PINGA & CO
ActiveSummary
PINGA & CO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€24,666) and a net result of €5,686. Equity is shrinking by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+55
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.04 in 2024; short-term debt: 125% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-25%
Return on assets
5.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 7%
← weakest
strongest →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
1 d late
2023
31 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
90 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 28 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€24,666▲ 18.7%
2024 · -€30,352
Total assets
€98,687▼ 2.3%
2024 · €101,057
Net result
€5,686
2024 · -€1,908
Working capital
-€121,057▲ 4.4%
2024 · -€126,664
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,424▲ 5.1%-€5,469▲ 68.6%-€6,156▼ 12.6%-€402▲ 93.5%€7,553
Net result-€19,238below the sector's middle half▼ 36.5%-€9,296below the sector's middle half▲ 51.7%-€7,892below the sector's middle half▲ 15.1%-€1,908below the sector's middle half▲ 75.8%€5,686within the sector's middle half
Equity-€11,255below the sector's middle half-€20,551below the sector's middle half▼ 82.6%-€28,444below the sector's middle half▼ 38.4%-€30,352below the sector's middle half▼ 6.7%-€24,666below the sector's middle half▲ 18.7%
Total assets€101,760within the sector's middle half▼ 15.5%€101,608within the sector's middle half▼ 0.1%€98,349within the sector's middle half▼ 3.2%€101,057within the sector's middle half▲ 2.8%€98,687within the sector's middle half▼ 2.3%
Debt€113,015▲ 0.5%€122,159▲ 8.1%€126,792▲ 3.8%€131,409▲ 3.6%€123,353▼ 6.1%
Working capital-€111,604▼ 18.4%-€119,211▼ 6.8%-€125,582▼ 5.3%-€126,664▼ 0.9%-€121,057▲ 4.4%
Solvency-11.1%below the sector's middle half▼ 17.7pp-20.2%below the sector's middle half▼ 9.2pp-28.9%below the sector's middle half▼ 8.7pp-30.0%below the sector's middle half▼ 1.1pp-25.0%below the sector's middle half▲ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7,553 after a loss of €402 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,687
Fixed assets
€96,391 ▲ 0.1%
Current assets
€2,296 ▼ 51.6%
Key figures and ratios
EBITDA
€10,374▲
2024 · €725
Cash flow
€8,508▲
2024 · -€782
Current ratio
0.02▼
2024 · 0.04
Debt to equity
-5.00▼
2024 · -4.33
ROA
5.8%▲
2024 · -1.9%
Interest coverage
8.80▲
2024 · 0.59
Debt ≤ 1 year
€123,353▼
2024 · €131,409
Income taxes
€688▲
2024 · €287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,885 | €1,690 | €1,521 | €1,127 | €2,821 | ▲ 150% |
| Other operating charges640/8 | €773 | €1,012 | €1,378 | €1,910 | €870 | ▼ 54.5% |
| Gross operating margin9900 | -€14,766 | -€2,767 | -€3,257 | €2,634 | €11,244 | ▲ 327% |
| Operating profit (loss)9901 | -€17,424 | -€5,469 | -€6,156 | -€402 | €7,553 | ▲ 1,979% |
| Financial income75/76B | €476 | - | €0 | €1 | - | - |
| Recurring financial income75 | €476 | - | €0 | €1 | - | - |
| Financial charges65/66B | €2,007 | €2,002 | €1,736 | €1,220 | €1,178 | ▼ 3.4% |
| Recurring financial charges65 | €2,007 | €2,002 | €1,736 | €1,220 | €1,178 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | -€18,955 | -€7,470 | -€7,892 | -€1,621 | €6,374 | ▲ 493% |
| Income taxes67/77 | €284 | €1,826 | - | €287 | €688 | ▲ 140% |
| Profit (loss) for the period9904 | -€19,238 | -€9,296 | -€7,892 | -€1,908 | €5,686 | ▲ 398% |
| Profit (loss) for the period to be appropriated9905 | -€19,238 | -€9,296 | -€7,892 | -€1,908 | €5,686 | ▲ 398% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,760 | €101,608 | €98,349 | €101,057 | €98,687 | ▼ 2.3% |
| Fixed assets21/28 | €100,349 | €98,659 | €97,138 | €96,312 | €96,391 | ▲ 0.1% |
| Tangible fixed assets22/27 | €10,349 | €8,659 | €7,138 | €6,012 | €6,091 | ▲ 1.3% |
| Plant, machinery and equipment23 | €7,425 | €6,466 | €5,555 | €4,886 | €3,993 | ▼ 18.3% |
| Furniture and vehicles24 | €2,924 | €2,193 | €1,583 | €1,126 | €2,098 | ▲ 86.3% |
| Financial fixed assets28 | €90,000 | €90,000 | €90,000 | €90,300 | €90,300 | = |
| Current assets29/58 | €1,411 | €2,948 | €1,211 | €4,745 | €2,296 | ▼ 51.6% |
| Amounts receivable within one year40/41 | €826 | €2,195 | €600 | €2,813 | €1,723 | ▼ 38.8% |
| Trade receivables40 | €826 | €2,185 | €600 | €2,813 | €1,723 | ▼ 38.8% |
| Other amounts receivable41 | €0 | €10 | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | - | €52 | - | - |
| Deferred charges and accrued income490/1 | €585 | €753 | €611 | €1,881 | €573 | ▼ 69.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,760 | €101,608 | €98,349 | €101,057 | €98,687 | ▼ 2.3% |
| Equity10/15 | -€11,255 | -€20,551 | -€28,444 | -€30,352 | -€24,666 | ▲ 18.7% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €14,158 | €14,158 | €14,158 | €14,158 | €14,158 | = |
| Non-distributable reserves130/1 | €14,158 | €14,158 | €14,158 | €14,158 | €14,158 | = |
| Reserves not available under the articles1311 | €14,158 | €14,158 | €14,158 | €14,158 | €14,158 | = |
| Profit (loss) carried forward14 | -€27,413 | -€36,709 | -€44,601 | -€46,510 | -€40,823 | ▲ 12.2% |
| Amounts payable17/49 | €113,015 | €122,159 | €126,792 | €131,409 | €123,353 | ▼ 6.1% |
| Amounts payable within one year42/48 | €113,015 | €122,159 | €126,792 | €131,409 | €123,353 | ▼ 6.1% |
| Financial debts43 | €1,226 | €1,031 | €1,191 | - | €1,197 | - |
| Credit institutions430/8 | €1,226 | €1,031 | €1,191 | - | €1,197 | - |
| Trade debts44 | €3,523 | €2,957 | €4,552 | €6,335 | €4,958 | ▼ 21.7% |
| Suppliers440/4 | €3,523 | €2,957 | €4,552 | €6,335 | €4,958 | ▼ 21.7% |
| Advances received on contracts in progress46 | €1,000 | €1,000 | €1,000 | €2,550 | €2,550 | = |
| Taxes, remuneration and social security45 | €5,483 | €15,317 | €15,893 | €9,706 | €7,632 | ▼ 21.4% |
| Taxes450/3 | €4,460 | €7,498 | €8,080 | €3,372 | €5,122 | ▲ 51.9% |
| Remuneration and social security454/9 | €1,023 | €7,818 | €7,813 | €6,334 | €2,510 | ▼ 60.4% |
| Other amounts payable47/48 | €101,784 | €101,854 | €104,156 | €112,818 | €107,015 | ▼ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,238 | -€9,296 | -€7,892 | -€1,908 | €5,686 | ▲ 398% |
| + Depreciation and write-downs630 | €1,885 | €1,690 | €1,521 | €1,127 | €2,821 | ▲ 150% |
| Operating cash flow (approximation) | -€17,354 | -€7,607 | -€6,371 | -€782 | €8,508 | ▲ 1,188% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€300 | -€2,901 | ▼ 867% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €5,686
Net result €5,686 after 5 loss-making years.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€19,238
Net result drops to -€19,238, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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 · 1 establishment unit since 2010
Ground area
1,994 m²
Building footprint
282 m²
Volume, LiDAR
993 m³
2 parcels, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pinga & Co
since 20102.192.410.826
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0281/00T002 | Wallonia | 1,093 m² | 1 · 187 m² | 7.0 m · 2 fl. |
| 25762F0360/00A000 | Wallonia | 901 m² | 1 · 95 m² | - |
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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 20,477 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
Founded08-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830100363
Also
9925:BE0830100363
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.