PDP
ActiveSummary
The computed 12-month bankruptcy probability of PDP is 2.3% (moderate). The 2025 annual accounts show equity of €164k and a net result of €-15k. Equity is growing by ~63.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-47
Solvency53▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.82 in 2024; short-term debt: 11.1% and cash: 4% of total assets), but 72.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
9 d early
2024
on the day
2023
28 d early
2022
44 d early
2021
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€164k▼ 8.5%
2024 · €180k
2021: €27klowest in 5 years
2022: €50k▲ +85.4% vs 2021
2023: €79k▲ +57.0% vs 2022
2024: €180k▲ +127% vs 2023highest in 5 years
2025: €164k▼ -8.5% vs 2024
2021 → 2025
Total assets
€597k▼ 23.4%
2024 · €779k
2021: €87klowest in 5 years
2022: €138k▲ +59.3% vs 2021
2023: €181k▲ +31.6% vs 2022
2024: €779k▲ +329% vs 2023highest in 5 years
2025: €597k▼ -23.4% vs 2024
2021 → 2025
Net result
€-15k
2024 · €100k
2021: €18k
2022: €24k▲ +33.5% vs 2021
2023: €30k▲ +23.0% vs 2022
2024: €100k▲ +239% vs 2023highest in 5 years
2025: €-15k▼ -115% vs 2024lowest in 5 years
2021 → 2025
Working capital
€51k▼ 76.8%
2024 · €220k
2021: €17klowest in 5 years
2022: €68k▲ +298% vs 2021
2023: €120k▲ +75.3% vs 2022
2024: €220k▲ +83.6% vs 2023highest in 5 years
2025: €51k▼ -76.8% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€50k▲ 85.4%€79k▲ 57.0%€180k▲ 127%€164k▼ 8.5%
2021: €27klowest in 5 years
2022: €50k▲ +85.4% vs 2021
2023: €79k▲ +57.0% vs 2022
2024: €180k▲ +127% vs 2023highest in 5 years
2025: €164k▼ -8.5% vs 2024
Operating result€29k-€38k▲ 33.2%€47k▲ 22.8%€138k▲ 193%€-6k
2021: €29k
2022: €38k▲ +33.2% vs 2021
2023: €47k▲ +22.8% vs 2022
2024: €138k▲ +193% vs 2023highest in 5 years
2025: €-6k▼ -104% vs 2024lowest in 5 years
Net result€18k-€24k▲ 33.5%€30k▲ 23.0%€100k▲ 239%€-15k
2021: €18k
2022: €24k▲ +33.5% vs 2021
2023: €30k▲ +23.0% vs 2022
2024: €100k▲ +239% vs 2023highest in 5 years
2025: €-15k▼ -115% vs 2024lowest in 5 years
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 €6k after €138k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €597k
Fixed assets
€480k ▲ 65.6%
Current assets
€117k ▼ 76.1%
Equity and liabilities €597k
Equity
€164k ▼ 8.5%
Debt
€432k ▼ 27.9%
Debt's share of the balance-sheet total falls from 77.0% to 72.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€23k▼
2024 · €157k
Cash flow
€14k▼
2024 · €119k
Current ratio
1.77▼
2024 · 1.82
Quick ratio
1.70▼
2024 · 1.80
Debt to equity
2.63▼
2024 · 3.34
ROE
-9.3%▼
2024 · 55.9%
ROA
-2.6%▼
2024 · 12.9%
Interest coverage
2.64▼
2024 · 19.24
Debt ≤ 1 year
€66k▼
2024 · €270k
Debt > 1 year
€366k▲
2024 · €328k
Income taxes
€690▼
2024 · €29k
Staff costs
€0▼
2024 · €250
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€779k€597k▼
Fixed assets21/28€290k€480k▲
Tangible fixed assets22/27€290k€480k▲
Land and buildings22€266k€375k▲
Plant, machinery and equipment23€7k€16k▲
Furniture and vehicles24€17k€89k▲
Current assets29/58€490k€117k▼
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€269k€88k▼
Trade receivables40€229k€66k▼
Other amounts receivable41€41k€22k▼
Cash at bank and in hand54/58€216k€24k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€779k€597k▼
Equity10/15€180k€164k▼
Contributions10/11€10k€10k=
Reserves13€69k€69k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€100k€85k▼
Amounts payable17/49€600k€432k▼
Amounts payable after more than one year17€328k€366k▲
Financial debts170/4€328k€366k▲
Amounts payable within one year42/48€270k€66k▼
Current portion of amounts payable after more than one year42€15k€29k▲
Trade debts44€230k€17k▼
Suppliers440/4€230k€17k▼
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€6k€0▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€16k€17k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€250€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€29k▲
Other operating charges640/8€38k€3k▼
Gross operating margin9900€195k€26k▼
Operating profit (loss)9901€138k€-6k▼
Financial income75/76B€161€65▼
Recurring financial income75€161€65▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€130k€-15k▼
Income taxes67/77€29k€690▼
Profit (loss) for the period9904€100k€-15k▼
Profit (loss) for the period to be appropriated9905€100k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€100k€85k▼
Profit (loss) brought forward from the previous period14P-€100k
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €250 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €7k | €7k | €19k | €29k | ▲ 53.3% |
| Other operating charges640/8 | €2k | €1k | €1k | €38k | €3k | ▼ 93.2% |
| Gross operating margin9900 | €34k | €47k | €56k | €195k | €26k | ▼ 86.7% |
| Operating profit (loss)9901 | €29k | €38k | €47k | €138k | €-6k | ▼ 104% |
| Financial income75/76B | €1 | €159 | €503 | €161 | €65 | ▼ 59.7% |
| Recurring financial income75 | €1 | €159 | €503 | €161 | €65 | ▼ 59.7% |
| Financial charges65/66B | €1k | €3k | €4k | €8k | €9k | ▲ 8.4% |
| Recurring financial charges65 | €1k | €3k | €4k | €8k | €9k | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | €27k | €36k | €44k | €130k | €-15k | ▼ 111% |
| Income taxes67/77 | €9k | €12k | €14k | €29k | €690 | ▼ 97.6% |
| Profit (loss) for the period9904 | €18k | €24k | €30k | €100k | €-15k | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €18k | €24k | €30k | €100k | €-15k | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87k | €138k | €181k | €779k | €597k | ▼ 23.4% |
| Fixed assets21/28 | €30k | €25k | €21k | €290k | €480k | ▲ 65.6% |
| Tangible fixed assets22/27 | €30k | €25k | €21k | €290k | €480k | ▲ 65.6% |
| Land and buildings22 | - | - | - | €266k | €375k | ▲ 41.0% |
| Plant, machinery and equipment23 | €374 | €2k | €1k | €7k | €16k | ▲ 135% |
| Furniture and vehicles24 | €30k | €23k | €20k | €17k | €89k | ▲ 421% |
| Current assets29/58 | €56k | €113k | €160k | €490k | €117k | ▼ 76.1% |
| Stocks and contracts in progress3 | - | - | €36k | €5k | €5k | = |
| Stocks30/36 | - | - | €36k | €5k | €5k | = |
| Amounts receivable within one year40/41 | €20k | €51k | €76k | €269k | €88k | ▼ 67.1% |
| Trade receivables40 | €13k | €47k | €68k | €229k | €66k | ▼ 71.0% |
| Other amounts receivable41 | €7k | €4k | €8k | €41k | €22k | ▼ 45.3% |
| Cash at bank and in hand54/58 | €34k | €60k | €46k | €216k | €24k | ▼ 88.8% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87k | €138k | €181k | €779k | €597k | ▼ 23.4% |
| Equity10/15 | €27k | €50k | €79k | €180k | €164k | ▼ 8.5% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | €17k | €40k | €69k | €69k | €69k | = |
| Distributable reserves133 | €17k | €40k | €69k | €69k | €69k | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €100k | €85k | ▼ 15.3% |
| Amounts payable17/49 | €59k | €87k | €102k | €600k | €432k | ▼ 27.9% |
| Amounts payable after more than one year17 | €20k | €42k | €59k | €328k | €366k | ▲ 11.8% |
| Financial debts170/4 | €20k | €15k | €9k | €328k | €366k | ▲ 11.8% |
| Other amounts payable178/9 | - | €27k | €50k | - | - | - |
| Amounts payable within one year42/48 | €39k | €44k | €40k | €270k | €66k | ▼ 75.5% |
| Current portion of amounts payable after more than one year42 | €5k | €6k | €6k | €15k | €29k | ▲ 89.6% |
| Trade debts44 | €2k | €1k | €7k | €230k | €17k | ▼ 92.5% |
| Suppliers440/4 | €2k | €1k | €7k | €230k | €17k | ▼ 92.5% |
| Taxes, remuneration and social security45 | €9k | €7k | €4k | €8k | €2k | ▼ 71.9% |
| Taxes450/3 | €9k | €7k | €4k | €6k | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €2k | €2k | ▲ 1.0% |
| Other amounts payable47/48 | €22k | €31k | €23k | €16k | €17k | ▲ 8.1% |
| Accrued charges and deferred income492/3 | - | €1k | €2k | €2k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €24k | €30k | €100k | €-15k | ▼ 115% |
| + Depreciation and write-downs630 | €3k | €7k | €7k | €19k | €29k | ▲ 53.3% |
| Operating cash flow (approximation) | €21k | €31k | €37k | €119k | €14k | ▼ 88.4% |
| Investment in fixed assets (approximation) | - | €-2k | €-4k | €-287k | €-219k | ▲ 23.7% |
| Change in cash | - | €26k | €-14k | €170k | €-192k | ▼ 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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2021net €100k ▲239%
Operating result €138k, net result €100k, both a record.
30-09
Financial
Equity above €150kEq €180k ▲127%
4 profitable years in a row build equity to €180k.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Merelbeke-Melle · 1 establishment unit since 2020
Ground area
184 m²
Building footprint
177 m²
Volume, LiDAR
1,367 m³
Parcel 44043A0161/00V007, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PDP
since 20202.306.859.740
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0161/00V007 | Flanders | 184 m² | 1 · 177 m² | 11.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 650 EUR awarded · 650 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 294 EUR | 294 EUR |
| 2022 | 1 | 356 EUR | 356 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,529 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
Founded09-09-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.