Summary
PEBECO is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.9m and a net result of €2.7m. Equity has been growing by about 76% per year since 2020. Its solvency ranks better than 83% of 9,757 sector peers (NACE 64, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-07-2017 Normal situation
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.267.869.797 9830 Sint-Martens-Latem, since 28-07-2017
- Financial year end
- 31 May
- Peppol
- Reachable since 26-07-2024
Board and ownership
Board
- DE PAUW BramDirector · since 01-01-2019
- Holdings
- Shares in 3 companies including B.O.N.D. and COPAN
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts to 31-05-2025
- Profit
- €2.7m
- ▲ 91×
- Equity
- €2.9m
- ▲ 156%
- Total assets
- €3.4m
- ▲ 107%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
neutral
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 29-12-2025, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 days early
2024
1 day early
2023
3 days early
2022
3 days early
2021
1 day early
2020
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 2 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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 29 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 end05-11-2026 today31-12-2026 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-12-2025 PDF all 6 filings
Equity
€2.9m▲ 156%
2024 · €1.1m
Net result
€2.7m▲ 91×
2024 · €29,811
Total assets
€3.4m▲ 107%
2024 · €1.6m
Solvency
85.0%▲ 16.4pp
2024 · 68.6%
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€9,049
▼ 88.4%
2025
20202025
Net result
€2.7m
▲ 91×
2025
highest quarter of the sector
20202025
Equity
€2.9m
▲ 156%
2025
highest quarter of the sector
20202025
Total assets
€3.4m
▲ 107%
2025
highest quarter of the sector
20202025
Debt
€509,505
▼ 1.2%
2025
20202025
Working capital
€455,707
▼ 20.6%
2025
highest quarter of the sector
20202025
Solvency
85.0%
▲ 16.4pp
2025
highest quarter of the sector
20202025
Current ratio
3.92
▼ 1.15
2025
middle half of the sector
20202025
Return on assets (ROA)
79.8%
▲ 78.0pp
2025
highest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€0.04m-€0.2m▲ 324%€0.2m▲ 40.1%€0.4m▲ 92.6%€0.08m▼ 82.3%€0.009m▼ 88.4%
Net result€0.03mwithin the sector's middle half-€0.2mabove the sector's middle half▲ 663%€0.2mabove the sector's middle half▼ 25.8%€0.5mabove the sector's middle half▲ 221%€0.03mwithin the sector's middle half▼ 94.4%€2.7mabove the sector's middle half▲ 91×
Equity€0.2mwithin the sector's middle half-€0.4mabove the sector's middle half▲ 130%€0.6mabove the sector's middle half▲ 42.0%€1.1mabove the sector's middle half▲ 94.8%€1.1mabove the sector's middle half▲ 2.7%€2.9mabove the sector's middle half▲ 156%
Total assets€0.3mwithin the sector's middle half-€0.5mwithin the sector's middle half▲ 101%€0.8mwithin the sector's middle half▲ 55.0%€1.2mabove the sector's middle half▲ 58.1%€1.6mabove the sector's middle half▲ 31.8%€3.4mabove the sector's middle half▲ 107%
Debt€0.08m-€0.1m▲ 38.2%€0.2m▲ 101%€0.1m▼ 33.5%€0.5m▲ 244%€0.5m▼ 1.2%
Working capital€0.05mwithin the sector's middle half-€0.2mabove the sector's middle half▲ 395%€0.4mabove the sector's middle half▲ 81.8%€0.7mabove the sector's middle half▲ 75.8%€0.6mabove the sector's middle half▼ 21.5%€0.5mabove the sector's middle half▼ 20.6%
Solvency68.0%within the sector's middle half-78.0%above the sector's middle half▲ 10.0pp71.4%within the sector's middle half▼ 6.6pp88.0%above the sector's middle half▲ 16.6pp68.6%within the sector's middle half▼ 19.4pp85.0%above the sector's middle half▲ 16.4pp
Current ratio1.57within the sector's middle half-3.07within the sector's middle half▲ 1.502.87within the sector's middle half▼ 0.208.44above the sector's middle half▲ 5.585.07above the sector's middle half▼ 3.373.92within the sector's middle half▼ 1.15
Return on assets (ROA)11.6%within the sector's middle half-44.1%above the sector's middle half▲ 32.5pp21.1%within the sector's middle half▼ 23.0pp42.8%above the sector's middle half▲ 21.7pp1.8%within the sector's middle half▼ 41.0pp79.8%above the sector's middle half▲ 78.0pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 88% lower than in 2024 and the lowest since 2020. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€2.8m ▲ 201%
Current assets
€611,645 ▼ 14.5%
Equity and liabilities €3.4m
Equity
€2.9m ▲ 156%
Debt
€509,505 ▼ 1.2%
Debt's share of the balance-sheet total falls from 31.4% to 15.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
93.9%▲
2024 · 2.7%
Debt ≤ 1 year
€155,937▲
2024 · €140,921
Debt > 1 year
€345,282▼
2024 · €372,181
Income taxes
€12,420▼
2024 · €13,767
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-05-2022 | 31-05-2023 | 31-05-2024 | 31-05-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | - | - | €27,500 | €27,500 |
| Mortgage mandates | - | - | €357,500 | €357,500 |
| Carrying value of the mortgaged assets | - | - | €511,566 | €540,726 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-05-2022 | 31-05-2023 | 31-05-2024 | 31-05-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €3,777 | €107,627 | €564,891 | €61,114 |
| Financial fixed assets | - | €200,000 | €12,500 | €1.9m |
| Depreciation and write-downs of the year | €23,543 | €29,266 | €64,109 | €65,665 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.006m | €0.02m | €0.02m | €0.03m | €0.06m | €0.07m | ▲ 2.4% |
| Other operating charges640/8 | - | - | €0.003m | €0.01m | €0.008m | €0.01m | ▲ 56.5% |
| Non-recurring operating charges66A | - | - | €0 | €0.003m | €0 | - | - |
| Gross operating margin9900 | €0.05m | €0.2m | €0.3m | €0.5m | €0.1m | €0.09m | ▼ 42.3% |
| Operating profit (loss)9901 | €0.04m | €0.2m | €0.2m | €0.4m | €0.08m | €0.009m | ▼ 88.4% |
| Financial income75/76B | - | - | €23 | €0.2m | €1 | €2.7m | ▲ 2,792,280× |
| Recurring financial income75 | €229 | €0.1m | €23 | €0.2m | €1 | €2.7m | ▲ 2,792,280× |
| Financial charges65/66B | - | - | €0.004m | €0.005m | €0.03m | €0.02m | ▼ 32.2% |
| Recurring financial charges65 | €192 | €0.001m | €0.004m | €0.005m | €0.03m | €0.02m | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.3m | €0.2m | €0.6m | €0.04m | €2.7m | ▲ 62× |
| Income taxes67/77 | €0.009m | €0.04m | €0.06m | €0.1m | €0.01m | €0.01m | ▼ 9.8% |
| Profit (loss) for the period9904 | €0.03m | €0.2m | €0.2m | €0.5m | €0.03m | €2.7m | ▲ 91× |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.2m | €0.2m | €0.5m | €0.03m | €2.7m | ▲ 91× |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.3m | €0.5m | €0.8m | €1.2m | €1.6m | €3.4m | ▲ 107% |
| Fixed assets21/28 | €0.1m | €0.2m | €0.1m | €0.4m | €0.9m | €2.8m | ▲ 201% |
| Tangible fixed assets22/27 | €0.04m | €0.08m | €0.06m | €0.1m | €0.6m | €0.6m | ▼ 0.7% |
| Land and buildings22 | - | - | - | - | €0.5m | €0.5m | ▲ 5.8% |
| Plant, machinery and equipment23 | - | - | - | - | €0.02m | €0.02m | ▼ 21.3% |
| Furniture and vehicles24 | - | - | €0.03m | €0.02m | €0.01m | €0.003m | ▼ 71.4% |
| Leasing and similar rights25 | - | - | - | €0.06m | €0.05m | €0.04m | ▼ 27.5% |
| Other tangible fixed assets26 | - | - | €0.03m | €0.04m | €0.03m | €0.03m | ▼ 22.3% |
| Financial fixed assets28 | €0.09m | €0.09m | €0.09m | €0.3m | €0.3m | €2.2m | ▲ 629% |
| Current assets29/58 | €0.1m | €0.3m | €0.6m | €0.8m | €0.7m | €0.6m | ▼ 14.5% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0.004m | - |
| Stocks30/36 | - | - | - | - | - | €0.004m | - |
| Amounts receivable within one year40/41 | €0.04m | €0.03m | €0.6m | €0.4m | €0.4m | €0.6m | ▲ 49.3% |
| Trade receivables40 | - | - | €0.3m | €0.01m | €0.1m | €0.1m | ▲ 9.3% |
| Other amounts receivable41 | - | - | €0.3m | €0.4m | €0.3m | €0.4m | ▲ 68.5% |
| Cash at bank and in hand54/58 | €0.08m | €0.3m | €0.06m | €0.4m | €0.3m | €0.02m | ▼ 94.3% |
| Deferred charges and accrued income490/1 | - | - | €0.001m | €0.02m | €0.01m | €0.02m | ▲ 86.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.3m | €0.5m | €0.8m | €1.2m | €1.6m | €3.4m | ▲ 107% |
| Equity10/15 | €0.2m | €0.4m | €0.6m | €1.1m | €1.1m | €2.9m | ▲ 156% |
| Contributions10/11 | - | - | €0.1m | €0.1m | €0.1m | €0.02m | ▼ 84.5% |
| Reserves13 | €0.07m | €0.3m | €0.5m | €1.0m | €1.0m | €2.9m | ▲ 180% |
| Distributable reserves133 | - | - | €0.5m | €1.0m | €1.0m | €2.9m | ▲ 180% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €0.08m | €0.1m | €0.2m | €0.1m | €0.5m | €0.5m | ▼ 1.2% |
| Amounts payable after more than one year17 | - | - | - | €0.05m | €0.4m | €0.3m | ▼ 7.2% |
| Financial debts170/4 | - | - | - | €0.05m | €0.4m | €0.3m | ▼ 7.2% |
| Amounts payable within one year42/48 | €0.08m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 10.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.03m | €0.03m | ▲ 3.8% |
| Trade debts44 | €0.06m | €0.01m | €0.008m | €0.02m | €0.03m | €0.004m | ▼ 87.4% |
| Suppliers440/4 | - | - | €0.008m | €0.02m | €0.03m | €0.004m | ▼ 87.4% |
| Taxes, remuneration and social security45 | - | - | €0.07m | €0.002m | €0.03m | €0.005m | ▼ 81.7% |
| Taxes450/3 | - | - | €0.07m | €0.002m | €0.03m | €0.005m | ▼ 81.7% |
| Other amounts payable47/48 | - | - | €0.1m | €0.06m | €0.05m | €0.1m | ▲ 125% |
| Accrued charges and deferred income492/3 | - | - | €0.002m | €362 | €0.003m | €0.008m | ▲ 216% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.2m | €0.2m | €0.5m | €0.03m | €2.7m | ▲ 91× |
| + Depreciation and write-downs630 | €0.006m | €0.02m | €0.02m | €0.03m | €0.06m | €0.07m | ▲ 2.4% |
| Operating cash flow (approximation) | €0.04m | €0.2m | €0.2m | €0.6m | €0.09m | €2.8m | ▲ 30× |
| Investment in fixed assets (approximation) | - | -€0.06m | -€0.004m | -€0.3m | -€0.6m | -€1.9m | ▼ 234% |
| Change in cash | - | €0.2m | -€0.3m | €0.3m | -€0.08m | -€0.3m | ▼ 304% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-05-2025 | micro format | 29-12-2025 | 2025-00591142 | |
| 31-05-2024 | micro format | 30-12-2024 | 2024-00626556 | |
| 31-05-2023 | micro format | 28-12-2023 | 2023-00539175 | |
| 31-05-2022 | micro format | 28-12-2022 | 2022-20547783 | |
| 31-05-2021 | micro format | 30-12-2021 | 2021-82000559 | |
| 31-05-2020 | micro format | 28-12-2020 | 2020-77200289 |
Board & ownership
Directors
Directors
1 director
DE PAUW Bram
Current
Owners and capital
Owners
Network & group
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 31-05-2025
- Equity €284,246 Profit of €222,938 in 2025 (profit of €3.5m in 2024) Checked score 8550%
- Equity €1.0m Loss of €4,840 in 2025 (loss of €4,361 in 2024) Checked score 9320%
- Equity €330,252 Profit of €364,221 in 2025 (loss of €108,969 in 2024) Checked score 9220%
Board mandates elsewhere
4 board mandatesBoard mandates of PEBECOPEBECO sits on their board4
Companies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
08-09
Director appointment · Permanent representative
2025
29-12
micro format · 2 days before the deadline
15-12
Founding capital · Bank account
20-11
Founder · Corporate purpose
05-09
Permanent representative
01-08
Director appointment · Permanent representative
31-05
Financial
Highest result from 2020 to 2025net €2.7m ▲8,989%
The net result of €2.7m is the highest of those years.
31-05
Financial
Equity above €2mequity €2.9m ▲156%
With a profit in every financial year since 2020, equity grows to €2.9m.
2024
30-12
micro format · 1 day before the deadline
2023
28-12
micro format · 3 days before the deadline
29-06
Founding capital · Registered office clause
31-05
Financial
Liquidity more than doubledcurrent ratio 8.44
The current ratio rises from 2.87 to 8.44. Short-term debt falls from €222,733 to €98,263.
Show earlier events
31-05
Financial
Equity above €1mequity €1.1m ▲94.8%
With a profit in every financial year since 2020, equity grows to €1.1m.
2022
28-12
micro format · 3 days before the deadline
20-12
Permanent representative · Incorporation
31-05
Financial
Equity above €500,000equity €562,231 ▲42%
With a profit in every financial year since 2020, equity grows to €562,231.
2021
30-12
micro format · 1 day before the deadline
31-05
Financial
Equity above €200,000equity €396,060 ▲130%
With a profit in every financial year since 2020, equity grows to €396,060.
2020
28-12
micro format · 3 days before the deadline
2017
01-08
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
PEBECO in Dutch
Enterprise number
0678.953.181
Legal form
Private limited company
Status
Active, normal situation
Founded
28-07-2017
Entity type
Legal entity
Registered office and establishments
Registered office
Oudburgweg 53, 9830 Sint-Martens-Latem, Belgium
Establishment unit
PEBECO, Oudburgweg 53, 9830 Sint-Martens-Latem since 28-07-2017 · unit number 2.267.869.797
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
Invoicing and payment
VAT number
BE 0678.953.181
Financial year and general meeting
Accounts at the NBBFinancial year end
31-05
Environmental permits
1 application in Flanders since 2025 · 1 granted
Functiewijziging zonder verbouwingswerken
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
1,658 m²
Building footprint
221 m²
Building volume
1,249 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44064B0542/00M000 | Flanders | 1,658 m² | 1 · 221 m² | 9.7 m · 2 |