Pinehurst
Annual accounts 2025
abbreviated format, filed on 30-06-2026, on the day of the deadline-€13,182
▲ €12,542
-€162,391
▲ €51,921
-€166,723
▲ €48,963
-€173,418
▼ €16,843
4.3%
▲ 142.8 percentage points
0.08
▲ 0.05
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €1.2m on 30-11-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
4.3%
Higher than 10% of 1,567 companies in 2025.
0.08
Lower than 95% of 1,538 companies in 2025.
-13.7%
Higher than 5% of 1,552 companies in 2025.
Pinehurst
Middle half of the sector
80% of the sector
Abbreviated accounts in building services and landscaping (NACE 81)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Staff
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
1.2m | 477,200 | 944,327 | 1.0m | 1.1m | 1.2m | 1.3m | 1.2m | 1.3m | 1.4m | 1.5m | 1.2m | 1.0m | 1.1m | 1.2m | 1.2m | 1.3m | 1.3m | 1.2m | |
21/28 |
1.2m | 471,439 | 562,235 | 994,743 | 1.1m | 1.2m | 1.3m | 1.2m | 1.3m | 1.4m | 1.4m | 1.1m | 969,862 | 1.0m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,650 | 13,300 | |
22/27 |
1.2m | 470,938 | 561,734 | 994,242 | 1.1m | 1.2m | 1.3m | 1.2m | 1.3m | 1.4m | 1.4m | 1.1m | 969,861 | 1.0m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | |
22 |
1.2m | 382,908 | 481,154 | 930,208 | 1.0m | 1.1m | 1.3m | 1.2m | 1.3m | 1.3m | 1.4m | 1.1m | 944,193 | 1.0m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | |
23 |
10,519 | 13,045 | 15,571 | 16,694 | 17,861 | 226 | 271 | 624 | 2,160 | 14,728 | 20,519 | 23,794 | 4,218 | 5,047 | 5,638 | 6,569 | 1,568 | 6,312 | 11,108 | |
24 |
1,512 | 2,069 | 2,671 | 3,274 | 3,877 | 2,825 | 15,640 | 29,668 | 44,232 | 15,914 | 22,605 | 37,605 | 21,450 | 39,190 | 53,873 | 24,571 | 32,762 | 564 | 1,128 | |
26 |
- | 72,916 | 62,338 | 44,066 | 34,244 | 21,617 | 17,095 | 17,095 | 15,535 | - | - | - | - | - | - | - | - | - | - | |
28 |
501 | 501 | 501 | 501 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | |
29/58 |
15,285 | 5,761 | 382,092 | 19,543 | 22,018 | 21,649 | 24,366 | 7,660 | 7,830 | 77,970 | 59,361 | 72,195 | 44,721 | 90,576 | 83,179 | 65,108 | 58,220 | 22,501 | 7,282 | |
40/41 |
12,318 | 3,797 | 2,580 | - | 7,657 | 20,391 | 5,686 | 3,432 | 3,048 | 60,706 | 49,127 | 63,284 | 32,623 | 28,490 | 42,031 | 22,390 | 37,443 | 4 | 7,201 | |
40 |
8,047 | 27 | 185 | - | 225 | 19,932 | 5,686 | 2,400 | 3,029 | 15,287 | 49,127 | 23,673 | 31,291 | 28,387 | 41,149 | 22,198 | 37,443 | - | 7,125 | |
41 |
4,271 | 3,770 | 2,395 | - | 7,432 | 458 | - | 1,032 | 20 | 45,419 | - | 39,611 | 1,332 | 103 | 882 | 193 | - | 4 | 76 | |
50/53 |
- | - | - | - | 13,253 | - | - | - | - | - | 8,672 | - | - | - | - | - | - | - | - | |
54/58 |
2,937 | 1,964 | 379,512 | 19,543 | - | 705 | 16,161 | 2,937 | 1,955 | 14,771 | - | 8,911 | 11,401 | 55,835 | 41,148 | 42,718 | 20,778 | 22,497 | 81 | |
490/1 |
30 | - | - | - | 1,108 | 554 | 2,519 | 1,292 | 2,826 | 2,492 | 1,563 | - | 697 | 6,251 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
1.2m | 477,200 | 944,327 | 1.0m | 1.1m | 1.2m | 1.3m | 1.2m | 1.3m | 1.4m | 1.5m | 1.2m | 1.0m | 1.1m | 1.2m | 1.2m | 1.3m | 1.3m | 1.2m | |
10/15 |
52,024 | -661,253 | -445,567 | -450,692 | -262,492 | -64,513 | 82,254 | -28,983 | 77,318 | 118,187 | 120,408 | 126,899 | 128,075 | 119,363 | 114,682 | 128,892 | 78,398 | 52,066 | 37,256 | |
10/11 |
200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |
10 |
200,000 | 200,000 | 200,000 | 200,000 | 200,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |
12 |
1.0m | 160,000 | 160,000 | 160,000 | 160,000 | 160,000 | 180,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 20,000 | - | 9,575 | 14,745 | 14,745 | 14,745 | 14,745 | 14,745 | 14,745 | 14,745 | 14,745 | - | - | |
130 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 14,745 | 14,745 | - | - | - | |
132 |
- | - | - | - | - | - | - | - | 9,575 | - | - | - | - | - | - | - | - | - | - | |
133 |
40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 20,000 | - | - | 14,745 | 14,745 | 14,745 | 14,745 | 14,745 | - | - | 14,745 | - | - | |
14 |
-1.2m | -1.1m | -845,567 | -850,692 | -662,492 | -464,513 | -317,746 | -228,983 | -132,257 | -96,558 | -94,337 | -87,846 | -86,670 | -95,382 | -100,062 | -85,853 | -136,347 | -147,934 | -162,744 | |
16 |
- | - | - | - | - | - | - | - | 41,386 | - | - | 10,000 | 10,000 | - | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | 40,000 | - | - | 10,000 | 10,000 | - | - | - | - | - | - | |
162 |
- | - | - | - | - | - | - | - | 40,000 | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | - | - | - | - | - | 1,386 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
1.2m | 1.1m | 1.4m | 1.5m | 1.4m | 1.3m | 1.2m | 1.2m | 1.2m | 1.3m | 1.4m | 1.1m | 876,508 | 1.0m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | |
17 |
976,117 | 976,117 | 976,117 | 976,117 | 976,117 | 1.0m | 1.1m | 1.1m | 1.0m | 820,830 | 877,711 | 778,397 | 774,660 | 812,080 | 851,937 | 857,659 | 913,761 | 723,922 | 741,026 | |
170/4 |
976,117 | 976,117 | 976,117 | 976,117 | 976,117 | 1.0m | 1.1m | 1.1m | 1.0m | 820,830 | 877,711 | 778,397 | 774,660 | 812,080 | 851,937 | 857,659 | 913,761 | 723,922 | 741,026 | |
42/48 |
188,703 | 162,336 | 413,777 | 488,861 | 409,690 | 224,403 | 168,393 | 152,273 | 185,629 | 497,818 | 505,002 | 272,576 | 96,201 | 192,967 | 225,183 | 211,425 | 250,618 | 477,054 | 425,552 | |
42 |
- | - | - | - | - | - | - | 13,658 | 25,926 | 56,881 | 62,107 | 44,703 | 36,885 | 39,857 | 38,076 | 28,742 | - | - | - | |
43 |
- | - | - | - | - | - | - | - | 33,000 | 280,000 | 280,000 | 50,000 | - | - | - | - | - | - | 499 | |
430/8 |
- | - | - | - | - | - | - | - | 33,000 | 280,000 | 280,000 | 50,000 | - | - | - | - | - | - | 499 | |
44 |
78,793 | 14,771 | 9,675 | 6,903 | - | 369 | 6,721 | 3,621 | 7,189 | 38,678 | 644 | 29,386 | 8,891 | 12,400 | 14,977 | 15,148 | 24,527 | 21,746 | 104,121 | |
440/4 |
78,793 | 14,771 | 9,675 | 6,903 | - | 369 | 6,721 | 3,621 | 7,189 | 38,678 | 644 | 29,386 | 8,891 | 12,400 | 14,977 | 15,148 | 24,527 | 21,746 | 104,121 | |
45 |
3,228 | 3,228 | 3,228 | 5,773 | 660 | 860 | 3,223 | 272 | 292 | 3,926 | 5,885 | 3,722 | 2,407 | 7,629 | - | 2,100 | 17,009 | 10,705 | 981 | |
450/3 |
3,228 | 3,228 | 3,228 | 5,773 | 660 | 860 | 3,223 | 272 | 292 | 3,926 | 5,342 | 3,722 | 2,407 | - | - | 2,100 | 17,009 | - | - | |
454/9 |
- | - | - | - | - | - | - | - | - | - | 543 | - | - | 7,629 | - | - | - | 10,705 | 981 | |
47/48 |
106,682 | 144,337 | 400,874 | 476,185 | 409,030 | 223,174 | 158,449 | 134,722 | 119,222 | 118,333 | 156,367 | 144,765 | 48,018 | 133,081 | 172,130 | 165,435 | 209,082 | 444,604 | 319,952 | |
492/3 |
- | - | - | - | - | - | - | 6,118 | 9,380 | 9,673 | - | 3,675 | 5,647 | 10,517 | 10,850 | 25,153 | 11,900 | - | - | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | 40,498 | - | 8,945 | - | 10,000 | 10,620 | 884 | 88 | 1,178 | 788 | 3,967 | - | - | |
9900 |
-13,182 | -25,724 | 250,654 | -59,502 | -39,211 | 13,199 | 67,178 | 9,498 | 331,109 | 164,965 | 191,144 | 145,398 | 149,218 | 131,685 | 109,898 | 167,872 | 151,471 | 126,849 | 113,110 | |
62 |
- | - | - | - | - | - | - | - | - | - | 6,524 | - | - | - | - | - | - | 1,466 | 8,851 | |
630 |
76,963 | 101,374 | 101,226 | 117,925 | 124,489 | 143,821 | 147,400 | 138,154 | 280,006 | 131,333 | 169,621 | 113,264 | 88,218 | 87,393 | 86,741 | 76,533 | 85,527 | 77,766 | 98,111 | |
635/8 |
- | - | - | - | - | - | - | -40,000 | 40,000 | - | - | - | 10,000 | - | - | - | - | - | - | |
640/8 |
72,246 | 87,214 | 144,154 | 9,506 | 33,928 | 12,592 | 6,783 | 9,340 | 24,061 | 11,050 | 13,169 | 10,896 | 8,014 | 9,729 | 7,033 | 6,460 | 19,843 | 7,066 | 4,705 | |
66A |
- | - | - | - | - | 1,148 | - | - | 109 | 769 | - | - | 821 | - | - | - | 121 | - | - | |
9901 |
-162,391 | -214,312 | 5,274 | -186,933 | -197,628 | -144,362 | -87,005 | -97,996 | -13,067 | 22,583 | 1,830 | 21,238 | 42,986 | 34,563 | 16,124 | 84,880 | 46,102 | 40,551 | 1,443 | |
75/76B |
- | - | 193 | - | 9 | 1 | 9 | 4 | 2,793 | 31 | 39 | 299 | 511 | 520 | 130 | 115 | 15 | 1 | 27 | |
75 |
- | - | 193 | - | 9 | 1 | 9 | 4 | 2,793 | 31 | 39 | 299 | 511 | 520 | 130 | 115 | 15 | 1 | 27 | |
65/66B |
404 | 1,374 | 342 | 1,196 | 273 | 2,297 | 1,767 | 9,424 | 28,917 | 24,067 | 18,357 | 17,833 | 18,867 | 30,507 | 31,622 | 35,270 | 38,376 | 25,741 | 30,161 | |
65 |
404 | 1,374 | 342 | 1,196 | 273 | 2,297 | 1,767 | 9,424 | 28,917 | 24,067 | 18,357 | 17,833 | 18,867 | 30,507 | 31,622 | 35,270 | 38,376 | 25,741 | 30,161 | |
9903 |
-162,795 | -215,686 | 5,125 | -188,129 | -197,892 | -146,658 | -88,763 | -107,416 | -39,190 | -2,223 | -6,488 | 14,324 | 24,693 | 4,664 | -14,190 | 50,511 | 11,587 | 14,810 | -28,692 | |
67/77 |
3,928 | - | - | 71 | 87 | 109 | - | 272 | 293 | -2 | 4 | - | -19 | -17 | 19 | 17 | - | - | - | |
9904 |
-166,723 | -215,686 | 5,125 | -188,200 | -197,979 | -146,767 | -88,763 | -106,301 | -40,870 | -2,221 | -6,491 | 14,324 | 24,712 | 4,680 | -14,210 | 50,495 | 11,587 | 14,810 | -28,692 | |
789 |
- | - | - | - | - | - | - | 9,575 | 2,549 | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | 12,124 | - | - | - | - | - | - | - | - | - | - | |
9905 |
-166,723 | -215,686 | 5,125 | -188,200 | -197,979 | -146,767 | -88,763 | -96,726 | -50,444 | -2,221 | -6,491 | 14,324 | 24,712 | 4,680 | -14,210 | 50,495 | 11,587 | 14,810 | -28,692 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-1.2m | -1.1m | -845,567 | -850,692 | -662,492 | -464,513 | -317,746 | -228,983 | -147,002 | -96,558 | -94,337 | -72,346 | -70,670 | -95,382 | -100,062 | -85,853 | -136,347 | -147,934 | -162,744 | |
14P |
-1.1m | -845,567 | -850,692 | -662,492 | -464,513 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | 14,745 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | 15,500 | 16,000 | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | 15,500 | 16,000 | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | 0.3 | - | - | - | - | - | - | 0.1 | 0.2 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | 399 | - | - | - | - | - | - | 112 | 740 | |
| Document | ||||||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-11-2025 | abbreviated format | 30-06-2026 | 2026-00248893 | |
| 30-11-2024 | micro format | 25-09-2025 | 2025-00518575 | |
| 30-11-2023 | micro format | 21-03-2025 | 2025-00052921 | |
| 30-11-2022 | micro format | 19-10-2023 | 2023-00489507 | |
| 30-11-2021 | micro format | 03-06-2022 | 2022-20045750 | |
| 30-11-2020 | micro format | 08-06-2021 | 2021-18100583 | |
| 30-11-2019 | micro format | 08-06-2020 | 2020-15100579 | |
| 30-11-2018 | micro format | 04-06-2019 | 2019-15700313 | |
| 30-11-2017 | micro format | 22-05-2018 | 2018-13300472 | |
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-46800208 | |
| 31-12-2014 | abbreviated format | 20-08-2015 | 2015-44200094 | |
| 31-12-2013 | abbreviated format | 22-08-2014 | 2014-45000171 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-50000061 | |
| 31-12-2011 | abbreviated format | 23-07-2012 | 2012-32300371 | |
| 31-12-2010 | abbreviated format | 26-08-2011 | 2011-44500339 | |
| 31-12-2009 | abbreviated format | 31-08-2010 | 2010-50200200 | |
| 31-12-2008 | abbreviated format | 31-08-2009 | 2009-67100137 | |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-65000082 | |
| 31-12-2006 | abbreviated format | 27-07-2007 | 2007-52300296 | |
| 31-12-2005 | abbreviated format | 02-06-2006 | 2006-20204456 | |
| 31-12-2004 | abbreviated format | 31-03-2006 | 2006-09705193 | |
| 31-12-2003 | abbreviated format | 09-06-2004 | 2004-22205180 | |
| 31-12-2002 | abbreviated format | 07-07-2003 | 2003-40604364 | |
| 31-12-2001 | abbreviated format | 13-06-2002 | 2002-20704654 | |
| 31-12-2000 | abbreviated format | 14-05-2001 | 2001-12602558 | |
| 31-12-1999 | abbreviated format | 25-04-2001 | 2001-10604811 | |
| 31-12-1998 | abbreviated format | 02-12-1999 | 1999-61800936 | |
| 31-12-1997 | abbreviated format | 25-03-1999 | 1999-06001665 | |
| 31-12-1996 | abbreviated format | 25-03-1999 | 1999-06001679 | |
| 31-12-1995 | abbreviated format | 25-03-1999 | 1999-06001692 | |
| 31-12-1994 | abbreviated format | 25-03-1999 | 1999-06001705 | |
| 31-12-1993 | abbreviated format | 25-03-1999 | 1999-06001717 | |
| 31-12-1992 | abbreviated format | 25-03-1999 | 1999-06001730 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -85,428 | -112,938 | 106,500 | -69,008 | -73,139 | -541 | 60,395 | 40,158 | 266,939 | 153,916 | 171,451 | 134,503 | 131,204 | 121,955 | 102,865 | 161,412 | 131,629 | 118,317 | 99,554 | ||
| -89,760 | -114,312 | 106,351 | -70,275 | -73,489 | -2,946 | 58,637 | 31,853 | 239,137 | 129,113 | 163,129 | 127,588 | 112,930 | 92,073 | 72,532 | 127,027 | 97,114 | 92,576 | 69,419 | ||
| 807,083 | 10,578 | 44,908 | 11,370 | 61,429 | 5,781 | 14,501 | 14,160 | 233,325 | 56,112 | 494,028 | 262,754 | 14,550 | 12,270 | 48,194 | 38,098 | 51,804 | 111,756 | 342,357 | ||
| 973 | -377,548 | 359,969 | - | - | -15,456 | 13,225 | 981 | - | - | - | -2,490 | -44,435 | 14,688 | -1,570 | 21,940 | -1,719 | 22,416 | - | ||
| -173,418 | -156,575 | -31,685 | -469,318 | -387,672 | -202,754 | -144,027 | -144,612 | -177,799 | -419,848 | -445,641 | -200,381 | -51,480 | -102,391 | -142,004 | -146,317 | -192,398 | -454,554 | -418,270 | ||
| 4.3% | -138.6% | -47.2% | -44.4% | -23.4% | -5.4% | 6.2% | -2.4% | 5.8% | 8.2% | 8.0% | 10.6% | 12.6% | 10.5% | 9.5% | 10.5% | 6.2% | 4.2% | 3.1% | ||
| 0.08 | 0.04 | 0.92 | 0.04 | 0.05 | 0.10 | 0.14 | 0.05 | 0.04 | 0.16 | 0.12 | 0.26 | 0.46 | 0.47 | 0.37 | 0.31 | 0.23 | 0.05 | 0.02 | ||
| 22.39 | - | - | - | - | - | 15.13 | - | 15.66 | 11.24 | 11.48 | 8.31 | 6.84 | 8.51 | 9.49 | 8.49 | 15.00 | 23.07 | 31.31 | ||
| -320.5% | - | - | - | - | - | -107.9% | - | -52.9% | -1.9% | -5.4% | 11.3% | 19.3% | 3.9% | -12.4% | 39.2% | 14.8% | 28.4% | -77.0% | ||
| -13.7% | -45.2% | 0.5% | -18.6% | -17.6% | -12.4% | -6.7% | -8.8% | -3.1% | -0.2% | -0.4% | 1.2% | 2.4% | 0.4% | -1.2% | 4.1% | 0.9% | 1.2% | -2.4% | ||
| -211.46 | -82.20 | over 100 | -57.70 | -268.33 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Investments
fixed assets acquired| Item | 30-11-2025 | 30-11-2024 | 30-11-2023 | 30-11-2022 | 30-11-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €10,578 | €44,908 | €10,870 | €61,429 |
| Financial fixed assets | - | - | - | €500 | - |
| €76,963 | €101,374 | €101,226 | €117,925 | €124,489 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Pinehurst
The operating result for 2025 is a loss of €162,391, smaller than the loss of €214,312 in 2024.
Debt's share of the balance-sheet total is 95.7%.