PINNACLE
ActiveSummary
PINNACLE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €-11k. Equity is shrinking by ~19.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 88% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+8
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 9.76 against 13.92 in 2024; short-term debt: 10.2% and cash: 15.9% of total assets), and 10.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
22 d early
2023
25 d early
2022
24 d early
2021
1 d early
2020
3 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€149k▼ 6.9%
2024 · €160k
2018: €453khighest in 8 years
2019: €396k▼ -12.7% vs 2018
2020: €355k▼ -10.4% vs 2019
2021: €294k▼ -17.1% vs 2020
2022: €204k▼ -30.8% vs 2021
2023: €184k▼ -9.6% vs 2022
2024: €160k▼ -12.9% vs 2023
2025: €149k▼ -6.9% vs 2024lowest in 8 years
2018 → 2025
Total assets
€166k▼ 3.7%
2024 · €172k
2018: €649khighest in 8 years
2019: €630k▼ -3.0% vs 2018
2020: €560k▼ -11.2% vs 2019
2021: €316k▼ -43.5% vs 2020
2022: €230k▼ -27.2% vs 2021
2023: €197k▼ -14.3% vs 2022
2024: €172k▼ -12.6% vs 2023
2025: €166k▼ -3.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€-11k▲ 53.8%
2024 · €-24k
2018: €-19k
2019: €-57k▼ -200% vs 2018lowest in 8 years
2020: €-44k▲ +24.0% vs 2019
2021: €-22k▲ +49.7% vs 2020
2022: €-14k▲ +34.8% vs 2021
2023: €-20k▼ -36.9% vs 2022
2024: €-24k▼ -21.4% vs 2023
2025: €-11k▲ +53.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€148k▼ 6.5%
2024 · €158k
2018: €288khighest in 8 years
2019: €183k▼ -36.5% vs 2018
2020: €162k▼ -11.5% vs 2019
2021: €284k▲ +75.5% vs 2020
2022: €197k▼ -30.8% vs 2021
2023: €182k▼ -7.6% vs 2022
2024: €158k▼ -12.7% vs 2023
2025: €148k▼ -6.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€294k-€204k▼ 30.8%€184k▼ 9.6%€160k▼ 12.9%€149k▼ 6.9%
2021: €294khighest in 5 years
2022: €204k▼ -30.8% vs 2021
2023: €184k▼ -9.6% vs 2022
2024: €160k▼ -12.9% vs 2023
2025: €149k▼ -6.9% vs 2024lowest in 5 years
Operating result€-22k-€-16k▲ 28.6%€-23k▼ 42.4%€-29k▼ 27.5%€-15k▲ 48.1%
2021: €-22k
2022: €-16k▲ +28.6% vs 2021
2023: €-23k▼ -42.4% vs 2022
2024: €-29k▼ -27.5% vs 2023lowest in 5 years
2025: €-15k▲ +48.1% vs 2024highest in 5 years
Net result€-22k-€-14k▲ 34.8%€-20k▼ 36.9%€-24k▼ 21.4%€-11k▲ 53.8%
2021: €-22k
2022: €-14k▲ +34.8% vs 2021
2023: €-20k▼ -36.9% vs 2022
2024: €-24k▼ -21.4% vs 2023lowest in 5 years
2025: €-11k▲ +53.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €29k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166k
Fixed assets
€1k ▼ 38.7%
Current assets
€165k ▼ 3.3%
Equity and liabilities €166k
Equity
€149k ▼ 6.9%
Debt
€17k ▲ 37.8%
Debt's share of the balance-sheet total rises from 7.1% to 10.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▲
2024 · €-28k
Cash flow
€-10k▲
2024 · €-23k
Current ratio
9.76▼
2024 · 13.92
Debt to equity
0.11▲
2024 · 0.08
ROE
-7.4%▲
2024 · -14.9%
ROA
-6.6%▲
2024 · -13.8%
Interest coverage
-613.45▼
2024 · -171.01
Debt ≤ 1 year
€17k▲
2024 · €12k
Income taxes
€434▲
2024 · €410
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€172k€166k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Land and buildings22€731€637▼
Furniture and vehicles24€927€380▼
Current assets29/58€171k€165k▼
Amounts receivable within one year40/41€78k€68k▼
Trade receivables40€1k€3k▲
Other amounts receivable41€77k€65k▼
Current investments50/53€70k€70k=
Cash at bank and in hand54/58€22k€26k▲
Deferred charges and accrued income490/1€150€214▲
Equity and liabilities
Total equity and liabilities10/49€172k€166k▼
Equity10/15€160k€149k▼
Contributions10/11€9k€9k=
Reserves13€72k€72k=
Non-distributable reserves130/1€70k€70k=
Own shares acquired1312€70k€70k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€80k€69k▼
Amounts payable17/49€12k€17k▲
Amounts payable within one year42/48€12k€17k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€631€1k▲
Taxes450/3€631€1k▲
Other amounts payable47/48€10k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€641€641=
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-26k€-13k▲
Operating profit (loss)9901€-29k€-15k▲
Financial income75/76B€6k€5k▼
Recurring financial income75€6k€5k▼
Financial charges65/66B€166€23▼
Recurring financial charges65€166€23▼
Profit (loss) for the period before taxes9903€-23k€-11k▲
Income taxes67/77€410€434▲
Profit (loss) for the period9904€-24k€-11k▲
Profit (loss) for the period to be appropriated9905€-24k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€69k▼
Profit (loss) brought forward from the previous period14P€103k€80k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €270 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €5k | €641 | €641 | = |
| Other operating charges640/8 | €4k | €2k | €2k | €2k | €2k | ▼ 10.8% |
| Gross operating margin9900 | €-13k | €-9k | €-15k | €-26k | €-13k | ▲ 51.9% |
| Operating profit (loss)9901 | €-22k | €-16k | €-23k | €-29k | €-15k | ▲ 48.1% |
| Financial income75/76B | €3k | €2k | €4k | €6k | €5k | ▼ 21.6% |
| Recurring financial income75 | €3k | €2k | €4k | €6k | €5k | ▼ 21.6% |
| Financial charges65/66B | €2k | €99 | €91 | €166 | €23 | ▼ 85.8% |
| Recurring financial charges65 | €2k | €99 | €91 | €166 | €23 | ▼ 85.8% |
| Profit (loss) for the period before taxes9903 | €-22k | €-14k | €-19k | €-23k | €-11k | ▲ 54.9% |
| Income taxes67/77 | €345 | €372 | €398 | €410 | €434 | ▲ 5.9% |
| Profit (loss) for the period9904 | €-22k | €-14k | €-20k | €-24k | €-11k | ▲ 53.8% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €-14k | €-20k | €-24k | €-11k | ▲ 53.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €316k | €230k | €197k | €172k | €166k | ▼ 3.7% |
| Fixed assets21/28 | €10k | €7k | €2k | €2k | €1k | ▼ 38.7% |
| Tangible fixed assets22/27 | €10k | €7k | €2k | €2k | €1k | ▼ 38.7% |
| Land and buildings22 | - | €919 | €825 | €731 | €637 | ▼ 12.8% |
| Furniture and vehicles24 | €10k | €6k | €1k | €927 | €380 | ▼ 59.0% |
| Current assets29/58 | €306k | €223k | €195k | €171k | €165k | ▼ 3.3% |
| Amounts receivable after more than one year29 | €60k | - | - | - | - | - |
| Other amounts receivable291 | €60k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €78k | €80k | €88k | €78k | €68k | ▼ 12.7% |
| Trade receivables40 | - | €2k | €1k | €1k | €3k | ▲ 182% |
| Other amounts receivable41 | €78k | €78k | €87k | €77k | €65k | ▼ 15.8% |
| Current investments50/53 | €70k | €70k | €70k | €70k | €70k | = |
| Cash at bank and in hand54/58 | €98k | €73k | €37k | €22k | €26k | ▲ 19.0% |
| Deferred charges and accrued income490/1 | - | €144 | €147 | €150 | €214 | ▲ 43.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €316k | €230k | €197k | €172k | €166k | ▼ 3.7% |
| Equity10/15 | €294k | €204k | €184k | €160k | €149k | ▼ 6.9% |
| Contributions10/11 | €9k | €9k | €9k | €9k | €9k | = |
| Reserves13 | €148k | €72k | €72k | €72k | €72k | = |
| Non-distributable reserves130/1 | €70k | €70k | €70k | €70k | €70k | = |
| Own shares acquired1312 | €70k | €70k | €70k | €70k | €70k | = |
| Distributable reserves133 | €78k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €137k | €123k | €103k | €80k | €69k | ▼ 13.8% |
| Amounts payable17/49 | €22k | €27k | €13k | €12k | €17k | ▲ 37.8% |
| Amounts payable within one year42/48 | €22k | €27k | €13k | €12k | €17k | ▲ 37.8% |
| Trade debts44 | €1k | €2k | €2k | €2k | €1k | ▼ 31.7% |
| Suppliers440/4 | €1k | €2k | €2k | €2k | €1k | ▼ 31.7% |
| Taxes, remuneration and social security45 | €345 | €767 | €677 | €631 | €1k | ▲ 133% |
| Taxes450/3 | €345 | €767 | €677 | €631 | €1k | ▲ 133% |
| Other amounts payable47/48 | €20k | €24k | €11k | €10k | €14k | ▲ 45.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-14k | €-20k | €-24k | €-11k | ▲ 53.8% |
| + Depreciation and write-downs630 | €5k | €5k | €5k | €641 | €641 | = |
| Operating cash flow (approximation) | €-17k | €-9k | €-14k | €-23k | €-10k | ▲ 55.3% |
| Investment in fixed assets (approximation) | - | €-2k | €-800 | €0 | €0 | - |
| Change in cash | - | €-25k | €-36k | €-14k | €4k | ▲ 129% |
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
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Merelbeke-Melle · 1 establishment unit since 2007
Ground area
2,191 m²
Building footprint
182 m²
Volume, LiDAR
1,026 m³
Parcel 44041A0265/00M000, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PINNACLE
since 20072.162.847.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44041A0265/00M000 | Flanders | 2,191 m² | 1 · 182 m² | 11.8 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 149 EUR awarded · 149 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 149 EUR | 149 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,846 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
Founded10-05-2007
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.