PUGNUM
ActiveSummary
PUGNUM has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €872,411 and a net result of €7,323. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 57% of 5,786 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €872,411
- Profit
- €7,323
- Parent
- VIRIX · 99.99%
- Board
- 4 members
- Vic HaenenManaging director
Why 92raises riskLiquidity: current ratio 0.03, cash €1,855, halvedlowers riskFounded in 1989Size: total assets €1.9mFigures for financial year 2025 (filed 16-06-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 62% on solvency, 19% on liquidity, 28% on profitability and 48% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 64 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Resignations: Ingrid Haenen (director) and Dimitri…Appointments: HNND BV (director) and…
- Reappointments: Vic Haenen, Ingrid Haenen and…Appointments: Vic Haenen (managing director)…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,415 | €12,415 | €12,415 | €12,415 | €12,415 | €12,415 | €12,415 | €12,415 | = |
| Other operating charges640/8 | - | - | - | €18,535 | €14,246 | €15,612 | €16,215 | €16,720 | ▲ 3.1% |
| Gross operating margin9900 | €95,333 | €97,227 | €101,509 | €63,291 | €62,773 | €68,162 | €71,390 | €73,882 | ▲ 3.5% |
| Operating profit (loss)9901 | €73,744 | €75,317 | €72,763 | €32,341 | €36,112 | €40,136 | €42,761 | €44,747 | ▲ 4.6% |
| Financial income75/76B | - | - | - | €62 | - | - | - | - | - |
| Recurring financial income75 | - | - | - | €62 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €12,831 | €12,814 | €44,255 | €46,137 | €34,924 | ▼ 24.3% |
| Recurring financial charges65 | €14,021 | €16,663 | €15,281 | €12,831 | €12,814 | €44,255 | €46,137 | €34,924 | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €59,723 | €58,653 | €57,482 | €19,572 | €23,298 | -€4,119 | -€3,376 | €9,823 | - |
| Income taxes67/77 | €14,191 | €17,144 | €13,000 | €6,263 | €5,825 | €10,000 | -€10,000 | €2,500 | - |
| Profit (loss) for the period9904 | €45,533 | €41,510 | €44,482 | €13,309 | €17,474 | -€14,119 | €6,624 | €7,323 | ▲ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €45,533 | €41,510 | €44,482 | €13,309 | €17,474 | -€14,119 | €6,624 | €7,323 | ▲ 10.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.2m | €2.0m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 1.5% |
| Fixed assets21/28 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.8m | €1.8m | ▼ 0.7% |
| Tangible fixed assets22/27 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.8m | €1.8m | ▼ 0.7% |
| Land and buildings22 | - | - | - | €1.9m | €1.9m | €1.9m | €1.8m | €1.8m | ▼ 0.7% |
| Current assets29/58 | €0.2m | €0.3m | €0.1m | €0.04m | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 36.0% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.1m | €0.03m | €0.02m | €0.03m | €0.03m | €0.03m | ▼ 27.4% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 2.3% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.004m | €0.004m | €0.01m | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.01m | €0.02m | €0.009m | €0.01m | €0.002m | €0.008m | €0.002m | ▼ 75.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.2m | €2.0m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 1.5% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 0.8% |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Capital10 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Issued capital100 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.04m | €0.04m | €0.05m | €0.05m | ▲ 0.8% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 1.1% |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 1.1% |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 2.7% |
| Amounts payable17/49 | €1.4m | €1.4m | €1.2m | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 3.4% |
| Amounts payable after more than one year17 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Other amounts payable178/9 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Amounts payable within one year42/48 | €1.4m | €1.4m | €1.2m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 3.6% |
| Financial debts43 | - | - | - | €1.0m | - | - | - | - | - |
| Other loans439 | - | - | - | €1.0m | - | - | - | - | - |
| Trade debts44 | €0.08m | €0.06m | €0.06m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 0.3% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 0.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.004m | €0.004m | €0.004m | €0.004m | ▼ 2.0% |
| Taxes450/3 | - | - | - | €0.002m | €0.004m | €0.004m | €0.004m | €0.004m | ▼ 2.0% |
| Other amounts payable47/48 | - | - | - | - | €1.0m | €1.0m | €1.0m | €0.9m | ▼ 3.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 2.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,533 | €41,510 | €44,482 | €13,309 | €17,474 | -€14,119 | €6,624 | €7,323 | ▲ 10.6% |
| + Depreciation and write-downs630 | €12,415 | €12,415 | €12,415 | €12,415 | €12,415 | €12,415 | €12,415 | €12,415 | = |
| Operating cash flow (approximation) | €57,947 | €53,924 | €56,896 | €25,723 | €29,888 | -€1,705 | €19,038 | €19,737 | ▲ 3.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€21,270 | €7,226 | -€8,934 | €779 | -€7,743 | €5,439 | -€5,698 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 16-06-2026 | 2026-00169179 |
| 31-12-2024 | abbreviated format | 24-06-2025 | 2025-00183965 |
| 31-12-2023 | abbreviated format | 26-04-2024 | 2024-00070812 |
| 31-12-2022 | abbreviated format | 26-05-2023 | 2023-00095755 |
| 31-12-2021 | abbreviated format | 13-06-2022 | 2022-20059107 |
| 31-12-2020 | abbreviated format | 20-05-2021 | 2021-15000049 |
| 31-12-2019 | abbreviated format | 08-05-2020 | 2020-11700193 |
| 31-12-2018 | abbreviated format | 24-05-2019 | 2019-14300545 |
| 31-12-2017 | abbreviated format | 07-06-2018 | 2018-16700270 |
| 31-12-2016 | abbreviated format | 12-06-2017 | 2017-16600142 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Day-to-day management 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Vic Haenen |
|
| Dimitri Haenen NV |
|
| HIJane |
|
| HNND |
|
| Dimitri Haenen |
|
| HAENEN Ingrid |
|
Owners and capital
Owners
1 ownerChain of control
Highest known parent: ROZENVELD. The sources do not say who stands above it.
Owners 1
- VIRIXparentSourceaccounts VIRIX 202599.99%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 07-12-2023 Capital stated in the deed · €561,500 · 9,130 shares
Group and network
Connections & network
16 connected companiesShow 12 more companies with a shared director
History
Acts, filings and financial milestones
05-05
Gazette deed
Resignations: Ingrid Haenen (director) and Dimitri Haenen (director)Appointments: HNND BV (director) and HIJane BV (director) · Permanent representatives: Dimitri Haenen and Ingrid Haenen9 facts ▸
- General meeting, 01-04-2026
- Director resignation, Ingrid Haenen (director)
- Director resignation, Dimitri Haenen (director)
- Director appointment, HNND BV (director)
- Director appointment, HIJane BV (director)
- Permanent representative, Dimitri Haenen
- Permanent representative, Ingrid Haenen
- Board meeting, 01-04-2026
- Director appointment, HNND BV (managing director)
30-10
Gazette deed
Reappointments: Vic Haenen, Ingrid Haenen and Dimitri Haenen NVAppointments: Vic Haenen (managing director) and Dimitri Haenen (managing director) · Resignation: Vic Haenen (director)8 facts ▸
- General meeting, 09-06-2025
- Director reappointment, Vic Haenen (director)
- Director reappointment, Ingrid Haenen (director)
- Director reappointment, Dimitri Haenen NV (director)
- Board meeting, 20-05-2025
- Director appointment, Vic Haenen (managing director)
- Director appointment, Dimitri Haenen (managing director)
- Director resignation, Vic Haenen
07-12
Gazette deed
Purpose · Amendment of the articles · Resignations & appointments · MiscellaneousPurpose change · Board rule · Capital9 facts ▸
- General meeting, 04-12-2023
- Other provision, “verslag bestuursorgaan, artikel 7:154 van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Purpose change
- Other provision, “onderwerping aan bepalingen van het nieuwe Wetboek, statuten aanpassen aan de bepalingen van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Board rule, “enige bestuurder, aannemen van een enige bestuurder” (deed in Dutch)
- Amendment of the articles
- Capital, €561,500
- Registered office clause, “Keizershoek 350A,2550 Kontich” (deed in Dutch)
- Power of attorney
Show earlier events
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0440.015.754
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11024G0279/00H000 | Flanders | 931 m² | 1 · 230 m² | 11.4 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het doel van de vennootschap is maatschappelijk verantwoord te ondernemen, haar vermogen in stand te houden en aan haar aandeelhouders een…” (deed in Dutch)
Text of the purpose (deed in Dutch)
“Het doel van de vennootschap is maatschappelijk verantwoord te ondernemen, haar vermogen in stand te houden en aan haar aandeelhouders een rechtstreeks of onrechtstreeks vermogensvoordeel uit te keren of te bezorgen.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PUGNUM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- A managing director alonedeed of 30-10-2025
- Board ruleHow the board is made up, meets and takes decisions.
- “Na de algemene vergadering van aandeelhouders van 2032, onbezoldigd” (deed in Dutch)deed of 05-05-2026
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of April at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, wettelijke en statutaire regels plus hierna vermelde regels tenzij voorwaarden ontbinding vereffening en…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Wettelijk voorziene machten tenzij algemene vergadering anders beslist met gewone meerderheid, algemene vergadering” (deed in Dutch)