CFH Penta Belgian
ActiveSummary
The computed 12-month bankruptcy probability of CFH Penta Belgian is 2.6% (moderate). The 2025 annual accounts show negative equity (€-3.61M) and a net result of €1.45M. Equity is shrinking by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 4556 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+84
Solvency0=
Growth72=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.28 in 2024; short-term debt: 371.9% and cash: 24.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-271.9%
Return on assets
109.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4556 sector peers (2025).
NBB · sector comparisonPosition among 4556 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
7 d early
2024
47 d late
2023
63 d late
2022
429 d late
2021
794 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€19.05M▼ 8.0%
2024 · €20.72M
2021: €8.79Mlowest in 5 years
2022: €16.88M▲ +92.1% vs 2021
2023: €19.77M▲ +17.1% vs 2022
2024: €20.72M▲ +4.8% vs 2023highest in 5 years
2025: €19.05M▼ -8.0% vs 2024
2021 → 2025
EBIT margin
7.9%▲ 12.9pp
2024 · -5.0%
2021: -16.0%lowest in 5 years
2022: -5.3%▲ +67.2% vs 2021
2023: -9.2%▼ -75.1% vs 2022
2024: -5.0%▲ +46.1% vs 2023
2025: 7.9%▲ +260% vs 2024highest in 5 years
2021 → 2025
Net result
€1.45M
2024 · €-1.02M
2021: €-1.40M
2022: €-890k▲ +36.5% vs 2021
2023: €-1.81M▼ -104% vs 2022lowest in 5 years
2024: €-1.02M▲ +43.8% vs 2023
2025: €1.45M▲ +243% vs 2024highest in 5 years
2021 → 2025
Working capital
€-4.11M▲ 15.6%
2024 · €-4.86M
2021: €-1.44Mhighest in 5 years
2022: €-2.38M▼ -64.6% vs 2021
2023: €-4.22M▼ -77.4% vs 2022
2024: €-4.86M▼ -15.3% vs 2023lowest in 5 years
2025: €-4.11M▲ +15.6% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.79M-€16.88M▲ 92.1%€19.77M▲ 17.1%€20.72M▲ 4.8%€19.05M▼ 8.0%
2021: €8.79Mlowest in 5 years
2022: €16.88M▲ +92.1% vs 2021
2023: €19.77M▲ +17.1% vs 2022
2024: €20.72M▲ +4.8% vs 2023highest in 5 years
2025: €19.05M▼ -8.0% vs 2024
Equity€-1.34M-€-2.23M▼ 66.4%€-4.05M▼ 81.3%€-5.07M▼ 25.2%€-3.61M▲ 28.7%
2021: €-1.34Mhighest in 5 years
2022: €-2.23M▼ -66.4% vs 2021
2023: €-4.05M▼ -81.3% vs 2022
2024: €-5.07M▼ -25.2% vs 2023lowest in 5 years
2025: €-3.61M▲ +28.7% vs 2024
Operating result€-1.41M-€-887k▲ 36.9%€-1.82M▼ 105%€-1.03M▲ 43.5%€1.51M
2021: €-1.41M
2022: €-887k▲ +36.9% vs 2021
2023: €-1.82M▼ -105% vs 2022lowest in 5 years
2024: €-1.03M▲ +43.5% vs 2023
2025: €1.51M▲ +247% vs 2024highest in 5 years
Net result€-1.40M-€-890k▲ 36.5%€-1.81M▼ 104%€-1.02M▲ 43.8%€1.45M
2021: €-1.40M
2022: €-890k▲ +36.5% vs 2021
2023: €-1.81M▼ -104% vs 2022lowest in 5 years
2024: €-1.02M▲ +43.8% vs 2023
2025: €1.45M▲ +243% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1.51M after a loss of €1.03M in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.33M
Fixed assets
€495k ▲ 60.7%
Current assets
€833k ▼ 56.3%
Key figures and ratios
EBITDA
€1.58M▲
2024 · €-959k
Cash flow
€1.52M▲
2024 · €-950k
Solvency
-271.9%▼
2024 · -228.5%
Current ratio
0.17▼
2024 · 0.28
Quick ratio
0.14▼
2024 · 0.27
Debt to equity
-1.37▲
2024 · -1.44
ROA
109.4%▲
2024 · -46.0%
Interest coverage
47789.46▲
2024 · -10563.22
Debt
€4.94M▼
2024 · €7.28M
Debt ≤ 1 year
€4.94M▼
2024 · €6.77M
Income taxes
€66k▲
2024 · €-950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.22M€1.33M▼
Fixed assets21/28€308k€495k▲
Intangible fixed assets21€838€500▼
Tangible fixed assets22/27€293k€316k▲
Land and buildings22€69k€65k▼
Plant, machinery and equipment23€200k€233k▲
Furniture and vehicles24€20k€19k▼
Assets under construction and advance payments27€3k€0▼
Financial fixed assets28€14k€178k▲
Other financial fixed assets284/8€14k€178k▲
Amounts receivable and cash guarantees285/8€14k€178k▲
Current assets29/58€1.91M€833k▼
Stocks and contracts in progress3€110k€122k▲
Stocks30/36€110k€122k▲
Raw materials and consumables30/31€110k€122k▲
Amounts receivable within one year40/41€1.13M€278k▼
Trade receivables40€811k€273k▼
Other amounts receivable41€321k€5k▼
Cash at bank and in hand54/58€559k€321k▼
Deferred charges and accrued income490/1€108k€112k▲
Equity and liabilities
Total equity and liabilities10/49€2.22M€1.33M▼
Equity10/15€-5.07M€-3.61M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-5.13M€-3.67M▲
Amounts payable17/49€7.28M€4.94M▼
Amounts payable within one year42/48€6.77M€4.94M▼
Trade debts44€6.47M€4.53M▼
Suppliers440/4€6.47M€4.53M▼
Advances received on contracts in progress46€299k€11k▼
Taxes, remuneration and social security45€3k€401k▲
Taxes450/3€0€401k▲
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€263€336▲
Accrued charges and deferred income492/3€510k€0▼
Income statement
Code20242025
Operating income70/76A€20.85M€19.15M▼
Turnover70€20.72M€19.05M▼
Other operating income74€133k€90k▼
Operating charges60/66A€21.88M€17.63M▼
Goods for resale, raw materials and consumables60€2.95M€2.46M▼
Purchases600/8€2.95M€2.48M▼
Change in stocks: decrease (increase)609€-892€-20k▼
Services and other goods61€17.81M€13.99M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€70k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€1.06M€1.11M▲
Non-recurring operating charges66A€1k€232▼
Operating profit (loss)9901€-1.03M€1.51M▲
Financial income75/76B€13k€11k▼
Recurring financial income75€13k€11k▼
Income from financial fixed assets750€13k€0▼
Other financial income752/9€236€11k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€4k€4k▼
Debt charges650€91€33▼
Other financial charges652/9€4k€4k▼
Non-recurring financial charges66B€762€100▼
Profit (loss) for the period before taxes9903€-1.02M€1.52M▲
Income taxes67/77€-950€66k▲
Taxes670/3€11k€66k▲
Tax adjustments and reversals of tax provisions77€12k€111▼
Profit (loss) for the period9904€-1.02M€1.45M▲
Profit (loss) for the period to be appropriated9905€-1.02M€1.45M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5.13M€-3.67M▲
Profit (loss) brought forward from the previous period14P€-4.11M€-5.13M▼
The notes to these accounts (49 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €9.14M | €17.14M | €19.86M | €20.85M | €19.15M | ▼ 8.2% |
| Turnover70 | €8.79M | €16.88M | €19.77M | €20.72M | €19.05M | ▼ 8.0% |
| Other operating income74 | €349k | €258k | €94k | €133k | €90k | ▼ 32.1% |
| Operating charges60/66A | €10.54M | €18.03M | €21.68M | €21.88M | €17.63M | ▼ 19.4% |
| Goods for resale, raw materials and consumables60 | €1.59M | €2.64M | €2.86M | €2.95M | €2.46M | ▼ 16.5% |
| Purchases600/8 | €1.65M | €2.66M | €2.88M | €2.95M | €2.48M | ▼ 15.8% |
| Change in stocks: decrease (increase)609 | €-61k | €-24k | €-21k | €-892 | €-20k | ▼ 2,165% |
| Services and other goods61 | €8.58M | €14.54M | €17.63M | €17.81M | €13.99M | ▼ 21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €36k | €64k | €69k | €70k | ▲ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €7k | €3k | €-10k | €0 | - | - |
| Other operating charges640/8 | €368k | €817k | €1.13M | €1.06M | €1.11M | ▲ 5.1% |
| Non-recurring operating charges66A | - | - | - | €1k | €232 | ▼ 82.5% |
| Operating profit (loss)9901 | €-1.41M | €-887k | €-1.82M | €-1.03M | €1.51M | ▲ 247% |
| Financial income75/76B | €7k | €203 | €7k | €13k | €11k | ▼ 12.6% |
| Recurring financial income75 | €7k | €203 | €7k | €13k | €11k | ▼ 12.6% |
| Income from financial fixed assets750 | €7k | - | €7k | €13k | €0 | ▼ 100% |
| Other financial income752/9 | €28 | €203 | €322 | €236 | €11k | ▲ 4,746% |
| Financial charges65/66B | €4k | €4k | €4k | €5k | €4k | ▼ 24.2% |
| Recurring financial charges65 | €4k | €4k | €4k | €4k | €4k | ▼ 12.9% |
| Debt charges650 | - | - | - | €91 | €33 | ▼ 63.5% |
| Other financial charges652/9 | €4k | €4k | €4k | €4k | €4k | ▼ 11.8% |
| Non-recurring financial charges66B | - | - | - | €762 | €100 | ▼ 86.9% |
| Profit (loss) for the period before taxes9903 | €-1.40M | €-890k | €-1.81M | €-1.02M | €1.52M | ▲ 249% |
| Income taxes67/77 | - | - | - | €-950 | €66k | ▲ 7,015% |
| Taxes670/3 | - | - | - | €11k | €66k | ▲ 495% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €12k | €111 | ▼ 99.1% |
| Profit (loss) for the period9904 | €-1.40M | €-890k | €-1.81M | €-1.02M | €1.45M | ▲ 243% |
| Profit (loss) for the period to be appropriated9905 | €-1.40M | €-890k | €-1.81M | €-1.02M | €1.45M | ▲ 243% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.24M | €1.90M | €2.08M | €2.22M | €1.33M | ▼ 40.1% |
| Fixed assets21/28 | €166k | €251k | €335k | €308k | €495k | ▲ 60.7% |
| Intangible fixed assets21 | - | €2k | €1k | €838 | €500 | ▼ 40.3% |
| Tangible fixed assets22/27 | €116k | €200k | €270k | €293k | €316k | ▲ 7.8% |
| Land and buildings22 | €67k | €69k | €68k | €69k | €65k | ▼ 7.1% |
| Plant, machinery and equipment23 | €49k | €113k | €174k | €200k | €233k | ▲ 16.3% |
| Furniture and vehicles24 | - | €14k | €24k | €20k | €19k | ▼ 6.3% |
| Assets under construction and advance payments27 | - | €3k | €3k | €3k | €0 | ▼ 100% |
| Financial fixed assets28 | €50k | €50k | €64k | €14k | €178k | ▲ 1,176% |
| Other financial fixed assets284/8 | €50k | €50k | €64k | €14k | €178k | ▲ 1,176% |
| Amounts receivable and cash guarantees285/8 | €50k | €50k | €64k | €14k | €178k | ▲ 1,176% |
| Current assets29/58 | €2.08M | €1.65M | €1.75M | €1.91M | €833k | ▼ 56.3% |
| Stocks and contracts in progress3 | €61k | €78k | €99k | €110k | €122k | ▲ 11.0% |
| Stocks30/36 | €61k | €78k | €99k | €110k | €122k | ▲ 11.0% |
| Raw materials and consumables30/31 | €61k | €78k | €99k | €110k | €122k | ▲ 11.0% |
| Amounts receivable within one year40/41 | €1.28M | €781k | €1.11M | €1.13M | €278k | ▼ 75.4% |
| Trade receivables40 | €550k | €521k | €768k | €811k | €273k | ▼ 66.3% |
| Other amounts receivable41 | €730k | €260k | €338k | €321k | €5k | ▼ 98.3% |
| Cash at bank and in hand54/58 | €664k | €703k | €428k | €559k | €321k | ▼ 42.6% |
| Deferred charges and accrued income490/1 | €71k | €86k | €113k | €108k | €112k | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.24M | €1.90M | €2.08M | €2.22M | €1.33M | ▼ 40.1% |
| Equity10/15 | €-1.34M | €-2.23M | €-4.05M | €-5.07M | €-3.61M | ▲ 28.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Profit (loss) carried forward14 | €-1.40M | €-2.29M | €-4.11M | €-5.13M | €-3.67M | ▲ 28.4% |
| Amounts payable17/49 | €3.58M | €4.13M | €6.13M | €7.28M | €4.94M | ▼ 32.2% |
| Amounts payable within one year42/48 | €3.52M | €4.03M | €5.97M | €6.77M | €4.94M | ▼ 27.1% |
| Trade debts44 | €3.43M | €3.89M | €5.70M | €6.47M | €4.53M | ▼ 30.0% |
| Suppliers440/4 | €3.43M | €3.89M | €5.70M | €6.47M | €4.53M | ▼ 30.0% |
| Advances received on contracts in progress46 | €85k | €134k | €268k | €299k | €11k | ▼ 96.3% |
| Taxes, remuneration and social security45 | - | - | - | €3k | €401k | ▲ 12,240% |
| Taxes450/3 | - | - | - | €0 | €401k | - |
| Remuneration and social security454/9 | - | - | - | €3k | €0 | ▼ 100% |
| Other amounts payable47/48 | €996 | €619 | €789 | €263 | €336 | ▲ 27.8% |
| Accrued charges and deferred income492/3 | €63k | €105k | €163k | €510k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1.40M | €-890k | €-1.81M | €-1.02M | €1.45M | ▲ 243% |
| + Depreciation and write-downs630 | €8k | €36k | €64k | €69k | €70k | ▲ 1.3% |
| Operating cash flow (approximation) | €-1.39M | €-855k | €-1.75M | €-950k | €1.52M | ▲ 260% |
| Investment in fixed assets (approximation) | - | €-121k | €-148k | €-42k | €-257k | ▼ 513% |
| Change in cash | - | €39k | €-275k | €131k | €-239k | ▼ 282% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €1.45M
Net result €1.45M after 4 loss-making years.
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 47 days late
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 63 days late
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 429 days late
02-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 794 days late
2023
31-12
Financial
Weakest financial yearnet €-1.81M
Net result drops to €-1.81M, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 5 establishment units since 2020
Ground area
1.5 ha
Building footprint
4,893 m²
Volume, LiDAR
65,200 m³
4 parcels, Brussels, Flanders, Wallonia · tallest building 31.1 m, ±8 floors. Linked by address, not a title deed.
5 establishment units
CFH Penta Belgian
since 20202.307.467.870
Penta Hotel Leuven
since 20202.309.861.493
Penta Hotel Brussels Airport
since 20202.309.861.592
Pentahotel Liège
since 20202.309.861.691
Pentahotel Brussels City Centre
since 20202.309.861.889
4 parcels
Flanders
2
(50%)
Wallonia
1
(25%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0115/00B002 | Flanders | 4,902 m² | 1 · 1,369 m² | 15.3 m · 1 fl. |
| 21013B0040/00C021 | Brussels | 4,310 m² | 1 · 1,507 m² | 31.1 m · 8 fl. |
| 24502B1007/00W000 | Flanders | 3,426 m² | 1 · 1,140 m² | 24.1 m · 5 fl. |
| 62813E0297/00A002 | Wallonia | 2,802 m² | 1 · 878 m² | 18.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.309.861.889
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
55100Hotels and similar accommodation
66300Activities auxiliary to financial services and insurance activities
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.