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H P PELZER

Active
Public limited companyfounded 198936 yrs activeHenry Fordlaan 15, 3600 Genk, BelgiumKBO/BCE: BE 0439.647.649

H P PELZER has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.00M and a net result of €-649k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 46% of 70 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
57 / 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-16
Solvency61▼-5
Growth41▼-1
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 3.41 against 4.87 in 2024; short-term debt: 28.5% and cash: 1.4% of total assets), but 63.6% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
36.4%
Return on assets
-2.6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies more bankruptcies →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 d early
2024
42 d early
2023
48 d early
2022
38 d early
2021
45 d early
2020
31 d early
2019
41 d late
← before the deadline after the deadline →
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 months
Position in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€16.96M▼ 12.1%
2024 · €19.30M
2018: €24.07M 2019: €24.37M 2020: €17.13M 2021: €16.96M 2022: €23.55M 2023: €21.72M 2024: €19.30M
2018 → 2025
EBIT margin
-2.2%▼ 5.5pp
2024 · 3.2%
2018: 14.0% 2019: 12.5% 2020: 4.9% 2021: -6.8% 2022: 3.9% 2023: 2.3% 2024: 3.2%
2018 → 2025
Net result
€-649k
2024 · €214k
2018: €2.09M 2019: €1.95M 2020: €374k 2021: €-1.31M 2022: €787k 2023: €256k 2024: €214k
2018 → 2025
Working capital
€16.96M▼ 5.7%
2024 · €18.00M
2018: €14.52M 2019: €16.27M 2020: €16.96M 2021: €15.45M 2022: €16.52M 2023: €17.77M 2024: €18.00M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€16.96M-€23.55M▲ 38.8%€21.72M▼ 7.8%€19.30M▼ 11.2%€16.96M▼ 12.1%
Equity€8.39M-€9.17M▲ 9.4%€9.43M▲ 2.8%€9.64M▲ 2.3%€9.00M▼ 6.7%
Operating result€-1.15M-€923k€495k▼ 46.3%€625k▲ 26.2%€-379k
Net result€-1.31M-€787k€256k▼ 67.5%€214k▼ 16.2%€-649k
Result per fiscal year
Operating resultNet result
€-2.00M€-1.00M€0€1.00MOperating result 2021: €-1.15M€-1.15MNet result 2021: €-1.31M€-1.31MOperating result 2022: €923k€923kNet result 2022: €787k€787kOperating result 2023: €495k€495kNet result 2023: €256k€256kOperating result 2024: €625k€625kNet result 2024: €214k€214kOperating result 2025: €-379k€-379kNet result 2025: €-649k€-649k20212022202320242025
The operating result turns negative in 2025: a loss of €379k after €625k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24.74M
Fixed assets €738k▼ 15.9%
Current assets €24.00M▲ 6.0%
Equity and liabilities €24.74M
Equity €9.00M▼ 6.7%
Provisions €231k▲ 2.0%
Debt €15.52M▲ 13.6%
The debt ratio rises from 58.0% to 62.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€-91k
2024 · €988k
Cash flow
€-360k
2024 · €577k
Solvency
36.4%
2024 · 41.0%
Current ratio
3.41
2024 · 4.87
Quick ratio
3.31
2024 · 4.74
Debt / equity
1.72
2024 · 1.42
ROE
-7.2%
2024 · 2.2%
ROA
-2.6%
2024 · 0.9%
Interest coverage
-0.09
2024 · 0.95
Debt
€15.52M
2024 · €13.66M
Debt ≤ 1 year
€7.04M
2024 · €4.65M
Debt > 1 year
€8.01M
2024 · €8.09M
Income taxes
€2k
2024 · €142k
Staff costs
€7.40M
2024 · €7.17M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€23.53M€24.74M
Fixed assets21/28€878k€738k
Tangible fixed assets22/27€868k€729k
Land and buildings22€520k€577k
Plant, machinery and equipment23€315k€77k
Leasing and similar rights25€33k€0
Assets under construction and advance payments27-€75k
Financial fixed assets28€10k€10k=
Other financial fixed assets284/8€10k€10k=
Amounts receivable and cash guarantees285/8€10k€10k=
Current assets29/58€22.65M€24.00M
Stocks and contracts in progress3€605k€713k
Stocks30/36€605k€713k
Raw materials and consumables30/31€338k€578k
Work in progress32€57k€31k
Finished goods33€210k€104k
Amounts receivable within one year40/41€19.50M€21.60M
Trade receivables40€627k€2.49M
Other amounts receivable41€18.87M€19.11M
Cash at bank and in hand54/58€657k€337k
Deferred charges and accrued income490/1€1.89M€1.35M
Equity and liabilities
Total equity and liabilities10/49€23.53M€24.74M
Equity10/15€9.64M€9.00M
Contributions10/11€2.06M€2.06M=
Capital10€2.06M€2.06M=
Issued capital100€2.06M€2.06M=
Reserves13€906k€906k=
Non-distributable reserves130/1€906k€906k=
Legal reserve130€906k€906k=
Profit (loss) carried forward14€6.64M€5.99M
Investment grants15€38k€38k=
Provisions and deferred taxes16€227k€231k
Provisions for liabilities and charges160/5€207k€212k
Other liabilities and charges164/5€207k€212k
Deferred taxes168€20k€20k=
Amounts payable17/49€13.66M€15.52M
Amounts payable after more than one year17€8.09M€8.01M
Financial debts170/4€8.09M€8.01M
Leasing and similar obligations172€117k€44k
Other loans174€7.97M€7.97M=
Amounts payable within one year42/48€4.65M€7.04M
Current portion of amounts payable after more than one year42€71k€72k
Financial debts43€237k€202k
Credit institutions430/8€237k€202k
Trade debts44€3.05M€5.63M
Suppliers440/4€3.05M€5.63M
Taxes, remuneration and social security45€933k€827k
Taxes450/3€151k€358k
Remuneration and social security454/9€782k€469k
Other amounts payable47/48€359k€308k
Accrued charges and deferred income492/3€916k€460k
Income statement Code20242025
Operating income70/76A€20.69M€21.18M
Turnover70€19.30M€16.96M
Change in stocks of work in progress, finished goods and contracts in progress71€-40k€-132k
Other operating income74€1.38M€4.35M
Non-recurring operating income76A€50k€6
Operating charges60/66A€20.06M€21.56M
Goods for resale, raw materials and consumables60€8.36M€8.33M
Purchases600/8€8.25M€8.57M
Change in stocks: decrease (increase)609€118k€-240k
Services and other goods61€4.09M€5.37M
Remuneration, social security and pensions62€7.17M€7.40M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€363k€289k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-24k€4k
Other operating charges640/8€101k€175k
Non-recurring operating charges66A€0€8
Operating profit (loss)9901€625k€-379k
Financial income75/76B€840k€804k
Recurring financial income75€840k€804k
Income from current assets751€769k€803k
Other financial income752/9€72k€1k
Financial charges65/66B€1.11M€1.07M
Recurring financial charges65€1.11M€1.07M
Debt charges650€1.05M€987k
Other financial charges652/9€64k€84k
Profit (loss) for the period before taxes9903€356k€-646k
Income taxes67/77€142k€2k
Taxes670/3€142k€4k
Tax adjustments and reversals of tax provisions77-€2k
Profit (loss) for the period9904€214k€-649k
Profit (loss) for the period to be appropriated9905€214k€-649k
Appropriation of the result
Profit (loss) to be appropriated9906€6.64M€5.99M
Profit (loss) brought forward from the previous period14P€6.43M€6.64M
Social balance
Average headcount (FTE)9087110.198.5

The notes to these accounts (70 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment7 facts ▸
  • General meeting, 2025-12-01
  • Director resignation, Geert VERMOTE (bestuurder)
  • Director appointment, Adler Pelzer Holding GmbH (bestuurder)
  • Permanent representative, Eric Bolly
  • Board meeting, 2025-12-01
  • Director resignation, Geert VERMOTE (gedelegeerd bestuurder en voorzitter van de raad van bestuur)
  • Director resignation, Ludo ENGELEN (gedelegeerd bestuurder)
19-11
State Gazette act Resignations & appointments
General meeting · Director reappointment · Auditor reappointment7 facts ▸
  • General meeting, 2025-06-10
  • Director reappointment, Ludo Engelen (bestuurder)
  • Director reappointment, Geert Vermote (bestuurder)
  • Auditor reappointment, commissaris, drie boekjaren
  • Board meeting, 2025-06-10
  • Director reappointment, Geert Vermote (gedelegeerd bestuurder en voorzitter van de raad van bestuur)
  • Director reappointment, Ludo Engelen (gedelegeerd bestuurder)
19-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
28-12
State Gazette act Statutes amendment
General meeting · Statutes amendment · Corporate purpose5 facts ▸
  • General meeting, 2023-12-14
  • Statutes amendment
  • Corporate purpose, I. Specifieke activiteiten: Het concipiëren, ontwikkelen, testen, analyseren en fabriceren van producten op het vlak van geluids,trilling- en warmtereducering;…
  • Capital, €2.057.000
  • Power of attorney, Bestuurder
23-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Back to profitnet €787k
Net result €787k after one loss-making year.
22-09
State Gazette act Resignations & appointments
General meeting · Auditor appointment2 facts ▸
  • General meeting, 2022-06-10
  • Auditor appointment, EY Bedrijfsrevisoren (commissaris)
16-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet €-1.31M ▼450%
Net result drops to €-1.31M, the lowest in the series; recovery starts the following year.
30-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
04-01
State Gazette act Resignations & appointments
Permanent representative1 fact ▸
  • Permanent representative, Emmanuel Jennes (commissaris)
2020
10-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 41 days late
2019
25-06
State Gazette act Resignations & appointments
General meeting · Director reappointment · Mandate compensation10 facts ▸
  • General meeting, 2019-06-11
  • Director reappointment, Engelen Ludo (bestuurder)
  • Director reappointment, Vermote Geert (bestuurder)
  • Mandate compensation, Engelen Ludo
  • Mandate compensation, Vermote Geert
  • Auditor reappointment, drie boekjaren, 2019-06-11
  • Board meeting, 2019-06-11
  • Director reappointment, Engelen Ludo (gedelegeerd bestuurder)
  • Director reappointment, Vermote Geert (gedelegeerd bestuurder)
  • Director reappointment, Vermote Geert (voorzitter van de raad van bestuur)
20-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
21-04
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 2017-03-14
17-02
State Gazette act Resignations & appointments
General meeting · Director resignation · Auditor appointment3 facts ▸
  • General meeting, 2016-11-18
  • Director resignation, BDO Bedrijfsrevisoren (commissaris)
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren (commissaris)
2015
27-02
State Gazette act Miscellaneous
General meeting · Power of attorney · Resolution3 facts ▸
  • General meeting, 2015-01-30
  • Power of attorney, White & Case LLP
  • Resolution, goedkeuren de bepalingen dewelke rechten toekennen aan derden die een invloed hebben op het vermogen van de Vennootschap, dan wel een schuld of een verplichting…
2013
01-10
State Gazette act Resignations & appointments
General meeting · Director reappointment · Mandate compensation10 facts ▸
  • General meeting, 2013-06-10
  • Director reappointment, Geert Vermote (bestuurder)
  • Director reappointment, Ludo Engelen (bestuurder)
  • Mandate compensation, Geert Vermote
  • Mandate compensation, Ludo Engelen
  • Auditor reappointment, commissaris, drie boekjaren
  • Board meeting, 2013-06-10
  • Director reappointment, Geert Vermote (gedelegeerd bestuurder)
  • Director reappointment, Geert Vermote (voorzitter van de raad van bestuur)
  • Director reappointment, Ludo Engelen (gedelegeerd bestuurder)
2011
22-12
State Gazette act Capital & shares · Statutes amendment
General meeting · Capital decrease · Capital4 facts ▸
  • General meeting, 2011-12-06
  • Capital decrease, €7.000.000
  • Capital, €2.057.000
  • Statutes amendment
19-08
State Gazette act Capital & shares · Restructuring
General meeting · Merger · Dissolution11 facts ▸
  • General meeting, 2011-07-29
  • Merger
  • Dissolution, 2011-07-29
  • Capital increase, €1.541.938
  • Share issue, volstort, 622
  • Accounting effect, 2011-01-01
  • Net-asset statement, 2010-12-31
  • Share cancellation, 2150, 5.354.500,14 EUR
  • Capital increase, €78.062
  • Capital, €9.057.000
  • Share category abolition, single class of shares numbered 1 to 3000 without nominal value
28-06
State Gazette act Restructuring · Miscellaneous
Merger1 fact ▸
  • Merger
2010
07-10
State Gazette act Resignations & appointments
General meeting · Director resignation · Auditor appointment3 facts ▸
  • General meeting, 2010-06-10
  • Director resignation, Ernst & Young bedrijfsrevisoren (commissaris)
  • Auditor appointment, BDO Bedrijfsrevisoren (commissaris)
2007
08-08
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment10 facts ▸
  • General meeting, 2007-07-20
  • Director resignation, Rolf H. Kusebauch (bestuurder)
  • Director resignation, Rolf H. Kusebauch (gedelegeerd bestuurder en voorzitter van de raad van bestuur)
  • Director resignation, Norbert Schwella (bestuurder)
  • Director appointment, Ludo Engelen (bestuurder)
  • Director appointment, Geert Vermote (bestuurder)
  • Director appointment, Dr. Martin Kunzmann (bestuurder)
  • Board meeting, 2007-07-20
  • Director appointment, Dr. Martin Kunzmann (gedelegeerd bestuurder en voorzitter van de raad van bestuur)
  • Scope of authority, dezelfde bevoegdheden als toegekend door de raad van bestuur van 14 september 1992, gepubliceerd in de Bijlage tot het Belgisch Staatsblad van november daarna,…
2006
06-02
State Gazette act Resignations & appointments
Board meeting · Permanent representative · Mandate expiry3 facts ▸
  • Board meeting, 2005-11-17
  • Permanent representative, S. Olivier
  • Mandate expiry, Algemene Vergadering van Aandeelhouders te houden in 2008, over het boekjaar 2007
2004
04-06
State Gazette act Resignations & appointments
General meeting · Director resignation2 facts ▸
  • General meeting, 2003-06-10
  • Director resignation, HP Chemie Pelzer GmbH (bestuurder)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
7 directors, no change since 2025
Adler Pelzer Holding GmbH
Director · since 01-12-2025 · Legal entity · perm. rep.: Eric Bolly
Current
Dr. Martin Kunzmann
Director · since 20-07-2007
Not recently confirmed
01-12-2025 Adler Pelzer Holding GmbH: Appointed as Director
01-12-2025 Geert VERMOTE: Resigned as Director
01-12-2025 Geert VERMOTE: Resigned as Gedelegeerd bestuurder en voorzitter van de raad van bestuur
01-12-2025 Ludo ENGELEN: Resigned as Managing director
10-06-2025 Geert VERMOTE: Mandate renewed as Gedelegeerd bestuurder en voorzitter van de raad van bestuur
10-06-2025 Geert VERMOTE: Mandate renewed as Director
10-06-2025 Ludo ENGELEN: Mandate renewed as Director
10-06-2025 Ludo ENGELEN: Mandate renewed as Managing director
11-06-2019 Geert VERMOTE: Mandate renewed as Director
11-06-2019 Geert VERMOTE: Mandate renewed as Managing director
11-06-2019 Geert VERMOTE: Mandate renewed as Voorzitter van de raad van bestuur
11-06-2019 Ludo ENGELEN: Mandate renewed as Director
11-06-2019 Ludo ENGELEN: Mandate renewed as Managing director
10-06-2013 Geert VERMOTE: Mandate renewed as Voorzitter van de raad van bestuur
10-06-2013 Geert VERMOTE: Mandate renewed as Director
10-06-2013 Geert VERMOTE: Mandate renewed as Managing director
10-06-2013 Ludo ENGELEN: Mandate renewed as Director
10-06-2013 Ludo ENGELEN: Mandate renewed as Managing director
20-07-2007 Dr. Martin Kunzmann: Appointed as Director
20-07-2007 Dr. Martin Kunzmann: Appointed as Gedelegeerd bestuurder en voorzitter van de raad van bestuur
20-07-2007 Geert VERMOTE: Appointed as Director
20-07-2007 Ludo ENGELEN: Appointed as Director
20-07-2007 Norbert Schwella: Resigned as Director
20-07-2007 Rolf H. Kusebauch: Resigned as Director
+ 2 not shown in this overview
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 1992
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Henry Fordlaan 153600 Genk
Ground area
2.8 ha
Building footprint
1.1 ha
Parcel 71304E0735/00F012, Flanders. Linked by address, not a title deed.
1 establishment unit
HP PELZER
Henry Fordlaan 15, 3600 GenkManufacture of fabricated metal products, except machinery and equipment
since 19922.047.089.384
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71304E0735/00F012 Flanders 2.8 ha 1 · 1.1 ha -
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

4 auditors
Ernst et Young Reviseurs d'EntreprisesCurrent
Statutory auditor
10-06-2022 → present
Show 3 earlier auditors
BDO Bedrijfsrevisoren
Statutory auditor
10-06-2010 → 10-06-2016
Ernst & Young Bedrijfsrevisoren
Statutory auditor
- → 10-06-2010
PricewaterhouseCoopers Reviseurs d'Entreprises
Auditor
succeeded by Ernst et Young Reviseurs d'Entreprises in 2022
18-11-2016 → 10-06-2022

Structure & network

Acquisitions and mergers

1 transaction
BE 0448.328.159State Gazette act of 19-08-2011 (2 acts)

Capital and shareholders

Capital increase of 1,541,938 EUR
Capital increase of 78,062 EUR
State Gazette act of 19-08-2011

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 63,097 EUR awarded · 63,097 EUR paid
Year Entries awardedpaid
2025 2 20,711 EUR20,711 EUR
2024 2 13,620 EUR13,620 EUR
2023 1 20,091 EUR20,091 EUR
2022 1 8,675 EUR8,675 EUR
Schemes
Vlaams opleidingsverlof (VOV)
4 entries · 39,991 EUR · 39,991 EUR paid · Departement Werk en Sociale Economie
Individueel Maatwerk
2 entries · 23,106 EUR · 23,106 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

54930010JNG7ATZUX118
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 195 companies in sector 29320 we hold annual accounts for 124. 56 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded28-12-1989
Fiscal year end31-12
Activities, NACEBEL
13960Manufacture of textiles
29320Manufacture of motor vehicles, trailers and semi-trailers
34300
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.