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PINU

Active
Private limited companyfounded 20205 yrs activeGeraardsbergsestraat 153, 9400 Ninove, BelgiumKBO/BCE: BE 0757.791.417
Summary

The computed 12-month bankruptcy probability of PINU is 2.1% (moderate). The 2025 annual accounts show equity of €23,555 and a net result of €6,733. Equity is growing by ~39.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 7564 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability54▲+1
Solvency47▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.24 in 2024; short-term debt: 77.5% and cash: 29.6% of total assets), and 77.5% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
1 d early
2024
3 d late
2023
7 d late
2022
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 2 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 November 2020, PINU was incorporated as a Private limited company.1 Total assets went from EUR 16,110 in 2022 to EUR 104,882 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€52,828
EBIT margin
2.9%
Net result
€6,733▲ 24.4%
2024 · €5,413
Working capital
€23,555▲ 40.0%
2024 · €16,821
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Turnover€52,828-
Operating result€1,555-€5,027▲ 223%€5,498▲ 9.4%€6,828▲ 24.2%
Net result€1,539-€4,869▲ 216%€5,413▲ 11.2%€6,733▲ 24.4%
EBIT margin2.9%-
Equity€6,539-€11,408▲ 74.5%€16,821▲ 47.5%€23,555▲ 40.0%
Total assets€16,110-€81,070▲ 403%€87,138▲ 7.5%€104,882▲ 20.4%
Debt€9,571-€69,662▲ 628%€70,317▲ 0.9%€81,327▲ 15.7%
Working capital€6,539-€11,408▲ 74.5%€16,821▲ 47.5%€23,555▲ 40.0%
Result per fiscal year
Operating resultNet result
€0€2,000€4,000€6,000Operating result 2022: €1,555€1,555Net result 2022: €1,539€1,539Operating result 2023: €5,027€5,027Net result 2023: €4,869€4,869Operating result 2024: €5,498€5,498Net result 2024: €5,413€5,413Operating result 2025: €6,828€6,828Net result 2025: €6,733€6,7332022202320242025€0€2,000€4,000€6,000Operating result 2023: €5,027€5,030Net result 2023: €4,869€4,870Operating result 2024: €5,498€5,500Net result 2024: €5,413€5,410Operating result 2025: €6,828€6,830Net result 2025: €6,733€6,730202320242025
The operating result has risen three years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €104,882
Equity €23,555 ▲ 40.0%
Debt €81,327 ▲ 15.7%
Debt's share of the balance-sheet total falls from 80.7% to 77.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.29▲
2024 · 1.24
Debt to equity
3.45▼
2024 · 4.18
ROE
28.6%▼
2024 · 32.2%
ROA
6.4%▲
2024 · 6.2%
Debt ≤ 1 year
€81,327▲
2024 · €70,317
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 6,703 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€87,138€104,882▲
Current assets29/58€87,138€104,882▲
Amounts receivable within one year40/41€60,039€73,797▲
Trade receivables40€49,870€61,431▲
Other amounts receivable41€10,169€12,366▲
Cash at bank and in hand54/58€27,099€31,085▲
Equity and liabilities
Total equity and liabilities10/49€87,138€104,882▲
Equity10/15€16,821€23,555▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€11,821€18,555▲
Amounts payable17/49€70,317€81,327▲
Amounts payable within one year42/48€70,317€81,327▲
Trade debts44€49,854€73,553▲
Suppliers440/4€49,854€73,553▲
Taxes, remuneration and social security45€20,463€7,775▼
Taxes450/3€1,563€2,075▲
Remuneration and social security454/9€18,900€5,700▼
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€253,322€326,431▲
Remuneration, social security and pensions62€317-
Gross operating margin9900€5,816€6,828▲
Operating profit (loss)9901€5,498€6,828▲
Financial charges65/66B€85€95▲
Recurring financial charges65€85€95▲
Profit (loss) for the period before taxes9903€5,413€6,733▲
Profit (loss) for the period9904€5,413€6,733▲
Profit (loss) for the period to be appropriated9905€5,413€6,733▲
Appropriation of the result
Profit (loss) to be appropriated9906€11,821€18,555▲
Profit (loss) brought forward from the previous period14P€6,408€11,821▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Turnover70€52,828----
Goods, raw materials, services and sundry goods60/61€50,862€247,983€253,322€326,431▲ 28.9%
Remuneration, social security and pensions62--€317--
Other operating charges640/8-€134---
Gross operating margin9900€1,555€5,161€5,816€6,828▲ 17.4%
Operating profit (loss)9901€1,555€5,027€5,498€6,828▲ 24.2%
Financial charges65/66B€16€159€85€95▲ 11.4%
Recurring financial charges65€16€159€85€95▲ 11.4%
Profit (loss) for the period before taxes9903€1,539€4,869€5,413€6,733▲ 24.4%
Profit (loss) for the period9904€1,539€4,869€5,413€6,733▲ 24.4%
Profit (loss) for the period to be appropriated9905€1,539€4,869€5,413€6,733▲ 24.4%
Line2022202320242025Change
Assets
Total assets20/58€16,110€81,070€87,138€104,882▲ 20.4%
Current assets29/58€16,110€81,070€87,138€104,882▲ 20.4%
Amounts receivable within one year40/41€12,717€65,560€60,039€73,797▲ 22.9%
Trade receivables40€12,035€59,720€49,870€61,431▲ 23.2%
Other amounts receivable41€682€5,840€10,169€12,366▲ 21.6%
Cash at bank and in hand54/58€3,394€15,510€27,099€31,085▲ 14.7%
Equity and liabilities
Total equity and liabilities10/49€16,110€81,070€87,138€104,882▲ 20.4%
Equity10/15€6,539€11,408€16,821€23,555▲ 40.0%
Contributions10/11€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14€1,539€6,408€11,821€18,555▲ 57.0%
Amounts payable17/49€9,571€69,662€70,317€81,327▲ 15.7%
Amounts payable within one year42/48€9,571€69,662€70,317€81,327▲ 15.7%
Trade debts44€2,901€63,780€49,854€73,553▲ 47.5%
Suppliers440/4€110€63,780€49,854€73,553▲ 47.5%
Bills of exchange payable441€2,791----
Taxes, remuneration and social security45€6,670€5,882€20,463€7,775▼ 62.0%
Taxes450/3€410€1,262€1,563€2,075▲ 32.8%
Remuneration and social security454/9€6,260€4,620€18,900€5,700▼ 69.8%
Line2022202320242025Change
Profit (loss) for the period9904€1,539€4,869€5,413€6,733▲ 24.4%
Operating cash flow (approximation)€1,539€4,869€5,413€6,733▲ 24.4%
Change in cash-€12,116€11,590€3,986▼ 65.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
30-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial Highest result since 2022net €6,733 ▲24.4%
Operating result €6,828, net result €6,733, both a record.
03-02
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 3 days late
2024
07-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-01
NBB filing Annual accounts filed
fiscal year 2022 · 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, Ninove · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
102 m²
Building footprint
101 m²
Volume, LiDAR
888 m³
Parcel 41362B1842/00V000, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PINU
Geraardsbergsestraat 153, 9400 NinoveLaying of wooden floor and wall coverings
since 20202.310.572.365
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41362B1842/00V000 Flanders 102 m² 1 · 101 m² 9.9 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.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 11,941 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
Founded04-11-2020
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0757791417
Also 9925:BE0757791417
Registered 03-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.