Result
-€46,945 ▲ 71.3%
The result rose in 2025: different schema filed.
PELGRIMO
Lifetime
2 annual accounts with figures on one time axispeak €273,604 (2025)
€273,604▲ 51.4%
lowest -€163,463 (2024)
-€46,945▲ €116,518
peak €640,727 (2024)
€593,782▼ 7.3%
€5.4m▼ 7.0%
Board3 names since 2024
2 directorsJONNAERT Jean Paul and 1 other
Owners
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Gross margin from €180,697 to €273,604Loss of €46,945Cash from €28,888 to €8,215
Key points
from the 2025 annual accountsDebts
€5.4m 90% of the balance sheet
Financial debts 56%Suppliers 1%Other 44%
€3.2m of the debts are secured on the company's own assets. In 2024 that was €3.3m.
Investments
€47,735 0.3 × depreciation
Green is investment, beige is depreciation.
Checked score
79
Excellent
Financially stronger than 34% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2025: 0.9%
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 1.4%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 1.4%● unchanged vs 08-2025highest value
10-2025: 0.2%▼ -1.2 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.3%▲ +0.1 percentage points vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 17.10, cash €8,215, halved
No registered site in the KBO
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €6.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 29% of them on solvency, 57% on liquidity, 28% on profitability and 25% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 403 companies had the same profile as PELGRIMO has now. Each dot is one company, two years later.
96.3%
were still trading
2.7%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of PELGRIMO itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 403 companies, not a prediction for PELGRIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €45,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 17.1 (11.83 in 2024), above the usual 1.5. Short-term debt is 2.8% and cash 0.1% of total assets. However, 90.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Eight signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year -€46,945
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5810 sector peers (2025).
NBB · sector comparisonPosition among 5810 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
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 14-07-2026, 17 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
17 days early
2024
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 6 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CROWN ENTERPRISES 100%score 82equity €8.7m (2025) · 2025 annual accounts of CROWN ENTERPRISES
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1004884861
Incorporation
Founding capital of €86,132.19, 10,075 shares · Demerger: PELGRIMO splits off to PELGRIMO · Founder: TJ Investments · published on 29-01-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PELGRIMO Aalst | €6.0m | €273,604 | 9.8% | - |
| Bisschop Estate Antwerp | €5.3m | €320,181 | 10.6% | - |
| DE BRANDT IMMO Lochristi | €4.2m | €217,554 | 32.3% | 0 |
| GREEN SPHERE BRUSSELS Baelen | €5.2m | €214,597 | -1.6% | - |
| AVMLC Bierbeek | €5.8m | €350,565 | -5.6% | 0 |
| Avelgem Real Estate 1 Avelgem | €4.6m | €338,670 | 1.7% | - |
| Winterhalter Facility Management Londerzeel | €6.6m | €376,017 | 36.8% | - |
These companies have the same main activity as PELGRIMO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €4.2m and €6.6m, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 18-01-2024Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €300,000estimated
- €6.0m▼ 7.1%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Companies linked to PELGRIMO
Parent and group
Insights on PELGRIMO
PELGRIMO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €593,782 and a net result of -€46,945.
Its solvency ranks better than 23% of 5,810 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PELGRIMO
- What is the company number of PELGRIMO?
- The company number of PELGRIMO is 1004.884.861. The VAT number is the same number with BE in front: BE 1004.884.861.
- Where is PELGRIMO based?
- The registered office is at Industrielaan 17A, 9320 Aalst.Company details
- What does PELGRIMO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of PELGRIMO?
- PELGRIMO is a public limited company (NV).
- When was PELGRIMO founded?
- PELGRIMO was founded on 18-01-2024.
- Is PELGRIMO still active?
- Yes, PELGRIMO is an active enterprise in the KBO register.
- What is the turnover of PELGRIMO?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €273,604 and 39 comparable companies (NACE 68203). It probably lies between €290,000 and €380,000.Financials
- Is PELGRIMO profitable?
- In financial year 2025, PELGRIMO made a loss of €46,945.
- Where can I find the annual accounts of PELGRIMO?
- PELGRIMO filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PELGRIMO due?
- PELGRIMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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