Pine

Active Public limited companyfounded 2019active for 7 yearsLeuvenstraat 3, 2000 AntwerpKBO/BCE: BE 0727.730.424

Pine

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 13-04-2026, 109 days before the deadline

-€495

▼ €220,194

-€1,614

▼ €219,746

€1,179

▼ 99.1%

€1.1m

▲ 0.1%

96.8%

▲ 3.0 percentage points

29.45

▲ 14.23

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €1.2m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020
Balance sheet: assets
`20/58`	1.2m	1.2m	2.3m	2.2m	2.8m	2.5m
`21/28`	70,000	70,000	70,000	70,000	70,000	91,750
`28`	70,000	70,000	70,000	70,000	70,000	91,750
`29/58`	1.1m	1.2m	2.2m	2.2m	2.7m	2.4m
`29`	473,857	498,857	495,370	255,245	383,000	200,000
`291`	473,857	498,857	495,370	255,245	383,000	200,000
`3`	542,567	542,567	957,978	1.6m	1.9m	906,594
`30/36`	542,567	542,567	957,978	1.6m	1.9m	906,594
`40/41`	11,087	36,929	11,087	11,087	296,714	732,082
`40`	9,763	35,605	9,763	9,763	295,390	726,308
`41`	1,324	1,324	1,324	1,324	1,324	5,774
`54/58`	74,276	65,169	180,189	260,411	155,389	75,890
`490/1`	20,146	15,296	596,935	6,838	3,267	445,100
Balance sheet: equity and liabilities
`10/49`	1.2m	1.2m	2.3m	2.2m	2.8m	2.5m
`10/15`	1.2m	1.2m	1.0m	642,504	511,507	619,505
`10/11`	300,000	300,000	300,000	300,000	300,000	300,000
`10`	300,000	300,000	300,000	300,000	300,000	-
`100`	300,000	300,000	300,000	300,000	300,000	300,000
`13`	853,837	852,658	716,769	342,504	211,507	319,505
`130/1`	30,000	30,000	30,000	22,525	-	-
`130`	30,000	30,000	30,000	22,525	-	-
`133`	823,837	822,658	686,769	319,979	211,507	319,505
`17/49`	38,097	76,160	1.3m	1.6m	2.3m	1.8m
`17`	-	0	657,850	814,650	1.2m	793,924
`170/4`	-	0	657,850	814,650	1.2m	793,924
`42/48`	38,097	76,160	559,405	665,002	1.0m	967,494
`43`	0	34,477	413,000	653,000	875,000	843,313
`430/8`	0	34,477	413,000	653,000	875,000	843,313
`44`	998	1,023	-	0	161	11,920
`440/4`	998	1,023	-	0	161	11,920
`45`	19,268	19,010	124,755	8,171	128,449	112,261
`450/3`	19,268	19,010	124,755	8,171	128,449	112,261
`47/48`	17,830	21,651	21,651	3,831	17,510	-
`492/3`	-	0	77,536	123,426	100,107	70,493
Income statement
`9900`	-495	219,699	586,268	213,944	2,703	535,212
`630`	-	-	-	-	0	3,162
`640/8`	1,118	1,566	1,459	3,360	11,170	1,250
`9901`	-1,614	218,133	584,809	210,583	-8,467	530,800
`75/76B`	5,371	6,743	3,397	3,571	3,371	19
`75`	5,371	6,743	3,397	3,571	3,371	19
`65/66B`	2,164	31,470	89,186	75,491	102,901	90,044
`65`	2,164	31,470	89,186	75,491	102,901	90,044
`9903`	1,593	193,406	499,019	138,664	-107,997	440,775
`67/77`	415	57,516	124,755	7,667	0	121,270
`9904`	1,179	135,889	374,264	130,997	-107,997	319,505
`9905`	1,179	135,889	374,264	130,997	-107,997	319,505
Appropriation of the result
`9906`	1,179	135,889	374,264	130,997	-107,997	319,505
`791/2`	-	-	-	0	107,997	-
`691/2`	1,179	135,889	374,264	130,997	0	319,505
`6920`	-	0	7,475	22,525	-	-
`6921`	1,179	135,889	366,790	108,472	0	319,505
Document	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 13-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	13-04-2026	2026-00078537	PDF
31-12-2024	abbreviated format	31-07-2025	2025-00344374	PDF
31-12-2023	abbreviated format	18-06-2024	2024-00139592	PDF
31-12-2022	abbreviated format	20-07-2023	2023-00255961	PDF
31-12-2021	abbreviated format	25-07-2022	2022-20218449	PDF
31-12-2020	abbreviated format	19-07-2021	2021-36900319	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020
-	-	-	-	-8,467	533,962
-	-	-	-	-107,997	322,667
-	-	-	-	-21,750	94,912
9,107	-115,021	-80,221	105,022	79,499	-
1.1m	1.1m	1.7m	1.5m	1.7m	1.4m
96.8%	93.8%	44.0%	28.6%	18.3%	25.3%
29.45	15.22	4.01	3.27	2.67	2.44
15.21	8.09	2.29	0.80	0.82	1.50
0.03	0.07	1.27	2.50	4.47	2.96
0.1%	11.8%	36.8%	20.4%	-21.1%	51.6%
0.1%	11.1%	16.2%	5.8%	-3.9%	13.0%
-	-	-	-	-0.08	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	-	-	-	€1.1m	€1.5m
Mortgages, amount registered	-	-	€80,000	-	€77,500
	-	-	€1.2m	-	€1.2m
Carrying value of the mortgaged assets	-	-	€936,621	-	€1.9m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Insights on Pine

The operating result for 2025 is a loss of €1,614, after a profit of €218,133 in 2024. It is the lowest result since 2021.

Debt's share of the balance-sheet total falls from 6.2% to 3.2%. Equity is higher and debt is lower.

Next steps

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