PINACO
0863.728.481 · rovalta.com · 22/09/2026
ACTIVE
PINACO
Financial year 2026 · closed on 31/01/2026
Net result
51,8 k €
-62.5% YoY
Gross margin
177,2 k €
+37.3% YoY
Equity
1,9 M €
+2.8% YoY
Overview
What does PINACO do?
PINACO is a Public limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Kortemark.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0863.728.481
Incorporation
01/03/2004
Legal form
Public limited company
Registered office
Pastoor D.Vanhautestraat 19
8610 Kortemark · FlandreSee on map
8610 Kortemark · FlandreSee on map
Contributed capital
836 000,00 €
Latest accounts
31/01/2026
Activities (NACE)
Joint committees (1)
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 177,2 k € | +37.3% | 129 k € | +4.0% | 124 k € | -27.0% | 169,8 k € | +13.8% | 149,2 k € | -29.0% | 210,1 k € | +23.3% | 170,4 k € | -4.3% | 178 k € | -16.0% | 211,9 k € | -7.5% | 229,1 k € | +67.3% | 136,9 k € | -36.2% | 214,7 k € | +0.7% | 213,2 k € | -23.8% | 280 k € | +3.7% | 270 k € | +3.3% | 261,5 k € | +5.7% | 247,4 k € | +4.3% | 237,3 k € | +47.8% | 160,6 k € | +12.8% | 142,4 k € |
| EBITDA | 169,4 k € | +42.2% | 119,1 k € | +6.5% | 111,9 k € | -31.8% | 164,2 k € | +14.2% | 143,8 k € | -29.6% | 204,2 k € | +25.3% | 163 k € | -5.6% | 172,6 k € | -12.6% | 197,5 k € | -11.7% | 223,5 k € | +77.8% | 125,7 k € | -31.3% | 182,9 k € | -2.8% | 188,3 k € | -29.6% | 267,5 k € | +4.3% | 256,4 k € | +11.0% | 231,1 k € | +2.3% | 225,9 k € | -1.2% | 228,6 k € | +45.7% | 156,9 k € | +12.0% | 140,1 k € |
| Operating result | 123 k € | +72.1% | 71,5 k € | +848% | 7,5 k € | -86.4% | 55,2 k € | +86.5% | 29,6 k € | -29.3% | 41,9 k € | -23.4% | 54,7 k € | -5.7% | 58 k € | -20.8% | 73,2 k € | -30.0% | 104,5 k € | +5617% | 1,8 k € | -96.2% | 47,8 k € | +4.9% | 45,5 k € | -70.5% | 154,5 k € | -0.3% | 154,9 k € | +12.2% | 138 k € | -6.8% | 148,1 k € | -11.4% | 167,2 k € | +152% | 66,3 k € | -13.0% | 76,2 k € |
| Net result | 51,8 k € | -62.5% | 138 k € | +188269% | 73,3 € | -99.8% | 47,5 k € | +310% | -22,6 k € | -516% | -3,7 k € | -139% | 9,4 k € | +3.6% | 9,1 k € | -60.3% | 23 k € | -68.2% | 72,1 k € | +210% | -65,7 k € | -183% | -23,2 k € | -138% | 61,6 k € | -55.5% | 138,5 k € | +12.2% | 123,5 k € | +2.9% | 120 k € | -5.4% | 126,8 k € | -6.7% | 135,9 k € | +14.0% | 119,2 k € | +20559% | 577 € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 1,9 M € | +2.8% | 1,8 M € | +8.1% | 1,7 M € | +0.0% | 1,7 M € | +2.9% | 1,7 M € | -1.3% | 1,7 M € | -0.2% | 1,7 M € | +0.6% | 1,7 M € | +0.5% | 1,7 M € | +1.4% | 1,6 M € | +4.6% | 1,6 M € | -4.0% | 1,6 M € | -1.4% | 1,7 M € | +3.8% | 1,6 M € | +9.5% | 1,5 M € | +9.2% | 1,3 M € | +9.8% | 1,2 M € | +11.6% | 1,1 M € | +14.2% | 956,5 k € | +43.3% | 667,3 k € |
| Total assets | 3 M € | +0.1% | 3 M € | +1.1% | 3 M € | -5.2% | 3,1 M € | +13.4% | 2,8 M € | -3.3% | 2,9 M € | +8.7% | 2,6 M € | -4.5% | 2,8 M € | -2.9% | 2,8 M € | +4.9% | 2,7 M € | -0.4% | 2,7 M € | -4.6% | 2,9 M € | -4.9% | 3 M € | +8.1% | 2,8 M € | -0.2% | 2,8 M € | -0.3% | 2,8 M € | +0.8% | 2,8 M € | +2.5% | 2,7 M € | -3.1% | 2,8 M € | +3.0% | 2,7 M € |
| Cash | 496,8 k € | +60.1% | 310,2 k € | +41.3% | 219,6 k € | -20.9% | 277,6 k € | +11.7% | 248,5 k € | +63.0% | 152,5 k € | -25.3% | 204,3 k € | -34.7% | 312,7 k € | +261% | 86,6 k € | +63.9% | 52,8 k € | +279% | 14 k € | -65.4% | 40,4 k € | -72.0% | 144,2 k € | +125% | 64,1 k € | -38.4% | 104 k € | +156% | 40,6 k € | +133% | 17,5 k € | -36.1% | 27,3 k € | -70.6% | 93 k € | -22.9% | 120,7 k € |
| Debts | 1,1 M € | -4.1% | 1,2 M € | -8.1% | 1,3 M € | -11.3% | 1,4 M € | +29.2% | 1,1 M € | -6.2% | 1,2 M € | +24.5% | 952,3 k € | -12.4% | 1,1 M € | -7.8% | 1,2 M € | +10.3% | 1,1 M € | -7.1% | 1,2 M € | -5.3% | 1,2 M € | -9.3% | 1,3 M € | +14.0% | 1,2 M € | -10.8% | 1,3 M € | -9.0% | 1,5 M € | -6.2% | 1,5 M € | -3.6% | 1,6 M € | -12.2% | 1,8 M € | -10.2% | 2 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0,8 ETP | -20.0% | 1,0 ETP | – | – | – | ||||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/01/2026 · 2 active · 9 ended
Active mandates
Nancy Vancoppenolle
ActivePiet Vermeersch
ActiveEnded mandates
Nancy Vancoppenolle
EndedNancy Vanoppenolle
EndedPiet Vermeersch
EndedNancy Vancoppenolle
EndedFinancials
Annual accounts
Full financial information
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/02/2025 | 01/02/2024 | 01/02/2023 | 01/02/2022 | 01/02/2021 | 01/02/2020 |
| Closing of the financial year | 31/01/2026 | 31/01/2025 | 31/01/2024 | 31/01/2023 | 31/01/2022 | 31/01/2021 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 31/08/2026 | 30/09/2025 | 07/10/2024 | 01/09/2023 | 31/08/2022 | 06/09/2021 |
| General meeting | 01/08/2026 | 30/08/2025 | 14/09/2024 | 05/08/2023 | 30/07/2022 | 31/07/2021 |
| 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
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/01/2026 | 01/08/2026 | 31/08/2026 | Dutch | |
| Abridged model | 31/01/2025 | 30/08/2025 | 30/09/2025 | Dutch | |
| Abridged model | 31/01/2024 | 14/09/2024 | 07/10/2024 | Dutch | |
| Abridged model | 31/01/2023 | 05/08/2023 | 01/09/2023 | Dutch | |
| Abridged model | 31/01/2022 | 30/07/2022 | 31/08/2022 | Dutch | |
| Abridged model | 31/01/2021 | 31/07/2021 | 06/09/2021 | Dutch | |
| Abridged model | 31/01/2020 | 25/07/2020 | 31/07/2020 | Dutch | |
| Abridged model | 31/01/2019 | 27/07/2019 | 08/08/2019 | Dutch | |
| Micro model | 31/01/2018 | 28/07/2018 | 06/09/2018 | Dutch | |
| Micro model | 31/01/2017 | 29/07/2017 | 31/07/2017 | Dutch | |
| Abridged model | 31/01/2016 | 30/07/2016 | 01/08/2016 | Dutch | |
| Abridged model | 31/01/2015 | 25/07/2015 | 27/07/2015 | Dutch | |
| Abridged model | 31/01/2014 | 26/07/2014 | 28/07/2014 | Dutch | |
| Abridged model | 31/01/2013 | 27/07/2013 | 29/07/2013 | Dutch | |
| Abridged model | 31/01/2012 | 28/07/2012 | 30/07/2012 | Dutch | |
| Abridged model | 31/01/2011 | 30/07/2011 | 01/08/2011 | Dutch | |
| Abridged model | 31/01/2010 | 31/07/2010 | 02/08/2010 | Dutch | |
| Abridged model | 31/01/2009 | 25/07/2009 | 27/07/2009 | Dutch | |
| Abridged model | 31/01/2008 | 26/07/2008 | 28/07/2008 | Dutch | |
| Abridged model | 31/01/2007 | 28/07/2007 | 02/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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 31/01/2026 · 2 active · 9 ended
Active mandates
Nancy Vancoppenolle
ActivePiet Vermeersch
ActiveEnded mandates
Nancy Vancoppenolle
EndedNancy Vanoppenolle
EndedPiet Vermeersch
EndedNancy Vancoppenolle
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates25/10/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
- Mandates13/06/2022ONTSLAGEN - BENOEMINGEN
- Mandates23/08/2017ONTSLAGEN - BENOEMINGEN
- Mandates18/01/2012ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Capital / shares28/01/2008KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates15/01/2008ONTSLAGEN - BENOEMINGEN
- Mandates08/10/2007ONTSLAGEN - BENOEMINGEN
- Capital / shares06/04/2006KAPITAAL - AANDELEN - 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
- 2026Annual accounts 202651,8 k €↓
- 2025Annual accounts 2025138 k €↑
- 2024Annual accounts 202473,3 €↓
- 2023Annual accounts 202347,5 k €↑
- 2022Annual accounts 2022-22,6 k €↓
- 2021Annual accounts 2021-3,7 k €↓
- 2020Annual accounts 20209,4 k €↑
- 2019Annual accounts 20199,1 k €↓
- 2018Annual accounts 201823 k €↓
- 2017Annual accounts 201772,1 k €↑
- 2016Annual accounts 2016-65,7 k €↓
- 2015Annual accounts 2015-23,2 k €↓
- 2014Annual accounts 201461,6 k €↓
- 2013Annual accounts 2013138,5 k €↑
- 2012Annual accounts 2012123,5 k €↑
- 2011Annual accounts 2011120 k €↓
- 2010Annual accounts 2010126,8 k €↓
- 2009Annual accounts 2009135,9 k €↑
- 2008Annual accounts 2008119,2 k €↑
- 2007Annual accounts 2007577 €
- 01/03/2004IncorporationPublic limited company