PNCO

PNCO has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,771 and a net result of €10,973. Equity is shrinking by about 24% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 18% of 21,120 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).