PEHLIVAN GROUP
ActiveThe computed 12-month bankruptcy probability of PEHLIVAN GROUP is 3.0% (moderate). The 2025 annual accounts show equity of €19k and a net result of €18k. Its solvency ranks better than 50% of 4488 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+83
Solvency63▲+35
Growth78
Track record82
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 0.68 in 2024; short-term debt: 61.6% and cash: 0% of total assets), and 61.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 49
Relative position
BE, all sectors
reference
Sector 49
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
38.4%
Return on assets
36.6%
Age of the figures
9 mo
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 · 2 filingsDeviation from the deadline
2025
14 d early
2024
279 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▲ 2,001%
2024 · €907
2024: €907
2024 → 2025
Total assets
€50k▲ 90.8%
2024 · €26k
2024: €26k
2024 → 2025
Net result
€18k
2024 · €-2k
2024: €-2k
2024 → 2025
Working capital
€5k
2024 · €-8k
2024: €-8k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€907-€19k▲ 2,001%
Operating result€-2k-€23k
Net result€-2k-€18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €23k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€14k▲ 55.6%
Current assets
€36k▲ 110%
Equity and liabilities €50k
Equity
€19k▲ 2,001%
Debt
€31k▲ 21.7%
The debt ratio falls from 96.5% to 61.6%. Equity and debt are higher.
Key figures and ratios
Solvency
38.4%▲
2024 · 3.5%
Current ratio
1.17▲
2024 · 0.68
Quick ratio
1.17▲
2024 · 0.68
Debt / equity
1.60
ROE
95.2%
ROA
36.6%▲
2024 · -8.1%
Debt
€31k▲
2024 · €25k
Debt ≤ 1 year
€31k▲
2024 · €25k
Income taxes
€4k
Staff costs
€1k
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€26k€50k▲
Fixed assets21/28€9k€14k▲
Financial fixed assets28€9k€14k▲
Current assets29/58€17k€36k▲
Amounts receivable within one year40/41€16k€36k▲
Trade receivables40€13k€33k▲
Other amounts receivable41€3k€3k=
Cash at bank and in hand54/58€510€14▼
Equity and liabilities
Total equity and liabilities10/49€26k€50k▲
Equity10/15€907€19k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-2k€16k▲
Amounts payable17/49€25k€31k▲
Amounts payable within one year42/48€25k€31k▲
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Taxes, remuneration and social security45-€15k
Taxes450/3-€14k
Remuneration and social security454/9-€1k
Other amounts payable47/48€19k€14k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€1k
Other operating charges640/8-€324
Gross operating margin9900€-2k€24k▲
Operating profit (loss)9901€-2k€23k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€114€162▲
Recurring financial charges65€114€162▲
Profit (loss) for the period before taxes9903€-2k€22k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-2k€18k▲
Profit (loss) for the period to be appropriated9905€-2k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€16k▲
Profit (loss) brought forward from the previous period14P-€-2k
The notes to these accounts (3 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 279 days late
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zaventem · 1 establishment unit since 2024
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.
Excelsiorlaan 711930 ZaventemGround area
6,016 m²
Building footprint
1,607 m²
Volume, LiDAR
15,083 m³
2 parcels, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PEHLIVAN GROUP
since 20242.364.625.022
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0036/00W000 | Flanders | 5,436 m² | 1 · 1,487 m² | 12.6 m · 3 fl. |
| 23071A0078/04A000 | Flanders | 580 m² | 1 · 120 m² | 9.4 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
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
SEV-GROUP
BE 1014.614.555
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KHOULS EXPRESS
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DVEX
BE 0728.548.192
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ACHOUR TRANSPORT
BE 0789.477.654
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ZAYANE
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,196. 4,899 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-03-2024
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.