PEGASE BUSINESS DEVELOPMENT
ActivePEGASE BUSINESS DEVELOPMENT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €-6k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-75
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 8.71 against 7.68 in 2024; short-term debt: 9.4% and cash: 18.6% of total assets), and 9.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
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
32 d late
2023
92 d late
2022
9 d late
2021
31 d late
2020
30 d late
2019
30 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€129k▼ 4.6%
2024 · €135k
2018: €45k
2019: €45k
2020: €63k
2021: €77k
2022: €96k
2023: €112k
2024: €135k
2018 → 2025
Total assets
€142k▼ 6.1%
2024 · €151k
2018: €50k
2019: €49k
2020: €70k
2021: €84k
2022: €106k
2023: €127k
2024: €151k
2018 → 2025
Net result
€-6k
2024 · €23k
2018: €-2k
2019: €-35
2020: €18k
2021: €13k
2022: €19k
2023: €16k
2024: €23k
2018 → 2025
Working capital
€103k▼ 6.2%
2024 · €110k
2018: €30k
2019: €34k
2020: €55k
2021: €69k
2022: €74k
2023: €87k
2024: €110k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€96k▲ 24.8%€112k▲ 16.9%€135k▲ 20.8%€129k▼ 4.6%
Operating result€19k-€24k▲ 27.6%€23k▼ 7.0%€32k▲ 42.1%€-7k
Net result€13k-€19k▲ 43.6%€16k▼ 15.4%€23k▲ 44.5%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €32k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142k
Fixed assets
€26k▲ 2.3%
Current assets
€116k▼ 7.8%
Equity and liabilities €142k
Equity
€129k▼ 4.6%
Debt
€13k▼ 18.5%
The debt ratio falls from 10.9% to 9.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €33k
Cash flow
€-6k▼
2024 · €24k
Solvency
90.5%▲
2024 · 89.1%
Current ratio
8.71▲
2024 · 7.68
Quick ratio
8.71▲
2024 · 7.68
Debt / equity
0.10▼
2024 · 0.12
ROE
-4.9%▼
2024 · 17.2%
ROA
-4.4%▼
2024 · 15.3%
Interest coverage
-49.32▼
2024 · 224.70
Debt
€13k▼
2024 · €16k
Debt ≤ 1 year
€13k▼
2024 · €16k
Income taxes
€696▼
2024 · €10k
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€151k€142k▼
Fixed assets21/28€25k€26k▲
Tangible fixed assets22/27€10k€11k▲
Land and buildings22€9k€10k▲
Furniture and vehicles24€723€901▲
Financial fixed assets28€15k€15k=
Current assets29/58€126k€116k▼
Amounts receivable within one year40/41€86k€90k▲
Trade receivables40€43k€27k▼
Other amounts receivable41€43k€63k▲
Cash at bank and in hand54/58€40k€27k▼
Equity and liabilities
Total equity and liabilities10/49€151k€142k▼
Equity10/15€135k€129k▼
Contributions10/11€22k€22k=
Reserves13€72k€72k=
Distributable reserves133€72k€72k=
Profit (loss) carried forward14€41k€35k▼
Amounts payable17/49€16k€13k▼
Amounts payable within one year42/48€16k€13k▼
Trade debts44€470€513▲
Suppliers440/4€470€513▲
Taxes, remuneration and social security45€16k€13k▼
Taxes450/3€16k€13k▼
Accrued charges and deferred income492/3€33€63▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€794€476▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€30k
Other operating charges640/8€410€25▼
Gross operating margin9900€33k€23k▼
Operating profit (loss)9901€32k€-7k▼
Financial income75/76B€660€2k▲
Recurring financial income75€660€2k▲
Financial charges65/66B€147€139▼
Recurring financial charges65€147€139▼
Profit (loss) for the period before taxes9903€33k€-6k▼
Income taxes67/77€10k€696▼
Profit (loss) for the period9904€23k€-6k▼
Profit (loss) for the period to be appropriated9905€23k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€35k▼
Profit (loss) brought forward from the previous period14P€41k€41k=
Transfer to equity691/2€23k-
To other reserves6921€23k-
The notes to these accounts (6 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 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-6k ▼127%
Net result drops to €-6k, the lowest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
31-12
Financial
Highest result since 2018net €23k ▲44.5%
Operating result €32k, net result €23k, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Equity above €100kEq €112k ▲16.9%
4 profitable years in a row build equity to €112k.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Ath · 1 establishment unit since 2003
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.
Chemin de la Placquerie(ISI) 227822 AthGround area
640 m²
Building footprint
145 m²
Volume, LiDAR
704 m³
Parcel 51036B0521/00M000, Wallonia · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PEGASE BD
since 20032.123.031.278
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51036B0521/00M000 | Wallonia | 640 m² | 1 · 145 m² | 6.0 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.
Similar companies · same sector, comparable size
DENIS BERCKMANS CONSULTING
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Stock2be
BE 0793.376.361
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BRUANN
BE 0472.456.811
Gent · Eq €129k
ALTAFIN
BE 0836.037.654
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JVMC
BE 0793.256.991
Gent · Eq €129k
Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 40,857 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2002
Fiscal year end31-12
Abbreviation FR
PEGASE BD
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.