Financials
Financial year 2026
PINACO from Kortemark, company number BE0863728481, closed financial year 2026 with a result of € 51,767 after tax. For that financial year PINACO recorded a gross margin of € 177,167 and equity of € 1.9 million. Compared with financial year 2025, the result moved from € 137,981 to € 51,767. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 1.9 million
▲ 3% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,767
▼ 62% vs 2025
Profit after tax over the fiscal year.
€ 496,815
▲ 60% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 1.1 million.
Debts at end 2026
€ 932,422
▼ 12% vs 2025
€ 99,232 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 3,005
▼ 27% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 22,039
▲ 34% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 169,831 | € 124,031 | € 129,031 | € 177,167 | ▲ 37% |
| Profit after taxes | € 47,535 | € 73 | € 137,981 | € 51,767 | ▼ 62% |
| Equity | € 1,708,782 | € 1,708,855 | € 1,846,836 | € 1,898,603 | ▲ 3% |
| Total debts | € 1,437,005 | € 1,274,413 | € 1,170,688 | € 1,123,246 | ▼ 4% |
| Cash | € 277,635 | € 219,582 | € 310,222 | € 496,815 | ▲ 60% |
| Land & buildings | € 879,979 | € 779,422 | € 759,973 | € 730,246 | ▼ 4% |
| Retained profit | € 872,782 | € 872,855 | € 1,010,836 | € 1,062,603 | ▲ 5% |
| Bank debt | € 1,284,772 | € 1,158,885 | € 1,056,653 | € 932,422 | ▼ 12% |
| Balance sheet total | € 3,145,787 | € 2,983,268 | € 3,017,524 | € 3,021,849 |
Key figures of PINACO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to PINACO?
What happened at PINACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nancy Vancoppenolle stepped down as director. NBB
- Piet Vermeersch stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 51,767 (▼ 62% vs 2025). Source: NBB ↗
- Nancy Vancoppenolle became a director. NBB
- Piet Vermeersch became a director. NBB
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 47,535 profit in 2023 to € 51,767 profit in 2026.
Paid € 39,021 in corporate taxes since 2023.
Best year ever: 2025, with € 137,981 profit.
Management
Directors
According to the 2026 annual accounts
since 2022 · until 2028
Piet Vermeersch
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Pastoor D.Vanhautestraat 19
8610 Kortemark
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0863.728.481
- VAT number
- BE 0863.728.481
- Registered office
- Pastoor D.Vanhautestraat 19, 8610 Kortemark
- Names & denominations
- PINACO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 2004
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van terreinen