PEIRS
ActiveSummary
PEIRS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210,544 and a net result of €20,776. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-2
Solvency63▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.48 against 5.85 in 2024; short-term debt: 7.1% and cash: 5.9% of total assets), but 61.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
38.2%
Return on assets
3.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d late
2023
21 d early
2022
35 d early
2021
31 d early
2020
1 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€210,544▲ 10.9%
2024 · €189,769
Total assets
€551,795▲ 7.4%
2024 · €513,650
Net result
€20,776▼ 20.4%
2024 · €26,106
Working capital
€58,148▼ 53.1%
2024 · €124,028
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,115▼ 29.0%€53,274▲ 306%€31,169▼ 41.5%€38,910▲ 24.8%€32,124▼ 17.4%
Net result€9,473within the sector's middle half▼ 44.6%€41,449above the sector's middle half▲ 338%€20,019within the sector's middle half▼ 51.7%€26,106above the sector's middle half▲ 30.4%€20,776within the sector's middle half▼ 20.4%
Equity€102,195within the sector's middle half▲ 10.2%€143,643above the sector's middle half▲ 40.6%€163,662above the sector's middle half▲ 13.9%€189,769above the sector's middle half▲ 16.0%€210,544above the sector's middle half▲ 10.9%
Total assets€158,885within the sector's middle half▼ 0.9%€267,461within the sector's middle half▲ 68.3%€328,114above the sector's middle half▲ 22.7%€513,650above the sector's middle half▲ 56.5%€551,795above the sector's middle half▲ 7.4%
Debt€56,691▼ 16.1%€123,817▲ 118%€164,452▲ 32.8%€323,881▲ 96.9%€341,251▲ 5.4%
Working capital€67,170within the sector's middle half▲ 12.6%-€2,772below the sector's middle half€109,070above the sector's middle half€124,028above the sector's middle half▲ 13.7%€58,148within the sector's middle half▼ 53.1%
Solvency64.3%above the sector's middle half▲ 6.5pp53.7%within the sector's middle half▼ 10.6pp49.9%within the sector's middle half▼ 3.8pp36.9%within the sector's middle half▼ 12.9pp38.2%within the sector's middle half▲ 1.2pp
Current ratio2.96above the sector's middle half▲ 0.430.97below the sector's middle half▼ 1.995.09above the sector's middle half▲ 4.115.85above the sector's middle half▲ 0.772.48within the sector's middle half▼ 3.38
Return on assets (ROA)6.0%within the sector's middle half▼ 4.7pp15.5%within the sector's middle half▲ 9.5pp6.1%within the sector's middle half▼ 9.4pp5.1%within the sector's middle half▼ 1.0pp3.8%within the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €551,795
Fixed assets
€454,266 ▲ 24.8%
Current assets
€97,529 ▼ 34.8%
Equity and liabilities €551,795
Equity
€210,544 ▲ 10.9%
Debt
€341,251 ▲ 5.4%
Debt's share of the balance-sheet total falls from 63.1% to 61.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58,219▲
2024 · €55,690
Cash flow
€46,871▲
2024 · €42,886
Debt to equity
1.62▼
2024 · 1.71
ROE
9.9%▼
2024 · 13.8%
Interest coverage
11.22▲
2024 · 9.68
Debt ≤ 1 year
€39,381▲
2024 · €25,554
Debt > 1 year
€301,870▲
2024 · €298,328
Income taxes
€6,159▼
2024 · €7,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 6,045 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €289 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,967 | €7,229 | €12,293 | €16,780 | €26,095 | ▲ 55.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€10,025 | - | - | - |
| Other operating charges640/8 | - | €6,300 | €911 | €23,625 | €1,081 | ▼ 95.4% |
| Gross operating margin9900 | €23,063 | €66,804 | €34,637 | €79,315 | €59,300 | ▼ 25.2% |
| Operating profit (loss)9901 | €13,115 | €53,274 | €31,169 | €38,910 | €32,124 | ▼ 17.4% |
| Financial income75/76B | - | - | €0 | €49 | €0 | ▼ 99.4% |
| Recurring financial income75 | €1 | - | €0 | €49 | €0 | ▼ 99.4% |
| Financial charges65/66B | - | €3,053 | €6,052 | €5,755 | €5,189 | ▼ 9.8% |
| Recurring financial charges65 | €934 | €3,053 | €6,052 | €5,755 | €5,189 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €12,182 | €50,222 | €25,116 | €33,204 | €26,935 | ▼ 18.9% |
| Income taxes67/77 | €2,708 | €8,773 | €5,098 | €7,098 | €6,159 | ▼ 13.2% |
| Profit (loss) for the period9904 | €9,473 | €41,449 | €20,019 | €26,106 | €20,776 | ▼ 20.4% |
| Profit (loss) for the period to be appropriated9905 | €9,473 | €41,449 | €20,019 | €26,106 | €20,776 | ▼ 20.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,885 | €267,461 | €328,114 | €513,650 | €551,795 | ▲ 7.4% |
| Fixed assets21/28 | €57,464 | €162,570 | €192,357 | €364,068 | €454,266 | ▲ 24.8% |
| Tangible fixed assets22/27 | €57,464 | €162,570 | €192,357 | €364,068 | €454,266 | ▲ 24.8% |
| Land and buildings22 | - | €152,575 | €171,013 | €345,897 | €443,315 | ▲ 28.2% |
| Plant, machinery and equipment23 | - | €0 | - | €1,802 | €1,425 | ▼ 20.9% |
| Furniture and vehicles24 | - | €9,995 | €21,344 | €16,369 | €9,526 | ▼ 41.8% |
| Current assets29/58 | €101,421 | €104,891 | €135,757 | €149,582 | €97,529 | ▼ 34.8% |
| Amounts receivable within one year40/41 | €13,142 | €34,392 | €32,051 | €43,249 | €63,064 | ▲ 45.8% |
| Trade receivables40 | - | €28,724 | €28,761 | €15,730 | €34,566 | ▲ 120% |
| Other amounts receivable41 | - | €5,668 | €3,290 | €27,519 | €28,498 | ▲ 3.6% |
| Cash at bank and in hand54/58 | €86,327 | €68,590 | €102,260 | €95,624 | €32,796 | ▼ 65.7% |
| Deferred charges and accrued income490/1 | - | €1,909 | €1,447 | €10,709 | €1,668 | ▼ 84.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,885 | €267,461 | €328,114 | €513,650 | €551,795 | ▲ 7.4% |
| Equity10/15 | €102,195 | €143,643 | €163,662 | €189,769 | €210,544 | ▲ 10.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €95,995 | €137,443 | €157,462 | €183,569 | €204,344 | ▲ 11.3% |
| Non-distributable reserves130/1 | - | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | - | - | - | - |
| Tax-exempt reserves132 | - | €13,898 | €13,898 | €13,898 | €13,898 | = |
| Distributable reserves133 | - | €121,690 | €143,564 | €169,670 | €190,446 | ▲ 12.2% |
| Profit (loss) carried forward14 | €53,682 | - | - | - | - | - |
| Amounts payable17/49 | €56,691 | €123,817 | €164,452 | €323,881 | €341,251 | ▲ 5.4% |
| Amounts payable after more than one year17 | €22,439 | €16,155 | €137,765 | €298,328 | €301,870 | ▲ 1.2% |
| Financial debts170/4 | - | €16,155 | €137,765 | €298,328 | €301,870 | ▲ 1.2% |
| Amounts payable within one year42/48 | €34,251 | €107,662 | €26,687 | €25,554 | €39,381 | ▲ 54.1% |
| Current portion of amounts payable after more than one year42 | - | €74,624 | €6,385 | €6,487 | €23,200 | ▲ 258% |
| Trade debts44 | €19,522 | €24,478 | €8,050 | €18,511 | €15,625 | ▼ 15.6% |
| Suppliers440/4 | - | €24,478 | €8,050 | €18,511 | €15,625 | ▼ 15.6% |
| Taxes, remuneration and social security45 | - | €8,560 | €12,252 | €555 | €555 | = |
| Taxes450/3 | - | €8,560 | €12,252 | €555 | €555 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,473 | €41,449 | €20,019 | €26,106 | €20,776 | ▼ 20.4% |
| + Depreciation and write-downs630 | €6,967 | €7,229 | €12,293 | €16,780 | €26,095 | ▲ 55.5% |
| Operating cash flow (approximation) | €16,440 | €48,678 | €32,311 | €42,886 | €46,871 | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | -€112,335 | -€42,079 | -€188,491 | -€116,293 | ▲ 38.3% |
| Change in cash | - | -€17,736 | €33,670 | -€6,636 | -€62,828 | ▼ 847% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €200,000Eq €210,544 ▲10.9%
6 profitable years in a row build equity to €210,544.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity times 5current ratio 5.09
Current ratio from 0.97 to 5.09; short-term debt falls from €107,662 to €26,687.
30-06
Financial
Equity above €150,000Eq €163,662 ▲13.9%
4 profitable years in a row build equity to €163,662.
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €41,449 ▲338%
Operating result €53,274, net result €41,449, both a record.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €100,000Eq €102,195 ▲10.2%
2 profitable years in a row build equity to €102,195.
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €17,086
Net result €17,086 after one loss-making year.
Show earlier events
30-06
Financial
Liquidity doublescurrent ratio 2.53
Current ratio from 1.18 to 2.53; short-term debt falls from €227,903 to €38,912.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brugge · 1 establishment unit since 2012
Ground area
161 m²
Building footprint
75 m²
Volume, LiDAR
624 m³
Parcel 31805E0135/00A004, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PEIRS
since 20122.211.823.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31805E0135/00A004 | Flanders | 161 m² | 1 · 75 m² | 11.5 m · 3 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.
Similar companies · same sector, comparable size
VANDENBUSSCHE - LAMPO
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BOUWONDERNEMING HAYEN
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Kepler Assembly
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RENOVATIEWERKEN JOHAN WOUTTERS
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 11,974 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-07-2012
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847606784
Also
9925:BE0847606784
Registered
31-08-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.