Equity
Equity fell by 79% in 3 years.
In July 2024, 26,973 companies had the same profile as Pineapple has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,973 companies, not a prediction for Pineapple. 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.
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.
| Company | ||||
|---|---|---|---|---|
| Pineapple Gembloux | €46,004 | €70,839 | 43.7% | - |
| FUZYO BELGIUM Koekelberg | €49,495 | €66,302 | 34.0% | - |
| LSC Management Wemmel | €51,268 | €66,885 | 8.9% | - |
| Rabbit Ventures Antwerp | €43,905 | €82,420 | 10.4% | - |
| REAX Overijse | €52,559 | €77,406 | 17.7% | - |
| Growth Masters Aalst | €48,179 | €62,702 | 5.2% | - |
| Consult alt delete Mortsel | €56,143 | €71,636 | 19.5% | - |
These companies have the same main activity as Pineapple: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €43,900 and €56,100, founded between 2018 and 2020.
Pineapple files the micro format. That format states no turnover. The gross margin rose from €31,416 in 2019 to €70,839 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 40% of 41,228 companies in 2025.
Higher than 20% of 39,797 companies in 2025.
Higher than 95% of 40,318 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
46,004 | 169,477 | 162,072 | 175,881 | 119,293 | 104,942 | 55,690 | |
21/28 |
23,777 | 35,763 | 47,750 | 54,103 | 18,565 | 25,725 | - | |
22/27 |
23,777 | 35,763 | 47,750 | 54,103 | 18,565 | 25,725 | - | |
24 |
17,686 | 28,268 | 38,851 | 49,651 | 17,118 | 24,104 | - | |
26 |
6,091 | 7,495 | 8,899 | 4,452 | 1,447 | 1,621 | - | |
29/58 |
22,228 | 133,713 | 114,322 | 121,778 | 100,728 | 79,218 | 55,690 | |
40/41 |
3,300 | 97,920 | 81,245 | 26,301 | 13,420 | 12,145 | 10,285 | |
40 |
0 | 41,745 | 27,885 | 25,101 | 13,320 | 11,495 | 10,285 | |
41 |
3,300 | 56,175 | 53,360 | 1,200 | 100 | 650 | - | |
54/58 |
18,928 | 35,793 | 33,078 | 94,774 | 86,742 | 67,073 | 42,305 | |
490/1 |
- | - | 0 | 703 | 566 | 0 | 3,100 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
46,004 | 169,477 | 162,072 | 175,881 | 119,293 | 104,942 | 55,690 | |
10/15 |
20,084 | 90,687 | 92,073 | 94,691 | 94,073 | 65,869 | 41,970 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | |
13 |
0 | 70,500 | 71,600 | 71,600 | 71,600 | 43,600 | 21,100 | |
130/1 |
- | - | 0 | 1,100 | 1,100 | 1,100 | - | |
130 |
- | - | - | - | - | - | 1,100 | |
1311 |
- | - | 0 | 1,100 | 1,100 | 1,100 | - | |
133 |
0 | 70,500 | 71,600 | 70,500 | 70,500 | 42,500 | 20,000 | |
14 |
84 | 187 | 473 | 3,091 | 2,473 | 2,269 | 870 | |
17/49 |
25,920 | 78,790 | 70,000 | 81,190 | 25,220 | 39,073 | 13,720 | |
17 |
- | 0 | 10,246 | 23,684 | 4,801 | 12,945 | - | |
170/4 |
- | 0 | 10,246 | 23,684 | 4,801 | 12,945 | - | |
42/48 |
25,920 | 77,625 | 57,407 | 56,614 | 20,297 | 25,062 | 13,365 | |
42 |
0 | 10,273 | 13,438 | 17,893 | 8,145 | 8,038 | - | |
44 |
0 | 1,079 | 1,613 | 3,620 | 749 | 970 | 4,889 | |
440/4 |
0 | 1,079 | 1,613 | 3,620 | 749 | 970 | 4,889 | |
45 |
15,453 | 16,273 | 9,355 | 11,101 | 11,403 | 16,054 | 8,476 | |
450/3 |
15,453 | 16,273 | 9,355 | 11,101 | 11,403 | 16,054 | 8,476 | |
47/48 |
10,467 | 50,000 | 33,000 | 24,000 | - | - | - | |
492/3 |
0 | 1,165 | 2,347 | 892 | 123 | 1,066 | 355 | |
| Income statement | ||||||||
70 |
- | - | - | 111,874 | 114,336 | 97,125 | - | |
76A |
- | - | 0 | 4,187 | 0 | 0 | - | |
9900 |
70,839 | 70,475 | 49,001 | 36,552 | 47,924 | 38,430 | 31,416 | |
60/61 |
- | - | - | 81,881 | 68,644 | 61,723 | - | |
630 |
11,986 | 11,986 | 12,002 | 4,075 | 7,160 | 3,682 | 1,034 | |
640/8 |
184 | 182 | 370 | 899 | 563 | 1,128 | 112 | |
9901 |
58,669 | 58,306 | 36,629 | 31,578 | 40,201 | 33,620 | 30,270 | |
75/76B |
4,015 | 3,826 | 2,349 | - | - | - | - | |
75 |
4,015 | 3,826 | 2,349 | - | - | - | - | |
65/66B |
544 | 646 | 918 | 675 | 393 | 126 | - | |
65 |
544 | 646 | 918 | 675 | 393 | 126 | - | |
9903 |
62,139 | 61,486 | 38,061 | 30,903 | 39,808 | 33,493 | 30,270 | |
67/77 |
12,542 | 12,872 | 7,679 | 6,285 | 11,604 | 9,594 | 8,300 | |
9904 |
49,598 | 48,614 | 30,382 | 24,618 | 28,204 | 23,900 | 21,970 | |
9905 |
49,598 | 48,614 | 30,382 | 24,618 | 28,204 | 23,900 | 21,970 | |
| Appropriation of the result | ||||||||
9906 |
49,784 | 49,087 | 33,473 | 27,091 | 30,473 | 24,769 | 21,970 | |
14P |
187 | 473 | 3,091 | 2,473 | 2,269 | - | - | |
791/2 |
70,500 | 1,100 | - | - | - | - | - | |
691/2 |
- | - | - | 0 | 28,000 | 22,500 | 21,100 | |
6920 |
- | - | - | - | - | 0 | 1,100 | |
6921 |
- | - | - | 0 | 28,000 | 22,500 | 20,000 | |
694/7 |
120,200 | 50,000 | 33,000 | 24,000 | - | - | - | |
694 |
120,200 | 50,000 | 33,000 | 24,000 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 5 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 24-02-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-02-2026 | 2026-00048153 | |
| 31-12-2024 | micro format | 01-04-2025 | 2025-00060487 | |
| 31-12-2023 | micro format | 13-05-2024 | 2024-00086299 | |
| 31-12-2022 | micro format | 08-05-2023 | 2023-00084890 | |
| 31-12-2021 | micro format | 10-05-2022 | 2022-20023622 | |
| 31-12-2020 | micro format | 07-05-2021 | 2021-13800227 | |
| 31-12-2019 | micro format | 11-05-2020 | 2020-11800094 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 70,655 | 70,292 | 48,631 | 35,653 | 47,361 | 37,302 | 31,304 | ||
| 61,584 | 60,601 | 42,383 | 28,693 | 35,363 | 27,582 | 23,004 | ||
| 0 | 0 | 5,648 | 56,240 | 0 | 29,407 | - | ||
| -16,865 | 2,715 | -61,697 | 8,032 | 19,670 | 24,767 | - | ||
| -3,693 | 56,089 | 56,916 | 65,164 | 80,431 | 54,156 | 42,325 | ||
| - | - | - | 28.2% | 35.2% | 34.6% | - | ||
| 43.7% | 53.5% | 56.8% | 53.8% | 78.9% | 62.8% | 75.4% | ||
| 0.86 | 1.72 | 1.99 | 2.15 | 4.96 | 3.16 | 4.17 | ||
| 1.29 | 0.87 | 0.76 | 0.86 | 0.27 | 0.59 | 0.33 | ||
| 246.9% | 53.6% | 33.0% | 26.0% | 30.0% | 36.3% | 52.3% | ||
| 107.8% | 28.7% | 18.7% | 14.0% | 23.6% | 22.8% | 39.5% | ||
| over 100 | over 100 | 52.97 | 52.80 | over 100 | - | - | ||
| - | - | - | 82 days | 43 days | 43 days | - | ||
| - | - | - | 16 days | 4 days | 6 days | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €5,648 | €56,240 | - |
| €11,986 | €11,986 | €12,002 | €4,075 | €7,160 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 1% higher than in 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total rises from 46.5% to 56.3%. Equity and debt are lower.
Pineapple has no parent and no holdings in its annual accounts. is the only director.
via , no longer at · Manager · deed of 19-10-2016 No longer active |
total assets €247,571 (2024) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Tuolumne Twilight registered office Rue Saint-Blaise, Beuzet 25, 5030 Gembloux | 01-04-2019 | 2.286.883.183 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92011C0100/00R000 | 983 m² | 1 · 149 m² | 7.6 m · 2 |
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