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PINE TREE

Active
Foreign entityfounded 200719 yrs activeSENTIER DE BRICHERHOF 24, L-1262 Luxembourg, LuxembourgKBO/BCE: BE 0888.849.996
Summary

For the legal form of PINE TREE, Checked does not compute a bankruptcy probability. The latest annual accounts of PINE TREE were filed more than 90 days after the deadline. The 2018 annual accounts show equity of €7.4m and a net result of €49,619. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2018 are too old to assess current financial health.
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2018
Profitability39
Solvency100
Growth-
Track record85
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2019 close31-07-2020 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 26-12-2019, 148 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

PINE TREE was incorporated on 18 April 2007.1 The company has filed 12 sets of annual accounts, the latest for fiscal year 2018.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018

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Financials · fiscal year 2018, abbreviated schema

Equity
€7.4m
Total assets
€7.7m
Net result
€49,619
Working capital
€7.4m

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

Balance-sheet composition
Equity and liabilities €7.7m
Equity €7.4m
Debt €353,956
Debt finances 4.6% of the balance-sheet total.
Key figures and ratios
2018 value
Current ratio
22.13
ROE
0.7%
ROA
0.6%
Debt ≤ 1 year
€348,956
Income taxes
-€4,445
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 21 lines
Balance sheet Code2018
Assets
Total assets20/58€7.7m
Current assets29/58€7.7m
Amounts receivable within one year40/41€89,765
Current investments50/53€4.2m
Cash at bank and in hand54/58€1.3m
Equity and liabilities
Total equity and liabilities10/49€7.7m
Equity10/15€7.4m
Contributions10/11€96,000
Reserves13€793,153
Profit (loss) carried forward14€6.5m
Amounts payable17/49€353,956
Amounts payable within one year42/48€348,956
Trade debts44€917
Income statement Code2018
Gross operating margin9900-€47,900
Operating profit (loss)9901-€48,864
Recurring financial income75€185,904
Recurring financial charges65€91,866
Profit (loss) for the period before taxes9903€45,174
Income taxes67/77-€4,445
Profit (loss) for the period9904€49,619
Profit (loss) for the period to be appropriated9905€49,619
Line2018
Gross operating margin9900-€47,900
Operating profit (loss)9901-€48,864
Recurring financial income75€185,904
Recurring financial charges65€91,866
Profit (loss) for the period before taxes9903€45,174
Income taxes67/77-€4,445
Profit (loss) for the period9904€49,619
Profit (loss) for the period to be appropriated9905€49,619
Line2018
Assets
Total assets20/58€7.7m
Current assets29/58€7.7m
Amounts receivable within one year40/41€89,765
Current investments50/53€4.2m
Cash at bank and in hand54/58€1.3m
Equity and liabilities
Total equity and liabilities10/49€7.7m
Equity10/15€7.4m
Contributions10/11€96,000
Reserves13€793,153
Profit (loss) carried forward14€6.5m
Amounts payable17/49€353,956
Amounts payable within one year42/48€348,956
Trade debts44€917
Line2018
Profit (loss) for the period9904€49,619
Operating cash flow (approximation)€49,619

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2019
26-12
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 148 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
29-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
2015
29-09
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
2014
25-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 25 days late
2013
13-11
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 105 days late
2012
30-08
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema · 30 days late
2011
30-08
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema · 30 days late
03-05
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema · 276 days late
NBB filing
0 of 4 acts read
About the unread acts

We know of 4 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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Identification & contact

Identification
Legal formForeign entity
Founded18-04-2007
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.

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