PING
ActiveSummary
PING has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,773 and a net result of €13,675. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 13560 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency75▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 4.61 against 9.64 in 2024; short-term debt: 15.3% and cash: 13.4% of total assets), but 50.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.5%
Return on assets
6.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
62 d early
2023
56 d early
2022
101 d late
2021
20 d early
2020
75 d late
2019
137 d late
← 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 16 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,675
2024 · -€34,638
Working capital
€120,025▲ 1.5%
2024 · €118,254
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€57,455▲ 126%€10,456▼ 81.8%€17,209▲ 64.6%-€33,072€19,112
Net result€45,182▲ 518%€8,421▼ 81.4%€20,357▲ 142%-€34,638€13,675
Equity€99,959▲ 82.5%€108,380▲ 8.4%€128,737▲ 18.8%€94,098▼ 26.9%€107,773▲ 14.5%
Total assets€150,349▲ 27.1%€163,479▲ 8.7%€142,360▼ 12.9%€155,104▲ 9.0%€217,682▲ 40.3%
Debt€50,390▼ 20.7%€55,099▲ 9.3%€13,623▼ 75.3%€13,691▲ 0.5%€62,595▲ 357%
Working capital€72,662▲ 108%€95,967▲ 32.1%€100,206▲ 4.4%€118,254▲ 18.0%€120,025▲ 1.5%
Staff (FTE)0.4▼ 60.0%2.4▲ 500%0.4▼ 83.3%1.8▲ 350%1▼ 44.4%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19,112 after a loss of €33,072 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217,682
Fixed assets
€64,440 ▲ 178%
Current assets
€153,243 ▲ 16.1%
Equity and liabilities €217,682
Equity
€107,773 ▲ 14.5%
Provisions
€47,314 =
Debt
€62,595 ▲ 357%
Debt's share of the balance-sheet total rises from 8.8% to 28.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,039▲
2024 · -€21,694
Cash flow
€20,602▲
2024 · -€23,260
Current ratio
4.61▼
2024 · 9.64
Quick ratio
4.60▼
2024 · 9.59
Debt to equity
0.58▲
2024 · 0.15
ROE
12.7%▲
2024 · -36.8%
ROA
6.3%▲
2024 · -22.3%
Interest coverage
7.75▲
2024 · -14.12
Debt ≤ 1 year
€33,218▲
2024 · €13,691
Debt > 1 year
€29,377
Income taxes
€2,352▲
2024 · €398
Staff costs
€6,767▼
2024 · €11,656
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,324 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,180 | €17,448 | €3,185 | €11,656 | €6,767 | ▼ 41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,340 | €17,432 | €11,998 | €11,378 | €6,927 | ▼ 39.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €47,314 | - | - |
| Other operating charges640/8 | €3,907 | €897 | €1,741 | €1,260 | €1,523 | ▲ 20.9% |
| Gross operating margin9900 | €88,882 | €46,233 | €34,133 | €38,535 | €34,329 | ▼ 10.9% |
| Operating profit (loss)9901 | €57,455 | €10,456 | €17,209 | -€33,072 | €19,112 | ▲ 158% |
| Financial income75/76B | €34 | €56 | €1,011 | €368 | €274 | ▼ 25.7% |
| Recurring financial income75 | €34 | €56 | €1,011 | €368 | €274 | ▼ 25.7% |
| Financial charges65/66B | €1,901 | €2,091 | €2,339 | €1,537 | €3,359 | ▲ 119% |
| Recurring financial charges65 | €1,901 | €2,091 | €2,339 | €1,537 | €3,359 | ▲ 119% |
| Profit (loss) for the period before taxes9903 | €55,588 | €8,421 | €15,881 | -€34,241 | €16,027 | ▲ 147% |
| Income taxes67/77 | €10,406 | - | -€4,476 | €398 | €2,352 | ▲ 492% |
| Profit (loss) for the period9904 | €45,182 | €8,421 | €20,357 | -€34,638 | €13,675 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €45,182 | €8,421 | €20,357 | -€34,638 | €13,675 | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150,349 | €163,479 | €142,360 | €155,104 | €217,682 | ▲ 40.3% |
| Fixed assets21/28 | €45,319 | €30,435 | €31,188 | €23,158 | €64,440 | ▲ 178% |
| Tangible fixed assets22/27 | €45,219 | €30,335 | €31,088 | €23,058 | €64,340 | ▲ 179% |
| Plant, machinery and equipment23 | €10,139 | €2,573 | €1,080 | €475 | €155 | ▼ 67.3% |
| Furniture and vehicles24 | €34,662 | €27,530 | €18,082 | €10,549 | €43,890 | ▲ 316% |
| Other tangible fixed assets26 | €418 | €232 | €11,926 | €12,034 | €20,294 | ▲ 68.6% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €105,030 | €133,044 | €111,172 | €131,946 | €153,243 | ▲ 16.1% |
| Stocks and contracts in progress3 | €3,700 | €2,414 | €2,962 | €579 | €595 | ▲ 2.8% |
| Stocks30/36 | €3,700 | €2,414 | €2,962 | €579 | €595 | ▲ 2.8% |
| Amounts receivable within one year40/41 | €90,313 | €127,346 | €90,599 | €113,721 | €119,276 | ▲ 4.9% |
| Trade receivables40 | €4,025 | €5,515 | €6,794 | €51,033 | €58,411 | ▲ 14.5% |
| Other amounts receivable41 | €86,288 | €121,831 | €83,805 | €62,688 | €60,865 | ▼ 2.9% |
| Current investments50/53 | €1,101 | €1,100 | €1,101 | €1,101 | €1,101 | = |
| Cash at bank and in hand54/58 | €8,564 | €993 | €16,511 | €11,215 | €29,253 | ▲ 161% |
| Deferred charges and accrued income490/1 | €1,352 | €1,191 | - | €5,331 | €3,018 | ▼ 43.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150,349 | €163,479 | €142,360 | €155,104 | €217,682 | ▲ 40.3% |
| Equity10/15 | €99,959 | €108,380 | €128,737 | €94,098 | €107,773 | ▲ 14.5% |
| Contributions10/11 | €431,000 | €431,000 | €431,000 | €431,000 | €431,000 | = |
| Outside capital11 | - | €431,000 | - | - | - | - |
| Other1109/19 | - | €431,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€331,041 | -€322,620 | -€302,263 | -€336,902 | -€323,227 | ▲ 4.1% |
| Provisions and deferred taxes16 | - | - | - | €47,314 | €47,314 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €47,314 | €47,314 | = |
| Other liabilities and charges164/5 | - | - | - | €47,314 | €47,314 | = |
| Amounts payable17/49 | €50,390 | €55,099 | €13,623 | €13,691 | €62,595 | ▲ 357% |
| Amounts payable after more than one year17 | €18,022 | €18,022 | €1,457 | - | €29,377 | - |
| Financial debts170/4 | €18,022 | €18,022 | €1,457 | - | €29,377 | - |
| Amounts payable within one year42/48 | €32,369 | €37,077 | €10,966 | €13,691 | €33,218 | ▲ 143% |
| Current portion of amounts payable after more than one year42 | €11,323 | €5,686 | €7,957 | €2,146 | €8,315 | ▲ 288% |
| Trade debts44 | €8,116 | €19,580 | €0 | €3,224 | €5,281 | ▲ 63.8% |
| Suppliers440/4 | €8,116 | €19,580 | €0 | €3,224 | €5,281 | ▲ 63.8% |
| Taxes, remuneration and social security45 | €9,930 | €9,111 | €309 | €2,804 | €372 | ▼ 86.7% |
| Taxes450/3 | €8,617 | €8,615 | €309 | €1,436 | €372 | ▼ 74.1% |
| Remuneration and social security454/9 | €1,313 | €496 | - | €1,368 | - | - |
| Other amounts payable47/48 | €3,000 | €2,700 | €2,700 | €5,518 | €19,249 | ▲ 249% |
| Accrued charges and deferred income492/3 | - | - | €1,200 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,182 | €8,421 | €20,357 | -€34,638 | €13,675 | ▲ 139% |
| + Depreciation and write-downs630 | €16,340 | €17,432 | €11,998 | €11,378 | €6,927 | ▼ 39.1% |
| Operating cash flow (approximation) | €61,522 | €25,853 | €32,355 | -€23,260 | €20,602 | ▲ 189% |
| Investment in fixed assets (approximation) | - | -€2,548 | -€12,751 | -€3,348 | -€48,209 | ▼ 1,340% |
| Change in cash | - | -€7,571 | €15,518 | -€5,296 | €18,038 | ▲ 441% |
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
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €13,675
Net result €13,675 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €107,773 ▲14.5%
Equity rises from €94,098 to €107,773.
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€34,638
Net result drops to -€34,638, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 10.14
Current ratio from 3.59 to 10.14; short-term debt falls from €37,077 to €10,966.
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
31-12
Financial
Equity above €100,000Eq €108,380 ▲8.4%
3 profitable years in a row build equity to €108,380.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €45,182 ▲518%
Operating result €57,455, net result €45,182, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.24
Current ratio from 1.55 to 3.24; short-term debt falls from €63,525 to €32,369.
Show earlier events
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
2020
31-12
Financial
Back to profitnet €7,314
Net result €7,314 after one loss-making year.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 145 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 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, Waterloo · 2 establishment units since 1995
Ground area
982 m²
Building footprint
323 m²
Volume, LiDAR
3,299 m³
2 parcels, Flanders, Wallonia · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
PING
since 19952.055.514.726
PING
since 20032.132.757.410
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762F0009/00B000 | Wallonia | 723 m² | 1 · 235 m² | 16.6 m · 4 fl. |
| 23013A0120/00L004 | Flanders | 259 m² | 1 · 88 m² | 10.9 m · 1 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.
Structure & network
Owners and holdings
1 ownerChain of control
- WENINVEST
- PING
Highest known parent: WENINVEST. The sources do not say who stands above it.
Owners 1
- WENINVESTparentSourceaccounts WENINVEST 202458%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaterloo2.132.757.410
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CATOCHE
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JON'S GARDEN MING
BE 0839.953.484
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TURPIN
BE 1008.538.494
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,482 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
Founded05-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445795172
Registered
01-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.