PENSER
ActiveSummary
The computed 12-month bankruptcy probability of PENSER is 5.0% (elevated). The 2024 annual accounts show equity of €57k and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 18936 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability15▼-84
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 3.8 against 3.95 in 2023; short-term debt: 26.2% and cash: 86.4% of total assets), and 26.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.8%
Return on assets
-3.2%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d late
2023
9 d late
2022
53 d late
2021
18 d late
2020
2 d early
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€57k▼ 4.1%
2023 · €59k
2018: €21k
2019: €5k▼ -76.0% vs 2018lowest in 7 years
2020: €10k▲ +106% vs 2019
2021: €8k▼ -21.1% vs 2020
2022: €40k▲ +385% vs 2021
2023: €59k▲ +47.4% vs 2022highest in 7 years
2024: €57k▼ -4.1% vs 2023
2018 → 2024
Total assets
€77k▼ 2.3%
2023 · €79k
2018: €38k
2019: €20k▼ -46.8% vs 2018
2020: €24k▲ +21.8% vs 2019
2021: €19k▼ -20.0% vs 2020lowest in 7 years
2022: €56k▲ +189% vs 2021
2023: €79k▲ +39.8% vs 2022highest in 7 years
2024: €77k▼ -2.3% vs 2023
2018 → 2024
Net result
€-2k
2023 · €19k
2018: €-18klowest in 7 years
2019: €-16k▲ +12.0% vs 2018
2020: €5k▲ +134% vs 2019
2021: €-2k▼ -141% vs 2020
2022: €32k▲ +1537% vs 2021highest in 7 years
2023: €19k▼ -40.2% vs 2022
2024: €-2k▼ -113% vs 2023
2018 → 2024
Working capital
€56k▼ 2.1%
2023 · €58k
2018: €2k
2019: €-7k▼ -369% vs 2018lowest in 7 years
2020: €-609▲ +90.9% vs 2019
2021: €3k▲ +655% vs 2020
2022: €37k▲ +999% vs 2021
2023: €58k▲ +55.3% vs 2022highest in 7 years
2024: €56k▼ -2.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€10k-€8k▼ 21.1%€40k▲ 385%€59k▲ 47.4%€57k▼ 4.1%
2020: €10k
2021: €8k▼ -21.1% vs 2020lowest in 5 years
2022: €40k▲ +385% vs 2021
2023: €59k▲ +47.4% vs 2022highest in 5 years
2024: €57k▼ -4.1% vs 2023
Operating result€6k-€-2k€32k€20k▼ 38.7%€-2k
2020: €6k
2021: €-2k▼ -133% vs 2020lowest in 5 years
2022: €32k▲ +1736% vs 2021highest in 5 years
2023: €20k▼ -38.7% vs 2022
2024: €-2k▼ -109% vs 2023
Net result€5k-€-2k€32k€19k▼ 40.2%€-2k
2020: €5k
2021: €-2k▼ -141% vs 2020
2022: €32k▲ +1537% vs 2021highest in 5 years
2023: €19k▼ -40.2% vs 2022
2024: €-2k▼ -113% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €20k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €77k
Fixed assets
€240 ▼ 83.8%
Current assets
€77k ▼ 0.7%
Equity and liabilities €77k
Equity
€57k ▼ 4.1%
Debt
€20k ▲ 3.2%
Debt's share of the balance-sheet total rises from 24.8% to 26.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-601▼
2023 · €21k
Cash flow
€-1k▼
2023 · €21k
Current ratio
3.80▼
2023 · 3.95
Debt to equity
0.36▲
2023 · 0.33
ROE
-4.3%▼
2023 · 32.2%
ROA
-3.2%▼
2023 · 24.2%
Interest coverage
-1.01▼
2023 · 33.66
Debt ≤ 1 year
€20k▲
2023 · €20k
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 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€79k€77k▼
Fixed assets21/28€1k€240▼
Tangible fixed assets22/27€1k€190▼
Furniture and vehicles24€250-
Other tangible fixed assets26€1k€190▼
Financial fixed assets28€50€50=
Current assets29/58€77k€77k▼
Amounts receivable within one year40/41€11k€10k▼
Trade receivables40-€5k
Other amounts receivable41€11k€5k▼
Cash at bank and in hand54/58€66k€66k▲
Equity and liabilities
Total equity and liabilities10/49€79k€77k▼
Equity10/15€59k€57k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€39k€36k▼
Amounts payable17/49€20k€20k▲
Amounts payable within one year42/48€20k€20k▲
Trade debts44€19k€17k▼
Suppliers440/4€19k€17k▼
Taxes, remuneration and social security45€542€3k▲
Taxes450/3€542€3k▲
Other amounts payable47/48-€426
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€90k€64k▼
Gross operating margin9900€111k€63k▼
Operating profit (loss)9901€20k€-2k▼
Financial charges65/66B€629€593▼
Recurring financial charges65€629€593▼
Profit (loss) for the period before taxes9903€19k€-2k▼
Profit (loss) for the period9904€19k€-2k▼
Profit (loss) for the period to be appropriated9905€19k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€36k▼
Profit (loss) brought forward from the previous period14P€20k€39k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €6k | €2k | €2k | €1k | ▼ 18.2% |
| Other operating charges640/8 | - | €40k | €72k | €90k | €64k | ▼ 29.1% |
| Gross operating margin9900 | €61k | €44k | €106k | €111k | €63k | ▼ 43.1% |
| Operating profit (loss)9901 | €6k | €-2k | €32k | €20k | €-2k | ▼ 109% |
| Financial charges65/66B | - | €258 | €200 | €629 | €593 | ▼ 5.7% |
| Recurring financial charges65 | €577 | €258 | €200 | €629 | €593 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €5k | €-2k | €32k | €19k | €-2k | ▼ 113% |
| Profit (loss) for the period9904 | €5k | €-2k | €32k | €19k | €-2k | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-2k | €32k | €19k | €-2k | ▼ 113% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €19k | €56k | €79k | €77k | ▼ 2.3% |
| Fixed assets21/28 | €11k | €5k | €3k | €1k | €240 | ▼ 83.8% |
| Intangible fixed assets21 | €4k | - | - | - | - | - |
| Tangible fixed assets22/27 | €7k | €5k | €3k | €1k | €190 | ▼ 86.8% |
| Furniture and vehicles24 | - | €2k | €777 | €250 | - | - |
| Other tangible fixed assets26 | - | €3k | €2k | €1k | €190 | ▼ 83.9% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €13k | €15k | €53k | €77k | €77k | ▼ 0.7% |
| Amounts receivable within one year40/41 | €9k | €11k | €13k | €11k | €10k | ▼ 10.3% |
| Trade receivables40 | - | - | - | - | €5k | - |
| Other amounts receivable41 | - | €11k | €13k | €11k | €5k | ▼ 55.0% |
| Cash at bank and in hand54/58 | €4k | €3k | €41k | €66k | €66k | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €19k | €56k | €79k | €77k | ▼ 2.3% |
| Equity10/15 | €10k | €8k | €40k | €59k | €57k | ▼ 4.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-10k | €-12k | €20k | €39k | €36k | ▼ 6.3% |
| Amounts payable17/49 | €14k | €11k | €16k | €20k | €20k | ▲ 3.2% |
| Amounts payable within one year42/48 | €14k | €11k | €16k | €20k | €20k | ▲ 3.2% |
| Trade debts44 | €3k | €10k | €16k | €19k | €17k | ▼ 13.0% |
| Suppliers440/4 | - | €10k | €16k | €19k | €17k | ▼ 13.0% |
| Taxes, remuneration and social security45 | - | €82 | €308 | €542 | €3k | ▲ 492% |
| Taxes450/3 | - | €82 | €308 | €542 | €3k | ▲ 492% |
| Other amounts payable47/48 | - | €1k | - | - | €426 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-2k | €32k | €19k | €-2k | ▼ 113% |
| + Depreciation and write-downs630 | €10k | €6k | €2k | €2k | €1k | ▼ 18.2% |
| Operating cash flow (approximation) | €16k | €4k | €34k | €21k | €-1k | ▼ 106% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-984 | €37k | €25k | €596 | ▼ 97.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
2022
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.29
Current ratio from 1.30 to 3.29.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Jans-Molenbeek · 2 establishment units since 2013
Ground area
335 m²
Building footprint
347 m²
Volume, LiDAR
3,429 m³
2 parcels, Brussels · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
A LA PENSEE
since 20132.219.990.203
L'Horloge
since 20222.330.519.030
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0328/00H005 | Brussels | 190 m² | 1 · 156 m² | 15.7 m · 4 fl. |
| 21526D0053/00W002 | Brussels | 145 m² | 1 · 191 m² | 16.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAnderlecht2.330.519.030
Sint-Jans-Molenbeek2.219.990.203
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 4,031 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.