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PIMM Engineering

Active
Private limited companyfounded 1989active for 37 yearsSchaapschuur 4, 1790 Affligem, Belgium12 active companies are registered at this addressKBO/BCE: BE 0438.468.506
Summary

The computed 12-month bankruptcy probability of PIMM Engineering is 2.2% (moderate). The 2025 annual accounts show negative equity (-€68,380) and a net result of -€71,207. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 171 sector peers (NACE 26, financial year 2025). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of computer, electronic and optical products
NACE 26400Engineering and related technical consultancy, excluding land surveyors NACE 71121
1 site
Size
€1.8mtotal assets 2025
Staff
11.3 FTE
Equity
-€68,380
Loss
-€71,207
Financial health
50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.2%
Structure
Accounts filed 60 days late0 of 6 deeds read
Why 50raises riskNegative equity -€68,380Liquidity: current ratio 0.61, cash €5,449Latest accounts 60 days late; 2 of the last 3 latelowers riskFounded in 1989Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 8% of its sector peers (NACE 26, small)
Financial strength · tick = 2024
Weak
Solvency 21-4
equity -3.7% of total assets
Liquidity 1-17
short-term debt 89.0% · cash 0.3%
Profitability 25+25
return on assets -3.9%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (115 companies, NACE 26, small)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.2 percentage points vs 06-2025 08-2025: 0.5%▼ -0.6 percentage points vs 07-2025lowest value 09-2025: 0.5%● unchanged vs 08-2025lowest value 10-2025: 0.5%● unchanged vs 09-2025lowest value 11-2025: 0.5%● unchanged vs 10-2025lowest value 12-2025: 0.5%● unchanged vs 11-2025lowest value 01-2026: 0.5%● unchanged vs 12-2025lowest value 02-2026: 2.4%▲ +1.9 percentage points vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.4%● unchanged vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.3%▼ -0.1 percentage points vs 05-2026 07-2026: 2.4%▲ +0.1 percentage points vs 06-2026 08-2026: 3.1%▲ +0.7 percentage points vs 07-2026 09-2026: 3.3%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 2.2%▼ -1.1 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.61, compared with 0.69 in 2024, below 1; short-term debt: 89% and cash: 0.3% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 26, small): better than 5% on solvency, 2% on liquidity, 24% on profitability and 2% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€68,380
NBB · annual accounts
raises risk · Liquidity: current ratio 0.61, cash €5,449
NBB · annual accounts
raises risk · Latest accounts 60 days late; 2 of the last 3 late
NBB · filings
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€68,380
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filings
Deviation from the deadline
2025
60 days late
2024
2 days early
2023
12 days early
2022
52 days early
2021
10 days early
2020
11 days early
2019
7 days 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 5 days before the deadline; the sector median (NACE 26) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 July (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€68,380 View
  • Caution: Among the weakest 10% on equitysector median €2.6m · 171 companies -€68,380 View
  • Positive: Result rose in 2025from -€316,644 to -€71,207 ▲ 77.5% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€71,207 View
  • Flemish supportawarded from 2022 to 2025 €221,986 View

By topic

Financials

Financial year
2025
Total assets
€1.8m
Loss
-€71,207
Solvency
-3.7%
Go to Financials

Timeline

Events
41
Since
1991
Next accounts
by 31-07-2027
  1. 31-12-2024Weakest financial year
  2. 19-07-2024Annual accounts filed
  3. 09-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of computer, electronic and optical productsNACE 26400
Founded
21-09-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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