Checked.be
Active
BE 0671.839.717Private limited company (pre-2019)
Pennalux
Zilvervosstraat 17 ·2610 Antwerpen, Belgium· 9 yrs active
Sector: Computer programming
(62100)
Conclusion
Pennalux has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130k and a net result of €17k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 20795 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €130k |
| Net result | €17k |
| Staff (FTE) | 3 |
| Better than sector | 27% |
Financial profile
74
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
64
Solvency
68
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€11k
estimate, not credit advice
Score history
86
2021
86
2022
86
2023
86
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.51 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.51 (≥ 1.0)
+5
Leverage
Debt/equity 1.76 (< 2.0)
+3
Profitability
ROE 13% (≥ 10%)
+10
Interest coverage
Interest coverage 7.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~16.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 36.2% | 62.9% | |
| Net result | €17k | €27k | |
| Equity | €130k | €74k | |
| Gross operating margin | €269k | €53k | |
| Staff costs | €226k | €25k |
€42k
+4.6%
21-24
€17k
-8.7%
21-24
€26k
-8.5%
21-24
€360k
+41.8%
21-24
€130k
+14.6%
21-24
€116k
+0.4%
21-24
3
+76.5%
21-24
€226k
+20.0%
21-24
€10k
+20.1%
21-24
€0
-100.0%
21-24
€230k
+63.9%
21-24
€228k
+100.0%
21-24
1.51
-25.1%
21-24
1.51
-25.1%
21-24
36.2%
-19.2%
21-24
1.76
+43.0%
21-24
12.8%
-20.4%
21-24
4.6%
-35.7%
21-24
7.77
-46.3%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €42k | €40k | €53k | €57k |
| Net profit | €17k | €18k | €32k | €40k |
| Cash flow | €26k | €29k | €40k | €45k |
| Staff costs | €226k | €189k | €138k | €81k |
| Income taxes | €10k | €8k | €11k | €12k |
| Dividends | - | - | €0 | €48k |
| Total assets | €360k | €254k | €237k | €185k |
| Equity | €130k | €114k | €104k | €72k |
| Debt | €230k | €140k | €133k | €113k |
| of which ≤ 1y | €228k | €114k | €114k | €89k |
| of which > 1y | - | - | - | - |
| Working capital | €116k | €115k | €92k | €66k |
| Employees (FTE) | 3.0 | - | 1.7 | 1.0 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.51 | 2.01 | 1.81 | 1.74 |
| Quick ratio | 1.51 | 2.01 | 1.81 | 1.74 |
| Working capital ratio | 32.1% | 45.4% | 38.8% | 35.4% |
| Solvency | 36.2% | 44.8% | 43.9% | 39.0% |
| Debt / equity | 1.76 | 1.23 | 1.28 | 1.57 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 7.77 | 14.46 | 31.58 | 90.81 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 4.6% | 7.2% | 13.4% | 21.8% |
| ROE | 12.8% | 16.0% | 30.5% | 56.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €360k | €254k | €237k | €185k |
| Fixed assets | 21/28 | €16k | €25k | €31k | €31k |
| Tangible fixed assets | 22/27 | €16k | €24k | €31k | €31k |
| Financial fixed assets | 28 | €130 | €130 | €130 | €130 |
| Current assets | 29/58 | €344k | €230k | €206k | €155k |
| Amounts receivable within one year | 40/41 | €322k | €49k | €86k | €71k |
| Cash & bank | 54/58 | €22k | €146k | €78k | €59k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €360k | €254k | €237k | €185k |
| Equity | 10/15 | €130k | €114k | €104k | €72k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €28k | €12k | €2k | €2k |
| Accumulated profits (losses) | 14 | €83k | €83k | €83k | €52k |
| Amounts payable | 17/49 | €230k | €140k | €133k | €113k |
| Amounts payable within one year | 42/48 | €228k | €114k | €114k | €89k |
| Trade debts payable within one year | 44 | €21k | €10k | €9k | €12k |
| Income statement | |||||
| Gross operating margin | 9900 | €269k | €230k | €191k | €140k |
| Operating result | 9901 | €32k | €29k | €44k | €53k |
| Financial income | 75 | €6 | €3 | €331 | €472 |
| Financial charges | 65 | €5k | €3k | €2k | €632 |
| Result before taxes | 9903 | €27k | €26k | €43k | €53k |
| Income taxes | 67/77 | €10k | €8k | €11k | €12k |
| Net result for the period | 9904 | €17k | €18k | €32k | €40k |
| Result to be appropriated | 9905 | €17k | €18k | €32k | €40k |
Legal Structure
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 24-02-2017 |
| Status | Active |
| Postal code | 2610 |
Establishment units
Pennalux
since 20172.262.053.262
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0382/00P000 | Flanders | 163 m² | 1 · 70 m² | 9.4 m · 3 fl. |
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.
Updates
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €17k ▼8.7%
Net result drops to €17k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €104k ▲43.9%
2 profitable years in a row build equity to €104k.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Computer programming, consultancy and related activities62010IT consultancy62020Computer programming62100Computer consultancy and computer facilities management62200Other non-specialised retail sale47120Retail trade47910Activities of head offices; management consultancy activities70210Public relations and communication consultancy73300
Names & trade names
| Legal nameNL | Pennalux |
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