Result
€176,120 ▼ 42.5%
The result fell in 2025 from €306,279 to €176,120.
PINDAKAAS
Lifetime
4 annual accounts with figures on one time axispeak €1.6m (2024)
€1.4m▼ 14.9%
lowest -€190,801 (2022)
€176,120▼ 42.5%
peak €655,633 (2025)
€655,633▲ 36.7%
€2.4m▼ 24.3%
peak 24.6 FTE (2024)
23 FTE▼ 6.5%
Board4 names since 2020
1 directorCurryworst
Documentsfilings and deeds
23-12-202539 days before the deadline
2025abbreviated format
Gross margin from €1.6m to €1.4mResult from €306,279 to €176,1202 directors appointed, 1 resignation 30-05Equity from €479,513 to €655,633Debts from €3.1m to €2.4m
Key points
from the 2025 annual accountsDebts
€2.4m 78% of the balance sheet
Financial debts 42%Suppliers 42%Taxes and wages 8%Other 7%
€1.2m of the debts are secured on the company's own assets. In 2022 that was €2.2m.
Securities
€1.2m
Pledge on the business, new in 2025. 1.8 times equity · not in the 2024 accounts.
Investments
€109,883 0.4 × depreciation
Green is investment, beige is depreciation. Machinery stands 41.1% higher than in 2024.
Staff
24 employees on 30-06-2025
In 2025, 32 people joined and 28 left.
Liquidity
0.89 was 1.46 in 2024
Short-term debts rose from €1.1m to €1.4m.
Checked score
72
Healthy
Financially stronger than 69% of small companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%highest value
01-2025: 1.3%▼ -1.3 percentage points vs 12-2024
02-2025: 0.7%▼ -0.6 percentage points vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.8%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%▲ +0.1 percentage points vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 1.0%▲ +0.1 percentage points vs 11-2025
01-2026: 0.5%▼ -0.5 percentage points vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.4%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2020
Size: 23 FTE, total assets €3.0m
lowers risk
Liquidity: current ratio 0.89, cash €763,212
Figures for financial year 2025 (filed on 25-12-2025)
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 47, small). It does better than 38% of them on solvency, 80% on liquidity, 70% on profitability and 88% on growth.
The bankruptcy probability was computed on 06-11-2026 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 30-06-2025.
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, 2,684 companies had the same profile as PINDAKAAS has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PINDAKAAS itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,684 companies, not a prediction for PINDAKAAS. 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 €45,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.89 (1.46 in 2024), below 1. Short-term debt is 44.9% and cash 25.3% of total assets. 78.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
39 days early
2024
1 day early
2023
49 days early
2022
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 15 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 11 January (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Board and ownership
- Curryworst 100%score 93equity €849,854 (2025) · 2025 annual accounts of Curryworst
Recent changes
2 directors appointed, 1 resignation
Resignation: BV TLM-INVEST · Permanent representatives: Thibaut Lemahieu, Benoit Dezutter and Jan Maes · Appointments: BV CURRYWORST and BV CARPET (day-to-day manager) · Board meeting of 12-03-2025 · Gazette deed
New director
TLM-INVEST appointed, Thibaut Lemahieu resigned · Permanent representative: Thibaut Lemahieu · Director discharge: Thibaut Lemahieu · General meeting of 17-10-2023 · Gazette deed
Registered office moved from Torhout to Ingelmunster
New registered office: Kortrijkstraat 114, 8770 Ingelmunster · Previous registered office: Rozeveldstraat 75, 8820 Torhout · Board meeting of 07-12-2022 · Gazette deed
First establishment
Albert Heijn, Kortrijkstraat 114, Ingelmunster
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PINDAKAAS Ingelmunster | €3.0m | €1.4m | 21.7% | 23 |
| Huyse Retail Moorslede | €2.7m | €1.2m | 15.2% | 22.3 |
| ADELTOING Antoing | €2.6m | €1.2m | 37.0% | 20.9 |
| MVR1 Wijnegem | €3.5m | €1.7m | 22.6% | 23.1 |
| FOODGHLIN Mons | €2.7m | €1.3m | -8.3% | 26.4 |
| Flanders Food Services 1 Aartselaar | €2.4m | €1.2m | 21.2% | 20.3 |
| INGAPA Ingelmunster | €3.1m | €1.5m | 8.1% | 15.6 |
These companies have the same main activity as PINDAKAAS: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €2.4m and €3.5m, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 07-12-2020Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 202.01Medium-sized food businesses · annual accounts 30-06-2025
- Establishment unit
- 2.312.156.1388770 Ingelmunster, since 05-05-2021
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- ≈ €9.3mestimated
- €3.0m▼ 16.1%
- Employeeson 30-06-2025
- 24▼ 11.1%
- Filing
- Filed on 23-12-2025, 39 days before the end of the filing period
Insights on PINDAKAAS
PINDAKAAS files the abbreviated format. That format states no turnover. The gross margin rose from €691,677 in 2022 to €1.4m in 2025.
Curryworst holds all the shares.
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 PINDAKAAS
- What is the company number of PINDAKAAS?
- The company number of PINDAKAAS is 0759.501.684. The VAT number is the same number with BE in front: BE 0759.501.684.
- Where is PINDAKAAS based?
- The registered office is at Kortrijkstraat 114, 8770 Ingelmunster.Company details
- What does PINDAKAAS do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of PINDAKAAS?
- PINDAKAAS is a private limited company (BV).
- When was PINDAKAAS founded?
- PINDAKAAS was founded on 07-12-2020.
- Is PINDAKAAS still active?
- Yes, PINDAKAAS is an active enterprise in the KBO register.
- How many employees does PINDAKAAS have?
- PINDAKAAS had an average of 23 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PINDAKAAS fall under?
- In its 30-06-2025 annual accounts, PINDAKAAS states joint committee 202.01 (Medium-sized food businesses).
- What is the turnover of PINDAKAAS?
- The turnover in financial year 2025 is ≈ €9.3m. This figure is estimated from the gross margin of €1.4m and 30 comparable companies (NACE 471). It probably lies between €5.7m and €11.0m.
- Is PINDAKAAS profitable?
- In financial year 2025, PINDAKAAS made a profit of €176,120.
- Where can I find the annual accounts of PINDAKAAS?
- PINDAKAAS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PINDAKAAS due?
- PINDAKAAS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.