factor P
ActiveSummary
factor P has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €380,415 and a net result of €60,898. Equity has been growing by about 20% per year since 2023. Its solvency ranks better than 65% of 11,775 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-05-2022 Normal situation
- Activity
- Activities of building architects NACE 71111
- Establishment unit
- 2.331.674.518 3200 Aarschot, since 01-06-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 05-01-2026
Board and ownership
- DEKEYREL Peter Cyriel AchielDirector · since 01-06-2022
- DEKEYREL Peter Cyriel Achielfounderdeed of 01-06-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €134,064
- ▲ 8.5%
- Turnover
- ≈ €270,000
- estimated
- Profit
- €60,898
- ▲ 12.7%
- Equity
- €380,415
- ▲ 19.1%
- Total assets
- €561,813
- ▲ 14.5%
Score breakdownlowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 2.42, cash €254,391Size: total assets €561,813Figures for financial year 2025 (filed on 01-04-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 66% of them on solvency, 79% on liquidity, 52% on profitability and 66% on growth.
The bankruptcy probability was computed on 04-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 29 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 01-04-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 12% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | €74,399 | €1,242 | €4,242 |
| Intangible fixed assets | €218,000 | - | - |
| Depreciation and write-downs of the year | €43,117 | €41,688 | €42,074 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,117 | €41,688 | €42,074 | ▲ 0.9% |
| Other operating charges640/8 | €438 | €209 | €216 | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | €121 | - |
| Gross operating margin9900 | €108,277 | €123,548 | €134,064 | ▲ 8.5% |
| Operating profit (loss)9901 | €64,722 | €81,651 | €91,652 | ▲ 12.2% |
| Financial income75/76B | €0 | €815 | €3,313 | ▲ 306% |
| Recurring financial income75 | €0 | €815 | €3,313 | ▲ 306% |
| Financial charges65/66B | €962 | €7,444 | €10,542 | ▲ 41.6% |
| Recurring financial charges65 | €962 | €7,444 | €10,542 | ▲ 41.6% |
| Profit (loss) for the period before taxes9903 | €63,760 | €75,022 | €84,423 | ▲ 12.5% |
| Income taxes67/77 | €18,281 | €20,985 | €23,525 | ▲ 12.1% |
| Profit (loss) for the period9904 | €45,479 | €54,037 | €60,898 | ▲ 12.7% |
| Profit (loss) for the period to be appropriated9905 | €45,479 | €54,037 | €60,898 | ▲ 12.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €443,665 | €490,686 | €561,813 | ▲ 14.5% |
| Fixed assets21/28 | €249,282 | €208,835 | €170,881 | ▼ 18.2% |
| Intangible fixed assets21 | €181,492 | €154,242 | €126,992 | ▼ 17.7% |
| Tangible fixed assets22/27 | €67,790 | €54,593 | €43,889 | ▼ 19.6% |
| Plant, machinery and equipment23 | €3,931 | €3,373 | €2,816 | ▼ 16.5% |
| Furniture and vehicles24 | €56,703 | €44,862 | €34,587 | ▼ 22.9% |
| Other tangible fixed assets26 | €7,155 | €6,357 | €6,486 | ▲ 2.0% |
| Current assets29/58 | €194,383 | €281,851 | €390,931 | ▲ 38.7% |
| Amounts receivable within one year40/41 | €17,378 | €19,182 | - | - |
| Trade receivables40 | €16,520 | €19,182 | - | - |
| Other amounts receivable41 | €859 | - | - | - |
| Current investments50/53 | - | €50,000 | €118,780 | ▲ 138% |
| Cash at bank and in hand54/58 | €177,004 | €212,669 | €254,391 | ▲ 19.6% |
| Deferred charges and accrued income490/1 | - | - | €17,759 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €443,665 | €490,686 | €561,813 | ▲ 14.5% |
| Equity10/15 | €265,479 | €319,517 | €380,415 | ▲ 19.1% |
| Contributions10/11 | €220,000 | €220,000 | €220,000 | = |
| Reserves13 | €45,479 | €99,517 | €160,415 | ▲ 61.2% |
| Distributable reserves133 | €45,479 | €99,517 | €160,415 | ▲ 61.2% |
| Amounts payable17/49 | €178,185 | €171,169 | €181,398 | ▲ 6.0% |
| Amounts payable after more than one year17 | €39,686 | €29,148 | €18,203 | ▼ 37.6% |
| Financial debts170/4 | €39,686 | €29,148 | €18,203 | ▼ 37.6% |
| Amounts payable within one year42/48 | €138,499 | €142,021 | €161,729 | ▲ 13.9% |
| Current portion of amounts payable after more than one year42 | €10,146 | €10,538 | €10,946 | ▲ 3.9% |
| Trade debts44 | €744 | €745 | €19 | ▼ 97.4% |
| Suppliers440/4 | €744 | €745 | €19 | ▼ 97.4% |
| Taxes, remuneration and social security45 | €24,567 | €26,645 | €33,131 | ▲ 24.3% |
| Taxes450/3 | €22,196 | €25,145 | €31,631 | ▲ 25.8% |
| Remuneration and social security454/9 | €2,371 | €1,500 | €1,500 | = |
| Other amounts payable47/48 | €103,042 | €104,094 | €117,633 | ▲ 13.0% |
| Accrued charges and deferred income492/3 | - | - | €1,466 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,479 | €54,037 | €60,898 | ▲ 12.7% |
| + Depreciation and write-downs630 | €43,117 | €41,688 | €42,074 | ▲ 0.9% |
| Operating cash flow (approximation) | €88,596 | €95,726 | €102,972 | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | -€1,242 | -€4,120 | ▼ 232% |
| Change in cash | - | €35,665 | €41,722 | ▲ 17.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,127 companies had the same profile as factor P has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of factor P itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for factor P. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- DEKEYREL Peter Cyriel Achiel sole founder · 100% at incorporation
Capital transactions
- 01-06-2022 Incorporation · 2,200 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging,tijdstip elk moment, bevoegde raad Orde van Architecten onverwijld op hoogte met…”
Articles of association, deed of 01-06-2022 (in Dutch)
Network & group
factor P shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of factor P. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
01-06
Gazette deed
IncorporationFounder: DEKEYREL Peter Cyriel Achiel (comparant) · 2,200 shares · Appointment: DEKEYREL Peter Cyriel Achiel (director)7 points ▸
- Founder, DEKEYREL Peter Cyriel Achiel (comparant)
- Incorporation, 30-05-2022
- 2,200 shares
- Registered office clause, Leuvensesteenweg 33, 3200 Aarschot
- Director appointment, DEKEYREL Peter Cyriel Achiel (director (not named in the articles))
- Permanent representative, DEKEYREL Peter Cyriel Achiel
- Power of attorney, BART VAN THIELEN
- The deed holds 7 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Text of the purpose
“Het verlenen van diensten die behoren tot de uitoefening van het beroep van architect alsook aanverwante en niet onverenigbare activiteiten.”
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24662F0058/00B004 | Flanders | 180 m² | 1 · 71 m² | 14.8 m · 3 |