PIGNATO-ALEV

Active

Private limited companyfounded 20196 yrs activeRue Saint-Eloi(CAR) 101, 7141 Morlanwelz, BelgiumKBO/BCE: BE 0738.651.535

PIGNATO-ALEV has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €123k and a net result of €36k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 213 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

72 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability84▲+29

Solvency65▼-2

Growth52=

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity ample (current ratio 2.28 against 3.1 in 2023; short-term debt: 24.5% and cash: 23.4% of total assets), but 59.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 58

Relative position

BE, all sectors

reference

Sector 58

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

1 d early

2023

12 d early

2022

31 d late

2021

13 d early

2020

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€36k▲ 2,508%

2023 · €1k

2020: €60k 2021: €3k 2022: €54k 2023: €1k

2020 → 2024

Working capital

€96k▲ 0.3%

2023 · €96k

2020: €48k 2021: €51k 2022: €99k 2023: €96k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€64k-€67k▲ 4.5%€122k▲ 80.9%€123k▲ 1.2%€123k=

Operating result€85k-€8k▼ 90.4%€74k▲ 809%€9k▼ 87.8%€53k▲ 479%

Net result€60k-€3k▼ 95.2%€54k▲ 1,769%€1k▼ 97.4%€36k▲ 2,508%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 479% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €307k

44.1%

55.9%

Fixed assets €135k▼ 11.5%

Current assets €171k▲ 21.0%

Equity and liabilities €307k

40.1%

59.9%

Equity €123k=

Debt €184k▲ 7.1%

The debt ratio rises from 58.2% to 59.9%. Debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€81k▲

2023 · €36k

Cash flow

€65k▲

2023 · €28k

Solvency

40.1%▼

2023 · 41.8%

Current ratio

2.28▼

2023 · 3.10

Quick ratio

2.28▼

2023 · 3.10

Debt / equity

1.49▲

2023 · 1.39

ROE

29.7%▲

2023 · 1.1%

ROA

11.9%▲

2023 · 0.5%

Interest coverage

12.26▲

2023 · 4.27

Debt

€184k▲

2023 · €172k

Debt ≤ 1 year

€75k▲

2023 · €46k

Debt > 1 year

€108k▼

2023 · €126k

Income taxes

€11k▲

2023 · €612

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€295k€307k▲

Fixed assets21/28€153k€135k▼

Tangible fixed assets22/27€153k€135k▼

Plant, machinery and equipment23€5k€3k▼

Furniture and vehicles24€16k€12k▼

Other tangible fixed assets26€132k€121k▼

Current assets29/58€142k€171k▲

Amounts receivable after more than one year29€35k€47k▲

Other amounts receivable291€35k€47k▲

Amounts receivable within one year40/41€48k€43k▼

Trade receivables40€29k€32k▲

Other amounts receivable41€20k€11k▼

Cash at bank and in hand54/58€55k€72k▲

Deferred charges and accrued income490/1€3k€9k▲

Equity and liabilities

Total equity and liabilities10/49€295k€307k▲

Equity10/15€123k€123k=

Contributions10/11€4k€4k=

Reserves13€119k€119k=

Distributable reserves133€119k€119k=

Amounts payable17/49€172k€184k▲

Amounts payable after more than one year17€126k€108k▼

Financial debts170/4€126k€108k▼

Amounts payable within one year42/48€46k€75k▲

Current portion of amounts payable after more than one year42€28k€24k▼

Trade debts44€6k€11k▲

Suppliers440/4€6k€11k▲

Taxes, remuneration and social security45€9k€4k▼

Taxes450/3€9k€4k▼

Other amounts payable47/48€3k€36k▲

Accrued charges and deferred income492/3-€95

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€29k▲

Other operating charges640/8€1k€1k▲

Non-recurring operating charges66A-€96

Gross operating margin9900€37k€82k▲

Operating profit (loss)9901€9k€53k▲

Financial income75/76B€1k€2k▲

Recurring financial income75€1k€2k▲

Financial charges65/66B€8k€7k▼

Recurring financial charges65€8k€7k▼

Profit (loss) for the period before taxes9903€2k€47k▲

Income taxes67/77€612€11k▲

Profit (loss) for the period9904€1k€36k▲

Profit (loss) for the period to be appropriated9905€1k€36k▲

Appropriation of the result

Profit (loss) to be appropriated9906€1k€36k▲

Transfer to equity691/2€1k-

To other reserves6921€1k-

Profit to be distributed694/7-€36k

Return on contributions (dividend)694-€36k

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 2Gazette 1Filings 5

2026

07-09

State Gazette act Resignations & appointments

General meeting · Director reappointment · Mandate compensation5 facts ▸

General meeting, 2026-06-29
Director reappointment, Vincenzo Pignato (administrateur)
Director reappointment, Nuriya Alev (administrateur)
Mandate compensation, Vincenzo Pignato
Mandate compensation, Nuriya Alev

2025

30-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

19-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €1k ▼97.4%

Net result drops to €1k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 31 days late

2022

31-12

Financial Equity above €100kEq €122k ▲80.9%

3 profitable years in a row build equity to €122k.

18-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2026

Nuriya Alev

Director · since 29-06-2026

Current

Vincenzo Pignato

Director · since 29-06-2026

Current

29-06-2026 Nuriya Alev: Mandate renewed as Director

29-06-2026 Vincenzo Pignato: Mandate renewed as Director

Location & real-estate footprint

Registered office, Morlanwelz · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Rue Saint-Eloi(CAR) 1017141 Morlanwelz

Ground area

1,200 m²

Building footprint

274 m²

Parcel 56015D0027/00V005, Wallonia. Linked by address, not a title deed.

1 establishment unit

PIGNATO-ALEV

Rue Saint-Eloi(CAR) 101, 7141 MorlanwelzSpecialist medical practice

since 20192.296.632.079

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56015D0027/00V005	Wallonia	1,200 m²	1 · 274 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.

Similar companies · same sector, comparable size

JOTLOG

BE 0824.611.648

Genappe · Eq €125k

Organisation of the Future

STUDIO 100 PUBLISHING

Of 1,112 companies in sector 58110 we hold annual accounts for 363. 273 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded02-12-2019

Fiscal year end31-12

Activities, NACEBEL

58110Book publishing

86220Specialist medical practice

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.