PEDICO
ActiveSummary
PEDICO has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of -€95,734. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 57% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▲+11
Solvency68▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.5 in 2024; short-term debt: 25.4% and cash: 5.5% of total assets), and 56.5% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€95,734
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
on the day
2021
3 d early
2020
25 d early
2019
46 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 11 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 oldest company in Turnhout, Wholesale and retail trade sector
Equity
€2.0m▼ 4.6%
2024 · €2.1m
Total assets
€4.6m▼ 9.8%
2024 · €5.1m
Net result
-€95,734▲ 41.0%
2024 · -€162,175
Working capital
€403,925▼ 35.3%
2024 · €624,396
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Operating result-€61,238▲ 72.5%€117,748-€81,951-€210,957▼ 157%-€140,689▲ 33.3%
Net result-€21,757below the sector's middle half▲ 87.0%€173,763above the sector's middle half€616below the sector's middle half▼ 99.6%-€162,175below the sector's middle half-€95,734below the sector's middle half▲ 41.0%
Equity€2.1mabove the sector's middle half▼ 1.0%€2.2mabove the sector's middle half▲ 8.4%€2.2mabove the sector's middle half=€2.1mabove the sector's middle half▼ 7.2%€2.0mabove the sector's middle half▼ 4.6%
Total assets€5.6mabove the sector's middle half▼ 2.5%€5.4mabove the sector's middle half▼ 2.6%€5.1mabove the sector's middle half▼ 5.1%€5.1mabove the sector's middle half▼ 1.2%€4.6mabove the sector's middle half▼ 9.8%
Debt€3.5m▼ 3.4%€3.2m▼ 9.2%€2.9m▼ 8.8%€3.0m▲ 3.4%€2.6m▼ 13.5%
Working capital€842,455above the sector's middle half▲ 2.2%€994,808above the sector's middle half▲ 18.1%€930,902above the sector's middle half▼ 6.4%€624,396above the sector's middle half▼ 32.9%€403,925within the sector's middle half▼ 35.3%
Solvency37.3%within the sector's middle half▲ 0.6pp41.5%within the sector's middle half▲ 4.2pp43.7%within the sector's middle half▲ 2.2pp41.1%within the sector's middle half▼ 2.6pp43.5%within the sector's middle half▲ 2.4pp
Current ratio1.94within the sector's middle half▼ 0.052.21within the sector's middle half▲ 0.272.17within the sector's middle half▼ 0.041.50within the sector's middle half▼ 0.671.35within the sector's middle half▼ 0.15
Return on assets (ROA)-0.4%below the sector's middle half▲ 2.5pp3.2%within the sector's middle half▲ 3.6pp0.0%below the sector's middle half▼ 3.2pp-3.2%below the sector's middle half▼ 3.2pp-2.1%below the sector's middle half▲ 1.1pp
Staff (FTE)15.9above the sector's middle half▼ 10.7%16above the sector's middle half▲ 0.6%15.9above the sector's middle half▼ 0.6%14.9above the sector's middle half▼ 6.3%14.2above the sector's middle half▼ 4.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €140,689 in 2025 against €210,957 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets
€3.0m ▼ 6.2%
Current assets
€1.6m ▼ 16.1%
Equity and liabilities €4.6m
Equity
€2.0m ▼ 4.6%
Debt
€2.6m ▼ 13.5%
Debt's share of the balance-sheet total falls from 58.9% to 56.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€62,277▲
2024 · -€552
Cash flow
€107,232▲
2024 · €48,230
Quick ratio
0.23▼
2024 · 0.29
Debt to equity
1.30▼
2024 · 1.43
ROE
-4.8%▲
2024 · -7.8%
Interest coverage
1.24▲
2024 · -0.01
Debt ≤ 1 year
€1.2m▼
2024 · €1.2m
Debt > 1 year
€1.4m▼
2024 · €1.7m
Income taxes
€1,379▲
2024 · €1,313
Staff costs
€901,640▲
2024 · €895,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 8,611 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €727,615 | €883,381 | €895,889 | €901,640 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €231,044 | €228,579 | €228,436 | €210,405 | €202,967 | ▼ 3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €14,702 | €19,876 | €21,621 | €21,974 | ▲ 1.6% |
| Non-recurring operating charges66A | - | - | €1,000 | €0 | - | - |
| Gross operating margin9900 | €789,048 | €1.1m | €1.1m | €916,958 | €985,891 | ▲ 7.5% |
| Operating profit (loss)9901 | -€61,238 | €117,748 | -€81,951 | -€210,957 | -€140,689 | ▲ 33.3% |
| Financial income75/76B | - | €91,745 | €118,415 | €106,984 | €96,708 | ▼ 9.6% |
| Recurring financial income75 | €84,038 | €91,745 | €118,415 | €106,984 | €96,708 | ▼ 9.6% |
| Financial charges65/66B | - | €34,542 | €34,581 | €56,889 | €50,374 | ▼ 11.5% |
| Recurring financial charges65 | €43,151 | €34,542 | €34,581 | €56,889 | €50,374 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | -€20,351 | €174,951 | €1,883 | -€160,862 | -€94,355 | ▲ 41.3% |
| Income taxes67/77 | €1,406 | €1,188 | €1,267 | €1,313 | €1,379 | ▲ 5.0% |
| Profit (loss) for the period9904 | -€21,757 | €173,763 | €616 | -€162,175 | -€95,734 | ▲ 41.0% |
| Profit (loss) for the period to be appropriated9905 | -€21,757 | €173,763 | €616 | -€162,175 | -€95,734 | ▲ 41.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.6m | €5.4m | €5.1m | €5.1m | €4.6m | ▼ 9.8% |
| Fixed assets21/28 | €3.8m | €3.6m | €3.4m | €3.2m | €3.0m | ▼ 6.2% |
| Tangible fixed assets22/27 | €3.8m | €3.6m | €3.4m | €3.2m | €3.0m | ▼ 6.2% |
| Land and buildings22 | - | €3.6m | €3.4m | €3.2m | €3.0m | ▼ 5.9% |
| Plant, machinery and equipment23 | - | €5,354 | €44,287 | €39,205 | €28,454 | ▼ 27.4% |
| Furniture and vehicles24 | - | €9,401 | €0 | - | - | - |
| Financial fixed assets28 | €708 | €708 | €708 | €708 | €708 | = |
| Current assets29/58 | €1.7m | €1.8m | €1.7m | €1.9m | €1.6m | ▼ 16.1% |
| Stocks and contracts in progress3 | €1.1m | €1.0m | €1.5m | €1.5m | €1.3m | ▼ 13.6% |
| Stocks30/36 | - | €1.0m | €1.5m | €1.5m | €1.3m | ▼ 13.6% |
| Amounts receivable within one year40/41 | €4,670 | €16,598 | €4,620 | €2,201 | €7,705 | ▲ 250% |
| Trade receivables40 | - | €16,509 | €4,531 | €2,201 | €7,705 | ▲ 250% |
| Other amounts receivable41 | - | €89 | €89 | €0 | - | - |
| Cash at bank and in hand54/58 | €628,312 | €789,432 | €241,115 | €352,161 | €251,482 | ▼ 28.6% |
| Deferred charges and accrued income490/1 | - | €2,197 | €2,236 | €2,095 | €2,871 | ▲ 37.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.6m | €5.4m | €5.1m | €5.1m | €4.6m | ▼ 9.8% |
| Equity10/15 | €2.1m | €2.2m | €2.2m | €2.1m | €2.0m | ▼ 4.6% |
| Contributions10/11 | €515,920 | €515,920 | €515,920 | €515,920 | €515,920 | = |
| Capital10 | - | €515,920 | €515,920 | €515,920 | €515,920 | = |
| Issued capital100 | - | €515,920 | €515,920 | €515,920 | €515,920 | = |
| Reserves13 | €919,805 | €919,805 | €919,805 | €919,805 | €919,805 | = |
| Non-distributable reserves130/1 | - | €51,592 | €51,592 | €51,592 | €51,592 | = |
| Legal reserve130 | - | €51,592 | €51,592 | €51,592 | €51,592 | = |
| Tax-exempt reserves132 | - | €10,006 | €10,006 | €10,006 | €10,006 | = |
| Distributable reserves133 | - | €858,207 | €858,207 | €858,207 | €858,207 | = |
| Profit (loss) carried forward14 | €639,009 | €812,772 | €813,388 | €651,213 | €555,479 | ▼ 14.7% |
| Amounts payable17/49 | €3.5m | €3.2m | €2.9m | €3.0m | €2.6m | ▼ 13.5% |
| Amounts payable after more than one year17 | €2.6m | €2.3m | €2.1m | €1.7m | €1.4m | ▼ 18.6% |
| Financial debts170/4 | - | €2.3m | €2.1m | €1.7m | €1.4m | ▼ 18.6% |
| Amounts payable within one year42/48 | €893,447 | €823,508 | €795,835 | €1.2m | €1.2m | ▼ 6.4% |
| Current portion of amounts payable after more than one year42 | - | €249,989 | €249,989 | €249,989 | €249,989 | = |
| Financial debts43 | - | - | €80,000 | €415,000 | €330,000 | ▼ 20.5% |
| Credit institutions430/8 | - | - | €80,000 | €415,000 | €330,000 | ▼ 20.5% |
| Trade debts44 | €113,601 | €134,894 | €135,016 | €202,087 | €226,750 | ▲ 12.2% |
| Suppliers440/4 | - | €134,894 | €135,016 | €202,087 | €226,750 | ▲ 12.2% |
| Taxes, remuneration and social security45 | - | €184,962 | €185,014 | €217,700 | €196,516 | ▼ 9.7% |
| Taxes450/3 | - | €109,907 | €129,219 | €127,730 | €102,383 | ▼ 19.8% |
| Remuneration and social security454/9 | - | €75,056 | €55,795 | €89,970 | €94,132 | ▲ 4.6% |
| Other amounts payable47/48 | - | €253,662 | €145,815 | €159,792 | €161,172 | ▲ 0.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,156 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,757 | €173,763 | €616 | -€162,175 | -€95,734 | ▲ 41.0% |
| + Depreciation and write-downs630 | €231,044 | €228,579 | €228,436 | €210,405 | €202,967 | ▼ 3.5% |
| Operating cash flow (approximation) | €209,287 | €402,342 | €229,052 | €48,230 | €107,232 | ▲ 122% |
| Investment in fixed assets (approximation) | - | €0 | -€42,969 | -€4,746 | -€3,870 | ▲ 18.5% |
| Change in cash | - | €161,120 | -€548,316 | €111,045 | -€100,679 | ▼ 191% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €173,763
Net result €173,763 after 3 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet -€167,703
Net result drops to -€167,703, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity triplescurrent ratio 1.99
Current ratio from 0.71 to 1.99; short-term debt falls from €2.4m to €828,996.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Turnhout · 3 establishment units since 1976
Ground area
5,682 m²
Building footprint
1,896 m²
Volume, LiDAR
5,772 m³
3 parcels, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Pater Van Mierlostraat 17, 2300 Turnhout
since 19762.012.673.289
Diestsestraat(S) 195, 3270 Scherpenheuvel-Zichem
since 19772.012.673.190
Nieuwstraat 27, 2440 Geel
since 19932.204.701.815
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24403C0216/00K002 | Flanders | 3,679 m² | 1 · 764 m² | 10.9 m · 2 fl. |
| 13008H0449/00F000 | Flanders | 1,278 m² | 1 · 1,079 m² | - |
| 13454P0254/00R006 | Flanders | 724 m² | 1 · 53 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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 ownerOwners 1
- AMIparentSourceaccounts AMI 202599.92%
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 419 EUR awarded · 419 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 419 EUR | 419 EUR |
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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 230 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-09-1976
Fiscal year end30-06
Activities, NACEBEL 2025
47721Retail sale of footwear
47722Retail trade
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0416390811
Also
9925:BE0416390811
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.