Turnover
≈ €100,000 estimated
The micro format states no turnover.
PELS CONSTRUCT
Lifetime
1 annual account with figurespeak €8,400 (2024)
€8,400
peak €5,804 (2024)
€5,804
peak €7,804 (2024)
€7,804
€24,911
Board1 name since 2023
1 directorBALON Paul Olivier
Documentsfilings and deeds
27-05-2026300 days late
2024micro format
First year with figures
Key points
from the 2024 annual accountsDebts
€24,911 76% of the balance sheet
Position in the sector
€7,804
Less equity than 80% of companies in construction of buildings. Sector median €45,395 · 9,844 companies.
2024 accounts filed 300 days after the deadline
Checked score
32
Weak
Financially stronger than 40% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
9.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.6%lowest value
01-2025: 5.0%▲ +0.4 percentage points vs 12-2024
02-2025: 4.8%▼ -0.2 percentage points vs 01-2025
03-2025: 4.8%● unchanged vs 02-2025
04-2025: 5.1%▲ +0.3 percentage points vs 03-2025
05-2025: 5.3%▲ +0.2 percentage points vs 04-2025
06-2025: 5.3%● unchanged vs 05-2025
07-2025: 5.3%● unchanged vs 06-2025
08-2025: 5.3%● unchanged vs 07-2025
09-2025: 5.3%● unchanged vs 08-2025
10-2025: 5.3%● unchanged vs 09-2025
11-2025: 5.3%● unchanged vs 10-2025
12-2025: 8.5%▲ +3.2 percentage points vs 11-2025
01-2026: 8.4%▼ -0.1 percentage points vs 12-2025
02-2026: 8.4%● unchanged vs 01-2026
03-2026: 8.4%● unchanged vs 02-2026
04-2026: 8.4%● unchanged vs 03-2026
05-2026: 8.4%● unchanged vs 04-2026
06-2026: 9.9%▲ +1.5 percentage points vs 05-2026
07-2026: 9.8%▼ -0.1 percentage points vs 06-2026
08-2026: 9.9%▲ +0.1 percentage points vs 07-2026
09-2026: 10.0%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 9.7%▼ -0.3 percentage points vs 09-2026
11-2026: 9.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 300 days late; 1 of the last 3 accounts late
Founded in 2023
Size: total assets €32,715
Sector: Construction of residential and non-residential buildings (NACE 41)
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 41, micro). It does better than 31% of them on solvency, 14% on liquidity and 76% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as PELS CONSTRUCT has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PELS CONSTRUCT itself is higher: 9.7% within 12 months. It rests on far more data about PELS CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,447 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 PELS CONSTRUCT. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is tight, with a current ratio of 1.2, below the usual 1.5. Short-term debt is 76.1% and cash 6.1% of total assets. 76.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2024 accounts filed 300 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-05-2026, 300 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filingDeviation from the deadline
2024
300 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its 2024 accounts 300 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- BALON Paul Olivier 50 sharesdeed of 26-05-2023
- LAMPAERT Emmanuela Claudine 50 sharesdeed of 26-05-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802045290
First establishment
Kwalestraat 150, Aalst
Incorporation
Founding capital of €2,000, 100 shares · Founders: BALON Paul Olivier and LAMPAERT Emmanuela Claudine · Appointment: BALON Paul Olivier (director) · published on 26-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PELS CONSTRUCT Aalst | €32,715 | €8,400 | 23.9% | - |
| CODESC Merelbeke-Melle | €32,615 | €6,960 | 44.5% | - |
| Valen Solutions Deinze | €30,146 | €7,117 | 82.8% | - |
| Fenix Bouwonderneming Lier | €32,260 | €7,801 | 22.7% | - |
| OLROYT Liège | €30,841 | €9,092 | 59.4% | - |
| GDM Construct Zaventem | €33,238 | €7,245 | 35.0% | - |
| KDANI Meise | €37,554 | €8,601 | 61.5% | - |
These companies have the same main activity as PELS CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €30,100 and €37,600, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 24-05-2023Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.345.623.3169320 Aalst, since 23-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 27-01-2026
Insights on PELS CONSTRUCT
The computed 12-month bankruptcy probability of PELS CONSTRUCT is 9.7% (elevated). The 2024 annual accounts show equity of €7,804 and a net result of €5,804.
Its solvency ranks better than 31% of 9,833 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PELS CONSTRUCT
- What is the company number of PELS CONSTRUCT?
- The company number of PELS CONSTRUCT is 0802.045.290. The VAT number is the same number with BE in front: BE 0802.045.290.
- Where is PELS CONSTRUCT based?
- The registered office is at Kwalestraat 150, 9320 Aalst.Company details
- What does PELS CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of PELS CONSTRUCT?
- PELS CONSTRUCT is a private limited company (BV).
- When was PELS CONSTRUCT founded?
- PELS CONSTRUCT was founded on 24-05-2023.
- Is PELS CONSTRUCT still active?
- Yes, PELS CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of PELS CONSTRUCT?
- The turnover in financial year 2024 is ≈ €100,000. This figure is estimated from the gross margin of €8,400 and 263 comparable companies (NACE 41001). It probably lies between €52,000 and €180,000. It is a rough estimate.Financials
- Is PELS CONSTRUCT profitable?
- In financial year 2024, PELS CONSTRUCT made a profit of €5,804.
- Where can I find the annual accounts of PELS CONSTRUCT?
- PELS CONSTRUCT filed 1 annual account with the National Bank of Belgium, for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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