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PIT TAMINES

Active
Private limited companyfounded 2025active for 1 yearKlamperstraat 5, 2060 Antwerpen, BelgiumKBO/BCE: BE 1019.930.254

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-06-2026 at the NBB

Turnover
≈ €200,000
Estimated: probably between €150,000 and €260,000
Total assets
€55,642
Net result
€27,711
Working capital
€39,295

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €55,642
Fixed assets €3,416
Current assets €52,226
Equity and liabilities €55,642
Equity €42,711
Debt €12,931
Debt's share of the balance-sheet total is 23.2%.
Key figures and ratios
2025 value
EBITDA
€35,423
Cash flow
€28,554
Current ratio
4.04
Quick ratio
3.60
Debt to equity
0.30
ROE
64.9%
ROA
49.8%
Interest coverage
over 100
Debt ≤ 1 year
€12,931
Income taxes
€6,821

Investments

fixed assets acquired
Item2025
Tangible fixed assets€4,259
Depreciation and write-downs of the year€843

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€55,642
Fixed assets21/28€3,416
Tangible fixed assets22/27€3,416
Other tangible fixed assets26€3,416
Current assets29/58€52,226
Stocks and contracts in progress3€5,656
Stocks30/36€5,656
Amounts receivable within one year40/41€12,143
Trade receivables40€1,113
Other amounts receivable41€11,030
Cash at bank and in hand54/58€34,426
Equity and liabilities
Total equity and liabilities10/49€55,642
Equity10/15€42,711
Contributions10/11€15,000
Profit (loss) carried forward14€27,711
Amounts payable17/49€12,931
Amounts payable within one year42/48€12,931
Trade debts44€2,302
Suppliers440/4€2,302
Taxes, remuneration and social security45€10,629
Taxes450/3€10,629
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€843
Other operating charges640/8€275
Gross operating margin9900€35,697
Operating profit (loss)9901€34,580
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€48
Recurring financial charges65€48
Profit (loss) for the period before taxes9903€34,532
Income taxes67/77€6,821
Profit (loss) for the period9904€27,711
Profit (loss) for the period to be appropriated9905€27,711
Appropriation of the result
Profit (loss) to be appropriated9906€27,711

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€843
Other operating charges640/8€275
Gross operating margin9900€35,697
Operating profit (loss)9901€34,580
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€48
Recurring financial charges65€48
Profit (loss) for the period before taxes9903€34,532
Income taxes67/77€6,821
Profit (loss) for the period9904€27,711
Profit (loss) for the period to be appropriated9905€27,711
Line2025
Assets
Total assets20/58€55,642
Fixed assets21/28€3,416
Tangible fixed assets22/27€3,416
Other tangible fixed assets26€3,416
Current assets29/58€52,226
Stocks and contracts in progress3€5,656
Stocks30/36€5,656
Amounts receivable within one year40/41€12,143
Trade receivables40€1,113
Other amounts receivable41€11,030
Cash at bank and in hand54/58€34,426
Equity and liabilities
Total equity and liabilities10/49€55,642
Equity10/15€42,711
Contributions10/11€15,000
Profit (loss) carried forward14€27,711
Amounts payable17/49€12,931
Amounts payable within one year42/48€12,931
Trade debts44€2,302
Suppliers440/4€2,302
Taxes, remuneration and social security45€10,629
Taxes450/3€10,629
Line2025
Profit (loss) for the period9904€27,711
+ Depreciation and write-downs630€843
Operating cash flow (approximation)€28,554

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 11,279 companies had the same profile as PIT TAMINES has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.6% stopped otherwise
0.7% went bankrupt

That fits the bankruptcy probability of PIT TAMINES itself: 0.7% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 11,279 companies, not a prediction for PIT TAMINES. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 30-06-2026 2026-00220567 PDF

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