PENDRAGON S
ActiveSummary
PENDRAGON S has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.00M and a net result of €-30k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 77% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-3
Solvency92=
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 3.31 against 3.32 in 2024; short-term debt: 13.5% and cash: 0.4% of total assets), and 33.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
66.7%
Return on assets
-0.7%
Age of the figures
9 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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
21 d late
2022
9 d late
2021
11 d late
2020
4 d early
2019
6 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.00M▼ 1.0%
2024 · €3.03M
2018: €3.01M
2019: €2.80M
2020: €2.75M
2021: €2.70M
2022: €3.01M
2023: €3.03M
2024: €3.03M
2018 → 2025
Total assets
€4.49M=
2024 · €4.49M
2018: €6.58M
2019: €5.50M
2020: €5.23M
2021: €5.65M
2022: €5.76M
2023: €5.36M
2024: €4.49M
2018 → 2025
Net result
€-30k
2024 · €2k
2018: €-139k
2019: €-211k
2020: €-52k
2021: €-49k
2022: €308k
2023: €17k
2024: €2k
2018 → 2025
Working capital
€1.40M▲ 4.8%
2024 · €1.34M
2018: €681k
2019: €216k
2020: €161k
2021: €845k
2022: €1.18M
2023: €494k
2024: €1.34M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.70M-€3.01M▲ 11.4%€3.03M▲ 0.6%€3.03M▲ 0.1%€3.00M▼ 1.0%
Operating result€-10k-€349k€119k▼ 65.9%€73k▼ 39.1%€18k▼ 75.6%
Net result€-49k-€308k€17k▼ 94.4%€2k▼ 90.5%€-30k
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 has fallen three years in a row; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.49M
Fixed assets
€2.49M ▼ 3.7%
Current assets
€2.01M ▲ 4.9%
Equity and liabilities €4.49M
Equity
€3.00M ▼ 1.0%
Debt
€1.50M ▲ 2.1%
Debt's share of the balance-sheet total rises from 32.6% to 33.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€105k▼
2024 · €170k
Cash flow
€57k▼
2024 · €99k
Current ratio
3.31▼
2024 · 3.32
Quick ratio
0.32▲
2024 · 0.19
Debt to equity
0.50▲
2024 · 0.48
ROE
-1.0%▼
2024 · 0.1%
ROA
-0.7%▼
2024 · 0.0%
Interest coverage
2.19▼
2024 · 2.39
Debt ≤ 1 year
€606k▲
2024 · €576k
Debt > 1 year
€773k▼
2024 · €790k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.49M€4.49M=
Fixed assets21/28€2.58M€2.49M▼
Tangible fixed assets22/27€1.90M€1.80M▼
Land and buildings22€1.90M€1.80M▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€0-
Financial fixed assets28€684k€684k=
Current assets29/58€1.91M€2.01M▲
Stocks and contracts in progress3€1.81M€1.81M▲
Stocks30/36€1.81M€1.81M▲
Amounts receivable within one year40/41€18k€71k▲
Trade receivables40€16k€69k▲
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58€6k€19k▲
Deferred charges and accrued income490/1€85k€105k▲
Equity and liabilities
Total equity and liabilities10/49€4.49M€4.49M=
Equity10/15€3.03M€3.00M▼
Contributions10/11€4.36M€4.36M=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-1.33M€-1.36M▼
Amounts payable17/49€1.47M€1.50M▲
Amounts payable after more than one year17€790k€773k▼
Financial debts170/4€790k€773k▼
Amounts payable within one year42/48€576k€606k▲
Current portion of amounts payable after more than one year42€17k€17k=
Financial debts43-€325k
Credit institutions430/8-€325k
Trade debts44€59k€64k▲
Suppliers440/4€59k€64k▲
Taxes, remuneration and social security45€823€7k▲
Taxes450/3€823€7k▲
Other amounts payable47/48€500k€194k▼
Accrued charges and deferred income492/3€100k€116k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€87k▼
Other operating charges640/8€28k€27k▼
Gross operating margin9900€198k€132k▼
Operating profit (loss)9901€73k€18k▼
Financial income75/76B€135€0▼
Recurring financial income75€135€0▼
Financial charges65/66B€71k€48k▼
Recurring financial charges65€71k€48k▼
Profit (loss) for the period before taxes9903€2k€-30k▼
Profit (loss) for the period9904€2k€-30k▼
Profit (loss) for the period to be appropriated9905€2k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.33M€-1.36M▼
Profit (loss) brought forward from the previous period14P€-1.33M€-1.33M▲
The notes to these accounts (16 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.32
Current ratio from 1.34 to 3.32; short-term debt falls from €1.43M to €576k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
31-12
Financial
Back to profitnet €308k
Net result €308k after 4 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-12
Financial
Weakest financial yearnet €-211k
Net result drops to €-211k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Zwevegem · 1 establishment unit since 1986
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.
Harelbeekstraat(Z) 1698550 ZwevegemGround area
2.4 ha
Building footprint
4,865 m²
Volume, LiDAR
39,825 m³
Parcel 34042A0126/00E000, Flanders · tallest building 15.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Harelbeekstraat(Z) 169, 8550 Zwevegem
since 19862.036.196.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0126/00E000 | Flanders | 2.4 ha | 1 · 4,865 m² | 15.9 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300E8DWI273RWBJ21
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 3,242 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-1986
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.