PENCON
ActivePENCON has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €60k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 31523 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency34▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.71 in 2024), and 72.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
27.4%
Return on assets
14.9%
Age of the figures
8 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
25 d late
2023
48 d early
2022
27 d early
2021
12 d early
2020
25 d late
2019
21 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€111k▲ 22.5%
2024 · €91k
2019: €44k
2020: €100k
2021: €133k
2022: €57k
2023: €67k
2024: €91k
2019 → 2025
Total assets
€405k▲ 8.3%
2024 · €374k
2019: €114k
2020: €177k
2021: €395k
2022: €395k
2023: €388k
2024: €374k
2019 → 2025
Net result
€60k▼ 4.9%
2024 · €64k
2019: €31k
2020: €57k
2021: €34k
2022: €77k
2023: €64k
2024: €64k
2019 → 2025
Working capital
€-67k▼ 64.0%
2024 · €-41k
2019: €36k
2020: €90k
2021: €74k
2022: €-27k
2023: €-44k
2024: €-41k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€133k-€57k▼ 56.8%€67k▲ 15.8%€91k▲ 36.3%€111k▲ 22.5%
Operating result€46k-€102k▲ 125%€94k▼ 8.6%€92k▼ 1.3%€99k▲ 6.9%
Net result€34k-€77k▲ 126%€64k▼ 16.6%€64k▼ 0.9%€60k▼ 4.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €405k
Fixed assets
€294k▲ 7.5%
Current assets
€111k▲ 10.7%
Equity and liabilities €405k
Equity
€111k▲ 22.5%
Debt
€294k▲ 3.8%
The debt ratio falls from 75.7% to 72.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€103k▲
2024 · €96k
Cash flow
€65k▼
2024 · €67k
Solvency
27.4%▲
2024 · 24.3%
Current ratio
0.63▼
2024 · 0.71
Quick ratio
0.63▼
2024 · 0.71
Debt / equity
2.65▼
2024 · 3.12
ROE
54.3%▼
2024 · 70.0%
ROA
14.9%▼
2024 · 17.0%
Interest coverage
14.00▼
2024 · 14.36
Debt
€294k▲
2024 · €283k
Debt ≤ 1 year
€178k▲
2024 · €141k
Debt > 1 year
€116k▼
2024 · €141k
Income taxes
€31k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€374k€405k▲
Fixed assets21/28€274k€294k▲
Tangible fixed assets22/27€273k€293k▲
Land and buildings22€273k€293k▲
Financial fixed assets28€600€600=
Current assets29/58€100k€111k▲
Amounts receivable within one year40/41€13k€14k▲
Trade receivables40€11k€14k▲
Other amounts receivable41€1k€0▼
Current investments50/53€0-
Cash at bank and in hand54/58€87k€96k▲
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€374k€405k▲
Equity10/15€91k€111k▲
Reserves13€91k€111k▲
Distributable reserves133€91k€111k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€283k€294k▲
Amounts payable after more than one year17€141k€116k▼
Financial debts170/4€141k€116k▼
Amounts payable within one year42/48€141k€178k▲
Current portion of amounts payable after more than one year42€25k€26k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€12k€27k▲
Taxes450/3€12k€26k▲
Remuneration and social security454/9€0€1k▲
Other amounts payable47/48€103k€123k▲
Accrued charges and deferred income492/3€767€510▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€596€869▲
Gross operating margin9900€96k€104k▲
Operating profit (loss)9901€92k€99k▲
Financial income75/76B€2k€0▼
Recurring financial income75€2k€0▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€88k€91k▲
Income taxes67/77€24k€31k▲
Profit (loss) for the period9904€64k€60k▼
Profit (loss) for the period to be appropriated9905€64k€60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€60k▼
Transfer from equity791/2€39k€40k▲
Transfer to equity691/2€64k€60k▼
To other reserves6921€64k€60k▼
Profit to be distributed694/7€39k€40k▲
Return on contributions (dividend)694€39k€40k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €111k ▲22.5%
7 profitable years in a row build equity to €111k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €77k ▲126%
Operating result €102k, net result €77k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Equity above €100kEq €100k ▲128%
2 profitable years in a row build equity to €100k.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lichtervelde · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Weststraat 648810 LichterveldeGround area
1,408 m²
Building footprint
191 m²
Volume, LiDAR
1,117 m³
Parcel 36011E0296/00G000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PENCON
since 20192.288.974.425
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011E0296/00G000 | Flanders | 1,408 m² | 1 · 191 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 40,620 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2019
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.pencon.be
E-mail:cedric.penninck@pencon.be