PELLETFACTORY
ActiveSummary
PELLETFACTORY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156,237 and a net result of -€32,086. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-46
Solvency59▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 4.84 against 7.23 in 2024; short-term debt: 19.7% and cash: 41.9% of total assets), but 66.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
43 d early
2023
28 d early
2022
on the day
2021
24 d early
2020
54 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€156,237▼ 17.0%
2024 · €188,323
Total assets
€464,847▼ 0.2%
2024 · €465,568
Net result
-€32,086
2024 · €4,103
Working capital
€352,531▼ 6.3%
2024 · €376,172
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€118,783▲ 1,065%€179,778▲ 51.4%€5,912▼ 96.7%€8,129▲ 37.5%-€28,822
Net result€105,466▲ 1,091%€175,688▲ 66.6%€2,115▼ 98.8%€4,103▲ 94.0%-€32,086
Equity€6,417€182,105▲ 2,738%€184,220▲ 1.2%€188,323▲ 2.2%€156,237▼ 17.0%
Total assets€458,332▲ 14.3%€627,790▲ 37.0%€476,455▼ 24.1%€465,568▼ 2.3%€464,847▼ 0.2%
Debt€451,915▼ 9.6%€445,685▼ 1.4%€292,234▼ 34.4%€277,245▼ 5.1%€308,610▲ 11.3%
Working capital€204,218▲ 166%€383,025▲ 87.6%€380,365▼ 0.7%€376,172▼ 1.1%€352,531▼ 6.3%
Staff (FTE)0.61.1▲ 83.3%1.1=1.1=1.1=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €28,822 after €8,129 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €464,847
Fixed assets
€20,527 ▼ 29.2%
Current assets
€444,320 ▲ 1.8%
Equity and liabilities €464,847
Equity
€156,237 ▼ 17.0%
Debt
€308,610 ▲ 11.3%
Debt's share of the balance-sheet total rises from 59.5% to 66.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€19,206▼
2024 · €18,311
Cash flow
-€22,470▼
2024 · €14,285
Current ratio
4.84▼
2024 · 7.23
Quick ratio
3.59▼
2024 · 6.26
Debt to equity
1.98▲
2024 · 1.47
ROE
-20.5%▼
2024 · 2.2%
ROA
-6.9%▼
2024 · 0.9%
Interest coverage
-5.88▼
2024 · 4.29
Debt ≤ 1 year
€91,788▲
2024 · €60,402
Debt > 1 year
€216,566▼
2024 · €216,843
Staff costs
€43,516▲
2024 · €41,884
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,916 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,188 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €15,844 | €35,787 | €37,615 | €41,884 | €43,516 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,407 | €23,741 | €19,621 | €10,182 | €9,616 | ▼ 5.6% |
| Other operating charges640/8 | €5,063 | €6,248 | €11,776 | €6,795 | €7,071 | ▲ 4.1% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €163,097 | €245,554 | €74,925 | €66,990 | €31,381 | ▼ 53.2% |
| Operating profit (loss)9901 | €118,783 | €179,778 | €5,912 | €8,129 | -€28,822 | ▼ 455% |
| Financial income75/76B | €1,395 | €594 | €11 | €239 | €1 | ▼ 99.5% |
| Recurring financial income75 | €1,395 | €594 | €11 | €239 | €1 | ▼ 99.5% |
| Financial charges65/66B | €14,712 | €4,684 | €3,808 | €4,266 | €3,265 | ▼ 23.5% |
| Recurring financial charges65 | €3,556 | €4,684 | €3,808 | €4,266 | €3,265 | ▼ 23.5% |
| Non-recurring financial charges66B | €11,155 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €105,466 | €175,688 | €2,115 | €4,103 | -€32,086 | ▼ 882% |
| Profit (loss) for the period9904 | €105,466 | €175,688 | €2,115 | €4,103 | -€32,086 | ▼ 882% |
| Profit (loss) for the period to be appropriated9905 | €105,466 | €175,688 | €2,115 | €4,103 | -€32,086 | ▼ 882% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €458,332 | €627,790 | €476,455 | €465,568 | €464,847 | ▼ 0.2% |
| Fixed assets21/28 | €44,896 | €41,777 | €28,552 | €28,994 | €20,527 | ▼ 29.2% |
| Intangible fixed assets21 | €8,188 | €3,370 | €886 | €2,772 | €2,052 | ▼ 26.0% |
| Tangible fixed assets22/27 | €36,708 | €38,007 | €27,666 | €26,088 | €17,941 | ▼ 31.2% |
| Plant, machinery and equipment23 | €13,280 | €11,332 | €7,109 | €5,738 | €3,738 | ▼ 34.9% |
| Furniture and vehicles24 | €14,039 | €18,686 | €8,939 | €8,957 | €5,648 | ▼ 36.9% |
| Other tangible fixed assets26 | €9,389 | €7,989 | €11,618 | €11,393 | €8,555 | ▼ 24.9% |
| Financial fixed assets28 | - | €400 | €0 | €135 | €535 | ▲ 296% |
| Current assets29/58 | €413,436 | €586,013 | €447,903 | €436,574 | €444,320 | ▲ 1.8% |
| Stocks and contracts in progress3 | €130,335 | €267,905 | €162,003 | €58,584 | €114,702 | ▲ 95.8% |
| Stocks30/36 | €130,335 | €267,905 | €162,003 | €58,584 | €114,702 | ▲ 95.8% |
| Amounts receivable within one year40/41 | €107,080 | €98,263 | €90,754 | €103,731 | €128,456 | ▲ 23.8% |
| Trade receivables40 | €106,419 | €95,363 | €66,662 | €80,312 | €104,974 | ▲ 30.7% |
| Other amounts receivable41 | €661 | €2,900 | €24,093 | €23,420 | €23,482 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €173,220 | €211,457 | €190,971 | €269,452 | €194,647 | ▼ 27.8% |
| Deferred charges and accrued income490/1 | €2,801 | €8,388 | €4,175 | €4,806 | €6,515 | ▲ 35.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €458,332 | €627,790 | €476,455 | €465,568 | €464,847 | ▼ 0.2% |
| Equity10/15 | €6,417 | €182,105 | €184,220 | €188,323 | €156,237 | ▼ 17.0% |
| Contributions10/11 | €299,832 | €299,832 | €299,832 | €299,832 | €299,832 | = |
| Profit (loss) carried forward14 | -€293,415 | -€117,727 | -€115,612 | -€111,509 | -€143,595 | ▼ 28.8% |
| Amounts payable17/49 | €451,915 | €445,685 | €292,234 | €277,245 | €308,610 | ▲ 11.3% |
| Amounts payable after more than one year17 | €242,697 | €242,697 | €224,697 | €216,843 | €216,566 | ▼ 0.1% |
| Financial debts170/4 | €242,697 | €242,697 | €224,697 | €216,843 | €216,566 | ▼ 0.1% |
| Amounts payable within one year42/48 | €209,218 | €202,988 | €67,538 | €60,402 | €91,788 | ▲ 52.0% |
| Financial debts43 | €125,518 | €125,000 | €726 | €1,640 | €0 | ▼ 100% |
| Credit institutions430/8 | €125,000 | €125,000 | €726 | €1,640 | €0 | ▼ 100% |
| Other loans439 | €518 | - | - | - | - | - |
| Trade debts44 | €55,917 | €45,741 | €49,030 | €39,364 | €71,342 | ▲ 81.2% |
| Suppliers440/4 | €55,917 | €45,741 | €49,030 | €39,364 | €71,342 | ▲ 81.2% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €27,539 | €22,013 | €17,782 | €19,398 | €20,447 | ▲ 5.4% |
| Taxes450/3 | €22,795 | €11,335 | €6,109 | €7,552 | €8,227 | ▲ 8.9% |
| Remuneration and social security454/9 | €4,744 | €10,678 | €11,674 | €11,846 | €12,220 | ▲ 3.2% |
| Other amounts payable47/48 | €244 | €10,234 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €256 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,466 | €175,688 | €2,115 | €4,103 | -€32,086 | ▼ 882% |
| + Depreciation and write-downs630 | €23,407 | €23,741 | €19,621 | €10,182 | €9,616 | ▼ 5.6% |
| Operating cash flow (approximation) | €128,873 | €199,430 | €21,736 | €14,285 | -€22,470 | ▼ 257% |
| Investment in fixed assets (approximation) | - | -€20,623 | -€6,396 | -€10,625 | -€1,149 | ▲ 89.2% |
| Change in cash | - | €38,237 | -€20,486 | €78,481 | -€74,805 | ▼ 195% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€32,086
Net result drops to -€32,086, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.63
Current ratio from 2.89 to 6.63; short-term debt falls from €202,988 to €67,538.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €175,688 ▲66.6%
Operating result €179,778, net result €175,688, both a record.
31-12
Financial
Equity above €150,000Eq €182,105 ▲2,738%
3 profitable years in a row build equity to €182,105.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €8,853
Net result €8,853 after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
Show earlier events
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Puurs-Sint-Amands · 1 establishment unit since 2013
Ground area
6,494 m²
Building footprint
3,180 m²
Volume, LiDAR
14,513 m³
Parcel 12030D0108/00L000, Flanders · tallest building 20.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PELLETFACTORY
since 20132.218.237.075
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12030D0108/00L000 | Flanders | 6,494 m² | 1 · 3,180 m² | 20.6 m · 2 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
2024 to 2025 · 2 entries · 281 EUR awarded · 226 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 225 EUR | 170 EUR |
| 2024 | 1 | 56 EUR | 56 EUR |
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Of 663 companies in sector 16110 we hold annual accounts for 320. 204 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
Founded22-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
47529Retail trade
46130Agents in the wholesale of timber and building materials
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0518874477
Also
9925:BE0518874477
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.