PINGUIN II
ActiveSummary
The computed 12-month bankruptcy probability of PINGUIN II is 1.8% (moderate). The 2024 annual accounts show equity of €212k and a net result of €1k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 18941 sector peers (fiscal year 2024). The company has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▼-20
Solvency46▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.15 in 2023; short-term debt: 18.9% and cash: 6.3% of total assets), and 79.1% 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 56
Relative position
BE, all sectors
reference
Sector 56
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 · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
on the day
2022
41 d early
2021
24 d early
2020
25 d early
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€212k▲ 0.5%
2023 · €211k
2018: €103k
2019: €149k
2020: €190k
2021: €167k
2022: €168k
2023: €211k
2018 → 2024
Total assets
€1.01M▲ 18.5%
2023 · €854k
2018: €161k
2019: €199k
2020: €225k
2021: €413k
2022: €369k
2023: €854k
2018 → 2024
Net result
€1k▼ 97.6%
2023 · €43k
2018: €3k
2019: €46k
2020: €41k
2021: €-23k
2022: €505
2023: €43k
2018 → 2024
Working capital
€-46k▲ 81.4%
2023 · €-247k
2018: €-21k
2019: €-1k
2020: €61k
2021: €-12k
2022: €-10k
2023: €-247k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€190k-€167k▼ 12.1%€168k▲ 0.3%€211k▲ 25.9%€212k▲ 0.5%
Operating result€57k-€-15k€8k€52k▲ 523%€25k▼ 51.6%
Net result€41k-€-23k€505€43k▲ 8,474%€1k▼ 97.6%
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 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.01M
Fixed assets
€867k ▲ 6.9%
Current assets
€145k ▲ 236%
Equity and liabilities €1.01M
Equity
€212k ▲ 0.5%
Debt
€800k ▲ 24.4%
Debt's share of the balance-sheet total rises from 75.3% to 79.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102k▲
2023 · €90k
Cash flow
€78k▼
2023 · €81k
Current ratio
0.76▲
2023 · 0.15
Quick ratio
0.74▲
2023 · 0.15
Debt to equity
3.78▲
2023 · 3.05
ROE
0.5%▼
2023 · 20.5%
ROA
0.1%▼
2023 · 5.1%
Interest coverage
4.29▼
2023 · 10.87
Debt ≤ 1 year
€191k▼
2023 · €290k
Debt > 1 year
€531k▲
2023 · €352k
Income taxes
€329▼
2023 · €348
Staff costs
€148k▲
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€854k€1.01M▲
Fixed assets21/28€811k€867k▲
Tangible fixed assets22/27€811k€867k▲
Land and buildings22€688k€727k▲
Plant, machinery and equipment23€84k€132k▲
Furniture and vehicles24-€8k
Assets under construction and advance payments27€39k-
Current assets29/58€43k€145k▲
Stocks and contracts in progress3€995€3k▲
Stocks30/36€995€3k▲
Amounts receivable within one year40/41€25k€77k▲
Trade receivables40€416€77k▲
Other amounts receivable41€24k€171▼
Cash at bank and in hand54/58€15k€63k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€854k€1.01M▲
Equity10/15€211k€212k▲
Contributions10/11€19k€19k=
Reserves13€192k€193k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€190k€191k▲
Amounts payable17/49€643k€800k▲
Amounts payable after more than one year17€352k€531k▲
Financial debts170/4€351k€530k▲
Other amounts payable178/9€865€865=
Amounts payable within one year42/48€290k€191k▼
Current portion of amounts payable after more than one year42€33k€33k▼
Trade debts44€241k€94k▼
Suppliers440/4€241k€94k▼
Taxes, remuneration and social security45€6k€23k▲
Taxes450/3€496€9k▲
Remuneration and social security454/9€6k€14k▲
Other amounts payable47/48€9k€41k▲
Accrued charges and deferred income492/3€2k€79k▲
Income statement
Code20232024
Remuneration, social security and pensions62€49k€148k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€77k▲
Other operating charges640/8€10k€12k▲
Gross operating margin9900€149k€262k▲
Operating profit (loss)9901€52k€25k▼
Financial income75/76B€0€9▲
Recurring financial income75€0€9▲
Financial charges65/66B€8k€24k▲
Recurring financial charges65€8k€24k▲
Profit (loss) for the period before taxes9903€44k€1k▼
Income taxes67/77€348€329▼
Profit (loss) for the period9904€43k€1k▼
Profit (loss) for the period to be appropriated9905€43k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€1k▼
Transfer to equity691/2€43k€1k▼
To other reserves6921€43k€1k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €211k ▲25.9%
2 profitable years in a row build equity to €211k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €505
Net result €505 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-23k ▼156%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.56
Current ratio from 0.96 to 3.56; short-term debt falls from €36k to €24k.
31-12
Financial
Equity above €150kEq €190k ▲27.4%
3 profitable years in a row build equity to €190k.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Highest result since 2018net €46k ▲1470%
Net result €46k, the highest in the series.
Show earlier events
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 3 establishment units since 1984
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.
Herentalsebaan 260-2682100 AntwerpenGround area
633 m²
Building footprint
531 m²
Volume, LiDAR
4,601 m³
3 parcels, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Herentalsebaan 264, 2100 Antwerpen
since 19842.025.112.154
pinguin
since 20182.275.687.603
Pinguin 2
since 20242.360.921.206
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050B0166/00L000 | Flanders | 281 m² | 1 · 254 m² | 12.4 m · 3 fl. |
| 11346B0494/00H005 | Flanders | 233 m² | 1 · 220 m² | 12.4 m · 2 fl. |
| 11346B0494/00X003 | Flanders | 118 m² | 1 · 56 m² | 9.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAntwerpen2.025.112.154
Wijnegem2.275.687.603
Dual-learning approval
2 live approvals · 4 endedKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Show 4 ended approvals
Keukenmedewerker (so)
Keukenmedewerker (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 6,556 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-1984
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.