Equity
€517,320 ▲ 42.1%
P&P Hekwerk paid out €21,335 in dividends. That is 12% of the 2025 profit.
P&P Hekwerk
Lifetime
8 annual accounts with figures on one time axispeak €960,111 (2025)
€960,111▲ 38.1%
lowest -€32,360 (2020)
€174,651▲ 268%
peak €517,320 (2025)
€517,320▲ 42.1%
€1.4m▼ 8.6%
peak 6.8 FTE (2023)
6.8 FTEunchanged
Board1 name since 2022
1 directorAerts Pieter
Documentsfilings and deeds
09-02-2026172 days before the deadline
2025abbreviated format
Gross margin from €695,445 to €960,111Result from €47,477 to €174,651Dividend €21,335Equity from €364,003 to €517,320
Key points
from the 2025 annual accountsResult
€174,651 ▲ 268%
The result rose in 2025 from €47,477 to €174,651.
Turnover
≈ €2.8m estimated
The accounts state no turnover.
Debts
€1.4m 74% of the balance sheet
Financial debts 67%Suppliers 18%Taxes and wages 3%Other 12%
Of this, €476,424 falls due within a year.
Filings
8 annual accounts since 2018
The last five annual accounts were filed 41 to 172 days before the end of the period.
Position in the sector
€174,651
Higher net result than 85% of companies in specialised construction. Sector median €26,643 · 9,942 companies.
Checked score
70
Healthy
Financially stronger than 52% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.3%▼ -0.3 percentage points vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.6%▲ +0.3 percentage points vs 02-2025highest value
04-2025: 1.5%▼ -0.1 percentage points vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.1%▼ -0.4 percentage points vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 0.7%▼ -0.4 percentage points vs 02-2026
04-2026: 0.6%▼ -0.1 percentage points vs 03-2026lowest value
05-2026: 0.6%● unchanged vs 04-2026lowest value
06-2026: 0.6%● unchanged vs 05-2026lowest value
07-2026: 0.6%● unchanged vs 06-2026lowest value
08-2026: 0.6%● unchanged vs 07-2026lowest value
09-2026: 0.6%● unchanged vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 1.38, cash €123,006
lowers risk
Figures for financial year 2025 (filed on 09-02-2026)
Profit of €174,651 (financial year 2025)
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 43, micro). It does better than 28% of them on solvency, 41% on liquidity, 59% on profitability and 80% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as P&P Hekwerk has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of P&P Hekwerk itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for P&P Hekwerk. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.06 in 2024), below the usual 1.5. Short-term debt is 24.4% and cash 6.3% of total assets. 73.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 09-02-2026, 172 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
172 days early
2024
158 days early
2023
45 days early
2022
41 days early
2021
46 days early
2020
44 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 78 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 23 February (3 of the last 3 accounts filed within 114 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit granted
Bouwen of herbouwen, Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies, Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen · Tessenderlo-Ham
Registered office moved from Meerhout to Laakdal
New registered office: Kapelleberg 77, 2430 Laakdal · Previous registered office: Heikant 36, 2450 Meerhout · Gazette deed
Incorporation
published on 09-11-2016 · Gazette deed
First establishment
Industrieweg 104, Tessenderlo-Ham
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| P&P Hekwerk Laakdal | €2.0m | €1.0m | 26.5% | 6.8 |
| H.A.P. Construct Tielt | €2.0m | €1.1m | 63.3% | 6.3 |
| MDS ramen deuren en veranda’s Geraardsbergen | €2.1m | €0.8m | 41.6% | 7.6 |
| INTERIEUR VANESCH Middelkerke | €1.8m | €0.7m | 44.3% | 6.7 |
| VAN OERLE INTERIEUR Merksplas | €1.7m | €0.6m | 35.8% | 6.8 |
| ATELIER DT Kapellen | €1.5m | €1.1m | 45.9% | 5.5 |
| ARTO Malle | €1.4m | €0.9m | 40.7% | 8 |
These companies have the same main activity as P&P Hekwerk: joinery installation (NACE 43320). They are comparable in size and age: total assets between €1.4m and €2.1m, founded between 2015 and 2017.
Official details
Source: KBO- Status
- Active since 07-11-2016Normal situation
- Activity
- Joinery installationNACE 43320and 1 other
- Establishment unit
- 2.259.777.6233980 Tessenderlo-Ham, since 07-11-2016
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €2.0m▲ 1.0%
- Employeeson 31-12-2025
- 8=
- Filing
- Filed on 09-02-2026, 172 days before the end of the filing period
Insights on P&P Hekwerk
P&P Hekwerk files the abbreviated format. That format states no turnover. The gross margin rose from €41,260 in 2018 to €960,111 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about P&P Hekwerk
- What is the company number of P&P Hekwerk?
- The company number of P&P Hekwerk is 0665.800.971. The VAT number is the same number with BE in front: BE 0665.800.971.
- Where is P&P Hekwerk based?
- The registered office is at Kapelleberg 77, 2430 Laakdal.Company details
- What does P&P Hekwerk do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of P&P Hekwerk?
- P&P Hekwerk is a private limited company (BV).
- When was P&P Hekwerk founded?
- P&P Hekwerk was founded on 07-11-2016.
- Is P&P Hekwerk still active?
- Yes, P&P Hekwerk is an active enterprise in the KBO register.
- How many employees does P&P Hekwerk have?
- P&P Hekwerk had an average of 6.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of P&P Hekwerk?
- The turnover in financial year 2025 is ≈ €2.8m. This figure is estimated from the gross margin of €960,111 and 39 comparable companies (NACE 433). It probably lies between €2.1m and €3.5m.
- Is P&P Hekwerk profitable?
- In financial year 2025, P&P Hekwerk made a profit of €174,651.
- Where can I find the annual accounts of P&P Hekwerk?
- P&P Hekwerk filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of P&P Hekwerk due?
- P&P Hekwerk must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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