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LA PINEALE

Active
Private limited companyfounded 200521 yrs activeRue Baty Gigot 82, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0875.458.553
Summary

LA PINEALE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,154 and a net result of €11,985. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 2067 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability77▲+17
Solvency48▼-52
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.0 against 5.41 in 2024; short-term debt: 74.9% and cash: 23.2% of total assets), and 77.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-01-2026, 6 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
6 d early
2024
8 d early
2023
1 d early
2022
5 d early
2021
48 d early
2020
25 d early
2019
25 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 17 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · 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

History

On 5 August 2005, LA PINEALE was incorporated.1 Total assets went from EUR 202,520 in 2019 to EUR 190,760 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11,985▲ 80.6%
2024 · €6,637
Working capital
€325▼ 99.7%
2024 · €100,301
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€87,022▲ 132%€102,285▲ 17.5%€67,993▼ 33.5%-€1,712€18,602
Net result€64,852▲ 129%€73,338▲ 13.1%€55,019▼ 25.0%€6,637▼ 87.9%€11,985▲ 80.6%
Equity€195,875▲ 20.9%€189,561▼ 3.2%€131,532▼ 30.6%€138,169▲ 5.0%€43,154▼ 68.8%
Total assets€266,227▲ 24.0%€343,810▲ 29.1%€295,343▼ 14.1%€173,074▼ 41.4%€190,760▲ 10.2%
Debt€70,352▲ 33.6%€154,249▲ 119%€163,812▲ 6.2%€34,904▼ 78.7%€147,606▲ 323%
Working capital€186,537▲ 20.4%€199,682▲ 7.0%€110,473▼ 44.7%€100,301▼ 9.2%€325▼ 99.7%
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: €87,022€87,022Net result 2021: €64,852€64,852Operating result 2022: €102,285€102,285Net result 2022: €73,338€73,338Operating result 2023: €67,993€67,993Net result 2023: €55,019€55,019Operating result 2024: -€1,712-€1,712Net result 2024: €6,637€6,637Operating result 2025: €18,602€18,602Net result 2025: €11,985€11,98520212022202320242025-€20,000€0€20,000€40,000€60,000Operating result 2023: €67,993€68,000Net result 2023: €55,019€55,000Operating result 2024: -€1,712-€1,710Net result 2024: €6,637€6,640Operating result 2025: €18,602€18,600Net result 2025: €11,985€12,000202320242025
The operating result returns to profit in 2025: €18,602 after a loss of €1,712 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190,760
Fixed assets €47,516 ▼ 5.0%
Current assets €143,245 ▲ 16.4%
Equity and liabilities €190,760
Equity €43,154 ▼ 68.8%
Debt €147,606 ▲ 323%
Debt's share of the balance-sheet total rises from 20.2% to 77.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€26,992▲
2024 · €6,461
Cash flow
€20,375▲
2024 · €14,811
Current ratio
1.00▼
2024 · 5.41
Debt to equity
3.42▲
2024 · 0.25
ROE
27.8%▲
2024 · 4.8%
ROA
6.3%▲
2024 · 3.8%
Interest coverage
20.66▲
2024 · 4.32
Debt ≤ 1 year
€142,920▲
2024 · €22,760
Debt > 1 year
€4,287▼
2024 · €11,710
Income taxes
€6,851▲
2024 · €2,805
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 3,811 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€173,074€190,760▲
Fixed assets21/28€50,013€47,516▼
Tangible fixed assets22/27€36,133€33,685▼
Furniture and vehicles24€18,343€12,537▼
Other tangible fixed assets26€17,789€21,148▲
Financial fixed assets28€13,880€13,830▼
Current assets29/58€123,061€143,245▲
Amounts receivable after more than one year29€36,860€53,678▲
Other amounts receivable291€36,860€53,678▲
Amounts receivable within one year40/41€19,518€40,016▲
Trade receivables40€19,518€40,016▲
Cash at bank and in hand54/58€65,040€44,283▼
Deferred charges and accrued income490/1€1,643€5,268▲
Equity and liabilities
Total equity and liabilities10/49€173,074€190,760▲
Equity10/15€138,169€43,154▼
Contributions10/11€6,200€6,200=
Reserves13€112,797€17,782▼
Distributable reserves133€112,797€17,782▼
Profit (loss) carried forward14€19,172€19,172=
Amounts payable17/49€34,904€147,606▲
Amounts payable after more than one year17€11,710€4,287▼
Financial debts170/4€11,710€4,287▼
Amounts payable within one year42/48€22,760€142,920▲
Current portion of amounts payable after more than one year42€7,473€7,423▼
Trade debts44€4,260€740▼
Suppliers440/4€4,260€740▼
Taxes, remuneration and social security45€10,807€19,323▲
Taxes450/3€8,307€16,823▲
Remuneration and social security454/9€2,500€2,500=
Other amounts payable47/48€221€115,434▲
Accrued charges and deferred income492/3€435€400▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,173€8,390▲
Other operating charges640/8€724€687▼
Gross operating margin9900€7,185€27,679▲
Operating profit (loss)9901-€1,712€18,602▲
Financial income75/76B€12,650€1,541▼
Recurring financial income75€12,650€1,541▼
Financial charges65/66B€1,496€1,307▼
Recurring financial charges65€1,496€1,307▼
Profit (loss) for the period before taxes9903€9,442€18,836▲
Income taxes67/77€2,805€6,851▲
Profit (loss) for the period9904€6,637€11,985▲
Profit (loss) for the period to be appropriated9905€6,637€11,985▲
Appropriation of the result
Profit (loss) to be appropriated9906€25,809€31,156▲
Profit (loss) brought forward from the previous period14P€19,172€19,172=
Transfer from equity791/2-€104,300
Transfer to equity691/2€6,637€9,285▲
To other reserves6921€6,637€9,285▲
Profit to be distributed694/7-€107,000
Return on contributions (dividend)694-€104,300
Directors or managers695-€2,700

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,174€1,423€1,656€8,173€8,390▲ 2.7%
Other operating charges640/8-€607€679€724€687▼ 5.2%
Gross operating margin9900€90,044€104,315€70,327€7,185€27,679▲ 285%
Operating profit (loss)9901€87,022€102,285€67,993-€1,712€18,602▲ 1,186%
Financial income75/76B-€4,409€5,114€12,650€1,541▼ 87.8%
Recurring financial income75€3,413€4,409€5,114€12,650€1,541▼ 87.8%
Financial charges65/66B-€1,032€1,945€1,496€1,307▼ 12.7%
Recurring financial charges65€1,331€1,032€1,945€1,496€1,307▼ 12.7%
Profit (loss) for the period before taxes9903€89,105€105,663€71,163€9,442€18,836▲ 99.5%
Income taxes67/77€24,253€32,325€16,144€2,805€6,851▲ 144%
Profit (loss) for the period9904€64,852€73,338€55,019€6,637€11,985▲ 80.6%
Profit (loss) for the period to be appropriated9905€64,852€73,338€55,019€6,637€11,985▲ 80.6%
Line20212022202320242025Change
Assets
Total assets20/58€266,227€343,810€295,343€173,074€190,760▲ 10.2%
Fixed assets21/28€10,957€13,105€40,671€50,013€47,516▼ 5.0%
Tangible fixed assets22/27€3,848€2,425€29,990€36,133€33,685▼ 6.8%
Furniture and vehicles24-€1,399€15,934€18,343€12,537▼ 31.7%
Other tangible fixed assets26-€1,026€14,056€17,789€21,148▲ 18.9%
Financial fixed assets28€7,109€10,680€10,680€13,880€13,830▼ 0.4%
Current assets29/58€255,271€330,705€254,673€123,061€143,245▲ 16.4%
Amounts receivable after more than one year29-€139,174€86,932€36,860€53,678▲ 45.6%
Other amounts receivable291-€139,174€86,932€36,860€53,678▲ 45.6%
Amounts receivable within one year40/41€51,982€69,514€31,218€19,518€40,016▲ 105%
Trade receivables40-€63,264€25,800€19,518€40,016▲ 105%
Other amounts receivable41-€6,250€5,417---
Cash at bank and in hand54/58€93,850€118,833€131,403€65,040€44,283▼ 31.9%
Deferred charges and accrued income490/1-€3,184€5,120€1,643€5,268▲ 221%
Equity and liabilities
Total equity and liabilities10/49€266,227€343,810€295,343€173,074€190,760▲ 10.2%
Equity10/15€195,875€189,561€131,532€138,169€43,154▼ 68.8%
Contributions10/11-€6,200€6,200€6,200€6,200=
Reserves13€182,860€176,509€106,160€112,797€17,782▼ 84.2%
Non-distributable reserves130/1-€1,860€1,860---
Reserves not available under the articles1311-€1,860€1,860---
Distributable reserves133-€174,649€104,300€112,797€17,782▼ 84.2%
Profit (loss) carried forward14€6,815€6,853€19,172€19,172€19,172=
Amounts payable17/49€70,352€154,249€163,812€34,904€147,606▲ 323%
Amounts payable after more than one year17--€19,182€11,710€4,287▼ 63.4%
Financial debts170/4--€19,182€11,710€4,287▼ 63.4%
Amounts payable within one year42/48€68,734€131,023€144,200€22,760€142,920▲ 528%
Current portion of amounts payable after more than one year42--€7,133€7,473€7,423▼ 0.7%
Trade debts44€15,469€17,246€16,331€4,260€740▼ 82.6%
Suppliers440/4-€17,246€16,331€4,260€740▼ 82.6%
Taxes, remuneration and social security45-€33,197€7,510€10,807€19,323▲ 78.8%
Taxes450/3-€30,697€5,010€8,307€16,823▲ 103%
Remuneration and social security454/9-€2,500€2,500€2,500€2,500=
Other amounts payable47/48-€80,579€113,225€221€115,434▲ 52,180%
Accrued charges and deferred income492/3-€23,226€430€435€400▼ 8.1%
Line20212022202320242025Change
Profit (loss) for the period9904€64,852€73,338€55,019€6,637€11,985▲ 80.6%
+ Depreciation and write-downs630€2,174€1,423€1,656€8,173€8,390▲ 2.7%
Operating cash flow (approximation)€67,026€74,761€56,675€14,811€20,375▲ 37.6%
Investment in fixed assets (approximation)--€3,571-€29,221-€17,516-€5,893▲ 66.4%
Change in cash-€24,983€12,569-€66,363-€20,757▲ 68.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
25-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
23-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial Weakest financial yearnet €6,637 ▼87.9%
Net result drops to €6,637, the lowest in the series; recovery starts the following year.
30-06
Financial Liquidity triplescurrent ratio 5.41
Current ratio from 1.77 to 5.41; short-term debt falls from €144,200 to €22,760.
30-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Highest result since 2019net €73,338 ▲13.1%
Operating result €102,285, net result €73,338, both a record.
2021
14-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
06-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
06-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
02-01
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2017
20-12
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
27-12
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Braine-l'Alleud · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
840 m²
Building footprint
85 m²
Parcel 25742H0789/00N000, Wallonia. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
La Pineale
Rue Baty Gigot 82, 1420 Braine-l'AlleudNACE 7414201
since 20052.149.096.465
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25742H0789/00N000 Wallonia 840 m² 1 · 85 m² -
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-06-2025 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-06-2025 of LA PINEALE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 1,007 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
Founded05-08-2005
Fiscal year end30-06
Activities, NACEBEL 2025
85599Other education
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0875458553
Also 9925:BE0875458553
Registered 17-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.