PENEN DRILLING SYSTEM
ActiveSummary
PENEN DRILLING SYSTEM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.12M and a net result of €69k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability48▼-1
Solvency93▲+11
Growth71▼-3
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 3.13 against 2.32 in 2023; short-term debt: 31.9% and cash: 14.7% of total assets), and 31.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68.1%
Return on assets
4.2%
Age of the figures
21 mo
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 07-05-2025, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
85 d early
2023
71 d early
2022
55 d early
2021
83 d early
2020
67 d early
2019
81 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€2.96M▼ 3.4%
2023 · €3.07M
2018: €1.92M
2019: €2.47M
2020: €4.16M
2021: €3.23M
2022: €2.80M
2023: €3.07M
2018 → 2024
EBIT margin
3.4%▼ 0.5pp
2023 · 3.9%
2018: 5.5%
2019: 3.2%
2020: 2.8%
2021: 0.1%
2022: 0.6%
2023: 3.9%
2018 → 2024
Net result
€69k▼ 18.3%
2023 · €84k
2018: €67k
2019: €57k
2020: €84k
2021: €334
2022: €13k
2023: €84k
2018 → 2024
Working capital
€1.12M▲ 6.5%
2023 · €1.05M
2018: €793k
2019: €858k
2020: €951k
2021: €954k
2022: €967k
2023: €1.05M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€4.16M-€3.23M▼ 22.4%€2.80M▼ 13.5%€3.07M▲ 9.6%€2.96M▼ 3.4%
Equity€954k-€954k=€967k▲ 1.3%€1.05M▲ 8.7%€1.12M▲ 6.6%
Operating result€115k-€4k▼ 96.9%€18k▲ 410%€120k▲ 564%€100k▼ 16.7%
Net result€84k-€334▼ 99.6%€13k▲ 3,659%€84k▲ 572%€69k▼ 18.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.65M
Equity
€1.12M ▲ 6.6%
Debt
€526k ▼ 34.0%
Debt's share of the balance-sheet total falls from 43.1% to 31.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.13▲
2023 · 2.32
Quick ratio
1.35▼
2023 · 1.37
Debt to equity
0.47▼
2023 · 0.76
ROE
6.2%▼
2023 · 8.0%
ROA
4.2%▼
2023 · 4.6%
Debt ≤ 1 year
€525k▼
2023 · €796k
Income taxes
€23k▼
2023 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.85M€1.65M▼
Current assets29/58€1.85M€1.65M▼
Stocks and contracts in progress3€760k€934k▲
Stocks30/36€760k€934k▲
Raw materials and consumables30/31€73k€59k▼
Finished goods33€424k-
Goods purchased for resale34€264k€875k▲
Amounts receivable within one year40/41€333k€469k▲
Trade receivables40€331k€462k▲
Other amounts receivable41€2k€7k▲
Cash at bank and in hand54/58€754k€242k▼
Deferred charges and accrued income490/1€649€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.85M€1.65M▼
Equity10/15€1.05M€1.12M▲
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€30k€30k=
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Profit (loss) carried forward14€721k€790k▲
Amounts payable17/49€797k€526k▼
Amounts payable within one year42/48€796k€525k▼
Current portion of amounts payable after more than one year42€8k-
Trade debts44€756k€478k▼
Suppliers440/4€756k€478k▼
Taxes, remuneration and social security45€4k€18k▲
Taxes450/3€4k€18k▲
Other amounts payable47/48€30k€30k=
Accrued charges and deferred income492/3€409€230▼
Income statement
Code20232024
Operating income70/76A€3.07M€2.97M▼
Turnover70€3.07M€2.96M▼
Non-recurring operating income76A-€3k
Operating charges60/66A€2.95M€2.87M▼
Goods for resale, raw materials and consumables60€2.35M€2.25M▼
Purchases600/8€2.48M€2.42M▼
Change in stocks: decrease (increase)609€-129k€-174k▼
Services and other goods61€591k€615k▲
Other operating charges640/8€1k€1k▼
Operating profit (loss)9901€120k€100k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Other financial income752/9-€1k
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Debt charges650€645€54▼
Other financial charges652/9€7k€9k▲
Profit (loss) for the period before taxes9903€113k€92k▼
Income taxes67/77€28k€23k▼
Taxes670/3€28k€24k▼
Tax adjustments and reversals of tax provisions77-€66
Profit (loss) for the period9904€84k€69k▼
Profit (loss) for the period to be appropriated9905€84k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€721k€790k▲
Profit (loss) brought forward from the previous period14P€637k€721k▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €84k ▲572%
Operating result €120k, net result €84k, both a record.
31-12
Financial
Equity above €1MEq €1.05M ▲8.7%
6 profitable years in a row build equity to €1.05M.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €334 ▼99.6%
Net result drops to €334, the lowest in the series; recovery starts the following year.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Malle · 1 establishment unit since 2010
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.
Nijverheidsstraat 52390 MalleGround area
2.0 ha
Building footprint
5,952 m²
Parcel 11032D0053/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
PENEN DRILLING SYSTEM
since 20102.186.412.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032D0053/00C000 | Flanders | 2.0 ha | 1 · 5,952 m² | - |
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
Bridou
BE 0402.486.949
Tournai · Eq €1,112,722
BAELS
BE 0415.811.482
Rijkevorsel · Eq €1,111,750
BOUGARD
BE 0422.445.688
Binche · Eq €1,142,950
GREGOIRE
BE 0452.207.565
Tienen · Eq €1,070,720
Robert Janssen en Zoon
BE 0416.652.018
Turnhout · Eq €1,176,775
Of 505 companies in sector 46841 we hold annual accounts for 365. 288 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-03-2010
Fiscal year end31-12
Abbreviation NL
PDS
Activities, NACEBEL 2025
46841Wholesale trade
25999Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.