PINAR & CO
ActiveSummary
PINAR & CO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €155k and a net result of €51k. Equity is growing by ~46% per year across the filed fiscal years. Its solvency ranks better than 77% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+3
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 3.75 against 3.29 in 2023; short-term debt: 19.1% and cash: 56.5% of total assets), and 19.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
15 d early
2022
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€155k▲ 48.9%
2023 · €104k
2022: €59klowest in 3 years
2023: €104k▲ +75.8% vs 2022
2024: €155k▲ +48.9% vs 2023highest in 3 years
2022 → 2024
Total assets
€192k▲ 32.0%
2023 · €145k
2022: €72klowest in 3 years
2023: €145k▲ +102% vs 2022
2024: €192k▲ +32.0% vs 2023highest in 3 years
2022 → 2024
Net result
€51k▼ 9.9%
2023 · €57k
2022: €56k
2023: €57k▲ +0.5% vs 2022highest in 3 years
2024: €51k▼ -9.9% vs 2023lowest in 3 years
2022 → 2024
Working capital
€101k▲ 7.5%
2023 · €94k
2022: €53klowest in 3 years
2023: €94k▲ +77.6% vs 2022
2024: €101k▲ +7.5% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€59k-€104k▲ 75.8%€155k▲ 48.9%
2022: €59klowest in 3 years
2023: €104k▲ +75.8% vs 2022
2024: €155k▲ +48.9% vs 2023highest in 3 years
Operating result€58k-€72k▲ 25.9%€65k▼ 10.7%
2022: €58klowest in 3 years
2023: €72k▲ +25.9% vs 2022highest in 3 years
2024: €65k▼ -10.7% vs 2023
Net result€56k-€57k▲ 0.5%€51k▼ 9.9%
2022: €56k
2023: €57k▲ +0.5% vs 2022highest in 3 years
2024: €51k▼ -9.9% vs 2023lowest in 3 years
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 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €192k
Fixed assets
€55k ▲ 401%
Current assets
€137k ▲ 2.1%
Equity and liabilities €192k
Equity
€155k ▲ 48.9%
Debt
€37k ▼ 10.9%
Debt's share of the balance-sheet total falls from 28.3% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▼
2023 · €74k
Cash flow
€57k▼
2023 · €58k
Current ratio
3.75▲
2023 · 3.29
Debt to equity
0.24▼
2023 · 0.39
ROE
32.8%▼
2023 · 54.3%
ROA
26.6%▼
2023 · 39.0%
Interest coverage
84.01▲
2023 · 67.72
Debt ≤ 1 year
€37k▼
2023 · €41k
Income taxes
€14k▼
2023 · €15k
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 · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€145k€192k▲
Fixed assets21/28€11k€55k▲
Tangible fixed assets22/27€11k€54k▲
Plant, machinery and equipment23€6k€50k▲
Furniture and vehicles24€5k€4k▼
Financial fixed assets28€400€400=
Current assets29/58€135k€137k▲
Amounts receivable within one year40/41€28k€29k▲
Trade receivables40€28k€29k▲
Cash at bank and in hand54/58€106k€109k▲
Equity and liabilities
Total equity and liabilities10/49€145k€192k▲
Equity10/15€104k€155k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€101k€152k▲
Amounts payable17/49€41k€37k▼
Amounts payable within one year42/48€41k€37k▼
Trade debts44€4k€722▼
Suppliers440/4€4k€722▼
Taxes, remuneration and social security45€33k€35k▲
Taxes450/3€33k€35k▲
Other amounts payable47/48€4k€1k▼
Accrued charges and deferred income492/3€200€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€6k▲
Other operating charges640/8€441€632▲
Gross operating margin9900€75k€71k▼
Operating profit (loss)9901€72k€65k▼
Financial income75/76B€17€761▲
Recurring financial income75€17€761▲
Financial charges65/66B€1k€839▼
Recurring financial charges65€1k€839▼
Profit (loss) for the period before taxes9903€71k€65k▼
Income taxes67/77€15k€14k▼
Profit (loss) for the period9904€57k€51k▼
Profit (loss) for the period to be appropriated9905€57k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€101k€152k▲
Profit (loss) brought forward from the previous period14P€45k€101k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €356 | €2k | €6k | ▲ 250% |
| Other operating charges640/8 | €320 | €441 | €632 | ▲ 43.4% |
| Gross operating margin9900 | €58k | €75k | €71k | ▼ 4.6% |
| Operating profit (loss)9901 | €58k | €72k | €65k | ▼ 10.7% |
| Financial income75/76B | - | €17 | €761 | ▲ 4,342% |
| Recurring financial income75 | - | €17 | €761 | ▲ 4,342% |
| Financial charges65/66B | €1k | €1k | €839 | ▼ 23.4% |
| Recurring financial charges65 | €1k | €1k | €839 | ▼ 23.4% |
| Profit (loss) for the period before taxes9903 | €56k | €71k | €65k | ▼ 9.5% |
| Income taxes67/77 | - | €15k | €14k | ▼ 7.7% |
| Profit (loss) for the period9904 | €56k | €57k | €51k | ▼ 9.9% |
| Profit (loss) for the period to be appropriated9905 | €56k | €57k | €51k | ▼ 9.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €72k | €145k | €192k | ▲ 32.0% |
| Fixed assets21/28 | €7k | €11k | €55k | ▲ 401% |
| Tangible fixed assets22/27 | €6k | €11k | €54k | ▲ 417% |
| Plant, machinery and equipment23 | €4k | €6k | €50k | ▲ 790% |
| Furniture and vehicles24 | €2k | €5k | €4k | ▼ 14.0% |
| Financial fixed assets28 | €400 | €400 | €400 | = |
| Current assets29/58 | €65k | €135k | €137k | ▲ 2.1% |
| Amounts receivable within one year40/41 | €27k | €28k | €29k | ▲ 2.0% |
| Trade receivables40 | €27k | €28k | €29k | ▲ 2.0% |
| Cash at bank and in hand54/58 | €39k | €106k | €109k | ▲ 2.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €72k | €145k | €192k | ▲ 32.0% |
| Equity10/15 | €59k | €104k | €155k | ▲ 48.9% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €56k | €101k | €152k | ▲ 50.4% |
| Amounts payable17/49 | €12k | €41k | €37k | ▼ 10.9% |
| Amounts payable within one year42/48 | €12k | €41k | €37k | ▼ 10.4% |
| Trade debts44 | €4k | €4k | €722 | ▼ 79.8% |
| Suppliers440/4 | €4k | €4k | €722 | ▼ 79.8% |
| Taxes, remuneration and social security45 | €6k | €33k | €35k | ▲ 4.9% |
| Taxes450/3 | €6k | €33k | €35k | ▲ 4.9% |
| Other amounts payable47/48 | €2k | €4k | €1k | ▼ 73.2% |
| Accrued charges and deferred income492/3 | - | €200 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €57k | €51k | ▼ 9.9% |
| + Depreciation and write-downs630 | €356 | €2k | €6k | ▲ 250% |
| Operating cash flow (approximation) | €57k | €58k | €57k | ▼ 2.6% |
| Investment in fixed assets (approximation) | - | €-6k | €-50k | ▼ 740% |
| Change in cash | - | €68k | €2k | ▼ 96.7% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €51k ▼9.9%
Net result drops to €51k, the lowest in the series.
31-12
Financial
Equity above €150kEq €155k ▲48.9%
3 profitable years in a row build equity to €155k.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €57k ▲0.5%
Operating result €72k, net result €57k, both a record.
31-12
Financial
Equity above €100kEq €104k ▲75.8%
2 profitable years in a row build equity to €104k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Bonheiden · 1 establishment unit since 2021
Ground area
1,702 m²
Building footprint
112 m²
Volume, LiDAR
616 m³
Parcel 12005C0174/00D002, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PINAR & CO
since 20212.324.967.264
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005C0174/00D002 | Flanders | 1,702 m² | 1 · 112 m² | 5.9 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,766 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
Founded10-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.