PINE APPLE
ActiveSummary
PINE APPLE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €694,287 and a net result of -€36,777. Equity is shrinking by ~3.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▲+11
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 1.57 in 2024; short-term debt: 3.5% and cash: 0% of total assets), and 8.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
91.9%
Return on assets
-4.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€36,777
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
39 d late
2023
27 d late
2022
24 d late
2021
23 d late
2020
26 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 26 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€36,777▼ 17.0%
2024 · -€31,443
Working capital
-€1,381
2024 · €14,597
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€28,885▲ 18.5%-€35,062▼ 21.4%-€37,782▼ 7.8%-€38,389▼ 1.6%-€43,827▼ 14.2%
Net result-€21,876▲ 22.9%-€28,064▼ 28.3%-€30,789▼ 9.7%-€31,443▼ 2.1%-€36,777▼ 17.0%
Equity€821,360▼ 2.6%€793,296▼ 3.4%€762,507▼ 3.9%€731,064▼ 4.1%€694,287▼ 5.0%
Total assets€884,073▼ 3.3%€856,135▼ 3.2%€826,131▼ 3.5%€798,179▼ 3.4%€755,152▼ 5.4%
Debt€28▼ 96.8%€7,205▲ 25,225%€15,041▲ 109%€25,581▲ 70.1%€26,381▲ 3.1%
Working capital€42,496▼ 2.5%€35,231▼ 17.1%€25,241▼ 28.4%€14,597▼ 42.2%-€1,381
Staff (FTE)0
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43,827 in 2025 against €38,389 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €755,152
Fixed assets
€730,152 ▼ 3.7%
Current assets
€25,000 ▼ 37.8%
Equity and liabilities €755,152
Equity
€694,287 ▼ 5.0%
Provisions
€34,484 ▼ 17.0%
Debt
€26,381 ▲ 3.1%
Debt's share of the balance-sheet total rises from 3.2% to 3.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€15,978▼
2024 · -€10,540
Cash flow
-€8,928▼
2024 · -€3,594
Current ratio
0.95▼
2024 · 1.57
Debt to equity
0.04▲
2024 · 0.03
ROE
-5.3%▼
2024 · -4.3%
ROA
-4.9%▼
2024 · -3.9%
Debt ≤ 1 year
€26,381▲
2024 · €25,581
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,849 | €27,849 | €27,849 | €27,849 | €27,849 | = |
| Other operating charges640/8 | €101 | €7,176 | €7,974 | €9,324 | €14,461 | ▲ 55.1% |
| Gross operating margin9900 | -€935 | -€37 | -€1,959 | -€1,216 | -€1,517 | ▼ 24.8% |
| Operating profit (loss)9901 | -€28,885 | -€35,062 | -€37,782 | -€38,389 | -€43,827 | ▼ 14.2% |
| Financial charges65/66B | €41 | €52 | €57 | €104 | €0 | ▼ 100% |
| Recurring financial charges65 | €41 | €52 | €57 | €104 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€28,926 | -€35,114 | -€37,839 | -€38,493 | -€43,827 | ▼ 13.9% |
| Transfer from deferred taxes780 | €7,050 | €7,050 | €7,050 | €7,050 | €7,050 | = |
| Profit (loss) for the period9904 | -€21,876 | -€28,064 | -€30,789 | -€31,443 | -€36,777 | ▼ 17.0% |
| Transfer from tax-exempt reserves789 | €13,686 | €13,686 | €13,686 | €13,686 | €13,686 | = |
| Profit (loss) for the period to be appropriated9905 | -€8,190 | -€14,378 | -€17,104 | -€17,757 | -€23,091 | ▼ 30.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €884,073 | €856,135 | €826,131 | €798,179 | €755,152 | ▼ 5.4% |
| Fixed assets21/28 | €841,548 | €813,699 | €785,850 | €758,001 | €730,152 | ▼ 3.7% |
| Tangible fixed assets22/27 | €841,548 | €813,699 | €785,850 | €758,001 | €730,152 | ▼ 3.7% |
| Land and buildings22 | €841,548 | €813,699 | €785,850 | €758,001 | €730,152 | ▼ 3.7% |
| Plant, machinery and equipment23 | €0 | €0 | €0 | €0 | €0 | = |
| Current assets29/58 | €42,525 | €42,436 | €40,281 | €40,177 | €25,000 | ▼ 37.8% |
| Amounts receivable within one year40/41 | €27,135 | €27,098 | €25,000 | €25,000 | €25,000 | = |
| Trade receivables40 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Other amounts receivable41 | €2,135 | €2,098 | - | - | - | - |
| Cash at bank and in hand54/58 | €15,390 | €15,338 | €15,281 | €15,177 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €884,073 | €856,135 | €826,131 | €798,179 | €755,152 | ▼ 5.4% |
| Equity10/15 | €821,360 | €793,296 | €762,507 | €731,064 | €694,287 | ▼ 5.0% |
| Contributions10/11 | €961,273 | €961,273 | €961,273 | €961,273 | €961,273 | = |
| Capital10 | €961,273 | €961,273 | €961,273 | €961,273 | €961,273 | = |
| Issued capital100 | €961,273 | €961,273 | €961,273 | €961,273 | €961,273 | = |
| Reserves13 | €323,566 | €309,880 | €296,195 | €282,509 | €268,824 | ▼ 4.8% |
| Non-distributable reserves130/1 | €11,400 | €11,400 | €11,400 | €11,400 | €11,400 | = |
| Legal reserve130 | €11,400 | €11,400 | €11,400 | €11,400 | €11,400 | = |
| Tax-exempt reserves132 | €121,682 | €107,996 | €94,310 | €80,625 | €66,939 | ▼ 17.0% |
| Distributable reserves133 | €190,484 | €190,484 | €190,484 | €190,484 | €190,484 | = |
| Profit (loss) carried forward14 | -€463,479 | -€477,857 | -€494,961 | -€512,718 | -€535,809 | ▼ 4.5% |
| Provisions and deferred taxes16 | €62,684 | €55,634 | €48,584 | €41,534 | €34,484 | ▼ 17.0% |
| Deferred taxes168 | €62,684 | €55,634 | €48,584 | €41,534 | €34,484 | ▼ 17.0% |
| Amounts payable17/49 | €28 | €7,205 | €15,041 | €25,581 | €26,381 | ▲ 3.1% |
| Amounts payable within one year42/48 | €28 | €7,205 | €15,041 | €25,581 | €26,381 | ▲ 3.1% |
| Financial debts43 | €28 | €28 | - | - | - | - |
| Credit institutions430/8 | €28 | €28 | - | - | - | - |
| Trade debts44 | - | €7,176 | - | €10,540 | €5,244 | ▼ 50.2% |
| Suppliers440/4 | - | €7,176 | - | €10,540 | €5,244 | ▼ 50.2% |
| Other amounts payable47/48 | - | - | €15,041 | €15,041 | €21,137 | ▲ 40.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,876 | -€28,064 | -€30,789 | -€31,443 | -€36,777 | ▼ 17.0% |
| + Depreciation and write-downs630 | €27,849 | €27,849 | €27,849 | €27,849 | €27,849 | = |
| Operating cash flow (approximation) | €5,973 | -€215 | -€2,940 | -€3,594 | -€8,928 | ▼ 148% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€52 | -€57 | -€104 | -€15,177 | ▼ 14,520% |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 41 days late
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 39 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Liquidity times 30current ratio 1494.71
Current ratio from 49.61 to 1494.71; short-term debt falls from €896 to €28.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 7current ratio 1799.13
Current ratio from 261.16 to 1799.13; short-term debt falls from €222 to €28.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are 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, Antwerpen · 1 establishment unit since 1993
Ground area
9,856 m²
Building footprint
701 m²
Volume, LiDAR
5,290 m³
2 parcels, Flanders · tallest building 20.1 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
PINE APPLE NV
since 19932.062.352.632
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922B0112/00A000 | Flanders | 9,813 m² | 1 · 659 m² | 12.4 m · 2 fl. |
| 11804D0316/00_000 | Flanders | 43 m² | 1 · 43 m² | 20.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPublic limited company
Founded07-05-1993
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.