Checked.be
Active
BE 0769.302.347Private limited company
PIMK
Chaussée de Tournai(R-C) 52 ·7520 Tournai, Belgium· 5 yrs active
Sector: Retail sale of clothing and accessories for women, men, children and babies (general range)
(47716)
Conclusion
The computed 12-month bankruptcy probability of PIMK is 3.7% (moderate). The 2024 annual accounts show negative equity (€-11k) and a net result of €-16k. Equity is shrinking by ~64.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 26065 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €-11k |
| Net result | €-16k |
| Staff (FTE) | 2.8 |
| Better than sector | 17% |
Financial profile
56
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
12
Profitability
100
Solvency
40
Growth
32
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2021, 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
12
/ 100
Critical
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
No credit
negative equity or figures too weak
Score history
61
2022
81
2023
12
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.78 (< 1.0)
-10
Equity
Negative equity
-25
Profitability
ROE 145% (≥ 10%)
+10
Interest coverage
Interest coverage -1.0× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-03-2025 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.
declining
Equity: declining trend of ~64.5%/year over 3 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 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -19.2% | 32.3% | |
| Net result | €-16k | €4k | |
| Equity | €-11k | €39k | |
| Gross operating margin | €122k | €31k | |
| Staff costs | €114k | €38k |
€-2k
-
22-24
€-16k
-
22-24
€-5k
-
22-24
€58k
-47.9%
22-24
€-11k
-
22-24
€-13k
-
22-24
3
0.0%
22-24
€114k
+6.7%
22-24
€0
-100.0%
22-24
€46k
-
22-24
€69k
+14.7%
22-24
€57k
-4.5%
22-24
0.78
-41.9%
22-24
0.78
-41.9%
22-24
-19.2%
-
22-24
-6.20
-
22-24
145.0%
+483.2%
22-24
-27.9%
-
22-24
-0.97
-
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | full schema |
| Revenue | - | - | - |
| EBITDA | €-2k | €31k | €61k |
| Net profit | €-16k | €13k | €33k |
| Cash flow | €-5k | €24k | €50k |
| Staff costs | €114k | €107k | €157k |
| Income taxes | €0 | €4k | €6k |
| Dividends | €46k | - | - |
| Total assets | €58k | €111k | €83k |
| Equity | €-11k | €51k | €38k |
| Debt | €69k | €60k | €45k |
| of which ≤ 1y | €57k | €60k | €45k |
| of which > 1y | - | - | - |
| Working capital | €-13k | €20k | €-4k |
| Employees (FTE) | 2.8 | 2.8 | 2.6 |
Note: these years are not on the same basis. The filed schemas differ (micro schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 0.78 | 1.34 | 0.92 |
| Quick ratio | 0.78 | 1.34 | 0.92 |
| Working capital ratio | -21.9% | 18.5% | -4.5% |
| Solvency | -19.2% | 45.9% | 45.9% |
| Debt / equity | -6.20 | 1.18 | 1.18 |
| Long-term debt ratio | - | - | - |
| Interest coverage | -0.97 | 11.78 | 14.06 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -27.9% | 11.4% | 39.9% |
| ROE | 145.0% | 24.9% | 86.9% |
| 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 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €58k | €111k | €83k |
| Fixed assets | 21/28 | €13k | €30k | €42k |
| Tangible fixed assets | 22/27 | €12k | €29k | €41k |
| Financial fixed assets | 28 | €1k | €1k | €1k |
| Current assets | 29/58 | €45k | €80k | €41k |
| Amounts receivable within one year | 40/41 | €8k | €12k | €7k |
| Cash & bank | 54/58 | €36k | €69k | €35k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €58k | €111k | €83k |
| Equity | 10/15 | €-11k | €51k | €38k |
| Contributions / capital | 10/11 | €5k | €5k | €5k |
| Reserves | 13 | €0 | €46k | €33k |
| Accumulated profits (losses) | 14 | €-16k | - | - |
| Amounts payable | 17/49 | €69k | €60k | €45k |
| Amounts payable within one year | 42/48 | €57k | €60k | €45k |
| Trade debts payable within one year | 44 | €28k | €23k | €13k |
| Income statement | ||||
| Gross operating margin | 9900 | €122k | €143k | €224k |
| Operating result | 9901 | €-14k | €19k | €44k |
| Financial income | 75 | €109 | €103 | €49 |
| Financial charges | 65 | €2k | €3k | €4k |
| Result before taxes | 9903 | €-16k | €17k | €39k |
| Income taxes | 67/77 | €0 | €4k | €6k |
| Net result for the period | 9904 | €-16k | €13k | €33k |
| Result to be appropriated | 9905 | €-16k | €13k | €33k |
Legal Structure
| NACE primary | Retail sale of clothing and accessories for women, men, children and babies (general range)(47716) |
| Legal form | Private limited company(610) |
| Incorporation | 03-06-2021 |
| Status | Active |
| Postal code | 7520 |
Establishment units
PIMK
since 20212.319.200.813
Real-estate footprint
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57069C0256/00F000 | Wallonia | 934 m² | 1 · 352 m² | 7.9 m · 2 fl. |
| 38352E0550/00_000 | Flanders | 186 m² | 1 · 186 m² | 27.1 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k ▼227%
Net result drops to €-16k, the lowest in the series.
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail sale of clothing and accessories for women, men, children and babies (general range)47716
Names & trade names
| Legal nameFR | PIMK |
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