PINPIN
ActivePINPIN has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.50M and a net result of €13k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 94% of 7815 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-56
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 13.77 against 8.57 in 2024), and 6.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
93.1%
Return on assets
0.8%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
13 d early
2023
8 d early
2022
21 d early
2021
12 d early
2020
4 d early
2019
61 d late
← 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
08-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.50M▲ 0.9%
2024 · €1.49M
2018: €1.36M
2019: €1.28M
2020: €1.29M
2021: €1.30M
2022: €1.34M
2023: €1.40M
2024: €1.49M
2018 → 2025
Total assets
€1.61M▼ 3.6%
2024 · €1.67M
2018: €1.43M
2019: €1.40M
2020: €1.40M
2021: €1.42M
2022: €1.46M
2023: €1.56M
2024: €1.67M
2018 → 2025
Net result
€13k▼ 92.6%
2024 · €179k
2018: €17k
2019: €-83k
2020: €5k
2021: €15k
2022: €37k
2023: €76k
2024: €179k
2018 → 2025
Working capital
€1.42M▲ 1.6%
2024 · €1.40M
2018: €1.04M
2019: €1.07M
2020: €1.12M
2021: €1.16M
2022: €1.23M
2023: €1.30M
2024: €1.40M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.30M-€1.34M▲ 2.9%€1.40M▲ 4.4%€1.49M▲ 6.4%€1.50M▲ 0.9%
Operating result€10k-€32k▲ 217%€70k▲ 121%€192k▲ 175%€11k▼ 94.3%
Net result€15k-€37k▲ 154%€76k▲ 106%€179k▲ 135%€13k▼ 92.6%
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 falls in 2025; 2025 is 94% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.61M
Fixed assets
€77k▼ 10.2%
Current assets
€1.53M▼ 3.2%
Equity and liabilities €1.61M
Equity
€1.50M▲ 0.9%
Debt
€111k▼ 39.7%
The debt ratio falls from 11.1% to 6.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€20k▼
2024 · €201k
Cash flow
€22k▼
2024 · €188k
Solvency
93.1%▲
2024 · 88.9%
Current ratio
13.77▲
2024 · 8.57
Quick ratio
13.77▲
2024 · 8.57
Debt / equity
0.07▼
2024 · 0.12
ROE
0.9%▼
2024 · 12.1%
ROA
0.8%▼
2024 · 10.7%
Interest coverage
48.07▼
2024 · 660.45
Debt
€111k▼
2024 · €185k
Debt ≤ 1 year
€111k▼
2024 · €185k
Income taxes
€5k▼
2024 · €18k
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€1.67M€1.61M▼
Fixed assets21/28€86k€77k▼
Tangible fixed assets22/27€86k€77k▼
Land and buildings22€60k€60k=
Leasing and similar rights25€18k€9k▼
Other tangible fixed assets26€9k€9k=
Financial fixed assets28-€58
Current assets29/58€1.58M€1.53M▼
Amounts receivable after more than one year29-€1.23M
Other amounts receivable291-€1.23M
Amounts receivable within one year40/41€25k€31k▲
Trade receivables40€25k€31k▲
Cash at bank and in hand54/58€1.56M€263k▼
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€1.67M€1.61M▼
Equity10/15€1.49M€1.50M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.42M€1.44M▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Tax-exempt reserves132€116k€116k=
Distributable reserves133€1.30M€1.31M▲
Amounts payable17/49€185k€111k▼
Amounts payable within one year42/48€185k€111k▼
Trade debts44€77k€82k▲
Suppliers440/4€77k€82k▲
Taxes, remuneration and social security45€18k€29k▲
Taxes450/3€18k€29k▲
Other amounts payable47/48€90k-
Income statement
Code20242025
Non-recurring operating income76A€97k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€21k-
Other operating charges640/8€27k€9k▼
Gross operating margin9900€250k€29k▼
Operating profit (loss)9901€192k€11k▼
Financial income75/76B€5k€8k▲
Recurring financial income75€5k€8k▲
Financial charges65/66B€305€413▲
Recurring financial charges65€305€413▲
Profit (loss) for the period before taxes9903€197k€19k▼
Income taxes67/77€18k€5k▼
Profit (loss) for the period9904€179k€13k▼
Profit (loss) for the period to be appropriated9905€179k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€179k€13k▼
Transfer from equity791/2€90k-
Transfer to equity691/2€179k€13k▼
To other reserves6921€179k€13k▼
Profit to be distributed694/7€90k-
Return on contributions (dividend)694€90k-
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €179k ▲135%
Operating result €192k, net result €179k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €-83k ▼591%
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
7 directors, last change in 2025
Didier Delvaux
CurrentDirector · since 28-04-2025
Elise Léonard
CurrentDirector · since 28-04-2025
Elise LEONARD
CurrentDirector (executive) · since 28-12-2023
28-04-2025
Didier Delvaux: Appointed as Director
28-04-2025
Elise Léonard: Appointed as Director
28-04-2025
Fabienne Lobet: Resigned as Director
28-04-2025
Luc Delvaux: Resigned as Director
30-06-2024
Didier Delvaux: Resigned as Director
30-06-2024
Elise Léonard: Resigned as Director
28-12-2023
Didier Delvaux: Appointed as Director (executive)
28-12-2023
Elise LEONARD: Appointed as Director (executive)
28-12-2023
Didier Charles Camille DELVAUX: Resigned as Director (executive)
28-12-2023
Elise Louise Camille LEONARD: Resigned as Director (executive)
Not every act has been read: a resignation may be missing here
12 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Marche-en-Famenne · 1 establishment unit since 1969
Ground area
3,189 m²
Building footprint
360 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Aye, Rue Grande 12, 6900 Marche-en-Famenne
since 19692.002.602.315
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83002A0153/00D000 | Wallonia | 3,110 m² | 1 · 281 m² | - |
| 83002A0153/00F000 | Wallonia | 80 m² | 1 · 79 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 157 companies in sector 46836 we hold annual accounts for 114. 59 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-05-1969
Fiscal year end31-12
Activities, NACEBEL
46836Wholesale trade
51532
46842Wholesale trade
51542
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.