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PING

Active Private limited companyfounded 1991active for 34 yearsRue de la Station 220, 1410 WaterlooKBO/BCE: BE 0445.795.172 subsidiary of #8 oldest company in Waterloo, Accommodation and food service sector

Lifetime

20 annual accounts with figures on one time axis, 34 filings since 1992
peak €154,059 (2011)
€34,329▼ 10.9%
lowest -€59,845 (2008)
€13,675▲ €48,313
peak €128,737 (2023)
€107,773▲ 14.5%
€62,595▲ 357%
peak 7.4 FTE (2007)
-not published
Board1 name since 2007
1 director
Owners
  
Documentsfilings and deeds
01-06-202660 days before the deadline
2025micro format
Back to profit: €13,675Equity from €94,098 to €107,773Debts from €13,691 to €62,595Investments €48,209Cash from €11,215 to €29,253

Key points

from the 2025 annual accounts

Turnover

≈ €170,000 estimated

The accounts state no turnover.

Investments

€56,502 8.2 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Staff

1 FTE from 7.4 in 2007

Between 2007 and 2025, 86% of the full-time equivalents disappeared.

Liquidity

4.61 was 9.64 in 2024

Short-term debts rose from €13,691 to €33,218.

Filings

34 annual accounts since 1992
AprilJune31 JulyOctober200020102020

Six of the last ten came late. The 2018 accounts came latest: 145 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 31,356 companies had the same profile as PING has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the 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% 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 31,356 companies, not a prediction for PING. 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.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 08-04-2024
  • 58%score equity €3.3m (2025) · 2025 annual accounts of
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0445795172
Change of role: , from manager to director “La société a pour objet l'exploitation d'un hôtel,d'un restaurant,bar,brasserie ainsi que l'achat et la vente…” (deed in French) · Director discharge: (manager) · General meeting of 08-04-2024 · Gazette deed
New establishment in Waterloo Rue de la Station 220
First establishment Alsembergsesteenweg 105, Halle
All 47 events

Comparable companies

same main activity, similar in size and age
Company
PING Waterloo €217,682 €34,329 49.5% -
NEFERTETE Aalst €221,836 €34,022 97.9% -
SARDEGNA Tienen €242,245 €38,139 6.8% 0.7
SPIJSHUIS COCO Zwevegem €232,274 €29,354 32.2% -
TAVERNE-HOTEL MUSKE PITTER Mechelen €212,336 €39,620 -106.9% -
DJSI Diksmuide €232,761 €40,977 72.6% -
LE PRIEURE Beaumont €213,091 €39,905 -111.4% -

These companies have the same main activity as PING: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €212,000 and €242,000, founded between 1991 and 1996.

Official details

Source: KBO
Status
Active since 05-12-1991Normal situation
Activity
Full-service restaurantsNACE 56111
Establishment units
2.055.514.7261501 Halle, since 04-09-1995
2.132.757.4101410 Waterloo, since 30-06-2003
Financial year end
31 December
Peppol
Reachable since 01-11-2025
Company details

Annual accounts 2025

€217,682▲ 40.3%
Employeeson 31-12-2025
0
Filing
Filed on 01-06-2026, 60 days before the end of the filing period
Financials

Insights on PING

PING files the micro format. That format states no turnover. The gross margin fell from €116,808 in 2006 to €34,329 in 2025.

holds 58% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about PING

What is the company number of PING?
The company number of PING is 0445.795.172. The VAT number is the same number with BE in front: BE 0445.795.172.
Where is PING based?
The registered office is at Rue de la Station 220, 1410 Waterloo.Company details
What does PING do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of PING?
PING is a private limited company (BV).
When was PING founded?
PING was founded on 05-12-1991.
Is PING still active?
Yes, PING is an active enterprise in the KBO register.
How many employees does PING have?
PING had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PING?
The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €34,329 and 60 comparable companies (NACE 56111). It probably lies between €130,000 and €230,000.
Is PING profitable?
In financial year 2025, PING made a profit of €13,675.
Where can I find the annual accounts of PING?
PING filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PING due?
PING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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