PNP IMMO
ActiveSummary
The computed 12-month bankruptcy probability of PNP IMMO is 3.2% (moderate). The 2025 annual accounts show negative equity (€-5k) and a net result of €-7k. Equity is shrinking by ~65.2% per year across the filed fiscal years. Its solvency ranks better than 11% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+15
Solvency23▼-3
Growth32=
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 6.23; short-term debt: 16.1% and cash: 4.1% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.7%
Return on assets
-2.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-5k
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 05-05-2026, 87 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
87 d early
2024
72 d early
2023
58 d early
2022
83 d early
← 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, micro schema
Equity
€-5k
2024 · €2k
2022: €5khighest in 4 years
2023: €4k▼ -24.0% vs 2022
2024: €2k▼ -58.8% vs 2023
2025: €-5k▼ -452% vs 2024lowest in 4 years
2022 → 2025
Total assets
€321k▲ 146%
2024 · €131k
2022: €134k
2023: €133k▼ -0.9% vs 2022
2024: €131k▼ -1.7% vs 2023lowest in 4 years
2025: €321k▲ +146% vs 2024highest in 4 years
2022 → 2025
Net result
€-7k▼ 217%
2024 · €-2k
2022: €-1khighest in 4 years
2023: €-1k▼ -15.7% vs 2022
2024: €-2k▼ -85.6% vs 2023
2025: €-7k▼ -217% vs 2024lowest in 4 years
2022 → 2025
Working capital
€270k▲ 106%
2024 · €131k
2022: €133k
2023: €132k▼ -0.5% vs 2022
2024: €131k▼ -1.2% vs 2023lowest in 4 years
2025: €270k▲ +106% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€5k-€4k▼ 24.0%€2k▼ 58.8%€-5k
2022: €5khighest in 4 years
2023: €4k▼ -24.0% vs 2022
2024: €2k▼ -58.8% vs 2023
2025: €-5k▼ -452% vs 2024lowest in 4 years
Operating result€-1k-€-137▲ 86.7%€-1k▼ 897%€-5k▼ 250%
2022: €-1k
2023: €-137▲ +86.7% vs 2022highest in 4 years
2024: €-1k▼ -897% vs 2023
2025: €-5k▼ -250% vs 2024lowest in 4 years
Net result€-1k-€-1k▼ 15.7%€-2k▼ 85.6%€-7k▼ 217%
2022: €-1khighest in 4 years
2023: €-1k▼ -15.7% vs 2022
2024: €-2k▼ -85.6% vs 2023
2025: €-7k▼ -217% vs 2024lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €1k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Solvency
-1.7%▼
2024 · 1.2%
Current ratio
6.23
Quick ratio
0.41▼
2024 · 20.61
Debt to equity
-59.69▼
2024 · 82.99
ROA
-2.2%▼
2024 · -1.7%
Debt
€327k▲
2024 · €129k
Debt ≤ 1 year
€52k▲
2024 · €66
Debt > 1 year
€275k▲
2024 · €129k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet
Code20242025
Assets
Total assets20/58€131k€321k▲
Formation expenses20€0-
Fixed assets21/28€0-
Intangible fixed assets21€0-
Current assets29/58€131k€321k▲
Stocks and contracts in progress3€129k€300k▲
Contracts in progress37€129k€300k▲
Amounts receivable within one year40/41€89€8k▲
Other amounts receivable41€89€8k▲
Cash at bank and in hand54/58€1k€13k▲
Equity and liabilities
Total equity and liabilities10/49€131k€321k▲
Equity10/15€2k€-5k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-4k€-11k▼
Amounts payable17/49€129k€327k▲
Amounts payable after more than one year17€129k€275k▲
Financial debts170/4€129k€275k▲
Amounts payable within one year42/48€66€52k▲
Trade debts44€66€52k▲
Suppliers440/4€66€52k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€579-
Gross operating margin9900€-790€-5k▼
Operating profit (loss)9901€-1k€-5k▼
Financial charges65/66B€848€2k▲
Recurring financial charges65€848€2k▲
Profit (loss) for the period before taxes9903€-2k€-7k▼
Profit (loss) for the period9904€-2k€-7k▼
Profit (loss) for the period to be appropriated9905€-2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-11k▼
Profit (loss) brought forward from the previous period14P€-2k€-4k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €471 | €525 | €579 | - | - |
| Gross operating margin9900 | €-561 | €388 | €-790 | €-5k | ▼ 506% |
| Operating profit (loss)9901 | €-1k | €-137 | €-1k | €-5k | ▼ 250% |
| Financial charges65/66B | - | €1k | €848 | €2k | ▲ 164% |
| Recurring financial charges65 | - | €1k | €848 | €2k | ▲ 164% |
| Profit (loss) for the period before taxes9903 | €-1k | €-1k | €-2k | €-7k | ▼ 217% |
| Profit (loss) for the period9904 | €-1k | €-1k | €-2k | €-7k | ▼ 217% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-1k | €-2k | €-7k | ▼ 217% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €134k | €133k | €131k | €321k | ▲ 146% |
| Formation expenses20 | €842 | €438 | €0 | - | - |
| Fixed assets21/28 | €262 | €141 | €0 | - | - |
| Intangible fixed assets21 | €262 | €141 | €0 | - | - |
| Current assets29/58 | €133k | €132k | €131k | €321k | ▲ 146% |
| Stocks and contracts in progress3 | €127k | €129k | €129k | €300k | ▲ 132% |
| Stocks30/36 | €127k | - | - | - | - |
| Contracts in progress37 | - | €129k | €129k | €300k | ▲ 132% |
| Amounts receivable within one year40/41 | - | €199 | €89 | €8k | ▲ 9,133% |
| Other amounts receivable41 | - | €199 | €89 | €8k | ▲ 9,133% |
| Cash at bank and in hand54/58 | €5k | €3k | €1k | €13k | ▲ 942% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €134k | €133k | €131k | €321k | ▲ 146% |
| Equity10/15 | €5k | €4k | €2k | €-5k | ▼ 452% |
| Contributions10/11 | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-1k | €-2k | €-4k | €-11k | ▼ 158% |
| Amounts payable17/49 | €129k | €129k | €129k | €327k | ▲ 153% |
| Amounts payable after more than one year17 | €129k | €129k | €129k | €275k | ▲ 113% |
| Financial debts170/4 | €129k | €129k | €129k | €275k | ▲ 113% |
| Amounts payable within one year42/48 | €64 | €64 | €66 | €52k | ▲ 78,414% |
| Trade debts44 | €64 | €64 | €66 | €52k | ▲ 78,414% |
| Suppliers440/4 | €64 | €64 | €66 | €52k | ▲ 78,414% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-1k | €-2k | €-7k | ▼ 217% |
| + Depreciation and write-downs630 | €471 | €525 | €579 | - | - |
| Operating cash flow (approximation) | €-561 | €-669 | €-2k | €-7k | ▼ 329% |
| Investment in fixed assets (approximation) | - | €-404 | €-438 | - | - |
| Change in cash | - | €-3k | €-2k | €12k | ▲ 881% |
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
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Paliseul · 1 establishment unit since 2022
Ground area
945 m²
Building footprint
466 m²
Parcel 84020A0811/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
PNP IMMO
since 20222.327.842.028
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84020A0811/00K000 | Wallonia | 945 m² | 1 · 466 m² | - |
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.
Similar companies · same sector, comparable size
FIDECOR
BE 0782.634.008
Asse · Eq €1,553
TUMERELLE
BE 0896.639.789
Onhaye · Eq €1,558
RBA CONCEPT
BE 0797.427.397
Beersel · Eq €1,547
4S CONSTRUCTION
BE 0745.776.976
Tienen · Eq €1,546
LUNA-IMMO
BE 0460.812.059
Liège · Eq €1,545
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 2,730 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
Founded31-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
Scores and ratios are computed by Checked and are not a credit decision.