Financials
- Fiscal year
- 2025
- Total assets
- €715,414
- Profit
- €119,162
- Solvency
- 64.6%
Total assets▲ 6.7%
Net result
20192025
PINES
ActiveSummary
PINES has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €462,192 and a net result of €119,162. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 68% of 3638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Activities of lawyers
NACE 69101
2 sites
Size
€715,414total assets 2025
- Equity
- €462,192
- Profit
- €119,162
Turnover not published (abridged schema)
Structure
- Holdings
- 1
Accounts 30 d early0 of 3 deeds read
Why 95+ Sector Legal and accounting activities (NACE 69)+ Liquidity: current ratio 5.87, cash €188,845+ Size: total assets €715,414+ Figures for FY 2025 (filed 31-03-2026)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 63% of its sector peers (NACE 69, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
90+8
equity 64.6% of total assets
Liquidity
83+9
short-term debt 8.0% · cash 26.4%
Profitability
90+54
return on assets 16.7%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: < 0.1%
10-2025: < 0.1%● 0.0% vs 09-2025
11-2025: < 0.1%▲ +3.8% vs 10-2025
12-2025: < 0.1%▲ +7.4% vs 11-2025
01-2026: < 0.1%▲ +3.4% vs 12-2025highest value
02-2026: < 0.1%● 0.0% vs 01-2026highest value
03-2026: < 0.1%▼ -3.3% vs 02-2026
04-2026: < 0.1%▼ -31.0% vs 03-2026lowest value
05-2026: < 0.1%● 0.0% vs 04-2026lowest value
06-2026: < 0.1%● 0.0% vs 05-2026lowest value
07-2026: < 0.1%● 0.0% vs 06-2026lowest value
08-2026: < 0.1%● 0.0% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Sector Legal and accounting activities (NACE 69) lowers the probability
- Liquidity: current ratio 5.87, cash €188,845 lowers the probability
- Size: total assets €715,414 lowers the probability for this profile
- Figures for FY 2025 (filed 31-03-2026) lowers the probability
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 5.87 against 4.68 in 2024; short-term debt: 8% and cash: 26.4% of total assets), and 35.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 69, micro). Better than this share of them on solvency 61%, liquidity 73%, profitability 51%, growth against the median 66%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €462,192
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
4 d early
2023
4 d early
2022
2 d early
2021
25 d early
2020
8 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 26 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close02-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Back to profitnet €119,162
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
By topic
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 30-04-2027
- 31-03-2026Annual accounts filed
- 30-09-2025Back to profit
- 26-04-2025Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Activities of lawyersNACE 69101
- Founded
- 24-12-1999
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.