Equity
PIRYNS paid out €18,699 in dividends. That is 98% of the 2025 profit.
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In July 2024, 34,693 companies had the same profile as PIRYNS has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for PIRYNS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| PIRYNS Hamme (Vl.) | - | - | 48.3% | - |
| DE WEERDT RENOVATIEBEDRIJF Ghent | - | - | 33.0% | - |
| DS PROJECTS Beveren-Kruibeke-Zwijndrecht | - | - | 39.2% | - |
| RENO-TOTAL Algemene Renovatiewerken Antwerp | - | - | 58.4% | - |
| LMK Ixelles | €907,055 | 6.1% | 60.1% | - |
| Moonens Freddy & Bart Pajottegem | - | - | 20.2% | 1.3 |
| NEMERY DIDIER Vresse-sur-Semois | €334,991 | 2.6% | 41.4% | - |
These companies have the same main activity as PIRYNS: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €209,000 and €281,000, founded between 2005 and 2008.
PIRYNS files the micro format. That format states no turnover. The gross margin fell from €204,946 in 2008 to €124,717 in 2025.
The balance sheet grew most from 2009 to 2010 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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