Pegasus Paints
ActiveThe computed 12-month bankruptcy probability of Pegasus Paints is 2.1% (moderate). The 2025 annual accounts show equity of €34k and a net result of €2k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 13% of 27450 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-6
Solvency33▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.01 against 1.0 in 2024; short-term debt: 91% and cash: 0% of total assets), and 92.3% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
7.7%
Return on assets
0.4%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 27450 sector peers (2025).
NBB · sector comparisonPosition among 27450 sector peers
Solvency
better than 13%
← weakest
strongest →
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 03-12-2025, 59 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
59 d early
2024
50 d early
2023
57 d early
2022
on the day
2021
19 d early
← before the deadline
after the deadline →
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 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▲ 5.5%
2024 · €32k
2021: €19k
2022: €20k
2023: €25k
2024: €32k
2021 → 2025
Total assets
€442k▲ 2.4%
2024 · €432k
2021: €140k
2022: €325k
2023: €383k
2024: €432k
2021 → 2025
Net result
€2k▼ 74.8%
2024 · €7k
2021: €15k
2022: €1k
2023: €5k
2024: €7k
2021 → 2025
Working capital
€4k
2024 · €-874
2021: €10k
2022: €-18k
2023: €-11k
2024: €-874
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€20k▲ 5.4%€25k▲ 23.8%€32k▲ 28.1%€34k▲ 5.5%
Operating result€21k-€936▼ 95.6%€11k▲ 1,061%€21k▲ 88.8%€14k▼ 31.6%
Net result€15k-€1k▼ 93.2%€5k▲ 365%€7k▲ 46.5%€2k▼ 74.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €442k
Fixed assets
€36k▼ 27.1%
Current assets
€406k▲ 6.3%
Equity and liabilities €442k
Equity
€34k▲ 5.5%
Debt
€408k▲ 2.2%
The debt ratio falls from 92.5% to 92.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▼
2024 · €34k
Cash flow
€15k▼
2024 · €21k
Solvency
7.7%▲
2024 · 7.5%
Current ratio
1.01▲
2024 · 1.00
Quick ratio
0.20▲
2024 · 0.17
Debt / equity
11.99▼
2024 · 12.39
ROE
5.2%▼
2024 · 22.0%
ROA
0.4%▼
2024 · 1.6%
Interest coverage
2.00▼
2024 · 2.54
Debt
€408k▲
2024 · €400k
Debt ≤ 1 year
€402k▲
2024 · €383k
Debt > 1 year
€6k▼
2024 · €17k
Income taxes
€2k▼
2024 · €3k
Staff costs
€68▼
2024 · €605
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€432k€442k▲
Fixed assets21/28€50k€36k▼
Tangible fixed assets22/27€50k€36k▼
Land and buildings22€26k€25k▼
Plant, machinery and equipment23€12k€6k▼
Furniture and vehicles24€6k€3k▼
Leasing and similar rights25€5k€3k▼
Current assets29/58€382k€406k▲
Stocks and contracts in progress3€316k€325k▲
Stocks30/36€316k€325k▲
Amounts receivable within one year40/41€66k€80k▲
Trade receivables40€63k€78k▲
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58€2€9▲
Deferred charges and accrued income490/1€593€1k▲
Equity and liabilities
Total equity and liabilities10/49€432k€442k▲
Equity10/15€32k€34k▲
Contributions10/11€4k€4k=
Reserves13€28k€30k▲
Distributable reserves133€28k€30k▲
Amounts payable17/49€400k€408k▲
Amounts payable after more than one year17€17k€6k▼
Financial debts170/4€17k€6k▼
Amounts payable within one year42/48€383k€402k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Financial debts43€146k€149k▲
Credit institutions430/8€146k€149k▲
Trade debts44€187k€205k▲
Suppliers440/4€187k€205k▲
Taxes, remuneration and social security45€4k€14k▲
Taxes450/3€4k€14k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€35k€23k▼
Income statement
Code20242025
Remuneration, social security and pensions62€605€68▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€272€9k▲
Gross operating margin9900€35k€37k▲
Operating profit (loss)9901€21k€14k▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€13k€14k▲
Recurring financial charges65€13k€14k▲
Profit (loss) for the period before taxes9903€10k€4k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€7k€2k▼
Profit (loss) for the period to be appropriated9905€7k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€2k▼
Transfer to equity691/2€7k€2k▼
To other reserves6921€7k€2k▼
The notes to these accounts (13 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
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €1k ▼93.2%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · 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 2026
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.
01-01-2026
Resigned as Director
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 2020
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.
Ambachtenstraat 248870 IzegemGround area
5,654 m²
Building footprint
604 m²
Volume, LiDAR
3,230 m³
Parcel 36494D0502/00C000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pegasus Paints
since 20202.305.442.253
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0502/00C000 | Flanders | 5,654 m² | 1 · 604 m² | 6.3 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.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
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Of 7,866 companies in sector 43341 we hold annual accounts for 2,664. 2,258 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2020
Fiscal year end30-06
Activities, NACEBEL
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.