PEA
ActiveSummary
PEA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,388 and a net result of €260,317. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency34▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.85 in 2024; short-term debt: 79.1% and cash: 11.9% of total assets), and 91.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
8.5%
Return on assets
84.1%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 31840 sector peers (2025).
NBB · sector comparisonPosition among 31840 sector peers
Solvency
better than 16%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
64 d early
2023
29 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
31 d late
← 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 12 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€26,388▲ 25.2%
2024 · €21,071
Total assets
€309,660▲ 82.7%
2024 · €169,499
Net result
€260,317▲ 32.1%
2024 · €197,026
Working capital
-€33,463▼ 50.1%
2024 · -€22,293
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€7,613▼ 83.6%€4,003▼ 47.4%€38,217▲ 855%€268,133▲ 602%€353,659▲ 31.9%
Net result€4,408▼ 89.6%€1,645▼ 62.7%€26,841▲ 1,532%€197,026▲ 634%€260,317▲ 32.1%
Equity-€134,441▲ 11.1%-€132,796▲ 1.2%-€105,955▲ 20.2%€21,071€26,388▲ 25.2%
Total assets€39,382▲ 494%€42,337▲ 7.5%€64,677▲ 52.8%€169,499▲ 162%€309,660▲ 82.7%
Debt€173,824▲ 10.1%€175,134▲ 0.8%€170,632▼ 2.6%€148,429▼ 13.0%€283,272▲ 90.8%
Working capital-€46,063▼ 28.0%-€17,545▲ 61.9%-€10,297▲ 41.3%-€22,293▼ 117%-€33,463▼ 50.1%
Staff (FTE)0.9
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309,660
Fixed assets
€98,145 ▲ 126%
Current assets
€211,515 ▲ 67.7%
Equity and liabilities €309,660
Equity
€26,388 ▲ 25.2%
Debt
€283,272 ▲ 90.8%
Debt's share of the balance-sheet total rises from 87.6% to 91.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€367,846▲
2024 · €270,198
Cash flow
€274,504▲
2024 · €199,091
Current ratio
0.86▲
2024 · 0.85
Debt to equity
10.73▲
2024 · 7.04
ROE
986.5%▲
2024 · 935.1%
ROA
84.1%▼
2024 · 116.2%
Interest coverage
84.98▼
2024 · 89.19
Debt ≤ 1 year
€244,978▲
2024 · €148,429
Debt > 1 year
€38,294
Income taxes
€89,013▲
2024 · €68,077
Staff costs
€25,897
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €25,897 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,642 | €1,345 | €1,935 | €2,065 | €14,187 | ▲ 587% |
| Other operating charges640/8 | €6,330 | €3,767 | €705 | €4,936 | €1,867 | ▼ 62.2% |
| Gross operating margin9900 | €17,585 | €9,115 | €40,857 | €275,134 | €395,609 | ▲ 43.8% |
| Operating profit (loss)9901 | €7,613 | €4,003 | €38,217 | €268,133 | €353,659 | ▲ 31.9% |
| Financial income75/76B | €0 | €1 | €1 | €0 | - | - |
| Recurring financial income75 | €0 | €1 | €1 | €0 | - | - |
| Financial charges65/66B | €232 | €141 | €349 | €3,029 | €4,329 | ▲ 42.9% |
| Recurring financial charges65 | €232 | €141 | €349 | €3,029 | €4,329 | ▲ 42.9% |
| Profit (loss) for the period before taxes9903 | €7,381 | €3,862 | €37,869 | €265,104 | €349,331 | ▲ 31.8% |
| Income taxes67/77 | €2,974 | €2,217 | €11,028 | €68,077 | €89,013 | ▲ 30.8% |
| Profit (loss) for the period9904 | €4,408 | €1,645 | €26,841 | €197,026 | €260,317 | ▲ 32.1% |
| Profit (loss) for the period to be appropriated9905 | €4,408 | €1,645 | €26,841 | €197,026 | €260,317 | ▲ 32.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,382 | €42,337 | €64,677 | €169,499 | €309,660 | ▲ 82.7% |
| Fixed assets21/28 | €31,622 | €4,774 | €24,429 | €43,364 | €98,145 | ▲ 126% |
| Tangible fixed assets22/27 | €30,622 | €3,774 | €23,029 | €42,964 | €97,745 | ▲ 128% |
| Furniture and vehicles24 | €30,622 | €3,774 | €3,029 | €964 | €55,745 | ▲ 5,684% |
| Assets under construction and advance payments27 | - | - | €20,000 | €42,000 | €42,000 | = |
| Financial fixed assets28 | €1,000 | €1,000 | €1,400 | €400 | €400 | = |
| Current assets29/58 | €7,760 | €37,563 | €40,248 | €126,136 | €211,515 | ▲ 67.7% |
| Amounts receivable within one year40/41 | €5,335 | €35,920 | €38,675 | €4,245 | €172,256 | ▲ 3,958% |
| Trade receivables40 | €5,324 | €35,920 | €38,675 | €4,245 | €172,256 | ▲ 3,958% |
| Other amounts receivable41 | €11 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €619 | €742 | €182 | €111,796 | €36,940 | ▼ 67.0% |
| Deferred charges and accrued income490/1 | €1,806 | €902 | €1,391 | €10,096 | €2,319 | ▼ 77.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,382 | €42,337 | €64,677 | €169,499 | €309,660 | ▲ 82.7% |
| Equity10/15 | -€134,441 | -€132,796 | -€105,955 | €21,071 | €26,388 | ▲ 25.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€153,041 | -€151,396 | -€124,555 | €2,471 | €7,788 | ▲ 215% |
| Amounts payable17/49 | €173,824 | €175,134 | €170,632 | €148,429 | €283,272 | ▲ 90.8% |
| Amounts payable after more than one year17 | €120,000 | €120,000 | €120,000 | - | €38,294 | - |
| Financial debts170/4 | - | - | - | - | €38,294 | - |
| Other amounts payable178/9 | €120,000 | €120,000 | €120,000 | - | - | - |
| Amounts payable within one year42/48 | €53,824 | €55,109 | €50,545 | €148,429 | €244,978 | ▲ 65.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €11,296 | - |
| Trade debts44 | €21,507 | €6,225 | €5,364 | €4,929 | €21,666 | ▲ 340% |
| Suppliers440/4 | €21,507 | €6,225 | €5,364 | €4,929 | €21,666 | ▲ 340% |
| Advances received on contracts in progress46 | €5,445 | - | €3,000 | €22,204 | - | - |
| Taxes, remuneration and social security45 | €6,640 | €18,164 | €17,552 | €110,333 | €191,430 | ▲ 73.5% |
| Taxes450/3 | €6,640 | €18,164 | €17,552 | €110,333 | €190,636 | ▲ 72.8% |
| Remuneration and social security454/9 | - | - | - | - | €794 | - |
| Other amounts payable47/48 | €20,231 | €30,719 | €24,629 | €10,963 | €20,587 | ▲ 87.8% |
| Accrued charges and deferred income492/3 | - | €25 | €87 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,408 | €1,645 | €26,841 | €197,026 | €260,317 | ▲ 32.1% |
| + Depreciation and write-downs630 | €3,642 | €1,345 | €1,935 | €2,065 | €14,187 | ▲ 587% |
| Operating cash flow (approximation) | €8,050 | €2,990 | €28,775 | €199,091 | €274,504 | ▲ 37.9% |
| Investment in fixed assets (approximation) | - | €25,503 | -€21,589 | -€21,000 | -€68,968 | ▼ 228% |
| Change in cash | - | €123 | -€560 | €111,614 | -€74,856 | ▼ 167% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €260,317 ▲32.1%
Operating result €353,659, net result €260,317, both a record.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €3,783
Net result €3,783 after one loss-making year.
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 104 days late
12-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 469 days late
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 176 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Wellin · 1 establishment unit since 2014
Ground area
2,435 m²
Building footprint
230 m²
Volume, LiDAR
1,822 m³
Parcel 84064B0441/00D000, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PEA
since 20142.227.444.652
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84064B0441/00D000 | Wallonia | 2,435 m² | 1 · 230 m² | 10.1 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 33,378 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
Founded05-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
70200Business and other management consultancy
46170Agents in the wholesale of food, beverages and tobacco
46180Agents specialised in the wholesale of other particular products
46349Wholesale of beverages, general range
47120Other non-specialised retail sale
47210Retail sale of fruit and vegetables
47251Retail sale of wines and spirits
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543313331
Also
9925:BE0543313331
Registered
11-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.