PINEAPPLESOFT
ActiveSummary
PINEAPPLESOFT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €194k and a net result of €27k. Equity is shrinking by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▼-1
Solvency99▲+1
Growth39▲+1
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.17 in 2023; short-term debt: 18.7% and cash: 18.9% of total assets), and 25.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
6 d early
2022
22 d late
2021
26 d late
2020
29 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€137k▲ 3.7%
2023 · €132k
2018: €243khighest in 7 years
2019: €142k▼ -41.3% vs 2018
2020: €132k▼ -7.4% vs 2019lowest in 7 years
2021: €149k▲ +13.2% vs 2020
2022: €132k▼ -11.3% vs 2021
2023: €132k▼ -0.1% vs 2022
2024: €137k▲ +3.7% vs 2023
2018 → 2024
EBIT margin
26.0%▼ 2.8pp
2023 · 28.8%
2018: 10.8%lowest in 7 years
2019: 28.1%▲ +160% vs 2018
2020: 13.4%▼ -52.2% vs 2019
2021: 33.0%▲ +146% vs 2020highest in 7 years
2022: 14.4%▼ -56.3% vs 2021
2023: 28.8%▲ +99.8% vs 2022
2024: 26.0%▼ -9.6% vs 2023
2018 → 2024
Net result
€27k▼ 2.3%
2023 · €28k
2018: €18k
2019: €28k▲ +56.8% vs 2018
2020: €11k▼ -59.7% vs 2019lowest in 7 years
2021: €36k▲ +219% vs 2020highest in 7 years
2022: €13k▼ -62.2% vs 2021
2023: €28k▲ +105% vs 2022
2024: €27k▼ -2.3% vs 2023
2018 → 2024
Working capital
€31k▲ 195%
2023 · €11k
2018: €153k
2019: €184k▲ +20.5% vs 2018highest in 7 years
2020: €60k▼ -67.4% vs 2019
2021: €93k▲ +54.0% vs 2020
2022: €98k▲ +5.7% vs 2021
2023: €11k▼ -89.2% vs 2022lowest in 7 years
2024: €31k▲ +195% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€132k-€149k▲ 13.2%€132k▼ 11.3%€132k▼ 0.1%€137k▲ 3.7%
2020: €132klowest in 5 years
2021: €149k▲ +13.2% vs 2020highest in 5 years
2022: €132k▼ -11.3% vs 2021
2023: €132k▼ -0.1% vs 2022
2024: €137k▲ +3.7% vs 2023
Equity€201k-€235k▲ 16.9%€247k▲ 5.0%€168k▼ 31.9%€194k▲ 15.1%
2020: €201k
2021: €235k▲ +16.9% vs 2020
2022: €247k▲ +5.0% vs 2021highest in 5 years
2023: €168k▼ -31.9% vs 2022lowest in 5 years
2024: €194k▲ +15.1% vs 2023
Operating result€18k-€49k▲ 178%€19k▼ 61.3%€38k▲ 99.6%€36k▼ 6.3%
2020: €18klowest in 5 years
2021: €49k▲ +178% vs 2020highest in 5 years
2022: €19k▼ -61.3% vs 2021
2023: €38k▲ +99.6% vs 2022
2024: €36k▼ -6.3% vs 2023
Net result€11k-€36k▲ 219%€13k▼ 62.2%€28k▲ 105%€27k▼ 2.3%
2020: €11klowest in 5 years
2021: €36k▲ +219% vs 2020highest in 5 years
2022: €13k▼ -62.2% vs 2021
2023: €28k▲ +105% vs 2022
2024: €27k▼ -2.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €261k
Fixed assets
€181k ▲ 14.6%
Current assets
€80k ▲ 10.8%
Equity and liabilities €261k
Equity
€194k ▲ 15.1%
Debt
€67k ▲ 8.7%
Debt's share of the balance-sheet total falls from 26.8% to 25.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€53k▲
2023 · €50k
Cash flow
€44k▲
2023 · €40k
Current ratio
1.64▲
2023 · 1.17
Debt to equity
0.35▼
2023 · 0.37
ROE
13.9%▼
2023 · 16.4%
ROA
10.4%▼
2023 · 12.0%
Interest coverage
73.13▼
2023 · 74.75
Debt ≤ 1 year
€49k▼
2023 · €61k
Debt > 1 year
€18k
Income taxes
€13k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€230k€261k▲
Fixed assets21/28€158k€181k▲
Tangible fixed assets22/27€158k€181k▲
Land and buildings22€96k€93k▼
Plant, machinery and equipment23-€876
Furniture and vehicles24€12k€42k▲
Other tangible fixed assets26€50k€45k▼
Financial fixed assets28€25€25=
Current assets29/58€72k€80k▲
Amounts receivable within one year40/41€35k€29k▼
Trade receivables40€33k€29k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€36k€49k▲
Deferred charges and accrued income490/1€831€951▲
Equity and liabilities
Total equity and liabilities10/49€230k€261k▲
Equity10/15€168k€194k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€148k€174k▲
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Tax-exempt reserves132€9k€9k=
Distributable reserves133€136k€162k▲
Profit (loss) carried forward14€2k€1k▼
Amounts payable17/49€62k€67k▲
Amounts payable after more than one year17-€18k
Financial debts170/4-€18k
Amounts payable within one year42/48€61k€49k▼
Current portion of amounts payable after more than one year42€7k€6k▼
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€7k€4k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€39k€34k▼
Accrued charges and deferred income492/3€238-
Income statement
Code20232024
Turnover70€132k€137k▲
Goods, raw materials, services and sundry goods60/61€80k€82k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€17k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€53k€55k▲
Operating profit (loss)9901€38k€36k▼
Financial income75/76B€220€5k▲
Recurring financial income75€220€5k▲
Financial charges65/66B€671€720▲
Recurring financial charges65€671€720▲
Profit (loss) for the period before taxes9903€38k€40k▲
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€28k€27k▼
Profit (loss) for the period to be appropriated9905€28k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€29k▼
Profit (loss) brought forward from the previous period14P€3k€2k▼
Transfer from equity791/2€105k-
Transfer to equity691/2€27k€26k▼
To other reserves6921€27k€26k▼
Profit to be distributed694/7€107k€2k▼
Return on contributions (dividend)694€107k€2k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €132k | €149k | €132k | €132k | €137k | ▲ 3.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €87k | €100k | €80k | €82k | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €11k | €12k | €12k | €17k | ▲ 40.2% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▼ 7.8% |
| Gross operating margin9900 | €36k | €62k | €33k | €53k | €55k | ▲ 4.4% |
| Operating profit (loss)9901 | €18k | €49k | €19k | €38k | €36k | ▼ 6.3% |
| Financial income75/76B | - | €7 | - | €220 | €5k | ▲ 2,016% |
| Recurring financial income75 | €6 | €7 | - | €220 | €5k | ▲ 2,016% |
| Financial charges65/66B | - | €977 | €812 | €671 | €720 | ▲ 7.3% |
| Recurring financial charges65 | €1k | €977 | €812 | €671 | €720 | ▲ 7.3% |
| Profit (loss) for the period before taxes9903 | €17k | €48k | €18k | €38k | €40k | ▲ 5.3% |
| Income taxes67/77 | €5k | €13k | €5k | €10k | €13k | ▲ 26.4% |
| Profit (loss) for the period9904 | €11k | €36k | €13k | €28k | €27k | ▼ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €11k | €36k | €13k | €28k | €27k | ▼ 2.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €398k | €283k | €290k | €230k | €261k | ▲ 13.4% |
| Fixed assets21/28 | €165k | €158k | €158k | €158k | €181k | ▲ 14.6% |
| Tangible fixed assets22/27 | €165k | €158k | €158k | €158k | €181k | ▲ 14.6% |
| Land and buildings22 | - | €103k | €99k | €96k | €93k | ▼ 3.5% |
| Plant, machinery and equipment23 | - | - | - | - | €876 | - |
| Furniture and vehicles24 | - | €5k | €7k | €12k | €42k | ▲ 260% |
| Other tangible fixed assets26 | - | €50k | €51k | €50k | €45k | ▼ 10.0% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €232k | €124k | €132k | €72k | €80k | ▲ 10.8% |
| Amounts receivable within one year40/41 | €11k | €13k | €36k | €35k | €29k | ▼ 15.6% |
| Trade receivables40 | - | €13k | €24k | €33k | €29k | ▼ 9.7% |
| Other amounts receivable41 | - | - | €12k | €2k | - | - |
| Cash at bank and in hand54/58 | €220k | €110k | €95k | €36k | €49k | ▲ 36.2% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €831 | €951 | ▲ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €398k | €283k | €290k | €230k | €261k | ▲ 13.4% |
| Equity10/15 | €201k | €235k | €247k | €168k | €194k | ▲ 15.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €178k | €213k | €226k | €148k | €174k | ▲ 17.6% |
| Non-distributable reserves130/1 | - | €4k | €4k | €4k | €4k | = |
| Legal reserve130 | - | €4k | €4k | €4k | €4k | = |
| Tax-exempt reserves132 | - | €9k | €9k | €9k | €9k | = |
| Distributable reserves133 | - | €201k | €214k | €136k | €162k | ▲ 19.2% |
| Profit (loss) carried forward14 | €5k | €4k | €3k | €2k | €1k | ▼ 28.3% |
| Amounts payable17/49 | €196k | €47k | €43k | €62k | €67k | ▲ 8.7% |
| Amounts payable after more than one year17 | €22k | €15k | €7k | - | €18k | - |
| Financial debts170/4 | - | €15k | €7k | - | €18k | - |
| Amounts payable within one year42/48 | €172k | €32k | €34k | €61k | €49k | ▼ 20.7% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €7k | €6k | ▼ 19.0% |
| Trade debts44 | €6k | €2k | €2k | €7k | €3k | ▼ 62.3% |
| Suppliers440/4 | - | €2k | €2k | €7k | €3k | ▼ 62.3% |
| Taxes, remuneration and social security45 | - | €6k | €8k | €9k | €6k | ▼ 33.7% |
| Taxes450/3 | - | €5k | €6k | €7k | €4k | ▼ 45.0% |
| Remuneration and social security454/9 | - | €1k | €1k | €2k | €2k | ▲ 2.2% |
| Other amounts payable47/48 | - | €17k | €17k | €39k | €34k | ▼ 10.9% |
| Accrued charges and deferred income492/3 | - | €761 | €775 | €238 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €36k | €13k | €28k | €27k | ▼ 2.3% |
| + Depreciation and write-downs630 | €17k | €11k | €12k | €12k | €17k | ▲ 40.2% |
| Operating cash flow (approximation) | €28k | €47k | €25k | €40k | €44k | ▲ 10.7% |
| Investment in fixed assets (approximation) | - | €-4k | €-11k | €-12k | €-40k | ▼ 222% |
| Change in cash | - | €-111k | €-15k | €-59k | €13k | ▲ 122% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €36k ▲219%
Operating result €49k, net result €36k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.90
Current ratio from 1.35 to 3.90; short-term debt falls from €172k to €32k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €11k ▼59.7%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Namur · 1 establishment unit since 1997
Ground area
399 m²
Building footprint
161 m²
Volume, LiDAR
1,609 m³
2 parcels, Wallonia · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
PINEAPPLESOFT
since 19972.082.670.667
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094B0207/02G003 | Wallonia | 324 m² | 1 · 108 m² | 10.5 m · 3 fl. |
| 92094C0113/00M012 | Wallonia | 74 m² | 1 · 54 m² | 16.1 m · 5 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.
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Knowledge to Insight
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YAF
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,653 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Contact
Website
www.psol.com
Scores and ratios are computed by Checked and are not a credit decision.