P&CO Development
ActiveThe computed 12-month bankruptcy probability of P&CO Development is 3.4% (moderate). The 2024 annual accounts show negative equity (€-21k) and a net result of €-105k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 1305 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
28
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability4▲+1
Solvency23▲+7
Growth32=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.25 in 2023; short-term debt: 40.8% and cash: 0.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← 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 2024Solvency, return and age of the figures
Solvency
-2.5%
Return on assets
-12.1%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-21k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
61 d late
2022
1 d early
2021
31 d late
2020
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-21k▲ 65.4%
2023 · €-62k
2020: €11k
2021: €29k
2022: €22k
2023: €-62k
2020 → 2024
Total assets
€862k▲ 26.5%
2023 · €682k
2020: €779k
2021: €807k
2022: €776k
2023: €682k
2020 → 2024
Net result
€-105k▼ 25.3%
2023 · €-83k
2020: €8k
2021: €18k
2022: €-7k
2023: €-83k
2020 → 2024
Working capital
€-268k▼ 114%
2023 · €-126k
2020: €-602k
2021: €-606k
2022: €-661k
2023: €-126k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€29k▲ 163%€22k▼ 25.0%€-62k€-21k▲ 65.4%
Operating result€25k-€39k▲ 56.3%€9k▼ 75.8%€-44k€-74k▼ 67.2%
Net result€8k-€18k▲ 111%€-7k€-83k▼ 1,058%€-105k▼ 25.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €74k in 2024 against €44k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €862k
Fixed assets
€779k▲ 21.9%
Current assets
€83k▲ 95.4%
Key figures and ratios
EBITDA
€-42k▼
2023 · €-14k
Cash flow
€-73k▼
2023 · €-54k
Solvency
-2.5%▲
2023 · -9.1%
Current ratio
0.24▼
2023 · 0.25
Quick ratio
0.24▼
2023 · 0.25
Debt / equity
-41.32▼
2023 · -12.02
ROA
-12.1%▲
2023 · -12.2%
Interest coverage
-1.36▼
2023 · -0.45
Debt
€884k▲
2023 · €744k
Debt ≤ 1 year
€352k▲
2023 · €168k
Debt > 1 year
€529k▼
2023 · €560k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€682k€862k▲
Fixed assets21/28€639k€779k▲
Tangible fixed assets22/27€633k€773k▲
Land and buildings22€535k€513k▼
Plant, machinery and equipment23€29k€27k▼
Furniture and vehicles24€2k€326▼
Assets under construction and advance payments27€67k€233k▲
Financial fixed assets28€6k€6k=
Current assets29/58€43k€83k▲
Amounts receivable within one year40/41€33k€73k▲
Trade receivables40€24k€51k▲
Other amounts receivable41€10k€21k▲
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€682k€862k▲
Equity10/15€-62k€-21k▲
Contributions10/11€3k€148k▲
Profit (loss) carried forward14€-64k€-169k▼
Amounts payable17/49€744k€884k▲
Amounts payable after more than one year17€560k€529k▼
Financial debts170/4€560k€529k▼
Amounts payable within one year42/48€168k€352k▲
Current portion of amounts payable after more than one year42€32k€34k▲
Financial debts43€65-
Credit institutions430/8€65-
Trade debts44€18k€81k▲
Suppliers440/4€18k€81k▲
Other amounts payable47/48€117k€237k▲
Accrued charges and deferred income492/3€15k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€31k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€25k€14k▼
Gross operating margin9900€10k€-25k▼
Operating profit (loss)9901€-44k€-74k▼
Financial charges65/66B€32k€31k▼
Recurring financial charges65€32k€31k▼
Profit (loss) for the period before taxes9903€-76k€-105k▼
Income taxes67/77€8k-
Profit (loss) for the period9904€-83k€-105k▼
Profit (loss) for the period to be appropriated9905€-83k€-105k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€-169k▼
Profit (loss) brought forward from the previous period14P€19k€-64k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-105k
Net result drops to €-105k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2020net €18k ▲111%
Operating result €39k, net result €18k, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Villers-le-Bouillet · 1 establishment unit since 2019
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.
Rue le Marais 124530 Villers-le-BouilletGround area
9,674 m²
Building footprint
1,357 m²
Volume, LiDAR
6,434 m³
Parcel 61068A0577/00W000, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
P&CO Development
since 20192.296.583.678
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61068A0577/00W000 | Wallonia | 9,674 m² | 1 · 1,357 m² | 6.3 m · 2 fl. |
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.
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Of 1,723 companies in sector 52210 we hold annual accounts for 769. 433 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-08-2019
Fiscal year end31-12
Activities, NACEBEL
52210Service activities incidental to land transportation
95316Washing and cleaning of motor vehicles
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.