Equity
€395,574 from €1.0m in 2015
Equity fell by 61% in 10 years.
PENCAT
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €194,933 (2022)
€26,282▲ 68.6%
lowest -€583,212 (2016)
€14,692▲ €30,141
peak €1.0m (2015)
€395,574▲ 3.9%
€452,072▲ 114%
Board5 names since 2017
-
Owners
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €15,586 to €26,282Back to profit: €14,692Debts from €211,431 to €452,072Cash from €1,830 to €217
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 29% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,104 companies (NACE 69, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.1%▼ -0.1 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.2 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.86, cash €217, halved
lowers risk
Sector: Legal and accounting activities (NACE 69)
Founded in 1999
Size: total assets €847,646
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 69, micro). It does better than 43% of them on solvency, 6% on liquidity, 20% on profitability and 46% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as PENCAT has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PENCAT itself: 0.2% within 12 months.
Test of the method
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 14,766 companies, not a prediction for PENCAT. 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.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.86 (0.6 in 2024), below 1. Short-term debt is 53.3% and cash 0% of total assets. 53.3% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
65 days early
2023
69 days early
2022
130 days early
2021
6 days early
2020
151 days early
2019
35 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 60 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 May (4 of the last 5 accounts filed within 59 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- Afibel Diest 1.94%score 82equity €3,235 (2025) · 2025 annual accounts of Afibel Diest
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0465364032
Capital decrease of €100,000 to €300,000
Capital from €400,000 to €300,000 · Resignation: William Keuninckx (director) · Reappointment: William Keuninckx (sole director) · General meeting of 17-05-2023 · Gazette deed
Registered office moved within Diest
New registered office: Nieuwstraat 1, 3290 Diest · Previous registered office: Nieuwstraat 1 te 3290 Diest · Change of role: William Keuninckx, from director to sole director · General meeting of 02-12-2021 · Gazette deed
Registered office moved within Diest
New registered office: Nieuwstraat 1 te 3290 Diest · Previous registered office: Nieuwstraat 1 bus 3 te 3290 Diest · General meeting of 02-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PENCAT Diest | €847,646 | €26,282 | 46.7% | - |
| Thys - Vannieuwenborgh Zedelgem | €798,088 | €32,405 | 75.4% | - |
| JW ACCOUNTANCY Heusden-Zolder | €971,560 | €32,401 | 62.1% | - |
| D.J. DIENSTEN Haacht | €636,515 | €21,065 | 83.4% | - |
| FLANDERS INVESTMENT AND STRATEGY CONSULTANTS Wetteren | €856,733 | €30,859 | 66.0% | 0 |
| PVBCONSULT Ronse | €866,438 | €37,500 | 56.5% | - |
| LODIS Charleroi | €663,777 | €25,262 | 67.7% | - |
These companies have the same main activity as PENCAT: other tax advisory services (NACE 69209). They are comparable in size and age: total assets between €637,000 and €972,000, founded between 1992 and 2005.
Official details
Source: KBO- Status
- Active since 01-02-1999Normal situation
- Activity
- Other tax advisory servicesNACE 69209and 1 other
- Establishment unit
- 2.091.388.7893290 Diest, since 21-06-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 08-09-2025
Annual accounts 2025
- €847,646▲ 43.1%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on PENCAT
PENCAT files the abbreviated format. That format states no turnover. The gross margin rose from -€37,857 in 2006 to €26,282 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PENCAT
- What is the company number of PENCAT?
- The company number of PENCAT is 0465.364.032. The VAT number is the same number with BE in front: BE 0465.364.032.
- Where is PENCAT based?
- The registered office is at Nieuwstraat 1, 3290 Diest.Company details
- What does PENCAT do?
- According to the KBO register, the main activity is other tax advisory services (NACE 69209).
- What is the legal form of PENCAT?
- PENCAT is a public limited company (NV).
- When was PENCAT founded?
- PENCAT was founded on 01-02-1999.
- Is PENCAT still active?
- Yes, PENCAT is an active enterprise in the KBO register.
- What is the turnover of PENCAT?
- The turnover in financial year 2025 is ≈ €66,000. This figure is estimated from the gross margin of €26,282 and 67 comparable companies (NACE 692). It probably lies between €47,000 and €89,000. In financial year 2023 turnover was €214,680.Financials
- Is PENCAT profitable?
- In financial year 2025, PENCAT made a profit of €14,692.
- Where can I find the annual accounts of PENCAT?
- PENCAT filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PENCAT due?
- PENCAT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.