Summary
PETNET is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €361k and a net result of €71k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 9863 sector peers (fiscal year 2024). The company has been active since 2012 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
105 d early
2022
109 d early
2021
97 d early
2020
164 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€361k▲ 24.4%
2023 · €290k
Net result
€71k▼ 9.6%
2023 · €78k
Total assets
€415k▲ 23.3%
2023 · €337k
Solvency
87.0%▲ 0.7pp
2023 · 86.2%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€82k▲ 77.9%€101k▲ 23.3%€56k▼ 44.7%€112k▲ 101%€95k▼ 15.2%
Net result€58k▲ 77.6%€73k▲ 25.2%€42k▼ 43.2%€78k▲ 88.3%€71k▼ 9.6%
Equity€244k▲ 31.5%€308k▲ 26.5%€226k▼ 26.9%€290k▲ 28.7%€361k▲ 24.4%
Total assets€274k▲ 30.3%€331k▲ 21.0%€288k▼ 12.9%€337k▲ 16.8%€415k▲ 23.3%
Debt€30k▲ 21.2%€23k▼ 23.8%€63k▲ 177%€46k▼ 26.2%€54k▲ 16.7%
Working capital€113k▲ 127%€166k▲ 47.0%€93k▼ 44.1%€173k▲ 85.9%€249k▲ 44.1%
Solvency89.1%▲ 0.8pp93.1%▲ 4.0pp78.2%▼ 14.9pp86.2%▲ 8.0pp87.0%▲ 0.7pp
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 falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €415k
Fixed assets
€112k ▼ 4.6%
Current assets
€303k ▲ 38.3%
Equity and liabilities €415k
Equity
€361k ▲ 24.4%
Debt
€54k ▲ 16.7%
Debt's share of the balance-sheet total falls from 13.8% to 13.0%. Equity and debt are higher.
Key figures and ratios
ROE
19.6%▼
2023 · 26.9%
ROA
17.0%▼
2023 · 23.2%
Debt ≤ 1 year
€54k▲
2023 · €46k
Income taxes
€29k▼
2023 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €11k | €13k | €7k | €7k | ▲ 1.3% |
| Other operating charges640/8 | - | €4k | €2k | €2k | €1k | ▼ 26.2% |
| Gross operating margin9900 | €91k | €116k | €70k | €120k | €103k | ▼ 14.4% |
| Operating profit (loss)9901 | €82k | €101k | €56k | €112k | €95k | ▼ 15.2% |
| Financial income75/76B | - | €1k | €608 | €0 | €5k | ▲ 1,435,997% |
| Recurring financial income75 | €4 | €1k | €608 | €0 | €5k | ▲ 1,435,997% |
| Financial charges65/66B | - | €227 | €238 | €291 | €492 | ▲ 69.4% |
| Recurring financial charges65 | €82 | €227 | €238 | €291 | €492 | ▲ 69.4% |
| Profit (loss) for the period before taxes9903 | €81k | €101k | €56k | €111k | €100k | ▼ 10.6% |
| Income taxes67/77 | €23k | €28k | €14k | €33k | €29k | ▼ 12.8% |
| Profit (loss) for the period9904 | €58k | €73k | €42k | €78k | €71k | ▼ 9.6% |
| Profit (loss) for the period to be appropriated9905 | €58k | €73k | €42k | €78k | €71k | ▼ 9.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274k | €331k | €288k | €337k | €415k | ▲ 23.3% |
| Fixed assets21/28 | €131k | €142k | €133k | €118k | €112k | ▼ 4.6% |
| Tangible fixed assets22/27 | €131k | €142k | €133k | €118k | €112k | ▼ 4.6% |
| Land and buildings22 | - | €125k | €119k | €113k | €107k | ▼ 5.2% |
| Furniture and vehicles24 | - | €17k | €14k | €4k | €5k | ▲ 8.7% |
| Current assets29/58 | €143k | €189k | €156k | €219k | €303k | ▲ 38.3% |
| Amounts receivable within one year40/41 | €3k | €64k | €33k | €18k | €71k | ▲ 302% |
| Trade receivables40 | - | €20k | - | - | - | - |
| Other amounts receivable41 | - | €44k | €33k | €18k | €71k | ▲ 302% |
| Current investments50/53 | - | - | €15k | €76k | €147k | ▲ 93.4% |
| Cash at bank and in hand54/58 | €139k | €125k | €108k | €110k | €82k | ▼ 25.1% |
| Deferred charges and accrued income490/1 | - | - | €128 | €16k | €2k | ▼ 84.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274k | €331k | €288k | €337k | €415k | ▲ 23.3% |
| Equity10/15 | €244k | €308k | €226k | €290k | €361k | ▲ 24.4% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Capital10 | - | €20k | €20k | - | - | - |
| Issued capital100 | - | €20k | €20k | - | - | - |
| Reserves13 | €224k | €288k | €206k | €270k | €341k | ▲ 26.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €286k | €204k | €270k | €341k | ▲ 26.2% |
| Amounts payable17/49 | €30k | €23k | €63k | €46k | €54k | ▲ 16.7% |
| Amounts payable within one year42/48 | €30k | €23k | €63k | €46k | €54k | ▲ 16.7% |
| Financial debts43 | - | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | - | €2k | - |
| Trade debts44 | €8k | €5k | €7k | €7k | €2k | ▼ 66.9% |
| Suppliers440/4 | - | €5k | €7k | €7k | €2k | ▼ 66.9% |
| Taxes, remuneration and social security45 | - | €18k | €12k | €39k | €50k | ▲ 27.3% |
| Taxes450/3 | - | €18k | €12k | €39k | €50k | ▲ 27.3% |
| Other amounts payable47/48 | - | - | €43k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €73k | €42k | €78k | €71k | ▼ 9.6% |
| + Depreciation and write-downs630 | €9k | €11k | €13k | €7k | €7k | ▲ 1.3% |
| Operating cash flow (approximation) | €67k | €84k | €54k | €85k | €78k | ▼ 8.7% |
| Investment in fixed assets (approximation) | - | €-22k | €-3k | €8k | €-2k | ▼ 122% |
| Change in cash | - | €-15k | €-17k | €2k | €-28k | ▼ 1,432% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €78k ▲88.3%
Operating result €112k, net result €78k, both a record.
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €244k ▲31.5%
3 profitable years in a row build equity to €244k.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Gent · 1 establishment unit since 2012
Ground area
177 m²
Building footprint
89 m²
Volume, LiDAR
908 m³
Parcel 44809I0810/00Y007, Flanders · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PETNET
since 20122.212.919.297
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0810/00Y007 | Flanders | 177 m² | 1 · 88 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,784 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
Founded20-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.