MENUISERIE PINSON
ActiveSummary
MENUISERIE PINSON has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €614,763 and a net result of €1,913. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 26% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-5
Solvency50▼-18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 7.16 against 4.49 in 2023; short-term debt: 8.7% and cash: 42.4% of total assets), but 75.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-10-2025, 65 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
not confirmed
2024
65 d late
2023
119 d late
2022
46 d early
2021
40 d early
2020
48 d late
2019
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#2 oldest company in Saint-Hubert, Construction sector#3 company by total assets in Saint-Hubert, Construction sector
Turnover
€755,520
EBIT margin
1.5%
Net result
€1,913▼ 94.4%
2023 · €34,276
Working capital
€1.3m▲ 140%
2023 · €555,369
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Turnover
Operating result€19,024▲ 44.4%€16,054▼ 15.6%€80,374▲ 401%€31,563▼ 60.7%€17,156▼ 45.6%
Net result€16,223within the sector's middle half▲ 1,034%€10,316within the sector's middle half▼ 36.4%€52,646above the sector's middle half▲ 410%€34,276above the sector's middle half▼ 34.9%€1,913within the sector's middle half▼ 94.4%
EBIT margin
Equity€278,112above the sector's middle half▲ 6.2%€288,429above the sector's middle half▲ 3.7%€341,075above the sector's middle half▲ 18.3%€375,350above the sector's middle half▲ 10.0%€614,763above the sector's middle half▲ 63.8%
Total assets€1.2mabove the sector's middle half▲ 5.6%€1.4mabove the sector's middle half▲ 13.5%€1.3mabove the sector's middle half▼ 2.5%€872,326above the sector's middle half▼ 34.8%€2.5mabove the sector's middle half▲ 185%
Debt€174,415▼ 28.2%€314,003▲ 80.0%€186,500▼ 40.6%€184,302▼ 1.2%€1.6m▲ 744%
Working capital€987,390▲ 16.6%€989,354▲ 0.2%€1.0m▲ 5.7%€555,369▼ 46.9%€1.3m▲ 140%
Solvency23.0%within the sector's middle half▲ 0.1pp21.0%below the sector's middle half▼ 2.0pp25.5%within the sector's middle half▲ 4.5pp43.0%within the sector's middle half▲ 17.5pp24.8%within the sector's middle half▼ 18.3pp
Staff (FTE)8above the sector's middle half▲ 33.3%66=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€934,762 ▲ 492%
Current assets
€1.5m ▲ 117%
Equity and liabilities €2.5m
Equity
€614,763 ▲ 63.8%
Provisions
€312,674 =
Debt
€1.6m ▲ 744%
Debt's share of the balance-sheet total rises from 21.1% to 62.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€131,357▲
2023 · €81,359
Cash flow
€116,114▲
2023 · €84,072
Current ratio
7.16▲
2023 · 4.49
Quick ratio
6.53▲
2023 · 4.40
Debt to equity
2.53▲
2023 · 0.49
ROE
0.3%▼
2023 · 9.1%
ROA
0.1%▼
2023 · 3.9%
Interest coverage
15.88▼
2023 · 25.52
Debt ≤ 1 year
€216,444▲
2023 · €159,116
Debt > 1 year
€1.3m▲
2023 · €25,186
Income taxes
€20,090▲
2023 · -€5,879
Staff costs
€331,057▲
2023 · €299,769
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
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 0.8% 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%.
| 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 4,653 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,174 | - | - | - |
| Remuneration, social security and pensions62 | - | €227,323 | €242,115 | €299,769 | €331,057 | ▲ 10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,362 | €34,319 | €48,221 | €49,796 | €114,201 | ▲ 129% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €13,343 | €40,732 | - | - | - |
| Other operating charges640/8 | - | €79 | - | - | €15,797 | - |
| Gross operating margin9900 | €370,387 | €291,119 | €411,441 | €381,127 | €478,212 | ▲ 25.5% |
| Operating profit (loss)9901 | €19,024 | €16,054 | €80,374 | €31,563 | €17,156 | ▼ 45.6% |
| Financial income75/76B | - | €711 | €70 | €22 | €13,121 | ▲ 59,351% |
| Recurring financial income75 | €3,075 | €711 | €70 | €22 | €13,121 | ▲ 59,351% |
| Financial charges65/66B | - | €2,208 | €2,981 | €3,188 | €8,274 | ▲ 160% |
| Recurring financial charges65 | €1,747 | €2,208 | €2,981 | €3,188 | €8,274 | ▲ 160% |
| Profit (loss) for the period before taxes9903 | €20,351 | €14,557 | €77,463 | €28,397 | €22,003 | ▼ 22.5% |
| Income taxes67/77 | €4,128 | €4,240 | €24,817 | -€5,879 | €20,090 | ▲ 442% |
| Profit (loss) for the period9904 | €16,223 | €10,316 | €52,646 | €34,276 | €1,913 | ▼ 94.4% |
| Profit (loss) for the period to be appropriated9905 | €16,223 | €10,316 | €52,646 | €34,276 | €1,913 | ▼ 94.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.3m | €872,326 | €2.5m | ▲ 185% |
| Fixed assets21/28 | €93,291 | €89,123 | €140,879 | €157,840 | €934,762 | ▲ 492% |
| Tangible fixed assets22/27 | €93,291 | €89,123 | €140,879 | €157,840 | €934,762 | ▲ 492% |
| Land and buildings22 | - | €29,902 | €25,498 | €36,622 | €509,251 | ▲ 1,291% |
| Plant, machinery and equipment23 | - | €16,124 | €44,712 | €36,176 | €330,290 | ▲ 813% |
| Furniture and vehicles24 | - | €43,096 | €70,669 | €85,042 | €95,221 | ▲ 12.0% |
| Current assets29/58 | €1.1m | €1.3m | €1.2m | €714,486 | €1.5m | ▲ 117% |
| Stocks and contracts in progress3 | €10,120 | €41,570 | €23,134 | €14,350 | €136,413 | ▲ 851% |
| Stocks30/36 | - | €41,570 | €23,134 | €14,350 | €136,413 | ▲ 851% |
| Amounts receivable within one year40/41 | €576,275 | €855,096 | €604,315 | €123,163 | €349,590 | ▲ 184% |
| Trade receivables40 | - | €836,982 | €603,035 | €112,430 | €320,545 | ▲ 185% |
| Other amounts receivable41 | - | €18,114 | €1,280 | €10,732 | €29,044 | ▲ 171% |
| Cash at bank and in hand54/58 | €523,034 | €384,037 | €570,168 | €576,973 | €1.1m | ▲ 82.7% |
| Deferred charges and accrued income490/1 | - | €2,794 | - | - | €8,678 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.3m | €872,326 | €2.5m | ▲ 185% |
| Equity10/15 | €278,112 | €288,429 | €341,075 | €375,350 | €614,763 | ▲ 63.8% |
| Contributions10/11 | €78,950 | €78,950 | €78,950 | €78,950 | €78,950 | = |
| Capital10 | - | €78,950 | €78,950 | €78,950 | €78,950 | = |
| Issued capital100 | - | €78,950 | €78,950 | €78,950 | €78,950 | = |
| Reserves13 | €23,901 | €23,901 | €23,901 | €23,901 | €23,901 | = |
| Non-distributable reserves130/1 | - | €23,901 | €23,901 | €23,901 | €23,901 | = |
| Legal reserve130 | - | €7,895 | €7,895 | €7,895 | €7,895 | = |
| Reserves not available under the articles1311 | - | - | - | €16,006 | €16,006 | = |
| Other1319 | - | €16,006 | €16,006 | - | - | - |
| Profit (loss) carried forward14 | €175,261 | €185,578 | €238,224 | €272,499 | €274,412 | ▲ 0.7% |
| Investment grants15 | - | - | - | - | €237,500 | - |
| Provisions and deferred taxes16 | €756,846 | €770,189 | €810,921 | €312,674 | €312,674 | = |
| Provisions for liabilities and charges160/5 | - | €770,189 | €810,921 | €312,674 | €312,674 | = |
| Pensions and similar obligations160 | - | €312,674 | €312,674 | €312,674 | €312,674 | = |
| Other liabilities and charges164/5 | - | €457,515 | €498,247 | - | - | - |
| Amounts payable17/49 | €174,415 | €314,003 | €186,500 | €184,302 | €1.6m | ▲ 744% |
| Amounts payable after more than one year17 | €45,722 | €19,860 | €35,116 | €25,186 | €1.3m | ▲ 5,220% |
| Financial debts170/4 | - | €19,860 | €35,116 | €25,186 | €1.3m | ▲ 5,220% |
| Amounts payable within one year42/48 | €128,693 | €294,143 | €151,384 | €159,116 | €216,444 | ▲ 36.0% |
| Current portion of amounts payable after more than one year42 | - | €16,916 | €16,454 | €17,094 | €59,720 | ▲ 249% |
| Trade debts44 | €86,194 | €244,002 | €78,090 | €75,574 | €100,686 | ▲ 33.2% |
| Suppliers440/4 | - | €143,914 | €78,090 | €75,574 | €100,686 | ▲ 33.2% |
| Bills of exchange payable441 | - | €100,087 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €16,680 | €39,479 | €44,273 | €33,167 | ▼ 25.1% |
| Taxes450/3 | - | €658 | €25,268 | €11,404 | €15 | ▼ 99.9% |
| Remuneration and social security454/9 | - | €16,022 | €14,211 | €32,869 | €33,152 | ▲ 0.9% |
| Other amounts payable47/48 | - | €16,545 | €17,361 | €22,176 | €22,871 | ▲ 3.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,223 | €10,316 | €52,646 | €34,276 | €1,913 | ▼ 94.4% |
| + Depreciation and write-downs630 | €29,362 | €34,319 | €48,221 | €49,796 | €114,201 | ▲ 129% |
| Operating cash flow (approximation) | €45,585 | €44,635 | €100,867 | €84,072 | €116,114 | ▲ 38.1% |
| Investment in fixed assets (approximation) | - | -€30,152 | -€99,976 | -€66,757 | -€891,123 | ▼ 1,235% |
| Change in cash | - | -€138,997 | €186,131 | €6,805 | €477,377 | ▲ 6,915% |
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
2025
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 65 days late
2024
31-12
Financial
Equity above €500,000Eq €614,763 ▲63.8%
7 profitable years in a row build equity to €614,763.
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €52,646 ▲410%
Operating result €80,374, net result €52,646, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
31-12
Financial
Weakest financial yearnet €1,430 ▼80.6%
Net result drops to €1,430, the lowest in the series; recovery starts the following year.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 50 days late
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Saint-Hubert · 1 establishment unit since 1994
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.
Parc Industriel-Zone 2 46870 Saint-Hubert1 establishment unit
Parc Industriel-Zone 2 4, 6870 Saint-Hubert
since 19942.066.690.512
Recognitions · licences · registrations
Recognised contractor
1 categoryMenuiserie PINSON SRL28714
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 5,507 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
Founded26-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Contact
E-mail
info@menuiseriepinson.be
E-mail
menuiseriepinson@skynet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452503515
Registered
15-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.