PEGEMA
InactivePEGEMA was declared bankrupt (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 08-11-2024, published in the Belgian State Gazette on 14-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 23-08-2022, 23 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
23 d late
2020
72 d early
2019
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 41 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 (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€107,794▼ 51.2%
2020 · €221,094
Total assets
€592,226▼ 8.1%
2020 · €644,432
Net result
-€113,300
2020 · €1,680
Working capital
€65,082▼ 65.3%
2020 · €187,389
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
Line2018201920202021
Operating result€37,664-€121,893▲ 224%€2,444▼ 98.0%-€107,624
Net result€35,823-€122,023▲ 241%€1,680▼ 98.6%-€113,300
Equity€134,391-€219,414▲ 63.3%€221,094▲ 0.8%€107,794▼ 51.2%
Total assets€554,193-€705,751▲ 27.3%€644,432▼ 8.7%€592,226▼ 8.1%
Debt€419,802-€486,338▲ 15.8%€423,339▼ 13.0%€484,433▲ 14.4%
Working capital€164,178-€226,054▲ 37.7%€187,389▼ 17.1%€65,082▼ 65.3%
Staff (FTE)9.3-6.7▼ 28.0%6.3▼ 6.0%8.2▲ 30.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €107,624 after €2,444 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €592,226
Fixed assets
€42,712 ▼ 10.0%
Current assets
€549,515 ▼ 7.9%
Equity and liabilities €592,226
Equity
€107,794 ▼ 51.2%
Debt
€484,433 ▲ 14.4%
Debt's share of the balance-sheet total rises from 65.7% to 81.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€90,933▼
2020 · €14,059
Cash flow
-€96,608▼
2020 · €13,295
Current ratio
1.13▼
2020 · 1.46
Quick ratio
0.36▼
2020 · 1.03
Debt to equity
4.49▲
2020 · 0.06
ROE
-105.1%▼
2020 · 0.8%
ROA
-19.1%▼
2020 · 0.3%
Interest coverage
-17.15
Debt ≤ 1 year
€484,433▲
2020 · €409,571
Debt > 1 year
€0▼
2020 · €13,768
Income taxes
€396▲
2020 · €336
Staff costs
€405,397
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €405,397 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,982 | €8,599 | €11,615 | €16,692 | ▲ 43.7% |
| Other operating charges640/8 | - | - | - | €2,161 | - |
| Gross operating margin9900 | €504,788 | €479,046 | €287,914 | €316,626 | ▲ 10.0% |
| Operating profit (loss)9901 | €37,664 | €121,893 | €2,444 | -€107,624 | ▼ 4,503% |
| Financial income75/76B | - | - | - | €24 | - |
| Recurring financial income75 | €1,837 | €3,707 | €1,183 | €24 | ▼ 98.0% |
| Financial charges65/66B | - | - | - | €5,303 | - |
| Recurring financial charges65 | €3,722 | €3,408 | €1,611 | €5,303 | ▲ 229% |
| Profit (loss) for the period before taxes9903 | €35,778 | €122,192 | €2,016 | -€112,904 | ▼ 5,700% |
| Income taxes67/77 | -€45 | €169 | €336 | €396 | ▲ 17.9% |
| Profit (loss) for the period9904 | €35,823 | €122,023 | €1,680 | -€113,300 | ▼ 6,844% |
| Profit (loss) for the period to be appropriated9905 | €35,777 | €121,975 | €1,680 | -€113,300 | ▼ 6,844% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €554,193 | €705,751 | €644,432 | €592,226 | ▼ 8.1% |
| Fixed assets21/28 | €24,472 | €27,524 | €47,472 | €42,712 | ▼ 10.0% |
| Intangible fixed assets21 | €227 | €1,336 | €960 | €594 | ▼ 38.1% |
| Tangible fixed assets22/27 | €15,630 | €16,549 | €36,303 | €28,067 | ▼ 22.7% |
| Plant, machinery and equipment23 | - | - | - | €12,830 | - |
| Furniture and vehicles24 | - | - | - | €15,237 | - |
| Financial fixed assets28 | €8,616 | €9,639 | €10,209 | €14,050 | ▲ 37.6% |
| Current assets29/58 | €529,720 | €678,227 | €596,960 | €549,515 | ▼ 7.9% |
| Stocks and contracts in progress3 | €150,701 | €149,127 | €174,344 | €374,277 | ▲ 115% |
| Stocks30/36 | - | - | - | €234,477 | - |
| Contracts in progress37 | - | - | - | €139,800 | - |
| Amounts receivable within one year40/41 | €205,383 | €469,545 | €316,137 | €70,242 | ▼ 77.8% |
| Trade receivables40 | - | - | - | €47,998 | - |
| Other amounts receivable41 | - | - | - | €22,244 | - |
| Cash at bank and in hand54/58 | €107,238 | €54,387 | €30,370 | €98,893 | ▲ 226% |
| Deferred charges and accrued income490/1 | - | - | - | €6,104 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €554,193 | €705,751 | €644,432 | €592,226 | ▼ 8.1% |
| Equity10/15 | €134,391 | €219,414 | €221,094 | €107,794 | ▼ 51.2% |
| Contributions10/11 | €84,284 | €84,284 | - | €84,284 | - |
| Reserves13 | €50,107 | €135,130 | €136,810 | €23,510 | ▼ 82.8% |
| Non-distributable reserves130/1 | - | - | - | €8,428 | - |
| Reserves not available under the articles1311 | - | - | - | €8,428 | - |
| Tax-exempt reserves132 | - | - | - | €3,939 | - |
| Distributable reserves133 | - | - | - | €11,143 | - |
| Amounts payable17/49 | €419,802 | €486,338 | €423,339 | €484,433 | ▲ 14.4% |
| Amounts payable after more than one year17 | €54,259 | €34,164 | €13,768 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0 | - |
| Amounts payable within one year42/48 | €365,543 | €452,173 | €409,571 | €484,433 | ▲ 18.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,768 | - |
| Trade debts44 | €203,495 | €328,906 | €369,882 | €436,472 | ▲ 18.0% |
| Suppliers440/4 | - | - | - | €436,472 | - |
| Taxes, remuneration and social security45 | - | - | - | €34,193 | - |
| Taxes450/3 | - | - | - | €2,578 | - |
| Remuneration and social security454/9 | - | - | - | €31,615 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,823 | €122,023 | €1,680 | -€113,300 | ▼ 6,844% |
| + Depreciation and write-downs630 | €4,982 | €8,599 | €11,615 | €16,692 | ▲ 43.7% |
| Operating cash flow (approximation) | €40,806 | €130,622 | €13,295 | -€96,608 | ▼ 827% |
| Investment in fixed assets (approximation) | - | -€11,650 | -€31,563 | -€11,931 | ▲ 62.2% |
| Change in cash | - | -€52,851 | -€24,017 | €68,523 | ▲ 385% |
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
2024
14-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 08-11-2024
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Weakest financial yearnet -€113,300
Net result drops to -€113,300, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €122,023 ▲241%
Operating result €121,893, net result €122,023, both a record.
31-12
Financial
Equity above €200,000Eq €219,414 ▲63.3%
2 profitable years in a row build equity to €219,414.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
04-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
17-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Structure & network
Owners and holdings
1 ownerChain of control
- RM-PROJECTS
- PEGEMA
Highest known parent: RM-PROJECTS. The sources do not say who stands above it.
Owners 1
- RM-PROJECTSparent99.97%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.