ACTIVE

PINE PROJECTS

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Financial year 2025 · closed on 31/12/2025
Net result
-265,5 k €
+2.9% YoY
Gross margin
-255,9 k €
-11.4% YoY
Equity
-186,1 k €
-334.1% YoY

What does PINE PROJECTS do?

PINE PROJECTS is a Public limited company incorporated in 2020. Its main activity is: Development of building projects. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0752.749.197
Incorporation
19/08/2020
Legal form
Public limited company
Registered office
Leuvenstraat 3 box 22
2000 Antwerpen · FlandreSee on map
Contributed capital
70 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate
Signals
Good liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-255,9 k €-229,8 k €147,1 k €268,1 k €58,3 k €
EBITDA-259,3 k €-250,9 k €142,1 k €267,6 k €52,4 k €
Operating result-259,3 k €-250,9 k €142,1 k €267,6 k €50,8 k €
Net result-265,5 k €-273,6 k €91,8 k €179,7 k €11,6 k €
Balance sheet
Equity-186,1 k €79,5 k €353,1 k €261,3 k €81,6 k €
Total assets652,5 k €1,3 M €1,5 M €896,7 k €1,4 M €
Cash258,6 k €910,4 k €600,3 k €147,8 k €823,1 k €
Debts818,5 k €1,2 M €1,1 M €628,5 k €1,3 M €
Governance

Board of directors

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

Active mandates

MIMAFI

Managing director · since 19 août 2020 · until 31 décembre 2026 · 0433.143.206

Represented by Jordi Busschop

Active
PINE FOREST

Managing director · since 19 août 2020 · until 31 décembre 2026 · 0697.586.980

Represented by Christof Savoye

Active

Ended mandates

MIMAFI

Director · since 19 août 2020 · until 31 décembre 2026 · 0433.143.206

Represented by Jordi BUSSCHOP

Ended
PINE FOREST

Director · since 19 août 2020 · until 31 décembre 2026 · 0697.586.980

Represented by Christof SAVOYE

Ended
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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202219/08/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months17 months
Filing date31/03/202631/07/202506/06/202420/07/202325/07/2022
General meeting30/03/202630/06/202528/05/202426/06/202327/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/03/202631/03/2026DutchPDF
Abridged model31/12/202430/06/202531/07/2025DutchPDF
Abridged model31/12/202328/05/202406/06/2024DutchPDF
Abridged model31/12/202226/06/202320/07/2023DutchPDF
Abridged model31/12/202127/06/202225/07/2022DutchPDF
Estimate

Indicative valuation

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 · 2 ended

Active mandates

MIMAFI

Managing director · since 19 août 2020 · until 31 décembre 2026 · 0433.143.206

Represented by Jordi Busschop

Active
PINE FOREST

Managing director · since 19 août 2020 · until 31 décembre 2026 · 0697.586.980

Represented by Christof Savoye

Active

Ended mandates

MIMAFI

Director · since 19 août 2020 · until 31 décembre 2026 · 0433.143.206

Represented by Jordi BUSSCHOP

Ended
PINE FOREST

Director · since 19 août 2020 · until 31 décembre 2026 · 0697.586.980

Represented by Christof SAVOYE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office09/10/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office04/07/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office11/12/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other21/08/2020
    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 2025-265,5 k €↑
  2. 2024
    Annual accounts 2024-273,6 k €↓
  3. 2023
    Annual accounts 202391,8 k €↓
  4. 2022
    Annual accounts 2022179,7 k €↑
  5. 2021
    Annual accounts 202111,6 k €
  6. 19/08/2020
    IncorporationPublic limited company