Pinocchio
The computed 12-month bankruptcy probability of Pinocchio is < 0.1% (very low). The 2021 annual accounts show equity of €1.36M and a net result of €-173k. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 56 sector peers (fiscal year 2021). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.36M |
| Net result | €-173k |
| Better than sector | 95% |
| Active | 29 yrs |
Mixed profile: strong on solvency, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 99.5% | 24.7% | |
| Net result | €-173k | €-4k | |
| Equity | €1.36M | €16k | |
| Gross operating margin | €-163k | €118k | |
| Total assets | €1.37M | €88k |
| Fiscal year | 2021 |
|---|---|
| Revenue | €10k |
| EBITDA | €-163k |
| Net profit | €-173k |
| Cash flow | €-168k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.37M |
| Equity | €1.36M |
| Debt | €6k |
| of which ≤ 1y | €6k |
| of which > 1y | - |
| Working capital | €1.34M |
| Employees (FTE) | - |
| 2021 | |
|---|---|
| Current ratio | 211.55 |
| Quick ratio | 211.55 |
| Working capital ratio | 98.1% |
| Solvency | 99.5% |
| Debt / equity | 0.00 |
| Long-term debt ratio | - |
| Interest coverage | -13.17 |
| Gross margin | -3156.5% |
| Net margin | -1819.7% |
| ROA | -12.6% |
| ROE | -12.7% |
| EBITDA margin | -1708.6% |
| Days sales outstanding | 152d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.37M |
| Fixed assets | 21/28 | €19k |
| Tangible fixed assets | 22/27 | €19k |
| Current assets | 29/58 | €1.35M |
| Amounts receivable within one year | 40/41 | €4k |
| Investments | 50/53 | €1.30M |
| Cash & bank | 54/58 | €48k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.37M |
| Equity | 10/15 | €1.36M |
| Accumulated profits (losses) | 14 | €1.36M |
| Amounts payable | 17/49 | €6k |
| Amounts payable within one year | 42/48 | €6k |
| Income statement | ||
| Turnover | 70 | €10k |
| Gross operating margin | 9900 | €-163k |
| Operating result | 9901 | €-168k |
| Financial income | 75 | €9k |
| Financial charges | 65 | €12k |
| Result before taxes | 9903 | €-173k |
| Net result for the period | 9904 | €-173k |
| Result to be appropriated | 9905 | €-173k |
| NACE primary | 88999 |
| Legal form | Non-profit association(017) |
| Incorporation | 04-04-1997 |
| Status | Active |
| Postal code | 1120 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819A0142/00E000 | Brussels | 1.6 ha | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
29-04-2025 5 directors appointed, 1 resigning correction
- POLLET Cécile, Bestuurder
- Vanlaeke Patrick, Bestuurder
- Parmentier Claude, Bestuurder
- Rose Thomas, Bestuurder
- MEIRSMAN Mariska, Dagelijks bestuur
- VANDERMEULEN Els, Bestuurder
Technical details
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"notary": {
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"office_city": "Brussel",
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"act_meta": {
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"pub_date": "2025-04-29",
"filing_date": "2025-04-25",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
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],
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"subject_company": {
"kbo": "0460.989.035",
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Pinocchio |