Equity
€82,800 ▲ 6.0%
PINA has made a profit without a break since 2023.
PINA
Lifetime
18 annual accounts with figures on one time axisGross marginpeak €93,820 (2016)
€26,076▼ 26.2%
Resultlowest -€30,624 (2021)
€4,688▼ 19.1%
Equitypeak €82,800 (2025)
€82,800▲ 6.0%
Debts
€170,902▼ 3.9%
Staffpeak 1.8 FTE (2015)
-not published
Board1 name since 2021
1 directorVERLINDEN Pieter
Documentsfilings and deeds
12-05-202612 days late
2025micro format
Gross margin from €35,337 to €26,076
Key points
from the 2025 annual accountsChecked score
63
Healthy
Financially stronger than 42% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 1.9%▼ -0.1 percentage points vs 12-2024
02-2025: 1.8%▼ -0.1 percentage points vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025
04-2025: 2.0%▲ +0.2 percentage points vs 03-2025
05-2025: 2.6%▲ +0.6 percentage points vs 04-2025highest value
06-2025: 1.6%▼ -1.0 percentage point vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 1.6%● unchanged vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.5%▼ -0.1 percentage points vs 02-2026
04-2026: 1.8%▲ +0.3 percentage points vs 03-2026
05-2026: 2.4%▲ +0.6 percentage points vs 04-2026
06-2026: 1.5%▼ -0.9 percentage points vs 05-2026
07-2026: 1.5%● unchanged vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026lowest value
11-2026: 1.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Last filed accounts filed 12 days late; 1 of the last 3 accounts late
Liquidity: current ratio 0.21, cash €1,682
lowers risk
Founded in 2007
Calculation
The band follows from the bankruptcy probability. 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 56, micro). It does better than 53% of them on solvency, 14% on liquidity, 51% on profitability and 51% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as PINA has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of PINA itself is higher: 1.5% within 12 months. It rests on far more data about PINA than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for PINA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.21 (0.15 in 2024), below 1. Short-term debt is 65% and cash 0.7% of total assets. 67.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 12 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-05-2026, 12 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
12 days late
2024
15 days late
2023
31 days late
2022
15 days late
2021
2 days late
2020
17 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 15 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end06-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0888297393
First establishment
't Barakske, D'Hoppe 7, Flobecq
Incorporation
published on 04-04-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| PINA Flobecq | €253,702 | €26,076 | 32.6% | - |
| JUCEDY Fleurus | €231,419 | €29,825 | -0.9% | - |
| ROSENOBEL Antwerp | €238,752 | €26,452 | 12.0% | - |
| PEPER Brasschaat | €279,388 | €29,096 | 47.5% | - |
| TIK-TAK Sint-Gillis (bij-Brussel) | €233,439 | €24,209 | 59.7% | - |
| BOBAZ Aalter | €233,080 | €24,947 | 51.6% | 0.1 |
| A.B.M.J. Ecaussinnes | €171,643 | €24,203 | 33.3% | - |
These companies have the same main activity as PINA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €172,000 and €279,000, founded between 2003 and 2009.
Official details
Source: KBO- Status
- Active since 20-03-2007Normal situation
- Activity
- Full-service restaurantsNACE 56111and 2 others
- Establishment unit
- 2.180.156.0637880 Flobecq, since 01-04-2007
- Financial year end
- 30 September
- Peppol
- Reachable since 20-10-2026
Insights on PINA
PINA files the micro format. That format states no turnover. The gross margin rose from €9,692 in 2008 to €26,076 in 2025.
The balance sheet grew most from 2013 to 2015 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PINA
- What is the company number of PINA?
- The company number of PINA is 0888.297.393. The VAT number is the same number with BE in front: BE 0888.297.393.
- Where is PINA based?
- The registered office is at D'Hoppe 7, 7880 Flobecq.Company details
- What does PINA do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of PINA?
- PINA is a private limited company (pre-2019) (BVBA).
- When was PINA founded?
- PINA was founded on 20-03-2007.
- Is PINA still active?
- Yes, PINA is an active enterprise in the KBO register.
- What is the turnover of PINA?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €26,076 and 60 comparable companies (NACE 56111). It probably lies between €99,000 and €170,000.Financials
- Is PINA profitable?
- In financial year 2025, PINA made a profit of €4,688.
- Where can I find the annual accounts of PINA?
- PINA filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PINA due?
- PINA must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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