Financials
- Fiscal year
- 2024
- Total assets
- €1.2m
- Loss
- -€20,577
- Solvency
- 35.6%
Total assets▼ 2.2%
Net result
20182024
PENALTY
ActiveSummary
PENALTY has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €429,148 and a net result of -€20,577. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 104 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Gambling and betting activities
NACE 92000
#8 company by total assets in the province of Antwerp, Gambling and betting sector4 sites
Size
€1.2mtotal assets 2024
- Staff
- 5 FTE
- Equity
- €429,148
- Loss
- -€20,577
Structure
Accounts 64 d overdue0 of 12 deeds read
Why 80- Figures for FY 2024 (filed 30-07-2025)+ Size: total assets €1.2m+ Founded in 2007+ Liquidity: current ratio 1.55, cash €449,600Show the evidence
Checked score
Score 2024
80
/ 100
Excellent
Probability in this band: under 0.55%
Better than 38% of its sector peers (NACE 92, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
61+1
equity 35.6% of total assets
Liquidity
63=
short-term debt 64.4% · cash 37.3%
Profitability
33-31
return on assets -1.7%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 21 months
02-2025: 0.8%
03-2025: 0.8%▲ +2.9% vs 02-2025
04-2025: 0.8%▲ +1.2% vs 03-2025
05-2025: 0.8%▲ +4.8% vs 04-2025
06-2025: 0.9%▲ +6.8% vs 05-2025
07-2025: 0.9%▲ +6.6% vs 06-2025highest value
08-2025: 0.1%▼ -84.8% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%▼ -0.7% vs 12-2025lowest value
02-2026: 0.1%▲ +4.2% vs 01-2026
03-2026: 0.1%▼ -1.4% vs 02-2026
04-2026: 0.1%▼ -1.4% vs 03-2026
05-2026: 0.1%▲ +3.5% vs 04-2026
06-2026: 0.2%▲ +4.7% vs 05-2026
07-2026: 0.2%▲ +12.8% vs 06-2026
08-2026: 0.4%▲ +99.4% vs 07-2026
09-2026: 0.4%▲ +13.4% vs 08-2026
10-2026: 0.6%▲ +41.5% vs 09-2026
- Figures for FY 2024 (filed 30-07-2025) raises the probability
- Size: total assets €1.2m lowers the probability for this profile
- Founded in 2007 lowers the probability for this profile
- Liquidity: current ratio 1.55, cash €449,600 lowers the probability
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.57 in 2023; short-term debt: 64.4% and cash: 37.3% of total assets), but 64.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 92, micro). Better than this share of them on solvency 25%, liquidity 67%, profitability 25%, growth against the median 35%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€20,577
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
99 d late
2022
32 d late
2021
9 d late
2020
31 d late
2019
77 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 41 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Weakest financial yearnet -€45,709
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- 30-07-2025Annual accounts filed
- 07-11-2024Annual accounts filed
- 31-12-2023Weakest financial year
Company details
- Sites
- 4
- Legal form
- Private limited company
- Activity
- Gambling and betting activitiesNACE 92000
- Founded
- 05-10-2007
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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