PINGA GROUP
ActiveSummary
PINGA GROUP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.26M and a net result of €457k. Equity is growing by ~67.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 2053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 30.44 against 73.45 in 2024; short-term debt: 2.7% and cash: 62.5% of total assets), and 8.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
91.9%
Return on assets
33.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
19 d late
2024
13 d late
2023
36 d early
2022
42 d early
2021
26 d late
2020
13 d late
2019
21 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.26M▲ 39.6%
2024 · €902k
2018: €17klowest in 8 years
2019: €78k▲ +363% vs 2018
2020: €130k▲ +66.6% vs 2019
2021: €176k▲ +35.2% vs 2020
2022: €319k▲ +81.6% vs 2021
2023: €621k▲ +94.7% vs 2022
2024: €902k▲ +45.2% vs 2023
2025: €1.26M▲ +39.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.37M▲ 50.1%
2024 · €913k
2018: €122klowest in 8 years
2019: €148k▲ +21.2% vs 2018
2020: €163k▲ +10.0% vs 2019
2021: €218k▲ +33.9% vs 2020
2022: €348k▲ +59.6% vs 2021
2023: €639k▲ +83.7% vs 2022
2024: €913k▲ +42.9% vs 2023
2025: €1.37M▲ +50.1% vs 2024highest in 8 years
2018 → 2025
Net result
€457k▲ 62.8%
2024 · €281k
2018: €4klowest in 8 years
2019: €61k▲ +1277% vs 2018
2020: €52k▼ -15.1% vs 2019
2021: €46k▼ -11.9% vs 2020
2022: €143k▲ +213% vs 2021
2023: €296k▲ +106% vs 2022
2024: €281k▼ -5.1% vs 2023
2025: €457k▲ +62.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€1.08M▲ 39.3%
2024 · €774k
2018: €-86klowest in 8 years
2019: €-8k▲ +91.2% vs 2018
2020: €27k▲ +460% vs 2019
2021: €72k▲ +163% vs 2020
2022: €229k▲ +218% vs 2021
2023: €481k▲ +110% vs 2022
2024: €774k▲ +61.0% vs 2023
2025: €1.08M▲ +39.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€176k-€319k▲ 81.6%€621k▲ 94.7%€902k▲ 45.2%€1.26M▲ 39.6%
2021: €176klowest in 5 years
2022: €319k▲ +81.6% vs 2021
2023: €621k▲ +94.7% vs 2022
2024: €902k▲ +45.2% vs 2023
2025: €1.26M▲ +39.6% vs 2024highest in 5 years
Operating result€53k-€163k▲ 208%€307k▲ 88.6%€292k▼ 5.1%€472k▲ 61.9%
2021: €53klowest in 5 years
2022: €163k▲ +208% vs 2021
2023: €307k▲ +88.6% vs 2022
2024: €292k▼ -5.1% vs 2023
2025: €472k▲ +61.9% vs 2024highest in 5 years
Net result€46k-€143k▲ 213%€296k▲ 106%€281k▼ 5.1%€457k▲ 62.8%
2021: €46klowest in 5 years
2022: €143k▲ +213% vs 2021
2023: €296k▲ +106% vs 2022
2024: €281k▼ -5.1% vs 2023
2025: €457k▲ +62.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.37M
Fixed assets
€256k ▲ 99.1%
Current assets
€1.11M ▲ 42.1%
Equity and liabilities €1.37M
Equity
€1.26M ▲ 39.6%
Debt
€112k ▲ 895%
Debt's share of the balance-sheet total rises from 1.2% to 8.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€504k▲
2024 · €310k
Cash flow
€489k▲
2024 · €300k
Current ratio
30.44▼
2024 · 73.45
Debt to equity
0.09▲
2024 · 0.01
ROE
36.3%▲
2024 · 31.1%
ROA
33.4%▲
2024 · 30.8%
Interest coverage
1747.78▼
2024 · 2046.72
Debt ≤ 1 year
€37k▲
2024 · €11k
Debt > 1 year
€74k
Income taxes
€17k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€913k€1.37M▲
Fixed assets21/28€129k€256k▲
Intangible fixed assets21-€140k
Tangible fixed assets22/27€125k€114k▼
Land and buildings22€81k€77k▼
Furniture and vehicles24€45k€36k▼
Financial fixed assets28€3k€3k=
Current assets29/58€784k€1.11M▲
Amounts receivable within one year40/41€229k€255k▲
Trade receivables40€6k€36k▲
Other amounts receivable41€223k€218k▼
Current investments50/53€500k-
Cash at bank and in hand54/58€53k€857k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€913k€1.37M▲
Equity10/15€902k€1.26M▲
Contributions10/11€19k€19k=
Reserves13€883k€1.24M▲
Distributable reserves133€883k€1.24M▲
Amounts payable17/49€11k€112k▲
Amounts payable after more than one year17-€74k
Other amounts payable178/9-€74k
Amounts payable within one year42/48€11k€37k▲
Trade debts44€4k€28k▲
Suppliers440/4€4k€28k▲
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€7k€9k▲
Accrued charges and deferred income492/3€536€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€31k▲
Other operating charges640/8€885€975▲
Gross operating margin9900€311k€505k▲
Operating profit (loss)9901€292k€472k▲
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Financial charges65/66B€152€288▲
Recurring financial charges65€152€288▲
Profit (loss) for the period before taxes9903€296k€475k▲
Income taxes67/77€15k€17k▲
Profit (loss) for the period9904€281k€457k▲
Profit (loss) for the period to be appropriated9905€281k€457k▲
Appropriation of the result
Profit (loss) to be appropriated9906€281k€457k▲
Transfer from equity791/2-€100k
Transfer to equity691/2€281k€457k▲
To other reserves6921€281k€457k▲
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €28k | €33k | €19k | €31k | ▲ 67.1% |
| Other operating charges640/8 | €691 | €713 | €727 | €885 | €975 | ▲ 10.1% |
| Gross operating margin9900 | €101k | €192k | €340k | €311k | €505k | ▲ 62.1% |
| Operating profit (loss)9901 | €53k | €163k | €307k | €292k | €472k | ▲ 61.9% |
| Financial income75/76B | €1 | - | €11 | €5k | €3k | ▼ 37.9% |
| Recurring financial income75 | €1 | - | €11 | €5k | €3k | ▼ 37.9% |
| Financial charges65/66B | €154 | €182 | €177 | €152 | €288 | ▲ 90.0% |
| Recurring financial charges65 | €154 | €182 | €177 | €152 | €288 | ▲ 90.0% |
| Profit (loss) for the period before taxes9903 | €53k | €163k | €307k | €296k | €475k | ▲ 60.4% |
| Income taxes67/77 | €7k | €19k | €11k | €15k | €17k | ▲ 15.3% |
| Profit (loss) for the period9904 | €46k | €143k | €296k | €281k | €457k | ▲ 62.8% |
| Profit (loss) for the period to be appropriated9905 | €46k | €143k | €296k | €281k | €457k | ▲ 62.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218k | €348k | €639k | €913k | €1.37M | ▲ 50.1% |
| Fixed assets21/28 | €104k | €91k | €140k | €129k | €256k | ▲ 99.1% |
| Intangible fixed assets21 | €15k | €6k | - | - | €140k | - |
| Tangible fixed assets22/27 | €88k | €81k | €137k | €125k | €114k | ▼ 9.5% |
| Land and buildings22 | €24k | €22k | €78k | €81k | €77k | ▼ 4.4% |
| Plant, machinery and equipment23 | €6k | €2k | - | - | - | - |
| Furniture and vehicles24 | €59k | €57k | €59k | €45k | €36k | ▼ 18.8% |
| Financial fixed assets28 | - | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €114k | €258k | €499k | €784k | €1.11M | ▲ 42.1% |
| Amounts receivable within one year40/41 | €633 | €1k | €100k | €229k | €255k | ▲ 11.3% |
| Trade receivables40 | €633 | €550 | €87k | €6k | €36k | ▲ 502% |
| Other amounts receivable41 | - | €641 | €13k | €223k | €218k | ▼ 2.0% |
| Current investments50/53 | - | - | €300k | €500k | - | - |
| Cash at bank and in hand54/58 | €113k | €256k | €98k | €53k | €857k | ▲ 1,507% |
| Deferred charges and accrued income490/1 | €572 | €388 | €390 | €2k | €3k | ▲ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218k | €348k | €639k | €913k | €1.37M | ▲ 50.1% |
| Equity10/15 | €176k | €319k | €621k | €902k | €1.26M | ▲ 39.6% |
| Contributions10/11 | €12k | €12k | €19k | €19k | €19k | = |
| Reserves13 | €163k | €307k | €603k | €883k | €1.24M | ▲ 40.4% |
| Non-distributable reserves130/1 | €1k | €1k | €1k | - | - | - |
| Reserves not available under the articles1311 | €1k | €1k | €1k | - | - | - |
| Distributable reserves133 | €162k | €305k | €601k | €883k | €1.24M | ▲ 40.4% |
| Amounts payable17/49 | €42k | €29k | €18k | €11k | €112k | ▲ 895% |
| Amounts payable after more than one year17 | - | - | - | - | €74k | - |
| Other amounts payable178/9 | - | - | - | - | €74k | - |
| Amounts payable within one year42/48 | €42k | €29k | €18k | €11k | €37k | ▲ 243% |
| Trade debts44 | €13k | €4k | €13k | €4k | €28k | ▲ 612% |
| Suppliers440/4 | €13k | €4k | €13k | €4k | €28k | ▲ 612% |
| Taxes, remuneration and social security45 | €8k | €20k | €5k | €7k | €9k | ▲ 28.6% |
| Taxes450/3 | €8k | €20k | €5k | €7k | €9k | ▲ 28.6% |
| Other amounts payable47/48 | €22k | €4k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €536 | €1k | ▲ 88.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €143k | €296k | €281k | €457k | ▲ 62.8% |
| + Depreciation and write-downs630 | €48k | €28k | €33k | €19k | €31k | ▲ 67.1% |
| Operating cash flow (approximation) | €93k | €172k | €328k | €300k | €489k | ▲ 63.1% |
| Investment in fixed assets (approximation) | - | €-15k | €-82k | €-7k | €-159k | ▼ 2,110% |
| Change in cash | - | €143k | €-158k | €-45k | €804k | ▲ 1,902% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Highest result since 2018net €457k ▲62.8%
Operating result €472k, net result €457k, both a record.
31-12
Financial
Equity above €1MEq €1.26M ▲39.6%
8 profitable years in a row build equity to €1.26M.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 73.45
Current ratio from 27.60 to 73.45; short-term debt falls from €18k to €11k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 27.60
Current ratio from 8.89 to 27.60; short-term debt falls from €29k to €18k.
31-12
Financial
Equity above €500kEq €621k ▲94.7%
6 profitable years in a row build equity to €621k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 8.89
Current ratio from 2.70 to 8.89; short-term debt falls from €42k to €29k.
31-12
Financial
Equity above €200kEq €319k ▲81.6%
5 profitable years in a row build equity to €319k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Show earlier events
2021
31-12
Financial
Equity above €150kEq €176k ▲35.2%
4 profitable years in a row build equity to €176k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.83
Current ratio from 0.61 to 1.83.
31-12
Financial
Equity above €100kEq €130k ▲66.6%
3 profitable years in a row build equity to €130k.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2017
Ground area
202 m²
Building footprint
151 m²
Volume, LiDAR
1,861 m³
Parcel 44804D2849/00P002, Flanders · tallest building 27.5 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Gustaaf Callierlaan 56, 9000 Gent
since 20172.261.953.886
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2849/00P002 | Flanders | 201 m² | 1 · 151 m² | 27.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 5 entries · 61,430 EUR awarded · 35,683 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 11,430 EUR | 23,183 EUR |
| 2024 | 1 | 50,000 EUR | 12,500 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 947 companies in sector 85699 we hold annual accounts for 147. 78 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
Founded24-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
85699Other educational support services
26510Manufacture of computer, electronic and optical products
62100Computer programming
62200Computer consultancy and computer facilities management
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.