P.E. CONCEPT
ActiveSummary
P.E. CONCEPT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,010 and a net result of €2,215. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+81
Solvency43▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 20%
← 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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
on the day
2023
6 d early
2022
3 d early
2021
26 d early
2020
24 d early
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4,010▲ 123%
2024 · €1,796
Total assets
€22,369▲ 83.6%
2024 · €12,186
Net result
€2,215
2024 · -€8,583
Working capital
-€2,614▼ 92.3%
2024 · -€1,360
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,047▲ 707%€4,343▼ 56.8%-€3,625-€8,645▼ 138%€2,214
Net result€7,579within the sector's middle half▲ 376%€4,892within the sector's middle half▼ 35.5%-€3,623below the sector's middle half-€8,583below the sector's middle half▼ 137%€2,215within the sector's middle half
Equity€9,110below the sector's middle half▲ 495%€14,002below the sector's middle half▲ 53.7%€10,379below the sector's middle half▼ 25.9%€1,796below the sector's middle half▼ 82.7%€4,010below the sector's middle half▲ 123%
Total assets€14,409below the sector's middle half▼ 24.4%€21,846below the sector's middle half▲ 51.6%€24,255below the sector's middle half▲ 11.0%€12,186below the sector's middle half▼ 49.8%€22,369below the sector's middle half▲ 83.6%
Debt€5,299▼ 69.8%€7,844▲ 48.0%€13,876▲ 76.9%€10,390▼ 25.1%€18,359▲ 76.7%
Working capital€4,254€10,780▲ 153%€7,980▼ 26.0%-€1,360-€2,614▼ 92.3%
Solvency63.2%within the sector's middle half▲ 55.2pp64.1%within the sector's middle half▲ 0.9pp42.8%within the sector's middle half▼ 21.3pp14.7%below the sector's middle half▼ 28.1pp17.9%below the sector's middle half▲ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,214 after a loss of €8,645 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22,369
Fixed assets
€6,624 ▲ 110%
Current assets
€15,745 ▲ 74.3%
Equity and liabilities €22,369
Equity
€4,010 ▲ 123%
Debt
€18,359 ▲ 76.7%
Debt's share of the balance-sheet total falls from 85.3% to 82.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,816▲
2024 · -€7,503
Cash flow
€3,817▲
2024 · -€7,441
Current ratio
0.86▼
2024 · 0.87
Quick ratio
0.76▲
2024 · 0.62
Debt to equity
4.58▼
2024 · 5.79
ROE
55.2%▲
2024 · -478.0%
ROA
9.9%▲
2024 · -70.4%
Interest coverage
15900.08▲
2024 · -574.95
Debt ≤ 1 year
€18,359▲
2024 · €10,390
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,637 | €1,634 | €1,613 | €1,142 | €1,602 | ▲ 40.3% |
| Other operating charges640/8 | €989 | €1,069 | €798 | €5,746 | €896 | ▼ 84.4% |
| Gross operating margin9900 | €15,674 | €7,045 | -€1,214 | -€1,757 | €4,712 | ▲ 368% |
| Operating profit (loss)9901 | €10,047 | €4,343 | -€3,625 | -€8,645 | €2,214 | ▲ 126% |
| Financial income75/76B | €11 | €550 | €2 | €75 | €1 | ▼ 98.6% |
| Recurring financial income75 | €11 | €550 | €2 | €75 | €1 | ▼ 98.6% |
| Financial charges65/66B | €2,479 | €1 | €0 | €13 | €0 | ▼ 98.2% |
| Recurring financial charges65 | €2,479 | €1 | €0 | €13 | €0 | ▼ 98.2% |
| Profit (loss) for the period before taxes9903 | €7,579 | €4,892 | -€3,623 | -€8,583 | €2,215 | ▲ 126% |
| Profit (loss) for the period9904 | €7,579 | €4,892 | -€3,623 | -€8,583 | €2,215 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €7,579 | €4,892 | -€3,623 | -€8,583 | €2,215 | ▲ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,409 | €21,846 | €24,255 | €12,186 | €22,369 | ▲ 83.6% |
| Fixed assets21/28 | €5,006 | €3,372 | €2,399 | €3,155 | €6,624 | ▲ 110% |
| Tangible fixed assets22/27 | €5,006 | €3,372 | €1,759 | €2,515 | €5,984 | ▲ 138% |
| Plant, machinery and equipment23 | €5,006 | €3,372 | €1,759 | €2,515 | €4,118 | ▲ 63.7% |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €1,867 | - |
| Financial fixed assets28 | - | - | €640 | €640 | €640 | = |
| Current assets29/58 | €9,403 | €18,474 | €21,856 | €9,031 | €15,745 | ▲ 74.3% |
| Stocks and contracts in progress3 | €2,586 | €2,991 | €2,944 | €2,633 | €1,736 | ▼ 34.1% |
| Stocks30/36 | €2,586 | €2,991 | €2,944 | €2,633 | €1,736 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €579 | €2,882 | €10,745 | €4,918 | €11,400 | ▲ 132% |
| Trade receivables40 | €579 | €1,838 | €10,091 | €4,618 | €11,400 | ▲ 147% |
| Other amounts receivable41 | €0 | €1,045 | €654 | €300 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €5,695 | €11,984 | €8,168 | €1,480 | €1,781 | ▲ 20.4% |
| Deferred charges and accrued income490/1 | €542 | €617 | €0 | - | €828 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,409 | €21,846 | €24,255 | €12,186 | €22,369 | ▲ 83.6% |
| Equity10/15 | €9,110 | €14,002 | €10,379 | €1,796 | €4,010 | ▲ 123% |
| Contributions10/11 | €98,600 | €98,600 | €98,600 | €98,600 | €98,600 | = |
| Reserves13 | €16 | €16 | €16 | €16 | €16 | = |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €16 | €16 | €16 | €16 | €16 | = |
| Profit (loss) carried forward14 | -€89,506 | -€84,614 | -€88,237 | -€96,820 | -€94,606 | ▲ 2.3% |
| Amounts payable17/49 | €5,299 | €7,844 | €13,876 | €10,390 | €18,359 | ▲ 76.7% |
| Amounts payable within one year42/48 | €5,149 | €7,694 | €13,876 | €10,390 | €18,359 | ▲ 76.7% |
| Trade debts44 | €308 | €252 | €327 | €491 | €916 | ▲ 86.6% |
| Suppliers440/4 | €308 | €252 | €327 | €491 | €916 | ▲ 86.6% |
| Taxes, remuneration and social security45 | €238 | €38 | €817 | €817 | €1,794 | ▲ 120% |
| Taxes450/3 | €238 | €38 | €817 | €817 | €1,794 | ▲ 120% |
| Other amounts payable47/48 | €4,603 | €7,403 | €12,733 | €9,083 | €15,649 | ▲ 72.3% |
| Accrued charges and deferred income492/3 | €150 | €150 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,579 | €4,892 | -€3,623 | -€8,583 | €2,215 | ▲ 126% |
| + Depreciation and write-downs630 | €4,637 | €1,634 | €1,613 | €1,142 | €1,602 | ▲ 40.3% |
| Operating cash flow (approximation) | €12,217 | €6,526 | -€2,010 | -€7,441 | €3,817 | ▲ 151% |
| Investment in fixed assets (approximation) | - | €0 | -€640 | -€1,898 | -€5,071 | ▼ 167% |
| Change in cash | - | €6,289 | -€3,816 | -€6,688 | €302 | ▲ 105% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,215
Net result €2,215 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€8,583
Net result drops to -€8,583, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 1.83
Current ratio from 0.62 to 1.83; short-term debt falls from €17,139 to €5,149.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,593
Net result €1,593 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 2003
Ground area
244 m²
Building footprint
143 m²
Volume, LiDAR
744 m³
Parcel 44038A0745/00D000, Flanders · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Leentjes Creaties
since 20032.134.324.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0745/00D000 | Flanders | 244 m² | 1 · 143 m² | 10.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 7,868 companies in sector 43341 we hold annual accounts for 2,666. 1,004 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43350Other building finishing work
47526Retail trade
47530Retail trade
47552Retail sale of lighting equipment
47621Retail sale of newspapers and periodicals
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861804121
Registered
05-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.