PIDGIN
ActivePIDGIN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-14k) and a net result of €-4k. Equity is shrinking by ~61.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 1934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
15
/ 100
Critical▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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
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 2024Age of the figures
Age of the figures
20 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€14k
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 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
on the day
2022
31 d late
2021
11 d late
2020
23 d late
2019
18 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-14k▼ 39.2%
2023 · €-10k
2018: €29k
2019: €47k
2020: €25k
2021: €16k
2022: €7k
2023: €-10k
2018 → 2024
Total assets
€1k▼ 33.2%
2023 · €2k
2018: €34k
2019: €69k
2020: €44k
2021: €30k
2022: €14k
2023: €2k
2018 → 2024
Net result
€-4k▲ 76.6%
2023 · €-17k
2018: €29k
2019: €18k
2020: €-21k
2021: €-9k
2022: €-9k
2023: €-17k
2018 → 2024
Working capital
€-14k▼ 33.1%
2023 · €-10k
2018: €27k
2019: €42k
2020: €22k
2021: €11k
2022: €3k
2023: €-10k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€16k▼ 37.2%€7k▼ 57.6%€-10k€-14k▼ 39.2%
Operating result€-21k-€-9k▲ 57.5%€-9k▲ 0.8%€-16k▼ 82.3%€-4k▲ 76.3%
Net result€-21k-€-9k▲ 56.2%€-9k▲ 2.8%€-17k▼ 82.8%€-4k▲ 76.6%
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 stays negative: a loss of €4k in 2024 against €16k in 2023; the loss shrinks.
Key figures and ratios
EBITDA
€-3k▲
2023 · €-11k
Cash flow
€-3k▲
2023 · €-12k
Interest coverage
-57.19▼
2023 · -15.52
Debt
€15k▲
2023 · €12k
Debt ≤ 1 year
€15k▲
2023 · €12k
Income taxes
€76▲
2023 · €63
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2k€1k▼
Fixed assets21/28€461€0▼
Tangible fixed assets22/27€461€0▼
Plant, machinery and equipment23€461€0▼
Furniture and vehicles24€0-
Current assets29/58€1k€1k▼
Amounts receivable within one year40/41€846€726▼
Other amounts receivable41€846€726▼
Cash at bank and in hand54/58€136€133▼
Deferred charges and accrued income490/1€301€307▲
Equity and liabilities
Total equity and liabilities10/49€2k€1k▼
Equity10/15€-10k€-14k▼
Contributions10/11€12k€12k=
Reserves13€34k€34k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€34k€34k=
Profit (loss) carried forward14€-57k€-61k▼
Amounts payable17/49€12k€15k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€12k€15k▲
Current portion of amounts payable after more than one year42€1k€0▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€9k€13k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€461▼
Other operating charges640/8€112€449▲
Gross operating margin9900€-11k€-3k▲
Operating profit (loss)9901€-16k€-4k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€699€58▼
Recurring financial charges65€699€58▼
Profit (loss) for the period before taxes9903€-17k€-4k▲
Income taxes67/77€63€76▲
Profit (loss) for the period9904€-17k€-4k▲
Profit (loss) for the period to be appropriated9905€-17k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-61k▼
Profit (loss) brought forward from the previous period14P€-40k€-57k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €-21k ▼220%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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-Truiden · 1 establishment unit since 2004
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.
Overbroekstraat 373800 Sint-TruidenGround area
1,203 m²
Building footprint
195 m²
Volume, LiDAR
1,233 m³
Parcel 71015A0142/00B000, Flanders · tallest building 14.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PIDGIN
since 20042.139.193.062
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71015A0142/00B000 | Flanders | 1,203 m² | 1 · 195 m² | 14.2 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.
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SUNSHINE SOUNDS
BE 0873.932.683
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HAYAT1
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Of 517 companies in sector 59114 we hold annual accounts for 243. 99 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-08-2004
Fiscal year end31-12
Activities, NACEBEL
59114Motion picture, video and television programme production, sound recording and music publishing activities
92204
Sources
Crossroads Bank for EnterprisesNational Bank · 20 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.