PEJ
ActiveSummary
The computed 12-month bankruptcy probability of PEJ is 2.2% (moderate). The 2025 annual accounts show equity of €18,248 and a net result of €9,604. Equity is growing by ~65.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 1570 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+9
Solvency28▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.6 in 2024; short-term debt: 12.6% and cash: 4.2% of total assets), and 96.9% 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
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 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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
3.1%
Return on assets
1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1570 sector peers (2025).
NBB · sector comparisonPosition among 1570 sector peers
Solvency
better than 23%
← weakest
strongest →
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 03-06-2026, 58 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
58 d early
2024
24 d early
2023
30 d late
← 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 17 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#7 company by total assets in Walcourt, Manufacturing sector
Equity
€18,248▲ 111%
2024 · €8,644
Total assets
€586,687▼ 9.9%
2024 · €650,870
Net result
€9,604▲ 482%
2024 · €1,649
Working capital
-€30,818▲ 39.8%
2024 · -€51,213
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line202320242025
Operating result-€26,254-€27,402€35,350▲ 29.0%
Net result-€38,005below the sector's middle half-€1,649within the sector's middle half€9,604within the sector's middle half▲ 482%
Equity€6,995within the sector's middle half-€8,644within the sector's middle half▲ 23.6%€18,248within the sector's middle half▲ 111%
Total assets€356,557within the sector's middle half-€650,870above the sector's middle half▲ 82.5%€586,687above the sector's middle half▼ 9.9%
Debt€349,562-€642,226▲ 83.7%€568,439▼ 11.5%
Working capital€34,033--€51,213-€30,818▲ 39.8%
Solvency2.0%below the sector's middle half-1.3%below the sector's middle half▼ 0.6pp3.1%below the sector's middle half▲ 1.8pp
Staff (FTE)0.8
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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 has risen two years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €585,316
Fixed assets
€541,993 ▼ 5.5%
Current assets
€43,323 ▼ 42.6%
Equity and liabilities €586,687
Equity
€18,248 ▲ 111%
Debt
€568,439 ▼ 11.5%
Debt's share of the balance-sheet total falls from 98.7% to 96.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,239▲
2024 · €49,145
Cash flow
€47,493▲
2024 · €23,392
Current ratio
0.58▼
2024 · 0.60
Quick ratio
0.43▼
2024 · 0.52
Debt to equity
31.15▼
2024 · 74.30
ROE
52.6%▲
2024 · 19.1%
ROA
1.6%▲
2024 · 0.3%
Interest coverage
2.82▲
2024 · 1.91
Debt ≤ 1 year
€74,141▼
2024 · €126,655
Debt > 1 year
€494,298▼
2024 · €515,571
Staff costs
€44,642▲
2024 · €6,388
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
4.9%
went bankrupt
2.1%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,058 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% | 1.6% |
| 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 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 2,136 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,388 | €44,642 | ▲ 599% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,117 | €21,742 | €37,888 | ▲ 74.3% |
| Other operating charges640/8 | €812 | €1,911 | €484 | ▼ 74.7% |
| Gross operating margin9900 | -€7,325 | €57,444 | €118,364 | ▲ 106% |
| Operating profit (loss)9901 | -€26,254 | €27,402 | €35,350 | ▲ 29.0% |
| Financial income75/76B | €0 | - | €252 | - |
| Recurring financial income75 | €0 | - | €252 | - |
| Financial charges65/66B | €11,752 | €25,753 | €25,997 | ▲ 0.9% |
| Recurring financial charges65 | €11,752 | €25,753 | €25,997 | ▲ 0.9% |
| Profit (loss) for the period before taxes9903 | -€38,005 | €1,649 | €9,604 | ▲ 482% |
| Profit (loss) for the period9904 | -€38,005 | €1,649 | €9,604 | ▲ 482% |
| Profit (loss) for the period to be appropriated9905 | -€38,005 | €1,649 | €9,604 | ▲ 482% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €356,557 | €650,870 | €586,687 | ▼ 9.9% |
| Formation expenses20 | €2,836 | €2,104 | €1,372 | ▼ 34.8% |
| Fixed assets21/28 | €278,462 | €573,324 | €541,993 | ▼ 5.5% |
| Intangible fixed assets21 | €9,101 | €8,101 | €7,101 | ▼ 12.3% |
| Tangible fixed assets22/27 | €269,360 | €563,871 | €533,540 | ▼ 5.4% |
| Land and buildings22 | €252,955 | €500,808 | €480,448 | ▼ 4.1% |
| Plant, machinery and equipment23 | €16,405 | €61,762 | €52,243 | ▼ 15.4% |
| Furniture and vehicles24 | - | €1,301 | €850 | ▼ 34.7% |
| Financial fixed assets28 | - | €1,352 | €1,352 | = |
| Current assets29/58 | €75,259 | €75,442 | €43,323 | ▼ 42.6% |
| Stocks and contracts in progress3 | - | €9,329 | €11,527 | ▲ 23.6% |
| Stocks30/36 | - | €9,329 | €11,527 | ▲ 23.6% |
| Amounts receivable within one year40/41 | €15,611 | €29,551 | €6,898 | ▼ 76.7% |
| Trade receivables40 | €12,801 | €3,475 | €6,278 | ▲ 80.6% |
| Other amounts receivable41 | €2,810 | €26,076 | €620 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €59,648 | €36,562 | €24,898 | ▼ 31.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €356,557 | €650,870 | €586,687 | ▼ 9.9% |
| Equity10/15 | €6,995 | €8,644 | €18,248 | ▲ 111% |
| Contributions10/11 | €45,000 | €45,000 | €45,000 | = |
| Profit (loss) carried forward14 | -€38,005 | -€36,356 | -€26,752 | ▲ 26.4% |
| Amounts payable17/49 | €349,562 | €642,226 | €568,439 | ▼ 11.5% |
| Amounts payable after more than one year17 | €307,196 | €515,571 | €494,298 | ▼ 4.1% |
| Financial debts170/4 | €307,196 | €515,571 | €494,298 | ▼ 4.1% |
| Amounts payable within one year42/48 | €41,227 | €126,655 | €74,141 | ▼ 41.5% |
| Current portion of amounts payable after more than one year42 | - | €20,149 | €20,590 | ▲ 2.2% |
| Trade debts44 | €12,216 | €72,883 | €23,436 | ▼ 67.8% |
| Suppliers440/4 | €12,216 | €72,883 | €23,436 | ▼ 67.8% |
| Taxes, remuneration and social security45 | - | €9,539 | €2,031 | ▼ 78.7% |
| Taxes450/3 | - | €9,539 | €2,031 | ▼ 78.7% |
| Other amounts payable47/48 | €29,011 | €24,083 | €28,084 | ▲ 16.6% |
| Accrued charges and deferred income492/3 | €1,140 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€38,005 | €1,649 | €9,604 | ▲ 482% |
| + Depreciation and write-downs630 | €18,117 | €21,742 | €37,888 | ▲ 74.3% |
| Operating cash flow (approximation) | -€19,889 | €23,392 | €47,493 | ▲ 103% |
| Investment in fixed assets (approximation) | - | -€316,605 | -€6,557 | ▲ 97.9% |
| Change in cash | - | -€23,086 | -€11,664 | ▲ 49.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €9,604 ▲482%
Operating result €35,350, net result €9,604, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,649
Net result €1,649 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Walcourt · 1 establishment unit since 2022
Ground area
690 m²
Building footprint
59 m²
Parcel 93078C0203/00B003, Wallonia. Linked by address, not a title deed.
1 establishment unit
PEJ SRL
since 20222.341.027.989
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93078C0203/00B003 | Wallonia | 690 m² | 1 · 59 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWalcourt2.341.027.989
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Of 329 companies in sector 10130 we hold annual accounts for 234. 74 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
Founded10-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
10130Manufacture of food products
47221Retail sale of meat and meat products, excluding game and poultry
10111Manufacture of food products
10890Manufacture of food products
Contact
E-mail
gilotpatrici@gmail.com
Phone
+32496361773
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793477915
Also
9925:BE0793477915
Registered
11-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.