PEGEVAR
ActivePEGEVAR has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.25M and a net result of €176k. Equity is growing by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 475 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent▼ -3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-24
Solvency84▲+16
Growth66▼-10
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.44 in 2024), but 53.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
46.7%
Return on assets
6.6%
Age of the figures
8 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
9 d early
2023
8 d early
2022
11 d early
2021
19 d early
2020
15 d early
2019
31 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€8.68M▼ 13.5%
2024 · €10.03M
2022: €8.01M
2023: €9.44M
2024: €10.03M
2022 → 2025
EBIT margin
3.0%▼ 4.8pp
2024 · 7.7%
2022: 2.0%
2023: 1.6%
2024: 7.7%
2022 → 2025
Net result
€176k▼ 68.3%
2024 · €554k
2018: €6k
2019: €-9k
2020: €81k
2021: €12k
2022: €153k
2023: €120k
2024: €554k
2018 → 2025
Working capital
€922k▲ 22.5%
2024 · €752k
2018: €-69k
2019: €-141k
2020: €-28k
2021: €-26k
2022: €170k
2023: €232k
2024: €752k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.01M€9.44M▲ 17.9%€10.03M▲ 6.2%€8.68M▼ 13.5%
Equity€247k-€400k▲ 62.0%€520k▲ 30.0%€1.07M▲ 106%€1.25M▲ 16.4%
Operating result€24k-€163k▲ 567%€155k▼ 4.9%€777k▲ 401%€258k▼ 66.8%
Net result€12k-€153k▲ 1,134%€120k▼ 21.8%€554k▲ 362%€176k▼ 68.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.68M
Fixed assets
€328k▼ 13.5%
Current assets
€2.35M▼ 4.9%
Equity and liabilities €2.68M
Equity
€1.25M▲ 16.4%
Debt
€1.43M▼ 19.6%
The debt ratio falls from 62.3% to 53.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€309k▼
2024 · €828k
Cash flow
€227k▼
2024 · €605k
Solvency
46.7%▲
2024 · 37.7%
Current ratio
1.65▲
2024 · 1.44
Quick ratio
0.39▲
2024 · 0.24
Debt / equity
1.14▼
2024 · 1.65
ROE
14.1%▼
2024 · 51.5%
ROA
6.6%▼
2024 · 19.4%
Interest coverage
13.16▼
2024 · 25.21
Debt
€1.43M▼
2024 · €1.78M
Debt ≤ 1 year
€1.43M▼
2024 · €1.72M
Debt > 1 year
€0▼
2024 · €55k
Income taxes
€59k▼
2024 · €190k
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€2.85M€2.68M▼
Fixed assets21/28€379k€328k▼
Tangible fixed assets22/27€379k€328k▼
Land and buildings22€278k€239k▼
Plant, machinery and equipment23€101k€88k▼
Current assets29/58€2.47M€2.35M▼
Stocks and contracts in progress3€2.06M€1.79M▼
Stocks30/36€2.06M€1.79M▼
Raw materials and consumables30/31€50k€40k▼
Goods purchased for resale34€2.01M€1.75M▼
Amounts receivable within one year40/41€263k€395k▲
Trade receivables40€263k€226k▼
Other amounts receivable41€0€169k▲
Cash at bank and in hand54/58€134k€154k▲
Deferred charges and accrued income490/1€12k€13k▲
Equity and liabilities
Total equity and liabilities10/49€2.85M€2.68M▼
Equity10/15€1.07M€1.25M▲
Contributions10/11€320k€320k=
Profit (loss) carried forward14€754k€930k▲
Amounts payable17/49€1.78M€1.43M▼
Amounts payable after more than one year17€55k€0▼
Financial debts170/4€55k€0▼
Credit institutions173€55k€0▼
Other loans174€0-
Amounts payable within one year42/48€1.72M€1.43M▼
Current portion of amounts payable after more than one year42€98k€55k▼
Financial debts43€500k€500k=
Credit institutions430/8€500k€500k=
Trade debts44€1.07M€845k▼
Suppliers440/4€1.07M€845k▼
Taxes, remuneration and social security45€18k€0▼
Taxes450/3€18k€0▼
Other amounts payable47/48€28k€28k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Operating income70/76A€10.03M€8.68M▼
Turnover70€10.03M€8.68M▼
Operating charges60/66A€9.25M€8.42M▼
Goods for resale, raw materials and consumables60€9.11M€8.14M▼
Purchases600/8€9.09M€7.86M▼
Change in stocks: decrease (increase)609€21k€274k▲
Services and other goods61€86k€228k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€51k=
Other operating charges640/8€5k€5k▼
Operating profit (loss)9901€777k€258k▼
Financial charges65/66B€33k€23k▼
Recurring financial charges65€33k€23k▼
Debt charges650€33k€23k▼
Other financial charges652/9€9€0▼
Profit (loss) for the period before taxes9903€744k€234k▼
Income taxes67/77€190k€59k▼
Taxes670/3€190k€59k▼
Profit (loss) for the period9904€554k€176k▼
Profit (loss) for the period to be appropriated9905€554k€176k▼
Appropriation of the result
Profit (loss) to be appropriated9906€754k€930k▲
Profit (loss) brought forward from the previous period14P€200k€754k▲
The notes to these accounts (35 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €554k ▲362%
Operating result €777k, net result €554k, both a record.
31-12
Financial
Equity above €1MEq €1.07M ▲106%
5 profitable years in a row build equity to €1.07M.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500kEq €520k ▲30%
4 profitable years in a row build equity to €520k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €81k
Net result €81k after one loss-making year.
31-12
Financial
Equity above €200kEq €235k ▲52.6%
Equity rises from €154k to €235k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-9k ▼251%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Merksplas · 2 establishment units since 2006
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.
Bosstraat 3a2330 MerksplasGround area
1.2 ha
Building footprint
1,824 m²
Volume, LiDAR
8,184 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Pegevar
since 20062.152.100.495
Beukendreef 4, 2323 Hoogstraten
since 20212.316.486.791
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023D0213/00A000 | Flanders | 8,882 m² | 1 · 1,558 m² | 5.9 m · 1 fl. |
| 13051B0013/00A002 | Flanders | 3,007 m² | 1 · 266 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHoogstraten2.316.486.791
Merksplas2.152.100.495
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Of 902 companies in sector 01461 we hold annual accounts for 295. 228 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2006
Fiscal year end31-12
Activities, NACEBEL
01231
01461Pig breeding farms
01462Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.