Result
€50,641 €50,641
Back in profit in 2025, after a loss of €344,708 in 2024.
Pedro Soete
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €2.2m (2020)
€1.9m▲ 25.3%
lowest -€384,425 (2023)
€50,641▲ €395,349
peak €1.8m (2022)
€1.2m▲ 4.5%
€3.8m▼ 7.2%
peak 24.9 FTE (2023)
22.6 FTE▼ 5.8%
Board2 names since 2021
-
Documentsfilings and deeds
03-02-2026178 days before the deadline
2025abbreviated format
Gross margin from €1.5m to €1.9mBack to profit: €50,641Cash from €131,321 to €72,555
Key points
from the 2025 annual accountsTurnover
≈ €5.4m estimated
The abbreviated format states no turnover.
Debts
€3.8m 75% of the balance sheet
Financial debts 51%Suppliers 31%Taxes and wages 2%Other 16%
Of this, €1.9m falls due within a year.
Filings
20 annual accounts since 2006
Five of the last ten came late. The 2024 accounts came latest: 104 days after the end of the period.
At the same address
13 companies
Position in the sector
€1.2m
More equity than 89% of companies in specialised construction. Sector median €250,541 · 9,969 companies.
Checked score
62
Healthy
Financially stronger than 33% of small companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%
01-2025: 2.9%● unchanged vs 12-2024
02-2025: 2.9%● unchanged vs 01-2025
03-2025: 2.9%● unchanged vs 02-2025
04-2025: 3.0%▲ +0.1 percentage points vs 03-2025
05-2025: 2.9%▼ -0.1 percentage points vs 04-2025
06-2025: 3.0%▲ +0.1 percentage points vs 05-2025
07-2025: 3.3%▲ +0.3 percentage points vs 06-2025
08-2025: 3.8%▲ +0.5 percentage points vs 07-2025
09-2025: 4.0%▲ +0.2 percentage points vs 08-2025
10-2025: 4.4%▲ +0.4 percentage points vs 09-2025
11-2025: 4.4%● unchanged vs 10-2025highest value
12-2025: 2.8%▼ -1.6 percentage points vs 11-2025
01-2026: 2.8%● unchanged vs 12-2025
02-2026: 2.8%● unchanged vs 01-2026
03-2026: 1.5%▼ -1.3 percentage points vs 02-2026lowest value
04-2026: 1.5%● unchanged vs 03-2026lowest value
05-2026: 1.5%● unchanged vs 04-2026lowest value
06-2026: 1.5%● unchanged vs 05-2026lowest value
07-2026: 1.5%● unchanged vs 06-2026lowest value
08-2026: 1.6%▲ +0.1 percentage points vs 07-2026
09-2026: 1.6%● unchanged vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.80, cash €72,555
2 of the last 3 accounts late
Equity €1.2m (22.9% of total assets)
Size: 22.6 FTE, total assets €5.1m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 26% of them on solvency, 30% on liquidity, 30% on profitability and 47% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as Pedro Soete has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
The bankruptcy probability of Pedro Soete itself is higher: 1.6% within 12 months. It rests on far more data about Pedro Soete than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for Pedro Soete. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.8 (0.83 in 2024), below 1. Short-term debt is 37.9% and cash 1.4% of total assets. 77.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9967 sector peers (2025).
NBB · sector comparisonPosition among 9967 sector peers
Solvency
better than 24%
← weakest
strongest →
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 03-02-2026, 178 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
178 days early
2024
104 days late
2023
92 days late
2022
31 days late
2021
72 days late
2020
2 days early
2019
79 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 October (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Change of role: Pedro Soete, from statutory manager to director
Appointment: Ilse Vandecandelaere (successor director) · Director discharge: Pedro Soete · General meeting of 07-03-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0878283530
Environmental permit granted
Bouwen of herbouwen · Ieper
Environmental permit granted
Bouwen of herbouwen · Ieper
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Pedro Soete Ypres | €5.1m | €1.9m | 22.9% | 22.6 |
| AVC GEMINO Kortrijk | €4.4m | €2.6m | 55.5% | 19 |
| VERVO Ledegem | €3.2m | €1.8m | 57.5% | 18.9 |
| COOPMAN Zonnebeke | €3.2m | €2.5m | 32.2% | 20.8 |
| Menuiserie Pierre Alexandre Fernelmont | €4.6m | €2.1m | 55.5% | 27.5 |
| ROOS Oudenaarde | €4.3m | €1.8m | 47.7% | 21.5 |
| INSIDE PROJECTS Peer | €4.0m | €1.7m | 50.5% | 19.8 |
These companies have the same main activity as Pedro Soete: joinery installation (NACE 43320). They are comparable in size and age: total assets between €3.2m and €4.6m, founded between 2001 and 2009.
Official details
Source: KBO- Status
- Active since 30-12-2005Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Joinery installationNACE 43320
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 2025
- Establishment unit
- 2.150.834.6468904 Ypres, since 01-01-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €5.1m▼ 4.7%
- Employeeson 31-12-2025
- 23▼ 8.0%
- Filing
- Filed on 03-02-2026, 178 days before the end of the filing period
Insights on Pedro Soete
Pedro Soete files the abbreviated format. That format states no turnover. The gross margin rose from €219,727 in 2007 to €1.9m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Pedro Soete
- What is the company number of Pedro Soete?
- The company number of Pedro Soete is 0878.283.530. The VAT number is the same number with BE in front: BE 0878.283.530.
- Where is Pedro Soete based?
- The registered office is at Langemarkseweg 10, 8904 Ypres.Company details
- What does Pedro Soete do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of Pedro Soete?
- Pedro Soete is a private limited company (BV).
- When was Pedro Soete founded?
- Pedro Soete was founded on 30-12-2005.
- Is Pedro Soete still active?
- Yes, Pedro Soete is an active enterprise in the KBO register.
- How many employees does Pedro Soete have?
- Pedro Soete had an average of 22.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Pedro Soete fall under?
- In its 2025 annual accounts, Pedro Soete states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of Pedro Soete?
- The turnover in financial year 2025 is ≈ €5.4m. This figure is estimated from the gross margin of €1.9m and 67 comparable companies (NACE 43). It probably lies between €4.1m and €7.2m.
- Is Pedro Soete profitable?
- In financial year 2025, Pedro Soete made a profit of €50,641.
- Where can I find the annual accounts of Pedro Soete?
- Pedro Soete filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Pedro Soete due?
- Pedro Soete must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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