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PEIL

Active
Private limited companyfounded 1994active for 32 yearsPoederleese weg 16, 2275 Lille, BelgiumKBO/BCE: BE 0452.860.138

Financials · financial year 2026, abbreviated format

Annual accounts 2026 filed on 18-06-2026 at the NBB all 31 filings

Turnover
≈ €690,000
Estimated: probably between €470,000 and €1.2m
Total assets
€644,723▲ 2.1%
2025 · €631,764
Net result
€25,077▲ 24.0%
2025 · €20,230
Working capital
€378,468▲ 11.7%
2025 · €338,792
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result for 2026 is 30% higher than in 2025 and the highest since 2022. It is a recovery after the fall in 2025.

Operating result€53,139 2026 Net result€25,077 2026

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€140,104-€33,665▼ 76.0%€67,609▲ 101%€27,766▼ 58.9%-€23,942€45,467€40,936▼ 10.0%€53,139▲ 29.8%
Net result€93,916-€15,756▼ 83.2%€46,363within the sector's middle half▲ 194%€13,945within the sector's middle half▼ 69.9%-€32,288below the sector's middle half€30,458within the sector's middle half€20,230within the sector's middle half▼ 33.6%€25,077▲ 24.0%
Equity€155,686-€171,442▲ 10.1%€217,805within the sector's middle half▲ 27.0%€231,750within the sector's middle half▲ 6.4%€199,462within the sector's middle half▼ 13.9%€214,842within the sector's middle half▲ 7.7%€235,072within the sector's middle half▲ 9.4%€260,149▲ 10.7%
Total assets€667,978-€602,248▼ 9.8%€584,252within the sector's middle half▼ 3.0%€637,411within the sector's middle half▲ 9.1%€578,739within the sector's middle half▼ 9.2%€603,495within the sector's middle half▲ 4.3%€631,764within the sector's middle half▲ 4.7%€644,723▲ 2.1%
Debt€512,292-€430,806▼ 15.9%€366,447▼ 14.9%€405,661▲ 10.7%€379,277▼ 6.5%€388,653▲ 2.5%€396,692▲ 2.1%€384,574▼ 3.1%
Working capital€28,865-€85,516▲ 196%€180,587within the sector's middle half▲ 111%€242,691within the sector's middle half▲ 34.4%€251,417within the sector's middle half▲ 3.6%€295,848within the sector's middle half▲ 17.7%€338,792within the sector's middle half▲ 14.5%€378,468▲ 11.7%
Solvency23.3%-28.5%▲ 5.2pp37.3%within the sector's middle half▲ 8.8pp36.4%within the sector's middle half▼ 0.9pp34.5%within the sector's middle half▼ 1.9pp35.6%within the sector's middle half▲ 1.1pp37.2%within the sector's middle half▲ 1.6pp40.4%▲ 3.1pp
Current ratio1.14-1.60▲ 0.463.37above the sector's middle half▲ 1.772.94above the sector's middle half▼ 0.423.73above the sector's middle half▲ 0.794.24above the sector's middle half▲ 0.514.35above the sector's middle half▲ 0.115.16▲ 0.81
Return on assets (ROA)14.1%-2.6%▼ 11.4pp7.9%within the sector's middle half▲ 5.3pp2.2%within the sector's middle half▼ 5.7pp-5.6%below the sector's middle half▼ 7.8pp5.0%within the sector's middle half▲ 10.6pp3.2%within the sector's middle half▼ 1.8pp3.9%▲ 0.7pp
Staff (FTE)2.4-1.8▼ 25.0%2below the sector's middle half▲ 11.1%2.6within the sector's middle half▲ 30.0%2.3within the sector's middle half▼ 11.5%2.2within the sector's middle half▼ 4.3%2.7within the sector's middle half▲ 22.7%2.9▲ 7.4%
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €644,723
Fixed assets €175,328 ▼ 8.6%
Current assets €469,395 ▲ 6.7%
Equity and liabilities €644,723
Equity €260,149 ▲ 10.7%
Debt €384,574 ▼ 3.1%
Debt's share of the balance-sheet total falls from 62.8% to 59.6%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€91,418▲
2025 · €78,012
Cash flow
€63,356▲
2025 · €57,307
Quick ratio
4.55▲
2025 · 3.32
Debt to equity
1.48▼
2025 · 1.69
ROE
9.6%▲
2025 · 8.6%
Interest coverage
5.54▼
2025 · 6.47
Debt ≤ 1 year
€90,927▼
2025 · €101,211
Debt > 1 year
€293,647▼
2025 · €295,481
Income taxes
€15,032▼
2025 · €16,142
Staff costs
€103,205▲
2025 · €87,929
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-01-202231-01-202331-01-202431-01-202531-01-2026
Employees at the balance-sheet date44343
full-time12111
part-time32232
in full-time equivalents2.532.12.92.1
Average over the year, in full-time equivalents2.62.32.22.72.9
On a permanent contract43343
Joined--397143
Left--407044

Source: social balance sheet in the 2022 to 2026 annual accounts

Investments

fixed assets acquired
Item31-01-202231-01-202331-01-202431-01-202531-01-2026
Tangible fixed assets€6,774€10,430€99,454€12,607€21,846
Depreciation and write-downs of the year€48,374€44,978€42,501€37,076€38,279

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as PEIL: site preparation (NACE 43120). They are comparable in size and age: total assets between €465,000 and €911,000, founded between 1985 and 1997.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
PEIL Lille1994€0.6m€0.3m€0.2m-€0.03m2.92026
Van de Voorde Gebrs. Loon- en Grondwerken Evergem1989€0.5m€0.2m€0.2m-€0.03m2.42025
GROVAM Dendermonde1997€0.7m€0.3m€0.3m-€0.01m2.52025
VANHULLEBUS KRIS Knokke-Heist1989€0.7m€0.1m€0.3m-€0.01m3.32025
Maes Beringen1988€0.5m€0.2m€0.2m-€0.02m2.62025
René DERULLIEUX et fils Grâce-Hollogne1985€0.7m€0.4m€0.2m€1.5m-€0.001m22025
VAN DEN BULCK ERNEST EN ZONEN Herentals1991€0.9m€0.1m€0.4m-€0.05m3.92025

They were chosen from the 3,177 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 17,041 companies had the same profile as PEIL has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94.4% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of PEIL itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,041 companies, not a prediction for PEIL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 48 lines

Source: Annual accounts 2026 at the NBB, filed on 18-06-2026.

Balance sheet Code20252026
Assets
Total assets20/58€631,764€644,723▲
Fixed assets21/28€191,760€175,328▼
Tangible fixed assets22/27€191,760€175,328▼
Land and buildings22€154,279€123,001▼
Plant, machinery and equipment23€35,681€29,967▼
Furniture and vehicles24€1,800€22,359▲
Current assets29/58€440,003€469,395▲
Stocks and contracts in progress3€104,126€55,294▼
Stocks30/36€104,126€55,294▼
Amounts receivable within one year40/41€19,337€26,470▲
Trade receivables40€337€11,629▲
Other amounts receivable41€19,000€14,841▼
Cash at bank and in hand54/58€309,687€376,756▲
Deferred charges and accrued income490/1€6,853€10,875▲
Equity and liabilities
Total equity and liabilities10/49€631,764€644,723▲
Equity10/15€235,072€260,149▲
Contributions10/11€18,592€18,592=
Reserves13€216,480€241,557▲
Distributable reserves133€216,480€241,557▲
Amounts payable17/49€396,692€384,574▼
Amounts payable after more than one year17€295,481€293,647▼
Financial debts170/4€295,481€293,647▼
Amounts payable within one year42/48€101,211€90,927▼
Current portion of amounts payable after more than one year42€1,756€1,834▲
Trade debts44€51,002€43,394▼
Suppliers440/4€51,002€43,394▼
Taxes, remuneration and social security45€32,012€36,092▲
Taxes450/3€16,637€17,221▲
Remuneration and social security454/9€15,375€18,870▲
Other amounts payable47/48€16,441€9,608▼
Income statement Code20252026
Non-recurring operating income76A€400€11,570▲
Remuneration, social security and pensions62€87,929€103,205▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,076€38,279▲
Other operating charges640/8€3,645€4,035▲
Gross operating margin9900€169,586€198,657▲
Operating profit (loss)9901€40,936€53,139▲
Financial income75/76B€7,496€3,459▼
Recurring financial income75€7,496€3,459▼
Financial charges65/66B€12,060€16,489▲
Recurring financial charges65€12,060€16,489▲
Profit (loss) for the period before taxes9903€36,372€40,109▲
Income taxes67/77€16,142€15,032▼
Profit (loss) for the period9904€20,230€25,077▲
Profit (loss) for the period to be appropriated9905€20,230€25,077▲
Appropriation of the result
Profit (loss) to be appropriated9906€20,230€25,077▲
Transfer to equity691/2€20,230€25,077▲
To other reserves6921€20,230€25,077▲
Social balance sheet
Average headcount (FTE)90872.72.9▲

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20192020202120222023202420252026Change
Non-recurring operating income76A---€12,951-€26,133€400€11,570▲ 29×
Remuneration, social security and pensions62---€66,355€82,444€56,002€87,929€103,205▲ 17.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64,665€60,633€60,143€48,374€44,978€42,501€37,076€38,279▲ 3.2%
Other operating charges640/8---€5,172€5,977€3,181€3,645€4,035▲ 10.7%
Gross operating margin9900€314,261€168,618€178,688€147,668€109,456€147,151€169,586€198,657▲ 17.1%
Operating profit (loss)9901€140,104€33,665€67,609€27,766-€23,942€45,467€40,936€53,139▲ 29.8%
Financial income75/76B---€1,249€1,481€1,559€7,496€3,459▼ 53.9%
Recurring financial income75€1,819€1,521€1,017€1,249€1,481€1,559€7,496€3,459▼ 53.9%
Financial charges65/66B---€7,240€8,747€11,014€12,060€16,489▲ 36.7%
Recurring financial charges65€11,963€10,824€9,612€7,240€8,747€11,014€12,060€16,489▲ 36.7%
Profit (loss) for the period before taxes9903€129,960€24,362€59,014€21,776-€31,209€36,012€36,372€40,109▲ 10.3%
Income taxes67/77€36,043€8,607€12,651€7,831€1,079€5,555€16,142€15,032▼ 6.9%
Profit (loss) for the period9904€93,916€15,756€46,363€13,945-€32,288€30,458€20,230€25,077▲ 24.0%
Profit (loss) for the period to be appropriated9905€93,916€15,756€46,363€13,945-€32,288€30,458€20,230€25,077▲ 24.0%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€667,978€602,248€584,252€637,411€578,739€603,495€631,764€644,723▲ 2.1%
Fixed assets21/28€427,363€374,177€327,342€269,693€235,145€216,230€191,760€175,328▼ 8.6%
Tangible fixed assets22/27€427,363€374,177€327,342€269,693€235,145€216,230€191,760€175,328▼ 8.6%
Land and buildings22---€248,113€216,835€185,557€154,279€123,001▼ 20.3%
Plant, machinery and equipment23---€15,805€15,027€28,960€35,681€29,967▼ 16.0%
Furniture and vehicles24---€5,775€3,283€1,713€1,800€22,359▲ 12×
Current assets29/58€240,616€228,071€256,911€367,718€343,594€387,265€440,003€469,395▲ 6.7%
Stocks and contracts in progress3€62,154€52,012€43,403€96,863€106,690€92,075€104,126€55,294▼ 46.9%
Stocks30/36---€96,863€106,690€92,075€104,126€55,294▼ 46.9%
Amounts receivable within one year40/41€62,690€59,730€6,252€12,818€15,580€37,222€19,337€26,470▲ 36.9%
Trade receivables40---€12,818€14,680€3,216€337€11,629▲ 35×
Other amounts receivable41----€901€34,006€19,000€14,841▼ 21.9%
Current investments50/53-----€125,000---
Cash at bank and in hand54/58€115,772€111,721€201,939€246,375€215,488€126,358€309,687€376,756▲ 21.7%
Deferred charges and accrued income490/1---€11,662€5,836€6,609€6,853€10,875▲ 58.7%
Equity and liabilities
Total equity and liabilities10/49€667,978€602,248€584,252€637,411€578,739€603,495€631,764€644,723▲ 2.1%
Equity10/15€155,686€171,442€217,805€231,750€199,462€214,842€235,072€260,149▲ 10.7%
Contributions10/11€18,592€18,592-€18,592€18,592€18,592€18,592€18,592=
Reserves13€137,094€152,850€199,213€213,158€180,870€196,250€216,480€241,557▲ 11.6%
Non-distributable reserves130/1---€1,859€1,859----
Reserves not available under the articles1311---€1,859€1,859----
Distributable reserves133---€211,299€179,011€196,250€216,480€241,557▲ 11.6%
Amounts payable17/49€512,292€430,806€366,447€405,661€379,277€388,653€396,692€384,574▼ 3.1%
Amounts payable after more than one year17€299,041€286,751€289,887€280,569€287,100€297,237€295,481€293,647▼ 0.6%
Financial debts170/4---€280,569€287,100€297,237€295,481€293,647▼ 0.6%
Amounts payable within one year42/48€211,751€142,554€76,324€125,027€92,177€91,416€101,211€90,927▼ 10.2%
Current portion of amounts payable after more than one year42---€9,318€569€1,682€1,756€1,834▲ 4.4%
Trade debts44€129,789€82,189€29,840€69,325€64,449€52,914€51,002€43,394▼ 14.9%
Suppliers440/4---€69,325€64,449€52,914€51,002€43,394▼ 14.9%
Taxes, remuneration and social security45---€41,485€24,766€20,694€32,012€36,092▲ 12.7%
Taxes450/3---€25,420€10,980€7,555€16,637€17,221▲ 3.5%
Remuneration and social security454/9---€16,065€13,785€13,139€15,375€18,870▲ 22.7%
Other amounts payable47/48---€4,899€2,393€16,127€16,441€9,608▼ 41.6%
Accrued charges and deferred income492/3---€66-----
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€93,916€15,756€46,363€13,945-€32,288€30,458€20,230€25,077▲ 24.0%
+ Depreciation and write-downs630€64,665€60,633€60,143€48,374€44,978€42,501€37,076€38,279▲ 3.2%
Operating cash flow (approximation)€158,581€76,388€106,506€62,319€12,690€72,959€57,307€63,356▲ 10.6%
Investment in fixed assets (approximation)--€7,447-€13,307€9,275-€10,430-€23,587-€12,607-€21,846▼ 73.3%
Change in cash--€4,051€90,218€44,436-€30,887-€89,130€183,329€67,068▼ 63.4%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 31 filings with the National Bank
Financial year Type Filed Reference Document
31-01-2026 abbreviated format 18-06-2026 2026-00185680 NBB
31-01-2025 abbreviated format 02-06-2025 2025-00119602 PDF
31-01-2024 abbreviated format 28-05-2024 2024-00099977 PDF
31-01-2023 abbreviated format 27-07-2023 2023-00278631 PDF
31-01-2022 abbreviated format 16-08-2022 2022-20292223 PDF
31-01-2021 abbreviated format 28-07-2021 2021-42000155 PDF
31-01-2020 abbreviated format 01-10-2020 2020-57800436 PDF
31-01-2019 abbreviated format 27-09-2019 2019-66300227 PDF
31-01-2018 abbreviated format 06-09-2018 2018-62400046 PDF
31-12-2016 abbreviated format 07-08-2017 2017-41600260 PDF

Show all 31 filings

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