Piniva
ActivePiniva has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €972. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 55% of 3101 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
87
/ 100
Excellent▲ +37 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability25▲+25
Solvency73▲+27
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.1 in 2024), but 61.3% of the assets are financed with debt.
Credit advice for your own amount and term
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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
38.7%
Return on assets
2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
6 d late
2024
31 d early
2023
33 d early
2022
7 d early
2021
37 d early
2020
22 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▲ 5.3%
2024 · €18k
2020: €3k
2021: €18k
2022: €22k
2023: €25k
2024: €18k
2020 → 2025
Total assets
€50k▼ 23.1%
2024 · €65k
2020: €51k
2021: €116k
2022: €104k
2023: €88k
2024: €65k
2020 → 2025
Net result
€972
2024 · €-7k
2020: €-375
2021: €16k
2022: €6k
2023: €5k
2024: €-7k
2020 → 2025
Working capital
€19k▲ 421%
2024 · €4k
2020: €-16k
2021: €-13k
2022: €-5k
2023: €1k
2024: €4k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€22k▲ 23.7%€25k▲ 16.0%€18k▼ 27.4%€19k▲ 5.3%
Operating result€21k-€9k▼ 59.4%€9k▲ 2.5%€-5k€2k
Net result€16k-€6k▼ 65.1%€5k▼ 12.0%€-7k€972
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: €2k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€551▼ 97.7%
Current assets
€49k▲ 20.4%
Equity and liabilities €50k
Equity
€19k▲ 5.3%
Debt
€30k▼ 34.3%
The debt ratio falls from 71.7% to 61.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€5k▼
2024 · €12k
Cash flow
€4k▼
2024 · €10k
Solvency
38.7%▲
2024 · 28.3%
Current ratio
1.61▲
2024 · 1.10
Quick ratio
1.27▲
2024 · 0.89
Debt / equity
1.58▼
2024 · 2.54
ROE
5.1%▲
2024 · -37.7%
ROA
2.0%▲
2024 · -10.6%
Interest coverage
3.59▼
2024 · 5.30
Debt
€30k▼
2024 · €46k
Debt ≤ 1 year
€30k▼
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€65k€50k▼
Fixed assets21/28€24k€551▼
Tangible fixed assets22/27€24k€551▼
Plant, machinery and equipment23€878€551▼
Furniture and vehicles24€23k-
Other tangible fixed assets26€0-
Financial fixed assets28€0-
Current assets29/58€41k€49k▲
Stocks and contracts in progress3€8k€11k▲
Stocks30/36€8k€11k▲
Amounts receivable within one year40/41€3k€14k▲
Trade receivables40€0€12k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€27k€19k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€65k€50k▼
Equity10/15€18k€19k▲
Contributions10/11€3k€3k=
Reserves13€22k€22k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€-7k€-6k▲
Amounts payable17/49€46k€30k▼
Amounts payable after more than one year17€9k-
Financial debts170/4€9k-
Amounts payable within one year42/48€37k€30k▼
Current portion of amounts payable after more than one year42€12k-
Trade debts44€519€575▲
Suppliers440/4€519€575▲
Taxes, remuneration and social security45€912-
Taxes450/3€912-
Remuneration and social security454/9€0-
Other amounts payable47/48€24k€30k▲
Income statement
Code20242025
Non-recurring operating income76A€662-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€3k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€13k€6k▼
Operating profit (loss)9901€-5k€2k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-7k€972▲
Income taxes67/77€116-
Profit (loss) for the period9904€-7k€972▲
Profit (loss) for the period to be appropriated9905€-7k€972▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-6k▲
Profit (loss) brought forward from the previous period14P-€-7k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Back to profitnet €972
Net result €972 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-7k ▼236%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Neerhof(BEV) 49120 Beveren-Kruibeke-ZwijndrechtGround area
479 m²
Building footprint
147 m²
Volume, LiDAR
1,026 m³
Parcel 46003B0490/00Y000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Piniva
since 20202.304.406.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46003B0490/00Y000 | Flanders | 479 m² | 1 · 147 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
STOKBROEKHOEVE
BE 0817.574.297
Kinrooi · Eq €19k
Stoeterij Celeste CB
BE 0728.643.016
Hoogstraten · Eq €19k
SJS Stables
BE 0799.063.333
Lommel · Eq €19k
ALLARO
BE 0677.534.607
Tienen · Eq €19k
VH-Horses & Metals
BE 0746.869.316
Laakdal · Eq €19k
Of 1,948 companies in sector 01430 we hold annual accounts for 739. 426 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2020
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
82990Other business support services
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.