PINK BAY
ActiveSummary
PINK BAY has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €63k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 30% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+83
Solvency59▲+22
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.97 in 2024; short-term debt: 51.1% and cash: 4.1% of total assets), but 66.3% of the assets are financed with debt.
Credit check 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 69
Relative position
BE, all sectors
reference
Sector 69
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
33.7%
Return on assets
52.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-02-2026, 180 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
180 d early
2024
71 d late
2023
245 d late
2022
274 d late
2021
61 d late
2020
31 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▲ 48.2%
2024 · €27k
2020: €10k
2021: €25k
2022: €30k
2023: €31k
2024: €27k
2020 → 2025
Total assets
€121k▼ 46.3%
2024 · €225k
2020: €118k
2021: €154k
2022: €242k
2023: €224k
2024: €225k
2020 → 2025
Net result
€63k
2024 · €-4k
2020: €76
2021: €15k
2022: €5k
2023: €1k
2024: €-4k
2020 → 2025
Working capital
€55k▼ 48.8%
2024 · €107k
2020: €2k
2021: €6k
2022: €86k
2023: €92k
2024: €107k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€30k▲ 20.1%€31k▲ 5.0%€27k▼ 12.3%€41k▲ 48.2%
Operating result€24k-€10k▼ 58.8%€12k▲ 23.9%€-2k€65k
Net result€15k-€5k▼ 66.3%€1k▼ 69.9%€-4k€63k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €65k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121k
Fixed assets
€5k ▼ 45.0%
Current assets
€116k ▼ 46.3%
Equity and liabilities €121k
Equity
€41k ▲ 48.2%
Debt
€80k ▼ 59.4%
Debt's share of the balance-sheet total falls from 87.8% to 66.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68k▲
2024 · €-1k
Cash flow
€65k▲
2024 · €-2k
Current ratio
1.88▼
2024 · 1.97
Debt to equity
1.97▼
2024 · 7.19
ROE
155.4%▲
2024 · -14.0%
ROA
52.3%▲
2024 · -1.7%
Interest coverage
27.78▲
2024 · -0.64
Debt ≤ 1 year
€62k▼
2024 · €110k
Debt > 1 year
€18k▼
2024 · €36k
Staff costs
€102k▼
2024 · €110k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€225k€121k▼
Fixed assets21/28€8k€5k▼
Intangible fixed assets21€2k€873▼
Tangible fixed assets22/27€28€3k▲
Furniture and vehicles24€0€3k▲
Other tangible fixed assets26€28€0▼
Financial fixed assets28€6k€650▼
Current assets29/58€217k€116k▼
Amounts receivable within one year40/41€174k€69k▼
Trade receivables40€174k€62k▼
Other amounts receivable41-€6k
Cash at bank and in hand54/58€23k€5k▼
Deferred charges and accrued income490/1€19k€43k▲
Equity and liabilities
Total equity and liabilities10/49€225k€121k▼
Equity10/15€27k€41k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€17k€31k▲
Amounts payable17/49€198k€80k▼
Amounts payable after more than one year17€36k€18k▼
Financial debts170/4€36k€18k▼
Amounts payable within one year42/48€110k€62k▼
Current portion of amounts payable after more than one year42€17k€17k=
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€28k€15k▼
Suppliers440/4€28k€15k▼
Taxes, remuneration and social security45€65k€21k▼
Taxes450/3€61k€4k▼
Remuneration and social security454/9€4k€17k▲
Accrued charges and deferred income492/3€51k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€110k€102k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-5k
Other operating charges640/8€395€2k▲
Gross operating margin9900€109k€167k▲
Operating profit (loss)9901€-2k€65k▲
Financial income75/76B€109€219▲
Recurring financial income75€109€219▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-4k€63k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-4k€63k▲
Profit (loss) for the period to be appropriated9905€-4k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€81k▲
Profit (loss) brought forward from the previous period14P€21k€17k▼
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (19 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
27-08
State Gazette act
General meeting · Liquidation closure
Director discharge
22-05
State Gazette act
General meeting · Dissolution
Liquidation · Director resignation
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 245 days late
2024
31-12
Financial
Weakest financial yearnet €-4k ▼357%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 274 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 2 establishment units since 2019
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.
Kantersteen 471000 BrusselGround area
8,878 m²
Building footprint
8,899 m²
Volume, LiDAR
194,675 m³
2 parcels, Brussels, Flanders · tallest building 44.7 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
PINK BAY
since 20192.292.776.924
Blue River
since 20252.370.709.593
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0900/00E002 | Brussels | 6,828 m² | 1 · 7,874 m² | 44.7 m · 8 fl. |
| 12025E0093/00B000indicative | Flanders | 2,050 m² | 1 · 1,025 m² | 19.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 523 EUR awarded · 523 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 134 EUR | 134 EUR |
| 2022 | 1 | 389 EUR | 389 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,641 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.PinkBay.be