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PineOmatic

Active
Public limited companyfounded 2021active for 5 yearsGentse Steenweg 132, 8340 Damme, Belgium27 active companies are registered at this addressKBO/BCE: BE 0765.247.054
Summary

PineOmatic has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€217,152) and a net result of -€13,848. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 5% of 382 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28930
1 site
Size
€336,630total assets 2025
Equity
-€217,152
Loss
-€13,848
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Accounts filed 31 days late1 of 4 deeds read
Why 53raises riskCapped at 59: negative equityLatest accounts 31 days late; 2 of the last 3 lateNegative equity -€217,152lowers riskSize: total assets €336,630Liquidity: current ratio 0.59, cash €53,616Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 16% of its sector peers (NACE 28, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -64.5% of total assets
Liquidity 20-1
short-term debt 164.5% · cash 15.9%
Profitability 19+1
return on assets -4.1%
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (979 companies, NACE 28, micro)
Last 24 months 11-2024: 4.3% 12-2024: 4.2%▼ -0.1 percentage points vs 11-2024 01-2025: 4.2%● unchanged vs 12-2024 02-2025: 4.2%● unchanged vs 01-2025 03-2025: 4.1%▼ -0.1 percentage points vs 02-2025 04-2025: 4.8%▲ +0.7 percentage points vs 03-2025 05-2025: 5.4%▲ +0.6 percentage points vs 04-2025 06-2025: 5.6%▲ +0.2 percentage points vs 05-2025 07-2025: 5.6%● unchanged vs 06-2025 08-2025: 6.5%▲ +0.9 percentage points vs 07-2025highest value 09-2025: 2.9%▼ -3.6 percentage points vs 08-2025 10-2025: 2.9%● unchanged vs 09-2025 11-2025: 1.9%▼ -1.0 percentage point vs 10-2025 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 1.9%● unchanged vs 02-2026 04-2026: 1.9%● unchanged vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026 06-2026: 2.0%▲ +0.1 percentage points vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.6%▲ +0.6 percentage points vs 07-2026 09-2026: 1.5%▼ -1.1 percentage points vs 08-2026lowest value 10-2026: 1.5%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.59, compared with 0.08 in 2024, below 1; short-term debt: 164.5% and cash: 15.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, micro): better than 4% on solvency, 13% on liquidity, 18% on profitability and 28% on growth.

The bankruptcy probability was computed on 20-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Latest accounts 31 days late; 2 of the last 3 late
NBB · filings
lowers risk · Size: total assets €336,630
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€217,152
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.59, cash €53,616
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€217,152
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filings
Deviation from the deadline
2025
31 days late
2024
21 days late
2023
61 days late
2022
88 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 50 days after the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 September (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · micro…

Financials · financial year 2025, full format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00495078.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€13,848▼ 319%
2024 · -€3,307
Working capital
-€227,993▼ 3.7%
2024 · -€219,833
Trend over the years

2022 to 2025, 4 financial years

The operating result recovers in 2025; 2025 is 67% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€11,136 2025 Net result-€13,848 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result-€314,645-€19,886€6,671▼ 66.5%€11,136▲ 66.9%
Net result-€319,672below the sector's middle half-€19,674within the sector's middle half-€3,307below the sector's middle half-€13,848below the sector's middle half▼ 319%
Equity-€219,672below the sector's middle half--€199,997below the sector's middle half▲ 9.0%-€203,304below the sector's middle half▼ 1.7%-€217,152below the sector's middle half▼ 6.8%
Total assets€100,805below the sector's middle half-€143,257within the sector's middle half▲ 42.1%€36,922below the sector's middle half▼ 74.2%€336,630below the sector's middle half▲ 812%
Debt€320,477-€343,255▲ 7.1%€240,226▼ 30.0%€553,782▲ 131%
Working capital-€248,162below the sector's middle half--€222,506below the sector's middle half▲ 10.3%-€219,833below the sector's middle half▲ 1.2%-€227,993below the sector's middle half▼ 3.7%
Solvency-217.9%below the sector's middle half--139.6%below the sector's middle half▲ 78.3pp-550.6%below the sector's middle half▼ 411.0pp-64.5%below the sector's middle half▲ 486.1pp
Current ratio0.23below the sector's middle half-0.35below the sector's middle half▲ 0.130.08below the sector's middle half▼ 0.270.59below the sector's middle half▲ 0.50
Return on assets (ROA)-317.1%below the sector's middle half-13.7%within the sector's middle half▲ 330.9pp-9.0%below the sector's middle half▼ 22.7pp-4.1%below the sector's middle half▲ 4.8pp
above within below the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €336,630
Fixed assets €10,841 ▼ 34.4%
Current assets €325,789 ▲ 1,498%
Equity and liabilities
Equity-€217,152
Debt€553,782
Equity is negative: debt (€553,782) exceeds the balance-sheet total (€336,630).
Key figures and ratios
2025 value · change against 2024
EBITDA
€16,824▲
2024 · €12,652
Cash flow
-€8,160▼
2024 · €2,674
Interest coverage
0.67▼
2024 · 1.27
Debt ≤ 1 year
€553,782▲
2024 · €240,226
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 88.7% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a small loss
5.1% went bankrupt
5.4% stopped otherwise
88.7% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,564 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€36,922€336,630▲
Fixed assets21/28€16,528€10,841▼
Intangible fixed assets21€16,502€10,841▼
Tangible fixed assets22/27€26€0▼
Furniture and vehicles24€26€0▼
Current assets29/58€20,393€325,789▲
Amounts receivable within one year40/41€14,194€272,173▲
Trade receivables40€12,751€268,584▲
Other amounts receivable41€1,443€3,589▲
Cash at bank and in hand54/58€6,200€53,616▲
Equity and liabilities
Total equity and liabilities10/49€36,922€336,630▲
Equity10/15-€203,304-€217,152▼
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Profit (loss) carried forward14-€303,304-€317,152▼
Amounts payable17/49€240,226€553,782▲
Amounts payable within one year42/48€240,226€553,782▲
Trade debts44€45,775€323,877▲
Suppliers440/4€45,775€323,877▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€194,451€229,905▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,981€5,688▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8,356-€8,356▼
Other operating charges640/8€126€8,484▲
Gross operating margin9900€21,134€16,952▼
Operating profit (loss)9901€6,671€11,136▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€9,978€24,984▲
Recurring financial charges65€9,978€24,984▲
Profit (loss) for the period before taxes9903-€3,307-€13,848▼
Profit (loss) for the period9904-€3,307-€13,848▼
Profit (loss) for the period to be appropriated9905-€3,307-€13,848▼
Appropriation of the result
Profit (loss) to be appropriated9906-€303,304-€317,152▼
Profit (loss) brought forward from the previous period14P-€299,997-€303,304▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Remuneration, social security and pensions62€74,630€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,918€5,981€5,981€5,688▼ 4.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€8,356-€8,356-
Other operating charges640/8€1,000€1,568€126€8,484▲ 6,633%
Gross operating margin9900-€231,097€27,435€21,134€16,952▼ 19.8%
Operating profit (loss)9901-€314,645€19,886€6,671€11,136▲ 66.9%
Financial income75/76B-€681€0--
Recurring financial income75-€681€0--
Financial charges65/66B€4,855€892€9,978€24,984▲ 150%
Recurring financial charges65€4,855€892€9,978€24,984▲ 150%
Profit (loss) for the period before taxes9903-€319,499€19,674-€3,307-€13,848▼ 319%
Income taxes67/77€172€0---
Profit (loss) for the period9904-€319,672€19,674-€3,307-€13,848▼ 319%
Profit (loss) for the period to be appropriated9905-€319,672€19,674-€3,307-€13,848▼ 319%
Line2022202320242025Change
Assets
Total assets20/58€100,805€143,257€36,922€336,630▲ 812%
Fixed assets21/28€28,490€22,509€16,528€10,841▼ 34.4%
Intangible fixed assets21€27,825€22,163€16,502€10,841▼ 34.3%
Tangible fixed assets22/27€665€346€26€0▼ 100%
Furniture and vehicles24€665€346€26€0▼ 100%
Current assets29/58€72,316€120,748€20,393€325,789▲ 1,498%
Stocks and contracts in progress3€43,500€0---
Stocks30/36€43,500€0---
Amounts receivable within one year40/41€28,816€107,002€14,194€272,173▲ 1,818%
Trade receivables40€24,332€100,983€12,751€268,584▲ 2,006%
Other amounts receivable41€4,483€6,019€1,443€3,589▲ 149%
Cash at bank and in hand54/58-€13,746€6,200€53,616▲ 765%
Equity and liabilities
Total equity and liabilities10/49€100,805€143,257€36,922€336,630▲ 812%
Equity10/15-€219,672-€199,997-€203,304-€217,152▼ 6.8%
Contributions10/11€100,000€100,000€100,000€100,000=
Capital10€100,000€100,000€100,000€100,000=
Issued capital100€100,000€100,000€100,000€100,000=
Profit (loss) carried forward14-€319,672-€299,997-€303,304-€317,152▼ 4.6%
Amounts payable17/49€320,477€343,255€240,226€553,782▲ 131%
Amounts payable within one year42/48€320,477€343,255€240,226€553,782▲ 131%
Current portion of amounts payable after more than one year42€121,319€0---
Trade debts44€197,476€157,197€45,775€323,877▲ 608%
Suppliers440/4€197,476€157,197€45,775€323,877▲ 608%
Taxes, remuneration and social security45€172€172€0--
Taxes450/3€172€172€0--
Other amounts payable47/48€1,510€185,885€194,451€229,905▲ 18.2%
Line2022202320242025Change
Profit (loss) for the period9904-€319,672€19,674-€3,307-€13,848▼ 319%
+ Depreciation and write-downs630€7,918€5,981€5,981€5,688▼ 4.9%
Operating cash flow (approximation)-€311,754€25,655€2,674-€8,160-
Investment in fixed assets (approximation)-€0€0€0-
Change in cash---€7,546€47,417-

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

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2025 full format 31-08-2026 2026-00495078
31-12-2024 abbreviated format 21-08-2025 2025-00393130
31-12-2023 micro format 30-09-2024 2024-00483865
31-12-2022 micro format 27-10-2023 2023-00498715

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 126 active companies whose main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28930), figures are known for 100. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 16 March 2021, PineOmatic was incorporated as a public limited company.1 Total assets went from €100,805 in 2022 to €336,630 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2022 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
financial year 2025 · full format · 31 days late
2025
21-08
NBB filing Annual accounts filed
financial year 2024 · abbreviated format · 21 days late
2024
30-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 61 days late
26-03
Gazette deed Amendment of the articles
Registered office clause · Purpose change · Capital7 facts ▸
  • Other provision, “inschrijving rechtspersonenregister, Rechtspersonenregister van Gent (Afdeling Brugge)” (deed in Dutch)
  • General meeting, 21-12-2023
  • Amendment of the articles (2 times)
  • Registered office clause, “Gentse Steenweg 132, Sijsele” (deed in Dutch)
  • Purpose change
  • Capital, €100,000
  • Power of attorney
2023
31-12
Financial Back to profitnet €19,674
Net result €19,674 after one loss-making year.
27-10
NBB filing Annual accounts filed
financial year 2022 · micro format · 88 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded16-03-2021
Financial year end31-12
Activities, NACEBEL 2025
28930Manufacture of machinery and equipment not elsewhere classified
46649Wholesale of other machinery and equipment
47210Retail sale of fruit and vegetables
47789Other retail sale of new goods
77223Rental and leasing activities
Contact
E-mail hdh@pineomatic.com
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 21 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Damme · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
6.9 ha
Building footprint
8,164 m²
Building volume
87,289 m³
Parcel 31026B0330/00E000, Flanders · tallest building 30.6 m. Linked by address, not a title deed.
27 companies at this address See who is registered here
1 establishment unit
PINEOMATIC
Gentse Steenweg 132, 8340 DammeManufacture of machinery and equipment not elsewhere classified
since 2021unit no. 2.318.048.590
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
31026B0330/00E000 Flanders 6.9 ha 1 · 8,164 m² 30.6 m · 4
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
PineOmatic
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 26-03-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Alle handelingen nodig of dienstig tot verwezenlijking voorwerp behoudens alleen algemene vergadering bevoegd volgens wet of statuten, 6…” (deed in Dutch)

deed of 26-03-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Friday of June at 16:00

deed of 26-03-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Dagelijks bestuur en gedelegeerd bestuurder, bestuursorgaan kan hen op elk ogenblik ontslaan” (deed in Dutch)
Other provision: “Toelating tot vergaderingen, rechten mogen niet geschorst zijn;indien enkel stemrechten geschorst mag nog deelnemen zonder stemming” (deed in Dutch)
Other provision: “Stemrecht, 1” (deed in Dutch)
Other provision: “Verdeling winst-aanleg reserves, bestuursorgaan” (deed in Dutch)
Liquidation distribution: “Bij niet-volgestorte aandelen herstelling evenwicht door bijkomende volstorting of voorafgaandelijke terugbetalingen aan meer volgestorte…” (deed in Dutch)

deed of 26-03-2024