PENNY'S OIL
ActivePENNY'S OIL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258k and a net result of €55k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency97▲+23
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.34 in 2024), and 39.6% of the assets are financed with debt.
Credit advice 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
60.4%
Return on assets
12.8%
Age of the figures
8 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
61 d late
2023
58 d late
2022
65 d late
2021
15 d early
2020
31 d late
2019
91 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€258k▲ 26.8%
2024 · €203k
2018: €23k
2019: €55k
2020: €87k
2021: €115k
2022: €125k
2023: €159k
2024: €203k
2018 → 2025
Total assets
€427k▼ 7.0%
2024 · €459k
2018: €318k
2019: €343k
2020: €345k
2021: €395k
2022: €514k
2023: €498k
2024: €459k
2018 → 2025
Net result
€55k▲ 21.8%
2024 · €45k
2018: €20k
2019: €32k
2020: €32k
2021: €28k
2022: €10k
2023: €34k
2024: €45k
2018 → 2025
Working capital
€154k▲ 78.7%
2024 · €86k
2018: €-78k
2019: €-51k
2020: €-12k
2021: €12k
2022: €2k
2023: €39k
2024: €86k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€125k▲ 8.6%€159k▲ 27.2%€203k▲ 28.2%€258k▲ 26.8%
Operating result€28k-€10k▼ 63.3%€34k▲ 237%€45k▲ 31.6%€60k▲ 33.8%
Net result€28k-€10k▼ 64.3%€34k▲ 245%€45k▲ 32.2%€55k▲ 21.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 34% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €427k
Fixed assets
€104k▼ 11.3%
Current assets
€323k▼ 5.5%
Equity and liabilities €427k
Equity
€258k▲ 26.8%
Debt
€169k▼ 33.9%
The debt ratio falls from 55.7% to 39.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€77k▲
2024 · €61k
Cash flow
€71k▲
2024 · €60k
Solvency
60.4%▲
2024 · 44.3%
Current ratio
1.91▲
2024 · 1.34
Quick ratio
1.54▲
2024 · 1.07
Debt / equity
0.66▼
2024 · 1.26
ROE
21.2%▼
2024 · 22.0%
ROA
12.8%▲
2024 · 9.8%
Interest coverage
1036.44▲
2024 · 524.42
Debt
€169k▼
2024 · €256k
Debt ≤ 1 year
€169k▼
2024 · €256k
Income taxes
€5k
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€459k€427k▼
Fixed assets21/28€117k€104k▼
Tangible fixed assets22/27€117k€104k▼
Land and buildings22€79k€77k▼
Plant, machinery and equipment23€20k€14k▼
Furniture and vehicles24€18k€12k▼
Financial fixed assets28€200€200=
Current assets29/58€342k€323k▼
Stocks and contracts in progress3€68k€63k▼
Stocks30/36€68k€63k▼
Amounts receivable within one year40/41€46k€55k▲
Trade receivables40€46k€55k▲
Other amounts receivable41€10€107▲
Cash at bank and in hand54/58€220k€197k▼
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€459k€427k▼
Equity10/15€203k€258k▲
Contributions10/11€81k€81k=
Reserves13€40k€95k▲
Tax-exempt reserves132€32k€32k=
Distributable reserves133€8k€63k▲
Profit (loss) carried forward14€82k€82k=
Amounts payable17/49€256k€169k▼
Amounts payable within one year42/48€256k€169k▼
Trade debts44€110k€18k▼
Suppliers440/4€110k€18k▼
Advances received on contracts in progress46€178€777▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€2k€6k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€142k€142k=
Income statement
Code20242025
Non-recurring operating income76A€75€120▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€-1k▼
Other operating charges640/8€9k€10k▲
Non-recurring operating charges66A€147-
Gross operating margin9900€71k€86k▲
Operating profit (loss)9901€45k€60k▲
Financial income75/76B€2€2▼
Recurring financial income75€2€2▼
Financial charges65/66B€116€74▼
Recurring financial charges65€116€74▼
Profit (loss) for the period before taxes9903€45k€60k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€45k€55k▲
Profit (loss) for the period to be appropriated9905€45k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€82k€137k▲
Profit (loss) brought forward from the previous period14P€37k€82k▲
Transfer to equity691/2-€55k
To other reserves6921-€55k
The notes to these accounts (7 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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €55k ▲21.8%
Operating result €60k, net result €55k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Equity above €200kEq €203k ▲28.2%
7 profitable years in a row build equity to €203k.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-12
Financial
Equity above €150kEq €159k ▲27.2%
6 profitable years in a row build equity to €159k.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-12
Financial
Weakest financial yearnet €10k ▼64.3%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €115k ▲31.6%
4 profitable years in a row build equity to €115k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Eeklo · 1 establishment unit since 1988
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.
Tieltsesteenweg 1919900 EekloGround area
2,706 m²
Building footprint
818 m²
Volume, LiDAR
4,300 m³
Parcel 43352F0521/00A004, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PENNY'S OIL BVBA
since 19882.121.283.102
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0521/00A004 | Flanders | 2,706 m² | 1 · 818 m² | 6.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 129 EUR awarded · 129 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 129 EUR | 129 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteEeklo2.121.283.102
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DRUKKERIJ VERMA
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MILO PRESS
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DRONGEN BOOKSHOP
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Of 2,318 companies in sector 47621 we hold annual accounts for 1,235. 973 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-1987
Fiscal year end31-12
Activities, NACEBEL
47620Retail trade
47621Retail sale of newspapers and periodicals
14100Manufacture of wearing apparel
14199Manufacture of wearing apparel
14299Manufacture of wearing apparel
14390Manufacture of wearing apparel
43120Site preparation
45112
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
47513Retail trade
47559Retail sale of other household articles
47599Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47750Retail sale of cosmetics and toilet articles
49410Freight transport by road
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.