Pelusa
ActiveSummary
Pelusa has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122,916 and a net result of €11,959. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-14
Solvency100▲+9
Growth52=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 4.24 against 2.73 in 2024; short-term debt: 20.5% and cash: 69.8% of total assets), and 21.8% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.2%
Return on assets
7.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
59 d late
2023
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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. Usually files around 31 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€122,916▲ 10.8%
2024 · €110,957
Total assets
€157,196▼ 7.0%
2024 · €169,100
Net result
€11,959▼ 62.6%
2024 · €32,009
Working capital
€104,785▲ 4.1%
2024 · €100,675
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€109,570-€48,355▼ 55.9%€21,139▼ 56.3%
Net result€73,948above the sector's middle half-€32,009within the sector's middle half▼ 56.7%€11,959within the sector's middle half▼ 62.6%
Equity€78,948within the sector's middle half-€110,957within the sector's middle half▲ 40.5%€122,916within the sector's middle half▲ 10.8%
Total assets€127,829within the sector's middle half-€169,100within the sector's middle half▲ 32.3%€157,196within the sector's middle half▼ 7.0%
Debt€48,880-€58,143▲ 18.9%€34,280▼ 41.0%
Working capital€73,489within the sector's middle half-€100,675within the sector's middle half▲ 37.0%€104,785within the sector's middle half▲ 4.1%
Solvency61.8%within the sector's middle half-65.6%within the sector's middle half▲ 3.9pp78.2%within the sector's middle half▲ 12.6pp
Current ratio2.60within the sector's middle half-2.73within the sector's middle half▲ 0.134.24within the sector's middle half▲ 1.51
Return on assets (ROA)57.8%above the sector's middle half-18.9%within the sector's middle half▼ 38.9pp7.6%within the sector's middle half▼ 11.3pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157,196
Fixed assets
€20,110 ▲ 95.6%
Current assets
€137,086 ▼ 13.7%
Equity and liabilities €157,196
Equity
€122,916 ▲ 10.8%
Debt
€34,280 ▼ 41.0%
Debt's share of the balance-sheet total falls from 34.4% to 21.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,612▼
2024 · €51,780
Cash flow
€17,432▼
2024 · €35,434
Debt to equity
0.28▼
2024 · 0.52
ROE
9.7%▼
2024 · 28.8%
Interest coverage
12.06▼
2024 · 31.04
Debt ≤ 1 year
€32,301▼
2024 · €58,143
Income taxes
€9,664▼
2024 · €15,127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 39,278 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,294 | €3,425 | €5,473 | ▲ 59.8% |
| Other operating charges640/8 | €1,517 | €903 | €1,204 | ▲ 33.4% |
| Gross operating margin9900 | €113,381 | €52,682 | €27,815 | ▼ 47.2% |
| Operating profit (loss)9901 | €109,570 | €48,355 | €21,139 | ▼ 56.3% |
| Financial income75/76B | €254 | €449 | €2,691 | ▲ 499% |
| Recurring financial income75 | €254 | €449 | €2,691 | ▲ 499% |
| Financial charges65/66B | €2,306 | €1,668 | €2,207 | ▲ 32.3% |
| Recurring financial charges65 | €2,306 | €1,668 | €2,207 | ▲ 32.3% |
| Profit (loss) for the period before taxes9903 | €107,517 | €47,136 | €21,623 | ▼ 54.1% |
| Income taxes67/77 | €33,569 | €15,127 | €9,664 | ▼ 36.1% |
| Profit (loss) for the period9904 | €73,948 | €32,009 | €11,959 | ▼ 62.6% |
| Profit (loss) for the period to be appropriated9905 | €73,948 | €32,009 | €11,959 | ▼ 62.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €127,829 | €169,100 | €157,196 | ▼ 7.0% |
| Fixed assets21/28 | €8,316 | €10,282 | €20,110 | ▲ 95.6% |
| Tangible fixed assets22/27 | €8,316 | €10,282 | €20,110 | ▲ 95.6% |
| Plant, machinery and equipment23 | €838 | €597 | €356 | ▼ 40.4% |
| Furniture and vehicles24 | €7,478 | €9,686 | €14,550 | ▲ 50.2% |
| Other tangible fixed assets26 | - | - | €5,205 | - |
| Current assets29/58 | €119,513 | €158,818 | €137,086 | ▼ 13.7% |
| Amounts receivable within one year40/41 | €22,448 | €19,371 | €25,455 | ▲ 31.4% |
| Trade receivables40 | €18,150 | €18,150 | €18,150 | = |
| Other amounts receivable41 | €4,298 | €1,221 | €7,305 | ▲ 498% |
| Current investments50/53 | - | €76,000 | €1,000 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €96,758 | €63,241 | €109,711 | ▲ 73.5% |
| Deferred charges and accrued income490/1 | €307 | €206 | €920 | ▲ 346% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €127,829 | €169,100 | €157,196 | ▼ 7.0% |
| Equity10/15 | €78,948 | €110,957 | €122,916 | ▲ 10.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €73,000 | €104,000 | €115,500 | ▲ 11.1% |
| Distributable reserves133 | €73,000 | €104,000 | €115,500 | ▲ 11.1% |
| Profit (loss) carried forward14 | €948 | €1,957 | €2,416 | ▲ 23.4% |
| Amounts payable17/49 | €48,880 | €58,143 | €34,280 | ▼ 41.0% |
| Amounts payable within one year42/48 | €46,024 | €58,143 | €32,301 | ▼ 44.4% |
| Taxes, remuneration and social security45 | €45,646 | €58,102 | €32,301 | ▼ 44.4% |
| Taxes450/3 | €45,646 | €58,102 | €32,301 | ▼ 44.4% |
| Other amounts payable47/48 | €378 | €40 | - | - |
| Accrued charges and deferred income492/3 | €2,856 | - | €1,979 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,948 | €32,009 | €11,959 | ▼ 62.6% |
| + Depreciation and write-downs630 | €2,294 | €3,425 | €5,473 | ▲ 59.8% |
| Operating cash flow (approximation) | €76,242 | €35,434 | €17,432 | ▼ 50.8% |
| Investment in fixed assets (approximation) | - | -€5,392 | -€15,301 | ▼ 184% |
| Change in cash | - | -€33,518 | €46,470 | ▲ 239% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
08-06
State Gazette act
Appointment: Annelies Lammertyn (director)Declaration4 facts ▸
State Gazette act
Appointment: Annelies Lammertyn (director)
Declaration4 facts ▸
- General meeting, 22-04-2026
- Director appointment, Annelies Lammertyn (director)
- Declaration, acceptatie van de voorstelling en afwezigheid van tegenstemmend besluit, afzonderlijke van stemmen
- Director in office, Vandenbulcke Tom (director)
2025
31-12
Financial
Weakest financial yearnet €11,959 ▼62.6%
Net result drops to €11,959, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Equity above €100,000Eq €110,957 ▲40.5%
2 profitable years in a row build equity to €110,957.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Annelies Lammertyn
CurrentDirector · since 22-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 2022
Ground area
960 m²
Building footprint
104 m²
Volume, LiDAR
578 m³
Parcel 41057A0451/00V003, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pelusa
since 20222.329.528.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41057A0451/00V003 | Flanders | 960 m² | 1 · 104 m² | 7.8 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Annelies Lammertyn |
|
Articles of association
Who signs
Each director alone
Board rule
Alle handelingen te kunnen stellen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp van de vennootschap, deze die de wet of de statuten aan de…
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 13,405 companies in sector 73300 we hold annual accounts for 6,904. 5,541 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
Founded31-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62900Other information technology and computer services
62100Computer programming
63920Other information service activities
73120Media representation
82990Other business support services
Contact
E-mail
tom.vdbulcke@gmail.comNinove
Phone
+32476819516Ninove
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784251235
Also
9925:BE0784251235
Registered
07-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.