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PENDULUM

Active Private limited companyfounded 2017active for 9 yearsStichelweg 10, 3360 BierbeekKBO/BCE: BE 0671.571.877

Overview

Lifetime

9 annual accounts with figures on one time axis
peak €98,097 (2025)
€98,097▲ 90.0%
lowest -€13,998 (2019)
€72,771▲ 93.7%
peak €116,509 (2025)
€116,509▲ 91.8%
€68,521▲ 145%
Board1 name since 2021
1 directorPeter Potemans
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €51,621 to €98,097Result from €37,574 to €72,771Equity from €60,738 to €116,509Debts from €28,001 to €68,521Cash from €19,342 to €114,661

Key points

from the 2025 annual accounts

Equity

€116,509 ▲ 91.8%
€60,7002024€117,0002025

Equity rose in 2025 from €60,738 to €116,509.

Turnover

≈ €230,000 estimated

The micro format states no turnover.

Position in the sector

€72,771

Higher net result than 85% of companies in computer programming and consultancy. Sector median €28,568 · 21,223 companies.

2025 accounts filed 31 days after the deadline

Checked score

97
Excellent
Financially stronger than 73% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points 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 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 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: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

88-5equity 63.0% of total assets
83+19short-term debt 37.0% · cash 62.0%
100=return on assets 39.3%

Score breakdown

raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 2.66, cash €114,661
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €185,030
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 62, micro). It does better than 55% of them on solvency, 67% on liquidity, 82% on profitability and 88% 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, 26,972 companies had the same profile as PENDULUM has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of PENDULUM itself is lower: < 0.1% within 12 months. It rests on far more data about PENDULUM than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 26,972 companies, not a prediction for PENDULUM. 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 €11,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.66 (2.96 in 2024), above the usual 1.5. Short-term debt is 37% and cash 62% of total assets. 37% 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
lowers risk · Liquidity: current ratio 2.66, cash €114,661
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: total assets €185,030
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filings
Deviation from the deadline
2025
31 days late
2024
1 day early
2023
on the day
2022
23 days early
2021
23 days early
2020
31 days early
2019
9 days early
← 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 8 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PP
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0671571877
Registered office moved from Edegem to Korbeek-Lo New registered office: Stichelweg 10 – 3360 Korbeek-Lo · Previous registered office: Joe Englishlaan 5 bus 2, 2650 Edegem · Appointment: Peter Potemans (statutory director) · Gazette deed
Registered office moved from Izegem to Edegem New registered office: Joe Englishlaan 5 bus 2, 2650 Edegem · Previous registered office: Parkietstraat 6, 8870 Izegem · General meeting of 14-07-2020 · Gazette deed
Incorporation published on 20-02-2017 · Gazette deed
All 23 events

Comparable companies

same main activity, similar in size and age
Company
PENDULUM Bierbeek €185,030 €98,097 63.0% -
TANG MAC Overijse €209,011 €98,395 9.8% -
Levantius Hoegaarden €197,353 €90,636 71.4% -
FATUM Hoegaarden €207,509 €101,206 92.5% -
G2R Consulting Holsbeek €185,599 €116,049 50.8% -
TACKNOLOGY Pajottegem €208,899 €109,389 0.3% -
TeraData Solutions Vilvoorde €173,485 €82,082 66.0% -

These companies have the same main activity as PENDULUM: computer programming (NACE 62100). They are comparable in size and age: total assets between €173,000 and €209,000, founded between 2016 and 2018.

Official details

Source: KBO
Status
Active since 16-02-2017Normal situation
Activity
Computer programmingNACE 62100and 2 others
Establishment unit
2.261.887.0753360 Bierbeek, since 16-02-2017
Financial year end
31 December
Peppol
Reachable since 19-12-2025
Company details

Annual accounts 2025

€98,097▲ 90.0%
€72,771▲ 93.7%
€116,509▲ 91.8%
€185,030▲ 109%
Filing
Filed on 31-08-2026
Financials

Insights on PENDULUM

PENDULUM files the micro format. That format states no turnover. The gross margin rose from -€983 in 2017 to €98,097 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late
€98,097
▲ 90.0%
€93,264
▲ 93.6%
€72,771
▲ 93.7%
€113,405
▲ 106%
63.0%
▼ 5.5 percentage points
2.66
▼ 0.31

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €230,000. Estimated: probably between €190,000 and €290,000.

Balance sheet

balance sheet total €185,030 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

63.0%

Higher than 53% of 21,217 companies in 2025.

2.66

Higher than 53% of 20,581 companies in 2025.

39.3%

Higher than 77% of 20,756 companies in 2025.

PENDULUM Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 185,03088,73944,77145,11846,22963,1974,59332,8803,215
21/28 3,1045,734357699--847521,419
22/27 3,1045,734357699--847521,419
23 ------847521,419
24 3,1045,734357699-----
29/58 181,92783,00444,41444,41946,22963,1974,50932,1281,796
40/41 66,52963,05440,01418,3017,63841,36533722,4981,770
40 9,68024,5785,10016,6922,06637,546-21,952-
41 56,84938,47634,9141,6095,5723,8193375461,770
54/58 114,66119,3421,59710,05536,78921,1153,1658,655-
490/1 7366082,80316,0631,8027171,00797526
Balance sheet: equity and liabilities
10/49 185,03088,73944,77145,11846,22963,1974,59332,8803,215
10/15 116,50960,73843,11938,58943,50523,734-1,84312,1552,009
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,55018,55018,550
101 ------12,35012,35012,350
13 70,20054,53836,91932,38937,3055,9555,9555,955-
133 70,20054,53836,91932,38937,3055,9555,9555,955-
14 40,109----11,579-13,998--4,191
17/49 68,52128,0011,6526,5292,72439,4636,43620,7251,206
42/48 68,52128,0011,6525,2242,72439,4636,43620,7251,206
43 3,821--------
430/8 3,821--------
44 1,6734361,3913,8241,13430,9355,5593,129688
440/4 1,6734361,3913,8241,13430,9355,5593,129688
45 39,02813,5652611,3995908,528-17,596517
450/3 39,02813,5652611,3995908,528-12,547517
454/9 -------5,049-
47/48 24,00014,000--1,000-877-1
492/3 ---1,305-----
Income statement
76A ---6,909-----
9900 98,09751,6216,491-2,93931,33633,145-10,68316,326-983
630 4,2722,652342327-84667667583
640/8 561784259171,2751,4011,3301,4352,140
9901 93,26448,1856,124-4,18330,06131,660-12,68014,224-3,706
75/76B 74--3-187-5126
75 74--3-187-5126
65/66B 90218265475378729528929511
65 90218265475378729528929511
9903 93,24847,9675,859-4,65529,68331,118-13,20813,346-4,191
67/77 20,47710,3931,3292618,9125,5417903,200-
9904 72,77137,5744,530-4,91520,77125,577-13,99810,146-4,191
9905 72,77137,5744,530-4,91520,77125,577-13,99810,146-4,191
Appropriation of the result
9906 72,77137,5744,530-4,91532,35011,579-13,9985,955-4,191
14P ----11,579----
791/2 6,8385,955-4,915-----
691/2 22,50023,5744,530-31,350--5,955-
6921 22,50023,5744,530-31,350--5,955-
694/7 17,00019,955--1,000----
694 -5,955-------
695 17,00014,000--1,000----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00469830.

Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00469830 PDF
31-12-2024 micro format 30-07-2025 2025-00329512 PDF
31-12-2023 micro format 31-07-2024 2024-00312043 PDF
31-12-2022 micro format 08-07-2023 2023-00216910 PDF
31-12-2021 micro format 08-07-2022 2022-20161557 PDF
31-12-2020 micro format 30-06-2021 2021-27600421 PDF
31-12-2019 micro format 22-07-2020 2020-32800462 PDF
31-12-2018 micro format 26-07-2019 2019-38500536 PDF
31-12-2017 micro format 18-07-2018 2018-35200182 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
97,53650,8376,466-3,856-31,744-12,01314,891-3,123
77,04340,2264,872-4,589-25,661-13,33110,813-3,608
1,6418,02907,116-0-102,002
95,31917,745-8,458-26,73415,67417,950-5,490--
113,40555,00442,76239,19543,50523,734-1,92711,403590
63.0%68.4%96.3%85.5%94.1%37.6%-37.0%-
2.662.9626.888.5016.971.60-1.55-
0.590.460.040.170.061.66-1.71-
62.5%61.9%10.5%-12.7%47.7%107.8%-83.5%-
39.3%42.3%10.1%-10.9%44.9%40.5%-30.9%-
over 100over 10024.42-8.11-----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,641€8,029-€7,116-
€4,272€2,652€342€327-

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on PENDULUM

The operating result for 2025 is 94% higher than in 2024 and the highest since 2017. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total rises from 31.6% to 37.0%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in 2022
Statutory director
appointed by deed of 11-08-2022
listed in the 2025 annual accounts, filed on 31-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 11-08-2022

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Peter Potemans
Statutory director
Boardmandate already running before its first mention
Mandates as a list
  • Peter Potemans
    • Statutory director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

Capital

Contribution
€6,200
Source
2025 annual accounts

Articles of association

deed of 11-08-2022 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Saturday of May at 16:00
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Algemene vergadering, vormvereisten,aanwezigheidsquorum en meerderheid Wetboek van vennootschappen en verenigingen”

Network & group

No group

PENDULUM has no parent and no holdings in its annual accounts. Peter Potemans is the only director. PENDULUM shares no director with another company.

Timeline

Timeline

23 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2025
Highest result from 2017 to 2025 net €72,771 ▲93.7% The operating result of €93,264 and the net result of €72,771 are both a record.
Equity above €100,000 equity €116,509 ▲91.8% After 3 profitable years in a row, equity reaches €116,509.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0671571877
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Back to profit net €4,530 The net result is €4,530, after one loss-making year.
Liquidity more than triples current ratio 26.88 The current ratio rises from 8.50 to 26.88. Short-term debt falls from €5,224 to €1,652.
Annual accounts 2022 filed PDFmicro format · 23 days before the deadline
2022
Registered office moved from Edegem to Korbeek-LoNew registered office: Stichelweg 10 – 3360 Korbeek-Lo · Previous registered office: Joe Englishlaan 5 bus 2, 2650 Edegem · Appointment: Peter Potemans (statutory director)3 points ▸
  • Registered-office move, Stichelweg 10 – 3360 Korbeek-Lo
  • Director appointment, Peter Potemans (statutory director)
  • Power of attorney, Stephanie De Buysere
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFmicro format · 23 days before the deadline
2021
Liquidity more than 10 times current ratio 16.97 The current ratio rises from 1.60 to 16.97. Short-term debt falls from €39,463 to €2,724.
Annual accounts 2020 filed PDFmicro format · 31 days before the deadline
2020
Back to profit net €25,577 The net result is €25,577, after one loss-making year.
Liquidity more than doubled current ratio 1.60 The current ratio rises from 0.70 to 1.60.
Registered office moved from Izegem to EdegemNew registered office: Joe Englishlaan 5 bus 2, 2650 Edegem · Previous registered office: Parkietstraat 6, 8870 Izegem · General meeting of 14-07-20202 points ▸
  • General meeting, 14-07-2020
  • Registered-office move, Joe Englishlaan 5 bus 2, 2650 Edegem

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFmicro format · 9 days before the deadline
2019
Weakest financial year net -€13,998 The net result drops to -€13,998, the lowest from 2017 to 2025. It recovers the following year.
Annual accounts 2018 filed PDFmicro format · 5 days before the deadline
2018
Back to profit net €10,146 The net result is €10,146, after one loss-making year.
Annual accounts 2017 filed PDFmicro format · 13 days before the deadline
2017
Incorporation PDFpublished on 20-02-2017
First establishment Stichelweg 10, Bierbeek

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

PENDULUM was incorporated on 16 February 2017.1 The registered office moved to Edegem in 2020 and to Korbeek-Lo in 2022.23 Total assets rose from €32,880 in 2018 to €185,030 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 05-10-2020
  3. 3Belgian Official Gazette, 11-08-2022
  4. 4National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0671.571.877
VAT number
BE 0671.571.877
Peppol ID
0208:0671571877
Other Peppol ID
9925:BE0671571877
Legal form
Private limited company
Status
Active, normal situation
Founded
16-02-2017
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Saturday of May at 16:00
deed of 11-08-2022 (in Dutch)
Peppol
Reachable since 19-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
PENDULUM in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-08-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 11-08-2022 (in Dutch)

Activities

NACEBEL 2025
62100 Computer programming main activity
Codes under NACEBEL 2008
62010 Computer programming, consultancy and related activities main activity
62020 IT consultancy
82990 Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Organisatie en implementatie van de nieuwe Europese privacywetgeving,ICT-consultancyopdrachten,zakelijke dienstverlening,Supply…”
10 activities
  1. Organisatie en implementatie van de nieuwe Europese privacywetgeving,ICT-consultancyopdrachten,zakelijke dienstverlening,Supply management,Project - en changemanagement
  2. Managementactiviteiten van holdings zoals tussenkomen in het dagelijks bestuur
  3. Het verlenen van technische expertise
  4. Opleidingen
  5. Alle mogelijke advies-en/of dienstenfuncties op het vlak van Europese normgeving en ICT domeinen
  6. Advies verlenen op het gebied van public relations en communicatie
  7. Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht
  8. Het verschaffen van informatie aan de bedrijfsleiding enz.
  9. Berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning,organisatie,enz.
  10. Algemene auditactiviteiten en het verlenen van adviezen op het gebied van het beheer ten behoeve van kantoren en overige zakelijke dienstverlening
deed of 11-08-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Stichelweg 10 registered office 3360 Bierbeek 16-02-2017 2.261.887.075
1 former office
  • Parkietstraat,6, 8870 Izegem until 16-07-2020 · deed of 05-10-2020

Buildings and parcels at the address

Ground area
657 m²
Buildings
129 m²
Volume, LiDAR
725 m³
Tallest building
9.6 m
Buildings to scale, each on its own parcel
129 m², 9.6 m 129 m², 9.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
24053B0368/00N000657 m² 1 · 129 m² 9.6 m · 2