Summary
Pegasus is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €152k and a net result of €593. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 66 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €152k
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
13 d early
2023
36 d early
2022
11 d early
2021
214 d late
2020
32 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€152k▲ 0.4%
2024 · €152k
Net result
€593▼ 97.3%
2024 · €22k
Total assets
€555k▲ 4.9%
2024 · €529k
Solvency
27.5%▼ 1.2pp
2024 · 28.7%
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€696€-82k€15k€23k▲ 56.4%€1k▼ 95.4%
Net result€-156▲ 97.6%€-83k▼ 53,417%€14k€22k▲ 59.7%€593▼ 97.3%
Equity€199k▼ 0.1%€116k▼ 41.9%€130k▲ 12.1%€152k▲ 17.2%€152k▲ 0.4%
Total assets€1.82M▲ 49.3%€551k▼ 69.8%€506k▼ 8.0%€529k▲ 4.5%€555k▲ 4.9%
Debt€1.62M▲ 62.8%€435k▼ 73.2%€377k▼ 13.4%€377k▲ 0.1%€384k▲ 1.8%
Working capital€197k▼ 11.2%€113k▼ 42.7%€127k▲ 12.3%€152k▲ 19.6%€170k▲ 11.7%
Solvency10.9%▼ 5.4pp21.0%▲ 10.1pp25.6%▲ 4.6pp28.7%▲ 3.1pp27.5%▼ 1.2pp
Staff (FTE)2.6▲ 4.0%2.2▼ 15.4%2▼ 9.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €555k
Fixed assets
€2k
Current assets
€553k
Equity and liabilities €555k
Equity
€152k ▲ 0.4%
Provisions
€19k
Debt
€384k ▲ 1.8%
Debt's share of the balance-sheet total falls from 71.3% to 69.1%. Equity and debt are higher.
Key figures and ratios
ROE
0.4%▼
2024 · 14.7%
ROA
0.1%▼
2024 · 4.2%
Debt ≤ 1 year
€384k▲
2024 · €377k
Staff costs
€121k▲
2024 · €118k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7k | - | - | - |
| Remuneration, social security and pensions62 | €182k | €150k | €104k | €118k | €121k | ▲ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €397 | - | - | - | €451 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2k | - | - |
| Other operating charges640/8 | €380 | €8k | €7 | €7k | €804 | ▼ 89.2% |
| Non-recurring operating charges66A | - | - | €10k | - | - | - |
| Gross operating margin9900 | €159k | €76k | €128k | €151k | €142k | ▼ 5.7% |
| Operating profit (loss)9901 | €696 | €-82k | €15k | €23k | €1k | ▼ 95.4% |
| Financial income75/76B | €19 | €3 | €143 | €410 | €336 | ▼ 18.0% |
| Recurring financial income75 | €19 | €3 | €143 | €410 | €336 | ▼ 18.0% |
| Financial charges65/66B | €871 | €1k | €793 | €972 | €788 | ▼ 18.9% |
| Recurring financial charges65 | €871 | €1k | €793 | €972 | €788 | ▼ 18.9% |
| Profit (loss) for the period before taxes9903 | €-156 | €-83k | €14k | €22k | €593 | ▼ 97.3% |
| Profit (loss) for the period9904 | €-156 | €-83k | €14k | €22k | €593 | ▼ 97.3% |
| Profit (loss) for the period to be appropriated9905 | €-156 | €-83k | €14k | €22k | €593 | ▼ 97.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.82M | €551k | €506k | €529k | €555k | ▲ 4.9% |
| Fixed assets21/28 | €3k | €3k | €3k | - | €2k | - |
| Tangible fixed assets22/27 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | - | - | - | - | €2k | - |
| Financial fixed assets28 | €3k | €3k | €3k | - | - | - |
| Current assets29/58 | €1.82M | €548k | €504k | €529k | €553k | ▲ 4.6% |
| Amounts receivable within one year40/41 | €982k | €268k | €166k | €98k | €104k | ▲ 6.3% |
| Trade receivables40 | €947k | €246k | €159k | €92k | €76k | ▼ 17.2% |
| Other amounts receivable41 | €35k | €23k | €7k | €6k | €28k | ▲ 363% |
| Cash at bank and in hand54/58 | €837k | €268k | €327k | €416k | €435k | ▲ 4.5% |
| Deferred charges and accrued income490/1 | - | €11k | €12k | €14k | €14k | ▼ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.82M | €551k | €506k | €529k | €555k | ▲ 4.9% |
| Equity10/15 | €199k | €116k | €130k | €152k | €152k | ▲ 0.4% |
| Contributions10/11 | €27k | €27k | €27k | €27k | €27k | = |
| Capital10 | €27k | €27k | €27k | €27k | €27k | = |
| Reserves13 | €27k | €27k | €27k | €27k | €30k | ▲ 11.8% |
| Profit (loss) carried forward14 | €145k | €62k | €76k | €98k | €96k | ▼ 2.6% |
| Provisions and deferred taxes16 | - | - | - | - | €19k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €19k | - |
| Taxes161 | - | - | - | - | €19k | - |
| Amounts payable17/49 | €1.62M | €435k | €377k | €377k | €384k | ▲ 1.8% |
| Amounts payable within one year42/48 | €1.62M | €435k | €377k | €377k | €384k | ▲ 1.8% |
| Trade debts44 | €1.61M | €431k | €370k | €364k | €371k | ▲ 1.9% |
| Suppliers440/4 | €1.61M | €431k | €370k | €364k | €371k | ▲ 1.9% |
| Taxes, remuneration and social security45 | €10k | €4k | €7k | €13k | €13k | ▼ 2.1% |
| Taxes450/3 | €3k | €6 | - | - | - | - |
| Remuneration and social security454/9 | €7k | €4k | €7k | €13k | €13k | ▼ 2.1% |
| Accrued charges and deferred income492/3 | €800 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-156 | €-83k | €14k | €22k | €593 | ▼ 97.3% |
| + Depreciation and write-downs630 | €397 | - | - | - | €451 | - |
| Operating cash flow (approximation) | €241 | €-83k | €14k | €22k | €1k | ▼ 95.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €-569k | €58k | €90k | €19k | ▼ 79.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €22k ▲59.7%
Operating result €23k, net result €22k, both a record.
31-12
Financial
Equity above €150kEq €152k ▲17.2%
2 profitable years in a row build equity to €152k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after 5 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
02-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 214 days late
2022
31-12
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
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 17 acts read
About the unread acts
We know of 17 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
17 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, Brussel · 1 establishment unit since 2010
Ground area
359 m²
Building footprint
339 m²
Volume, LiDAR
4,961 m³
Parcel 21812N1387/00D000, Brussels · tallest building 24.4 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Pegasus
since 20102.190.484.286
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1387/00D000 | Brussels | 359 m² | 1 · 339 m² | 24.4 m · 4 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.
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Of 118 companies in sector 65121 we hold annual accounts for 34. 20 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded18-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
65121Insurance, reinsurance and pension funding, except compulsory social security
82100Office administrative and support services
64999Other financial services
68321Property management for co-owned buildings (syndics)
Scores and ratios are computed by Checked and are not a credit decision.