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P&CO Development

Active
Private limited companyfounded 2019active for 7 yearsRue le Marais 12, 4530 Villers-le-Bouillet, BelgiumKBO/BCE: BE 0732.621.402
Summary

The computed 12-month bankruptcy probability of P&CO Development is 2.3% (moderate). The 2025 annual accounts show negative equity (-€205,499) and a net result of -€184,116. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 9% of 889 sector peers (NACE 52, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 14-08-2019 Normal situation
Activity
Service activities incidental to land transportation NACE 52210and 2 others
Establishment unit
2.296.583.678 4530 Villers-le-Bouillet, since 14-08-2019
Financial year end
31 December
Peppol
Reachable since 01-12-2025

Board and ownership

Board
  • BREUGELMANS VirginieDirector · since 14-08-2019
  • P&CO MANAGEMENT SARLDirector · since 14-08-2019

Financial position

51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.3%
Annual accounts 2025
Gross margin
-€74,302
▼ 201%
Loss
€184,116
▲ 76.1%
Equity
-€205,499
▼ 861%
Total assets
€3.2m
▲ 274%
  • Negative equity on 31-12-2025
  • 2025 accounts filed 61 days after the deadline
Turnover not published (abbreviated or micro format)
Filed on 30-09-2026
Score breakdownraises riskSector: Warehousing and support activities for transportation (NACE 52)Last filed accounts filed 61 days late; 2 of the last 3 accounts lateNegative equity -€205,499lowers riskSize: total assets €3.2mShow the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 20% of small companies in warehousing and transport support (NACE 52)
Financial strength · tick: 2024
Weak
Solvency 19-4
equity -6.4% of total assets
Liquidity 51+19
short-term debt 9.3% · cash 0.5%
Profitability 12+8
return on assets -5.7%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (596 companies, NACE 52, small)
Last 24 months 12-2024: 5.1% 01-2025: 5.1%● unchanged vs 12-2024 02-2025: 5.1%● unchanged vs 01-2025 03-2025: 5.1%● unchanged vs 02-2025 04-2025: 5.1%● unchanged vs 03-2025 05-2025: 5.0%▼ -0.1 percentage points vs 04-2025 06-2025: 5.2%▲ +0.2 percentage points vs 05-2025highest value 07-2025: 5.1%▼ -0.1 percentage points vs 06-2025 08-2025: 3.8%▼ -1.3 percentage points vs 07-2025 09-2025: 3.8%● unchanged vs 08-2025 10-2025: 3.8%● unchanged vs 09-2025 11-2025: 3.3%▼ -0.5 percentage points vs 10-2025 12-2025: 3.3%● unchanged vs 11-2025 01-2026: 3.3%● unchanged vs 12-2025 02-2026: 3.3%● unchanged vs 01-2026 03-2026: 3.3%● unchanged vs 02-2026 04-2026: 3.3%● unchanged vs 03-2026 05-2026: 3.3%● unchanged vs 04-2026 06-2026: 3.3%● unchanged vs 05-2026 07-2026: 3.4%▲ +0.1 percentage points vs 06-2026 08-2026: 4.1%▲ +0.7 percentage points vs 07-2026 09-2026: 4.1%● unchanged vs 08-2026 10-2026: 2.3%▼ -1.8 percentage points vs 09-2026lowest value 11-2026: 2.3%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is ample, with a current ratio of 2.04 (0.24 in 2024), above the usual 1.5. Short-term debt is 9.3% and cash 0.5% of total assets. However, equity is negative.
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 52, small). It does better than 7% of them on solvency, 62% on liquidity, 10% on profitability and 1% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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

Six signals.
lowers riskraises risk
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
lowers risk · Size: total assets €3.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 61 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Negative equity -€205,499
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€205,499
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 · 6 filings
Deviation from the deadline
2025
61 days late
2024
3 days early
2023
61 days late
2022
1 day early
2021
31 days late
2020
122 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 45 days after the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% 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 31 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€205,499 View
  • Risk: 4 loss-making years in a rowloss in financial year 2025 -€184,116 View
  • Caution: Equity fell in 2025from -€21,383 to -€205,499 ▼ 861% View
  • Caution: Less equity than 95% of companies in warehousing and transport supportsector median €295,967 · 888 companies -€205,499 View

Recent changes

  1. · Gazette deed Incorporation
All 10 events

Comparable companies

These companies have the same main activity as P&CO Development: service activities incidental to land transportation (NACE 52210). They are comparable in size and age: total assets between €541,000 and €8.4m, founded between 2002 and 2022.

CompanyTotal assetsGross margin
P&CO Development Villers-le-Bouillet€3.2m-€0.07m
North-Link Agencies Evergem€2.8m-€0.02m
Parking Alexianenweg Bilzen-Hoeselt€2.1m-€0.005m
SPI127 Antwerpen€2.7m€0.005m
WH SNELWEG LOGISTIC Wijnegem€0.5m-€0.07m
Autonoom Gemeentebedrijf Maaseik Maaseik€8.4m-€0.05m
BUSINESS GLOBAL Liège€1.1m€0.001m
Full comparison

Key facts about P&CO Development

What is the company number of P&CO Development?
The company number of P&CO Development is 0732.621.402. The VAT number is the same number with BE in front: BE 0732.621.402.
Where is P&CO Development based?
The registered office is at Rue le Marais 12, 4530 Villers-le-Bouillet.Company details
What does P&CO Development do?
According to the KBO register, the main activity is service activities incidental to land transportation (NACE 52210).
What is the legal form of P&CO Development?
The legal form of P&CO Development is Private limited company (BV).
When was P&CO Development founded?
P&CO Development was founded on 14-08-2019.
Is P&CO Development still active?
Yes, P&CO Development is an active enterprise in the KBO register.
What is the turnover of P&CO Development?
The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
Is P&CO Development profitable?
In financial year 2025, P&CO Development made a loss of €184,116.
Where can I find the annual accounts of P&CO Development?
P&CO Development filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of P&CO Development due?
P&CO Development must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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