Losses
-€68,783 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2024 was the heaviest.
P & P TRADE
Lifetime
17 annual accounts with figures on one time axispeak €90,087 (2009)
€15,747▲ 129%
lowest -€18,800 (2024)
-€11,482▲ €7,318
peak €466,725 (2021)
€433,122▼ 2.6%
€24,165▼ 36.3%
Board4 names since 2021
1 directorLuc Simon
Documentsfilings and deeds
11-12-202520 days before the deadline
2025micro format
Gross margin from €6,868 to €15,747Loss of €11,482Debts from €37,959 to €24,165Cash from €56,857 to €20,237
Key points
from the 2025 annual accountsBoard
2 joined · 1 left
Board changed. Latest change 30-01-2026 · 2 in office.
Position in the sector
94.7%
Higher solvency than 94% of companies in wholesale trade. Sector median 40.4% · 13,805 companies.
Checked score
93
Excellent
Financially stronger than 58% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.2%▲ +0.1 percentage points vs 11-2025highest value
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €11,482, the second in a row (financial year 2025)
lowers risk
Founded in 2007
Equity €433,122 (94.7% of total assets)
Size: total assets €457,288
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 46, micro). It does better than 90% of them on solvency, 61% on liquidity, 48% on profitability and 35% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-05-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 2,686 companies had the same profile as P & P TRADE has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of P & P TRADE itself: 0.1% 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 2,686 companies, not a prediction for P & P TRADE. 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 €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.23 (4.29 in 2024), above the usual 1.5. Short-term debt is 3.2% and cash 4.4% of total assets. 5.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€11,482
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 11-12-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 days early
2024
27 days early
2023
34 days early
2022
33 days early
2021
17 days early
2020
36 days early
2019
6 days late
← 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 23 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-05-2026 is due by 31-12-2026. Nothing is late today. The company usually files around 4 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
31-05-2026 year end10-11-2026 today31-12-2026 deadline
Board and ownership
- Inge Deceuninck 17 sharesdeed of 18-09-2026
- Matthias Simondeed of 18-09-2026
- Michiel Simondeed of 18-09-2026
Recent changes
Inge Deceuninck holds 17 shares
Inge Deceuninck holds 305 shares · Matthias Simon is a shareholder · Michiel Simon is a shareholder · General meeting of 28-08-2026 · Gazette deed
2 directors appointed, 1 resignation
Transfer of shares from Luc Simon · Resignation: Luc Simon (director) · Appointments: Michiel Simon (director) and Sophia Simon (director) · General meeting of 31-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0893369703
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| P & P TRADE Ninove | €457,288 | €15,747 | 94.7% | - |
| BEKAERT B. GREEN Oudenaarde | €669,940 | €23,661 | 53.3% | - |
| SENSICO Lokeren | €540,538 | €45,575 | 95.9% | - |
| REXELL & COMPAGNIE Nivelles | €540,867 | €36,417 | 37.5% | - |
| Delino Belgium Damme | €372,104 | €9,048 | 93.9% | - |
| SANIMAX Quaregnon | €295,017 | €26,549 | 47.9% | - |
| Sanicop Services Manage | €189,166 | €8,108 | 39.6% | - |
These companies have the same main activity as P & P TRADE: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €189,000 and €670,000, founded between 1997 and 2012.
Official details
Source: KBO- Status
- Active since 12-11-2007Normal situation
- Activity
- Wholesale tradeNACE 46842and 2 others
- Establishment unit
- 2.167.713.0421570 Pajottegem, since 01-11-2007
- Financial year end
- 31 May
- Peppol
- Reachable since 14-09-2025
Annual accounts to 31-05-2025
- ≈ €200,000estimated
- €457,288▼ 5.2%
- Filing
- Filed on 11-12-2025, 20 days before the end of the filing period
Insights on P & P TRADE
P & P TRADE files the micro format. That format states no turnover. The gross margin fell from €90,087 in 2009 to €15,747 in 2025.
The balance sheet grew most from 2011 to 2013 through fixed assets.
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 TRADE
- What is the company number of P & P TRADE?
- The company number of P & P TRADE is 0893.369.703. The VAT number is the same number with BE in front: BE 0893.369.703.
- Where is P & P TRADE based?
- The registered office is at Brusselsesteenweg 301, 9402 Ninove.Company details
- What does P & P TRADE do?
- According to the KBO register, the main activity is wholesale trade (NACE 46842).
- What is the legal form of P & P TRADE?
- P & P TRADE is a private limited company (BV).
- When was P & P TRADE founded?
- P & P TRADE was founded on 12-11-2007.
- Is P & P TRADE still active?
- Yes, P & P TRADE is an active enterprise in the KBO register.
- What is the turnover of P & P TRADE?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €15,747 and 211 comparable companies (NACE 46). It probably lies between €95,000 and €500,000. It is a rough estimate.Financials
- Is P & P TRADE profitable?
- In financial year 2025, P & P TRADE made a loss of €11,482.
- Where can I find the annual accounts of P & P TRADE?
- P & P TRADE filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of P & P TRADE due?
- P & P TRADE must file the annual accounts for financial year 2026 by 31-12-2026.Timeline
Next steps
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