Pine Creek

Active

Private limited companyfounded 20224 yrs activeKareelstraat 108, 9300 Aalst, BelgiumKBO/BCE: BE 0784.880.646

The computed 12-month bankruptcy probability of Pine Creek is 2.5% (moderate). The 2024 annual accounts show equity of €2.06M and a net result of €6k. Equity remains stable across the filed fiscal years (±0.4% per year). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

68 / 100

Healthy▼ -8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability2=

Solvency100=

Growth78=

Stability94

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €140k at 30 days acceptable

Liquidity ample (current ratio 498.2 against 847.34 in 2023), and 0% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

100%

Return on assets

0.3%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

43 d early

2023

56 d early

2022

121 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€2.06M▲ 0.3%

2023 · €2.05M

2022: €2.04M 2023: €2.05M

2022 → 2024

Total assets

€2.06M▲ 0.3%

2023 · €2.05M

2022: €2.05M 2023: €2.05M

2022 → 2024

Net result

€6k▼ 22.3%

2023 · €8k

2022: €-7k 2023: €8k

2022 → 2024

Working capital

€229k▼ 9.4%

2023 · €252k

2022: €244k 2023: €252k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€2.04M-€2.05M▲ 0.4%€2.06M▲ 0.3%

Operating result€-8k-€-1k▲ 87.7%€-2k▼ 52.0%

Net result€-7k-€8k€6k▼ 22.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €2k in 2024 against €1k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.06M

88.9%

11%

Fixed assets €1.83M▲ 1.7%

Current assets €229k▼ 9.4%

Equity and liabilities €2.06M

100.0%

Equity €2.06M▲ 0.3%

Debt €460▲ 54.2%

The debt ratio stays at 0.0%.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-1k▼

2023 · €-658

Cash flow

€7k▼

2023 · €9k

Solvency

100.0%=

2023 · 100.0%

Current ratio

498.20▼

2023 · 847.34

Quick ratio

498.20▼

2023 · 847.34

Debt / equity

0.00▲

2023 · 0.00

ROE

0.3%▼

2023 · 0.4%

ROA

0.3%▼

2023 · 0.4%

Interest coverage

-22.91▼

2023 · -13.71

Debt

€460▲

2023 · €298

Debt ≤ 1 year

€460▲

2023 · €298

Income taxes

€2k▲

2023 · €298

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.05M€2.06M▲

Formation expenses20€1k€906▼

Fixed assets21/28€1.80M€1.83M▲

Tangible fixed assets22/27€1.80M€1.83M▲

Land and buildings22€1.80M€1.80M=

Assets under construction and advance payments27-€31k

Current assets29/58€253k€229k▼

Amounts receivable after more than one year29€230k€229k▼

Other amounts receivable291€230k€229k▼

Amounts receivable within one year40/41€15k-

Other amounts receivable41€15k-

Cash at bank and in hand54/58€7k€67▼

Equity and liabilities

Total equity and liabilities10/49€2.05M€2.06M▲

Equity10/15€2.05M€2.06M▲

Contributions10/11€2.05M€2.05M=

Profit (loss) carried forward14€1k€8k▲

Amounts payable17/49€298€460▲

Amounts payable within one year42/48€298€460▲

Taxes, remuneration and social security45€298€460▲

Taxes450/3€298€460▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€390€390=

Other operating charges640/8€414€1k▲

Gross operating margin9900€-244€-64▲

Operating profit (loss)9901€-1k€-2k▼

Financial income75/76B€10k€10k▲

Recurring financial income75€10k€10k▲

Financial charges65/66B€48€53▲

Recurring financial charges65€48€53▲

Profit (loss) for the period before taxes9903€8k€8k▼

Income taxes67/77€298€2k▲

Profit (loss) for the period9904€8k€6k▼

Profit (loss) for the period to be appropriated9905€8k€6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1k€8k▲

Profit (loss) brought forward from the previous period14P€-7k€1k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

18-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

05-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

31-12

Financial Liquidity times 33current ratio 847.34

Current ratio from 25.32 to 847.34; short-term debt falls from €10k to €298.

29-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 121 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Aalst · 1 establishment unit since 2022

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kareelstraat 1089300 Aalst

Ground area

4,491 m²

Building footprint

835 m²

Volume, LiDAR

5 m³

Parcel 41002B0061/00D003, Flanders · tallest building 5.3 m. Linked by address, not a title deed.

1 establishment unit

Pine Creek

Kareelstraat 108, 9300 AalstRenting and operating of own or leased residential real estate, excluding social housing

since 20222.334.076.158

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41002B0061/00D003	Flanders	4,491 m²	1 · 835 m²	5.3 m

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-04-2022

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.