P&P
ActiveSummary
P&P has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,020 and a net result of -€1,193. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 1536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-62
Solvency100▲+16
Growth39=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 4.1 against 2.33 in 2024; short-term debt: 23.5% and cash: 12.4% of total assets), and 23.5% of the assets are financed with debt.
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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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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 · 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 2025Solvency, return and age of the figures
Solvency
76.5%
Return on assets
-1.6%
Age of the figures
9 mo
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 27-06-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
1 d early
2023
34 d late
2022
53 d early
2021
60 d early
2020
36 d early
2019
21 d early
← 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 24 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 27 June (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€120,145▼ 31.5%
2020 · €175,325
EBIT margin
-9.1%▼ 24.5pp
2020 · 15.5%
Net result
-€1,193
2024 · €7,923
Working capital
€55,210▼ 0.9%
2024 · €55,687
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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
Turnover€120,145▼ 31.5%
Operating result-€10,878€8,948€40,086▲ 348%€17,626▼ 56.0%-€1,122
Net result-€11,013below the sector's middle half€5,679within the sector's middle half€28,413above the sector's middle half▲ 400%€7,923within the sector's middle half▼ 72.1%-€1,193within the sector's middle half
EBIT margin-9.1%▼ 24.5pp
Equity€17,199within the sector's middle half▼ 39.0%€22,877within the sector's middle half▲ 33.0%€51,290within the sector's middle half▲ 124%€59,213within the sector's middle half▲ 15.4%€58,020within the sector's middle half▼ 2.0%
Total assets€51,967below the sector's middle half▼ 12.4%€70,521below the sector's middle half▲ 35.7%€106,040within the sector's middle half▲ 50.4%€101,014within the sector's middle half▼ 4.7%€75,844within the sector's middle half▼ 24.9%
Debt€34,768▲ 11.7%€47,643▲ 37.0%€54,751▲ 14.9%€41,801▼ 23.7%€17,825▼ 57.4%
Working capital€16,802within the sector's middle half▼ 12.9%€16,680within the sector's middle half▼ 0.7%€49,590within the sector's middle half▲ 197%€55,687within the sector's middle half▲ 12.3%€55,210within the sector's middle half▼ 0.9%
Solvency33.1%within the sector's middle half▼ 14.4pp32.4%within the sector's middle half▼ 0.7pp48.4%within the sector's middle half▲ 15.9pp58.6%within the sector's middle half▲ 10.3pp76.5%above the sector's middle half▲ 17.9pp
Current ratio1.48within the sector's middle half▼ 0.141.35within the sector's middle half▼ 0.131.91within the sector's middle half▲ 0.562.33above the sector's middle half▲ 0.434.10above the sector's middle half▲ 1.77
Return on assets (ROA)-21.2%below the sector's middle half▼ 26.7pp8.1%within the sector's middle half▲ 29.2pp26.8%above the sector's middle half▲ 18.7pp7.8%within the sector's middle half▼ 19.0pp-1.6%within the sector's middle half▼ 9.4pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing 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 turns negative in 2025: a loss of €1,122 after €17,626 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,844
Fixed assets
€2,810 ▼ 20.3%
Current assets
€73,035 ▼ 25.1%
Equity and liabilities €75,844
Equity
€58,020 ▼ 2.0%
Debt
€17,825 ▼ 57.4%
Debt's share of the balance-sheet total falls from 41.4% to 23.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€406▼
2024 · €19,100
Cash flow
-€477▼
2024 · €9,397
Debt to equity
0.31▼
2024 · 0.71
ROE
-2.1%▼
2024 · 13.4%
Interest coverage
-5.71▼
2024 · 544.15
Debt ≤ 1 year
€17,825▼
2024 · €41,801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,910 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €120,145 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €139,832 | €76,666 | €56,779 | - | - | - |
| Remuneration, social security and pensions62 | €175 | - | - | €87 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,536 | €2,986 | €2,986 | €1,473 | €717 | ▼ 51.4% |
| Other operating charges640/8 | €771 | €751 | €1,865 | €451 | €385 | ▼ 14.7% |
| Gross operating margin9900 | -€1,397 | €12,684 | €44,936 | €19,637 | -€21 | ▼ 100% |
| Operating profit (loss)9901 | -€10,878 | €8,948 | €40,086 | €17,626 | -€1,122 | ▼ 106% |
| Financial income75/76B | €27 | - | - | €2 | - | - |
| Recurring financial income75 | €27 | - | - | €2 | - | - |
| Financial charges65/66B | €162 | €179 | €137 | €35 | €71 | ▲ 103% |
| Recurring financial charges65 | €162 | €179 | €137 | €35 | €71 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | -€11,013 | €8,769 | €39,949 | €17,593 | -€1,193 | ▼ 107% |
| Income taxes67/77 | - | €3,090 | €11,536 | €9,670 | - | - |
| Profit (loss) for the period9904 | -€11,013 | €5,679 | €28,413 | €7,923 | -€1,193 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | -€11,013 | €5,679 | €28,413 | €7,923 | -€1,193 | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,967 | €70,521 | €106,040 | €101,014 | €75,844 | ▼ 24.9% |
| Fixed assets21/28 | €397 | €6,198 | €1,700 | €3,527 | €2,810 | ▼ 20.3% |
| Tangible fixed assets22/27 | €397 | €6,198 | €1,700 | €3,527 | €2,810 | ▼ 20.3% |
| Plant, machinery and equipment23 | €397 | €340 | €283 | €227 | €170 | ▼ 25.0% |
| Furniture and vehicles24 | - | €5,858 | €1,417 | €3,300 | €2,640 | ▼ 20.0% |
| Current assets29/58 | €51,570 | €64,323 | €104,340 | €97,487 | €73,035 | ▼ 25.1% |
| Amounts receivable within one year40/41 | €45,216 | €64,323 | €73,630 | €87,012 | €63,628 | ▼ 26.9% |
| Trade receivables40 | €12,803 | €11,322 | €4,235 | €4,235 | €7,502 | ▲ 77.1% |
| Other amounts receivable41 | €32,414 | €53,000 | €69,395 | €82,777 | €56,125 | ▼ 32.2% |
| Current investments50/53 | - | - | €30,710 | €10,475 | - | - |
| Cash at bank and in hand54/58 | €6,354 | - | - | - | €9,407 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,967 | €70,521 | €106,040 | €101,014 | €75,844 | ▼ 24.9% |
| Equity10/15 | €17,199 | €22,877 | €51,290 | €59,213 | €58,020 | ▼ 2.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €3,272 | €3,272 | €3,272 | €11,195 | €11,195 | = |
| Distributable reserves133 | €3,272 | €3,272 | €3,272 | €11,195 | €11,195 | = |
| Profit (loss) carried forward14 | €1,527 | €7,206 | €35,618 | €35,618 | €34,425 | ▼ 3.4% |
| Amounts payable17/49 | €34,768 | €47,643 | €54,751 | €41,801 | €17,825 | ▼ 57.4% |
| Amounts payable within one year42/48 | €34,768 | €47,643 | €54,751 | €41,801 | €17,825 | ▼ 57.4% |
| Trade debts44 | €31,778 | €41,563 | €32,693 | €25,594 | €15,641 | ▼ 38.9% |
| Suppliers440/4 | €31,778 | €41,563 | €32,693 | €25,594 | €15,641 | ▼ 38.9% |
| Taxes, remuneration and social security45 | €2,990 | €6,080 | €22,058 | €16,206 | €2,183 | ▼ 86.5% |
| Taxes450/3 | €2,990 | €6,080 | €22,058 | €16,206 | €2,183 | ▼ 86.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,013 | €5,679 | €28,413 | €7,923 | -€1,193 | ▼ 115% |
| + Depreciation and write-downs630 | €8,536 | €2,986 | €2,986 | €1,473 | €717 | ▼ 51.4% |
| Operating cash flow (approximation) | -€2,478 | €8,664 | €31,398 | €9,397 | -€477 | ▼ 105% |
| Investment in fixed assets (approximation) | - | -€8,787 | €1,512 | -€3,300 | €0 | ▲ 100% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
2023
31-12
Financial
Highest result since 2018net €28,413 ▲400%
Operating result €40,086, net result €28,413, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5,679
Net result €5,679 after one loss-making year.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€11,013
Net result drops to -€11,013, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3,272
Net result €3,272 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.62
Current ratio from 0.73 to 1.62.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 48 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 71 days late
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, Ninove · 1 establishment unit since 2009
Ground area
2,323 m²
Building footprint
470 m²
Volume, LiDAR
3,061 m³
2 parcels, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
P&P
since 20092.178.527.156
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41003A0374/00M002 | Flanders | 2,023 m² | 1 · 340 m² | 10.9 m · 2 fl. |
| 41073B0233/00D000 | Flanders | 300 m² | 1 · 130 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,446 companies in sector 77110 we hold annual accounts for 729. 487 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
Founded12-05-2009
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
77221Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0811666504
Also
9925:BE0811666504
Registered
08-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.