Equity
€550 from €58,982 in 2016
Equity fell by 99% in 9 years.
PENDO
Lifetime
7 annual accounts with figures on one time axispeak €117,208 (2024)
€110,481▼ 5.7%
peak €85,208 (2024)
€82,593▼ 3.1%
peak €58,982 (2016)
€550unchanged
€161,064▼ 18.7%
Board1 name since 2014
1 directorMARO Pendo Angela
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Dividend €82,593Debts from €198,174 to €161,064Cash from €116,765 to €41,873
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 40% of micro companies in advertising and market research (NACE 73)
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: 0.2% across 11,231 companies (NACE 73, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.4%▼ -0.6 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.3%▼ -0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.2%▼ -0.3 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €550 (0.3% of total assets)
lowers risk
Size: total assets €161,614
Founded in 2014
Liquidity: current ratio 1.00, cash €41,873, halved
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 73, micro). It does better than 13% of them on solvency, 18% on liquidity, 88% on profitability and 43% 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, 1,325 companies had the same profile as PENDO has now. Each dot stands for 4 companies, two years later.
95.2%
were still trading
3.2%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PENDO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,325 companies, not a prediction for PENDO. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8617 sector peers (2025).
NBB · sector comparisonPosition among 8617 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
25 days late
2024
19 days late
2023
22 days late
2022
71 days late
2021
74 days late
2016
68 days early
2015
23 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 24 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% 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 25 August (4 of the last 5 accounts filed within 46 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0567844136
Change of role: MARO Pendo Angela, from manager to director
Legal-form conversion: from limited partnership to private limited company · Director discharge: MARO Pendo Angela · General meeting of 30-09-2021 · Gazette deed
Registered office moved from Woluwe-Saint-Pierre to Etterbeek
New registered office: 13/15, Rue du Reigersvliet à 1040 Etterbeek · Previous registered office: RUE FRANCOIS GAY 126, 1150 WOLUWE-SAINT-PIERRE · General meeting of 10-12-2018 · Gazette deed
Incorporation
published on 19-11-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PENDO Etterbeek | €161,614 | €110,481 | 0.3% | - |
| Conseil Consultatif pour les Marchés Brussels | €139,920 | €105,917 | 75.6% | - |
| LW CONSULTING Schaerbeek | €181,311 | €100,293 | 11.3% | - |
| CH-RH COACHING & CONSULTING Fléron | €173,659 | €105,338 | 61.1% | - |
| Magnus Magnusson Kapellen | €175,442 | €106,028 | 22.3% | - |
| Yellow Dots Sint-Genesius-Rode | €149,759 | €120,494 | 36.0% | - |
| GERICMA Wavre | €166,452 | €98,605 | 54.3% | - |
These companies have the same main activity as PENDO: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €140,000 and €181,000, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 17-11-2014Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 1 other
- Establishment unit
- 2.236.784.7621040 Etterbeek, since 17-11-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Annual accounts 2025
- ≈ €200,000estimated
- €161,614▼ 18.7%
- ≈ 0 FTEestimated
- Filing
- Filed on 25-08-2026
Insights on PENDO
PENDO files the micro format. That format states no turnover. The gross margin rose from €56,813 in 2015 to €110,481 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 PENDO
- What is the company number of PENDO?
- The company number of PENDO is 0567.844.136. The VAT number is the same number with BE in front: BE 0567.844.136.
- Where is PENDO based?
- The registered office is at Reigersvlietstraat 13-15, 1040 Etterbeek.Company details
- What does PENDO do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of PENDO?
- PENDO is a private limited company (BV).
- When was PENDO founded?
- PENDO was founded on 17-11-2014.
- Is PENDO still active?
- Yes, PENDO is an active enterprise in the KBO register.
- How many employees does PENDO have?
- PENDO had an average of 0.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of PENDO?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €110,481 and 38 comparable companies (NACE 73). It probably lies between €150,000 and €410,000.
- Is PENDO profitable?
- In financial year 2025, PENDO made a profit of €82,593.
- Where can I find the annual accounts of PENDO?
- PENDO filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PENDO due?
- PENDO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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