PENIM
ActiveSummary
PENIM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €21k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 91% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+85
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 9.85 against 6.18 in 2024; short-term debt: 9.5% and cash: 19.4% of total assets), and 9.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
90.3%
Return on assets
12.8%
Age of the figures
15 mo
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 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
39 d early
2023
43 d early
2022
43 d early
2021
45 d early
2020
34 d early
2019
39 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€329k
EBIT margin
47.5%
Net result
€21k
2024 · €-27k
2019: €94k
2020: €27k
2021: €11k
2022: €11k
2023: €-15k
2024: €-27k
2019 → 2025
Working capital
€137k▲ 25.5%
2024 · €109k
2019: €125k
2020: €178k
2021: €168k
2022: €141k
2023: €131k
2024: €109k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€168k▲ 6.8%€153k▼ 9.0%€126k▼ 17.5%€147k▲ 16.5%
Operating result€15k-€16k▲ 5.9%€-17k€-30k▼ 74.5%€16k
Net result€11k-€11k▼ 4.4%€-15k€-27k▼ 76.7%€21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16k after a loss of €30k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163k
Fixed assets
€10k ▼ 38.9%
Current assets
€153k ▲ 17.1%
Equity and liabilities €163k
Equity
€147k ▲ 16.5%
Debt
€16k ▼ 24.7%
Debt's share of the balance-sheet total falls from 14.3% to 9.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▲
2024 · €-23k
Cash flow
€27k▲
2024 · €-20k
Current ratio
9.85▲
2024 · 6.18
Debt to equity
0.11▼
2024 · 0.17
ROE
14.2%▲
2024 · -21.3%
ROA
12.8%▲
2024 · -18.2%
Interest coverage
59.75▲
2024 · -211.33
Debt ≤ 1 year
€16k▼
2024 · €21k
Income taxes
€2k▲
2024 · €443
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€147k€163k▲
Fixed assets21/28€17k€10k▼
Tangible fixed assets22/27€17k€10k▼
Furniture and vehicles24€17k€10k▼
Current assets29/58€130k€153k▲
Amounts receivable within one year40/41€87k€120k▲
Other amounts receivable41€87k€120k▲
Cash at bank and in hand54/58€43k€32k▼
Deferred charges and accrued income490/1€518€656▲
Equity and liabilities
Total equity and liabilities10/49€147k€163k▲
Equity10/15€126k€147k▲
Contributions10/11€19k€19k=
Reserves13€125k€125k=
Distributable reserves133€125k€125k=
Profit (loss) carried forward14€-17k€4k▲
Amounts payable17/49€21k€16k▼
Amounts payable within one year42/48€21k€16k▼
Current portion of amounts payable after more than one year42€2k-
Trade debts44€14k€7k▼
Suppliers440/4€14k€7k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€2k€6k▲
Remuneration and social security454/9€3k-
Accrued charges and deferred income492/3-€375
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€499€440▼
Gross operating margin9900€-23k€24k▲
Operating profit (loss)9901€-30k€16k▲
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€111€387▲
Recurring financial charges65€111€387▲
Profit (loss) for the period before taxes9903€-26k€22k▲
Income taxes67/77€443€2k▲
Profit (loss) for the period9904€-27k€21k▲
Profit (loss) for the period to be appropriated9905€-27k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€4k▲
Profit (loss) brought forward from the previous period14P-€-17k
Transfer from equity791/2€10k-
The notes to these accounts (4 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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €150kEq €158k ▲7.6%
3 profitable years in a row build equity to €158k.
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity quadruplescurrent ratio 8.49
Current ratio from 1.91 to 8.49; short-term debt falls from €137k to €24k.
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
05-12
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.
Directors · office · real estate
Directors
9 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, Waterloo · 2 establishment units since 2003
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.
Avenue Reine Astrid 361410 WaterlooGround area
2,566 m²
Building footprint
513 m²
Volume, LiDAR
7,591 m³
2 parcels, Wallonia · tallest building 36.9 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
PENIM
since 20032.126.236.436
VIAGER A LIEGE
since 20232.348.123.045
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0300/00_000 | Wallonia | 1,851 m² | 1 · 270 m² | 13.4 m · 4 fl. |
| 62810B0589/00F002 | Wallonia | 715 m² | 1 · 242 m² | 36.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
WALKER'S
BE 0448.262.932
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EQUIHOME
BE 0728.813.359
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AENOVA
BE 0441.180.645
Sint-Martens-Latem · Eq €147,041
BELISTATE
BE 0464.288.421
Ledegem · Eq €147,531
Vastgoed In Antwerpen Immobiliën
BE 0651.930.565
Antwerpen · Eq €147,612
Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 5,264 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 formPrivate limited company
Founded25-02-2003
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:penim@skynet.be
Phone:+3228508770
Phone:+3243432430