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PeCOARCHEO

Active
Private limited companyfounded 20206 yrs activeStationsstraat 20, 3381 Glabbeek, BelgiumKBO/BCE: BE 0755.364.734
Summary

PeCOARCHEO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€39,878) and a net result of -€1,576. Equity is shrinking by ~55.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability21▲+21
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 1.36 in 2023; short-term debt: 184.8% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024
Solvency, return and age of the figures
Solvency
-178.6%
Return on assets
-7.1%
Age of the figures
21 mo
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€39,878
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2023
30 d late
2022
16 d late
2021
23 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
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

On 29 September 2020, PeCOARCHEO was incorporated as a Private limited company.1 Total assets went from EUR 32,513 in 2021 to EUR 22,328 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€39,878▼ 4.1%
2023 · -€38,302
Total assets
€22,328▼ 29.7%
2023 · €31,747
Net result
-€1,576▲ 91.2%
2023 · -€17,838
Working capital
-€32,587
2023 · €4,994
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result€6,273--€24,345-€17,296▲ 29.0%€1,514
Net result€4,115within the sector's middle half--€24,580below the sector's middle half-€17,838below the sector's middle half▲ 27.4%-€1,576below the sector's middle half▲ 91.2%
Equity€4,116below the sector's middle half--€20,464below the sector's middle half-€38,302below the sector's middle half▼ 87.2%-€39,878below the sector's middle half▼ 4.1%
Total assets€32,513below the sector's middle half-€32,759below the sector's middle half▲ 0.8%€31,747below the sector's middle half▼ 3.1%€22,328below the sector's middle half▼ 29.7%
Debt€28,397-€53,223▲ 87.4%€70,049▲ 31.6%€62,205▼ 11.2%
Working capital-€3,640below the sector's middle half--€3,063below the sector's middle half▲ 15.9%€4,994within the sector's middle half-€32,587below the sector's middle half
Solvency12.7%below the sector's middle half--62.5%below the sector's middle half▼ 75.1pp-120.6%below the sector's middle half▼ 58.2pp-178.6%below the sector's middle half▼ 58.0pp
Current ratio0.87below the sector's middle half-0.84below the sector's middle half▼ 0.031.36within the sector's middle half▲ 0.520.21below the sector's middle half▼ 1.15
Return on assets (ROA)12.7%within the sector's middle half--75.0%below the sector's middle half▼ 87.7pp-56.2%below the sector's middle half▲ 18.8pp-7.1%below the sector's middle half▲ 49.1pp
above within below the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0€10,000Operating result 2021: €6,273€6,273Net result 2021: €4,115€4,115Operating result 2022: -€24,345-€24,345Net result 2022: -€24,580-€24,580Operating result 2023: -€17,296-€17,296Net result 2023: -€17,838-€17,838Operating result 2024: €1,514€1,514Net result 2024: -€1,576-€1,5762021202220232024-€30,000-€20,000-€10,000€0Operating result 2022: -€24,345-€24,300Net result 2022: -€24,580-€24,600Operating result 2023: -€17,296-€17,300Net result 2023: -€17,838-€17,800Operating result 2024: €1,514€1,510Net result 2024: -€1,576-€1,580202220232024
The operating result returns to profit in 2024: €1,514 after a loss of €17,296 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22,328
Fixed assets €13,664 ▲ 5.5%
Current assets €8,664 ▼ 53.9%
Equity and liabilities
Equity-€39,878
Debt€62,205
Equity is negative: debt (€62,205) exceeds the balance-sheet total (€22,328).
Key figures and ratios
2024 value · change against 2023
EBITDA
€3,610▲
2023 · -€14,051
Cash flow
€520▲
2023 · -€14,593
Interest coverage
1.30▲
2023 · -31.28
Debt ≤ 1 year
€41,251▲
2023 · €13,799
Debt > 1 year
€20,954▼
2023 · €56,250
Income taxes
€320▲
2023 · €123
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a small loss
5.1% went bankrupt
5.4% stopped otherwise
89% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 1,564 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 · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€31,747€22,328▼
Fixed assets21/28€12,954€13,664▲
Tangible fixed assets22/27€11,063€11,773▲
Plant, machinery and equipment23€3,130€4,609▲
Furniture and vehicles24€7,933€7,164▼
Financial fixed assets28€1,891€1,891=
Current assets29/58€18,793€8,664▼
Amounts receivable within one year40/41€13,565€8,664▼
Trade receivables40€13,552€5,440▼
Other amounts receivable41€13€3,224▲
Cash at bank and in hand54/58€5,228-
Equity and liabilities
Total equity and liabilities10/49€31,747€22,328▼
Equity10/15-€38,302-€39,878▼
Contributions10/11€1€1=
Profit (loss) carried forward14-€38,303-€39,879▼
Amounts payable17/49€70,049€62,205▼
Amounts payable after more than one year17€56,250€20,954▼
Financial debts170/4€56,250€20,954▼
Amounts payable within one year42/48€13,799€41,251▲
Current portion of amounts payable after more than one year42-€9,515
Financial debts43-€3,444
Credit institutions430/8-€3,444
Trade debts44€468€11,050▲
Suppliers440/4€468€11,050▲
Taxes, remuneration and social security45€10,742€17,242▲
Taxes450/3€10,742€15,742▲
Remuneration and social security454/9-€1,500
Other amounts payable47/48€2,588-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,245€2,096▼
Other operating charges640/8-€50
Gross operating margin9900-€14,051€3,660▲
Operating profit (loss)9901-€17,296€1,514▲
Financial income75/76B€30-
Recurring financial income75€30-
Financial charges65/66B€449€2,770▲
Recurring financial charges65€449€2,770▲
Profit (loss) for the period before taxes9903-€17,715-€1,256▲
Income taxes67/77€123€320▲
Profit (loss) for the period9904-€17,838-€1,576▲
Profit (loss) for the period to be appropriated9905-€17,838-€1,576▲
Appropriation of the result
Profit (loss) to be appropriated9906-€38,303-€39,879▼
Profit (loss) brought forward from the previous period14P-€20,465-€38,303▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€636€1,661€3,245€2,096▼ 35.4%
Other operating charges640/8€14--€50-
Gross operating margin9900€6,923-€22,684-€14,051€3,660▲ 126%
Operating profit (loss)9901€6,273-€24,345-€17,296€1,514▲ 109%
Financial income75/76B€6€5€30--
Recurring financial income75€6€5€30--
Financial charges65/66B€106€121€449€2,770▲ 517%
Recurring financial charges65€106€121€449€2,770▲ 517%
Profit (loss) for the period before taxes9903€6,173-€24,460-€17,715-€1,256▲ 92.9%
Income taxes67/77€2,058€120€123€320▲ 160%
Profit (loss) for the period9904€4,115-€24,580-€17,838-€1,576▲ 91.2%
Profit (loss) for the period to be appropriated9905€4,115-€24,580-€17,838-€1,576▲ 91.2%
Line2021202220232024Change
Assets
Total assets20/58€32,513€32,759€31,747€22,328▼ 29.7%
Fixed assets21/28€7,756€16,199€12,954€13,664▲ 5.5%
Tangible fixed assets22/27€5,865€14,308€11,063€11,773▲ 6.4%
Plant, machinery and equipment23€3,918€3,480€3,130€4,609▲ 47.2%
Furniture and vehicles24€1,947€10,828€7,933€7,164▼ 9.7%
Financial fixed assets28€1,891€1,891€1,891€1,891=
Current assets29/58€24,757€16,560€18,793€8,664▼ 53.9%
Amounts receivable within one year40/41€22,452€14,249€13,565€8,664▼ 36.1%
Trade receivables40€22,307€14,119€13,552€5,440▼ 59.9%
Other amounts receivable41€145€129€13€3,224▲ 25,165%
Cash at bank and in hand54/58€2,305€2,311€5,228--
Equity and liabilities
Total equity and liabilities10/49€32,513€32,759€31,747€22,328▼ 29.7%
Equity10/15€4,116-€20,464-€38,302-€39,878▼ 4.1%
Contributions10/11€1€1€1€1=
Profit (loss) carried forward14€4,115-€20,465-€38,303-€39,879▼ 4.1%
Amounts payable17/49€28,397€53,223€70,049€62,205▼ 11.2%
Amounts payable after more than one year17-€30,000€56,250€20,954▼ 62.7%
Financial debts170/4-€30,000€56,250€20,954▼ 62.7%
Amounts payable within one year42/48€28,397€19,623€13,799€41,251▲ 199%
Current portion of amounts payable after more than one year42---€9,515-
Financial debts43---€3,444-
Credit institutions430/8---€3,444-
Trade debts44€13,951€608€468€11,050▲ 2,259%
Suppliers440/4€13,951€608€468€11,050▲ 2,259%
Taxes, remuneration and social security45€8,401€11,631€10,742€17,242▲ 60.5%
Taxes450/3€6,901€5,631€10,742€15,742▲ 46.5%
Remuneration and social security454/9€1,500€6,000-€1,500-
Other amounts payable47/48€6,044€7,383€2,588--
Accrued charges and deferred income492/3-€3,600---
Line2021202220232024Change
Profit (loss) for the period9904€4,115-€24,580-€17,838-€1,576▲ 91.2%
+ Depreciation and write-downs630€636€1,661€3,245€2,096▼ 35.4%
Operating cash flow (approximation)€4,751-€22,919-€14,593€520▲ 104%
Investment in fixed assets (approximation)--€10,104€0-€2,806-
Change in cash-€6€2,917--

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

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Timeline · acts, filings and financial milestones

2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
16-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial Weakest financial yearnet -€24,580
Net result drops to -€24,580, the lowest in the series; recovery starts the following year.
23-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Glabbeek · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
890 m²
Building footprint
216 m²
Volume, LiDAR
1,237 m³
Parcel 24047A0230/00V000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PeCOARCHEO
Stationsstraat 20, 3381 GlabbeekReal estate development
since 20202.308.388.479
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24047A0230/00V000 Flanders 890 m² 1 · 216 m² 8.2 m · 2 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,551 companies in this sector we hold annual accounts for 1,934. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded29-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
43130Specialised construction activities
63100Computing infrastructure, data processing, hosting and related activities
68321Property management for co-owned buildings (syndics)
71121Engineering and related technical consultancy, excluding land surveyors
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID 0208:0755364734
Also 9925:BE0755364734
Registered 14-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

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