Peignora
ActivePeignora has been active since 1961 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €755k and a net result of €548k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 89% of 78 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +48 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100=
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 12.05 against 2.34 in 2024), and 8.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.6%
Return on assets
66.4%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Sector 14
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €755k
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
41 d early
2023
2 d early
2022
25 d late
2021
17 d early
2020
31 d late
2019
17 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€755k▲ 264%
2024 · €208k
2018: €739k
2019: €752k
2020: €757k
2021: €778k
2022: €740k
2023: €540k
2024: €208k
2018 → 2025
Total assets
€825k▲ 157%
2024 · €321k
2018: €1.80M
2019: €1.72M
2020: €1.94M
2021: €2.05M
2022: €1.41M
2023: €1.18M
2024: €321k
2018 → 2025
Net result
€548k
2024 · €-333k
2018: €9k
2019: €14k
2020: €5k
2021: €21k
2022: €-38k
2023: €-200k
2024: €-333k
2018 → 2025
Working capital
€751k▲ 396%
2024 · €151k
2018: €683k
2019: €692k
2020: €775k
2021: €715k
2022: €828k
2023: €590k
2024: €151k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€778k-€740k▼ 4.9%€540k▼ 27.0%€208k▼ 61.6%€755k▲ 264%
Operating result€71k-€3k▼ 96.3%€-174k€-316k▼ 82.1%€642k
Net result€21k-€-38k€-200k▼ 430%€-333k▼ 66.3%€548k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €642k after a loss of €316k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €825k
Fixed assets
€6k▼ 88.7%
Current assets
€819k▲ 211%
Equity and liabilities €825k
Equity
€755k▲ 264%
Debt
€70k▼ 38.3%
The debt ratio falls from 35.2% to 8.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€645k▲
2024 · €-312k
Cash flow
€551k▲
2024 · €-329k
Solvency
91.6%▲
2024 · 64.8%
Current ratio
12.05▲
2024 · 2.34
Quick ratio
12.04▲
2024 · 2.21
Debt / equity
0.09▼
2024 · 0.54
ROE
72.5%▲
2024 · -160.2%
ROA
66.4%▲
2024 · -103.8%
Interest coverage
12.35▲
2024 · -12.63
Debt
€70k▼
2024 · €113k
Debt ≤ 1 year
€68k▼
2024 · €112k
Income taxes
€51k
Staff costs
€3k▼
2024 · €21k
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€321k€825k▲
Fixed assets21/28€57k€6k▼
Intangible fixed assets21€3k€930▼
Tangible fixed assets22/27€51k€3k▼
Land and buildings22€47k€0▼
Plant, machinery and equipment23€2k€553▼
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€16€0▼
Financial fixed assets28€3k€2k▼
Current assets29/58€264k€819k▲
Amounts receivable after more than one year29€163k€163k=
Other amounts receivable291€163k€163k=
Stocks and contracts in progress3€15k€286▼
Stocks30/36€15k€286▼
Amounts receivable within one year40/41€70k€58k▼
Trade receivables40€65k€42k▼
Other amounts receivable41€4k€15k▲
Current investments50/53€0€550k▲
Cash at bank and in hand54/58€13k€44k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€321k€825k▲
Equity10/15€208k€755k▲
Contributions10/11€147k€147k=
Capital10€147k€147k=
Issued capital100€147k€147k=
Reserves13€70k€608k▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Own shares acquired1312€0-
Tax-exempt reserves132€56k€56k=
Distributable reserves133€0€538k▲
Profit (loss) carried forward14€-10k€0▲
Amounts payable17/49€113k€70k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€112k€68k▼
Current portion of amounts payable after more than one year42€75k€0▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€14k€17k▲
Suppliers440/4€14k€17k▲
Taxes, remuneration and social security45€956€48k▲
Taxes450/3€0€48k▲
Remuneration and social security454/9€956€0▼
Other amounts payable47/48€22k€2k▼
Accrued charges and deferred income492/3€434€2k▲
Income statement
Code20242025
Non-recurring operating income76A€327€652k▲
Remuneration, social security and pensions62€21k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€2k▲
Other operating charges640/8€23k€7k▼
Gross operating margin9900€-268k€657k▲
Operating profit (loss)9901€-316k€642k▲
Financial income75/76B€8k€10k▲
Recurring financial income75€8k€10k▲
Financial charges65/66B€25k€52k▲
Recurring financial charges65€25k€52k▲
Profit (loss) for the period before taxes9903€-333k€599k▲
Income taxes67/77-€51k
Profit (loss) for the period9904€-333k€548k▲
Profit (loss) for the period to be appropriated9905€-333k€548k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-333k€538k▲
Profit (loss) brought forward from the previous period14P-€-10k
Transfer from equity791/2€323k€0▼
Transfer to equity691/2-€538k
To other reserves6921-€538k
Social balance
Average headcount (FTE)90870.80.0▼
The notes to these accounts (17 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
25-06
State Gazette act
RestructuringMerger · Corporate purpose · Net-asset statement10 facts ▸
State Gazette act
Restructuring
Merger · Corporate purpose · Net-asset statement10 facts ▸
- Merger, fusion by absorption
- Corporate purpose, De aan- en verkoop, de confectie- en verwerking in het algemeen, voor eigen rekening of voor rekening van derden, het fatsoenwerk, van alle textielgrondstoffen…
- Corporate purpose, De aan- en verkoop, de confectie en de verwerking in het algemeen, voor eigen rekening of voor rekening van derden, alsook het fatsoenwerk van alle materialen:…
- Net-asset statement, corrected net asset value, 291768.64
- Net-asset statement, corrected net asset value, 755474.49
- Share issue, 76, issued to the sole shareholder of the absorbed company in exchange for its shares
- Accounting effect, 2026-01-01
- Capital
- Share value, value per share, 3.815,53
- Profit participation, 2026-01-01
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €548k
Net result €548k after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 12.05
Current ratio from 2.34 to 12.05; short-term debt falls from €112k to €68k.
31-12
Financial
Equity above €500kEq €755k ▲264%
Equity rises from €208k to €755k.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-333k
Net result drops to €-333k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1961
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.
Vennestraat(Kor) 198500 KortrijkGround area
1,603 m²
Building footprint
1,429 m²
Volume, LiDAR
14,491 m³
Parcel 34353B0076/00H003, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vennestraat(Kor) 19, 8500 Kortrijk
since 19612.105.576.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0076/00H003 | Flanders | 1,603 m² | 1 · 1,429 m² | 14.2 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
Due Amanti
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MASLOV
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MODE VANDER STAPPEN - COOMANS
BE 0417.037.048
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Arijs - Van Nieuwenhove
BE 0412.420.739
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DETEMMERMAN
BE 0430.859.845
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Of 1,092 companies in sector 14210 we hold annual accounts for 211. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-06-1961
Fiscal year end31-12
Activities, NACEBEL
14130Manufacture of wearing apparel
14210Manufacture of outerwear
18221
47512Retail sale of household textiles and bedding
47711Retail sale of women's outerwear
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.