PENNINCK
ActivePENNINCK 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 €36.65M and a net result of €2.38M. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 2383 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 €36.7M
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
20 d early
2023
33 d early
2022
31 d early
2021
47 d early
2020
31 d early
2019
29 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€36.65M▲ 6.9%
2024 · €34.27M
2018: €33.88M
2019: €38.35M
2020: €39.84M
2021: €30.65M
2022: €31.18M
2023: €31.54M
2024: €34.27M
2018 → 2025
Net result
€2.38M▼ 13.0%
2024 · €2.74M
2018: €1.72M
2019: €4.47M
2020: €1.49M
2021: €1.53M
2022: €531k
2023: €354k
2024: €2.74M
2018 → 2025
Total assets
€36.71M▲ 5.5%
2024 · €34.79M
2018: €34.80M
2019: €38.96M
2020: €40.40M
2021: €41.91M
2022: €31.72M
2023: €32.06M
2024: €34.79M
2018 → 2025
Solvency
99.9%▲ 1.3pp
2024 · 98.5%
2018: 97.3%
2019: 98.4%
2020: 98.6%
2021: 73.1%
2022: 98.3%
2023: 98.4%
2024: 98.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€400k-€400k=€400k=€400k=€400k=
Equity€30.65M-€31.18M▲ 1.7%€31.54M▲ 1.1%€34.27M▲ 8.7%€36.65M▲ 6.9%
Operating result€193k-€199k▲ 3.1%€210k▲ 5.3%€201k▼ 4.2%€198k▼ 1.7%
Net result€1.53M-€531k▼ 65.2%€354k▼ 33.4%€2.74M▲ 673%€2.38M▼ 13.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36.71M
Fixed assets
€18.53M=
Current assets
€18.17M▲ 11.8%
Equity and liabilities €36.71M
Equity
€36.65M▲ 6.9%
Debt
€53k▼ 89.8%
The debt ratio falls from 1.5% to 0.1%: equity grows while debt is paid down.
Key figures and ratios
Solvency
99.9%▲
2024 · 98.5%
ROE
6.5%▼
2024 · 8.0%
ROA
6.5%▼
2024 · 7.9%
Debt
€53k▼
2024 · €517k
Debt ≤ 1 year
€36k▼
2024 · €510k
Income taxes
€150k▲
2024 · €135k
A ratio outside any meaningful range has been withheld (balance sheet total €36.71M, equity €36.65M).
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€34.79M€36.71M▲
Fixed assets21/28€18.54M€18.53M=
Tangible fixed assets22/27€32k€24k▼
Furniture and vehicles24€32k€24k▼
Financial fixed assets28€18.51M€18.51M=
Affiliated companies280/1€18.51M€18.51M=
Participating interests280€18.51M€18.51M=
Current assets29/58€16.25M€18.17M▲
Amounts receivable after more than one year29€89k€59k▼
Other amounts receivable291€89k€59k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€72k€4k▼
Other amounts receivable41€72k€4k▼
Current investments50/53€13.26M€15.73M▲
Other investments51/53€13.26M€15.73M▲
Cash at bank and in hand54/58€2.75M€2.10M▼
Deferred charges and accrued income490/1€78k€282k▲
Equity and liabilities
Total equity and liabilities10/49€34.79M€36.71M▲
Equity10/15€34.27M€36.65M▲
Contributions10/11€11.22M€11.22M=
Capital10€11.22M€11.22M=
Issued capital100€11.22M€11.22M=
Reserves13€23.05M€25.43M▲
Non-distributable reserves130/1€2.19M€2.19M=
Legal reserve130€2.19M€2.19M=
Distributable reserves133€20.86M€23.24M▲
Amounts payable17/49€517k€53k▼
Amounts payable within one year42/48€510k€36k▼
Trade debts44€14k€14k▼
Suppliers440/4€14k€14k▼
Taxes, remuneration and social security45-€23k
Taxes450/3-€23k
Other amounts payable47/48€497k€0▼
Accrued charges and deferred income492/3€7k€17k▲
Income statement
Code20242025
Operating income70/76A€415k€408k▼
Turnover70€400k€400k=
Other operating income74€15k€8k▼
Operating charges60/66A€213k€211k▼
Services and other goods61€203k€196k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€2k€6k▲
Operating profit (loss)9901€201k€198k▼
Financial income75/76B€2.70M€2.34M▼
Recurring financial income75€2.70M€2.34M▼
Income from financial fixed assets750€2.34M€1.94M▼
Income from current assets751€363k€403k▲
Financial charges65/66B€36k€8k▼
Recurring financial charges65€36k€8k▼
Debt charges650€30k€17k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€6k€-9k▼
Other financial charges652/9€369€370▲
Profit (loss) for the period before taxes9903€2.87M€2.53M▼
Income taxes67/77€135k€150k▲
Taxes670/3€135k€150k▲
Profit (loss) for the period9904€2.74M€2.38M▼
Profit (loss) for the period to be appropriated9905€2.74M€2.38M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.74M€2.38M▼
Transfer to equity691/2€2.74M€2.38M▼
To other reserves6921€2.74M€2.38M▼
The notes to these accounts (72 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 16current ratio 500.80
Current ratio from 31.83 to 500.80; short-term debt falls from €510k to €36k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €354k ▼33.4%
Net result drops to €354k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 12current ratio 24.83
Current ratio from 2.08 to 24.83; short-term debt falls from €11.26M to €534k.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €4.47M ▲159%
Net result €4.47M, the highest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
19-07
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
5 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, Roeselare · 1 establishment unit since 2002
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.
Rumbeeksegravier 1108800 RoeselareGround area
1.4 ha
Building footprint
252 m²
Volume, LiDAR
993 m³
Parcel 36502B1692/00Y000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PENNINCK
since 20022.096.023.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B1692/00Y000 | Flanders | 1.4 ha | 1 · 252 m² | 5.8 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
8755008B4XZ7D9W06D90
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 3,168 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-01-2002
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.