Pelamco
ActiveSummary
Pelamco has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€18,322. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 41% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-8
Solvency67▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.29 in 2024; short-term debt: 50.2% and cash: 1.2% of total assets), and 58.1% of the assets are financed with debt.
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Signals
Three 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
41.9%
Return on assets
-0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
21 d late
2024
28 d early
2023
28 d late
2022
25 d late
2021
31 d late
2020
59 d late
2019
41 d late
← 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 25 days after 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 25 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.2m▼ 1.6%
2024 · €1.2m
Total assets
€2.8m▲ 0.4%
2024 · €2.8m
Net result
-€18,322
2024 · €5,522
Working capital
-€1.0m▼ 10.1%
2024 · -€922,886
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€70,121▼ 10.0%€80,592▲ 14.9%€72,038▼ 10.6%€45,904▼ 36.3%€4,185▼ 90.9%
Net result€13,078within the sector's middle half▼ 26.5%€20,607within the sector's middle half▲ 57.6%-€8,219below the sector's middle half€5,522within the sector's middle half-€18,322below the sector's middle half
Equity€1.2mwithin the sector's middle half▲ 1.1%€1.2mwithin the sector's middle half▲ 1.8%€1.2mwithin the sector's middle half▼ 0.7%€1.2mwithin the sector's middle half▲ 0.5%€1.2mwithin the sector's middle half▼ 1.6%
Total assets€3.0mabove the sector's middle half▲ 3.6%€3.0mabove the sector's middle half▼ 0.1%€2.6mwithin the sector's middle half▼ 12.8%€2.8mwithin the sector's middle half▲ 6.2%€2.8mabove the sector's middle half▲ 0.4%
Debt€1.8m▲ 5.2%€1.8m▼ 1.3%€1.4m▼ 20.7%€1.6m▲ 11.0%€1.6m▲ 1.9%
Working capital-€1.3mbelow the sector's middle half▼ 26.0%-€1.3mbelow the sector's middle half▼ 2.6%-€816,882below the sector's middle half▲ 38.0%-€922,886below the sector's middle half▼ 13.0%-€1.0mbelow the sector's middle half▼ 10.1%
Solvency38.9%within the sector's middle half▼ 0.9pp39.6%within the sector's middle half▲ 0.7pp45.1%within the sector's middle half▲ 5.5pp42.7%within the sector's middle half▼ 2.4pp41.9%within the sector's middle half▼ 0.8pp
Current ratio0.07below the sector's middle half▼ 0.110.07below the sector's middle half=0.24below the sector's middle half▲ 0.170.29below the sector's middle half▲ 0.050.27below the sector's middle half▼ 0.02
Return on assets (ROA)0.4%below the sector's middle half▼ 0.2pp0.7%within the sector's middle half▲ 0.3pp-0.3%below the sector's middle half▼ 1.0pp0.2%below the sector's middle half▲ 0.5pp-0.7%below the sector's middle half▼ 0.9pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half0within the sector's middle half
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 three years in a row; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.4m ▲ 0.7%
Current assets
€379,455 ▼ 1.0%
Equity and liabilities €2.8m
Equity
€1.2m ▼ 1.6%
Debt
€1.6m ▲ 1.9%
Debt's share of the balance-sheet total rises from 57.3% to 58.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54,674▼
2024 · €95,152
Cash flow
€32,166▼
2024 · €54,770
Debt to equity
1.39▲
2024 · 1.34
ROE
-1.6%▼
2024 · 0.5%
Interest coverage
1.36▼
2024 · 2.19
Debt ≤ 1 year
€1.4m▲
2024 · €1.3m
Debt > 1 year
€186,908▼
2024 · €243,173
Income taxes
€289▼
2024 · €9,504
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.6%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,687 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 | €48,853 | €54,978 | €39,409 | €49,248 | €50,489 | ▲ 2.5% |
| Other operating charges640/8 | €4,164 | €4,287 | €4,609 | €5,788 | €5,054 | ▼ 12.7% |
| Non-recurring operating charges66A | - | - | €15,743 | €0 | - | - |
| Gross operating margin9900 | €123,138 | €139,858 | €131,798 | €100,940 | €59,728 | ▼ 40.8% |
| Operating profit (loss)9901 | €70,121 | €80,592 | €72,038 | €45,904 | €4,185 | ▼ 90.9% |
| Financial income75/76B | €42 | €0 | €0 | €12,589 | €18,110 | ▲ 43.9% |
| Recurring financial income75 | €42 | €0 | €0 | €12,589 | €18,110 | ▲ 43.9% |
| Financial charges65/66B | €47,725 | €47,938 | €79,073 | €43,468 | €40,328 | ▼ 7.2% |
| Recurring financial charges65 | €47,725 | €47,938 | €60,915 | €43,468 | €40,328 | ▼ 7.2% |
| Non-recurring financial charges66B | - | - | €18,158 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €22,438 | €32,654 | -€7,035 | €15,026 | -€18,033 | ▼ 220% |
| Income taxes67/77 | €9,360 | €12,048 | €1,184 | €9,504 | €289 | ▼ 97.0% |
| Profit (loss) for the period9904 | €13,078 | €20,607 | -€8,219 | €5,522 | -€18,322 | ▼ 432% |
| Profit (loss) for the period to be appropriated9905 | €13,078 | €20,607 | -€8,219 | €5,522 | -€18,322 | ▼ 432% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €3.0m | €2.6m | €2.8m | €2.8m | ▲ 0.4% |
| Fixed assets21/28 | €2.9m | €2.9m | €2.3m | €2.4m | €2.4m | ▲ 0.7% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 2.5% |
| Land and buildings22 | €1.4m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 2.7% |
| Furniture and vehicles24 | €22,553 | €22,607 | €20,241 | €18,508 | €20,252 | ▲ 9.4% |
| Financial fixed assets28 | €1.5m | €1.5m | €975,435 | €1.0m | €1.1m | ▲ 4.8% |
| Current assets29/58 | €100,170 | €96,599 | €262,323 | €383,424 | €379,455 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €78,340 | €84,990 | €214,836 | €327,223 | €332,426 | ▲ 1.6% |
| Trade receivables40 | €35,875 | €75,490 | €40,825 | €30,444 | €64,459 | ▲ 112% |
| Other amounts receivable41 | €42,464 | €9,500 | €174,011 | €296,779 | €267,967 | ▼ 9.7% |
| Cash at bank and in hand54/58 | €15,388 | €8,758 | €46,778 | €52,565 | €32,895 | ▼ 37.4% |
| Deferred charges and accrued income490/1 | €6,442 | €2,851 | €710 | €3,635 | €14,134 | ▲ 289% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €3.0m | €2.6m | €2.8m | €2.8m | ▲ 0.4% |
| Equity10/15 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 1.6% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €163,607 | €184,214 | €184,214 | €184,214 | €184,214 | = |
| Non-distributable reserves130/1 | €6,637 | €6,637 | €0 | - | - | - |
| Reserves not available under the articles1311 | €6,637 | €6,637 | €0 | - | - | - |
| Distributable reserves133 | €156,970 | €177,577 | €184,214 | €184,214 | €184,214 | = |
| Profit (loss) carried forward14 | - | - | -€8,219 | -€2,697 | -€21,019 | ▼ 679% |
| Amounts payable17/49 | €1.8m | €1.8m | €1.4m | €1.6m | €1.6m | ▲ 1.9% |
| Amounts payable after more than one year17 | €405,893 | €352,647 | €298,413 | €243,173 | €186,908 | ▼ 23.1% |
| Financial debts170/4 | €405,893 | €352,647 | €298,413 | €243,173 | €186,908 | ▼ 23.1% |
| Amounts payable within one year42/48 | €1.4m | €1.4m | €1.1m | €1.3m | €1.4m | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | €52,276 | €53,246 | €54,234 | €55,240 | €56,265 | ▲ 1.9% |
| Trade debts44 | €11,604 | €42,270 | €9,337 | €9,289 | €2,726 | ▼ 70.7% |
| Suppliers440/4 | €11,604 | €42,270 | €9,337 | €9,289 | €2,726 | ▼ 70.7% |
| Taxes, remuneration and social security45 | €51,977 | €21,170 | €26,271 | €12,228 | €13,721 | ▲ 12.2% |
| Taxes450/3 | €51,977 | €21,170 | €26,271 | €12,228 | €13,721 | ▲ 12.2% |
| Other amounts payable47/48 | €1.3m | €1.3m | €989,363 | €1.2m | €1.3m | ▲ 7.6% |
| Accrued charges and deferred income492/3 | €36,630 | €36,630 | €51,300 | €36,244 | €33,567 | ▼ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,078 | €20,607 | -€8,219 | €5,522 | -€18,322 | ▼ 432% |
| + Depreciation and write-downs630 | €48,853 | €54,978 | €39,409 | €49,248 | €50,489 | ▲ 2.5% |
| Operating cash flow (approximation) | €61,931 | €75,585 | €31,190 | €54,770 | €32,166 | ▼ 41.3% |
| Investment in fixed assets (approximation) | - | -€55,395 | €508,662 | -€90,478 | -€66,400 | ▲ 26.6% |
| Change in cash | - | -€6,630 | €38,019 | €5,788 | -€19,670 | ▼ 440% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
16-06
State Gazette act
General meeting · Director resignation
Permanent representative · Other statement
2025
31-12
Financial
Weakest financial yearnet -€18,322
Net result drops to -€18,322, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €5,522
Net result €5,522 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 59 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
31-12
Financial
Back to profitnet €154,739
Net result €154,739 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.1m ▲15.8%
Equity rises from €977,999 to €1.1m.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hasselt · 1 establishment unit since 2016
Ground area
604 m²
Building footprint
210 m²
Volume, LiDAR
1,230 m³
Parcel 71328D0235/00V000, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PELAMCO
since 20162.254.772.324
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0235/00V000 | Flanders | 604 m² | 1 · 210 m² | 12.8 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of Pelamco and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 900 EUR awarded · 521 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 521 EUR |
| 2023 | 1 | 900 EUR | 0 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 26,176 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
Founded13-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0658968906
Also
9925:BE0658968906
Registered
22-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.