PEMO-projects
ActiveSummary
PEMO-projects has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22,623 and a net result of €448. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▼-14
Solvency38▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.95 in 2023; short-term debt: 66.8% of total assets), and 86.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.3%
Return on assets
0.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 36386 sector peers (2024).
NBB · sector comparisonPosition among 36386 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
96 d late
2022
75 d late
2021
117 d late
2020
120 d late
2019
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 90 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€22,623▲ 2.0%
2023 · €22,175
Total assets
€169,690▼ 13.4%
2023 · €195,963
Net result
€448▼ 15.7%
2023 · €532
Working capital
€3,258
2023 · -€6,207
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€4,140€7,501€28,922▲ 286%€12,504▼ 56.8%€22,690▲ 81.5%
Net result-€13,077below the sector's middle half▼ 103%€1,373within the sector's middle half€25,325within the sector's middle half▲ 1,744%€532within the sector's middle half▼ 97.9%€448within the sector's middle half▼ 15.7%
Equity€945below the sector's middle half▼ 41.7%€2,318below the sector's middle half▲ 145%€21,643within the sector's middle half▲ 834%€22,175within the sector's middle half▲ 2.5%€22,623within the sector's middle half▲ 2.0%
Total assets€110,654within the sector's middle half▼ 12.1%€106,659within the sector's middle half▼ 3.6%€165,471within the sector's middle half▲ 55.1%€195,963within the sector's middle half▲ 18.4%€169,690within the sector's middle half▼ 13.4%
Debt€109,710▼ 11.7%€104,341▼ 4.9%€143,829▲ 37.8%€173,788▲ 20.8%€147,067▼ 15.4%
Working capital€1,235below the sector's middle half€8,163within the sector's middle half▲ 561%€23,327within the sector's middle half▲ 186%-€6,207below the sector's middle half€3,258below the sector's middle half
Solvency0.9%below the sector's middle half▼ 0.4pp2.2%below the sector's middle half▲ 1.3pp13.1%below the sector's middle half▲ 10.9pp11.3%below the sector's middle half▼ 1.8pp13.3%below the sector's middle half▲ 2.0pp
Current ratio1.01below the sector's middle half▲ 0.121.09below the sector's middle half▲ 0.071.17within the sector's middle half▲ 0.080.95below the sector's middle half▼ 0.221.03below the sector's middle half▲ 0.08
Return on assets (ROA)-11.8%below the sector's middle half▼ 6.7pp1.3%within the sector's middle half▲ 13.1pp15.3%within the sector's middle half▲ 14.0pp0.3%below the sector's middle half▼ 15.0pp0.3%within the sector's middle half=
Staff (FTE)121.6▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 81% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €169,690
Fixed assets
€53,161 ▼ 26.6%
Current assets
€116,529 ▼ 5.6%
Equity and liabilities €169,690
Equity
€22,623 ▲ 2.0%
Debt
€147,067 ▼ 15.4%
Debt's share of the balance-sheet total falls from 88.7% to 86.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,787▲
2023 · €18,427
Cash flow
€17,546▲
2023 · €6,455
Quick ratio
0.46▼
2023 · 0.50
Debt to equity
6.50▼
2023 · 7.84
ROE
2.0%▼
2023 · 2.4%
Interest coverage
4.14▼
2023 · 5.89
Debt ≤ 1 year
€113,271▼
2023 · €129,712
Debt > 1 year
€33,796▼
2023 · €44,076
Income taxes
€12,973▲
2023 · €8,888
Staff costs
€24,387▲
2023 · €16,245
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,504 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,244 | - |
| Remuneration, social security and pensions62 | - | €4,960 | €11,201 | €16,245 | €24,387 | ▲ 50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,512 | €10,005 | €1,140 | €5,923 | €17,097 | ▲ 189% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €28,327 | - | - |
| Other operating charges640/8 | - | €3,989 | €4,735 | €3,256 | €5,150 | ▲ 58.2% |
| Gross operating margin9900 | €26,803 | €26,454 | €45,998 | €66,254 | €69,324 | ▲ 4.6% |
| Operating profit (loss)9901 | -€4,140 | €7,501 | €28,922 | €12,504 | €22,690 | ▲ 81.5% |
| Financial income75/76B | - | €50 | €46 | €44 | €339 | ▲ 667% |
| Recurring financial income75 | €44 | €50 | €46 | €44 | €339 | ▲ 667% |
| Financial charges65/66B | - | €5,499 | €4,423 | €3,128 | €9,608 | ▲ 207% |
| Recurring financial charges65 | €5,512 | €5,499 | €4,423 | €3,128 | €9,608 | ▲ 207% |
| Profit (loss) for the period before taxes9903 | -€9,608 | €2,052 | €24,545 | €9,420 | €13,421 | ▲ 42.5% |
| Income taxes67/77 | €3,469 | €679 | -€780 | €8,888 | €12,973 | ▲ 46.0% |
| Profit (loss) for the period9904 | -€13,077 | €1,373 | €25,325 | €532 | €448 | ▼ 15.7% |
| Profit (loss) for the period to be appropriated9905 | -€13,077 | €1,373 | €25,325 | €532 | €448 | ▼ 15.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110,654 | €106,659 | €165,471 | €195,963 | €169,690 | ▼ 13.4% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €14,760 | €4,755 | €3,615 | €72,458 | €53,161 | ▼ 26.6% |
| Tangible fixed assets22/27 | €14,760 | €4,755 | €3,615 | €72,458 | €53,161 | ▼ 26.6% |
| Plant, machinery and equipment23 | - | €4,715 | €3,615 | €2,730 | €1,364 | ▼ 50.0% |
| Furniture and vehicles24 | - | €39 | €0 | €69,728 | €51,796 | ▼ 25.7% |
| Current assets29/58 | €95,895 | €101,904 | €161,857 | €123,505 | €116,529 | ▼ 5.6% |
| Stocks and contracts in progress3 | €6,786 | €9,385 | €21,125 | €58,909 | €64,440 | ▲ 9.4% |
| Stocks30/36 | - | €9,385 | €9,125 | €33,909 | €35,605 | ▲ 5.0% |
| Contracts in progress37 | - | - | €12,000 | €25,000 | €28,835 | ▲ 15.3% |
| Amounts receivable within one year40/41 | €86,572 | €75,822 | €138,525 | €60,460 | €45,962 | ▼ 24.0% |
| Trade receivables40 | - | €69,049 | €122,773 | €40,346 | €39,246 | ▼ 2.7% |
| Other amounts receivable41 | - | €6,773 | €15,752 | €20,114 | €6,717 | ▼ 66.6% |
| Deferred charges and accrued income490/1 | - | €16,697 | €2,206 | €4,136 | €6,126 | ▲ 48.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110,654 | €106,659 | €165,471 | €195,963 | €169,690 | ▼ 13.4% |
| Equity10/15 | €945 | €2,318 | €21,643 | €22,175 | €22,623 | ▲ 2.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €3,043 | €3,575 | €3,575 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | €1,183 | €3,575 | €3,575 | = |
| Profit (loss) carried forward14 | -€19,515 | -€18,142 | - | - | €448 | - |
| Amounts payable17/49 | €109,710 | €104,341 | €143,829 | €173,788 | €147,067 | ▼ 15.4% |
| Amounts payable after more than one year17 | €12,450 | €7,149 | €1,849 | €44,076 | €33,796 | ▼ 23.3% |
| Financial debts170/4 | - | €7,149 | €1,849 | €44,076 | €33,796 | ▼ 23.3% |
| Amounts payable within one year42/48 | €94,660 | €93,741 | €138,530 | €129,712 | €113,271 | ▼ 12.7% |
| Current portion of amounts payable after more than one year42 | - | €5,300 | €5,300 | €11,673 | €10,280 | ▼ 11.9% |
| Financial debts43 | - | €26,541 | €12,381 | €20,243 | €17,559 | ▼ 13.3% |
| Credit institutions430/8 | - | €26,541 | €12,381 | €20,243 | €17,559 | ▼ 13.3% |
| Trade debts44 | €33,575 | €45,727 | €82,670 | €65,756 | €50,731 | ▼ 22.9% |
| Suppliers440/4 | - | €45,727 | €82,670 | €65,756 | €50,731 | ▼ 22.9% |
| Taxes, remuneration and social security45 | - | €3,877 | €2,944 | €22,439 | €12,143 | ▼ 45.9% |
| Taxes450/3 | - | €1,680 | €679 | €9,119 | €9,525 | ▲ 4.5% |
| Remuneration and social security454/9 | - | €2,197 | €2,265 | €13,320 | €2,618 | ▼ 80.3% |
| Other amounts payable47/48 | - | €12,295 | €35,234 | €9,601 | €22,559 | ▲ 135% |
| Accrued charges and deferred income492/3 | - | €3,450 | €3,450 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,077 | €1,373 | €25,325 | €532 | €448 | ▼ 15.7% |
| + Depreciation and write-downs630 | €15,512 | €10,005 | €1,140 | €5,923 | €17,097 | ▲ 189% |
| Operating cash flow (approximation) | €2,435 | €11,378 | €26,465 | €6,455 | €17,546 | ▲ 172% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€74,766 | €2,200 | ▲ 103% |
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
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 75 days late
2022
31-12
Financial
Highest result since 2018net €25,325 ▲1,744%
Operating result €28,922, net result €25,325, both a record.
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 117 days late
2021
31-12
Financial
Back to profitnet €1,373
Net result €1,373 after 3 loss-making years.
28-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 120 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 84 days late
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortenaken · 1 establishment unit since 2016
Ground area
4,172 m²
Building footprint
655 m²
Volume, LiDAR
3,843 m³
2 parcels, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PEMO-projects
since 20162.256.376.881
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24050D0089/00S000 | Flanders | 3,282 m² | 1 · 308 m² | 12.6 m · 2 fl. |
| 24050C0116/00P002 | Flanders | 890 m² | 1 · 346 m² | 5.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 492 EUR awarded · 492 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 251 EUR | 251 EUR |
| 2023 | 1 | 160 EUR | 160 EUR |
| 2022 | 1 | 81 EUR | 81 EUR |
Similar companies · same sector, comparable size
Mr. Technique
BE 0744.627.725
Brussel · Eq €22,619
PINGUIN
BE 0738.601.352
Braives · Eq €22,616
TequieroConstruction Cooperation
BE 0456.586.324
Genk · Eq €22,632
HEAT-UP
BE 0758.418.452
Nivelles · Eq €22,663
CALENTIS
BE 0768.859.711
Binche · Eq €22,666
Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 3,693 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
Founded03-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660682440
Also
9925:BE0660682440
Registered
07-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.