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PECARI

Active
Private limited companyfounded 201313 yrs activeMolièrelaan 12, 1190 Vorst, BelgiumKBO/BCE: BE 0502.784.751

The file of PECARI contains 1 historical bankruptcy publication, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 1.7% (moderate). The 2025 annual accounts show equity of €89,581 and a net result of €9,678. Equity is growing by ~10.2% per year across the filed fiscal years.

Checked score

Score 2025
Axes · tick = 2024
Profitability58▼-24
Solvency99▲+8
Growth52=
Track record85
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.57 against 2.75 in 2024; short-term debt: 25.8% and cash: 0.2% of total assets), and 25.8% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
74.2%
Return on assets
8%
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 13 years 0 20 y
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 d early
2024
9 d early
2023
22 d early
2022
25 d late
2021
10 d late
2020
375 d late
2019
740 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 157 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

PECARI was incorporated on 25 January 2013.1 Total assets fell from EUR 175,113 in 2018 to EUR 120,783 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9,678▼ 31.6%
2024 · €14,156
Working capital
€80,281▼ 0.4%
2024 · €80,603
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€40,293€33,909▼ 15.8%-€6,376€21,139€10,790▼ 49.0%
Net result€36,087€20,019▼ 44.5%-€5,674€14,156€9,678▼ 31.6%
Equity€61,402▲ 143%€81,421▲ 32.6%€75,747▼ 7.0%€89,903▲ 18.7%€89,581▼ 0.4%
Total assets€167,685▲ 109%€173,026▲ 3.2%€135,845▼ 21.5%€135,947▲ 0.1%€120,783▼ 11.2%
Debt€106,283▲ 93.2%€91,605▼ 13.8%€60,098▼ 34.4%€46,044▼ 23.4%€31,203▼ 32.2%
Working capital€28,039▲ 109%€57,710▲ 106%€61,429▲ 6.4%€80,603▲ 31.2%€80,281▼ 0.4%
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2021: €40,293€40,293Net result 2021: €36,087€36,087Operating result 2022: €33,909€33,909Net result 2022: €20,019€20,019Operating result 2023: -€6,376-€6,376Net result 2023: -€5,674-€5,674Operating result 2024: €21,139€21,139Net result 2024: €14,156€14,156Operating result 2025: €10,790€10,790Net result 2025: €9,678€9,67820212022202320242025-€10,000€0€10,000€20,000Operating result 2023: -€6,376-€6,380Net result 2023: -€5,674-€5,670Operating result 2024: €21,139€21,100Net result 2024: €14,156€14,200Operating result 2025: €10,790€10,800Net result 2025: €9,678€9,680202320242025
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120,783
Fixed assets €9,300 =
Current assets €111,483 ▼ 12.0%
Equity and liabilities €120,783
Equity €89,581 ▼ 0.4%
Debt €31,203 ▼ 32.2%
Debt's share of the balance-sheet total falls from 33.9% to 25.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
3.57▲
2024 · 2.75
Debt to equity
0.35▼
2024 · 0.51
ROE
10.8%▼
2024 · 15.7%
ROA
8.0%▼
2024 · 10.4%
Debt ≤ 1 year
€31,203▼
2024 · €46,044
Income taxes
€5,330▼
2024 · €9,843
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.9% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€135,947€120,783▼
Fixed assets21/28€9,300€9,300=
Financial fixed assets28€9,300€9,300=
Current assets29/58€126,647€111,483▼
Amounts receivable within one year40/41€126,579€111,296▼
Trade receivables40€17,001€2,100▼
Other amounts receivable41€109,578€109,196▼
Cash at bank and in hand54/58€68€188▲
Equity and liabilities
Total equity and liabilities10/49€135,947€120,783▼
Equity10/15€89,903€89,581▼
Contributions10/11€6,200€6,200=
Reserves13€80,156€79,834▼
Distributable reserves133€80,156€79,834▼
Profit (loss) carried forward14€3,547€3,547=
Amounts payable17/49€46,044€31,203▼
Amounts payable within one year42/48€46,044€31,203▼
Trade debts44€20,421€14,362▼
Suppliers440/4€20,421€14,362▼
Taxes, remuneration and social security45€25,624€6,841▼
Taxes450/3€25,624€6,841▼
Other amounts payable47/48-€10,000
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,018-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11,750-
Other operating charges640/8€14,705€688▼
Gross operating margin9900€52,613€11,478▼
Operating profit (loss)9901€21,139€10,790▼
Financial income75/76B€4,729€4,908▲
Recurring financial income75€4,729€4,908▲
Financial charges65/66B€1,869€690▼
Recurring financial charges65€1,869€690▼
Profit (loss) for the period before taxes9903€23,999€15,008▼
Income taxes67/77€9,843€5,330▼
Profit (loss) for the period9904€14,156€9,678▼
Profit (loss) for the period to be appropriated9905€14,156€9,678▼
Appropriation of the result
Profit (loss) to be appropriated9906€17,703€13,225▼
Profit (loss) brought forward from the previous period14P€3,547€3,547=
Transfer from equity791/2-€10,000
Transfer to equity691/2€14,156€9,678▼
To other reserves6921€14,156€9,678▼
Profit to be distributed694/7-€10,000
Return on contributions (dividend)694-€10,000

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,734€9,653€9,393€5,018--
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€11,750--
Other operating charges640/8-€11,079€265€14,705€688▼ 95.3%
Gross operating margin9900€47,027€54,641€3,282€52,613€11,478▼ 78.2%
Operating profit (loss)9901€40,293€33,909-€6,376€21,139€10,790▼ 49.0%
Financial income75/76B€1,702€2,708€2,505€4,729€4,908▲ 3.8%
Recurring financial income75€1,702€2,708€2,505€4,729€4,908▲ 3.8%
Financial charges65/66B€264€456€1,108€1,869€690▼ 63.1%
Recurring financial charges65€264€456€1,108€1,869€690▼ 63.1%
Profit (loss) for the period before taxes9903€41,731€36,161-€4,979€23,999€15,008▼ 37.5%
Income taxes67/77€5,644€16,142€695€9,843€5,330▼ 45.8%
Profit (loss) for the period9904€36,087€20,019-€5,674€14,156€9,678▼ 31.6%
Profit (loss) for the period to be appropriated9905€36,087€20,019-€5,674€14,156€9,678▼ 31.6%
Line20212022202320242025Change
Assets
Total assets20/58€167,685€173,026€135,845€135,947€120,783▼ 11.2%
Fixed assets21/28€33,364€23,711€14,318€9,300€9,300=
Tangible fixed assets22/27€24,064€14,411€5,018---
Furniture and vehicles24€24,064€14,411€5,018---
Financial fixed assets28€9,300€9,300€9,300€9,300€9,300=
Current assets29/58€134,322€149,315€121,527€126,647€111,483▼ 12.0%
Amounts receivable within one year40/41€133,937€149,188€121,481€126,579€111,296▼ 12.1%
Trade receivables40€62,584€90,448€34,183€17,001€2,100▼ 87.6%
Other amounts receivable41€71,353€58,740€87,299€109,578€109,196▼ 0.3%
Cash at bank and in hand54/58€184€128€46€68€188▲ 176%
Deferred charges and accrued income490/1€200-----
Equity and liabilities
Total equity and liabilities10/49€167,685€173,026€135,845€135,947€120,783▼ 11.2%
Equity10/15€61,402€81,421€75,747€89,903€89,581▼ 0.4%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€47,860€67,860€66,000€80,156€79,834▼ 0.4%
Non-distributable reserves130/1€1,860€1,860----
Reserves not available under the articles1311€1,860€1,860----
Distributable reserves133€46,000€66,000€66,000€80,156€79,834▼ 0.4%
Profit (loss) carried forward14€7,342€7,361€3,547€3,547€3,547=
Amounts payable17/49€106,283€91,605€60,098€46,044€31,203▼ 32.2%
Amounts payable within one year42/48€106,283€91,605€60,098€46,044€31,203▼ 32.2%
Trade debts44€33,388€3,487€4,457€20,421€14,362▼ 29.7%
Suppliers440/4€33,388€3,487€4,457€20,421€14,362▼ 29.7%
Taxes, remuneration and social security45€72,895€88,119€55,642€25,624€6,841▼ 73.3%
Taxes450/3€72,895€88,119€55,642€25,624€6,841▼ 73.3%
Other amounts payable47/48----€10,000-
Line20212022202320242025Change
Profit (loss) for the period9904€36,087€20,019-€5,674€14,156€9,678▼ 31.6%
+ Depreciation and write-downs630€6,734€9,653€9,393€5,018--
Operating cash flow (approximation)€42,821€29,672€3,718€19,174€9,678▼ 49.5%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€56-€82€22€120▲ 436%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €14,156
Net result €14,156 after one loss-making year.
09-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
25-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
10-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 10 days late
10-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 375 days late
10-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 740 days late
2021
31-12
Financial Back to profitnet €36,087
Net result €36,087 after 2 loss-making years.
2019
31-12
Financial Weakest financial yearnet -€19,475
Net result drops to -€19,475, the lowest in the series; recovery starts the following year.
02-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 124 days late
02-12
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 489 days late
28-11
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 850 days late
14-06
Bankruptcy Judicial dissolution
Tribunal de l’entreprise francophone de Bruxelles
SignalFinancial 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Vorst
exact location from the address register On OpenStreetMap
Ground area
230 m²
Building footprint
143 m²
Volume, LiDAR
2,530 m³
Parcel 21383B0036/00Y007, Brussels · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
16 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21383B0036/00Y007 Brussels 230 m² 1 · 143 m² 21.2 m · 6 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of PECARI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded25-01-2013
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 9925:BE0502784751
Registered 06-02-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.