Pelgrims Vastgoed
ActivePelgrims Vastgoed has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €944k and a net result of €258k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+6
Solvency75▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 4.07 against 3.08 in 2024; short-term debt: 12% and cash: 11.8% of total assets), and 50% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
50%
Return on assets
13.7%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
112 d early
2023
37 d early
2022
17 d early
2021
on the day
2020
2 d early
2019
36 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€944k▲ 37.6%
2024 · €686k
2018: €153k
2019: €343k
2020: €422k
2021: €527k
2022: €649k
2023: €715k
2024: €686k
2018 → 2025
Total assets
€1.89M▲ 45.5%
2024 · €1.30M
2018: €195k
2019: €1.29M
2020: €938k
2021: €919k
2022: €1.04M
2023: €1.22M
2024: €1.30M
2018 → 2025
Net result
€258k▲ 120%
2024 · €117k
2018: €153k
2019: €190k
2020: €79k
2021: €105k
2022: €122k
2023: €66k
2024: €117k
2018 → 2025
Working capital
€694k▲ 59.7%
2024 · €435k
2018: €152k
2019: €363k
2020: €330k
2021: €425k
2022: €540k
2023: €465k
2024: €435k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€527k-€649k▲ 23.1%€715k▲ 10.2%€686k▼ 4.1%€944k▲ 37.6%
Operating result€150k-€175k▲ 16.3%€94k▼ 45.9%€173k▲ 82.6%€376k▲ 118%
Net result€105k-€122k▲ 16.4%€66k▼ 45.7%€117k▲ 77.2%€258k▲ 120%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 118% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.89M
Fixed assets
€966k▲ 47.9%
Current assets
€920k▲ 43.0%
Equity and liabilities €1.89M
Equity
€944k▲ 37.6%
Debt
€942k▲ 54.2%
The debt ratio rises from 47.1% to 50.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€411k▲
2024 · €207k
Cash flow
€293k▲
2024 · €152k
Solvency
50.0%▼
2024 · 52.9%
Current ratio
4.07▲
2024 · 3.08
Quick ratio
4.07▲
2024 · 3.08
Debt / equity
1.00▲
2024 · 0.89
ROE
27.3%▲
2024 · 17.1%
ROA
13.7%▲
2024 · 9.0%
Interest coverage
26.93▲
2024 · 22.38
Debt
€942k▲
2024 · €611k
Debt ≤ 1 year
€226k▲
2024 · €209k
Debt > 1 year
€716k▲
2024 · €402k
Income taxes
€104k▲
2024 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.30M€1.89M▲
Fixed assets21/28€653k€966k▲
Tangible fixed assets22/27€653k€966k▲
Land and buildings22€648k€963k▲
Furniture and vehicles24€5k€2k▼
Financial fixed assets28€300€600▲
Current assets29/58€644k€920k▲
Amounts receivable within one year40/41€49k€77k▲
Trade receivables40€36k€36k=
Other amounts receivable41€13k€40k▲
Current investments50/53€76k€621k▲
Cash at bank and in hand54/58€518k€222k▼
Deferred charges and accrued income490/1€1k€750▼
Equity and liabilities
Total equity and liabilities10/49€1.30M€1.89M▲
Equity10/15€686k€944k▲
Contributions10/11€6k€6k=
Reserves13€680k€938k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€680k€938k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€611k€942k▲
Amounts payable after more than one year17€402k€716k▲
Financial debts170/4€402k€716k▲
Amounts payable within one year42/48€209k€226k▲
Current portion of amounts payable after more than one year42€36k€36k=
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€25k€42k▲
Taxes450/3€25k€42k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€146k€146k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€35k=
Other operating charges640/8€3k€21k▲
Gross operating margin9900€210k€432k▲
Operating profit (loss)9901€173k€376k▲
Financial income75/76B€4k€976▼
Recurring financial income75€4k€976▼
Financial charges65/66B€9k€15k▲
Recurring financial charges65€9k€15k▲
Profit (loss) for the period before taxes9903€168k€362k▲
Income taxes67/77€50k€104k▲
Profit (loss) for the period9904€117k€258k▲
Profit (loss) for the period to be appropriated9905€117k€258k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€258k▲
Transfer from equity791/2€146k€0▼
Transfer to equity691/2€117k€258k▲
To other reserves6921€117k€258k▲
Profit to be distributed694/7€146k€0▼
Return on contributions (dividend)694€146k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €258k ▲120%
Operating result €376k, net result €258k, both a record.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €66k ▼45.7%
Net result drops to €66k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.88
Current ratio from 2.95 to 6.88; short-term debt falls from €169k to €72k.
31-12
Financial
Equity above €500kEq €527k ▲24.8%
4 profitable years in a row build equity to €527k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €343k ▲125%
2 profitable years in a row build equity to €343k.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Westerlo · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Renderstraat 592260 WesterloGround area
2,335 m²
Building footprint
120 m²
Volume, LiDAR
887 m³
Parcel 13049E0501/00C002, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pelgrims Vastgoed
since 20152.249.011.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049E0501/00C002 | Flanders | 2,335 m² | 1 · 120 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RES. TOLHUIS
BE 1000.900.240
Knokke-Heist · Eq €945k
NERO - INVEST
BE 0479.990.246
Aalst · Eq €942k
ImmoBeHo
BE 0848.513.834
Houthalen-Helchteren · Eq €941k
Vivilog
BE 0831.792.222
Herent · Eq €948k
VDS Investment
BE 0834.164.861
Gent · Eq €940k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,286 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-2015
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.