Losses
-€18,121 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Pingwin
Overview
Lifetime
3 annual accounts with figures on one time axispeak €58,539 (2023)
-€6,130▲ €3,007
lowest -€11,732 (2024)
-€6,389▲ €5,344
peak €47,566 (2023)
€29,445▼ 17.8%
€27▼ 99.8%
Board1 name since 2022
1 director
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from -€9,137 to -€6,130Loss of €6,389Equity from €35,834 to €29,445Debts from €12,939 to €27Cash from €47,874 to €25,812
Key points
from the 2025 annual accountsFilings
3 annual accounts 1 late
The 2025 accounts came 28 days late. The other two were filed on time.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,224 companies had the same profile as Pingwin has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.3%
went bankrupt
Another 0.2% 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.
| 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 3,224 companies, not a prediction for Pingwin. 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0790591075
Incorporation
published on 12-09-2022 · Gazette deed
First establishment
Nieuwe Kuilenweg 76, Genk
Official details
Source: KBO- Status
- Active since 08-09-2022Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.335.285.7873600 Genk, since 08-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 10-11-2025
Annual accounts 2025
- -€6,130▲ 32.9%
- €6,389▼ 45.5%
- €29,445▼ 17.8%
- €29,473▼ 39.6%
- ≈ 0 FTEestimated
- Filing
- Filed on 28-08-2026
Insights on Pingwin
Pingwin files the micro format. That format states no turnover. The gross margin fell from €58,539 in 2023 to -€6,130 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days late-€6,130
▲ €3,007
-€6,230
▲ €5,353
-€6,389
▲ €5,344
€29,445
▼ 17.8%
99.9%
▲ 26.4 percentage points
-
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €29,473 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
29,473 | 48,773 | 77,789 | |
29/58 |
29,473 | 48,773 | 77,789 | |
40/41 |
3,661 | 899 | 20,086 | |
40 |
2,732 | 899 | 20,086 | |
41 |
929 | - | - | |
54/58 |
25,812 | 47,874 | 57,703 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
29,473 | 48,773 | 77,789 | |
10/15 |
29,445 | 35,834 | 47,566 | |
10/11 |
2,500 | 2,500 | 2,500 | |
13 |
45,066 | 45,066 | 45,066 | |
133 |
45,066 | 45,066 | 45,066 | |
14 |
-18,121 | -11,732 | - | |
17/49 |
27 | 12,939 | 30,223 | |
42/48 |
27 | 12,939 | 30,223 | |
44 |
27 | 491 | 2,428 | |
440/4 |
27 | 491 | 2,428 | |
45 |
0 | 11,899 | 17,426 | |
450/3 |
0 | 11,899 | 17,426 | |
47/48 |
0 | 549 | 10,369 | |
| Income statement | ||||
9900 |
-6,130 | -9,137 | 58,539 | |
62 |
100 | 2,310 | 1,309 | |
640/8 |
0 | 137 | - | |
9901 |
-6,230 | -11,584 | 57,230 | |
65/66B |
158 | 148 | 807 | |
65 |
158 | 148 | 807 | |
9903 |
-6,389 | -11,732 | 56,423 | |
67/77 |
- | 0 | 11,357 | |
9904 |
-6,389 | -11,732 | 45,066 | |
9905 |
-6,389 | -11,732 | 45,066 | |
| Appropriation of the result | ||||
9906 |
-18,121 | -11,732 | 45,066 | |
14P |
-11,732 | - | - | |
691/2 |
- | 0 | 45,066 | |
6921 |
- | 0 | 45,066 | |
| Document | ||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00445220.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -22,062 | -9,830 | - | ||
| 29,445 | 35,834 | 47,566 | ||
| 99.9% | 73.5% | 61.1% | ||
| - | 3.77 | 2.57 | ||
| 0.00 | 0.36 | 0.64 | ||
| -21.7% | -32.7% | 94.7% | ||
| -21.7% | -24.1% | 57.9% |
A ratio outside any meaningful range has been withheld (balance sheet total €29,473, equity €29,445).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on Pingwin
The operating result for 2025 is a loss of €6,230, smaller than the loss of €11,584 in 2024.
Debt's share of the balance-sheet total falls from 26.5% to 0.1%. Equity and debt are lower.
Board & ownership
Board
1 directorMandates through the years
1 name, the dashed line is todayDirector
Board
Mandates as a list
-
- Director, from 08-09-2022 to date
Control
Capital
- Contribution
- €2,500
- Source
- 2025 annual accounts
Network & group
No group
Pingwin has no parent and no holdings in its annual accounts. is the only director. Pingwin shares no director with another company.
Timeline
Timeline
8 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Liquidity more than 285 times current ratio 1075.65 The current ratio rises from 3.77 to 1075.65. Short-term debt falls from €12,939 to €27.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0790591075
Annual accounts 2024 filed PDFmicro format · 8 days before the deadline
2024
Weakest financial year net -€11,732 The net result drops to -€11,732, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 106 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0790.591.075
- VAT number
- BE 0790.591.075
- Peppol ID
- 0208:0790591075
- Other Peppol ID
- 9925:BE0790591075
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-09-2022
- Financial year
- ends on 31 December
- Peppol
- Reachable since 10-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Pingwin in Dutch
- Entity type
- Legal entity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Nieuwe Kuilenweg 76 registered office 3600 Genk 68110 Buying and selling of own real estate | 08-09-2022 | 2.335.285.787 |
Buildings and parcels at the address
- Ground area
- 601 m²
- Buildings
- 205 m²
- Volume, LiDAR
- 2,571 m³
- Tallest building
- 16.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71016I0264/00R002 | 601 m² | 1 · 205 m² | 16.5 m · 4 |