Pogany
ActivePogany has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.81M and a net result of €12k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 95% of 4137 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 18.26 against 14.18 in 2024; short-term debt: 4.8% and cash: 6.1% of total assets), and 4.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
95.1%
Return on assets
0.4%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
70 d early
2023
19 d late
2022
27 d early
2021
68 d early
2020
66 d early
2019
32 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▼ 88.9%
2024 · €108k
2018: €10k
2019: €42k
2020: €63k
2021: €139k
2022: €18k
2023: €32k
2024: €108k
2018 → 2025
Working capital
€2.42M▲ 1.9%
2024 · €2.38M
2018: €2.62M
2019: €2.65M
2020: €2.71M
2021: €2.37M
2022: €2.30M
2023: €2.34M
2024: €2.38M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.73M-€2.74M▲ 0.7%€2.78M▲ 1.2%€2.79M▲ 0.7%€2.81M▲ 0.4%
Operating result€79k-€-10k€24k€98k▲ 307%€532▼ 99.5%
Net result€139k-€18k▼ 87.1%€32k▲ 76.0%€108k▲ 243%€12k▼ 88.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 99% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.95M
Fixed assets
€385k▼ 10.6%
Current assets
€2.57M▲ 0.2%
Equity and liabilities €2.95M
Equity
€2.81M▲ 0.4%
Debt
€145k▼ 27.1%
The debt ratio falls from 6.6% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▼
2024 · €144k
Cash flow
€58k▼
2024 · €154k
Solvency
95.1%▲
2024 · 93.4%
Current ratio
18.26▲
2024 · 14.18
Quick ratio
6.70▲
2024 · 5.24
Debt / equity
0.05▼
2024 · 0.07
ROE
0.4%▼
2024 · 3.9%
ROA
0.4%▼
2024 · 3.6%
Interest coverage
7.00▼
2024 · 13.94
Debt
€145k▼
2024 · €198k
Debt ≤ 1 year
€141k▼
2024 · €181k
Income taxes
€13k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.99M€2.95M▼
Fixed assets21/28€431k€385k▼
Intangible fixed assets21€861€461▼
Tangible fixed assets22/27€430k€385k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€95k€73k▼
Other tangible fixed assets26€332k€310k▼
Financial fixed assets28€100€100=
Current assets29/58€2.56M€2.57M▲
Stocks and contracts in progress3€1.61M€1.62M▲
Stocks30/36€1.61M€1.62M▲
Amounts receivable within one year40/41€744k€717k▼
Trade receivables40€12k€4k▼
Other amounts receivable41€733k€712k▼
Cash at bank and in hand54/58€164k€179k▲
Deferred charges and accrued income490/1€39k€46k▲
Equity and liabilities
Total equity and liabilities10/49€2.99M€2.95M▼
Equity10/15€2.79M€2.81M▲
Contributions10/11€421k€421k=
Capital10€421k€421k=
Issued capital100€421k€421k=
Reserves13€2.37M€2.38M▲
Non-distributable reserves130/1€42k€42k=
Legal reserve130€42k€42k=
Tax-exempt reserves132€402€402=
Distributable reserves133€2.33M€2.34M▲
Profit (loss) carried forward14€45€79▲
Amounts payable17/49€198k€145k▼
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€181k€141k▼
Current portion of amounts payable after more than one year42€21k€12k▼
Trade debts44€31k€66k▲
Suppliers440/4€31k€66k▲
Taxes, remuneration and social security45€9k€33k▲
Taxes450/3€9k€33k▲
Other amounts payable47/48€119k€29k▼
Accrued charges and deferred income492/3€5k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€46k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€20k€-18k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€16k
Gross operating margin9900€166k€47k▼
Operating profit (loss)9901€98k€532▼
Financial income75/76B€33k€31k▼
Recurring financial income75€33k€31k▼
Financial charges65/66B€10k€7k▼
Recurring financial charges65€10k€7k▼
Profit (loss) for the period before taxes9903€121k€25k▼
Income taxes67/77€13k€13k▼
Profit (loss) for the period9904€108k€12k▼
Profit (loss) for the period to be appropriated9905€108k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€108k€12k▼
Profit (loss) brought forward from the previous period14P€52€45▼
Transfer to equity691/2€18k€12k▼
To other reserves6921€18k€12k▼
Profit to be distributed694/7€90k-
Directors or managers695€90k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €139k ▲120%
Net result €139k, the highest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Knokke-Heist · 1 establishment unit since 1981
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kustlaan 2018300 Knokke-HeistGround area
115 m²
Building footprint
115 m²
Volume, LiDAR
1,160 m³
Parcel 31332E0054/00A000, Flanders · tallest building 21.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kustlaan 201, 8300 Knokke-Heist
since 19812.020.128.730
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0054/00A000 | Flanders | 115 m² | 1 · 115 m² | 21.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
S.A. PAUL DOUTREPONT ET CIE
BE 0444.941.770
Verviers · Eq €2.65M
JUWELIER VANDROMME
BE 0472.380.793
Ieper · Eq €2.64M
Lovisa Belgium
BE 0480.196.421
Antwerpen · Eq €3.01M
ROUANN
BE 0862.428.780
Brussel · Eq €3.09M
U.W.T. - UNITED WATCH TRADING
BE 0418.317.646
Antwerpen · Eq €3.15M
Of 2,016 companies in sector 47770 we hold annual accounts for 898. 309 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-12-1981
Fiscal year end31-12
Activities, NACEBEL
47770Retail sale of watches and jewellery
52484
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.