PEGASE
ActiveSummary
PEGASE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €205.7m and a net result of €56.8m. Equity is growing by ~8.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+22
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
short-term debt: 0.1% and cash: 6.7% of total assets, and 0.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
99.9%
Return on assets
27.6%
Age of the figures
15 mo
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 02-12-2025, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
53 d early
2023
43 d early
2022
70 d early
2021
63 d early
2020
68 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 57 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56.8m▲ 411%
2024 · €11.1m
Working capital
€31.8m▲ 19.1%
2024 · €26.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€254,658▲ 21.0%-€377,641▼ 48.3%-€433,181▼ 14.7%-€667,861▼ 54.2%-€1.5m▼ 127%
Net result€26.4m▲ 340%€556,388▼ 97.9%€6.8m▲ 1,124%€11.1m▲ 63.2%€56.8m▲ 411%
Equity€130.5m▲ 25.4%€131.0m▲ 0.4%€137.9m▲ 5.2%€149.0m▲ 8.1%€205.7m▲ 38.1%
Total assets€130.6m▲ 25.4%€131.2m▲ 0.4%€137.9m▲ 5.2%€149.2m▲ 8.1%€205.9m▲ 38.0%
Debt€140,332▲ 14.4%€137,433▼ 2.1%€85,338▼ 37.9%€208,170▲ 144%€186,115▼ 10.6%
Working capital€45.8m▲ 116%€46.8m▲ 2.1%€15.7m▼ 66.4%€26.7m▲ 69.4%€31.8m▲ 19.1%
Staff (FTE)1=
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.5m in 2025 against €667,861 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205.9m
Fixed assets
€174.0m ▲ 42.1%
Current assets
€31.9m ▲ 19.6%
Equity and liabilities €205.9m
Equity
€205.7m ▲ 38.1%
Debt
€186,115 ▼ 10.6%
Debt's share of the balance-sheet total stays at 0.1%.
Key figures and ratios
EBITDA
-€1.3m▼
2024 · -€475,156
Cash flow
€57.0m▲
2024 · €11.3m
Debt to equity
0.00▼
2024 · 0.00
ROE
27.6%▲
2024 · 7.5%
ROA
27.6%▲
2024 · 7.5%
Interest coverage
-0.52▲
2024 · -3.44
Debt ≤ 1 year
€170,537▲
2024 · €45,278
Income taxes
€347,818▲
2024 · €75,244
A ratio outside any meaningful range has been withheld (balance sheet total €205.9m, equity €205.7m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €44,663 | €45,447 | €68,843 | €83,230 | ▲ 20.9% |
| Other operating income74 | - | €44,663 | €45,447 | €68,843 | €83,230 | ▲ 20.9% |
| Operating charges60/66A | - | €422,304 | €478,628 | €736,704 | €1.6m | ▲ 117% |
| Purchases600/8 | - | €0 | - | - | - | - |
| Services and other goods61 | - | €271,345 | €297,768 | €522,144 | €1.4m | ▲ 160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108,614 | €132,785 | €163,310 | €192,704 | €218,008 | ▲ 13.1% |
| Other operating charges640/8 | - | €18,173 | €17,549 | €21,855 | €23,401 | ▲ 7.1% |
| Operating profit (loss)9901 | -€254,658 | -€377,641 | -€433,181 | -€667,861 | -€1.5m | ▼ 127% |
| Financial income75/76B | - | €2.4m | €6.9m | €12.0m | €61.1m | ▲ 410% |
| Recurring financial income75 | €27.6m | €2.4m | €6.9m | €12.0m | €53.9m | ▲ 350% |
| Income from financial fixed assets750 | - | €1.5m | €2.4m | €2.9m | €50.2m | ▲ 1,612% |
| Income from current assets751 | - | €842,137 | €595,295 | €643,666 | €206,679 | ▼ 67.9% |
| Other financial income752/9 | - | €29,203 | €3.9m | €8.4m | €3.6m | ▼ 57.8% |
| Non-recurring financial income76B | - | - | - | - | €7.2m | - |
| Financial charges65/66B | - | €1.4m | -€392,627 | €137,975 | €2.5m | ▲ 1,699% |
| Recurring financial charges65 | -€343,539 | €901,992 | -€392,627 | €137,975 | €2.5m | ▲ 1,699% |
| Debt charges650 | €9,833 | €80,035 | €4,898 | - | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €719,142 | -€1.2m | - | €148,734 | - |
| Other financial charges652/9 | - | €102,815 | €831,721 | €137,975 | €2.3m | ▲ 1,591% |
| Non-recurring financial charges66B | - | €500,000 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €26.5m | €586,950 | €6.8m | €11.2m | €57.1m | ▲ 411% |
| Income taxes67/77 | €36,883 | €30,562 | €26,775 | €75,244 | €347,818 | ▲ 362% |
| Taxes670/3 | - | €30,562 | €26,775 | €75,244 | €347,818 | ▲ 362% |
| Profit (loss) for the period9904 | €26.4m | €556,388 | €6.8m | €11.1m | €56.8m | ▲ 411% |
| Profit (loss) for the period to be appropriated9905 | €26.4m | €556,388 | €6.8m | €11.1m | €56.8m | ▲ 411% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130.6m | €131.2m | €137.9m | €149.2m | €205.9m | ▲ 38.0% |
| Fixed assets21/28 | €84.7m | €84.3m | €122.1m | €122.5m | €174.0m | ▲ 42.1% |
| Tangible fixed assets22/27 | €5.3m | €6.3m | €6.7m | €7.0m | €7.2m | ▲ 2.6% |
| Land and buildings22 | - | €6.3m | €6.7m | €7.0m | €7.2m | ▲ 2.7% |
| Furniture and vehicles24 | - | €19,295 | €11,795 | €4,295 | - | - |
| Financial fixed assets28 | €79.3m | €78.0m | €115.4m | €115.4m | €166.8m | ▲ 44.5% |
| Affiliated companies280/1 | - | €35.6m | €35.5m | €35.3m | €43.3m | ▲ 22.4% |
| Participating interests280 | - | €33.5m | €33.5m | €33.5m | €41.3m | ▲ 23.2% |
| Amounts receivable281 | - | €2.0m | €1.9m | €1.8m | €1.9m | ▲ 7.3% |
| Companies linked by participating interests282/3 | - | - | €51.1m | €51.2m | €52.7m | ▲ 3.0% |
| Participating interests282 | - | - | €51.1m | €51.2m | €52.7m | ▲ 3.0% |
| Other financial fixed assets284/8 | - | €42.4m | €28.8m | €28.9m | €70.8m | ▲ 145% |
| Shares284 | - | €42.4m | €28.8m | €28.9m | €70.8m | ▲ 145% |
| Current assets29/58 | €45.9m | €46.9m | €15.8m | €26.7m | €31.9m | ▲ 19.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €802,237 | - |
| Other amounts receivable291 | - | - | - | - | €802,237 | - |
| Amounts receivable within one year40/41 | €561,296 | €696,211 | €366,055 | €739,314 | €637,408 | ▼ 13.8% |
| Trade receivables40 | - | €2,476 | - | - | - | - |
| Other amounts receivable41 | - | €693,735 | €366,055 | €739,314 | €637,408 | ▼ 13.8% |
| Current investments50/53 | €17.7m | €24.3m | €13.9m | €18.8m | €16.7m | ▼ 11.0% |
| Other investments51/53 | - | €24.3m | €13.9m | €18.8m | €16.7m | ▼ 11.0% |
| Cash at bank and in hand54/58 | €27.5m | €21.9m | €1.5m | €7.2m | €13.7m | ▲ 90.4% |
| Deferred charges and accrued income490/1 | - | €35,105 | €27,068 | €17,178 | €102,607 | ▲ 497% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130.6m | €131.2m | €137.9m | €149.2m | €205.9m | ▲ 38.0% |
| Equity10/15 | €130.5m | €131.0m | €137.9m | €149.0m | €205.7m | ▲ 38.1% |
| Reserves13 | €17.0m | €17.0m | €17.0m | €17.0m | €17.0m | = |
| Non-distributable reserves130/1 | - | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves not available under the articles1311 | - | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Distributable reserves133 | - | €16.9m | €16.9m | €16.9m | €16.9m | = |
| Profit (loss) carried forward14 | €113.5m | €114.1m | €120.9m | €132.0m | €188.8m | ▲ 43.0% |
| Amounts payable17/49 | €140,332 | €137,433 | €85,338 | €208,170 | €186,115 | ▼ 10.6% |
| Amounts payable within one year42/48 | €128,222 | €120,999 | €76,499 | €45,278 | €170,537 | ▲ 277% |
| Trade debts44 | €27,026 | €86,331 | €76,499 | €45,278 | €170,537 | ▲ 277% |
| Suppliers440/4 | - | €86,331 | €76,499 | €45,278 | €170,537 | ▲ 277% |
| Other amounts payable47/48 | - | €34,668 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €16,434 | €8,839 | €162,892 | €15,578 | ▼ 90.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26.4m | €556,388 | €6.8m | €11.1m | €56.8m | ▲ 411% |
| + Depreciation and write-downs630 | €108,614 | €132,785 | €163,310 | €192,704 | €218,008 | ▲ 13.1% |
| Operating cash flow (approximation) | €26.5m | €689,173 | €7.0m | €11.3m | €57.0m | ▲ 404% |
| Investment in fixed assets (approximation) | - | €288,738 | -€38.0m | -€538,703 | -€51.7m | ▼ 9,506% |
| Change in cash | - | -€5.6m | -€20.4m | €5.7m | €6.5m | ▲ 14.6% |
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
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Highest result since 2019net €56.8m ▲411%
Net result €56.8m, the highest in the series.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Liquidity triplescurrent ratio 589.99
Current ratio from 206.84 to 589.99; short-term debt falls from €76,499 to €45,278.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Weakest financial yearnet €556,388 ▼97.9%
Net result drops to €556,388, the lowest in the series; recovery starts the following year.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Liquidity doublescurrent ratio 358.30
Current ratio from 173.98 to 358.30.
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Equity above €100mEq €104.1m ▲6.1%
2 profitable years in a row build equity to €104.1m.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
01-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB 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, Antwerpen · 1 establishment unit since 2015
Ground area
1,193 m²
Building footprint
178 m²
Volume, LiDAR
1,323 m³
Parcel 11812M0071/00Z000, Flanders · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Pegase
since 20152.253.179.148
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11812M0071/00Z000 | Flanders | 1,193 m² | 1 · 178 m² | 8.7 m · 3 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
7 holdingsOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 7
-
100%
-
100%
- PROMOFIsubsidiaryEquity €352.8mResult €108.2m100%
-
100%
- Exceptional Outdoor LivingsubsidiaryEquity €195Result -€5,96797.09%
-
16%
-
11.83%
According to the annual accounts to 30-06-2025 of PEGASE 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
967600Z0ILLM4BLVJV61
Identification & contact
Identification
Legal formPrivate limited company
Founded11-12-2015
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644419203
Registered
14-04-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.