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PEGROL

Active
Non-profit associationfounded 198739 yrs activeRoute du Vieux Campinaire(FL) 97, 6220 Fleurus, BelgiumKBO/BCE: BE 0431.168.661
Summary

PEGROL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,608 and a net result of €7,527. Equity is growing by ~22.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability76▲+4
Solvency78▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.23 in 2024; short-term debt: 27.4% and cash: 2.9% of total assets), and 47.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
52.6%
Return on assets
6%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
17 d early
2023
61 d late
2022
17 d late
2021
48 d early
2020
19 d early
2019
48 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 4 days after 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 (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 17 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 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

On 30 April 1987, PEGROL was incorporated.1 Total assets went from EUR 217,712 in 2018 to EUR 124,772 in 2025 and headcount from 0.6 full-time equivalents in 2019 to 0.4 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2019, 2021 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7,527▲ 90.6%
2024 · €3,950
Working capital
-€30,517▲ 30.8%
2024 · -€44,092
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-€11,696▲ 41.9%€110,635€396▼ 99.6%€12,300▲ 3,004%€15,908▲ 29.3%
Net result-€11,856▲ 41.5%€110,458-€1,774€3,950€7,527▲ 90.6%
Equity-€54,553▼ 27.8%€55,905€54,131▼ 3.2%€58,081▲ 7.3%€65,608▲ 13.0%
Total assets€174,480▼ 9.4%€82,905▼ 52.5%€164,807▲ 98.8%€145,560▼ 11.7%€124,772▼ 14.3%
Debt€229,033▼ 2.6%€27,000▼ 88.2%€110,675▲ 310%€87,479▼ 21.0%€59,163▼ 32.4%
Working capital€77,701▼ 20.3%-€16,766-€38,134▼ 127%-€44,092▼ 15.6%-€30,517▲ 30.8%
Staff (FTE)0.4▼ 33.3%0▼ 100%
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: -€11,696-€11,696Net result 2021: -€11,856-€11,856Operating result 2022: €110,635€110,635Net result 2022: €110,458€110,458Operating result 2023: €396€396Net result 2023: -€1,774-€1,774Operating result 2024: €12,300€12,300Net result 2024: €3,950€3,950Operating result 2025: €15,908€15,908Net result 2025: €7,527€7,52720212022202320242025-€5,000€0€5,000€10,000€15,000Operating result 2023: €396€396Net result 2023: -€1,774-€1,770Operating result 2024: €12,300€12,300Net result 2024: €3,950€3,950Operating result 2025: €15,908€15,900Net result 2025: €7,527€7,530202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,772
Fixed assets €121,126 ▼ 8.7%
Current assets €3,646 ▼ 71.6%
Equity and liabilities €124,772
Equity €65,608 ▲ 13.0%
Debt €59,163 ▼ 32.4%
Debt's share of the balance-sheet total falls from 60.1% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€27,503▲
2024 · €23,895
Cash flow
€19,122▲
2024 · €15,544
Current ratio
0.11▼
2024 · 0.23
Debt to equity
0.90▼
2024 · 1.51
ROE
11.5%▲
2024 · 6.8%
ROA
6.0%▲
2024 · 2.7%
Interest coverage
13.70▲
2024 · 7.76
Debt ≤ 1 year
€34,163▼
2024 · €56,931
Debt > 1 year
€25,000▼
2024 · €30,548
Income taxes
€6,374▲
2024 · €5,272
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% 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 < 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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€145,560€124,772▼
Fixed assets21/28€132,720€121,126▼
Intangible fixed assets21€100,474€88,879▼
Tangible fixed assets22/27€32,246€32,246=
Land and buildings22€32,246€32,246=
Current assets29/58€12,840€3,646▼
Cash at bank and in hand54/58€12,840€3,646▼
Equity and liabilities
Total equity and liabilities10/49€145,560€124,772▼
Equity10/15€58,081€65,608▲
Contributions10/11€46,200€46,200=
Capital10€46,200€46,200=
Profit (loss) carried forward14€11,881€19,408▲
Amounts payable17/49€87,479€59,163▼
Amounts payable after more than one year17€30,548€25,000▼
Financial debts170/4€30,548€25,000▼
Amounts payable within one year42/48€56,931€34,163▼
Current portion of amounts payable after more than one year42€21,501€5,548▼
Trade debts44-€400
Suppliers440/4-€400
Advances received on contracts in progress46€7,315-
Taxes, remuneration and social security45€1,572€1,674▲
Taxes450/3€1,572€1,674▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,594€11,594=
Other operating charges640/8€451€465▲
Gross operating margin9900€24,346€27,968▲
Operating profit (loss)9901€12,300€15,908▲
Financial charges65/66B€3,078€2,007▼
Recurring financial charges65€3,078€2,007▼
Profit (loss) for the period before taxes9903€9,222€13,901▲
Income taxes67/77€5,272€6,374▲
Profit (loss) for the period9904€3,950€7,527▲
Profit (loss) for the period to be appropriated9905€3,950€7,527▲
Appropriation of the result
Profit (loss) to be appropriated9906€11,881€19,408▲
Profit (loss) brought forward from the previous period14P€7,931€11,881▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€105,302----
Remuneration, social security and pensions62€10,196€0----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€3,875€11,594€11,594=
Other operating charges640/8€421€585€7,271€451€465▲ 3.2%
Gross operating margin9900-€1,080€111,220€11,543€24,346€27,968▲ 14.9%
Operating profit (loss)9901-€11,696€110,635€396€12,300€15,908▲ 29.3%
Financial charges65/66B€160€177€1,509€3,078€2,007▼ 34.8%
Recurring financial charges65€160€177€1,509€3,078€2,007▼ 34.8%
Profit (loss) for the period before taxes9903-€11,856€110,458-€1,113€9,222€13,901▲ 50.7%
Income taxes67/77--€661€5,272€6,374▲ 20.9%
Profit (loss) for the period9904-€11,856€110,458-€1,774€3,950€7,527▲ 90.6%
Profit (loss) for the period to be appropriated9905-€11,856€110,458-€1,774€3,950€7,527▲ 90.6%
Line20212022202320242025Change
Assets
Total assets20/58€174,480€82,905€164,807€145,560€124,772▼ 14.3%
Fixed assets21/28€72,671€72,671€144,314€132,720€121,126▼ 8.7%
Intangible fixed assets21--€112,068€100,474€88,879▼ 11.5%
Tangible fixed assets22/27€32,246€32,246€32,246€32,246€32,246=
Land and buildings22€32,246€32,246€32,246€32,246€32,246=
Financial fixed assets28€40,425€40,425----
Current assets29/58€101,809€10,234€20,492€12,840€3,646▼ 71.6%
Amounts receivable after more than one year29€87,055€0----
Other amounts receivable291€87,055€0----
Amounts receivable within one year40/41€14,130€0€384---
Other amounts receivable41€14,130€0€384---
Cash at bank and in hand54/58€624€10,234€20,108€12,840€3,646▼ 71.6%
Equity and liabilities
Total equity and liabilities10/49€174,480€82,905€164,807€145,560€124,772▼ 14.3%
Equity10/15-€54,553€55,905€54,131€58,081€65,608▲ 13.0%
Contributions10/11€46,200€46,200€46,200€46,200€46,200=
Capital10--€46,200€46,200€46,200=
Outside capital11€46,200-----
Other1109/19€46,200-----
Profit (loss) carried forward14-€100,753€9,705€7,931€11,881€19,408▲ 63.4%
Amounts payable17/49€229,033€27,000€110,675€87,479€59,163▼ 32.4%
Amounts payable after more than one year17--€52,049€30,548€25,000▼ 18.2%
Financial debts170/4--€52,049€30,548€25,000▼ 18.2%
Amounts payable within one year42/48€24,108€27,000€58,627€56,931€34,163▼ 40.0%
Current portion of amounts payable after more than one year42--€20,444€21,501€5,548▼ 74.2%
Trade debts44€970€0€2,434-€400-
Suppliers440/4€970€0€2,434-€400-
Advances received on contracts in progress46--€7,069€7,315--
Taxes, remuneration and social security45€0-€1,775€1,572€1,674▲ 6.5%
Taxes450/3--€1,775€1,572€1,674▲ 6.5%
Remuneration and social security454/9€0-----
Other amounts payable47/48€23,138€27,000----
Accrued charges and deferred income492/3€204,925€0----
Line20212022202320242025Change
Profit (loss) for the period9904-€11,856€110,458-€1,774€3,950€7,527▲ 90.6%
+ Depreciation and write-downs630--€3,875€11,594€11,594=
Operating cash flow (approximation)-€11,856€110,458€2,102€15,544€19,122▲ 23.0%
Investment in fixed assets (approximation)-€0-€75,518€0€0-
Change in cash-€9,610€9,874-€7,268-€9,194▼ 26.5%

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
17-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €3,950
Net result €3,950 after one loss-making year.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
17-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
31-12
Financial Back to profitnet €110,458
Net result €110,458 after 4 loss-making years.
13-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet -€20,273
Net result drops to -€20,273, the lowest in the series; recovery starts the following year.
17-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
11-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
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 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Fleurus
exact location from the address register On OpenStreetMap
Ground area
1,924 m²
Building footprint
595 m²
Parcel 52332B0509/00M000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52332B0509/00M000 Wallonia 1,924 m² 1 · 595 m² -
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 holding

Owners 0

The accounts to 31-12-2022 list no shareholders, and no other source names one.

Holdings 1

According to the 2022 annual accounts of PEGROL and those 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.

Identification & contact

Identification
Legal formNon-profit association
Founded30-04-1987
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0431168661
Registered 08-12-2025

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

Register as of 28 September 2026 · Peppol Directory

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