SAM PYNAERT
ActiveSAM PYNAERT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €171k and a net result of €43k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-2
Solvency63▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.95 against 1.07 in 2023; short-term debt: 24.6% and cash: 5% of total assets), and 62% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
30 d late
2022
31 d late
2021
79 d late
2020
90 d late
2019
117 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€171k▲ 33.2%
2023 · €128k
2018: €79k
2019: €72k
2020: €59k
2021: €83k
2022: €86k
2023: €128k
2018 → 2024
Total assets
€450k▲ 21.6%
2023 · €370k
2018: €482k
2019: €458k
2020: €399k
2021: €400k
2022: €393k
2023: €370k
2018 → 2024
Net result
€43k▲ 1.2%
2023 · €42k
2018: €31k
2019: €-7k
2020: €-14k
2021: €25k
2022: €3k
2023: €42k
2018 → 2024
Working capital
€-5k
2023 · €8k
2018: €-25k
2019: €-20k
2020: €-53k
2021: €-38k
2022: €-29k
2023: €8k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€59k-€83k▲ 42.6%€86k▲ 3.4%€128k▲ 48.7%€171k▲ 33.2%
Operating result€-6k-€39k€14k▼ 64.0%€59k▲ 315%€58k▼ 0.2%
Net result€-14k-€25k€3k▼ 88.6%€42k▲ 1,377%€43k▲ 1.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 0% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €450k
Fixed assets
€344k▲ 38.6%
Current assets
€106k▼ 13.1%
Equity and liabilities €450k
Equity
€171k▲ 33.2%
Debt
€279k▲ 15.5%
The debt ratio falls from 65.3% to 62.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89k▲
2023 · €77k
Cash flow
€73k▲
2023 · €61k
Solvency
38.0%▲
2023 · 34.7%
Current ratio
0.95▼
2023 · 1.07
Quick ratio
0.74▲
2023 · 0.60
Debt / equity
1.63▼
2023 · 1.88
ROE
24.9%▼
2023 · 32.8%
ROA
9.5%▼
2023 · 11.4%
Interest coverage
11.98▼
2023 · 14.68
Debt
€279k▲
2023 · €242k
Debt ≤ 1 year
€111k▼
2023 · €114k
Debt > 1 year
€168k▲
2023 · €128k
Income taxes
€9k▼
2023 · €12k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€370k€450k▲
Fixed assets21/28€249k€344k▲
Tangible fixed assets22/27€249k€344k▲
Land and buildings22€229k€233k▲
Plant, machinery and equipment23€9k€9k▼
Furniture and vehicles24€6k€99k▲
Other tangible fixed assets26€4k€4k▼
Current assets29/58€122k€106k▼
Stocks and contracts in progress3€53k€24k▼
Stocks30/36€20k€16k▼
Contracts in progress37€34k€8k▼
Amounts receivable within one year40/41€53k€57k▲
Trade receivables40€8k€26k▲
Other amounts receivable41€45k€32k▼
Cash at bank and in hand54/58€15k€23k▲
Deferred charges and accrued income490/1€855€2k▲
Equity and liabilities
Total equity and liabilities10/49€370k€450k▲
Equity10/15€128k€171k▲
Contributions10/11€12k€12k=
Reserves13€27k€27k=
Distributable reserves133€27k€27k=
Profit (loss) carried forward14€89k€132k▲
Amounts payable17/49€242k€279k▲
Amounts payable after more than one year17€128k€168k▲
Financial debts170/4€128k€168k▲
Amounts payable within one year42/48€114k€111k▼
Current portion of amounts payable after more than one year42€15k€31k▲
Financial debts43€18k€14k▼
Credit institutions430/8€18k€14k▼
Trade debts44€76k€58k▼
Suppliers440/4€76k€58k▼
Taxes, remuneration and social security45€5k€5k=
Taxes450/3€5k€5k=
Other amounts payable47/48-€3k
Income statement
Code20232024
Non-recurring operating income76A-€18k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€31k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€80k€91k▲
Operating profit (loss)9901€59k€58k▼
Financial income75/76B€261€211▼
Recurring financial income75€261€211▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€54k€51k▼
Income taxes67/77€12k€9k▼
Profit (loss) for the period9904€42k€43k▲
Profit (loss) for the period to be appropriated9905€42k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€89k€132k▲
Profit (loss) brought forward from the previous period14P€47k€89k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €43k ▲1.2%
Net result €43k, the highest in the series.
31-12
Financial
Equity above €150kEq €171k ▲33.2%
4 profitable years in a row build equity to €171k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €128k ▲48.7%
3 profitable years in a row build equity to €128k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lievegem · 1 establishment unit since 2013
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.
Oostmoer 999950 LievegemGround area
983 m²
Building footprint
181 m²
Volume, LiDAR
793 m³
Parcel 44072B0495/00F000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Sam Pynaert
since 20132.226.219.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44072B0495/00F000 | Flanders | 983 m² | 1 · 181 m² | 6.4 m · 1 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
BvB Green Solutions
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R-CO CONFORT
BE 0750.573.033
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NOEL M ET FILS
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HOOGEWYS VERWARMING & SANITAIR
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,882 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-2013
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.