PINGNET
ActiveFrom the official registers: KBO 15 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
PINGNET has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €391,749 and a net result of €4,101. Equity has been growing by about 9.3% per year since 2018. Its solvency ranks better than 80% of 39,242 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 14-06-2010 Normal situation
- Legal form
- Private limited company
- Registered office
- Vlieguit 12, 9830 Sint-Martens-Latem
- Activity
- Business and other management consultancy NACE 70200and 2 others
- Establishment unit
- 2.188.936.840 9830 Sint-Martens-Latem, since 23-06-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €53,850
- ▲ 6.8%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €4,101
- ▼ 96.4%
- Equity
- €391,749
- ▲ 1.1%
- Total assets
- €475,877
- ▲ 0.3%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed on 24-06-2026)Equity €391,749 (82.3% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 39% on liquidity, 17% on profitability and 44% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
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Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 24-06-2026
- Format
- micro format
- Reference
- 2026-00192317
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 7% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 6,049 companies had the same profile as PINGNET has now. Two years later, 0.4% had gone bankrupt and 96.0% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of PINGNET itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,049 companies, not a prediction for PINGNET. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,905 | €16,698 | €16,698 | €15,781 | €15,216 | €1,318 | €1,012 | €572 | ▼ 43.5% |
| Other operating charges640/8 | - | - | - | €928 | €936 | €1,017 | €1,092 | €1,075 | ▼ 1.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €378 | - |
| Gross operating margin9900 | €44,160 | €66,569 | €57,328 | €54,320 | €51,086 | €50,643 | €50,405 | €53,850 | ▲ 6.8% |
| Operating profit (loss)9901 | €26,307 | €48,937 | €39,704 | €37,611 | €34,934 | €48,308 | €48,300 | €51,825 | ▲ 7.3% |
| Financial income75/76B | - | - | - | €5,897 | €4,884 | €4,386 | €91,632 | €42 | ▼ 100.0% |
| Recurring financial income75 | €14,563 | €5,085 | €1,615 | €5,897 | €4,884 | €4,386 | €91,632 | €42 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €4,063 | €4,144 | €6,845 | €1,125 | €34,314 | ▲ 31× |
| Recurring financial charges65 | €2,678 | €2,625 | €1,375 | €4,063 | €4,144 | €6,845 | €1,125 | €34,314 | ▲ 31× |
| Profit (loss) for the period before taxes9903 | €38,192 | €51,398 | €39,944 | €39,445 | €35,673 | €45,849 | €138,807 | €17,552 | ▼ 87.4% |
| Income taxes67/77 | €10,817 | €14,399 | €11,362 | €10,501 | €9,610 | €12,231 | €24,062 | €13,451 | ▼ 44.1% |
| Profit (loss) for the period9904 | €27,374 | €36,998 | €28,581 | €28,945 | €26,063 | €33,618 | €114,746 | €4,101 | ▼ 96.4% |
| Profit (loss) for the period to be appropriated9905 | €27,374 | €36,998 | €28,581 | €28,945 | €26,063 | €33,618 | €114,746 | €4,101 | ▼ 96.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €456,111 | €487,564 | €453,288 | €476,129 | €409,313 | €353,999 | €474,520 | €475,877 | ▲ 0.3% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €60,845 | €46,430 | €29,732 | €15,770 | €2,612 | €2,059 | €1,046 | €2,578 | ▲ 146% |
| Tangible fixed assets22/27 | €60,845 | €46,430 | €29,732 | €15,770 | €2,612 | €2,059 | €1,046 | €2,578 | ▲ 146% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €1,489 | - |
| Furniture and vehicles24 | - | - | - | €15,770 | €2,612 | €2,059 | €1,046 | €1,089 | ▲ 4.1% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - | - | - | - |
| Current assets29/58 | €395,266 | €441,134 | €423,556 | €460,359 | €406,701 | €351,941 | €473,473 | €473,298 | = |
| Amounts receivable within one year40/41 | €27,084 | €30,862 | €27,569 | €72,791 | €97,876 | €84,244 | €84,244 | €118,532 | ▲ 40.7% |
| Trade receivables40 | - | - | - | €70,422 | €93,984 | €82,159 | €82,159 | €118,532 | ▲ 44.3% |
| Other amounts receivable41 | - | - | - | €2,369 | €3,892 | €2,085 | €2,085 | €0 | ▼ 100% |
| Current investments50/53 | €160,844 | €166,761 | €167,294 | €141,425 | €145,747 | €143,820 | €362,299 | €330,613 | ▼ 8.7% |
| Cash at bank and in hand54/58 | €207,338 | €243,511 | €228,692 | €246,143 | €163,077 | €123,876 | €26,930 | €24,154 | ▼ 10.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €456,111 | €487,564 | €453,288 | €476,129 | €409,313 | €353,999 | €474,520 | €475,877 | ▲ 0.3% |
| Equity10/15 | €375,821 | €412,820 | €241,401 | €270,346 | €296,409 | €330,027 | €387,648 | €391,749 | ▲ 1.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €357,221 | €394,220 | €222,801 | €251,746 | €277,809 | €311,427 | €369,048 | €373,149 | ▲ 1.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €249,886 | €275,949 | €311,427 | €369,048 | €373,149 | ▲ 1.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €80,290 | €74,744 | €211,887 | €205,783 | €112,904 | €23,973 | €86,871 | €84,127 | ▼ 3.2% |
| Amounts payable within one year42/48 | €80,290 | €74,744 | €211,887 | €205,783 | €112,904 | €23,973 | €86,871 | €84,127 | ▼ 3.2% |
| Trade debts44 | €765 | €1,050 | €1,692 | €1,169 | €199 | €1,019 | €331 | €119 | ▼ 64.2% |
| Suppliers440/4 | - | - | - | €1,169 | €199 | €1,019 | €331 | €119 | ▼ 64.2% |
| Taxes, remuneration and social security45 | - | - | - | €5,924 | €5,503 | €8,322 | €9,272 | €6,758 | ▼ 27.1% |
| Taxes450/3 | - | - | - | €5,924 | €5,503 | €5,543 | €9,272 | €6,758 | ▼ 27.1% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,779 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €198,690 | €107,202 | €14,631 | €77,268 | €77,250 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,374 | €36,998 | €28,581 | €28,945 | €26,063 | €33,618 | €114,746 | €4,101 | ▼ 96.4% |
| + Depreciation and write-downs630 | €16,905 | €16,698 | €16,698 | €15,781 | €15,216 | €1,318 | €1,012 | €572 | ▼ 43.5% |
| Operating cash flow (approximation) | €44,279 | €53,696 | €45,279 | €44,726 | €41,279 | €34,936 | €115,758 | €4,673 | ▼ 96.0% |
| Investment in fixed assets (approximation) | - | -€2,283 | €0 | -€1,819 | -€2,058 | -€765 | €0 | -€2,104 | - |
| Change in cash | - | €36,173 | -€14,818 | €17,451 | -€83,066 | -€39,201 | -€96,946 | -€2,776 | ▲ 97.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00192317 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00436103 | |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00229734 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00201262 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20204370 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23200031 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-22900599 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-23400351 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-29400452 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58000179 |
Comparable companies
These companies have the same main activity as PINGNET: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €420,000 and €528,000, founded between 2009 and 2011.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| PINGNET Sint-Martens-Latem | 2010 | €475,877 | €391,749 | €53,850 | €4,101 | - | 2025 |
| FINANCIAL EXPERTISE Gent | 2011 | €461,605 | €308,138 | €51,989 | €24,805 | - | 2025 |
| PRC Lochristi | 2011 | €475,442 | €87,348 | €55,353 | €13,298 | - | 2025 |
| ALLCON Wetteren | 2011 | €436,303 | €125,495 | €51,881 | €1,164 | - | 2025 |
| GHAMEO Lokeren | 2010 | €528,421 | €189,818 | €49,187 | €10,866 | - | 2025 |
| Huyzen Waas en Dender Lokeren | 2009 | €419,977 | €17,553 | €53,567 | €12,557 | 0.3 | 2026 |
| ROBIUM Gent | 2009 | €485,777 | €302,886 | €48,124 | €19,594 | - | 2025 |
They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PINGNET Tim Eddy Richard |
|
The board according to the articles of association
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder”
- Power of attorneyA power of attorney lets someone perform specific acts on the company's behalf.
- One provision in the deed
Articles of association, deed of 18-12-2023
Owners and capital
Capital transactions
- 18-12-2023 Converted to unavailable equity · €20,460
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Bevoegdheden van het bestuursorgaan, behalve wet of statuten aan algemene vergadering voorbehouden”“Vergoeding van de bestuurders, algemene kosten, los van representatie-, reis- en verplaatsingskosten”“Dagelijks bestuur, alleen of gezamenlijk zoals bestuursorgaan bepaalt”4 more provisions in the deed, see the deed of 18-12-2023
Articles of association, deed of 18-12-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of PINGNET. Every other company they run is a node.
History
Acts, filings and financial milestones
21-08
Gazette deed
Registered officeRegistered-office move1 point ▸
- Registered-office move, Vlieguit 12, 9830 Sint-Martens-Latem
18-12
Gazette deed
Appointment: PINGNET Tim Eddy Richard (director)Capital conversion · Reserve release · Amendment of the articles9 points ▸
- General meeting, 08-12-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, artikel 39,§1,eerste en derde lid wet 23-03-2019” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing” (deed in Dutch)
- Amendment of the articles
- Director appointment, PINGNET Tim Eddy Richard (director (not named in the articles))
- Registered office clause, “9830 Sint-Martens-Latem, Lieven Duvosellaan 13” (deed in Dutch)
- Power of attorney, PINGNET Tim Eddy Richard
- Other provision, “voor elk punt afzonderlijk met eenparigheid van stemmen, stemming beslissingen” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202518 activities
- Consultancy en dienstverlening inzake algemeen management, bedrijfsvoering en beheer;
- Consultancy en dienstverlening inzake commercieel, strategisch, financieel en administratief management; inzake technisch management en diverse technische aangelegenheden; inzake product-management, design en vormgeving; inzake PR, publiciteit en marketing; inzake personeelsmanagement, human resources en personeelsbeleid, milieu en kwaliteitszorg, corporate governance, strategisch advies, changemanagement, reorganisaties; inzake de administratieve organisatie en de implementatie van bedrijfsprocessen; Projectmanagement en totaalbegeleiding voor voormelde activiteiten evenals alle ondersteunende en aanverwante dienstverlening.
- Consultancy en dienstverlening inzake informatie en communicatietechnologie (ICT), informatica en automatisering, computers en computersystemen, software, programma’s en gebruiksklare systemen, systeembeheer en gegevensverwerking; inzake webdesign en webtoepassingen, domeinnamen, hosting en internetservices; inzake communicatie, telefonie en multimedia; inzake grafisch ontwerp, design en productontwikkeling; inzake integrale kwaliteitszorg en diverse zorg-, kwaliteits- en veiligheidssystemen; het ter beschikking stellen en verhuren van (mobiele) ICT-infrastructuur en -toepassingen.
- Het uitvoeren van technische studies, audits en expertises inzake voormelde activiteiten.
- Het geven van seminaries, opleidingen en presentaties. Het schrijven, verzorgen, begeleiden en uitgeven van literaire werken en bijdragen, handboeken, van diverse bijdragen in diverse vormen.
- Het verlenen van diverse administratieve en zakelijke ondersteuning.
- Groot- en kleinhandel en handelsbemiddeling in:
- Diensten, machines, toestellen en benodigdheden voor ICT, voor communicatie en telefonie, hard- en software, randapparatuur en dergelijke;
- Elektrisch installatiemateriaal, elektrische en elektronisch toestellen
- Fabrikaten en halffabrikaten, grondstoffen, afvalstoffen
- Diverse consumentenartikelen, loten van falingen, opkopingen, tweedehandse goederen, menigvuldige goederen.
- Het verrichten van alle handelsbemiddeling, het optreden als agent en zelfstandig vertegenwoordiger in diverse sectoren en voor diverse producten en diensten.
- De uitbouw van een of meerdere organisaties inzake verkoop en dienstverlening; verkoop en dienstverlening via internet en via diverse kanalen.
- Het ontwikkelen, kopen, verkopen, beheren, in waarde stellen, in licentie nemen of geven van licenties, brevetten, octrooien, know-how en andere intellectuele rechten.
- Het vervaardigen, ontwikkelen en commercialiseren van diverse toepassingen, diensten en producten in verband met voormelde activiteiten.
- Het verwerven en beheren van een onroerend patrimonium; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen;
- Het optreden als bouwpromotor; projectontwikkeling en handel in onroerend goed; het ontwerpen en realiseren van diverse vastgoedprojecten; de activiteit van vastgoedmakelaar en bemiddeling in vastgoed voor rekening van derden.
- Het verwerven en beheren voor eigen rekening van een roerend patrimonium; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44064B0916/00R000 | Flanders | 978 m² | 1 · 245 m² | 6.6 m · 2 |