PECCEU
ActiveSummary
PECCEU has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€3,994) and a net result of -€12,770. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability33▲+1
Solvency25=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.36 against 3.74 in 2023; short-term debt: 19.2% and cash: 0.1% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-0.2%
Return on assets
-0.6%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€3,994
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
29 d late
2022
60 d late
2021
31 d late
2020
31 d late
2019
111 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 54 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€3,994
2023 · €8,764
Total assets
€2.1m▼ 0.1%
2023 · €2.1m
Net result
-€12,770▼ 33.3%
2023 · -€9,579
Working capital
€944,319▲ 0.5%
2023 · €939,357
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€58,159▼ 62.4%€124,503▲ 114%€82,215▼ 34.0%€75,689▼ 7.9%€70,172▼ 7.3%
Net result€2,091within the sector's middle half▼ 97.6%€71,732above the sector's middle half▲ 3,331%€38,053above the sector's middle half▼ 47.0%-€9,579below the sector's middle half-€12,770below the sector's middle half▼ 33.3%
Equity-€107,358below the sector's middle half▲ 1.9%-€35,626below the sector's middle half▲ 66.8%€2,428below the sector's middle half€8,764below the sector's middle half▲ 261%-€3,994below the sector's middle half
Total assets€2.2mabove the sector's middle half▼ 13.0%€2.3mabove the sector's middle half▲ 2.2%€2.1mabove the sector's middle half▼ 5.5%€2.1mabove the sector's middle half▼ 2.1%€2.1mabove the sector's middle half▼ 0.1%
Debt€2.3m▼ 12.5%€2.3m▼ 1.0%€2.1m▼ 7.0%€2.1m▼ 2.4%€2.1m▲ 0.5%
Working capital€784,296▲ 5.1%€847,604▲ 8.1%€915,848▲ 8.1%€939,357▲ 2.6%€944,319▲ 0.5%
Solvency-4.9%below the sector's middle half▼ 0.5pp-1.6%below the sector's middle half▲ 3.3pp0.1%below the sector's middle half▲ 1.7pp0.4%below the sector's middle half▲ 0.3pp-0.2%below the sector's middle half▼ 0.6pp
Staff (FTE)5above the sector's middle half▲ 31.6%5.5▲ 10.0%4.2▼ 23.6%4▼ 4.8%2.9▼ 27.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets
€740,929 ▼ 8.1%
Current assets
€1.3m ▲ 4.9%
Key figures and ratios
EBITDA
€135,252▼
2023 · €141,035
Cash flow
€52,309▼
2023 · €55,767
Current ratio
3.36▼
2023 · 3.74
Quick ratio
1.46▼
2023 · 1.53
ROA
-0.6%▼
2023 · -0.5%
Interest coverage
1.80▲
2023 · 1.65
Debt ≤ 1 year
€400,826▲
2023 · €343,084
Debt > 1 year
€1.7m▼
2023 · €1.7m
Income taxes
€7,991
Staff costs
€171,199▼
2023 · €185,787
A ratio outside any meaningful range has been withheld (balance sheet total €2.1m, equity -€3,994).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
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%.
| 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 2,798 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €186,295 | €157,557 | €185,787 | €171,199 | ▼ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94,089 | €64,998 | €72,042 | €65,347 | €65,080 | ▼ 0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €10,857 | - | - | - |
| Other operating charges640/8 | - | €4,600 | €991 | €18,502 | €21,194 | ▲ 14.6% |
| Non-recurring operating charges66A | - | €33 | €1,215 | - | - | - |
| Gross operating margin9900 | €394,687 | €380,429 | €324,877 | €345,324 | €327,645 | ▼ 5.1% |
| Operating profit (loss)9901 | €58,159 | €124,503 | €82,215 | €75,689 | €70,172 | ▼ 7.3% |
| Financial income75/76B | - | €38 | - | €64 | €393 | ▲ 515% |
| Recurring financial income75 | - | €38 | - | €64 | €393 | ▲ 515% |
| Financial charges65/66B | - | €37,511 | €44,162 | €85,332 | €75,344 | ▼ 11.7% |
| Recurring financial charges65 | €56,068 | €37,511 | €44,162 | €85,332 | €75,344 | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €2,091 | €87,030 | €38,053 | -€9,579 | -€4,779 | ▲ 50.1% |
| Income taxes67/77 | - | €15,298 | - | - | €7,991 | - |
| Profit (loss) for the period9904 | €2,091 | €71,732 | €38,053 | -€9,579 | -€12,770 | ▼ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €2,091 | €71,732 | €38,053 | -€9,579 | -€12,770 | ▼ 33.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.3m | €2.1m | €2.1m | €2.1m | ▼ 0.1% |
| Fixed assets21/28 | €992,523 | €945,217 | €873,176 | €806,009 | €740,929 | ▼ 8.1% |
| Tangible fixed assets22/27 | €984,259 | €936,953 | €864,911 | €799,564 | €734,484 | ▼ 8.1% |
| Land and buildings22 | - | €929,533 | €864,517 | €799,501 | €734,484 | ▼ 8.1% |
| Plant, machinery and equipment23 | - | €7,420 | €394 | €63 | - | - |
| Financial fixed assets28 | €8,265 | €8,265 | €8,265 | €6,445 | €6,445 | = |
| Current assets29/58 | €1.2m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 4.9% |
| Stocks and contracts in progress3 | €759,320 | €762,375 | €758,730 | €756,320 | €758,624 | ▲ 0.3% |
| Stocks30/36 | - | €762,375 | €758,730 | €756,320 | €758,624 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €431,941 | €538,852 | €499,941 | €522,344 | €585,230 | ▲ 12.0% |
| Trade receivables40 | - | €424,289 | €384,052 | €18,835 | €21,880 | ▲ 16.2% |
| Other amounts receivable41 | - | €114,563 | €115,889 | €503,509 | €563,350 | ▲ 11.9% |
| Cash at bank and in hand54/58 | €17,300 | €5,635 | €1,932 | €3,777 | €1,291 | ▼ 65.8% |
| Deferred charges and accrued income490/1 | - | €5,122 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.1m | €2.1m | €2.1m | ▼ 0.1% |
| Equity10/15 | -€107,358 | -€35,626 | €2,428 | €8,764 | -€3,994 | ▼ 146% |
| Contributions10/11 | - | €6,185 | €6,185 | €6,185 | €6,197 | ▲ 0.2% |
| Reserves13 | €61,266 | €61,266 | €61,266 | €77,181 | €77,181 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €38,644 | €38,644 | €38,644 | €38,644 | = |
| Distributable reserves133 | - | €20,763 | €20,763 | €36,678 | €36,678 | = |
| Profit (loss) carried forward14 | -€174,808 | -€103,076 | -€65,023 | -€74,602 | -€87,372 | ▼ 17.1% |
| Amounts payable17/49 | €2.3m | €2.3m | €2.1m | €2.1m | €2.1m | ▲ 0.5% |
| Amounts payable after more than one year17 | €1.9m | €1.8m | €1.8m | €1.7m | €1.7m | ▼ 2.8% |
| Financial debts170/4 | - | €1.8m | €1.2m | €1.7m | €1.7m | ▼ 2.8% |
| Other amounts payable178/9 | - | - | €600,000 | - | - | - |
| Amounts payable within one year42/48 | €431,111 | €464,381 | €344,755 | €343,084 | €400,826 | ▲ 16.8% |
| Current portion of amounts payable after more than one year42 | - | €55,707 | €42,817 | €45,289 | €48,325 | ▲ 6.7% |
| Trade debts44 | €139,150 | €120,404 | €78,963 | €112,653 | €154,286 | ▲ 37.0% |
| Suppliers440/4 | - | €120,404 | €78,963 | €112,653 | €154,286 | ▲ 37.0% |
| Taxes, remuneration and social security45 | - | €6,381 | €5,782 | €7,463 | €7,573 | ▲ 1.5% |
| Taxes450/3 | - | - | - | - | €7,573 | - |
| Remuneration and social security454/9 | - | €6,381 | €5,782 | €7,463 | - | - |
| Other amounts payable47/48 | - | €281,889 | €217,193 | €177,680 | €190,642 | ▲ 7.3% |
| Accrued charges and deferred income492/3 | - | €5,240 | €5,002 | €297 | €1,261 | ▲ 325% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,091 | €71,732 | €38,053 | -€9,579 | -€12,770 | ▼ 33.3% |
| + Depreciation and write-downs630 | €94,089 | €64,998 | €72,042 | €65,347 | €65,080 | ▼ 0.4% |
| Operating cash flow (approximation) | €96,180 | €136,730 | €110,095 | €55,767 | €52,309 | ▼ 6.2% |
| Investment in fixed assets (approximation) | - | -€17,692 | -€1 | €1,821 | €0 | ▼ 100% |
| Change in cash | - | -€11,665 | -€3,703 | €1,845 | -€2,487 | ▼ 235% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 111 days late
2019
31-12
Financial
Back to profitnet €87,135
Net result €87,135 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.06
Current ratio from 0.70 to 2.06; short-term debt falls from €1.7m to €704,970.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 50 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, Ieper · 2 establishment units since 1988
Ground area
4,773 m²
Building footprint
2,370 m²
Volume, LiDAR
1,283 m³
2 parcels, Flanders, Wallonia · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Wielewaalstraat 58, 8902 Ieper
since 19882.040.566.828
Pecceu
since 20122.240.231.331
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54002C0357/00Z000 | Wallonia | 3,818 m² | 1 · 2,097 m² | - |
| 33010A0087/00V000 | Flanders | 955 m² | 1 · 272 m² | 7.8 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.
Structure & network
Owners and holdings
1 ownerChain of control
- VEROPEC
- PECCEU
Highest known parent: VEROPEC. The sources do not say who stands above it.
Owners 1
- VEROPECparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 4,328 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
Founded03-10-1988
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
47551Retail sale of household furniture
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435448440
Also
9925:BE0435448440
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.