Turnover
The micro format states no turnover.
The micro format states no turnover.
Less equity than 80% of companies in construction of buildings. Sector median €45,395 · 9,844 companies.
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).
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).
In July 2024, 7,976 companies had the same profile as PELS CONSTRUCT has now. Each dot stands for 20 companies, two years later.
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.
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.
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
| 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.
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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €52,000 and €180,000.
Higher than 31% of 9,833 companies in 2024.
Higher than 32% of 9,553 companies in 2024.
Higher than 72% of 9,646 companies in 2024.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2024 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
32,715 | |
21/28 |
2,905 | |
21 |
683 | |
22/27 |
2,222 | |
24 |
2,222 | |
29/58 |
29,810 | |
3 |
25,000 | |
30/36 |
25,000 | |
40/41 |
2,830 | |
41 |
2,830 | |
54/58 |
1,980 | |
| Balance sheet: equity and liabilities | ||
10/49 |
32,715 | |
10/15 |
7,804 | |
10/11 |
2,000 | |
10 |
2,000 | |
100 |
2,000 | |
14 |
5,804 | |
17/49 |
24,911 | |
42/48 |
24,911 | |
44 |
2,127 | |
440/4 |
2,127 | |
47/48 |
22,784 | |
| Income statement | ||
9900 |
8,400 | |
630 |
1,878 | |
640/8 |
655 | |
9901 |
5,867 | |
65/66B |
63 | |
65 |
63 | |
9903 |
5,804 | |
9904 |
5,804 | |
9905 |
5,804 | |
| Appropriation of the result | ||
9906 |
5,804 | |
| Document | ||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 27-05-2026.
2024 annual accounts filed 300 days after the deadline. Filed on 27 May 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00122426.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 27-05-2026 | 2026-00122426 |
| Line | Trend | 2024 |
|---|---|---|
| 7,745 | ||
| 7,682 | ||
| 4,783 | ||
| 4,899 | ||
| 23.9% | ||
| 1.20 | ||
| 0.19 | ||
| 3.19 | ||
| 74.4% | ||
| 17.7% | ||
| over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2024 |
|---|---|
| Tangible fixed assets | €3,800 |
| Intangible fixed assets | €983 |
| €1,878 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
Debt's share of the balance-sheet total is 76.1%.
PELS CONSTRUCT has no parent and no holdings in its annual accounts. BALON Paul Olivier is the only director. PELS CONSTRUCT shares no director with another company.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kwalestraat 150 registered office 9320 Aalst | 23-06-2023 | 2.345.623.316 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41047A0499/00K000 | 1,439 m² | 1 · 73 m² | 13.9 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.045.290
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