | €115,624 | €90,405 | €66,338 | €42,272 | €23,031 | ▼ 45.5% |
| Financial fixed assets28 | €137 | €137 | €137 | €137 | - | - |
| Current assets29/58 | €154,926 | €142,232 | €119,123 | €32,961 | €19,372 | ▼ 41.2% |
| Stocks and contracts in progress3 | €9,685 | €8,715 | €9,850 | €7,250 | - | - |
| Stocks30/36 | €9,685 | €8,715 | €9,850 | €7,250 | - | - |
| Amounts receivable within one year40/41 | €92,837 | €125,165 | €97,571 | €24,033 | €18,396 | ▼ 23.5% |
| Trade receivables40 | €65,537 | €91,544 | €81,009 | €3,471 | - | - |
| Other amounts receivable41 | €27,300 | €33,621 | €16,562 | €20,562 | €18,396 | ▼ 10.5% |
| Cash at bank and in hand54/58 | €51,413 | €4,161 | €7,362 | €686 | €977 | ▲ 42.4% |
| Deferred charges and accrued income490/1 | €992 | €4,191 | €4,340 | €992 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €287,347 | €246,076 | €204,430 | €88,460 | €44,372 | ▼ 49.8% |
| Equity10/15 | €95,231 | €87,330 | €27,416 | -€66,223 | -€168,177 | ▼ 154% |
| Contributions10/11 | €19,831 | €19,831 | €19,831 | €19,831 | €19,831 | = |
| Reserves13 | €81,529 | €81,529 | €81,529 | €81,529 | €81,529 | = |
| Non-distributable reserves130/1 | €1,983 | €1,983 | - | - | - | - |
| Reserves not available under the articles1311 | €1,983 | €1,983 | - | - | - | - |
| Tax-exempt reserves132 | €42,793 | €42,793 | €42,793 | €42,793 | €42,793 | = |
| Distributable reserves133 | €36,752 | €36,752 | €38,736 | €38,736 | €38,736 | = |
| Profit (loss) carried forward14 | -€6,130 | -€14,031 | -€73,944 | -€167,583 | -€269,537 | ▼ 60.8% |
| Amounts payable17/49 | €192,117 | €158,746 | €177,014 | €154,683 | €212,549 | ▲ 37.4% |
| Amounts payable after more than one year17 | €101,649 | €81,415 | €65,232 | €40,366 | €18,232 | ▼ 54.8% |
| Financial debts170/4 | €101,649 | €81,415 | €65,232 | €40,366 | €18,232 | ▼ 54.8% |
| Amounts payable within one year42/48 | €90,467 | €77,332 | €111,781 | €114,317 | €190,443 | ▲ 66.6% |
| Current portion of amounts payable after more than one year42 | €19,835 | €23,614 | €28,771 | €28,919 | €25,987 | ▼ 10.1% |
| Financial debts43 | - | - | - | - | €4,640 | - |
| Credit institutions430/8 | - | - | - | - | €4,640 | - |
| Trade debts44 | €12,565 | €20,875 | €49,236 | €9,965 | €1,216 | ▼ 87.8% |
| Suppliers440/4 | €12,565 | €20,875 | €49,236 | €9,965 | €1,216 | ▼ 87.8% |
| Advances received on contracts in progress46 | - | - | - | €3,679 | - | - |
| Taxes, remuneration and social security45 | €47,958 | €22,733 | €23,397 | €21,398 | €7,950 | ▼ 62.8% |
| Taxes450/3 | €18,015 | €6,675 | €5,026 | €4,078 | €2,289 | ▼ 43.9% |
| Remuneration and social security454/9 | €29,943 | €16,058 | €18,371 | €17,320 | €5,661 | ▼ 67.3% |
| Other amounts payable47/48 | €10,110 | €10,110 | €10,378 | €50,355 | €150,650 | ▲ 199% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,874 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,678 | -€7,901 | -€59,914 | -€93,639 | -€101,955 | ▼ 8.9% |
| + Depreciation and write-downs630 | €37,480 | €30,343 | €31,392 | €29,807 | €27,111 | ▼ 9.0% |
| Operating cash flow (approximation) | €59,158 | €22,442 | -€28,522 | -€63,831 | -€74,844 | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | -€1,766 | -€12,855 | €0 | €3,389 | - |
| Change in cash | - | -€47,251 | €3,200 | -€6,676 | €291 | ▲ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€101,955
Net result drops to -€101,955, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €21,678 ▲3.7%
Operating result €23,052, net result €21,678, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20,899
Net result €20,899 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.57
Current ratio from 0.70 to 1.57; short-term debt falls from €90,905 to €50,843.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Blégny · 1 establishment unit since 1997
Ground area
3,344 m²
Building footprint
161 m²
Volume, LiDAR
943 m³
Parcel 62095A0088/00B000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LA PIGNATA
since 19972.081.805.783
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095A0088/00B000 | Wallonia | 3,344 m² | 1 · 161 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,348 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-08-1996
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.