PIMAPOL
ActiveSummary
PIMAPOL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €68k and a net result of €-891. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▼-43
Solvency100▲+14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 5.63 against 2.22 in 2023; short-term debt: 16% and cash: 19.3% of total assets), and 16% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
84%
Return on assets
-1.1%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
39 d late
2023
56 d late
2022
24 d late
2021
65 d late
2020
53 d late
2019
98 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-891
2023 · €20k
Working capital
€59k▲ 11.6%
2023 · €53k
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€-14k€25k€7k▼ 72.6%€26k▲ 271%€3k▼ 87.0%
Net result€-16k€21k€5k▼ 75.9%€20k▲ 301%€-891
Equity€22k▼ 41.6%€43k▲ 94.8%€48k▲ 11.7%€68k▲ 42.1%€68k▼ 1.3%
Total assets€72k▼ 14.6%€92k▲ 27.7%€69k▼ 24.9%€112k▲ 62.2%€80k▼ 28.3%
Debt€50k▲ 7.4%€49k▼ 2.1%€21k▼ 57.2%€44k▲ 109%€13k▼ 70.6%
Working capital€16k▼ 36.5%€33k▲ 104%€35k▲ 5.8%€53k▲ 52.0%€59k▲ 11.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 87% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80k
Fixed assets
€8k ▼ 46.6%
Current assets
€72k ▼ 25.4%
Equity and liabilities €80k
Equity
€68k ▼ 1.3%
Debt
€13k ▼ 70.6%
Debt's share of the balance-sheet total falls from 38.9% to 16.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▼
2023 · €33k
Cash flow
€8k▼
2023 · €27k
Current ratio
5.63▲
2023 · 2.22
Debt to equity
0.19▼
2023 · 0.64
ROE
-1.3%▼
2023 · 29.6%
ROA
-1.1%▼
2023 · 18.1%
Interest coverage
3.67▼
2023 · 34.97
Debt ≤ 1 year
€13k▼
2023 · €44k
Income taxes
€1k▼
2023 · €5k
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 | - | €2k | - | €9k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €8k | €7k | €7k | €9k | ▲ 22.9% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €4k | ▲ 142% |
| Gross operating margin9900 | €2k | €35k | €15k | €35k | €16k | ▼ 52.8% |
| Operating profit (loss)9901 | €-14k | €25k | €7k | €26k | €3k | ▼ 87.0% |
| Financial income75/76B | - | €19 | €702 | €72 | €162 | ▲ 123% |
| Recurring financial income75 | €39 | €19 | €702 | €72 | €162 | ▲ 123% |
| Financial charges65/66B | - | €633 | €588 | €941 | €3k | ▲ 250% |
| Recurring financial charges65 | €1k | €633 | €588 | €941 | €3k | ▲ 250% |
| Profit (loss) for the period before taxes9903 | €-15k | €25k | €7k | €25k | €218 | ▼ 99.1% |
| Income taxes67/77 | €251 | €4k | €2k | €5k | €1k | ▼ 76.4% |
| Profit (loss) for the period9904 | €-16k | €21k | €5k | €20k | €-891 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €21k | €5k | €20k | €-891 | ▼ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72k | €92k | €69k | €112k | €80k | ▼ 28.3% |
| Fixed assets21/28 | €22k | €15k | €13k | €15k | €8k | ▼ 46.6% |
| Tangible fixed assets22/27 | €22k | €15k | €13k | €15k | €8k | ▼ 46.6% |
| Plant, machinery and equipment23 | - | €751 | €424 | €446 | €217 | ▼ 51.3% |
| Furniture and vehicles24 | - | €14k | €13k | €15k | €8k | ▼ 46.4% |
| Current assets29/58 | €50k | €77k | €56k | €97k | €72k | ▼ 25.4% |
| Amounts receivable within one year40/41 | €32k | €50k | €41k | €55k | €49k | ▼ 10.1% |
| Trade receivables40 | - | €48k | €39k | €55k | €46k | ▼ 14.9% |
| Other amounts receivable41 | - | €1k | €2k | €515 | €3k | ▲ 493% |
| Cash at bank and in hand54/58 | €15k | €26k | €13k | €30k | €16k | ▼ 48.0% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €12k | €7k | ▼ 39.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72k | €92k | €69k | €112k | €80k | ▼ 28.3% |
| Equity10/15 | €22k | €43k | €48k | €68k | €68k | ▼ 1.3% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €14k | €35k | €40k | €60k | €59k | ▼ 1.5% |
| Amounts payable17/49 | €50k | €49k | €21k | €44k | €13k | ▼ 70.6% |
| Amounts payable after more than one year17 | €16k | €5k | - | - | - | - |
| Financial debts170/4 | - | €5k | - | - | - | - |
| Amounts payable within one year42/48 | €34k | €44k | €21k | €44k | €13k | ▼ 70.6% |
| Current portion of amounts payable after more than one year42 | - | €6k | €5k | - | - | - |
| Trade debts44 | €21k | €26k | €637 | €39k | €12k | ▼ 69.7% |
| Suppliers440/4 | - | €26k | €637 | €39k | €12k | ▼ 69.7% |
| Taxes, remuneration and social security45 | - | €9k | €10k | €5k | €1k | ▼ 76.4% |
| Taxes450/3 | - | €6k | €8k | €5k | €1k | ▼ 76.4% |
| Remuneration and social security454/9 | - | €3k | €2k | - | - | - |
| Other amounts payable47/48 | - | €4k | €5k | €320 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €12 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €21k | €5k | €20k | €-891 | ▼ 104% |
| + Depreciation and write-downs630 | €14k | €8k | €7k | €7k | €9k | ▲ 22.9% |
| Operating cash flow (approximation) | €-2k | €29k | €12k | €27k | €8k | ▼ 71.4% |
| Investment in fixed assets (approximation) | - | €-1k | €-5k | €-9k | €-2k | ▲ 82.0% |
| Change in cash | - | €10k | €-12k | €16k | €-14k | ▼ 187% |
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
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 5.63
Current ratio from 2.22 to 5.63; short-term debt falls from €44k to €13k.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 51 days late
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 141 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Wavre · 1 establishment unit since 2012
Ground area
794 m²
Building footprint
156 m²
Volume, LiDAR
788 m³
Parcel 25055B0003/00R000, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pimapol
since 20122.207.070.593
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055B0003/00R000 | Wallonia | 794 m² | 1 · 156 m² | 6.3 m · 2 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 15,521 companies in sector 43990 we hold annual accounts for 7,414. 6,203 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 (pre-2019)
Founded21-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.