PINI.BE
ActiveSummary
The computed 12-month bankruptcy probability of PINI.BE is 3.1% (moderate). The 2024 annual accounts show equity of €191,914 and a net result of €77,878. Equity is growing by ~84.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-23
Solvency66▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.15 in 2023; short-term debt: 59.1% and cash: 66.8% of total assets), and 59.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
30 d late
2022
25 d late
2021
390 d late
2020
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 115 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€191,914▲ 68.3%
2023 · €114,036
Total assets
€469,255▲ 24.8%
2023 · €375,919
Net result
€77,878▼ 48.1%
2023 · €150,195
Working capital
€95,141▲ 137%
2023 · €40,096
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€77,553--€10,019▲ 87.1%€49,432€200,181▲ 305%€149,227▼ 25.5%
Net result-€78,059below the sector's middle half--€9,853below the sector's middle half▲ 87.4%€49,254above the sector's middle half€150,195above the sector's middle half▲ 205%€77,878above the sector's middle half▼ 48.1%
Equity-€75,559below the sector's middle half--€85,412below the sector's middle half▼ 13.0%-€36,159below the sector's middle half▲ 57.7%€114,036within the sector's middle half€191,914above the sector's middle half▲ 68.3%
Total assets€163,770within the sector's middle half-€187,543within the sector's middle half▲ 14.5%€377,125above the sector's middle half▲ 101%€375,919above the sector's middle half▼ 0.3%€469,255above the sector's middle half▲ 24.8%
Debt€239,329-€272,955▲ 14.1%€413,284▲ 51.4%€261,883▼ 36.6%€277,341▲ 5.9%
Working capital-€152,311below the sector's middle half--€154,261below the sector's middle half▼ 1.3%-€118,857below the sector's middle half▲ 23.0%€40,096within the sector's middle half€95,141above the sector's middle half▲ 137%
Solvency-46.1%below the sector's middle half--45.5%below the sector's middle half▲ 0.6pp-9.6%below the sector's middle half▲ 36.0pp30.3%within the sector's middle half▲ 39.9pp40.9%within the sector's middle half▲ 10.6pp
Current ratio0.36below the sector's middle half-0.43below the sector's middle half▲ 0.070.71below the sector's middle half▲ 0.281.15within the sector's middle half▲ 0.441.34within the sector's middle half▲ 0.19
Return on assets (ROA)-47.7%below the sector's middle half--5.3%below the sector's middle half▲ 42.4pp13.1%above the sector's middle half▲ 18.3pp40.0%above the sector's middle half▲ 26.9pp16.6%above the sector's middle half▼ 23.4pp
Staff (FTE)2within the sector's middle half-2=2.1▲ 5.0%2.4▲ 14.3%2.9▲ 20.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €469,255
Fixed assets
€96,774 ▲ 30.9%
Current assets
€372,482 ▲ 23.3%
Equity and liabilities €469,255
Equity
€191,914 ▲ 68.3%
Debt
€277,341 ▲ 5.9%
Debt's share of the balance-sheet total falls from 69.7% to 59.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€159,715▼
2023 · €208,939
Cash flow
€88,366▼
2023 · €158,953
Debt to equity
1.45▼
2023 · 2.30
ROE
40.6%▼
2023 · 131.7%
Interest coverage
4.51▼
2023 · 16.05
Debt ≤ 1 year
€277,341▲
2023 · €261,883
Income taxes
€35,983▼
2023 · €37,500
Staff costs
€180,588▲
2023 · €159,540
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €79,929 | €119,007 | €159,540 | €180,588 | ▲ 13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,586 | €8,763 | €8,900 | €8,758 | €10,488 | ▲ 19.8% |
| Other operating charges640/8 | - | - | €17,278 | - | €1,000 | - |
| Gross operating margin9900 | €2,779 | €78,674 | €194,617 | €368,479 | €341,303 | ▼ 7.4% |
| Operating profit (loss)9901 | -€77,553 | -€10,019 | €49,432 | €200,181 | €149,227 | ▼ 25.5% |
| Financial income75/76B | - | €245 | €374 | €531 | €46 | ▼ 91.3% |
| Recurring financial income75 | - | €245 | €374 | €531 | €46 | ▼ 91.3% |
| Financial charges65/66B | - | €79 | €552 | €13,016 | €35,413 | ▲ 172% |
| Recurring financial charges65 | €506 | €79 | €552 | €13,016 | €35,413 | ▲ 172% |
| Profit (loss) for the period before taxes9903 | -€78,059 | -€9,853 | €49,254 | €187,695 | €113,861 | ▼ 39.3% |
| Income taxes67/77 | - | - | - | €37,500 | €35,983 | ▼ 4.0% |
| Profit (loss) for the period9904 | -€78,059 | -€9,853 | €49,254 | €150,195 | €77,878 | ▼ 48.1% |
| Profit (loss) for the period to be appropriated9905 | -€78,059 | -€9,853 | €49,254 | €150,195 | €77,878 | ▼ 48.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163,770 | €187,543 | €377,125 | €375,919 | €469,255 | ▲ 24.8% |
| Fixed assets21/28 | €76,752 | €68,848 | €82,698 | €73,940 | €96,774 | ▲ 30.9% |
| Intangible fixed assets21 | €72,000 | €64,000 | €56,000 | €48,000 | €40,000 | ▼ 16.7% |
| Tangible fixed assets22/27 | €4,752 | €4,848 | €3,948 | €3,190 | €34,024 | ▲ 967% |
| Plant, machinery and equipment23 | - | €3,663 | €3,213 | €2,763 | €2,291 | ▼ 17.1% |
| Furniture and vehicles24 | - | €1,186 | €735 | €427 | €172 | ▼ 59.8% |
| Other tangible fixed assets26 | - | - | - | - | €31,560 | - |
| Financial fixed assets28 | - | - | €22,750 | €22,750 | €22,750 | = |
| Current assets29/58 | €87,018 | €118,695 | €294,427 | €301,979 | €372,482 | ▲ 23.3% |
| Stocks and contracts in progress3 | €5,700 | €36,252 | - | - | - | - |
| Stocks30/36 | - | €36,252 | - | - | - | - |
| Amounts receivable within one year40/41 | €62,783 | €9,288 | €76,586 | €22,960 | €44,366 | ▲ 93.2% |
| Trade receivables40 | - | €9,288 | €76,586 | €22,960 | €44,149 | ▲ 92.3% |
| Other amounts receivable41 | - | - | - | - | €217 | - |
| Cash at bank and in hand54/58 | €18,127 | €73,155 | €203,966 | €264,776 | €313,562 | ▲ 18.4% |
| Deferred charges and accrued income490/1 | - | - | €13,874 | €14,243 | €14,553 | ▲ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163,770 | €187,543 | €377,125 | €375,919 | €469,255 | ▲ 24.8% |
| Equity10/15 | -€75,559 | -€85,412 | -€36,159 | €114,036 | €191,914 | ▲ 68.3% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€78,059 | -€87,912 | -€38,659 | €111,536 | €189,414 | ▲ 69.8% |
| Amounts payable17/49 | €239,329 | €272,955 | €413,284 | €261,883 | €277,341 | ▲ 5.9% |
| Amounts payable within one year42/48 | €239,329 | €272,955 | €413,284 | €261,883 | €277,341 | ▲ 5.9% |
| Trade debts44 | €77,095 | €122,256 | €248,187 | €44,636 | €48,541 | ▲ 8.7% |
| Suppliers440/4 | - | €122,256 | €248,187 | €44,636 | €48,541 | ▲ 8.7% |
| Taxes, remuneration and social security45 | - | €25,658 | €38,898 | €89,975 | €75,928 | ▼ 15.6% |
| Taxes450/3 | - | €13,490 | €15,276 | €69,853 | €55,847 | ▼ 20.1% |
| Remuneration and social security454/9 | - | €12,168 | €23,622 | €20,122 | €20,082 | ▼ 0.2% |
| Other amounts payable47/48 | - | €125,041 | €126,199 | €127,271 | €152,872 | ▲ 20.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€78,059 | -€9,853 | €49,254 | €150,195 | €77,878 | ▼ 48.1% |
| + Depreciation and write-downs630 | €8,586 | €8,763 | €8,900 | €8,758 | €10,488 | ▲ 19.8% |
| Operating cash flow (approximation) | -€69,473 | -€1,090 | €58,154 | €158,953 | €88,366 | ▼ 44.4% |
| Investment in fixed assets (approximation) | - | -€859 | -€22,750 | €0 | -€33,321 | - |
| Change in cash | - | €55,028 | €130,812 | €60,809 | €48,787 | ▼ 19.8% |
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
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Equity above €150,000Eq €191,914 ▲68.3%
3 profitable years in a row build equity to €191,914.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2020net €150,195 ▲205%
Operating result €200,181, net result €150,195, both a record.
31-12
Financial
Equity above €100,000Eq €114,036
2 profitable years in a row build equity to €114,036.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 390 days late
2022
31-12
Financial
Back to profitnet €49,254
Net result €49,254 after 2 loss-making years.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2020
Ground area
798 m²
Parcel 21013B0011/00Z005, Brussels. Linked by address, not a title deed.
1 establishment unit
PINI.BE
since 20202.301.478.913
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0011/00Z005 | Brussels | 797 m² | - | - |
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.
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Of 6,488 companies in sector 47716 we hold annual accounts for 2,440. 1,794 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
Founded17-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741698226
Registered
26-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.