PEFRENOR
ActivePEFRENOR has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140k and a net result of €15k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 8578 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55=
Solvency39▲+9
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.56 in 2024), and 68.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 70
lower
← 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
31.9%
Return on assets
3.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
26 d late
2023
29 d late
2022
14 d early
2021
31 d late
2020
1 d early
2019
36 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€140k▲ 12.2%
2024 · €125k
2018: €116k
2019: €108k
2020: €102k
2021: €121k
2022: €131k
2023: €111k
2024: €125k
2018 → 2025
Total assets
€440k▼ 7.3%
2024 · €475k
2018: €618k
2019: €585k
2020: €562k
2021: €539k
2022: €508k
2023: €486k
2024: €475k
2018 → 2025
Net result
€15k▲ 10.3%
2024 · €14k
2018: €3k
2019: €-8k
2020: €-7k
2021: €19k
2022: €10k
2023: €-20k
2024: €14k
2018 → 2025
Working capital
€-134k▼ 156%
2024 · €-52k
2018: €-38k
2019: €-54k
2020: €-66k
2021: €-63k
2022: €-57k
2023: €-49k
2024: €-52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€131k▲ 8.3%€111k▼ 15.1%€125k▲ 12.5%€140k▲ 12.2%
Operating result€26k-€19k▼ 26.1%€-10k€28k€45k▲ 61.4%
Net result€19k-€10k▼ 47.5%€-20k€14k€15k▲ 10.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 61% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €440k
Fixed assets
€384k▼ 5.7%
Current assets
€56k▼ 16.9%
Equity and liabilities €440k
Equity
€140k▲ 12.2%
Debt
€300k▼ 14.3%
The debt ratio falls from 73.7% to 68.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€76k▲
2024 · €58k
Cash flow
€46k▲
2024 · €44k
Solvency
31.9%▲
2024 · 26.3%
Current ratio
0.29▼
2024 · 0.56
Quick ratio
0.29▼
2024 · 0.56
Debt / equity
2.14▼
2024 · 2.80
ROE
10.9%▼
2024 · 11.1%
ROA
3.5%▲
2024 · 2.9%
Interest coverage
4.54▼
2024 · 5.86
Debt
€300k▼
2024 · €350k
Debt ≤ 1 year
€190k▲
2024 · €120k
Debt > 1 year
€110k▼
2024 · €228k
Income taxes
€13k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€475k€440k▼
Fixed assets21/28€407k€384k▼
Tangible fixed assets22/27€407k€384k▼
Land and buildings22€400k€374k▼
Plant, machinery and equipment23€1k€879▼
Furniture and vehicles24€186€1k▲
Other tangible fixed assets26€6k€8k▲
Current assets29/58€67k€56k▼
Amounts receivable within one year40/41€59k€55k▼
Trade receivables40€24k€19k▼
Other amounts receivable41€36k€36k=
Cash at bank and in hand54/58€8k€614▼
Equity and liabilities
Total equity and liabilities10/49€475k€440k▼
Equity10/15€125k€140k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€10k€25k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€4k€19k▲
Profit (loss) carried forward14€53k€53k=
Amounts payable17/49€350k€300k▼
Amounts payable after more than one year17€228k€110k▼
Financial debts170/4€155k€110k▼
Other amounts payable178/9€73k-
Amounts payable within one year42/48€120k€190k▲
Current portion of amounts payable after more than one year42€43k€44k▲
Financial debts43-€704
Credit institutions430/8-€704
Trade debts44€17k€16k▼
Suppliers440/4€17k€16k▼
Taxes, remuneration and social security45€41k€59k▲
Taxes450/3€41k€59k▲
Other amounts payable47/48€18k€71k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€31k▲
Other operating charges640/8€10k€10k▲
Gross operating margin9900€68k€86k▲
Operating profit (loss)9901€28k€45k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€10k€17k▲
Recurring financial charges65€10k€17k▲
Profit (loss) for the period before taxes9903€18k€28k▲
Income taxes67/77€4k€13k▲
Profit (loss) for the period9904€14k€15k▲
Profit (loss) for the period to be appropriated9905€14k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€68k▲
Profit (loss) brought forward from the previous period14P€39k€53k▲
Transfer to equity691/2-€15k
To other reserves6921-€15k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-20k ▼298%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2024
VEECKMANS Peter Maurice: Resigned as Director
14-07-2016
François VEECKMANS: Resigned as Manager
14-07-2016
Suzanne SCHOTMANS: Resigned as Manager
Location & real-estate footprint
Registered office, Hoegaarden
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zavelputtenstraat 93320 HoegaardenGround area
1,875 m²
Building footprint
263 m²
Volume, LiDAR
1,447 m³
Parcel 24041B0327/00N003, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24041B0327/00N003 | Flanders | 1,875 m² | 1 · 263 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ACCOUNTANTSKANTOOR PAUL MERCKX & KOEN HASPESLAGH
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 40,723 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-10-1998
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.