PELBECO
ActiveSummary
PELBECO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.87M and a net result of €207k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 89% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-48
Solvency100=
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity ample (current ratio 9.74 against 60.47 in 2024; short-term debt: 7.5% and cash: 49.6% of total assets), and 7.5% of the assets are financed with debt.
Credit check for your own amount and term
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
92.5%
Return on assets
5%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
14 d early
2023
21 d late
2022
16 d late
2021
12 d early
2020
12 d late
2019
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.87M▼ 24.3%
2024 · €5.12M
2018: €4.95M
2019: €4.94M▼ -0.1% vs 2018
2020: €4.94M● +0.0% vs 2019
2021: €4.94M▲ +0.1% vs 2020
2022: €4.95M▲ +0.1% vs 2021
2023: €4.95M▲ +0.1% vs 2022
2024: €5.12M▲ +3.3% vs 2023highest in 8 years
2025: €3.87M▼ -24.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€4.18M▼ 19.3%
2024 · €5.18M
2018: €4.95M
2019: €4.95M▼ -0.1% vs 2018
2020: €4.95M● +0.0% vs 2019
2021: €4.96M▲ +0.2% vs 2020
2022: €4.95M▼ -0.1% vs 2021
2023: €4.95M▲ +0.1% vs 2022
2024: €5.18M▲ +4.6% vs 2023highest in 8 years
2025: €4.18M▼ -19.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€207k▲ 26.6%
2024 · €164k
2018: €-12klowest in 8 years
2019: €-7k▲ +41.5% vs 2018
2020: €331▲ +105% vs 2019
2021: €5k▲ +1357% vs 2020
2022: €7k▲ +38.1% vs 2021
2023: €4k▼ -46.3% vs 2022
2024: €164k▲ +4480% vs 2023
2025: €207k▲ +26.6% vs 2024highest in 8 years
2018 → 2025
Working capital
€2.73M▼ 30.9%
2024 · €3.95M
2018: €1.45M
2019: €1.44M▼ -0.5% vs 2018lowest in 8 years
2020: €1.44M● +0.0% vs 2019
2021: €1.44M▲ +0.3% vs 2020
2022: €1.45M▲ +0.5% vs 2021
2023: €1.45M▲ +0.2% vs 2022
2024: €3.95M▲ +172% vs 2023highest in 8 years
2025: €2.73M▼ -30.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.94M-€4.95M▲ 0.1%€4.95M▲ 0.1%€5.12M▲ 3.3%€3.87M▼ 24.3%
2021: €4.94M
2022: €4.95M▲ +0.1% vs 2021
2023: €4.95M▲ +0.1% vs 2022
2024: €5.12M▲ +3.3% vs 2023highest in 5 years
2025: €3.87M▼ -24.3% vs 2024lowest in 5 years
Operating result€-8k-€-8k▼ 5.4%€-14k▼ 72.4%€2k€-27k
2021: €-8k
2022: €-8k▼ -5.4% vs 2021
2023: €-14k▼ -72.4% vs 2022
2024: €2k▲ +118% vs 2023highest in 5 years
2025: €-27k▼ -1184% vs 2024lowest in 5 years
Net result€5k-€7k▲ 38.1%€4k▼ 46.3%€164k▲ 4,480%€207k▲ 26.6%
2021: €5k
2022: €7k▲ +38.1% vs 2021
2023: €4k▼ -46.3% vs 2022lowest in 5 years
2024: €164k▲ +4480% vs 2023
2025: €207k▲ +26.6% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.18M
Fixed assets
€1.14M ▼ 2.1%
Current assets
€3.04M ▼ 24.3%
Equity and liabilities €4.18M
Equity
€3.87M ▼ 24.3%
Debt
€312k ▲ 370%
Debt's share of the balance-sheet total rises from 1.3% to 7.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2024 · €24k
Cash flow
€232k▲
2024 · €185k
Current ratio
9.74▼
2024 · 60.47
Debt to equity
0.08▲
2024 · 0.01
ROE
5.4%▲
2024 · 3.2%
ROA
5.0%▲
2024 · 3.2%
Interest coverage
-0.11▼
2024 · 34.13
Debt ≤ 1 year
€312k▲
2024 · €66k
Income taxes
€34k▲
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.18M€4.18M▼
Fixed assets21/28€1.17M€1.14M▼
Tangible fixed assets22/27€99k€74k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€93k€70k▼
Financial fixed assets28€1.07M€1.07M=
Current assets29/58€4.01M€3.04M▼
Amounts receivable after more than one year29€1.96M€874k▼
Other amounts receivable291€1.96M€874k▼
Amounts receivable within one year40/41€39k€9k▼
Trade receivables40€5k€3k▼
Other amounts receivable41€35k€7k▼
Current investments50/53-€78k
Cash at bank and in hand54/58€2.01M€2.08M▲
Equity and liabilities
Total equity and liabilities10/49€5.18M€4.18M▼
Equity10/15€5.12M€3.87M▼
Contributions10/11€3.50M€3.50M=
Reserves13€164k€371k▲
Distributable reserves133€164k€371k▲
Profit (loss) carried forward14€1.45M€0▼
Amounts payable17/49€66k€312k▲
Amounts payable within one year42/48€66k€312k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Advances received on contracts in progress46€5k€0▼
Taxes, remuneration and social security45€33k€46k▲
Taxes450/3€33k€46k▲
Other amounts payable47/48€27k€264k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€25k▲
Other operating charges640/8€2k€7k▲
Gross operating margin9900€27k€5k▼
Operating profit (loss)9901€2k€-27k▼
Financial income75/76B€227k€286k▲
Recurring financial income75€227k€286k▲
Financial charges65/66B€39k€18k▼
Recurring financial charges65€707€18k▲
Non-recurring financial charges66B€38k€0▼
Profit (loss) for the period before taxes9903€191k€241k▲
Income taxes67/77€27k€34k▲
Profit (loss) for the period9904€164k€207k▲
Profit (loss) for the period to be appropriated9905€164k€207k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.62M€1.66M▲
Profit (loss) brought forward from the previous period14P€1.45M€1.45M=
Transfer to equity691/2€164k€207k▲
To other reserves6921€164k€207k▲
Profit to be distributed694/7-€1.45M
Return on contributions (dividend)694-€1.45M
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €22k | €25k | ▲ 14.5% |
| Other operating charges640/8 | €969 | €970 | €109 | €2k | €7k | ▲ 184% |
| Gross operating margin9900 | €-7k | €-7k | €-14k | €27k | €5k | ▼ 82.2% |
| Operating profit (loss)9901 | €-8k | €-8k | €-14k | €2k | €-27k | ▼ 1,184% |
| Financial income75/76B | €14k | €15k | €18k | €227k | €286k | ▲ 26.2% |
| Recurring financial income75 | €14k | €15k | €18k | €227k | €286k | ▲ 26.2% |
| Financial charges65/66B | €2k | €637 | €382 | €39k | €18k | ▼ 52.8% |
| Recurring financial charges65 | €2k | €637 | €382 | €707 | €18k | ▲ 2,491% |
| Non-recurring financial charges66B | - | - | - | €38k | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €5k | €7k | €4k | €191k | €241k | ▲ 26.5% |
| Income taxes67/77 | - | - | - | €27k | €34k | ▲ 26.2% |
| Profit (loss) for the period9904 | €5k | €7k | €4k | €164k | €207k | ▲ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €5k | €7k | €4k | €164k | €207k | ▲ 26.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.96M | €4.95M | €4.95M | €5.18M | €4.18M | ▼ 19.3% |
| Fixed assets21/28 | €3.50M | €3.50M | €3.50M | €1.17M | €1.14M | ▼ 2.1% |
| Tangible fixed assets22/27 | - | - | - | €99k | €74k | ▼ 25.1% |
| Plant, machinery and equipment23 | - | - | - | €6k | €4k | ▼ 30.5% |
| Furniture and vehicles24 | - | - | - | €93k | €70k | ▼ 24.8% |
| Financial fixed assets28 | €3.50M | €3.50M | €3.50M | €1.07M | €1.07M | = |
| Current assets29/58 | €1.46M | €1.45M | €1.45M | €4.01M | €3.04M | ▼ 24.3% |
| Amounts receivable after more than one year29 | €793k | €772k | €751k | €1.96M | €874k | ▼ 55.5% |
| Other amounts receivable291 | €793k | €772k | €751k | €1.96M | €874k | ▼ 55.5% |
| Amounts receivable within one year40/41 | - | - | €1k | €39k | €9k | ▼ 76.3% |
| Trade receivables40 | - | - | - | €5k | €3k | ▼ 49.3% |
| Other amounts receivable41 | - | - | €1k | €35k | €7k | ▼ 80.1% |
| Current investments50/53 | - | - | - | - | €78k | - |
| Cash at bank and in hand54/58 | €663k | €678k | €702k | €2.01M | €2.08M | ▲ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.96M | €4.95M | €4.95M | €5.18M | €4.18M | ▼ 19.3% |
| Equity10/15 | €4.94M | €4.95M | €4.95M | €5.12M | €3.87M | ▼ 24.3% |
| Contributions10/11 | €3.50M | €3.50M | €3.50M | €3.50M | €3.50M | = |
| Reserves13 | - | - | - | €164k | €371k | ▲ 127% |
| Distributable reserves133 | - | - | - | €164k | €371k | ▲ 127% |
| Profit (loss) carried forward14 | €1.44M | €1.45M | €1.45M | €1.45M | €0 | ▼ 100% |
| Amounts payable17/49 | €13k | €989 | €1k | €66k | €312k | ▲ 370% |
| Amounts payable within one year42/48 | €13k | €989 | €1k | €66k | €312k | ▲ 370% |
| Trade debts44 | - | €989 | €1k | €2k | €1k | ▼ 8.0% |
| Suppliers440/4 | - | €989 | €1k | €2k | €1k | ▼ 8.0% |
| Advances received on contracts in progress46 | - | - | - | €5k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €33k | €46k | ▲ 40.5% |
| Taxes450/3 | - | - | - | €33k | €46k | ▲ 40.5% |
| Other amounts payable47/48 | €13k | €0 | - | €27k | €264k | ▲ 882% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €7k | €4k | €164k | €207k | ▲ 26.6% |
| + Depreciation and write-downs630 | - | - | - | €22k | €25k | ▲ 14.5% |
| Operating cash flow (approximation) | €5k | €7k | €4k | €185k | €232k | ▲ 25.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €2.31M | €0 | ▼ 100% |
| Change in cash | - | €15k | €24k | €1.31M | €64k | ▼ 95.1% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €207k ▲26.6%
Net result €207k, the highest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €5MEq €5.12M ▲3.3%
5 profitable years in a row build equity to €5.12M.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
31-12
Financial
Liquidity times 14current ratio 1466.65
Current ratio from 108.21 to 1466.65; short-term debt falls from €13k to €989.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-12
Financial
Back to profitnet €331
Net result €331 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
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 7 acts read
About the unread acts
We know of 7 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
7 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, Brasschaat · 1 establishment unit since 2014
Ground area
2,400 m²
Building footprint
126 m²
Volume, LiDAR
727 m³
Parcel 11322E0001/00H003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
86
companies at this address
See who is registered here
1 establishment unit
Pelbeco
since 20142.237.011.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0001/00H003 | Flanders | 2,400 m² | 1 · 126 m² | 8.0 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 13,429 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
Founded21-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.