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Pinus Peuce

Active
Public limited companyfounded 2016active for 10 yearsEsplanade Oscar Van de Voorde 1, 9000 Gent, Belgium96 active companies are registered at this addressKBO/BCE: BE 0664.611.633
Summary

Pinus Peuce has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of -€539,550. Equity is shrinking by about 4.4% per year across the filed financial years. Its solvency ranks better than 22% of 5,763 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
Pinus PeuceActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
1 site
Size
€40.5mtotal assets 2025
Equity
€3.6m
Loss
-€539,550
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
MG Real Estate · 100%
Board
6 members
Auditor: Christophe BoschmansAccounts 46 days early2 of 7 deeds read
Why 85raises riskLiquidity: current ratio 0.02, cash €62,862Equity €3.6m (8.9% of total assets)lowers riskSize: total assets €40.5mSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 18% of its sector peers (NACE 68, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 34-2
equity 8.9% of total assets
Liquidity 0=
short-term debt 90.6% · cash 0.2%
Profitability 29+6
return on assets -1.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,717 companies, NACE 68, medium-sized)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.5%▲ +0.1 percentage points vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 0.3%▼ -0.5 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026 10-2026: 0.2%▼ -0.4 percentage points vs 09-2026lowest value
Credit of up to €300,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.02, compared with 0.02 in 2024, below 1; short-term debt: 90.6% and cash: 0.2% of total assets), and 91.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized): better than 28% on solvency, 2% on liquidity, 23% on profitability and 18% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.02, cash €62,862
NBB · annual accounts
lowers risk · Size: total assets €40.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Equity €3.6m (8.9% of total assets)
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€539,550
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 5763 sector peers (2025).
NBB · sector comparison
Position among 5763 sector peers
Solvency
better than 22%
← weakest strongest →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
46 days early
2024
12 days late
2023
12 days late
2022
42 days early
2021
32 days early
2020
24 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: Christophe Boschmans (algemeen revisor)Appointments: MG RE Investment BV…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Risk: 7 loss-making years in a rowloss financial year 2025 -€539,550 View
  • Caution: Among the weakest 7% on net resultsector median €20,538 · 5,769 companies -€539,550 View
  • New directorslatest change 22-06-2026 · 6 in office 4 joined View
  • Controlled by MG Real Estateultimately: MG RE Invest S.A. 100% View
  • Positive: Result rose in 2025from -€748,515 to -€539,550 ▲ 27.9% View

By topic

Financials

Financial year
2025
Total assets
€40.5m
Loss
-€539,550
Solvency
8.9%
Total assets▲ 3.8%
Net result
20182025
Go to Financials

Board & ownership

Board
6 members
Parent
MG Real Estate · 100%
Auditor
Christophe Boschmans
  • MG RE InvestmentManaging director
  • 9000 EstateDirector
  • MEA VOTA ONEDirector
  • PRODITDirector
  • SCSDirector

and 1 other director

Go to Board & ownership

Timeline

Events
13
Since
2018
Next accounts
by 31-07-2027
  1. 14-02-2025Resignation: MG Investment (director)
  2. 31-12-2024Weakest financial year
  3. 31-12-2024Equity above €2m
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
13-10-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about Pinus Peuce

What is the company number of Pinus Peuce?
0664.611.633. In Belgium the VAT number is the company number with BE in front: BE 0664.611.633.
Where is Pinus Peuce based?
The registered office is at Esplanade Oscar Van de Voorde 1, 9000 Gent.Company details
What does Pinus Peuce do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of Pinus Peuce?
Public limited company (NV).
When was Pinus Peuce founded?
On 13-10-2016.
Is Pinus Peuce still active?
Yes, Pinus Peuce is an active enterprise in the KBO register.
What is the turnover of Pinus Peuce?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Pinus Peuce profitable?
In financial year 2025, Pinus Peuce made a loss of €539,550.
Where can I find the annual accounts of Pinus Peuce?
Pinus Peuce filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Pinus Peuce due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?MG RE Invest S.A. · 51 companies How does this company compare with its sector?Sector benchmark

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