PELICAN
ActiveFor PELICAN, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €20.13M and a net result of €-673k. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 9352 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability67▲+1
Solvency79▼-21
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
53.5%
Return on assets
-1.8%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline18-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-03-2024, 132 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
132 d early
2022
31 d late
2021
5 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Equity
€20.13M▼ 3.2%
2022 · €20.81M
2021: €21.43M
2022: €20.81M
2021 → 2023
Total assets
€37.60M▲ 39.2%
2022 · €27.02M
2021: €24.50M
2022: €27.02M
2021 → 2023
Net result
€-673k▼ 7.4%
2022 · €-627k
2021: €-576k
2022: €-627k
2021 → 2023
Working capital
€-15.99M▼ 220%
2022 · €-5.00M
2021: €-702k
2022: €-5.00M
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€21.43M-€20.81M▼ 2.9%€20.13M▼ 3.2%
Operating result€-578k-€-646k▼ 11.7%€-724k▼ 12.0%
Net result€-576k-€-627k▼ 8.8%€-673k▼ 7.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €724k in 2023 against €646k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €37.60M
Fixed assets
€37.22M▲ 39.0%
Current assets
€383k▲ 53.3%
Equity and liabilities €37.60M
Equity
€20.13M▼ 3.2%
Debt
€17.47M▲ 181%
The debt ratio rises from 23.0% to 46.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101k▼
2022 · €178k
Cash flow
€152k▼
2022 · €198k
Solvency
53.5%▼
2022 · 77.0%
Current ratio
0.02▼
2022 · 0.05
Quick ratio
0.02▼
2022 · 0.05
Debt / equity
0.87▲
2022 · 0.30
ROE
-3.3%▼
2022 · -3.0%
ROA
-1.8%▲
2022 · -2.3%
Interest coverage
138.88▼
2022 · 564.98
Debt
€17.47M▲
2022 · €6.21M
Debt ≤ 1 year
€16.37M▲
2022 · €5.25M
Debt > 1 year
€1.00M▲
2022 · €929k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€27.02M€37.60M▲
Fixed assets21/28€26.77M€37.22M▲
Tangible fixed assets22/27€26.77M€37.22M▲
Land and buildings22€20.31M€19.50M▼
Assets under construction and advance payments27€6.46M€17.71M▲
Current assets29/58€250k€383k▲
Amounts receivable within one year40/41€5k€170k▲
Trade receivables40€5k€113k▲
Other amounts receivable41-€57k
Cash at bank and in hand54/58€238k€200k▼
Deferred charges and accrued income490/1€7k€13k▲
Equity and liabilities
Total equity and liabilities10/49€27.02M€37.60M▲
Equity10/15€20.81M€20.13M▼
Contributions10/11€16.37M€16.37M=
Revaluation surpluses12€6.36M€6.36M=
Reserves13€7k€7k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-1.93M€-2.60M▼
Amounts payable17/49€6.21M€17.47M▲
Amounts payable after more than one year17€929k€1.00M▲
Financial debts170/4€915k€933k▲
Other amounts payable178/9€14k€70k▲
Amounts payable within one year42/48€5.25M€16.37M▲
Financial debts43€4.90M€14.98M▲
Credit institutions430/8€4.90M€14.98M▲
Trade debts44€353k€1.40M▲
Suppliers440/4€353k€1.40M▲
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Accrued charges and deferred income492/3€31k€92k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€824k€825k▲
Other operating charges640/8€169k€185k▲
Gross operating margin9900€347k€286k▼
Operating profit (loss)9901€-646k€-724k▼
Financial income75/76B€20k€52k▲
Recurring financial income75€20k€52k▲
Financial charges65/66B€315€730▲
Recurring financial charges65€315€730▲
Profit (loss) for the period before taxes9903€-627k€-673k▼
Profit (loss) for the period9904€-627k€-673k▼
Profit (loss) for the period to be appropriated9905€-627k€-673k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.93M€-2.60M▼
Profit (loss) brought forward from the previous period14P€-1.30M€-1.93M▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-673k
Net result drops to €-673k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
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, Antwerpen · 1 establishment unit since 2021
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.
Nationalestraat 1112000 AntwerpenGround area
6,106 m²
Building footprint
1,498 m²
Volume, LiDAR
15,311 m³
2 parcels, Flanders · tallest building 23.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PELICAN
since 20212.316.631.105
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D2357/00X002 | Flanders | 4,545 m² | 1 · 1,152 m² | 23.4 m · 4 fl. |
| 44062A0110/00K000 | Flanders | 1,561 m² | 1 · 345 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FINANCIERE VAUBAN
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WILHELM et Co
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VLAECO
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Of 1,292 companies in sector 68122 we hold annual accounts for 899. 184 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2021
Fiscal year end31-12
Activities, NACEBEL
68122Development of non-residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
68321Property management for co-owned buildings (syndics)
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.