PEJO
ActiveSummary
PEJO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €484,101 and a net result of €49,506. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 56% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-2
Solvency84▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.8 in 2024; short-term debt: 40.2% and cash: 39.7% of total assets), and 40.6% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
59.4%
Return on assets
6.1%
Age of the figures
9 mo
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
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
23 d early
2023
37 d early
2022
21 d early
2021
3 d early
2020
9 d early
2019
8 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 9 days before the deadline, and 32% 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. Usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€484,101▲ 6.8%
2024 · €453,095
Total assets
€814,304▼ 6.0%
2024 · €866,010
Net result
€49,506▼ 25.1%
2024 · €66,082
Working capital
€30,362
2024 · -€83,607
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€138,543▲ 33.2%€60,749▼ 56.2%€131,113▲ 116%€95,274▼ 27.3%€78,920▼ 17.2%
Net result€93,402within the sector's middle half▲ 36.4%€45,689within the sector's middle half▼ 51.1%€104,726within the sector's middle half▲ 129%€66,082within the sector's middle half▼ 36.9%€49,506within the sector's middle half▼ 25.1%
Equity€367,100within the sector's middle half▲ 34.1%€412,788within the sector's middle half▲ 12.4%€517,514within the sector's middle half▲ 25.4%€453,095within the sector's middle half▼ 12.4%€484,101within the sector's middle half▲ 6.8%
Total assets€600,143within the sector's middle half▲ 12.6%€583,826within the sector's middle half▼ 2.7%€811,724within the sector's middle half▲ 39.0%€866,010within the sector's middle half▲ 6.7%€814,304within the sector's middle half▼ 6.0%
Debt€233,043▼ 10.1%€171,038▼ 26.6%€294,210▲ 72.0%€412,915▲ 40.3%€330,204▼ 20.0%
Working capital€153,675within the sector's middle half▲ 168%-€79,487below the sector's middle half-€105,630below the sector's middle half▼ 32.9%-€83,607below the sector's middle half▲ 20.8%€30,362within the sector's middle half
Solvency61.2%within the sector's middle half▲ 9.8pp70.7%within the sector's middle half▲ 9.5pp63.8%within the sector's middle half▼ 6.9pp52.3%within the sector's middle half▼ 11.4pp59.4%within the sector's middle half▲ 7.1pp
Current ratio3.08within the sector's middle half▲ 1.270.53below the sector's middle half▼ 2.550.64below the sector's middle half▲ 0.110.80within the sector's middle half▲ 0.161.09within the sector's middle half▲ 0.30
Return on assets (ROA)15.6%above the sector's middle half▲ 2.7pp7.8%within the sector's middle half▼ 7.7pp12.9%within the sector's middle half▲ 5.1pp7.6%within the sector's middle half▼ 5.3pp6.1%within the sector's middle half▼ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €814,304
Fixed assets
€456,239 ▼ 15.4%
Current assets
€358,065 ▲ 9.6%
Equity and liabilities €814,304
Equity
€484,101 ▲ 6.8%
Debt
€330,204 ▼ 20.0%
Debt's share of the balance-sheet total falls from 47.7% to 40.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161,883▼
2024 · €181,716
Cash flow
€132,469▼
2024 · €152,524
Debt to equity
0.68▼
2024 · 0.91
ROE
10.2%▼
2024 · 14.6%
Interest coverage
7.93▼
2024 · 12.43
Debt ≤ 1 year
€327,704▼
2024 · €410,415
Income taxes
€9,909▼
2024 · €16,267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
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%.
| 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 17,810 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,805 | €32,491 | €83,851 | €86,442 | €82,963 | ▼ 4.0% |
| Other operating charges640/8 | €3,727 | €3,891 | €4,117 | €4,169 | €4,257 | ▲ 2.1% |
| Gross operating margin9900 | €174,075 | €97,131 | €219,081 | €185,886 | €166,140 | ▼ 10.6% |
| Operating profit (loss)9901 | €138,543 | €60,749 | €131,113 | €95,274 | €78,920 | ▼ 17.2% |
| Financial income75/76B | - | - | - | €1,694 | €905 | ▼ 46.6% |
| Recurring financial income75 | - | - | - | €1,694 | €905 | ▼ 46.6% |
| Financial charges65/66B | €7,882 | €6,945 | €7,711 | €14,620 | €20,410 | ▲ 39.6% |
| Recurring financial charges65 | €7,882 | €6,945 | €7,711 | €14,620 | €20,410 | ▲ 39.6% |
| Profit (loss) for the period before taxes9903 | €130,660 | €53,804 | €123,402 | €82,349 | €59,415 | ▼ 27.8% |
| Income taxes67/77 | €37,258 | €8,116 | €18,676 | €16,267 | €9,909 | ▼ 39.1% |
| Profit (loss) for the period9904 | €93,402 | €45,689 | €104,726 | €66,082 | €49,506 | ▼ 25.1% |
| Profit (loss) for the period to be appropriated9905 | €93,402 | €45,689 | €104,726 | €66,082 | €49,506 | ▼ 25.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €600,143 | €583,826 | €811,724 | €866,010 | €814,304 | ▼ 6.0% |
| Formation expenses20 | - | - | €96 | €0 | - | - |
| Fixed assets21/28 | €372,528 | €494,775 | €625,549 | €539,202 | €456,239 | ▼ 15.4% |
| Tangible fixed assets22/27 | €372,528 | €494,775 | €625,549 | €539,202 | €456,239 | ▼ 15.4% |
| Land and buildings22 | €345,464 | €321,270 | €297,077 | €272,884 | €248,691 | ▼ 8.9% |
| Plant, machinery and equipment23 | €27,065 | €173,505 | €328,471 | €266,318 | €207,548 | ▼ 22.1% |
| Current assets29/58 | €227,614 | €89,051 | €186,080 | €326,808 | €358,065 | ▲ 9.6% |
| Amounts receivable within one year40/41 | €485 | €25,805 | €30,309 | €28,622 | €31,203 | ▲ 9.0% |
| Trade receivables40 | - | €6,500 | €30,309 | €28,622 | €31,114 | ▲ 8.7% |
| Other amounts receivable41 | €485 | €19,305 | €0 | - | €89 | - |
| Current investments50/53 | - | - | - | €200,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €227,129 | €61,562 | €153,287 | €96,783 | €323,393 | ▲ 234% |
| Deferred charges and accrued income490/1 | - | €1,685 | €2,484 | €1,403 | €3,469 | ▲ 147% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €600,143 | €583,826 | €811,724 | €866,010 | €814,304 | ▼ 6.0% |
| Equity10/15 | €367,100 | €412,788 | €517,514 | €453,095 | €484,101 | ▲ 6.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €100 | ▼ 99.5% |
| Reserves13 | €347,353 | €393,042 | €497,767 | €433,348 | €482,854 | ▲ 11.4% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €345,493 | €393,042 | €497,767 | €433,348 | €482,854 | ▲ 11.4% |
| Profit (loss) carried forward14 | €1,147 | €1,147 | €1,147 | €1,147 | €1,147 | = |
| Amounts payable17/49 | €233,043 | €171,038 | €294,210 | €412,915 | €330,204 | ▼ 20.0% |
| Amounts payable after more than one year17 | €156,604 | €0 | - | - | - | - |
| Financial debts170/4 | €156,604 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €73,939 | €168,538 | €291,710 | €410,415 | €327,704 | ▼ 20.2% |
| Current portion of amounts payable after more than one year42 | €28,037 | €0 | - | - | - | - |
| Trade debts44 | €774 | €115,292 | €22,631 | €18,860 | €18,252 | ▼ 3.2% |
| Suppliers440/4 | €774 | €115,292 | €22,631 | €18,860 | €18,252 | ▼ 3.2% |
| Advances received on contracts in progress46 | - | €6,500 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €3,180 | €3,254 | €11,252 | €13,524 | €9,541 | ▼ 29.5% |
| Taxes450/3 | €3,180 | €3,254 | €11,252 | €13,524 | €9,541 | ▼ 29.5% |
| Other amounts payable47/48 | €41,947 | €43,492 | €257,827 | €378,031 | €299,911 | ▼ 20.7% |
| Accrued charges and deferred income492/3 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93,402 | €45,689 | €104,726 | €66,082 | €49,506 | ▼ 25.1% |
| + Depreciation and write-downs630 | €31,805 | €32,491 | €83,851 | €86,442 | €82,963 | ▼ 4.0% |
| Operating cash flow (approximation) | €125,208 | €78,179 | €188,576 | €152,524 | €132,469 | ▼ 13.1% |
| Investment in fixed assets (approximation) | - | -€154,737 | -€214,624 | -€96 | €0 | ▲ 100% |
| Change in cash | - | -€165,568 | €91,725 | -€56,504 | €226,610 | ▲ 501% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €104,726 ▲129%
Net result €104,726, the highest in the series.
31-12
Financial
Equity above €500,000Eq €517,514 ▲25.4%
6 profitable years in a row build equity to €517,514.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €45,689 ▼51.1%
Net result drops to €45,689, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.80
Current ratio from 0.87 to 1.80; short-term debt falls from €127,359 to €71,208.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €205,217 ▲36.6%
2 profitable years in a row build equity to €205,217.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
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, Wingene · 1 establishment unit since 2012
Ground area
1,347 m²
Building footprint
166 m²
Volume, LiDAR
651 m³
Parcel 37012B1060/00L000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Kruiskerkestraat 2C, 8755 Wingene
since 20122.214.279.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012B1060/00L000 | Flanders | 1,347 m² | 1 · 165 m² | 7.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 51,367 EUR awarded · 51,367 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | -15,820 EUR | 0 EUR |
| 2023 | 2 | 0 EUR | 51,367 EUR |
| 2022 | 2 | 67,187 EUR | 0 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 34,943 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
Founded22-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849789086
Also
9925:BE0849789086
Registered
13-11-2025
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.