Summary
PIMACO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €18,600 and a net result of €74,874. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 8074 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8074 sector peers (2025).
NBB · sector comparisonPosition among 8074 sector peers
Solvency
better than 24%
← weakest
strongest →
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 26-05-2026, 66 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
66 d early
2024
44 d early
2023
120 d early
2022
4 d early
2021
38 d late
2020
9 d late
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€18,600▼ 90.8%
2024 · €201,115
Net result
€74,874▼ 32.8%
2024 · €111,379
Total assets
€98,218▼ 54.9%
2024 · €217,702
Solvency
18.9%▼ 73.4pp
2024 · 92.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€56,134-€60,239▼ 7.3%-€10,784▲ 82.1%€113,197€91,462▼ 19.2%
Net result-€57,322below the sector's middle half-€63,473below the sector's middle half▼ 10.7%-€12,874below the sector's middle half▲ 79.7%€111,379above the sector's middle half€74,874within the sector's middle half▼ 32.8%
Equity€166,084within the sector's middle half▼ 21.4%€102,610within the sector's middle half▼ 38.2%€89,736within the sector's middle half▼ 12.5%€201,115within the sector's middle half▲ 124%€18,600below the sector's middle half▼ 90.8%
Total assets€171,600within the sector's middle half▼ 36.6%€112,265below the sector's middle half▼ 34.6%€98,374below the sector's middle half▼ 12.4%€217,702within the sector's middle half▲ 121%€98,218below the sector's middle half▼ 54.9%
Debt€5,516▼ 90.7%€9,654▲ 75.0%€8,638▼ 10.5%€16,587▲ 92.0%€79,618▲ 380%
Working capital€160,773▼ 21.9%€99,726▼ 38.0%€88,441▼ 11.3%€202,615▲ 129%€20,100▼ 90.1%
Solvency96.8%above the sector's middle half▲ 18.7pp91.4%above the sector's middle half▼ 5.4pp91.2%above the sector's middle half▼ 0.2pp92.4%above the sector's middle half▲ 1.2pp18.9%below the sector's middle half▼ 73.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €98,218
Equity
€18,600 ▼ 90.8%
Debt
€79,618 ▲ 380%
Debt's share of the balance-sheet total rises from 7.6% to 81.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
402.5%▲
2024 · 55.4%
ROA
76.2%▲
2024 · 51.2%
Debt ≤ 1 year
€78,118▲
2024 · €15,087
Income taxes
€15,799▲
2024 · €296
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,200 | €306 | €0 | €10,193 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,954 | €2,427 | €1,590 | €0 | - | - |
| Other operating charges640/8 | €1,192 | €1,443 | €1,173 | €1,775 | €1,037 | ▼ 41.6% |
| Gross operating margin9900 | -€51,988 | -€56,369 | -€8,021 | €114,972 | €92,499 | ▼ 19.5% |
| Operating profit (loss)9901 | -€56,134 | -€60,239 | -€10,784 | €113,197 | €91,462 | ▼ 19.2% |
| Financial income75/76B | €0 | €15 | €572 | €40 | €522 | ▲ 1,198% |
| Recurring financial income75 | €0 | €15 | €572 | €40 | €522 | ▲ 1,198% |
| Financial charges65/66B | €1,453 | €2,350 | €2,260 | €1,562 | €1,311 | ▼ 16.0% |
| Recurring financial charges65 | €1,453 | €2,350 | €2,260 | €1,562 | €1,311 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | -€57,587 | -€62,573 | -€12,472 | €111,676 | €90,673 | ▼ 18.8% |
| Income taxes67/77 | -€265 | €900 | €402 | €296 | €15,799 | ▲ 5,234% |
| Profit (loss) for the period9904 | -€57,322 | -€63,473 | -€12,874 | €111,379 | €74,874 | ▼ 32.8% |
| Profit (loss) for the period to be appropriated9905 | -€57,322 | -€63,473 | -€12,874 | €111,379 | €74,874 | ▼ 32.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €171,600 | €112,265 | €98,374 | €217,702 | €98,218 | ▼ 54.9% |
| Fixed assets21/28 | €5,311 | €2,884 | €1,295 | €0 | - | - |
| Tangible fixed assets22/27 | €5,311 | €2,884 | €1,295 | €0 | - | - |
| Furniture and vehicles24 | €5,311 | €2,884 | €1,295 | €0 | - | - |
| Current assets29/58 | €166,289 | €109,380 | €97,079 | €217,702 | €98,218 | ▼ 54.9% |
| Amounts receivable within one year40/41 | €9,930 | €16,543 | €45,951 | €31,866 | €48,452 | ▲ 52.0% |
| Trade receivables40 | €9,930 | €11,166 | €31,466 | €31,763 | €38,974 | ▲ 22.7% |
| Other amounts receivable41 | - | €5,378 | €14,485 | €104 | €9,479 | ▲ 9,032% |
| Cash at bank and in hand54/58 | €154,848 | €91,285 | €49,451 | €182,953 | €46,608 | ▼ 74.5% |
| Deferred charges and accrued income490/1 | €1,511 | €1,552 | €1,677 | €2,883 | €3,157 | ▲ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €171,600 | €112,265 | €98,374 | €217,702 | €98,218 | ▼ 54.9% |
| Equity10/15 | €166,084 | €102,610 | €89,736 | €201,115 | €18,600 | ▼ 90.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €190,591 | €190,591 | €190,591 | €190,591 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €188,731 | €188,731 | €190,591 | €190,591 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€43,107 | -€106,580 | -€119,455 | -€8,075 | €0 | ▲ 100% |
| Amounts payable17/49 | €5,516 | €9,654 | €8,638 | €16,587 | €79,618 | ▲ 380% |
| Amounts payable within one year42/48 | €5,516 | €9,654 | €8,638 | €15,087 | €78,118 | ▲ 418% |
| Trade debts44 | €1,206 | €3,888 | €171 | €2,870 | €2,702 | ▼ 5.9% |
| Suppliers440/4 | €1,206 | €3,888 | €171 | €2,870 | €2,702 | ▼ 5.9% |
| Taxes, remuneration and social security45 | €2,892 | €5,767 | €8,467 | €10,514 | €7,163 | ▼ 31.9% |
| Taxes450/3 | €2,892 | €5,767 | €8,467 | €10,514 | €7,163 | ▼ 31.9% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €1,418 | €0 | - | €1,703 | €68,253 | ▲ 3,907% |
| Accrued charges and deferred income492/3 | - | - | - | €1,500 | €1,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€57,322 | -€63,473 | -€12,874 | €111,379 | €74,874 | ▼ 32.8% |
| + Depreciation and write-downs630 | €2,954 | €2,427 | €1,590 | €0 | - | - |
| Operating cash flow (approximation) | -€54,368 | -€61,047 | -€11,285 | €111,379 | €74,874 | ▼ 32.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €1,295 | - | - |
| Change in cash | - | -€63,562 | -€41,834 | €133,502 | -€136,344 | ▼ 202% |
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
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €111,379
Net result €111,379 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €201,115 ▲124%
Equity rises from €89,736 to €201,115.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€63,473
Net result drops to -€63,473, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
31-12
Financial
Liquidity times 7current ratio 30.15
Current ratio from 4.47 to 30.15; short-term debt falls from €59,319 to €5,516.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Equity above €200,000Eq €211,205 ▲7.2%
3 profitable years in a row build equity to €211,205.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Equity above €150,000Eq €196,991 ▲118%
2 profitable years in a row build equity to €196,991.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Hove · 1 establishment unit since 2017
Ground area
833 m²
Building footprint
190 m²
Parcel 11021B0288/00D000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pimaco
since 20172.261.247.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0288/00D000 | Flanders | 833 m² | 1 · 190 m² | 0.1 m |
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.
Similar companies · same sector, comparable size
Consolution
BE 0507.974.350
Bonheiden · Eq €18,600
Ignace Van Overbeke
BE 0543.429.731
Knokke-Heist · Eq €18,600
Grevant
BE 0562.793.010
Ronse · Eq €18,600
BRP Management Consulting
BE 0565.946.302
Edegem · Eq €18,600
SOLLERTIS CONSULT
BE 0589.962.809
Herentals · Eq €18,600
Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 7,170 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
Founded01-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
62900Other information technology and computer services
Contact
Website
www.pimaco.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670623554
Also
9925:BE0670623554
Registered
19-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.