Result
€657,733 ▲ 319%
The result rose in 2025: different schema filed.
Pact B
Lifetime
7 annual accounts with figures on one time axispeak €8,368 (2024)
-not published
lowest -€221,673 (2021)
€657,733▲ 319%
peak €1.1m (2025)
€1.1m▲ 139%
€1.2m▼ 41.0%
Board5 names since 2018
3 directorsBrocap NV and 2 others
Owners6 names in the annual accounts
23.53%EMC2 -Environmetal Management of Corporate Capital and 3 others
Documentsfilings and deeds
24-08-202624 days late
2025financial year
Result from €156,951 to €657,733Equity from €473,630 to €1.1mDebts from €2.0m to €1.2mCash from €5,747 to €2,539
Key points
from the 2025 annual accountsFilings
7 annual accounts 2 late
The 2025 accounts came latest: 24 days after the end of the period.
At the same address
59 companies
Checked score
85
Excellent
Financially stronger than 74% of small companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 910 companies (NACE 41, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025
04-2025: 1.8%● unchanged vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 2.0%▲ +0.2 percentage points vs 05-2025
07-2025: 2.1%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.9%▼ -1.2 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.8%▼ -0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.9%▲ +0.1 percentage points vs 02-2026
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.2%▲ +0.2 percentage points vs 05-2026
07-2026: 1.0%▼ -0.2 percentage points vs 06-2026
08-2026: 1.4%▲ +0.4 percentage points vs 07-2026
09-2026: 0.5%▼ -0.9 percentage points vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.04, cash €2,539, halved
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Size: turnover €27,000, total assets €2.3m
Figures for financial year 2025 (filed on 24-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small). It does better than 71% of them on solvency, 31% on liquidity, 99% on profitability and 96% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.04 (0.09 in 2024), below 1. Short-term debt is 44.4% and cash 0.1% of total assets. 50.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
24 days late
2024
6 days early
2023
12 days late
2022
39 days early
2021
13 days early
2020
53 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Brocap 100%score 91equity €221,701 (2025) · 2022 annual accounts of Brocap
- Het Vroonhof 51.76%equity €6.8m (2024) · 2024 annual accounts of Het Vroonhof
- EMC2 -Environmetal Management of Corporate Capital 23.53%score 86equity €573,970 (2025) · 2025 annual accounts of EMC2 -Environmetal Management of Corporate Capital
Shares in 7 companies, including Gebroeders Lauwers and I 4 REAL ESTATE
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0695836428
2 directors reappointed
Brocap and EMC² - ENVIRONMENTAL MANAGEMENT OF CORPORATE CAPITAL · Permanent representatives: Guy De Clercq and Peter Vanneck · “nieuwe tekst aangepast aan nieuwe terminologie en huidige activiteiten” (deed in Dutch) · General meeting of 24-04-2023 · Gazette deed
1 director resigning
FLANDERS INVESTMENT HOLDING NV · Permanent representatives: Guy VANHAUTEGHEM and Guy DE CLERCQ · General meeting of 30-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Pact B Ghent | €27,000 | 87.1% | 49.2% | - |
| Kolmont Retail Brussels | €167,060 | -45.8% | -24.7% | 0 |
| SADIBO Zulte | - | - | 44.1% | 2.6 |
| WOBA BUILD Buggenhout | - | - | 25.5% | - |
| PreMonta Nazareth-De Pinte | - | - | 29.7% | 17.8 |
| VANDEN HENDE BART Oudenaarde | - | - | 13.9% | - |
| CONFIAR Kruisem | - | - | 23.5% | - |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Pact B: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €1.3m and €3.6m, founded between 2011 and 2020.
Official details
Source: KBO- Status
- Active since 09-05-2018Normal situation
- Registered office
- 60 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- General construction of other non-residential buildingsNACE 41003and 1 other
- Establishment unit
- 2.280.979.8439032 Ghent, since 09-05-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Companies linked to Pact B
Shareholders
- i.BC5.88%
Subsidiaries and holdings
Insights on Pact B
Solvency rose in 2025 from 19.3% to 49.2% because of the retained profit and lower debts.
Brocap holds all the shares. In July 2024, the Official Gazette published the appointment of Brocap NV as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Pact B
- What is the company number of Pact B?
- The company number of Pact B is 0695.836.428. The VAT number is the same number with BE in front: BE 0695.836.428.
- Where is Pact B based?
- The registered office is at Waterlelielaan 1, 9032 Ghent.Company details
- What does Pact B do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of Pact B?
- Pact B is a public limited company (NV).
- When was Pact B founded?
- Pact B was founded on 09-05-2018.
- Is Pact B still active?
- Yes, Pact B is an active enterprise in the KBO register.
- What is the turnover of Pact B?
- The turnover of Pact B was €27,000 in financial year 2025, according to the filed annual accounts.Financials
- Is Pact B profitable?
- In financial year 2025, Pact B made a profit of €657,733.
- Where can I find the annual accounts of Pact B?
- Pact B filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Pact B due?
- Pact B must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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