ACTIVE

Pine

Financial year 2025 · closed on 31/12/2025
Net result
1,2 k €
-99.1% YoY
Gross margin
-495,2 €
-100.2% YoY
Equity
1,2 M €
+0.1% YoY

What does Pine do?

Pine is a Public limited company incorporated in 2019. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0727.730.424
Incorporation
04/06/2019
Legal form
Public limited company
Registered office
Leuvenstraat 3 box 22
2000 Antwerpen · FlandreSee on map
Contributed capital
300 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-495,2 €219,7 k €586,3 k €213,9 k €2,7 k €
EBITDA-1,6 k €218,1 k €584,8 k €210,6 k €-8,5 k €
Operating result-1,6 k €218,1 k €584,8 k €210,6 k €-8,5 k €
Net result1,2 k €135,9 k €374,3 k €131 k €-108 k €
Balance sheet
Equity1,2 M €1,2 M €1 M €642,5 k €511,5 k €
Total assets1,2 M €1,2 M €2,3 M €2,2 M €2,8 M €
Cash74,3 k €65,2 k €180,2 k €260,4 k €155,4 k €
Debts38,1 k €76,2 k €1,2 M €1,5 M €2,2 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

MIMAFI

Director · since 08 juillet 2019 · 0433.143.206

Represented by Jordi Busschop

Active
PINE FOREST

Director · since 08 juillet 2019 · 0697.586.980

Represented by Christof Savoye

Active

Ended mandates

MIMAFI

Director · since 08 juillet 2019 · 0433.143.206

Represented by Busschop JORDI

Ended
MIMAFI

Managing director · since 08 juillet 2019 · 0433.143.206

Represented by Jordi Busschop

Ended
PINE FOREST

Director · since 08 juillet 2019 · 0697.586.980

Represented by Christof SAVOYE

Ended
PINE FOREST

Managing director · since 08 juillet 2019 · 0697.586.980

Represented by Savoye Christof

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202104/06/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months19 months
Filing date13/04/202631/07/202518/06/202420/07/202325/07/202219/07/2021
General meeting30/03/202630/06/202528/05/202426/06/202327/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/03/202613/04/2026DutchPDF
Abridged model31/12/202430/06/202531/07/2025DutchPDF
Abridged model31/12/202328/05/202418/06/2024DutchPDF
Abridged model31/12/202226/06/202320/07/2023DutchPDF
Abridged model31/12/202127/06/202225/07/2022DutchPDF
Abridged model31/12/202028/06/202119/07/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

MIMAFI

Director · since 08 juillet 2019 · 0433.143.206

Represented by Jordi Busschop

Active
PINE FOREST

Director · since 08 juillet 2019 · 0697.586.980

Represented by Christof Savoye

Active

Ended mandates

MIMAFI

Director · since 08 juillet 2019 · 0433.143.206

Represented by Busschop JORDI

Ended
MIMAFI

Managing director · since 08 juillet 2019 · 0433.143.206

Represented by Jordi Busschop

Ended
PINE FOREST

Director · since 08 juillet 2019 · 0697.586.980

Represented by Christof SAVOYE

Ended
PINE FOREST

Managing director · since 08 juillet 2019 · 0697.586.980

Represented by Savoye Christof

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/10/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office23/06/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office11/12/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates16/03/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/06/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,2 k €
  2. 2024
    Annual accounts 2024135,9 k €
  3. 2023
    Annual accounts 2023374,3 k €
  4. 2022
    Annual accounts 2022131 k €
  5. 2021
    Annual accounts 2021-108 k €
  6. 04/06/2019
    IncorporationPublic limited company