Pinac
ActiveSummary
Pinac has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €55k. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 74% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.78 against 4.43 in 2024; short-term debt: 22.6% and cash: 79.6% of total assets), and 22.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.4%
Return on assets
73.4%
Age of the figures
9 mo
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 13-05-2026, 79 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
79 d early
2024
29 d late
2023
1 d early
2022
28 d early
2021
34 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€58k▼ 38.7%
2024 · €95k
2021: €24klowest in 5 years
2022: €40k▲ +69.2% vs 2021
2023: €58k▲ +43.2% vs 2022
2024: €95k▲ +65.4% vs 2023highest in 5 years
2025: €58k▼ -38.7% vs 2024
2021 → 2025
Total assets
€75k▼ 36.8%
2024 · €119k
2021: €46klowest in 5 years
2022: €71k▲ +54.3% vs 2021
2023: €81k▲ +14.8% vs 2022
2024: €119k▲ +46.9% vs 2023highest in 5 years
2025: €75k▼ -36.8% vs 2024
2021 → 2025
Net result
€55k▲ 47.1%
2024 · €38k
2021: €21k
2022: €16k▼ -20.8% vs 2021lowest in 5 years
2023: €17k▲ +5.6% vs 2022
2024: €38k▲ +117% vs 2023
2025: €55k▲ +47.1% vs 2024highest in 5 years
2021 → 2025
Working capital
€47k▼ 43.0%
2024 · €83k
2021: €15klowest in 5 years
2022: €30k▲ +102% vs 2021
2023: €44k▲ +46.6% vs 2022
2024: €83k▲ +89.8% vs 2023highest in 5 years
2025: €47k▼ -43.0% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€40k▲ 69.2%€58k▲ 43.2%€95k▲ 65.4%€58k▼ 38.7%
2021: €24klowest in 5 years
2022: €40k▲ +69.2% vs 2021
2023: €58k▲ +43.2% vs 2022
2024: €95k▲ +65.4% vs 2023highest in 5 years
2025: €58k▼ -38.7% vs 2024
Operating result€29k-€26k▼ 11.4%€30k▲ 16.1%€54k▲ 81.3%€75k▲ 39.3%
2021: €29k
2022: €26k▼ -11.4% vs 2021lowest in 5 years
2023: €30k▲ +16.1% vs 2022
2024: €54k▲ +81.3% vs 2023
2025: €75k▲ +39.3% vs 2024highest in 5 years
Net result€21k-€16k▼ 20.8%€17k▲ 5.6%€38k▲ 117%€55k▲ 47.1%
2021: €21k
2022: €16k▼ -20.8% vs 2021lowest in 5 years
2023: €17k▲ +5.6% vs 2022
2024: €38k▲ +117% vs 2023
2025: €55k▲ +47.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€11k ▼ 9.1%
Current assets
€64k ▼ 40.0%
Equity and liabilities €75k
Equity
€58k ▼ 38.7%
Debt
€17k ▼ 29.5%
Debt's share of the balance-sheet total rises from 20.3% to 22.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79k▲
2024 · €57k
Cash flow
€59k▲
2024 · €41k
Current ratio
3.78▼
2024 · 4.43
Debt to equity
0.29▲
2024 · 0.25
ROE
94.9%▲
2024 · 39.6%
ROA
73.4%▲
2024 · 31.5%
Interest coverage
26.65▲
2024 · 15.15
Debt ≤ 1 year
€17k▼
2024 · €24k
Income taxes
€17k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€119k€75k▼
Fixed assets21/28€12k€11k▼
Tangible fixed assets22/27€12k€11k▼
Plant, machinery and equipment23€3k€3k▲
Furniture and vehicles24€9k€8k▼
Current assets29/58€107k€64k▼
Amounts receivable within one year40/41€53k€806▼
Trade receivables40€208€806▲
Other amounts receivable41€53k-
Cash at bank and in hand54/58€50k€60k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€119k€75k▼
Equity10/15€95k€58k▼
Contributions10/11€3k€3k=
Reserves13€92k€55k▼
Distributable reserves133€92k€55k▼
Amounts payable17/49€24k€17k▼
Amounts payable within one year42/48€24k€17k▼
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Taxes, remuneration and social security45€18k€11k▼
Taxes450/3€18k€11k▼
Other amounts payable47/48-€746
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A-€8
Gross operating margin9900€62k€84k▲
Operating profit (loss)9901€54k€75k▲
Financial income75/76B€11€415▲
Recurring financial income75€11€415▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€50k€73k▲
Income taxes67/77€12k€17k▲
Profit (loss) for the period9904€38k€55k▲
Profit (loss) for the period to be appropriated9905€38k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€55k▲
Transfer from equity791/2-€92k
Transfer to equity691/2€38k€55k▲
To other reserves6921€38k€55k▲
Profit to be distributed694/7-€92k
Return on contributions (dividend)694-€92k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €3k | €3k | €3k | ▼ 0.3% |
| Other operating charges640/8 | €4k | €6k | €4k | €4k | €5k | ▲ 19.5% |
| Non-recurring operating charges66A | - | - | - | - | €8 | - |
| Gross operating margin9900 | €36k | €34k | €37k | €62k | €84k | ▲ 35.8% |
| Operating profit (loss)9901 | €29k | €26k | €30k | €54k | €75k | ▲ 39.3% |
| Financial income75/76B | €0 | €168 | €2 | €11 | €415 | ▲ 3,636% |
| Recurring financial income75 | €0 | €168 | €2 | €11 | €415 | ▲ 3,636% |
| Financial charges65/66B | €69 | €1k | €4k | €4k | €3k | ▼ 22.1% |
| Recurring financial charges65 | €69 | €1k | €4k | €4k | €3k | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €29k | €24k | €26k | €50k | €73k | ▲ 44.8% |
| Income taxes67/77 | €8k | €8k | €8k | €12k | €17k | ▲ 37.7% |
| Profit (loss) for the period9904 | €21k | €16k | €17k | €38k | €55k | ▲ 47.1% |
| Profit (loss) for the period to be appropriated9905 | €21k | €16k | €17k | €38k | €55k | ▲ 47.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46k | €71k | €81k | €119k | €75k | ▼ 36.8% |
| Formation expenses20 | €83 | - | - | - | - | - |
| Fixed assets21/28 | €9k | €10k | €14k | €12k | €11k | ▼ 9.1% |
| Tangible fixed assets22/27 | €9k | €10k | €14k | €12k | €11k | ▼ 9.1% |
| Plant, machinery and equipment23 | €2k | €3k | €3k | €3k | €3k | ▲ 5.2% |
| Furniture and vehicles24 | €7k | €7k | €11k | €9k | €8k | ▼ 13.4% |
| Current assets29/58 | €37k | €60k | €67k | €107k | €64k | ▼ 40.0% |
| Amounts receivable after more than one year29 | - | €30k | €30k | - | - | - |
| Other amounts receivable291 | - | €30k | €30k | - | - | - |
| Amounts receivable within one year40/41 | €2k | €4k | €3k | €53k | €806 | ▼ 98.5% |
| Trade receivables40 | - | €2k | - | €208 | €806 | ▲ 287% |
| Other amounts receivable41 | €2k | €3k | €3k | €53k | - | - |
| Cash at bank and in hand54/58 | €34k | €22k | €31k | €50k | €60k | ▲ 19.2% |
| Deferred charges and accrued income490/1 | €1k | €4k | €4k | €3k | €3k | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46k | €71k | €81k | €119k | €75k | ▼ 36.8% |
| Equity10/15 | €24k | €40k | €58k | €95k | €58k | ▼ 38.7% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €21k | €37k | €55k | €92k | €55k | ▼ 39.9% |
| Distributable reserves133 | €21k | €37k | €55k | €92k | €55k | ▼ 39.9% |
| Amounts payable17/49 | €22k | €31k | €24k | €24k | €17k | ▼ 29.5% |
| Amounts payable within one year42/48 | €22k | €31k | €24k | €24k | €17k | ▼ 29.5% |
| Trade debts44 | €7k | €7k | €7k | €6k | €6k | ▼ 6.6% |
| Suppliers440/4 | €7k | €7k | €7k | €6k | €6k | ▼ 6.6% |
| Taxes, remuneration and social security45 | €15k | €24k | €17k | €18k | €11k | ▼ 41.4% |
| Taxes450/3 | €15k | €24k | €17k | €18k | €11k | ▼ 41.4% |
| Other amounts payable47/48 | - | - | - | - | €746 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €16k | €17k | €38k | €55k | ▲ 47.1% |
| + Depreciation and write-downs630 | €3k | €2k | €3k | €3k | €3k | ▼ 0.3% |
| Operating cash flow (approximation) | €24k | €19k | €20k | €41k | €59k | ▲ 43.1% |
| Investment in fixed assets (approximation) | - | €-4k | €-7k | €-2k | €-2k | ▼ 27.5% |
| Change in cash | - | €-11k | €8k | €20k | €10k | ▼ 51.1% |
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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €55k ▲47.1%
Operating result €75k, net result €55k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €16k ▼20.8%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Leuven · 1 establishment unit since 2020
Ground area
206 m²
Building footprint
97 m²
Volume, LiDAR
708 m³
Parcel 24483E0236/00X005, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pinac
since 20202.311.260.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24483E0236/00X005 | Flanders | 206 m² | 1 · 97 m² | 11.8 m · 3 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 22,056 companies in sector 69101 we hold annual accounts for 9,055. 7,324 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
Founded23-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
69109Other legal services
Scores and ratios are computed by Checked and are not a credit decision.