PEDE
ActiveSummary
PEDE has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of €88,198. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 41% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+12
Solvency67▼-6
Growth36▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.19 in 2024; short-term debt: 31.6% and cash: 0.1% of total assets), and 57.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
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
42.4%
Return on assets
0.8%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
31 d early
2023
9 d early
2022
on the day
2021
3 d early
2020
1 d early
2019
2 d early
← 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 9 days before 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. Usually files around 23 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by total assets in Wetteren, Professional and technical services sector#5 oldest company in Wetteren, Professional and technical services sector#6 company by equity in Wetteren, Professional and technical services sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€14,996
2024 · €0
EBIT margin
2222.9%▼ 57688.5pp
2023 · 59911.4%
Net result
€88,198▼ 60.8%
2024 · €225,048
Working capital
-€2.7m▲ 2.2%
2024 · -€2.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Turnover€1,350€750▼ 44.4%€0▼ 100%€14,996
Operating result€470,566▲ 10.0%€663,024▲ 40.9%€449,335▼ 32.2%€475,426▲ 5.8%€333,345▼ 29.9%
Net result€687,135above the sector's middle half▲ 199%€429,180above the sector's middle half▼ 37.5%€723,854above the sector's middle half▲ 68.7%€225,048within the sector's middle half▼ 68.9%€88,198within the sector's middle half▼ 60.8%
EBIT margin49112.9%59911.4%▲ 10798.5pp2222.9%
Equity€4.9mabove the sector's middle half▲ 16.5%€5.3mabove the sector's middle half▲ 8.8%€6.0mabove the sector's middle half▲ 14.1%€6.3mabove the sector's middle half▲ 3.7%€4.6mwithin the sector's middle half▼ 27.1%
Total assets€12.0mabove the sector's middle half▼ 6.7%€12.7mabove the sector's middle half▲ 6.1%€13.5mabove the sector's middle half▲ 6.4%€13.1mabove the sector's middle half▼ 3.0%€10.8mwithin the sector's middle half▼ 17.8%
Debt€6.9m▼ 19.9%€7.2m▲ 4.2%€7.3m▲ 1.3%€6.7m▼ 8.4%€6.1m▼ 9.3%
Working capital-€2.6mbelow the sector's middle half▼ 23.6%-€2.4mbelow the sector's middle half▲ 10.5%-€2.0mbelow the sector's middle half▲ 15.5%-€2.8mbelow the sector's middle half▼ 38.2%-€2.7mbelow the sector's middle half▲ 2.2%
Solvency40.6%within the sector's middle half▲ 8.1pp41.6%within the sector's middle half▲ 1.0pp44.7%within the sector's middle half▲ 3.0pp47.8%within the sector's middle half▲ 3.1pp42.4%within the sector's middle half▼ 5.4pp
Current ratio0.21below the sector's middle half▼ 0.180.29below the sector's middle half▲ 0.080.37below the sector's middle half▲ 0.080.19below the sector's middle half▼ 0.180.21below the sector's middle half▲ 0.01
Return on assets (ROA)5.7%within the sector's middle half▲ 4.0pp3.4%within the sector's middle half▼ 2.4pp5.4%within the sector's middle half▲ 2.0pp1.7%within the sector's middle half▼ 3.6pp0.8%within the sector's middle half▼ 0.9pp
Staff (FTE)2within the sector's middle half=1.9within the sector's middle half▼ 5.0%1.8within the sector's middle half▼ 5.3%1.8within the sector's middle half=1.8within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.8m
Fixed assets
€10.1m ▼ 19.1%
Current assets
€700,356 ▲ 6.5%
Equity and liabilities €10.8m
Equity
€4.6m ▼ 27.1%
Provisions
€144,047 ▼ 10.3%
Debt
€6.1m ▼ 9.3%
Debt's share of the balance-sheet total rises from 51.0% to 56.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.0m▲
2024 · €969,314
Cash flow
€786,610▲
2024 · €718,937
Debt to equity
1.33▲
2024 · 1.07
ROE
1.9%▼
2024 · 3.6%
Interest coverage
5.75▲
2024 · 5.38
Debt ≤ 1 year
€3.4m▼
2024 · €3.4m
Debt > 1 year
€2.7m▼
2024 · €3.3m
Income taxes
€82,180▼
2024 · €86,864
Staff costs
€123,285▲
2024 · €117,186
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 17,027 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.2m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 5.1% |
| Turnover70 | - | €1,350 | €750 | €0 | €14,996 | - |
| Other operating income74 | €1.2m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 4.0% |
| Operating charges60/66A | €725,497 | €775,878 | €944,882 | €940,703 | €1.2m | ▲ 22.8% |
| Services and other goods61 | €128,016 | €136,669 | €189,456 | €159,603 | €227,746 | ▲ 42.7% |
| Remuneration, social security and pensions62 | €98,598 | €102,996 | €115,604 | €117,186 | €123,285 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €443,772 | €438,454 | €426,281 | €493,889 | €698,411 | ▲ 41.4% |
| Other operating charges640/8 | €55,111 | €97,758 | €202,812 | €86,262 | €105,639 | ▲ 22.5% |
| Non-recurring operating charges66A | - | - | €10,729 | €83,764 | €0 | ▼ 100% |
| Operating profit (loss)9901 | €470,566 | €663,024 | €449,335 | €475,426 | €333,345 | ▼ 29.9% |
| Financial income75/76B | €425,000 | €0 | €500,000 | €0 | €320 | - |
| Recurring financial income75 | €425,000 | €0 | €500,000 | €0 | €320 | - |
| Income from financial fixed assets750 | €425,000 | €0 | €500,000 | €0 | - | - |
| Other financial income752/9 | €0 | €0 | - | - | €320 | - |
| Financial charges65/66B | €110,840 | €89,877 | €149,953 | €180,023 | €179,795 | ▼ 0.1% |
| Recurring financial charges65 | €110,840 | €89,877 | €149,953 | €180,023 | €179,795 | ▼ 0.1% |
| Debt charges650 | €110,840 | €89,877 | €148,734 | €180,023 | €179,475 | ▼ 0.3% |
| Other financial charges652/9 | - | - | €1,219 | €0 | €321 | - |
| Profit (loss) for the period before taxes9903 | €784,726 | €573,147 | €799,382 | €295,403 | €153,869 | ▼ 47.9% |
| Transfer from deferred taxes780 | €16,796 | €16,682 | €16,315 | €16,509 | €16,509 | = |
| Transfer to deferred taxes680 | - | €25,737 | €10,928 | €0 | - | - |
| Income taxes67/77 | €114,386 | €134,913 | €80,916 | €86,864 | €82,180 | ▼ 5.4% |
| Taxes670/3 | €114,386 | €134,913 | €80,916 | €86,864 | €82,180 | ▼ 5.4% |
| Profit (loss) for the period9904 | €687,135 | €429,180 | €723,854 | €225,048 | €88,198 | ▼ 60.8% |
| Transfer from tax-exempt reserves789 | €50,388 | €50,047 | €48,946 | €49,528 | €49,528 | = |
| Transfer to tax-exempt reserves689 | - | €77,210 | €32,783 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €737,524 | €402,018 | €740,016 | €274,576 | €137,726 | ▼ 49.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.0m | €12.7m | €13.5m | €13.1m | €10.8m | ▼ 17.8% |
| Fixed assets21/28 | €11.3m | €11.7m | €12.3m | €12.5m | €10.1m | ▼ 19.1% |
| Intangible fixed assets21 | €302,450 | €266,856 | €231,262 | €195,668 | €1.4m | ▲ 614% |
| Tangible fixed assets22/27 | €7.5m | €7.3m | €8.0m | €8.1m | €7.9m | ▼ 2.3% |
| Land and buildings22 | €7.5m | €7.3m | €7.9m | €7.7m | €7.6m | ▼ 1.4% |
| Plant, machinery and equipment23 | €15,291 | €33,302 | €18,692 | €295,173 | €236,020 | ▼ 20.0% |
| Furniture and vehicles24 | €13,543 | €187 | €41,736 | €90,196 | €65,190 | ▼ 27.7% |
| Other tangible fixed assets26 | €1,247 | €933 | €0 | - | - | - |
| Financial fixed assets28 | €3.4m | €4.1m | €4.1m | €4.1m | €751,873 | ▼ 81.8% |
| Affiliated companies280/1 | €3.4m | €4.1m | €4.1m | €4.1m | €751,873 | ▼ 81.8% |
| Participating interests280 | €3.4m | €4.1m | €4.1m | €4.1m | €751,873 | ▼ 81.8% |
| Current assets29/58 | €705,132 | €983,560 | €1.2m | €657,903 | €700,356 | ▲ 6.5% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €684,485 | €973,228 | €660,202 | €649,265 | €692,999 | ▲ 6.7% |
| Trade receivables40 | €215,797 | €372,392 | €15,282 | €23,751 | €32,052 | ▲ 35.0% |
| Other amounts receivable41 | €468,688 | €600,836 | €644,920 | €625,514 | €660,947 | ▲ 5.7% |
| Cash at bank and in hand54/58 | €11,722 | €6,254 | €11,489 | €7,691 | €6,368 | ▼ 17.2% |
| Deferred charges and accrued income490/1 | €8,925 | €4,078 | €500,947 | €947 | €989 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.0m | €12.7m | €13.5m | €13.1m | €10.8m | ▼ 17.8% |
| Equity10/15 | €4.9m | €5.3m | €6.0m | €6.3m | €4.6m | ▼ 27.1% |
| Contributions10/11 | €527,248 | €527,248 | €527,248 | €527,248 | €516,160 | ▼ 2.1% |
| Reserves13 | €4.3m | €4.8m | €5.5m | €5.7m | €4.1m | ▼ 29.4% |
| Tax-exempt reserves132 | €596,869 | €624,031 | €632,401 | €582,873 | €517,711 | ▼ 11.2% |
| Distributable reserves133 | €3.7m | €4.1m | €4.9m | €5.2m | €3.5m | ▼ 31.4% |
| Provisions and deferred taxes16 | €197,931 | €206,985 | €177,065 | €160,556 | €144,047 | ▼ 10.3% |
| Deferred taxes168 | €197,931 | €206,985 | €177,065 | €160,556 | €144,047 | ▼ 10.3% |
| Amounts payable17/49 | €6.9m | €7.2m | €7.3m | €6.7m | €6.1m | ▼ 9.3% |
| Amounts payable after more than one year17 | €3.6m | €3.9m | €4.1m | €3.3m | €2.7m | ▼ 18.4% |
| Financial debts170/4 | €3.6m | €3.9m | €4.1m | €3.3m | €2.7m | ▼ 18.4% |
| Credit institutions173 | €3.6m | €3.9m | €4.1m | €3.3m | €2.7m | ▼ 18.4% |
| Amounts payable within one year42/48 | €3.4m | €3.4m | €3.2m | €3.4m | €3.4m | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | €966,128 | €1.0m | €662,325 | €1.2m | €727,169 | ▼ 39.1% |
| Financial debts43 | €25,047 | €16,707 | €0 | - | - | - |
| Credit institutions430/8 | €25,047 | €16,707 | €0 | - | - | - |
| Trade debts44 | €41,873 | €18,433 | €1,485 | €230,712 | €154,434 | ▼ 33.1% |
| Suppliers440/4 | €41,873 | €18,433 | €1,485 | €230,712 | €154,434 | ▼ 33.1% |
| Advances received on contracts in progress46 | €1,804 | €1,804 | €1,804 | - | - | - |
| Taxes, remuneration and social security45 | €42,901 | €24,669 | €54,558 | €94,087 | €68,394 | ▼ 27.3% |
| Taxes450/3 | €26,705 | €19,417 | €35,850 | €77,941 | €51,225 | ▼ 34.3% |
| Remuneration and social security454/9 | €16,197 | €5,252 | €18,709 | €16,146 | €17,170 | ▲ 6.3% |
| Other amounts payable47/48 | €2.3m | €2.3m | €2.5m | €1.9m | €2.5m | ▲ 28.9% |
| Accrued charges and deferred income492/3 | €335 | €1,156 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €687,135 | €429,180 | €723,854 | €225,048 | €88,198 | ▼ 60.8% |
| + Depreciation and write-downs630 | €443,772 | €438,454 | €426,281 | €493,889 | €698,411 | ▲ 41.4% |
| Operating cash flow (approximation) | €1.1m | €867,634 | €1.2m | €718,937 | €786,610 | ▲ 9.4% |
| Investment in fixed assets (approximation) | - | -€891,817 | -€1.0m | -€607,463 | €1.7m | ▲ 376% |
| Change in cash | - | -€5,468 | €5,235 | -€3,798 | -€1,323 | ▲ 65.2% |
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
28-07
State Gazette act
Declaration · General meeting
Director resignation · Director appointment
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €88,198 ▼60.8%
Net result drops to €88,198, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €5mEq €5.3m ▲8.8%
5 profitable years in a row build equity to €5.3m.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Wetteren · 1 establishment unit since 1986
Ground area
1.3 ha
Building footprint
7,552 m²
Volume, LiDAR
46,113 m³
Parcel 42025G0809/00D000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Biezeweg 12, 9230 Wetteren
since 19862.028.236.841
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G0809/00D000 | Flanders | 1.3 ha | 1 · 7,552 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.
Structure & network
Owners and holdings
3 owners · 3 holdingsChain of control
- MARK P-INVEST
- PEDE
Highest known parent: MARK P-INVEST. The sources do not say who stands above it.
Owners 3
-
71.08%
- Luc Pedenatural personSourceown accounts 202519.02%
- Marc Pedenatural personSourceown accounts 20259.9%
Holdings 3
- Bieren Van de VoordesubsidiaryEquity €510,723Result €54,976100%
-
30%
- Equity €312,780Result €61,3920%
According to the 2025 annual accounts of PEDE 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
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Identification & contact
Identification
Legal formPrivate limited company
Founded15-02-1985
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427962416
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.