PINSUIT
ActiveSummary
PINSUIT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39,770 and a net result of -€3,963. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 2547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▼-25
Solvency87▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.48 against 2.64 in 2023; short-term debt: 37.9% and cash: 90.7% of total assets), and 37.9% of the assets are financed with debt.
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Signals
Five 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
62.1%
Return on assets
-6.2%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€3,963
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
30 d early
2022
6 d early
2021
30 d early
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€39,770▼ 9.1%
2023 · €43,733
Total assets
€64,052▼ 6.6%
2023 · €68,547
Net result
-€3,963▼ 9.0%
2023 · -€3,637
Working capital
€35,914▼ 11.9%
2023 · €40,761
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,211▼ 47.4%€19,342▲ 211%€14,851▼ 23.2%€353▼ 97.6%-€3,514
Net result€3,993within the sector's middle half▼ 53.6%€13,994within the sector's middle half▲ 250%€10,648within the sector's middle half▼ 23.9%-€3,637below the sector's middle half-€3,963below the sector's middle half▼ 9.0%
Equity€22,728within the sector's middle half▲ 21.3%€36,723within the sector's middle half▲ 61.6%€47,371within the sector's middle half▲ 29.0%€43,733within the sector's middle half▼ 7.7%€39,770within the sector's middle half▼ 9.1%
Total assets€43,617within the sector's middle half▲ 12.7%€65,903within the sector's middle half▲ 51.1%€75,654within the sector's middle half▲ 14.8%€68,547within the sector's middle half▼ 9.4%€64,052within the sector's middle half▼ 6.6%
Debt€20,889▲ 4.7%€29,180▲ 39.7%€28,283▼ 3.1%€24,814▼ 12.3%€24,282▼ 2.1%
Working capital€15,749within the sector's middle half▲ 126%€31,742within the sector's middle half▲ 102%€43,119within the sector's middle half▲ 35.8%€40,761within the sector's middle half▼ 5.5%€35,914within the sector's middle half▼ 11.9%
Solvency52.1%within the sector's middle half▲ 3.7pp55.7%within the sector's middle half▲ 3.6pp62.6%within the sector's middle half▲ 6.9pp63.8%within the sector's middle half▲ 1.2pp62.1%within the sector's middle half▼ 1.7pp
Current ratio1.75within the sector's middle half▲ 0.412.09within the sector's middle half▲ 0.332.52within the sector's middle half▲ 0.442.64within the sector's middle half▲ 0.122.48within the sector's middle half▼ 0.16
Return on assets (ROA)9.2%within the sector's middle half▼ 13.1pp21.2%within the sector's middle half▲ 12.1pp14.1%within the sector's middle half▼ 7.2pp-5.3%below the sector's middle half▼ 19.4pp-6.2%below the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3,514 after €353 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64,052
Fixed assets
€3,856 ▲ 29.7%
Current assets
€60,195 ▼ 8.2%
Equity and liabilities €64,052
Equity
€39,770 ▼ 9.1%
Debt
€24,282 ▼ 2.1%
Debt's share of the balance-sheet total rises from 36.2% to 37.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,088▼
2023 · €1,632
Cash flow
-€2,537▼
2023 · -€2,358
Debt to equity
0.61▲
2023 · 0.57
ROE
-10.0%▼
2023 · -8.3%
Interest coverage
-8.10▼
2023 · 2.92
Debt ≤ 1 year
€24,282▼
2023 · €24,814
Income taxes
€225▲
2023 · €207
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,442 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,042 | €5,451 | €2,624 | €1,279 | €1,426 | ▲ 11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €13,460 | - | - |
| Other operating charges640/8 | - | €1,218 | €1,279 | €1,322 | €1,224 | ▼ 7.4% |
| Gross operating margin9900 | €12,407 | €26,011 | €18,754 | €16,414 | -€864 | ▼ 105% |
| Operating profit (loss)9901 | €6,211 | €19,342 | €14,851 | €353 | -€3,514 | ▼ 1,095% |
| Financial income75/76B | - | €0 | €2 | - | €33 | - |
| Recurring financial income75 | €75 | €0 | €2 | - | €33 | - |
| Financial charges65/66B | - | €577 | €639 | €3,783 | €258 | ▼ 93.2% |
| Recurring financial charges65 | €614 | €577 | €639 | €559 | €258 | ▼ 53.9% |
| Non-recurring financial charges66B | - | - | - | €3,225 | - | - |
| Profit (loss) for the period before taxes9903 | €5,673 | €18,765 | €14,214 | -€3,430 | -€3,738 | ▼ 9.0% |
| Income taxes67/77 | €1,680 | €4,770 | €3,566 | €207 | €225 | ▲ 8.7% |
| Profit (loss) for the period9904 | €3,993 | €13,994 | €10,648 | -€3,637 | -€3,963 | ▼ 9.0% |
| Profit (loss) for the period to be appropriated9905 | €3,993 | €13,994 | €10,648 | -€3,637 | -€3,963 | ▼ 9.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,617 | €65,903 | €75,654 | €68,547 | €64,052 | ▼ 6.6% |
| Fixed assets21/28 | €6,979 | €4,980 | €4,251 | €2,972 | €3,856 | ▲ 29.7% |
| Tangible fixed assets22/27 | €6,979 | €4,980 | €4,251 | €2,972 | €3,856 | ▲ 29.7% |
| Plant, machinery and equipment23 | - | €378 | €184 | €28 | €2,034 | ▲ 7,243% |
| Furniture and vehicles24 | - | €4,602 | €4,067 | €2,945 | €1,822 | ▼ 38.1% |
| Current assets29/58 | €36,637 | €60,922 | €71,402 | €65,575 | €60,195 | ▼ 8.2% |
| Amounts receivable within one year40/41 | €10,659 | €21,040 | €13,938 | €12,328 | €2,117 | ▼ 82.8% |
| Trade receivables40 | - | €18,567 | €13,460 | €10,788 | - | - |
| Other amounts receivable41 | - | €2,472 | €479 | €1,540 | €2,117 | ▲ 37.5% |
| Cash at bank and in hand54/58 | €25,978 | €39,883 | €57,464 | €53,247 | €58,079 | ▲ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,617 | €65,903 | €75,654 | €68,547 | €64,052 | ▼ 6.6% |
| Equity10/15 | €22,728 | €36,723 | €47,371 | €43,733 | €39,770 | ▼ 9.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Reserves13 | €16,528 | €30,523 | €41,171 | €41,171 | €41,171 | = |
| Non-distributable reserves130/1 | - | €1,526 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,526 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €28,996 | €39,311 | €39,311 | €39,311 | = |
| Profit (loss) carried forward14 | - | - | - | -€3,637 | -€7,601 | ▼ 109% |
| Amounts payable17/49 | €20,889 | €29,180 | €28,283 | €24,814 | €24,282 | ▼ 2.1% |
| Amounts payable within one year42/48 | €20,889 | €29,180 | €28,283 | €24,814 | €24,282 | ▼ 2.1% |
| Financial debts43 | - | €8,800 | €7,350 | €6,100 | €5,050 | ▼ 17.2% |
| Other loans439 | - | €8,800 | €7,350 | €6,100 | €5,050 | ▼ 17.2% |
| Trade debts44 | €373 | €1,081 | €307 | €259 | €249 | ▼ 4.0% |
| Suppliers440/4 | - | €1,081 | €307 | €259 | €249 | ▼ 4.0% |
| Taxes, remuneration and social security45 | - | €7,482 | €6,374 | €2,788 | €2,725 | ▼ 2.2% |
| Taxes450/3 | - | €7,482 | €6,374 | €2,788 | €2,725 | ▼ 2.2% |
| Other amounts payable47/48 | - | €11,818 | €14,252 | €15,666 | €16,257 | ▲ 3.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,993 | €13,994 | €10,648 | -€3,637 | -€3,963 | ▼ 9.0% |
| + Depreciation and write-downs630 | €5,042 | €5,451 | €2,624 | €1,279 | €1,426 | ▲ 11.5% |
| Operating cash flow (approximation) | €9,035 | €19,446 | €13,272 | -€2,358 | -€2,537 | ▼ 7.6% |
| Investment in fixed assets (approximation) | - | -€3,452 | -€1,895 | €0 | -€2,310 | - |
| Change in cash | - | €13,905 | €17,581 | -€4,217 | €4,831 | ▲ 215% |
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
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€3,963
Net result drops to -€3,963, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €13,994 ▲250%
Operating result €19,342, net result €13,994, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Maaseik · 1 establishment unit since 2018
Ground area
877 m²
Building footprint
195 m²
Volume, LiDAR
1,536 m³
Parcel 72021D0046/00M002, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Maastrichtersteenweg 85, 3680 Maaseik
since 20182.276.460.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021D0046/00M002 | Flanders | 877 m² | 1 · 195 m² | 10.0 m · 3 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.
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Of 949 companies in sector 85699 we hold annual accounts for 147. 88 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
Founded01-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
85699Other educational support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697570352
Also
9925:BE0697570352
Registered
28-04-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.