PENNIGER is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €611k and a net result of €-51k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 5511 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
7 d early
2023
62 d early
2022
38 d early
2021
38 d early
2020
61 d early
2019
35 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€611k▼ 7.7%
2024 · €662k
2018: €344k
2019: €362k
2020: €364k
2021: €401k
2022: €438k
2023: €636k
2024: €662k
2018 → 2025
Net result
€-51k
2024 · €26k
2018: €185k
2019: €37k
2020: €23k
2021: €37k
2022: €38k
2023: €47k
2024: €26k
2018 → 2025
Total assets
€1.58M▼ 3.9%
2024 · €1.64M
2018: €2.07M
2019: €1.85M
2020: €1.82M
2021: €1.75M
2022: €1.64M
2023: €1.70M
2024: €1.64M
2018 → 2025
Solvency
38.7%▼ 1.6pp
2024 · 40.3%
2018: 16.6%
2019: 19.6%
2020: 20.0%
2021: 22.9%
2022: 26.8%
2023: 37.4%
2024: 40.3%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€401k-€438k▲ 9.4%€636k▲ 45.0%€662k▲ 4.1%€611k▼ 7.7%
Operating result€69k-€75k▲ 8.5%€86k▲ 15.3%€55k▼ 36.3%€-37k
Net result€37k-€38k▲ 2.6%€47k▲ 25.7%€26k▼ 44.5%€-51k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €37k after €55k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€1.35M▲ 0.4%
Current assets
€226k▼ 23.4%
Equity and liabilities €1.58M
Equity
€611k▼ 7.7%
Debt
€966k▼ 1.3%
The debt ratio rises from 59.7% to 61.3%. Equity and debt are lower.
Key figures and ratios
Solvency
38.7%▼
2024 · 40.3%
ROE
-8.4%▼
2024 · 4.0%
ROA
-3.2%▼
2024 · 1.6%
Debt
€966k▼
2024 · €979k
Debt ≤ 1 year
€512k▲
2024 · €224k
Debt > 1 year
€454k▼
2024 · €744k
Income taxes
€296▼
2024 · €8k
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€1.64M€1.58M▼
Fixed assets21/28€1.35M€1.35M▲
Intangible fixed assets21€20k€15k▼
Tangible fixed assets22/27€1.30M€1.31M▲
Land and buildings22€1.13M€1.18M▲
Furniture and vehicles24€53k€38k▼
Other tangible fixed assets26€118k€89k▼
Financial fixed assets28€24k€24k=
Current assets29/58€295k€226k▼
Amounts receivable within one year40/41€55k€121k▲
Trade receivables40€23k€7k▼
Other amounts receivable41€32k€114k▲
Current investments50/53€101k€0▼
Cash at bank and in hand54/58€113k€75k▼
Deferred charges and accrued income490/1€26k€31k▲
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.58M▼
Equity10/15€662k€611k▼
Contributions10/11€197k€197k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Profit (loss) carried forward14€461k€410k▼
Amounts payable17/49€979k€966k▼
Amounts payable after more than one year17€744k€454k▼
Financial debts170/4€719k€429k▼
Other amounts payable178/9€25k€25k=
Amounts payable within one year42/48€224k€512k▲
Current portion of amounts payable after more than one year42€157k€140k▼
Trade debts44€53k€71k▲
Suppliers440/4€53k€71k▲
Taxes, remuneration and social security45€13k€0▼
Taxes450/3€13k€0▼
Other amounts payable47/48€465€300k▲
Accrued charges and deferred income492/3€10k€172▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€127k€131k▲
Other operating charges640/8€41k€42k▲
Gross operating margin9900€223k€137k▼
Operating profit (loss)9901€55k€-37k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€23k€17k▼
Recurring financial charges65€23k€17k▼
Profit (loss) for the period before taxes9903€34k€-51k▼
Income taxes67/77€8k€296▼
Profit (loss) for the period9904€26k€-51k▼
Profit (loss) for the period to be appropriated9905€26k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€461k€410k▼
Profit (loss) brought forward from the previous period14P€435k€461k▲
The notes to these accounts (26 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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-51k ▼295%
Net result drops to €-51k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 1.47
Current ratio from 0.36 to 1.47; short-term debt falls from €336k to €197k.
31-12
Financial
Equity above €500kEq €636k ▲45%
6 profitable years in a row build equity to €636k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2011
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.
Isabella Brantstraat 262018 AntwerpenGround area
331 m²
Building footprint
216 m²
Volume, LiDAR
2,668 m³
Parcel 11810K1533/00C004, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Isabella Brantstraat 26, 2018 Antwerpen
since 20112.197.884.990
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1533/00C004 | Flanders | 331 m² | 1 · 216 m² | 16.9 m · 5 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.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 13,475 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2011
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.