PEMACO
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2024 was due by 30-07-2025 and was filed on 30-05-2025, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d early
2023
216 d late
2022
1 d late
2021
72 d late
2020
32 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 26 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€970,978▼ 1.0%
2023 · €980,428
Total assets
€5.4m▲ 3.3%
2023 · €5.2m
Net result
€1,428▼ 92.2%
2023 · €18,339
Working capital
-€595,990▼ 58.3%
2023 · -€376,400
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
Line20202021202220232024
Operating result-€32,440-€169,930▼ 424%€175,552€102,171▼ 41.8%€90,760▼ 11.2%
Net result-€16,520-€165,948▼ 905%€146,243€18,339▼ 87.5%€1,428▼ 92.2%
Equity€976,305▼ 1.7%€800,498▼ 18.0%€946,742▲ 18.3%€980,428▲ 3.6%€970,978▼ 1.0%
Total assets€1.1m▼ 2.0%€3.9m▲ 254%€3.6m▼ 8.1%€5.2m▲ 45.9%€5.4m▲ 3.3%
Debt€11,788▼ 11.2%€3.0m▲ 25,275%€2.5m▼ 15.2%€4.2m▲ 64.3%€4.4m▲ 4.5%
Working capital€492,965▲ 3.9%-€2.1m€162,045-€376,400-€595,990▼ 58.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.4m
Fixed assets
€5.1m ▼ 0.9%
Current assets
€280,894 ▲ 392%
Equity and liabilities €5.4m
Equity
€970,978 ▼ 1.0%
Provisions
€79,672 ▼ 4.4%
Debt
€4.4m ▲ 4.5%
Debt's share of the balance-sheet total rises from 79.7% to 80.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€162,338▼
2023 · €174,203
Cash flow
€73,007▼
2023 · €90,371
Current ratio
0.32▲
2023 · 0.13
Debt to equity
4.48▲
2023 · 4.25
ROE
0.1%▼
2023 · 1.9%
ROA
0.0%▼
2023 · 0.4%
Interest coverage
1.47▼
2023 · 2.09
Debt ≤ 1 year
€876,884▲
2023 · €433,442
Debt > 1 year
€3.5m▼
2023 · €3.7m
Income taxes
€520▼
2023 · €3,917
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €57,329 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,057 | €264,304 | €74,490 | €72,032 | €71,578 | ▼ 0.6% |
| Other operating charges640/8 | - | €19,274 | €28,290 | €31,035 | €32,257 | ▲ 3.9% |
| Gross operating margin9900 | €29,827 | €113,648 | €278,332 | €205,237 | €194,596 | ▼ 5.2% |
| Operating profit (loss)9901 | -€32,440 | -€169,930 | €175,552 | €102,171 | €90,760 | ▼ 11.2% |
| Financial income75/76B | - | €12 | €0 | €0 | €7,084 | ▲ 3,541,940% |
| Recurring financial income75 | €11,500 | €12 | €0 | €0 | €7,084 | ▲ 3,541,940% |
| Financial charges65/66B | - | €10,865 | €37,346 | €83,540 | €110,400 | ▲ 32.2% |
| Recurring financial charges65 | €194 | €10,865 | €37,346 | €83,540 | €110,400 | ▲ 32.2% |
| Profit (loss) for the period before taxes9903 | -€21,134 | -€180,783 | €138,206 | €18,631 | -€12,556 | ▼ 167% |
| Transfer from deferred taxes780 | - | €14,836 | €8,037 | €3,626 | €14,504 | ▲ 300% |
| Income taxes67/77 | - | - | - | €3,917 | €520 | ▼ 86.7% |
| Profit (loss) for the period9904 | -€16,520 | -€165,948 | €146,243 | €18,339 | €1,428 | ▼ 92.2% |
| Transfer from tax-exempt reserves789 | - | - | €10,434 | €10,878 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€7,525 | -€165,948 | €156,677 | €29,217 | €1,428 | ▼ 95.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €3.9m | €3.6m | €5.2m | €5.4m | ▲ 3.3% |
| Fixed assets21/28 | €607,323 | €3.3m | €3.3m | €5.2m | €5.1m | ▼ 0.9% |
| Tangible fixed assets22/27 | €607,261 | €2.3m | €2.2m | €2.1m | €2.1m | ▼ 3.4% |
| Land and buildings22 | - | €2.3m | €2.2m | €2.1m | €2.1m | ▼ 3.1% |
| Other tangible fixed assets26 | - | €20,498 | €11,881 | €5,721 | €15 | ▼ 99.7% |
| Financial fixed assets28 | €62 | €1.1m | €1.1m | €3.0m | €3.1m | ▲ 0.7% |
| Current assets29/58 | €496,055 | €572,970 | €329,564 | €57,042 | €280,894 | ▲ 392% |
| Amounts receivable within one year40/41 | - | €447,617 | €307,004 | €49,471 | €276,610 | ▲ 459% |
| Trade receivables40 | - | €181 | €738 | €205 | €5,702 | ▲ 2,682% |
| Other amounts receivable41 | - | €447,436 | €306,266 | €49,266 | €270,908 | ▲ 450% |
| Cash at bank and in hand54/58 | €494,507 | €125,348 | €22,560 | €7,571 | €4,284 | ▼ 43.4% |
| Deferred charges and accrued income490/1 | - | €5 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €3.9m | €3.6m | €5.2m | €5.4m | ▲ 3.3% |
| Equity10/15 | €976,305 | €800,498 | €946,742 | €980,428 | €970,978 | ▼ 1.0% |
| Contributions10/11 | €330,684 | €330,684 | €330,684 | €330,684 | €330,684 | = |
| Capital10 | - | €330,684 | €330,684 | €330,684 | €330,684 | = |
| Issued capital100 | - | €330,684 | €330,684 | €330,684 | €330,684 | = |
| Reserves13 | €645,621 | €469,814 | €616,057 | €649,743 | €640,294 | ▼ 1.5% |
| Non-distributable reserves130/1 | - | €30,820 | €30,820 | €30,820 | €30,820 | = |
| Legal reserve130 | - | €30,820 | €30,820 | €30,820 | €30,820 | = |
| Tax-exempt reserves132 | - | €255,858 | €245,424 | €249,894 | €239,016 | ▼ 4.4% |
| Distributable reserves133 | - | €183,136 | €339,813 | €369,030 | €370,458 | ▲ 0.4% |
| Provisions and deferred taxes16 | €115,284 | €110,308 | €102,271 | €83,298 | €79,672 | ▼ 4.4% |
| Deferred taxes168 | - | €110,308 | €102,271 | €83,298 | €79,672 | ▼ 4.4% |
| Amounts payable17/49 | €11,788 | €3.0m | €2.5m | €4.2m | €4.4m | ▲ 4.5% |
| Amounts payable after more than one year17 | €8,698 | €16,138 | €2.4m | €3.7m | €3.5m | ▼ 6.9% |
| Financial debts170/4 | - | - | €2.3m | €3.7m | €3.4m | ▼ 7.6% |
| Other amounts payable178/9 | - | €16,138 | €46,513 | €46,513 | €69,124 | ▲ 48.6% |
| Amounts payable within one year42/48 | €3,090 | €2.7m | €167,519 | €433,442 | €876,884 | ▲ 102% |
| Current portion of amounts payable after more than one year42 | - | €2.6m | €161,136 | €277,167 | €279,553 | ▲ 0.9% |
| Trade debts44 | €20 | €10,480 | €0 | €16,370 | €6,377 | ▼ 61.0% |
| Suppliers440/4 | - | €10,480 | €0 | €16,370 | €6,377 | ▼ 61.0% |
| Taxes, remuneration and social security45 | - | - | €313 | €4,717 | €520 | ▼ 89.0% |
| Taxes450/3 | - | - | €313 | €4,717 | €520 | ▼ 89.0% |
| Other amounts payable47/48 | - | - | €6,070 | €135,188 | €590,434 | ▲ 337% |
| Accrued charges and deferred income492/3 | - | €321,240 | €0 | - | €1,460 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,520 | -€165,948 | €146,243 | €18,339 | €1,428 | ▼ 92.2% |
| + Depreciation and write-downs630 | €42,057 | €264,304 | €74,490 | €72,032 | €71,578 | ▼ 0.6% |
| Operating cash flow (approximation) | €25,537 | €98,357 | €220,734 | €90,371 | €73,007 | ▼ 19.2% |
| Investment in fixed assets (approximation) | - | -€3.0m | -€5 | -€2.0m | -€22,611 | ▲ 98.9% |
| Change in cash | - | -€369,159 | -€102,788 | -€14,990 | -€3,287 | ▲ 78.1% |
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
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
03-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 216 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
30-12
Financial
Back to profitnet €146,243
Net result €146,243 after 2 loss-making years.
30-12
Financial
Liquidity times 9current ratio 1.97
Current ratio from 0.22 to 1.97; short-term debt falls from €2.7m to €167,519.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 72 days late
2021
30-12
Financial
Weakest financial yearnet -€165,948
Net result drops to -€165,948, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-12
Financial
Back to profitnet €112,448
Net result €112,448 after one loss-making year.
30-12
Financial
Liquidity times 5current ratio 154.70
Current ratio from 32.41 to 154.70; short-term debt falls from €6,633 to €3,088.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
2 owners · 2 holdings · 3 subsidiaries in the treeOwners 2
- Sourceaccounts BINOT 202450%
-
50%
Holdings 2
-
100%
-
100%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Place4B 100%
SODECA 100%1 subsidiary
- KREKEL IMMO 100%
According to the annual accounts to 30-12-2024 of PEMACO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.