Pellicle
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
Pellicle has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,394 and a net result of €12,394. Its solvency ranks better than 46% of 378 sector peers (NACE 11, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Official details
KBO- Status
- Active since 10-07-2024 Normal situation
- Legal form
- Private limited company
- Registered office
- Koning Albertstraat 165, 8210 Zedelgem
- Activity
- Manufacture of beverages NACE 11030and 2 others
- Establishment unit
- 2.361.851.812 8210 Zedelgem, since 10-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 23-10-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €57,203
- Turnover
- ≈ €170,000
- estimated
- Profit
- €12,394
- Equity
- €17,394
- Total assets
- €159,002
Score breakdownraises riskFounded in 2024Liquidity: current ratio 0.49, cash €3,685Equity €17,394 (10.9% of total assets)lowers riskSector: Manufacture of beverages (NACE 11)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 11, micro). It does better than 44% of them on solvency, 45% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Searched, nothing found (1)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 31-07-2026
- Format
- micro format
- Reference
- 2026-00366019
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Companies with the same profile, two years later
Historical observationIn July 2024, 7,976 companies had the same profile as Pellicle has now. Two years later, 3.6% had gone bankrupt and 94.3% were still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Pellicle itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for Pellicle. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,462 |
| Other operating charges640/8 | €23,115 |
| Gross operating margin9900 | €57,203 |
| Operating profit (loss)9901 | €23,625 |
| Financial income75/76B | €36 |
| Recurring financial income75 | €36 |
| Financial charges65/66B | €3,682 |
| Recurring financial charges65 | €3,682 |
| Profit (loss) for the period before taxes9903 | €19,980 |
| Income taxes67/77 | €7,585 |
| Profit (loss) for the period9904 | €12,394 |
| Profit (loss) for the period to be appropriated9905 | €12,394 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €159,002 | |
| Fixed assets21/28 | €134,894 | |
| Tangible fixed assets22/27 | €133,294 | |
| Land and buildings22 | €97,000 | |
| Plant, machinery and equipment23 | €9,403 | |
| Furniture and vehicles24 | €26,892 | |
| Financial fixed assets28 | €1,600 | |
| Current assets29/58 | €24,108 | |
| Stocks and contracts in progress3 | €14,623 | |
| Stocks30/36 | €14,623 | |
| Amounts receivable within one year40/41 | €5,799 | |
| Trade receivables40 | €5,799 | |
| Cash at bank and in hand54/58 | €3,685 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €159,002 | |
| Equity10/15 | €17,394 | |
| Contributions10/11 | €5,000 | |
| Reserves13 | €12,394 | |
| Distributable reserves133 | €12,394 | |
| Amounts payable17/49 | €141,607 | |
| Amounts payable after more than one year17 | €92,107 | |
| Financial debts170/4 | €92,107 | |
| Amounts payable within one year42/48 | €49,501 | |
| Current portion of amounts payable after more than one year42 | €14,122 | |
| Trade debts44 | €17 | |
| Suppliers440/4 | €17 | |
| Taxes, remuneration and social security45 | €11,317 | |
| Taxes450/3 | €11,317 | |
| Other amounts payable47/48 | €24,044 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €12,394 |
| + Depreciation and write-downs630 | €10,462 |
| Operating cash flow (approximation) | €22,856 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00366019 | NBB |
Comparable companies
These companies have the same main activity as Pellicle: manufacture of beverages (NACE 11030). They are comparable in size and age: total assets between €23,600 and €1.3m, founded between 2016 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| Pellicle Zedelgem | 2024 | €0.2m | €0.02m | €0.06m | - | €0.01m | - | 2025 |
| GAVA FRUITS Koksijde | 2021 | €0.2m | -€0.1m | -€0.01m | - | -€0.04m | - | 2025 |
| Most Leuven | 2022 | €0.02m | €0.01m | €0.009m | €0.02m | €0.009m | - | 2025 |
| DGW-Consulting Lievegem | 2017 | €0.3m | €0.07m | €0.09m | - | €0.02m | - | 2025 |
| Cuvées de la Virée srl Bertrix | 2023 | €0.03m | -€0.003m | -€0.003m | - | -€0.01m | - | 2025 |
| ATELIER CONSTANT BERGER Herve | 2019 | €1.3m | €0.7m | €0.2m | - | €0.02m | 2 | 2025 |
| IMDENHOF Meise | 2016 | €0.04m | -€0.06m | €0.005m | - | -€0.005m | - | 2025 |
They were chosen from the 15 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DUPONT Matthieu |
|
The board according to the articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, algemene vergadering bepaalt…”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen”
Articles of association, deed of 12-07-2024 (in Dutch)
Owners and capital
Capital transactions
- DUPONT Matthieu 100 shares (100%) · €5,000
- 12-07-2024 Incorporation · €5,000 · 100 shares
Shares according to the articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “100, gelijk recht in winstverdeling”
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Bevoegdheden bestuursorgaan,vertegenwoordiging,belangenconflict,dagelijks bestuur, alleen bijzondere en beperkte volmachten voor bepaalde of…”“Bevoegdheid gewone en bijzondere algemene vergadering, benoeming en ontslag bestuurder(s) en…”“Bijeenroeping,stemrecht,besluitvorming,toegang,vennootschapsvordering, tijdens vergadering notulen”“Bestemming van de winst – reserves, algemene vergadering”“Uitkeringen aan aandeelhouders en tantièmes, bestuursorgaan”Liquidation distribution: “Goederen in natura opzelfde wijze verdeeld, netto actief onder alle aandeelhouders naar verhouding aantal aandelen”1 more provision in the deed, see the deed of 12-07-2024
Articles of association, deed of 12-07-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of Pellicle. Every other company they run is a node.
History
Acts, filings and financial milestones
12-07
Gazette deed
IncorporationAppointment: DUPONT Matthieu (director) · Registered office clause · Founder8 points ▸
- Incorporation, 10-07-2024
- Registered office clause, “Koning Albertstraat 165 bus C,8210 Zedelgem (Veldegem)” (deed in Dutch)
- Founder, DUPONT Matthieu
- Founding capital, €5,000
- Director appointment, DUPONT Matthieu (director (not named in the articles))
- Pre-incorporation commitments, “artikel 2:2 Wetboek van vennootschappen en verenigingen, verbintenissen in tussenperiode onderworpen aan artikel 2:2,bekrachtiging eens rechtspersoonlijkheid ve…” (deed in Dutch)
- Other provision, “Verklaring van eenhoofdigheid, artikel 2:8,§4 WVV” (deed in Dutch)
- Other provision, “alle aandelen in één hand verenigd, eenhoofdigheid-neerlegging” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20259 activities
- Het vervaardiging van wijn uit verse druiven zoals tafelwijn,landwijn,kwaliteitswijn,schuimwijn,champagne,enzovoort
- Het vervaardiging van cider,perenwijn en andere vruchtenwijn
- Het vervaardiging van gearomatiseerde wijnen (vermout)
- Het vervaardiging van bier
- Het vervaardiging van andere niet-gedistilleerde gegiste dranken
- De groothandel in alcoholische en andere dranken
- De vervaardiging van tafelazijn
- De detailhandel in wijnen en geestrijke dranken in gespecialiseerde winkels
- De detailhandel in dranken in gespecialiseerde winkels,algemeen assortiment
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31036F0305/00Z000 | Flanders | 400 m² | 1 · 106 m² | 9.4 m · 2 |