PELLENS
ActiveSummary
PELLENS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €396k and a net result of €71k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 47% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+3
Solvency67=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 2.39 in 2024; short-term debt: 36.8% and cash: 46.8% of total assets), but 58% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
42%
Return on assets
7.6%
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
16 d early
2023
7 d early
2022
13 d early
2021
8 d late
2020
24 d late
2019
27 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
€396k▲ 1.0%
2024 · €392k
2018: €669khighest in 8 years
2019: €375k▼ -43.9% vs 2018lowest in 8 years
2020: €395k▲ +5.4% vs 2019
2021: €398k▲ +0.7% vs 2020
2022: €401k▲ +0.9% vs 2021
2023: €411k▲ +2.5% vs 2022
2024: €392k▼ -4.8% vs 2023
2025: €396k▲ +1.0% vs 2024
2018 → 2025
Total assets
€942k▲ 1.7%
2024 · €926k
2018: €1.12M
2019: €1.19M▲ +6.1% vs 2018
2020: €1.04M▼ -12.5% vs 2019
2021: €1.32M▲ +26.9% vs 2020
2022: €1.34M▲ +1.8% vs 2021highest in 8 years
2023: €1.25M▼ -7.0% vs 2022
2024: €926k▼ -25.9% vs 2023lowest in 8 years
2025: €942k▲ +1.7% vs 2024
2018 → 2025
Net result
€71k▲ 65.1%
2024 · €43k
2018: €65k
2019: €15k▼ -76.7% vs 2018
2020: €20k▲ +34.2% vs 2019
2021: €3k▼ -86.9% vs 2020lowest in 8 years
2022: €4k▲ +31.6% vs 2021
2023: €10k▲ +184% vs 2022
2024: €43k▲ +333% vs 2023
2025: €71k▲ +65.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€473k▼ 3.3%
2024 · €489k
2018: €708khighest in 8 years
2019: €443k▼ -37.4% vs 2018
2020: €417k▼ -5.8% vs 2019
2021: €495k▲ +18.6% vs 2020
2022: €448k▼ -9.4% vs 2021
2023: €400k▼ -10.7% vs 2022lowest in 8 years
2024: €489k▲ +22.2% vs 2023
2025: €473k▼ -3.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€398k-€401k▲ 0.9%€411k▲ 2.5%€392k▼ 4.8%€396k▲ 1.0%
2021: €398k
2022: €401k▲ +0.9% vs 2021
2023: €411k▲ +2.5% vs 2022highest in 5 years
2024: €392k▼ -4.8% vs 2023lowest in 5 years
2025: €396k▲ +1.0% vs 2024
Operating result€-5k-€15k€22k▲ 43.6%€66k▲ 203%€104k▲ 56.9%
2021: €-5klowest in 5 years
2022: €15k▲ +396% vs 2021
2023: €22k▲ +43.6% vs 2022
2024: €66k▲ +203% vs 2023
2025: €104k▲ +56.9% vs 2024highest in 5 years
Net result€3k-€4k▲ 31.6%€10k▲ 184%€43k▲ 333%€71k▲ 65.1%
2021: €3klowest in 5 years
2022: €4k▲ +31.6% vs 2021
2023: €10k▲ +184% vs 2022
2024: €43k▲ +333% vs 2023
2025: €71k▲ +65.1% 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 has risen four years in a row; 2025 is 57% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €942k
Fixed assets
€122k ▲ 43.7%
Current assets
€820k ▼ 2.6%
Equity and liabilities €942k
Equity
€396k ▲ 1.0%
Debt
€546k ▲ 2.2%
Debt's share of the balance-sheet total rises from 57.7% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137k▲
2024 · €100k
Cash flow
€104k▲
2024 · €77k
Current ratio
2.37▼
2024 · 2.39
Quick ratio
2.19▼
2024 · 2.27
Debt to equity
1.38▲
2024 · 1.36
ROE
18.1%▲
2024 · 11.0%
ROA
7.6%▲
2024 · 4.7%
Interest coverage
74.43▲
2024 · 47.21
Debt ≤ 1 year
€346k▼
2024 · €352k
Debt > 1 year
€15k▲
2024 · €0
Income taxes
€33k▲
2024 · €23k
Staff costs
€483k▼
2024 · €537k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€926k€942k▲
Fixed assets21/28€85k€122k▲
Tangible fixed assets22/27€85k€122k▲
Land and buildings22€38k€39k▲
Plant, machinery and equipment23€19k€18k▼
Furniture and vehicles24€27k€65k▲
Current assets29/58€841k€820k▼
Stocks and contracts in progress3€41k€61k▲
Stocks30/36€41k€61k▲
Amounts receivable within one year40/41€344k€274k▼
Trade receivables40€318k€250k▼
Other amounts receivable41€27k€25k▼
Cash at bank and in hand54/58€412k€441k▲
Deferred charges and accrued income490/1€44k€43k▼
Equity and liabilities
Total equity and liabilities10/49€926k€942k▲
Equity10/15€392k€396k▲
Contributions10/11€19k€19k=
Reserves13€373k€377k▲
Distributable reserves133€373k€377k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€534k€546k▲
Amounts payable after more than one year17€0€15k▲
Financial debts170/4€0€15k▲
Amounts payable within one year42/48€352k€346k▼
Current portion of amounts payable after more than one year42€9k€15k▲
Trade debts44€214k€214k▼
Suppliers440/4€214k€214k▼
Taxes, remuneration and social security45€26k€60k▲
Taxes450/3€10k€33k▲
Remuneration and social security454/9€15k€27k▲
Other amounts payable47/48€103k€58k▼
Accrued charges and deferred income492/3€183k€185k▲
Income statement
Code20242025
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€537k€483k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€2k▼
Gross operating margin9900€638k€621k▼
Operating profit (loss)9901€66k€104k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Non-recurring financial income76B€0-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€66k€104k▲
Income taxes67/77€23k€33k▲
Profit (loss) for the period9904€43k€71k▲
Profit (loss) for the period to be appropriated9905€43k€71k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€71k▲
Transfer from equity791/2€63k€0▼
Transfer to equity691/2€43k€4k▼
To other reserves6921€43k€4k▼
Profit to be distributed694/7€63k€68k▲
Return on contributions (dividend)694€63k€68k▲
Social balance
Average headcount (FTE)90878.77.5▼
The notes to these accounts (25 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €5k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €760k | €658k | €664k | €537k | €483k | ▼ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €32k | €33k | €33k | €33k | ▼ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €21k | €4k | €80k | €0 | - | - |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 3.8% |
| Non-recurring operating charges66A | - | €3k | €0 | - | - | - |
| Gross operating margin9900 | €818k | €715k | €801k | €638k | €621k | ▼ 2.7% |
| Operating profit (loss)9901 | €-5k | €15k | €22k | €66k | €104k | ▲ 56.9% |
| Financial income75/76B | €19k | €734 | €4k | €2k | €2k | ▲ 18.2% |
| Recurring financial income75 | €19k | €734 | €589 | €2k | €2k | ▲ 18.2% |
| Non-recurring financial income76B | - | - | €3k | €0 | - | - |
| Financial charges65/66B | €4k | €5k | €4k | €2k | €2k | ▼ 13.0% |
| Recurring financial charges65 | €4k | €5k | €4k | €2k | €2k | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €10k | €11k | €22k | €66k | €104k | ▲ 58.2% |
| Income taxes67/77 | €7k | €7k | €12k | €23k | €33k | ▲ 45.0% |
| Profit (loss) for the period9904 | €3k | €4k | €10k | €43k | €71k | ▲ 65.1% |
| Profit (loss) for the period to be appropriated9905 | €3k | €4k | €10k | €43k | €71k | ▲ 65.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.32M | €1.34M | €1.25M | €926k | €942k | ▲ 1.7% |
| Fixed assets21/28 | €138k | €107k | €117k | €85k | €122k | ▲ 43.7% |
| Tangible fixed assets22/27 | €138k | €107k | €117k | €85k | €122k | ▲ 43.7% |
| Land and buildings22 | €68k | €61k | €48k | €38k | €39k | ▲ 3.0% |
| Plant, machinery and equipment23 | €6k | €21k | €27k | €19k | €18k | ▼ 8.7% |
| Furniture and vehicles24 | €63k | €25k | €42k | €27k | €65k | ▲ 138% |
| Current assets29/58 | €1.18M | €1.24M | €1.13M | €841k | €820k | ▼ 2.6% |
| Stocks and contracts in progress3 | €239k | €285k | €127k | €41k | €61k | ▲ 47.9% |
| Stocks30/36 | €239k | €285k | €127k | €41k | €61k | ▲ 47.9% |
| Amounts receivable within one year40/41 | €683k | €585k | €540k | €344k | €274k | ▼ 20.4% |
| Trade receivables40 | €602k | €513k | €473k | €318k | €250k | ▼ 21.5% |
| Other amounts receivable41 | €82k | €73k | €68k | €27k | €25k | ▼ 7.0% |
| Cash at bank and in hand54/58 | €215k | €323k | €422k | €412k | €441k | ▲ 7.2% |
| Deferred charges and accrued income490/1 | €46k | €43k | €43k | €44k | €43k | ▼ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.32M | €1.34M | €1.25M | €926k | €942k | ▲ 1.7% |
| Equity10/15 | €398k | €401k | €411k | €392k | €396k | ▲ 1.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €379k | €383k | €393k | €373k | €377k | ▲ 1.0% |
| Distributable reserves133 | €379k | €383k | €393k | €373k | €377k | ▲ 1.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €923k | €942k | €838k | €534k | €546k | ▲ 2.2% |
| Amounts payable after more than one year17 | €56k | €31k | €9k | €0 | €15k | - |
| Financial debts170/4 | €56k | €31k | €9k | €0 | €15k | - |
| Amounts payable within one year42/48 | €688k | €788k | €732k | €352k | €346k | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | €25k | €26k | €22k | €9k | €15k | ▲ 62.8% |
| Financial debts43 | - | €100k | €0 | - | - | - |
| Credit institutions430/8 | - | €100k | €0 | - | - | - |
| Trade debts44 | €504k | €529k | €573k | €214k | €214k | ▼ 0.1% |
| Suppliers440/4 | €504k | €529k | €573k | €214k | €214k | ▼ 0.1% |
| Taxes, remuneration and social security45 | €59k | €34k | €64k | €26k | €60k | ▲ 133% |
| Taxes450/3 | €8k | €1k | €16k | €10k | €33k | ▲ 227% |
| Remuneration and social security454/9 | €51k | €33k | €48k | €15k | €27k | ▲ 71.7% |
| Other amounts payable47/48 | €100k | €99k | €73k | €103k | €58k | ▼ 44.1% |
| Accrued charges and deferred income492/3 | €178k | €124k | €97k | €183k | €185k | ▲ 1.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €4k | €10k | €43k | €71k | ▲ 65.1% |
| + Depreciation and write-downs630 | €40k | €32k | €33k | €33k | €33k | ▼ 2.3% |
| Operating cash flow (approximation) | €43k | €36k | €43k | €77k | €104k | ▲ 35.8% |
| Investment in fixed assets (approximation) | - | €-2k | €-43k | €-1k | €-70k | ▼ 5,170% |
| Change in cash | - | €108k | €99k | €-10k | €30k | ▲ 384% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €71k ▲65.1%
Operating result €104k, net result €71k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
31-12
Financial
Weakest financial yearnet €3k ▼86.9%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB 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, Peer · 1 establishment unit since 1993
Ground area
3,810 m²
Building footprint
2,016 m²
Volume, LiDAR
9,450 m³
Parcel 72030B0856/00S000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PELLENS BVBA
since 19932.060.762.723
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030B0856/00S000 | Flanders | 3,810 m² | 1 · 2,016 m² | 6.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 17,760 EUR awarded · 19,243 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 75 EUR | 0 EUR |
| 2024 | 2 | 10,249 EUR | 10,249 EUR |
| 2023 | 1 | 0 EUR | 4,595 EUR |
| 2022 | 1 | 7,436 EUR | 4,399 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsBinnen- en buitenschrijnwerk duaal (so)
Buitenschrijnwerker aluminium/metaal duaal (so)
Buitenschrijnwerker kunststoffen/PVC duaal (so)
Medewerker hout duaal (so)
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 6,408 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
Founded23-11-1992
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.