Equity
-€1,470
Debts exceed assets in financial year 2025.
PN'co
Lifetime
8 annual accounts with figures on one time axispeak €25,480 (2021)
€7,473▼ 41.2%
lowest -€10,995 (2020)
€47▼ 60.5%
peak €20,807 (2019)
-€1,470▲ €47
€11,141▼ 31.9%
Board2 names since 2017
1 directorNOTTÉ Pol Jean Philippe Marie Joseph
Documentsfilings and deeds
11-03-202650 days before the deadline
2025micro format
Gross margin from €12,715 to €7,473Result from €118 to €47Debts from €16,348 to €11,141Cash from €1,244 to €53
Key points
from the 2025 annual accountsChecked score
54
Fair
Financially stronger than 28% of micro companies in education (NACE 85)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 2.7%▲ +0.3 percentage points vs 12-2024highest value
02-2025: 2.5%▼ -0.2 percentage points vs 01-2025
03-2025: 1.0%▼ -1.5 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 0.5%▼ -0.5 percentage points vs 04-2025
06-2025: 0.4%▼ -0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025lowest value
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€1,470
No registered site in the KBO
lowers risk
Size: total assets €9,671
Sector: Education (NACE 85)
Calculation
The band follows from the bankruptcy probability. 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 85, micro). It does better than 12% of them on solvency, 9% on liquidity, 40% on profitability and 50% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 906 companies had the same profile as PN'co has now. Each dot stands for 3 companies, two years later.
89.4%
were still trading
4.1%
stopped another way
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PN'co itself is lower: 0.4% within 12 months. It rests on far more data about PN'co than the profile alone.
Test of the method
The method was tested on the 497,447 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 906 companies, not a prediction for PN'co. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.81 (0.55 in 2024), below 1. Short-term debt is 62.4% and cash 0.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2612 sector peers (2025).
NBB · sector comparisonPosition among 2612 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
50 days early
2024
1 day early
2023
on the day
2022
3 days early
2021
37 days early
2020
91 days early
2019
66 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 April (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
- NOTTÉ Pol Jean Philippe Marie Joseph 99 sharesdeed of 07-04-2023
- DAL BO Vanessa 1 sharedeed of 07-04-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0683446459
Registered office moved to Ittre
New registered office: rue de l'ancien canal 10, 1460 Ittre · Change of role: NOTTÉ Pol Jean Philippe Marie Joseph, from manager to director · NOTTÉ Pol Jean Philippe Marie Joseph holds 99 shares · General meeting of 01-02-2023 · Gazette deed
Registered office moved from Strombeek-Bever to Ittre
New registered office: Rue de l'ancien canal 10, 1460 Ittre · Previous registered office: Jozef Van Elewijckstraat 79, 1853 Strombeek-Bever · NOTTÉ Pol Jean Philippe Marie Joseph holds 99 shares · General meeting of 01-02-2023 · Gazette deed
Incorporation
Founders: NOTTÉ Pol Jean Philippe Marie Joseph and DAL BO Vanessa · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: Notté (manager) · published on 19-10-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PN'co Ittre | €9,671 | €7,473 | -15.2% | - |
| SIM TENNIS CONSULTING Liège | €6,715 | €8,664 | 64.3% | - |
| PILATROOM Thuin | €17,101 | €6,559 | -1.7% | - |
| Top Tennis Team Oud-Turnhout | €12,157 | €12,977 | -42.2% | - |
| Smeyers Swimming School Kapellen | €14,309 | €3,881 | 42.0% | - |
| CLAMS Molenbeek-Saint-Jean | €7,814 | €4,502 | -12.5% | - |
| Vlaamse Sport Academie Sint-Niklaas | €8,217 | €6,144 | 15.3% | - |
These companies have the same main activity as PN'co: sports and recreation education (NACE 85510). They are comparable in size and age: total assets between €6,720 and €17,100, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 17-10-2017Normal situation
- Activity
- Sports and recreation educationNACE 85510
- Financial year end
- 30 September
- Peppol
- Reachable since 28-03-2025
Annual accounts to 30-09-2025
- ≈ €27,000estimated
- €9,671▼ 34.8%
- Filing
- Filed on 11-03-2026, 50 days before the end of the filing period
Insights on PN'co
PN'co files the micro format. That format states no turnover. The gross margin rose from €5,243 in 2018 to €7,473 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PN'co
- What is the company number of PN'co?
- The company number of PN'co is 0683.446.459. The VAT number is the same number with BE in front: BE 0683.446.459.
- Where is PN'co based?
- The registered office is at Rue de l'Ancien-Canal 10, 1460 Ittre.Company details
- What does PN'co do?
- According to the KBO register, the main activity is sports and recreation education (NACE 85510).
- What is the legal form of PN'co?
- PN'co is a private limited company (BV).
- When was PN'co founded?
- PN'co was founded on 17-10-2017.
- Is PN'co still active?
- Yes, PN'co is an active enterprise in the KBO register.
- What is the turnover of PN'co?
- The turnover in financial year 2025 is ≈ €27,000. This figure is estimated from the gross margin of €7,473 and 42 comparable companies (NACE 855). It probably lies between €18,000 and €56,000. It is a rough estimate.Financials
- Is PN'co profitable?
- In financial year 2025, PN'co made a profit of €47.
- Where can I find the annual accounts of PN'co?
- PN'co filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PN'co due?
- PN'co must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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