Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PINE PROJECTS from Antwerpen, company number BE0752749197, closed financial year 2025 with a result of € -265,541 after tax. For that financial year PINE PROJECTS recorded a gross margin of € -255,920 and equity of € -186,058. Compared with financial year 2024, the result moved from € -273,586 to € -265,541. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 31, 2026.
€ -186,058
▼ € 265,541 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -265,541
▲ 3 % less loss than in 2024
Profit after tax over the fiscal year.
€ 258,607
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -256,058.
Debts at end 2025
€ 473,857
▼ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 273,541
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,610
▼ 9% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 268,108 | € 147,129 | € -229,765 | € -255,920 | ▼ € 26,154 |
| Profit after taxes | € 179,678 | € 91,773 | € -273,586 | € -265,541 | ▲ € 8,046 |
| Equity | € 261,296 | € 353,069 | € 79,483 | € -186,058 | ▼ € 265,541 |
| Total debts | € 635,359 | € 1,144,030 | € 1,217,424 | € 838,597 | ▼ 31% |
| Cash | € 147,763 | € 600,266 | € 910,390 | € 258,607 | ▼ 72% |
| Retained profit | € 191,296 | € 283,069 | € 9,483 | € -256,058 | ▼ € 265,541 |
| Bank debt | € 323,543 | € 639,200 | € 498,857 | € 473,857 | ▼ 5% |
| Balance sheet total | € 896,655 | € 1,497,099 | € 1,296,907 | € 652,539 | ▼ 50% |
Key figures of PINE PROJECTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PINE PROJECTS?
What happened at PINE PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pine Forest BV stepped down as director. NBB
- Mimafi NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 265,541. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Pine Forest BV became a director. NBB
- Mimafi NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 179,678 profit in 2022 to € 265,541 loss in 2025.
Paid € 90,485 in corporate taxes since 2022.
Best year ever: 2022, with € 179,678 profit.
Management
The stake of Pine comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PINE PROJECTSThe shares are held by Pine (100%).
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Managing director · represented by Jordi Busschop
Also active at: Buve Invest, FINNIER, BLACK PANTHER, Residentie Zurenborg, Pine, Zuidkwartier Construct, MECHELEN INVEST, Nielo
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leuvenstraat 3 box 22
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
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€ 400,894 gross margin · 2025
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+30 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0752.749.197
- VAT number
- BE 0752.749.197
- Registered office
- Leuvenstraat 3 bus 22, 2000 Antwerpen
- Names & denominations
- PINE PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 August 2020
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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