PEMO-projects
ActiveSummary
The computed 12-month bankruptcy probability of PEMO-projects is 12.5% (high). The 2024 annual accounts show equity of €22,623 and a net result of €448, of which €5,244 non-recurring income. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 16% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-08-2016 Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
- Establishment unit
- 2.256.376.881 3472 Kortenaken, since 03-08-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 07-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 12.5%
- Gross margin
- €69,324
- ▲ 4.6%
- Turnover
- ≈ €270,000
- estimated
- Profit
- €448
- ▼ 15.7%
- Equity
- €22,623
- ▲ 2.0%
- Total assets
- €169,690
- ▼ 13.4%
- Employees on 31-12-2024
- 1
- ▼ 50.0%
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 15-10-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 70 days late; 3 of the last 3 accounts lateLiquidity: current ratio 1.03Show the evidence
Checked score
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 16% of them on solvency, 18% on liquidity, 25% on profitability and 40% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
Credit check for an amount and term of your choice
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.
Signals
The company filed its last 6 accounts on average 90 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 09-10-2025 PDF all 8 filings
Every figure per financial year
The operating result for 2024 is 81% higher than in 2023. It is a recovery after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 1 |
| part-time | 1 | 2 | 1 |
| in full-time equivalents | 0.6 | 1.2 | 0.5 |
| Average over the year, in full-time equivalents | 0.6 | 1.2 | 0.9 |
| On a permanent contract | 1 | 2 | 1 |
| Joined | - | - | 0 |
| Left | - | - | 1 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €74,766 | €5,779 |
| Depreciation and write-downs of the year | €10,005 | €1,140 | €5,923 | €17,097 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €492 awarded · €492 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €251 | €251 |
| 2023 | 1 | €160 | €160 |
| 2022 | 1 | €81 | €81 |
| Line | 2018 | 2019 | 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 | €15,997 | €15,455 | €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 | €19,583 | €50,218 | €26,803 | €26,454 | €45,998 | €66,254 | €69,324 | ▲ 4.6% |
| Operating profit (loss)9901 | -€31,207 | €7,287 | -€4,140 | €7,501 | €28,922 | €12,504 | €22,690 | ▲ 81.5% |
| Financial income75/76B | - | - | - | €50 | €46 | €44 | €339 | ▲ 667% |
| Recurring financial income75 | €17 | €62 | €44 | €50 | €46 | €44 | €339 | ▲ 667% |
| Financial charges65/66B | - | - | - | €5,499 | €4,423 | €3,128 | €9,608 | ▲ 207% |
| Recurring financial charges65 | €3,732 | €7,280 | €5,512 | €5,499 | €4,423 | €3,128 | €9,608 | ▲ 207% |
| Profit (loss) for the period before taxes9903 | -€34,922 | €69 | -€9,608 | €2,052 | €24,545 | €9,420 | €13,421 | ▲ 42.5% |
| Income taxes67/77 | - | €6,508 | €3,469 | €679 | -€780 | €8,888 | €12,973 | ▲ 46.0% |
| Profit (loss) for the period9904 | -€34,922 | -€6,438 | -€13,077 | €1,373 | €25,325 | €532 | €448 | ▼ 15.7% |
| Profit (loss) for the period to be appropriated9905 | -€34,922 | -€6,438 | -€13,077 | €1,373 | €25,325 | €532 | €448 | ▼ 15.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €123,205 | €125,892 | €110,654 | €106,659 | €165,471 | €195,963 | €169,690 | ▼ 13.4% |
| Formation expenses20 | €651 | - | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €44,064 | €30,272 | €14,760 | €4,755 | €3,615 | €72,458 | €53,161 | ▼ 26.6% |
| Intangible fixed assets21 | - | €421 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €44,064 | €29,850 | €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 | €78,489 | €95,620 | €95,895 | €101,904 | €161,857 | €123,505 | €116,529 | ▼ 5.6% |
| Stocks and contracts in progress3 | €5,462 | €5,498 | €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 | €67,767 | €86,269 | €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% |
| Cash at bank and in hand54/58 | €5,260 | - | - | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €16,697 | €2,206 | €4,136 | €6,126 | ▲ 48.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €123,205 | €125,892 | €110,654 | €106,659 | €165,471 | €195,963 | €169,690 | ▼ 13.4% |
| Equity10/15 | €7,509 | €1,622 | €945 | €2,318 | €21,643 | €22,175 | €22,623 | ▲ 2.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €36,231 | €1,860 | €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 | -€34,922 | -€6,438 | -€19,515 | -€18,142 | - | - | €448 | - |
| Amounts payable17/49 | €115,695 | €124,270 | €109,710 | €104,341 | €143,829 | €173,788 | €147,067 | ▼ 15.4% |
| Amounts payable after more than one year17 | €23,050 | €17,750 | €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 | €92,645 | €106,520 | €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 | €20,630 | €10,441 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,922 | -€6,438 | -€13,077 | €1,373 | €25,325 | €532 | €448 | ▼ 15.7% |
| + Depreciation and write-downs630 | €15,997 | €15,455 | €15,512 | €10,005 | €1,140 | €5,923 | €17,097 | ▲ 189% |
| Operating cash flow (approximation) | -€18,925 | €9,017 | €2,435 | €11,378 | €26,465 | €6,455 | €17,546 | ▲ 172% |
| Investment in fixed assets (approximation) | - | -€1,663 | €0 | €0 | €0 | -€74,766 | €2,200 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,508 companies had the same profile as PEMO-projects has now. Two years later, 96.9% were still going and 1.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
The bankruptcy probability of PEMO-projects itself is higher: 12.5% within 12 months. It rests on far more data about PEMO-projects than the profile alone.
Test of the method
The method was tested on the 497,446 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 4,508 companies, not a prediction for PEMO-projects. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 09-10-2025 | 2025-00542327 | |
| 31-12-2023 | micro format | 04-11-2024 | 2024-00530005 | |
| 31-12-2022 | micro format | 14-10-2023 | 2023-00488244 | |
| 31-12-2021 | micro format | 25-11-2022 | 2022-20526726 | |
| 31-12-2020 | micro format | 28-11-2021 | 2021-78600584 | |
| 31-12-2019 | micro format | 01-10-2020 | 2020-59900165 | |
| 31-12-2018 | abbreviated format | 23-10-2019 | 2019-70900600 | |
| 31-12-2017 | abbreviated format | 19-01-2018 | 2018-01900043 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 01-12-2023 Converted to unavailable equity · €20,460
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PEETERS, Robin |
|
| PEETERS, Yannick Eddy |
|
| Niels Peeters |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”
Articles of association, deed of 01-12-2023 (in Dutch)
Network & group
PEMO-projects shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of PEMO-projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-10
Gazette deed
Registered office moved within Kortenaken2 points ▸
- Board meeting, 24-09-2026
- Registered-office move, Kersbeek-Dorp 54, 3472 Kortenaken
07-12
Gazette deed
Resignation: Niels Peeters (director)2 points ▸
- General meeting, 31-10-2023
- Director resignation, Niels Peeters (director)
01-12
Gazette deed
Resignations: PEETERS, Yannick Eddy (director) and PEETERS, Niels (director)Reappointment: PEETERS, Yannick Eddy (director) · Appointment: PEETERS, Robin (director) · Amendment of the articles9 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Director resignation, PEETERS, Yannick Eddy
- Director reappointment, PEETERS, Yannick Eddy (director (not named in the articles))
- Director resignation, PEETERS, Niels
- Director appointment, PEETERS, Robin (director)
- Registered office clause, “3472 Kortenaken (Kersbeek-Miskom), Nieuwstraat 4/A” (deed in Dutch)
- Director discharge, PEETERS, Niels
21-01
Gazette deed
Appointment: Robin Peeters (director)2 points ▸
- General meeting, 22-06-2021
- Director appointment, Robin Peeters (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
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 0660.682.440
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24050C0116/00P002 | Flanders | 890 m² | 1 · 346 m² | 5.4 m · 2 |