P & P
ActiveSummary
P & P has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237k and a net result of €10k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+52
Solvency62▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.91 in 2024; short-term debt: 16.5% and cash: 8.9% of total assets), and 62.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.2%
Return on assets
1.6%
Age of the figures
9 mo
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
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
14 d early
2023
9 d early
2022
21 d early
2021
6 d late
2020
16 d late
2019
12 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€237k▲ 4.5%
2024 · €226k
2018: €174klowest in 8 years
2019: €223k▲ +27.8% vs 2018
2020: €301k▲ +34.9% vs 2019
2021: €330k▲ +9.6% vs 2020highest in 8 years
2022: €329k▼ -0.1% vs 2021
2023: €270k▼ -18.0% vs 2022
2024: €226k▼ -16.2% vs 2023
2025: €237k▲ +4.5% vs 2024
2018 → 2025
Total assets
€636k▲ 0.2%
2024 · €634k
2018: €470klowest in 8 years
2019: €537k▲ +14.2% vs 2018
2020: €698k▲ +30.1% vs 2019
2021: €626k▼ -10.4% vs 2020
2022: €829k▲ +32.5% vs 2021highest in 8 years
2023: €703k▼ -15.2% vs 2022
2024: €634k▼ -9.9% vs 2023
2025: €636k▲ +0.2% vs 2024
2018 → 2025
Net result
€10k
2024 · €-44k
2018: €56k
2019: €49k▼ -12.9% vs 2018
2020: €83k▲ +71.8% vs 2019highest in 8 years
2021: €29k▼ -65.3% vs 2020
2022: €-273▼ -101% vs 2021
2023: €-59k▼ -21641% vs 2022lowest in 8 years
2024: €-44k▲ +26.5% vs 2023
2025: €10k▲ +123% vs 2024
2018 → 2025
Working capital
€6k
2024 · €-7k
2018: €161khighest in 8 years
2019: €106k▼ -34.0% vs 2018
2020: €86k▼ -19.1% vs 2019
2021: €85k▼ -1.2% vs 2020
2022: €109k▲ +28.3% vs 2021
2023: €28k▼ -74.0% vs 2022
2024: €-7k▼ -125% vs 2023lowest in 8 years
2025: €6k▲ +179% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€330k-€329k▼ 0.1%€270k▼ 18.0%€226k▼ 16.2%€237k▲ 4.5%
2021: €330khighest in 5 years
2022: €329k▼ -0.1% vs 2021
2023: €270k▼ -18.0% vs 2022
2024: €226k▼ -16.2% vs 2023lowest in 5 years
2025: €237k▲ +4.5% vs 2024
Operating result€48k-€6k▼ 87.2%€-53k€-34k▲ 35.2%€17k
2021: €48khighest in 5 years
2022: €6k▼ -87.2% vs 2021
2023: €-53k▼ -956% vs 2022lowest in 5 years
2024: €-34k▲ +35.2% vs 2023
2025: €17k▲ +151% vs 2024
Net result€29k-€-273€-59k▼ 21,641%€-44k▲ 26.5%€10k
2021: €29khighest in 5 years
2022: €-273▼ -101% vs 2021
2023: €-59k▼ -21641% vs 2022lowest in 5 years
2024: €-44k▲ +26.5% vs 2023
2025: €10k▲ +123% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €34k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €636k
Fixed assets
€526k ▼ 6.9%
Current assets
€110k ▲ 58.4%
Equity and liabilities €636k
Equity
€237k ▲ 4.5%
Debt
€399k ▼ 2.1%
Debt's share of the balance-sheet total falls from 64.3% to 62.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▲
2024 · €10k
Cash flow
€55k▲
2024 · €659
Current ratio
1.05▲
2024 · 0.91
Debt to equity
1.69▼
2024 · 1.80
ROE
4.3%▲
2024 · -19.3%
ROA
1.6%▲
2024 · -6.9%
Interest coverage
8.81▲
2024 · 1.09
Debt ≤ 1 year
€105k▲
2024 · €76k
Debt > 1 year
€294k▼
2024 · €331k
Income taxes
€168▼
2024 · €176
Staff costs
€69k▲
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€634k€636k▲
Fixed assets21/28€565k€526k▼
Tangible fixed assets22/27€565k€526k▼
Land and buildings22€452k€437k▼
Plant, machinery and equipment23€54k€43k▼
Furniture and vehicles24€59k€46k▼
Current assets29/58€69k€110k▲
Amounts receivable within one year40/41€48k€48k▲
Trade receivables40€19k€19k▲
Other amounts receivable41€29k€29k=
Cash at bank and in hand54/58€22k€57k▲
Deferred charges and accrued income490/1€63€6k▲
Equity and liabilities
Total equity and liabilities10/49€634k€636k▲
Equity10/15€226k€237k▲
Contributions10/11€6k€6k=
Reserves13€323k€323k=
Distributable reserves133€323k€323k=
Profit (loss) carried forward14€-102k€-92k▲
Amounts payable17/49€408k€399k▼
Amounts payable after more than one year17€331k€294k▼
Financial debts170/4€331k€294k▼
Amounts payable within one year42/48€76k€105k▲
Current portion of amounts payable after more than one year42€42k€40k▼
Trade debts44€19k€38k▲
Suppliers440/4€19k€38k▲
Taxes, remuneration and social security45€14k€25k▲
Taxes450/3€2k€16k▲
Remuneration and social security454/9€12k€9k▼
Other amounts payable47/48€1k€2k▲
Accrued charges and deferred income492/3-€320
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€66k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€44k▲
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€81k€136k▲
Operating profit (loss)9901€-34k€17k▲
Financial income75/76B€14€37▲
Recurring financial income75€14€37▲
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€-44k€10k▲
Income taxes67/77€176€168▼
Profit (loss) for the period9904€-44k€10k▲
Profit (loss) for the period to be appropriated9905€-44k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-102k€-92k▲
Profit (loss) brought forward from the previous period14P€-59k€-102k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6k | €0 | - | - |
| Remuneration, social security and pensions62 | €53k | €57k | €65k | €66k | €69k | ▲ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €44k | €44k | €44k | €44k | ▲ 0.3% |
| Other operating charges640/8 | €8k | €3k | €12k | €5k | €5k | ▼ 1.9% |
| Non-recurring operating charges66A | - | - | €543 | €0 | - | - |
| Gross operating margin9900 | €145k | €110k | €69k | €81k | €136k | ▲ 68.6% |
| Operating profit (loss)9901 | €48k | €6k | €-53k | €-34k | €17k | ▲ 151% |
| Financial income75/76B | €4k | €6k | €2 | €14 | €37 | ▲ 156% |
| Recurring financial income75 | €4k | €6k | €2 | €14 | €37 | ▲ 156% |
| Financial charges65/66B | €11k | €7k | €7k | €9k | €7k | ▼ 24.9% |
| Recurring financial charges65 | €11k | €7k | €7k | €9k | €7k | ▼ 24.9% |
| Profit (loss) for the period before taxes9903 | €40k | €4k | €-59k | €-44k | €10k | ▲ 124% |
| Income taxes67/77 | €11k | €5k | €198 | €176 | €168 | ▼ 4.8% |
| Profit (loss) for the period9904 | €29k | €-273 | €-59k | €-44k | €10k | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €29k | €-273 | €-59k | €-44k | €10k | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €626k | €829k | €703k | €634k | €636k | ▲ 0.2% |
| Fixed assets21/28 | €491k | €624k | €608k | €565k | €526k | ▼ 6.9% |
| Tangible fixed assets22/27 | €491k | €624k | €608k | €565k | €526k | ▼ 6.9% |
| Land and buildings22 | €332k | €485k | €471k | €452k | €437k | ▼ 3.3% |
| Plant, machinery and equipment23 | €83k | €74k | €63k | €54k | €43k | ▼ 20.6% |
| Furniture and vehicles24 | €75k | €65k | €73k | €59k | €46k | ▼ 21.9% |
| Current assets29/58 | €135k | €205k | €96k | €69k | €110k | ▲ 58.4% |
| Amounts receivable within one year40/41 | €48k | €132k | €85k | €48k | €48k | ▲ 0.5% |
| Trade receivables40 | €30k | €105k | €59k | €19k | €19k | ▲ 1.3% |
| Other amounts receivable41 | €19k | €27k | €27k | €29k | €29k | = |
| Cash at bank and in hand54/58 | €86k | €73k | €10k | €22k | €57k | ▲ 159% |
| Deferred charges and accrued income490/1 | €713 | €213 | €879 | €63 | €6k | ▲ 8,841% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €626k | €829k | €703k | €634k | €636k | ▲ 0.2% |
| Equity10/15 | €330k | €329k | €270k | €226k | €237k | ▲ 4.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €323k | €323k | €323k | €323k | €323k | = |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | €321k | €323k | €323k | €323k | €323k | = |
| Profit (loss) carried forward14 | €982 | €708 | €-59k | €-102k | €-92k | ▲ 10.0% |
| Amounts payable17/49 | €296k | €500k | €433k | €408k | €399k | ▼ 2.1% |
| Amounts payable after more than one year17 | €246k | €404k | €366k | €331k | €294k | ▼ 11.2% |
| Financial debts170/4 | €246k | €404k | €366k | €331k | €294k | ▼ 11.2% |
| Amounts payable within one year42/48 | €50k | €96k | €68k | €76k | €105k | ▲ 36.8% |
| Current portion of amounts payable after more than one year42 | €23k | €44k | €44k | €42k | €40k | ▼ 5.6% |
| Trade debts44 | €9k | €43k | €12k | €19k | €38k | ▲ 96.3% |
| Suppliers440/4 | €9k | €43k | €12k | €19k | €38k | ▲ 96.3% |
| Taxes, remuneration and social security45 | €18k | €9k | €11k | €14k | €25k | ▲ 85.5% |
| Taxes450/3 | €13k | €0 | - | €2k | €16k | ▲ 845% |
| Remuneration and social security454/9 | €6k | €9k | €11k | €12k | €9k | ▼ 20.0% |
| Other amounts payable47/48 | €78 | €78 | €14 | €1k | €2k | ▲ 38.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €320 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €-273 | €-59k | €-44k | €10k | ▲ 123% |
| + Depreciation and write-downs630 | €36k | €44k | €44k | €44k | €44k | ▲ 0.3% |
| Operating cash flow (approximation) | €65k | €44k | €-15k | €659 | €55k | ▲ 8,193% |
| Investment in fixed assets (approximation) | - | €-178k | €-28k | €-1k | €-5k | ▼ 294% |
| Change in cash | - | €-13k | €-64k | €12k | €35k | ▲ 186% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 6 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 16 days late
2020
31-12
Financial
Highest result since 2018net €83k ▲71.8%
Operating result €108k, net result €83k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Equity above €200kEq €223k ▲27.8%
2 profitable years in a row build equity to €223k.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
14-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zottegem · 1 establishment unit since 2013
Ground area
130 m²
Building footprint
90 m²
Volume, LiDAR
642 m³
Parcel 41081A0011/00A000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
P & P
since 20132.216.721.697
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41081A0011/00A000 | Flanders | 130 m² | 1 · 90 m² | 11.5 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 5,105 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
Founded31-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.