PELLET SERVICE

Active

Private limited companyfounded 20232 yrs activeBormte(STE) 256, 9190 Stekene, BelgiumKBO/BCE: BE 1003.051.561

The computed 12-month bankruptcy probability of PELLET SERVICE is 2.2% (moderate). The 2025 annual accounts show equity of €47k and a net result of €27k. Its solvency ranks better than 32% of 27619 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

56 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability90▼-10

Solvency55▼-2

Growth78

Track record82

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity tight (current ratio 1.13 against 1.42 in 2024; short-term debt: 48.2% and cash: 0% of total assets), and 69.7% of the assets are financed with debt.

How do we compute the score and the probability?

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

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

30.3%

Return on assets

17.3%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

10 d late

2024

13 d late

← before the deadline after the deadline →

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 months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€47k▲ 133%

2024 · €20k

2024: €20k

2024 → 2025

Total assets

€156k▲ 144%

2024 · €64k

2024: €64k

2024 → 2025

Net result

€27k▲ 55.5%

2024 · €17k

2024: €17k

2024 → 2025

Working capital

€10k▼ 8.0%

2024 · €11k

2024: €11k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€20k-€47k▲ 133%

Operating result€23k-€38k▲ 68.4%

Net result€17k-€27k▲ 55.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 68% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €156k

45.5%

54.5%

Fixed assets €71k▲ 153%

Current assets €85k▲ 138%

Equity and liabilities €156k

30.3%

69.7%

Equity €47k▲ 133%

Debt €109k▲ 150%

The debt ratio rises from 68.1% to 69.7%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€52k▲

2024 · €28k

Cash flow

€41k▲

2024 · €22k

Solvency

30.3%▼

2024 · 31.9%

Current ratio

1.13▼

2024 · 1.42

Quick ratio

0.66▼

2024 · 1.42

Debt / equity

2.30▲

2024 · 2.14

ROE

57.0%▼

2024 · 85.3%

ROA

17.3%▼

2024 · 27.2%

Interest coverage

11.30▼

2024 · 23.83

Debt

€109k▲

2024 · €44k

Debt ≤ 1 year

€75k▲

2024 · €25k

Debt > 1 year

€28k▲

2024 · €18k

Income taxes

€7k▲

2024 · €5k

Staff costs

€52k

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€64k€156k▲

Fixed assets21/28€28k€71k▲

Tangible fixed assets22/27€28k€71k▲

Land and buildings22€15k€22k▲

Plant, machinery and equipment23-€4k

Furniture and vehicles24€1k€803▼

Leasing and similar rights25€12k€44k▲

Current assets29/58€36k€85k▲

Stocks and contracts in progress3-€35k

Stocks30/36-€35k

Amounts receivable within one year40/41€25k€50k▲

Trade receivables40€11k€33k▲

Other amounts receivable41€15k€17k▲

Cash at bank and in hand54/58€10k€0▼

Equity and liabilities

Total equity and liabilities10/49€64k€156k▲

Equity10/15€20k€47k▲

Contributions10/11€3k€3k=

Reserves13-€44k

Distributable reserves133-€44k

Profit (loss) carried forward14€17k€0▼

Amounts payable17/49€44k€109k▲

Amounts payable after more than one year17€18k€28k▲

Financial debts170/4€18k€28k▲

Amounts payable within one year42/48€25k€75k▲

Current portion of amounts payable after more than one year42€6k€16k▲

Financial debts43-€8k

Credit institutions430/8-€8k

Trade debts44€15k€25k▲

Suppliers440/4€15k€25k▲

Taxes, remuneration and social security45€5k€25k▲

Taxes450/3€5k€14k▲

Remuneration and social security454/9-€11k

Accrued charges and deferred income492/3-€5k

Income statement Code20242025

Remuneration, social security and pensions62-€52k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€14k▲

Other operating charges640/8€126€682▲

Gross operating margin9900€28k€105k▲

Operating profit (loss)9901€23k€38k▲

Financial income75/76B€421€432▲

Recurring financial income75€421€432▲

Financial charges65/66B€1k€5k▲

Recurring financial charges65€1k€5k▲

Profit (loss) for the period before taxes9903€22k€34k▲

Income taxes67/77€5k€7k▲

Profit (loss) for the period9904€17k€27k▲

Profit (loss) for the period to be appropriated9905€17k€27k▲

Appropriation of the result

Profit (loss) to be appropriated9906€17k€44k▲

Profit (loss) brought forward from the previous period14P-€17k

Transfer to equity691/2-€44k

To other reserves6921-€44k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 10 days late

2025

13-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 13 days late

NBB filing

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, Stekene · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Bormte(STE) 2569190 Stekene

Ground area

546 m²

Building footprint

97 m²

Volume, LiDAR

459 m³

Parcel 46024A2061/00N000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

PELLET SERVICE

Bormte(STE) 256, 9190 StekeneRepair and maintenance of fabricated metal products

since 20232.353.279.584

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46024A2061/00N000	Flanders	546 m²	1 · 97 m²	7.2 m · 2 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

SANI-LEC

BE 0764.637.835

Sint-Genesius-Rode · Eq €47k

Of 7,039 companies in sector 43221 we hold annual accounts for 3,469. 2,956 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded06-12-2023

Fiscal year end31-12

Activities, NACEBEL

43221Plumbing work

43223Specialised construction activities

43341Painting of buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.