PNPROPERTIES
ActiveSummary
PNPROPERTIES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,228 and a net result of €16,471. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency48▲+48
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
28 d late
2023
28 d late
2022
30 d late
2021
29 d late
2020
89 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,471
2024 · -€12,854
Working capital
€3,304
2024 · -€10,475
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,921▼ 77.7%€7,567▲ 93.0%-€4,366-€12,524▼ 187%€17,871
Net result€2,839within the sector's middle half▼ 82.2%€8,009within the sector's middle half▲ 182%-€4,657within the sector's middle half-€12,854within the sector's middle half▼ 176%€16,471within the sector's middle half
Equity-€2,741below the sector's middle half▲ 50.9%€5,268below the sector's middle half€611below the sector's middle half▼ 88.4%-€12,243below the sector's middle half€4,228below the sector's middle half
Total assets€6,678below the sector's middle half▼ 81.1%€8,752below the sector's middle half▲ 31.1%€5,863below the sector's middle half▼ 33.0%€2,101below the sector's middle half▼ 64.2%€18,600below the sector's middle half▲ 785%
Debt€9,419▼ 77.0%€3,484▼ 63.0%€5,251▲ 50.7%€14,344▲ 173%€14,372▲ 0.2%
Working capital-€5,304▲ 28.3%€3,795-€679-€10,475▼ 1,444%€3,304
Solvency-41.0%below the sector's middle half▼ 25.3pp60.2%within the sector's middle half▲ 101.2pp10.4%within the sector's middle half▼ 49.8pp22.7%within the sector's middle half
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17,871 after a loss of €12,524 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18,600
Fixed assets
€924 ▼ 16.5%
Current assets
€17,676 ▲ 1,678%
Equity and liabilities €18,600
Equity
€4,228
Debt
€14,372
Debt finances 77.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€18,054▲
2024 · -€12,341
Cash flow
€16,654▲
2024 · -€12,671
Current ratio
1.23
Debt to equity
3.40
ROE
389.6%
ROA
88.6%
Interest coverage
26.67▲
2024 · -37.29
Debt ≤ 1 year
€14,372▲
2024 · €11,469
Income taxes
€723▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,090 | €1,090 | €183 | €183 | €183 | = |
| Other operating charges640/8 | €953 | €679 | €2,114 | €420 | €673 | ▲ 60.1% |
| Non-recurring operating charges66A | €35,422 | - | - | - | - | - |
| Gross operating margin9900 | €41,386 | €9,335 | -€2,069 | -€11,920 | €18,727 | ▲ 257% |
| Operating profit (loss)9901 | €3,921 | €7,567 | -€4,366 | -€12,524 | €17,871 | ▲ 243% |
| Financial income75/76B | €0 | €855 | €2 | €0 | - | - |
| Recurring financial income75 | €0 | €855 | €2 | €0 | - | - |
| Financial charges65/66B | €1,083 | €413 | €293 | €331 | €677 | ▲ 105% |
| Recurring financial charges65 | €1,083 | €413 | €293 | €331 | €677 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €2,839 | €8,009 | -€4,657 | -€12,854 | €17,194 | ▲ 234% |
| Income taxes67/77 | - | - | - | €0 | €723 | ▲ 7,225,900% |
| Profit (loss) for the period9904 | €2,839 | €8,009 | -€4,657 | -€12,854 | €16,471 | ▲ 228% |
| Profit (loss) for the period to be appropriated9905 | €2,839 | €8,009 | -€4,657 | -€12,854 | €16,471 | ▲ 228% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,678 | €8,752 | €5,863 | €2,101 | €18,600 | ▲ 785% |
| Fixed assets21/28 | €2,563 | €1,473 | €1,290 | €1,107 | €924 | ▼ 16.5% |
| Intangible fixed assets21 | €911 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,652 | €1,473 | €1,290 | €1,107 | €924 | ▼ 16.5% |
| Plant, machinery and equipment23 | €1,652 | €1,473 | €1,290 | €1,107 | €924 | ▼ 16.5% |
| Current assets29/58 | €4,115 | €7,279 | €4,573 | €994 | €17,676 | ▲ 1,678% |
| Amounts receivable within one year40/41 | €830 | €750 | €934 | €934 | €17,189 | ▲ 1,740% |
| Trade receivables40 | €106 | - | - | - | €16,293 | - |
| Other amounts receivable41 | €723 | €750 | €934 | €934 | €896 | ▼ 4.0% |
| Cash at bank and in hand54/58 | €59 | €6,191 | €3,281 | €60 | €103 | ▲ 70.7% |
| Deferred charges and accrued income490/1 | €3,227 | €338 | €357 | - | €384 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,678 | €8,752 | €5,863 | €2,101 | €18,600 | ▲ 785% |
| Equity10/15 | -€2,741 | €5,268 | €611 | -€12,243 | €4,228 | ▲ 135% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | €620 | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | €620 | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | -€21,961 | -€13,952 | -€18,609 | -€31,463 | -€14,992 | ▲ 52.4% |
| Amounts payable17/49 | €9,419 | €3,484 | €5,251 | €14,344 | €14,372 | ▲ 0.2% |
| Amounts payable within one year42/48 | €9,419 | €3,484 | €5,251 | €11,469 | €14,372 | ▲ 25.3% |
| Financial debts43 | €2,218 | - | - | €6,803 | - | - |
| Credit institutions430/8 | €2,218 | - | - | €6,803 | - | - |
| Trade debts44 | €2,215 | €1,120 | €3,595 | €3,525 | €9,014 | ▲ 156% |
| Suppliers440/4 | €2,215 | €1,120 | €3,595 | €3,525 | €9,014 | ▲ 156% |
| Taxes, remuneration and social security45 | €4,844 | €2,364 | €1,656 | €1,142 | €5,357 | ▲ 369% |
| Taxes450/3 | €2,396 | €2,364 | €1,656 | €1,142 | €5,357 | ▲ 369% |
| Remuneration and social security454/9 | €2,448 | - | - | - | - | - |
| Other amounts payable47/48 | €142 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,875 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,839 | €8,009 | -€4,657 | -€12,854 | €16,471 | ▲ 228% |
| + Depreciation and write-downs630 | €1,090 | €1,090 | €183 | €183 | €183 | = |
| Operating cash flow (approximation) | €3,928 | €9,099 | -€4,474 | -€12,671 | €16,654 | ▲ 231% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6,133 | -€2,910 | -€3,221 | €42 | ▲ 101% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Back to profitnet €16,471
Net result €16,471 after 2 loss-making years.
31-12
Financial
Liquidity times 14current ratio 1.23
Current ratio from 0.09 to 1.23.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Liquidity times 5current ratio 2.09
Current ratio from 0.44 to 2.09; short-term debt falls from €9,419 to €3,484.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
31-12
Financial
Back to profitnet €15,931
Net result €15,931 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€52,510
Net result drops to -€52,510, the lowest in the series; recovery starts the following year.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Brussel · 1 establishment unit since 2013
Ground area
196 m²
Building footprint
140 m²
Volume, LiDAR
2,064 m³
Parcel 21807G0016/00W002, Brussels · tallest building 26.8 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PNPROPERTIES
since 20132.235.544.350
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0016/00W002 | Brussels | 196 m² | 1 · 140 m² | 26.8 m · 5 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 11,757 companies in sector 68310 we hold annual accounts for 6,914. 1,840 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
Founded27-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876964924
Also
9925:BE0876964924
Registered
25-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.