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pEGGY

Active
Private limited companyfounded 20233 yrs activeMartelaarslaan 408, 9000 Gent, BelgiumKBO/BCE: BE 0795.890.443
Summary

The annual accounts of pEGGY for fiscal year 2025 show a net loss of 325% of total assets and of 152% of the equity at the start of that year. The 2025 annual accounts show equity of €75,644 and a net result of -€363,475. Equity is shrinking by ~59.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 56% of 536 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
59 / 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency93▼-7
Growth32=
Track record94
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.27 against 4.33 in 2024; short-term debt: 31.8% and cash: 56.4% of total assets), and 32.3% of the assets are financed with debt.
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Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
67.7%
Return on assets
-325.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
232425
2023 to 2025 · latest year -€363,475
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 22-07-2026, 9 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
9 d early
2024
31 d early
2023
13 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

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. Usually files around 19 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

PEGGY was incorporated on 9 January 2023 as a Private limited company.1 Total assets fell from EUR 387,422 in 2023 to EUR 111,705 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€75,644▼ 68.4%
2024 · €239,119
Total assets
€111,705▼ 63.1%
2024 · €302,531
Net result
-€363,475▼ 201%
2024 · -€120,821
Working capital
€45,092▼ 78.7%
2024 · €211,404
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€90,060--€247,677▼ 175%-€396,053▼ 59.9%
Net result-€90,060below the sector's middle half--€120,821below the sector's middle half▼ 34.2%-€363,475below the sector's middle half▼ 201%
Equity€359,940within the sector's middle half-€239,119within the sector's middle half▼ 33.6%€75,644within the sector's middle half▼ 68.4%
Total assets€387,422within the sector's middle half-€302,531within the sector's middle half▼ 21.9%€111,705within the sector's middle half▼ 63.1%
Debt€27,482-€63,413▲ 131%€36,061▼ 43.1%
Working capital€328,114above the sector's middle half-€211,404within the sector's middle half▼ 35.6%€45,092within the sector's middle half▼ 78.7%
Solvency92.9%above the sector's middle half-79.0%within the sector's middle half▼ 13.9pp67.7%within the sector's middle half▼ 11.3pp
Current ratio12.94above the sector's middle half-4.33within the sector's middle half▼ 8.612.27within the sector's middle half▼ 2.07
Return on assets (ROA)-23.2%below the sector's middle half--39.9%below the sector's middle half▼ 16.7pp-325.4%below the sector's middle half▼ 285.5pp
above within below the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€400,000-€300,000-€200,000-€100,000€0Operating result 2023: -€90,060-€90,060Net result 2023: -€90,060-€90,060Operating result 2024: -€247,677-€247,677Net result 2024: -€120,821-€120,821Operating result 2025: -€396,053-€396,053Net result 2025: -€363,475-€363,475202320242025-€400,000-€300,000-€200,000-€100,000€0Operating result 2023: -€90,060-€90,100Net result 2023: -€90,060-€90,100Operating result 2024: -€247,677-€248,000Net result 2024: -€120,821Operating result 2025: -€396,053-€396,000Net result 2025: -€363,475202320242025
The operating result stays negative: a loss of €396,053 in 2025 against €247,677 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,985
Fixed assets €21,341 ▲ 52.6%
Current assets €80,644 ▼ 70.7%
Equity and liabilities €111,705
Equity €75,644 ▼ 68.4%
Debt €36,061 ▼ 43.1%
Debt's share of the balance-sheet total rises from 21.0% to 32.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€78,888▼
2024 · -€64,384
Cash flow
-€46,310▼
2024 · €62,472
Debt to equity
0.48▲
2024 · 0.27
ROE
-480.5%▼
2024 · -50.5%
Interest coverage
-367.98▲
2024 · -446.09
Debt ≤ 1 year
€35,552▼
2024 · €63,413
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,225 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.3% went bankrupt
8.7% stopped otherwise
88% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,225 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€302,531€111,705▼
Formation expenses20€13,731€9,719▼
Fixed assets21/28€13,983€21,341▲
Intangible fixed assets21€12,539€18,508▲
Tangible fixed assets22/27€1,445€2,833▲
Plant, machinery and equipment23€1,445€2,833▲
Current assets29/58€274,817€80,644▼
Amounts receivable within one year40/41€21,630€16,623▼
Trade receivables40€150€197▲
Other amounts receivable41€21,480€16,426▼
Cash at bank and in hand54/58€252,134€62,968▼
Deferred charges and accrued income490/1€1,053€1,053=
Equity and liabilities
Total equity and liabilities10/49€302,531€111,705▼
Equity10/15€239,119€75,644▼
Contributions10/11€450,000€650,000▲
Profit (loss) carried forward14-€210,881-€574,356▼
Amounts payable17/49€63,413€36,061▼
Amounts payable within one year42/48€63,413€35,552▼
Trade debts44€63,413€35,552▼
Suppliers440/4€63,413€35,552▼
Accrued charges and deferred income492/3-€508
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€183,293€317,165▲
Other operating charges640/8€772€1,305▲
Gross operating margin9900-€63,612-€77,583▼
Operating profit (loss)9901-€247,677-€396,053▼
Financial income75/76B€127,000€32,793▼
Recurring financial income75€127,000€32,793▼
Financial charges65/66B€144€214▲
Recurring financial charges65€144€214▲
Profit (loss) for the period before taxes9903-€120,821-€363,475▼
Profit (loss) for the period9904-€120,821-€363,475▼
Profit (loss) for the period to be appropriated9905-€120,821-€363,475▼
Appropriation of the result
Profit (loss) to be appropriated9906-€210,881-€574,356▼
Profit (loss) brought forward from the previous period14P-€90,060-€210,881▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,681€183,293€317,165▲ 73.0%
Other operating charges640/8€100€772€1,305▲ 69.1%
Gross operating margin9900-€86,279-€63,612-€77,583▼ 22.0%
Operating profit (loss)9901-€90,060-€247,677-€396,053▼ 59.9%
Financial income75/76B-€127,000€32,793▼ 74.2%
Recurring financial income75-€127,000€32,793▼ 74.2%
Financial charges65/66B-€144€214▲ 48.5%
Recurring financial charges65-€144€214▲ 48.5%
Profit (loss) for the period before taxes9903-€90,060-€120,821-€363,475▼ 201%
Profit (loss) for the period9904-€90,060-€120,821-€363,475▼ 201%
Profit (loss) for the period to be appropriated9905-€90,060-€120,821-€363,475▼ 201%
Line202320242025Change
Assets
Total assets20/58€387,422€302,531€111,705▼ 63.1%
Formation expenses20€17,743€13,731€9,719▼ 29.2%
Fixed assets21/28€14,084€13,983€21,341▲ 52.6%
Intangible fixed assets21€14,084€12,539€18,508▲ 47.6%
Tangible fixed assets22/27-€1,445€2,833▲ 96.1%
Plant, machinery and equipment23-€1,445€2,833▲ 96.1%
Current assets29/58€355,596€274,817€80,644▼ 70.7%
Amounts receivable within one year40/41€10,249€21,630€16,623▼ 23.1%
Trade receivables40-€150€197▲ 31.2%
Other amounts receivable41€10,249€21,480€16,426▼ 23.5%
Cash at bank and in hand54/58€344,291€252,134€62,968▼ 75.0%
Deferred charges and accrued income490/1€1,056€1,053€1,053=
Equity and liabilities
Total equity and liabilities10/49€387,422€302,531€111,705▼ 63.1%
Equity10/15€359,940€239,119€75,644▼ 68.4%
Contributions10/11€450,000€450,000€650,000▲ 44.4%
Profit (loss) carried forward14-€90,060-€210,881-€574,356▼ 172%
Amounts payable17/49€27,482€63,413€36,061▼ 43.1%
Amounts payable within one year42/48€27,482€63,413€35,552▼ 43.9%
Trade debts44€27,482€63,413€35,552▼ 43.9%
Suppliers440/4€27,482€63,413€35,552▼ 43.9%
Accrued charges and deferred income492/3--€508-
Line202320242025Change
Profit (loss) for the period9904-€90,060-€120,821-€363,475▼ 201%
+ Depreciation and write-downs630€3,681€183,293€317,165▲ 73.0%
Operating cash flow (approximation)-€86,379€62,472-€46,310▼ 174%
Investment in fixed assets (approximation)--€183,193-€324,523▼ 77.1%
Change in cash--€92,157-€189,166▼ 105%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€363,475
Net result drops to -€363,475, the lowest in the series.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial 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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Directors · office · real estate

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
181 m²
Building footprint
88 m²
Volume, LiDAR
1,102 m³
Parcel 44806F0567/00T003, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
pEGGY
Martelaarslaan 408, 9000 GentAgents in non-specialised wholesale trade
since 20232.339.867.454
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44806F0567/00T003 Flanders 181 m² 1 · 88 m² 17.4 m · 5 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.

Structure & network

Owners and holdings

1 owner

Owners 1

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.

Subsidies and aid

Flemish government

2023 to 2025 · 4 entries · 159,792 EUR awarded · 159,792 EUR paid
Year Entries awardedpaid
2025 2 0 EUR32,792 EUR
2024 1 0 EUR127,000 EUR
2023 1 159,792 EUR0 EUR
Schemes
4 entries · 159,792 EUR · 159,792 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 762 companies in this sector we hold annual accounts for 484. 269 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded09-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
72101Research and development on biotechnology
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795890443
Also 9925:BE0795890443
Registered 09-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.