PN GROUP
ActiveSummary
PN GROUP has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €5k. Equity is shrinking by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+49
Solvency52▼-7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.78 against 1.41 in 2024; short-term debt: 72.5% and cash: 4.6% of total assets), and 72.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.5%
Return on assets
7.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €17k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
53 d late
2023
30 d late
2022
50 d late
2021
31 d late
2020
16 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€17k▲ 40.5%
2024 · €12k
Total assets
€63k▲ 73.2%
2024 · €36k
Net result
€5k
2024 · €-3k
Working capital
€-10k
2024 · €10k
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
Line20212022202320242025
Operating result€36k▲ 2,358%€-38k€-4k▲ 88.4%€-958▲ 78.3%€15k
Net result€34k€-46k€-5k▲ 89.5%€-3k▲ 35.5%€5k
Equity€67k▲ 103%€20k▼ 69.5%€15k▼ 23.9%€12k▼ 20.3%€17k▲ 40.5%
Total assets€122k▼ 6.6%€61k▼ 49.9%€31k▼ 48.8%€36k▲ 15.8%€63k▲ 73.2%
Debt€56k▼ 43.3%€41k▼ 26.3%€16k▼ 61.1%€24k▲ 50.7%€46k▲ 89.9%
Working capital€45k▲ 1,477%€11k▼ 75.1%€12k▲ 10.3%€10k▼ 20.9%€-10k
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15k after a loss of €958 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€27k ▲ 990%
Current assets
€36k ▲ 5.5%
Equity and liabilities €63k
Equity
€17k ▲ 40.5%
Debt
€46k ▲ 89.9%
Debt's share of the balance-sheet total rises from 66.1% to 72.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▲
2024 · €-415
Cash flow
€5k▲
2024 · €-3k
Current ratio
0.78▼
2024 · 1.41
Debt to equity
2.64▲
2024 · 1.95
ROE
28.8%▲
2024 · -25.4%
ROA
7.9%▲
2024 · -8.6%
Interest coverage
3.38▲
2024 · -0.50
Debt ≤ 1 year
€46k▲
2024 · €24k
Income taxes
€6k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €42k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €126k | €14k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €8k | €6k | €542 | €208 | ▼ 61.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8k | - | - | - |
| Other operating charges640/8 | €33k | €32k | €1k | €3k | €2k | ▼ 47.2% |
| Non-recurring operating charges66A | €18k | €18k | €11k | €4k | - | - |
| Gross operating margin9900 | €222k | €34k | €23k | €7k | €17k | ▲ 164% |
| Operating profit (loss)9901 | €36k | €-38k | €-4k | €-958 | €15k | ▲ 1,689% |
| Financial income75/76B | - | - | - | €8 | €73 | ▲ 792% |
| Recurring financial income75 | - | - | - | €8 | €73 | ▲ 792% |
| Financial charges65/66B | €2k | €333 | €395 | €828 | €5k | ▲ 450% |
| Recurring financial charges65 | €2k | €333 | €395 | €828 | €5k | ▲ 450% |
| Profit (loss) for the period before taxes9903 | €34k | €-38k | €-5k | €-2k | €11k | ▲ 704% |
| Income taxes67/77 | - | €8k | €53 | €1k | €6k | ▲ 324% |
| Profit (loss) for the period9904 | €34k | €-46k | €-5k | €-3k | €5k | ▲ 260% |
| Profit (loss) for the period to be appropriated9905 | €34k | €-46k | €-5k | €-3k | €5k | ▲ 260% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122k | €61k | €31k | €36k | €63k | ▲ 73.2% |
| Fixed assets21/28 | €22k | €9k | €3k | €3k | €27k | ▲ 990% |
| Intangible fixed assets21 | €10k | €6k | €2k | €2k | €2k | = |
| Tangible fixed assets22/27 | €7k | €3k | €1k | €704 | €495 | ▼ 29.6% |
| Plant, machinery and equipment23 | €2k | €0 | - | - | - | - |
| Furniture and vehicles24 | €662 | €354 | €47 | - | - | - |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | €4k | €3k | €1k | €704 | €495 | ▼ 29.6% |
| Financial fixed assets28 | €4k | €0 | - | - | €25k | - |
| Current assets29/58 | €101k | €52k | €28k | €34k | €36k | ▲ 5.5% |
| Amounts receivable within one year40/41 | €92k | €50k | €12k | €33k | €31k | ▼ 4.3% |
| Trade receivables40 | €77k | €38k | €3k | €6k | €11k | ▲ 90.8% |
| Other amounts receivable41 | €15k | €12k | €9k | €27k | €20k | ▼ 24.7% |
| Cash at bank and in hand54/58 | €7k | €718 | €17k | €790 | €3k | ▲ 266% |
| Deferred charges and accrued income490/1 | €1k | €1k | - | €430 | €2k | ▲ 265% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122k | €61k | €31k | €36k | €63k | ▲ 73.2% |
| Equity10/15 | €67k | €20k | €15k | €12k | €17k | ▲ 40.5% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Capital10 | €25k | €25k | - | - | - | - |
| Issued capital100 | €25k | €25k | - | - | - | - |
| Outside capital11 | - | - | €25k | €25k | €25k | = |
| Other1109/19 | - | - | €25k | €25k | €25k | = |
| Reserves13 | €58k | €58k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | - | - |
| Legal reserve130 | €6k | €6k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €6k | €6k | - | - |
| Distributable reserves133 | €53k | €53k | - | - | €6k | - |
| Profit (loss) carried forward14 | €-16k | €-63k | €-15k | €-18k | €-13k | ▲ 27.4% |
| Amounts payable17/49 | €56k | €41k | €16k | €24k | €46k | ▲ 89.9% |
| Amounts payable within one year42/48 | €56k | €41k | €16k | €24k | €46k | ▲ 89.9% |
| Trade debts44 | €26k | €14k | €3k | €11k | €8k | ▼ 31.0% |
| Suppliers440/4 | €26k | €14k | €3k | €11k | €8k | ▼ 31.0% |
| Taxes, remuneration and social security45 | €28k | €8k | €6k | €5k | €10k | ▲ 103% |
| Taxes450/3 | €16k | €8k | €6k | €5k | €10k | ▲ 103% |
| Remuneration and social security454/9 | €12k | €0 | - | - | - | - |
| Other amounts payable47/48 | €2k | €20k | €7k | €8k | €28k | ▲ 267% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €-46k | €-5k | €-3k | €5k | ▲ 260% |
| + Depreciation and write-downs630 | €9k | €8k | €6k | €542 | €208 | ▼ 61.6% |
| Operating cash flow (approximation) | €43k | €-38k | €1k | €-3k | €5k | ▲ 301% |
| Investment in fixed assets (approximation) | - | €4k | €0 | €0 | €-25k | - |
| Change in cash | - | €-7k | €16k | €-16k | €2k | ▲ 113% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €34k
Net result €34k after 3 loss-making years.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Herve · 1 establishment unit since 1995
Ground area
156 m²
Building footprint
47 m²
Volume, LiDAR
184 m³
Parcel 63030B0393/00D000, Wallonia · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
PN GROUP
since 19952.122.257.654
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63030B0393/00D000 | Wallonia | 156 m² | 1 · 47 m² | 6.6 m · 1 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.
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 347 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
Founded29-05-1995
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.