Pinaxis
Pinaxis has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €56k. Equity is shrinking by ~25% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 17% of 16691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €7k |
| Net result | €56k |
| Better than sector | 17% |
| Active | 9 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 13.3% | 60.0% | |
| Net result | €56k | €29k | |
| Equity | €7k | €72k | |
| Gross operating margin | €75k | €55k | |
| Total assets | €49k | €141k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €74k | €78k | €48k | €68k | €70k |
| Net profit | €56k | €58k | €36k | €52k | €55k |
| Cash flow | €59k | €61k | €38k | €53k | €57k |
| Staff costs | - | - | - | - | - |
| Income taxes | €15k | €16k | €10k | €14k | €14k |
| Dividends | €56k | €74k | €20k | €52k | €159k |
| Total assets | €49k | €81k | €65k | €82k | €50k |
| Equity | €7k | €7k | €22k | €15k | €19k |
| Debt | €42k | €74k | €43k | €67k | €31k |
| of which ≤ 1y | €42k | €74k | €43k | €67k | €31k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-3k | €-5k | €7k | €14k | €16k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.92 | 0.93 | 1.17 | 1.20 | 1.52 |
| Quick ratio | 0.92 | 0.93 | 1.17 | 1.20 | 1.52 |
| Working capital ratio | -6.8% | -6.4% | 11.3% | 16.5% | 32.6% |
| Solvency | 13.3% | 8.0% | 34.0% | 18.2% | 37.7% |
| Debt / equity | 6.50 | 11.46 | 1.94 | 4.49 | 1.65 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 204.67 | 180.60 | 71.09 | 102.53 | 328.18 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 114.0% | 71.9% | 55.4% | 63.2% | 109.9% |
| ROE | 855.1% | 895.1% | 162.8% | 346.7% | 291.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (21 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €49k | €81k | €65k | €82k | €50k |
| Fixed assets | 21/28 | €10k | €12k | €15k | €1k | €3k |
| Tangible fixed assets | 22/27 | €10k | €12k | €15k | €1k | €3k |
| Current assets | 29/58 | €39k | €69k | €50k | €81k | €48k |
| Amounts receivable within one year | 40/41 | €23k | €18k | €24k | €18k | €18k |
| Cash & bank | 54/58 | €12k | €48k | €23k | €59k | €29k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €49k | €81k | €65k | €82k | €50k |
| Equity | 10/15 | €7k | €7k | €22k | €15k | €19k |
| Contributions / capital | 10/11 | €7k | €7k | €7k | €15k | €19k |
| Reserves | 13 | - | - | €16k | - | €465 |
| Amounts payable | 17/49 | €42k | €74k | €43k | €67k | €31k |
| Amounts payable within one year | 42/48 | €42k | €74k | €43k | €67k | €31k |
| Trade debts payable within one year | 44 | €5k | €2k | €3k | €3k | €945 |
| Income statement | ||||||
| Gross operating margin | 9900 | €75k | €79k | €49k | €69k | €71k |
| Operating result | 9901 | €71k | €75k | €46k | €67k | €69k |
| Financial income | 75 | €58 | €31 | €0 | €72 | €147 |
| Financial charges | 65 | €362 | €431 | €676 | €660 | €214 |
| Result before taxes | 9903 | €71k | €74k | €46k | €66k | €69k |
| Income taxes | 67/77 | €15k | €16k | €10k | €14k | €14k |
| Net result for the period | 9904 | €56k | €58k | €36k | €52k | €55k |
| Result to be appropriated | 9905 | €56k | €58k | €36k | €52k | €55k |
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 03-01-2017 |
| Status | Active |
| Postal code | 2650 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0239/00P002 | Flanders | 312 m² | 1 · 91 m² | 11.5 m · 3 fl. |
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.
15-05-2023 Registered office moved from Kontich to Edegem
- 2550 Kontich, Edegemsesteenweg 50 → Jan de Bodtlaan 17, 2650 Edegem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "combined",
"new_address": {
"raw": "Jan de Bodtlaan 17, 2650 Edegem",
"city": "Edegem",
"region": "vlaams_gewest",
"street": "Jan de Bodtlaan",
"country": "BE",
"postcode": "2650",
"box_number": null,
"street_number": "17",
"locality_suffix": null
},
"old_address": {
"raw": "2550 Kontich, Edegemsesteenweg 50",
"city": "Kontich",
"region": "vlaams_gewest",
"street": "Edegemsesteenweg",
"country": "BE",
"postcode": "2550",
"box_number": null,
"street_number": "50",
"locality_suffix": null
},
"effective_date": "2023-03-31",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-05-15",
"filing_date": "2023-05-03",
"act_kind_objet": "Zetelverplaatsing"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2023-03-31",
"unanimous": true
},
"subject_company": {
"kbo": "0668.695.135",
"name_full": "Pinaxis",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0404.876.020",
"org_name": "KONSILANTO",
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": []
}| Legal nameNL | Pinaxis |