Pinehurst
0442.284.168 · rovalta.com · 21/09/2026
ACTIVE
Pinehurst
Financial year 2025 · closed on 30/11/2025
Net result
-166,7 k €
+22.7% YoY
Gross margin
-13,2 k €
+48.8% YoY
Equity
52,0 k €
+107.9% YoY
Overview
What does Pinehurst do?
Pinehurst is a Public limited company incorporated in 1990. Its main activity is: Activities of head offices; management consultancy activities. Its registered office is in Eeklo.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0442.284.168
Incorporation
09/10/1990
Legal form
Public limited company
Registered office
Tieltsesteenweg 22
9900 Eeklo · FlandreSee on map
9900 Eeklo · FlandreSee on map
Contributed capital
200 000,00 €
Latest accounts
30/11/2025
Activities (NACE)
Joint committees (1)
- 323
Contacts
3 public details availableLog in to view
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | -13,2 k € | +48.8% | -25,7 k € | -110% | 250,7 k € | +521% | -59,5 k € | -51.7% | -39,2 k € | -397% | 13,2 k € | -80.4% | 67,2 k € | +607% | 9,5 k € | -97.1% | 331,1 k € | +101% | 165,0 k € | -13.7% | 191,1 k € | +31.5% | 145,4 k € | -2.6% | 149,2 k € | +13.3% | 131,7 k € | +19.8% | 109,9 k € | -34.5% | 167,9 k € | +10.8% | 151,5 k € | +19.4% | 126,8 k € | +12.1% | 113,1 k € |
| EBITDA | -85,4 k € | +24.4% | -112,9 k € | -206% | 106,5 k € | +254% | -69,0 k € | +5.6% | -73,1 k € | -13416% | -541,1 € | -101% | 60,4 k € | +50.4% | 40,2 k € | -85.0% | 266,9 k € | +73.4% | 153,9 k € | -10.2% | 171,5 k € | +27.5% | 134,5 k € | +2.5% | 131,2 k € | +7.6% | 122,0 k € | +18.6% | 102,9 k € | -36.3% | 161,4 k € | +22.6% | 131,6 k € | +11.3% | 118,3 k € | +18.8% | 99,6 k € |
| Operating result | -162,4 k € | +24.2% | -214,3 k € | -4164% | 5,3 k € | +103% | -186,9 k € | +5.4% | -197,6 k € | -36.9% | -144,4 k € | -65.9% | -87,0 k € | +11.2% | -98,0 k € | -650% | -13,1 k € | -158% | 22,6 k € | +1134% | 1,8 k € | -91.4% | 21,2 k € | -50.6% | 43,0 k € | +24.4% | 34,6 k € | +114% | 16,1 k € | -81.0% | 84,9 k € | +84.1% | 46,1 k € | +13.7% | 40,6 k € | +2710% | 1,4 k € |
| Net result | -166,7 k € | +22.7% | -215,7 k € | -4309% | 5,1 k € | +103% | -188,2 k € | +4.9% | -198,0 k € | -34.9% | -146,8 k € | -65.3% | -88,8 k € | +16.5% | -106,3 k € | -160% | -40,9 k € | -1741% | -2,2 k € | +65.8% | -6,5 k € | -145% | 14,3 k € | -42.0% | 24,7 k € | +428% | 4,7 k € | +133% | -14,2 k € | -128% | 50,5 k € | +336% | 11,6 k € | -21.8% | 14,8 k € | +152% | -28,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 52,0 k € | +108% | -661,3 k € | -48.4% | -445,6 k € | +1.1% | -450,7 k € | -71.7% | -262,5 k € | -307% | -64,5 k € | -178% | 82,3 k € | +384% | -29,0 k € | -137% | 77,3 k € | -34.6% | 118,2 k € | -1.8% | 120,4 k € | -5.1% | 126,9 k € | -0.9% | 128,1 k € | +7.3% | 119,4 k € | +4.1% | 114,7 k € | -11.0% | 128,9 k € | +64.4% | 78,4 k € | +50.6% | 52,1 k € | +39.8% | 37,3 k € |
| Total assets | 1,2 M € | +155% | 477,2 k € | -49.5% | 944,3 k € | -6.9% | 1,0 M € | -9.7% | 1,1 M € | -5.3% | 1,2 M € | -10.6% | 1,3 M € | +10.1% | 1,2 M € | -9.3% | 1,3 M € | -8.1% | 1,4 M € | -3.8% | 1,5 M € | +26.1% | 1,2 M € | +17.4% | 1,0 M € | -10.6% | 1,1 M € | -5.6% | 1,2 M € | -1.7% | 1,2 M € | -2.5% | 1,3 M € | +0.1% | 1,3 M € | +4.1% | 1,2 M € |
| Cash | 2,9 k € | +49.5% | 2,0 k € | -99.5% | 379,5 k € | +1842% | 19,5 k € | – | 704,9 € | -95.6% | 16,2 k € | +450% | 2,9 k € | +50.2% | 2,0 k € | -86.8% | 14,8 k € | – | 8,9 k € | -21.8% | 11,4 k € | -79.6% | 55,8 k € | +35.7% | 41,1 k € | -3.7% | 42,7 k € | +106% | 20,8 k € | -7.6% | 22,5 k € | +27763% | 80,7 € | ||||
| Debts | 1,2 M € | +2.3% | 1,1 M € | -18.1% | 1,4 M € | -5.1% | 1,5 M € | +5.7% | 1,4 M € | +10.8% | 1,3 M € | +0.5% | 1,2 M € | +1.3% | 1,2 M € | +2.2% | 1,2 M € | -8.9% | 1,3 M € | -4.6% | 1,4 M € | +31.6% | 1,1 M € | +20.7% | 870,9 k € | -13.4% | 1,0 M € | -6.7% | 1,1 M € | +0.8% | 1,1 M € | -8.2% | 1,2 M € | -3.0% | 1,2 M € | +2.9% | 1,2 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 0,3 ETP | – | – | – | – | – | – | 0,1 ETP | -50.0% | 0,2 ETP | |||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/11/2025 · 2 active · 8 ended
Active mandates
Denis Merlevede
ActivePatrick Merlevede
ActiveEnded mandates
Patrick Merlevede
EndedEVELYN VAN MOSSEVELDE
EndedEVELYNN VAN MOSSEVELDE
EndedPATRICK MERLEVEDE
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
JOBEQ● Active | 0864.851.901 |
Klooster der Arme Claren Colettinen● Liquidation | 0407.615.873 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/12/2024 | 01/12/2023 | 01/12/2022 | 01/12/2021 | 01/12/2020 | 01/12/2019 |
| Closing of the financial year | 30/11/2025 | 30/11/2024 | 30/11/2023 | 30/11/2022 | 30/11/2021 | 30/11/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 30/06/2026 | 25/09/2025 | 21/03/2025 | 19/10/2023 | 03/06/2022 | 08/06/2021 |
| General meeting | 02/05/2026 | 02/05/2025 | 20/03/2025 | 05/10/2023 | 02/05/2022 | 03/05/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/11/2025 | 02/05/2026 | 30/06/2026 | Dutch | |
| Micro model | 30/11/2024 | 02/05/2025 | 25/09/2025 | Dutch | |
| Micro model | 30/11/2023 | 20/03/2025 | 21/03/2025 | Dutch | |
| Micro model | 30/11/2022 | 05/10/2023 | 19/10/2023 | Dutch | |
| Micro model | 30/11/2021 | 02/05/2022 | 03/06/2022 | Dutch | |
| Micro model | 30/11/2020 | 03/05/2021 | 08/06/2021 | Dutch | |
| Micro model | 30/11/2019 | 02/05/2020 | 08/06/2020 | Dutch | |
| Micro model | 30/11/2018 | 02/05/2019 | 04/06/2019 | Dutch | |
| Micro model | 30/11/2017 | 02/05/2018 | 22/05/2018 | Dutch | |
| Abridged model | 31/12/2015 | 18/08/2016 | 25/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 11/05/2015 | 20/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 12/05/2014 | 22/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 13/05/2013 | 29/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 14/05/2012 | 23/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 09/05/2011 | 26/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 10/05/2010 | 31/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 31/05/2009 | 31/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 31/05/2008 | 29/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 24/03/2007 | 27/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/11/2025 · 2 active · 8 ended
Active mandates
Denis Merlevede
ActivePatrick Merlevede
ActiveEnded mandates
Patrick Merlevede
EndedEVELYN VAN MOSSEVELDE
EndedEVELYNN VAN MOSSEVELDE
EndedPATRICK MERLEVEDE
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates01/09/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
- Other02/01/2017DOEL - ALGEMENE VERGADERING - BOEKJAAR
- Mandates17/11/2016ONTSLAGEN - BENOEMINGEN
- Registered office23/10/2006MAATSCHAPPELIJKE ZETEL
- Capital / shares14/02/2005KAPITAAL - AANDELEN
- Capital / shares03/08/2004KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-166,7 k €↑
- 2024Annual accounts 2024-215,7 k €↓
- 2023Annual accounts 20235,1 k €↑
- 2022Annual accounts 2022-188,2 k €↑
- 2021Annual accounts 2021-198,0 k €↓
- 2020Annual accounts 2020-146,8 k €↓
- 2019Annual accounts 2019-88,8 k €↑
- 2018Annual accounts 2018-106,3 k €↓
- 2017Annual accounts 2017-40,9 k €↓
- 2015Annual accounts 2015-2,2 k €↑
- 2014Annual accounts 2014-6,5 k €↓
- 2013Annual accounts 201314,3 k €↓
- 2012Annual accounts 201224,7 k €↑
- 2011Annual accounts 20114,7 k €↑
- 2010Annual accounts 2010-14,2 k €↓
- 2009Annual accounts 200950,5 k €↑
- 2008Annual accounts 200811,6 k €↓
- 2007Annual accounts 200714,8 k €↑
- 2006Annual accounts 2006-28,7 k €
- 09/10/1990IncorporationPublic limited company