PENXTEN C.V. en SANITAIR
ActivePENXTEN C.V. en SANITAIR has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.59M and a net result of €50k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-17
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 5.74 against 11.32 in 2024; short-term debt: 15.2% and cash: 52.3% of total assets), and 15.9% 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
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
84.1%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
2 d early
2023
15 d early
2022
25 d early
2021
26 d early
2020
121 d late
2019
38 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.59M▼ 1.9%
2024 · €1.62M
2018: €803k
2019: €953k
2020: €1.22M
2021: €1.47M
2022: €1.28M
2023: €1.38M
2024: €1.62M
2018 → 2025
Total assets
€1.89M▲ 5.6%
2024 · €1.79M
2018: €980k
2019: €1.13M
2020: €1.49M
2021: €1.66M
2022: €1.63M
2023: €1.69M
2024: €1.79M
2018 → 2025
Net result
€50k▼ 82.4%
2024 · €284k
2018: €160k
2019: €149k
2020: €271k
2021: €243k
2022: €258k
2023: €191k
2024: €284k
2018 → 2025
Working capital
€1.37M▼ 9.8%
2024 · €1.52M
2018: €637k
2019: €784k
2020: €1.02M
2021: €1.28M
2022: €1.18M
2023: €1.23M
2024: €1.52M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.47M-€1.28M▼ 12.9%€1.38M▲ 7.8%€1.62M▲ 17.7%€1.59M▼ 1.9%
Operating result€312k-€338k▲ 8.5%€260k▼ 23.1%€400k▲ 53.7%€49k▼ 87.8%
Net result€243k-€258k▲ 6.1%€191k▼ 26.0%€284k▲ 49.1%€50k▼ 82.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.89M
Fixed assets
€235k▲ 85.3%
Current assets
€1.66M▼ 0.5%
Equity and liabilities €1.89M
Equity
€1.59M▼ 1.9%
Provisions
€0▼ 100%
Debt
€301k▲ 104%
The debt ratio rises from 8.2% to 15.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€107k▼
2024 · €465k
Cash flow
€108k▼
2024 · €349k
Solvency
84.1%▼
2024 · 90.5%
Current ratio
5.74▼
2024 · 11.32
Quick ratio
5.55▼
2024 · 10.85
Debt / equity
0.19▲
2024 · 0.09
ROE
3.1%▼
2024 · 17.5%
ROA
2.6%▼
2024 · 15.9%
Interest coverage
109.05▲
2024 · 52.81
Debt
€301k▲
2024 · €147k
Debt ≤ 1 year
€289k▲
2024 · €147k
Income taxes
€48k▼
2024 · €136k
Staff costs
€782k▼
2024 · €809k
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€1.79M€1.89M▲
Fixed assets21/28€127k€235k▲
Tangible fixed assets22/27€127k€235k▲
Land and buildings22€3k€72k▲
Plant, machinery and equipment23€4k€13k▲
Furniture and vehicles24€120k€150k▲
Current assets29/58€1.67M€1.66M▼
Stocks and contracts in progress3€68k€55k▼
Stocks30/36€68k€55k▼
Amounts receivable within one year40/41€539k€599k▲
Trade receivables40€480k€543k▲
Other amounts receivable41€59k€57k▼
Cash at bank and in hand54/58€1.03M€989k▼
Deferred charges and accrued income490/1€24k€14k▼
Equity and liabilities
Total equity and liabilities10/49€1.79M€1.89M▲
Equity10/15€1.62M€1.59M▼
Contributions10/11€19k€19k=
Reserves13€967k€937k▼
Tax-exempt reserves132€68k€0▼
Distributable reserves133€899k€937k▲
Profit (loss) carried forward14€637k€637k=
Provisions and deferred taxes16€23k€0▼
Deferred taxes168€23k€0▼
Amounts payable17/49€147k€301k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€147k€289k▲
Current portion of amounts payable after more than one year42€16k€0▼
Trade debts44€24k€111k▲
Suppliers440/4€24k€111k▲
Taxes, remuneration and social security45€70k€79k▲
Taxes450/3€43k€53k▲
Remuneration and social security454/9€27k€26k▼
Other amounts payable47/48€38k€99k▲
Accrued charges and deferred income492/3€119€12k▲
Income statement
Code20242025
Non-recurring operating income76A€413€2k▲
Remuneration, social security and pensions62€809k€782k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€58k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€120€0▼
Other operating charges640/8€10k€4k▼
Non-recurring operating charges66A€4k€3k▼
Gross operating margin9900€1.29M€896k▼
Operating profit (loss)9901€400k€49k▼
Financial income75/76B€25k€27k▲
Recurring financial income75€25k€17k▼
Non-recurring financial income76B-€10k
Financial charges65/66B€9k€982▼
Recurring financial charges65€9k€982▼
Profit (loss) for the period before taxes9903€416k€75k▼
Transfer from deferred taxes780€4k€23k▲
Income taxes67/77€136k€48k▼
Profit (loss) for the period9904€284k€50k▼
Transfer from tax-exempt reserves789€11k€68k▲
Profit (loss) for the period to be appropriated9905€295k€118k▼
Appropriation of the result
Profit (loss) to be appropriated9906€931k€755k▼
Profit (loss) brought forward from the previous period14P€637k€637k=
Transfer from equity791/2€40k€80k▲
Transfer to equity691/2€295k€118k▼
To other reserves6921€295k€118k▼
Profit to be distributed694/7€40k€80k▲
Return on contributions (dividend)694€40k€80k▲
Social balance
Average headcount (FTE)908713.412.8▼
The notes to these accounts (14 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €50k ▼82.4%
Net result drops to €50k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €284k ▲49.1%
Operating result €400k, net result €284k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 11.32
Current ratio from 5.58 to 11.32; short-term debt falls from €269k to €147k.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 121 days late
2020
31-12
Financial
Equity above €1MEq €1.22M ▲28.5%
3 profitable years in a row build equity to €1.22M.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
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, Alken · 1 establishment unit since 1992
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.
Motstraat 303570 AlkenGround area
1,784 m²
Building footprint
36 m²
Parcel 73302F0739/00A003, Flanders. Linked by address, not a title deed.
1 establishment unit
Motstraat 30, 3570 Alken
since 19922.057.769.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302F0739/00A003 | Flanders | 1,784 m² | 1 · 36 m² | - |
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
2025 · 1 entry · 111 EUR awarded · 111 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 111 EUR | 111 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 586 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-1992
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
43222Installation of electric heating, air conditioning, cooling and ventilation
45230
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.