Pegase Management Associate
Annual accounts 2025
abbreviated format, filed on 25-06-2026, 36 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €55,000 and €360,000.
Balance sheet
balance sheet total €316,813 on 31-12-2025in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
316,813 | 307,638 | 305,691 | 304,772 | 318,127 | 314,397 | 377,249 | 385,649 | |
21/28 |
299,805 | 284,578 | 291,423 | 298,986 | 304,068 | 305,501 | 366,554 | 361,988 | |
22/27 |
299,675 | 284,448 | 291,423 | 298,986 | 304,068 | 305,501 | 366,554 | 361,988 | |
22 |
277,723 | 284,448 | 291,172 | 297,897 | 302,139 | 305,501 | 24,721 | - | |
24 |
- | - | 251 | 1,090 | 1,929 | - | - | - | |
27 |
21,952 | - | - | - | - | - | 341,833 | 361,988 | |
28 |
130 | 130 | - | - | - | - | - | - | |
29/58 |
17,008 | 23,060 | 14,268 | 5,786 | 14,059 | 8,897 | 10,696 | 23,661 | |
40/41 |
425 | - | - | 371 | - | - | 107 | - | |
40 |
425 | - | - | 371 | - | - | 107 | - | |
54/58 |
15,813 | 22,569 | 13,697 | 5,121 | 13,759 | 8,608 | 10,567 | 23,661 | |
490/1 |
769 | 491 | 571 | 294 | 300 | 289 | 22 | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
316,813 | 307,638 | 305,691 | 304,772 | 318,127 | 314,397 | 377,249 | 385,649 | |
10/15 |
312,881 | 302,403 | 299,729 | 297,944 | 299,849 | 299,185 | 362,011 | 370,599 | |
10/11 |
375,000 | 375,000 | 375,000 | 375,000 | 375,000 | 375,000 | 375,000 | 375,000 | |
100 |
- | - | - | - | - | - | 375,000 | 375,000 | |
14 |
-62,119 | -72,597 | -75,271 | -77,056 | -75,151 | -75,815 | -12,989 | -4,401 | |
17/49 |
3,933 | 5,235 | 5,962 | 6,828 | 18,278 | 15,212 | 15,238 | 15,050 | |
17 |
- | - | 100 | 100 | 6,500 | 15,050 | 15,050 | 15,050 | |
178/9 |
- | - | 100 | 100 | 6,500 | 15,050 | 15,050 | 15,050 | |
42/48 |
3,933 | 5,235 | 4,594 | 5,452 | 10,624 | 104 | 6 | - | |
44 |
- | 731 | - | - | 229 | 104 | 6 | - | |
440/4 |
- | 731 | - | - | 229 | 104 | 6 | - | |
47/48 |
3,933 | 4,504 | 4,594 | 5,452 | 10,396 | - | - | - | |
492/3 |
- | - | 1,268 | 1,277 | 1,153 | 58 | 182 | - | |
| Income statement | |||||||||
9900 |
19,301 | 11,585 | 11,186 | 7,105 | 9,199 | -1,362 | -2,997 | -3,140 | |
630 |
6,724 | 6,975 | 7,563 | 7,317 | 6,882 | 61,053 | 5,187 | - | |
640/8 |
1,959 | 1,796 | 1,738 | 1,583 | 1,554 | 348 | 348 | 1,225 | |
9901 |
10,617 | 2,814 | 1,885 | -1,795 | 763 | -62,763 | -8,531 | -4,365 | |
75/76B |
- | - | - | - | - | - | - | 0 | |
75 |
- | - | - | - | - | - | - | 0 | |
65/66B |
140 | 140 | 100 | 110 | 100 | 63 | 56 | 36 | |
65 |
140 | 140 | 100 | 110 | 100 | 63 | 56 | 36 | |
9903 |
10,477 | 2,674 | 1,785 | -1,905 | 663 | -62,826 | -8,588 | -4,401 | |
9904 |
10,477 | 2,674 | 1,785 | -1,905 | 663 | -62,826 | -8,588 | -4,401 | |
9905 |
10,477 | 2,674 | 1,785 | -1,905 | 663 | -62,826 | -8,588 | -4,401 | |
| Appropriation of the result | |||||||||
9906 |
-62,119 | -72,597 | -75,271 | -77,056 | -75,151 | -75,815 | -12,989 | -4,401 | |
14P |
-72,597 | -75,271 | -77,056 | -75,151 | -75,815 | - | - | - | |
| Document | |||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-06-2026 | 2026-00206348 | |
| 31-12-2024 | full format | 13-06-2025 | 2025-00136656 | |
| 31-12-2023 | full format | 31-07-2024 | 2024-00315453 | |
| 31-12-2022 | full format | 31-05-2023 | 2023-00099606 | |
| 31-12-2021 | full format | 26-07-2022 | 2022-20221231 | |
| 31-12-2020 | full format | 26-05-2021 | 2021-15200450 | |
| 31-12-2019 | full format | 27-05-2020 | 2020-13200239 | |
| 31-12-2018 | full format | 19-08-2019 | 2019-47300309 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 17,342 | 9,789 | 9,448 | 5,522 | 7,645 | -1,710 | -3,344 | - | ||
| 17,202 | 9,649 | 9,348 | 5,412 | 7,545 | -1,773 | -3,400 | - | ||
| 24,372 | 130 | 0 | 2,236 | 5,449 | 0 | 9,752 | 361,988 | ||
| -6,756 | 8,872 | 8,575 | -8,638 | 5,152 | -1,960 | -13,093 | - | ||
| 13,075 | 17,825 | 9,674 | 334 | 3,434 | 8,793 | 10,690 | - | ||
| 98.8% | 98.3% | 98.0% | 97.8% | 94.3% | 95.2% | 96.0% | 96.1% | ||
| 4.32 | 4.41 | 3.11 | 1.06 | 1.32 | 85.95 | - | - | ||
| 0.01 | 0.02 | 0.02 | 0.02 | 0.06 | 0.05 | 0.04 | 0.04 | ||
| 3.3% | 0.9% | 0.6% | -0.6% | 0.2% | -21.0% | -2.4% | -1.2% | ||
| 3.3% | 0.9% | 0.6% | -0.6% | 0.2% | -20.0% | -2.3% | -1.1% | ||
| over 100 | 69.92 | 94.48 | 50.16 | 76.45 | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €24,372 | - | - | €2,236 | €5,449 |
| Financial fixed assets | - | €130 | - | - | - |
| €6,724 | €6,975 | €7,563 | €7,317 | €6,882 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Pegase Management Associate
The operating result for 2025 is nearly 3.8 times that of 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 1.7% to 1.2%. Equity is higher and debt is lower.