PDLC
ActiveSummary
PDLC has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €14k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-10
Solvency80▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 2.44 in 2024; short-term debt: 44.6% and cash: 7.4% of total assets), and 44.6% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
55.4%
Return on assets
17.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
31 d late
2023
22 d late
2022
21 d late
2021
22 d late
2020
17 d late
2019
19 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
€46k▲ 32.0%
2024 · €35k
Total assets
€82k▲ 41.8%
2024 · €58k
Net result
€14k▼ 26.2%
2024 · €19k
Working capital
€46k▲ 34.4%
2024 · €34k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10k▲ 22.2%€-4k€-2k▲ 59.4%€29k€23k▼ 23.5%
Net result€5k▲ 45.3%€-5k€-4k▲ 22.6%€19k€14k▼ 26.2%
Equity€25k▲ 22.0%€20k▼ 20.0%€16k▼ 19.4%€35k▲ 112%€46k▲ 32.0%
Total assets€50k▲ 7.2%€47k▼ 6.1%€42k▼ 9.7%€58k▲ 37.5%€82k▲ 41.8%
Debt€25k▼ 4.7%€27k▲ 8.1%€26k▼ 2.4%€24k▼ 9.4%€37k▲ 56.1%
Working capital€22k▲ 83.2%€18k▼ 19.3%€15k▼ 17.6%€34k▲ 128%€46k▲ 34.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€88 ▼ 87.0%
Current assets
€82k ▲ 43.3%
Equity and liabilities €82k
Equity
€46k ▲ 32.0%
Debt
€37k ▲ 56.1%
Debt's share of the balance-sheet total rises from 40.5% to 44.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23k▼
2024 · €30k
Cash flow
€15k▼
2024 · €20k
Current ratio
2.24▼
2024 · 2.44
Quick ratio
2.18▼
2024 · 2.39
Debt to equity
0.80▲
2024 · 0.68
ROE
30.9%▼
2024 · 55.2%
ROA
17.1%▼
2024 · 32.8%
Interest coverage
16.45▼
2024 · 17.08
Debt ≤ 1 year
€37k▲
2024 · €24k
Income taxes
€8k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €745 | €740 | €740 | €518 | ▼ 30.1% |
| Other operating charges640/8 | €1k | €2k | €2k | €2k | €2k | ▼ 29.0% |
| Non-recurring operating charges66A | - | - | - | - | €68 | - |
| Gross operating margin9900 | €18k | €-1k | €667 | €32k | €25k | ▼ 23.8% |
| Operating profit (loss)9901 | €10k | €-4k | €-2k | €29k | €23k | ▼ 23.5% |
| Financial income75/76B | €213 | €74 | €4 | €1k | €672 | ▼ 34.3% |
| Recurring financial income75 | €213 | €74 | €4 | €1k | €672 | ▼ 34.3% |
| Financial charges65/66B | €740 | €883 | €2k | €2k | €1k | ▼ 20.8% |
| Recurring financial charges65 | €740 | €883 | €2k | €2k | €1k | ▼ 20.8% |
| Profit (loss) for the period before taxes9903 | €9k | €-5k | €-4k | €29k | €22k | ▼ 24.1% |
| Income taxes67/77 | €4k | €353 | €157 | €10k | €8k | ▼ 20.0% |
| Profit (loss) for the period9904 | €5k | €-5k | €-4k | €19k | €14k | ▼ 26.2% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-5k | €-4k | €19k | €14k | ▼ 26.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50k | €47k | €42k | €58k | €82k | ▲ 41.8% |
| Fixed assets21/28 | €3k | €2k | €1k | €673 | €88 | ▼ 87.0% |
| Tangible fixed assets22/27 | €3k | €2k | €1k | €673 | €88 | ▼ 87.0% |
| Plant, machinery and equipment23 | - | €1k | €936 | €221 | €24 | ▼ 89.1% |
| Furniture and vehicles24 | €3k | €735 | €478 | €452 | €63 | ▼ 85.9% |
| Current assets29/58 | €47k | €45k | €41k | €57k | €82k | ▲ 43.3% |
| Stocks and contracts in progress3 | €4k | €3k | €3k | €1k | €2k | ▲ 79.6% |
| Stocks30/36 | €4k | €3k | €3k | €1k | €2k | ▲ 79.6% |
| Amounts receivable within one year40/41 | €18k | €18k | €25k | €26k | €15k | ▼ 42.7% |
| Trade receivables40 | €16k | €9k | €15k | €14k | €4k | ▼ 71.7% |
| Other amounts receivable41 | €2k | €9k | €9k | €12k | €11k | ▼ 9.2% |
| Current investments50/53 | - | - | - | - | €57k | - |
| Cash at bank and in hand54/58 | €26k | €17k | €9k | €27k | €6k | ▼ 77.7% |
| Deferred charges and accrued income490/1 | - | €6k | €4k | €3k | €2k | ▼ 28.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50k | €47k | €42k | €58k | €82k | ▲ 41.8% |
| Equity10/15 | €25k | €20k | €16k | €35k | €46k | ▲ 32.0% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €13k | €8k | €8k | €22k | €33k | ▲ 50.0% |
| Non-distributable reserves130/1 | €239 | €239 | €239 | €239 | - | - |
| Reserves not available under the articles1311 | €239 | €239 | €239 | €239 | - | - |
| Distributable reserves133 | €13k | €8k | €8k | €22k | €33k | ▲ 51.6% |
| Profit (loss) carried forward14 | - | - | €-4k | - | €0 | - |
| Amounts payable17/49 | €25k | €27k | €26k | €24k | €37k | ▲ 56.1% |
| Amounts payable within one year42/48 | €25k | €27k | €26k | €24k | €37k | ▲ 56.1% |
| Trade debts44 | €15k | €22k | €25k | €17k | €17k | ▼ 2.1% |
| Suppliers440/4 | €15k | €22k | €25k | €17k | €17k | ▼ 2.1% |
| Taxes, remuneration and social security45 | €8k | €4k | €474 | €6k | €17k | ▲ 203% |
| Taxes450/3 | €8k | €4k | €474 | €6k | €17k | ▲ 203% |
| Other amounts payable47/48 | €1k | - | - | €800 | €3k | ▲ 277% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-5k | €-4k | €19k | €14k | ▼ 26.2% |
| + Depreciation and write-downs630 | €7k | €745 | €740 | €740 | €518 | ▼ 30.1% |
| Operating cash flow (approximation) | €12k | €-4k | €-3k | €20k | €15k | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €68 | - |
| Change in cash | - | €-8k | €-9k | €19k | €-21k | ▼ 213% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Roeselare · 1 establishment unit since 2012
Ground area
1,450 m²
Building footprint
442 m²
Volume, LiDAR
2,077 m³
2 parcels, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PDLC
since 20122.210.213.888
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B1252/00E000 | Flanders | 1,035 m² | 1 · 230 m² | 6.3 m · 1 fl. |
| 36503C0952/00X002 | Flanders | 415 m² | 1 · 212 m² | 11.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 179 EUR awarded · 179 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 179 EUR | 179 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,149 companies in sector 46190 we hold annual accounts for 2,570. 1,903 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 (pre-2019)
Founded01-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
43350Other building finishing work
Contact
E-mail
piet@delrue.netRoeselare
Phone
051/ 69 35 94Roeselare
Scores and ratios are computed by Checked and are not a credit decision.