PENNYWORTH

Active

Private limited companyfounded 2023active for 3 yearsWalbosstraat 43, 9070 Destelbergen, BelgiumKBO/BCE: BE 0801.886.132

Summary

The computed 12-month bankruptcy probability of PENNYWORTH is 3.4% (moderate). The annual accounts of PENNYWORTH for financial year 2025 show a net loss of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €2,771 and a net result of -€3,067. Equity is shrinking by about 23% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 14% of 34,678 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

PENNYWORTHActiveChecked score 48/100

Risk analysis Report Compare

Activity

General electrical installation work

NACE 43211

1 site

Size

€26,892total assets 2025

Equity: €2,771
Loss: -€3,067

Turnover not published (micro format)

Financial health

48 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 3.4%

Structure

Accounts filed 19 days late0 of 1 deed read

Why 48raises riskFounded in 2023Latest accounts 19 days late; 1 of the last 3 lateSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €26,892Show the evidence

Checked score

Score 2025

48 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 13% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 35-65

equity 10.3% of total assets

Liquidity 4-45

short-term debt 89.7% · cash 3.4%

Profitability 54-26

return on assets -11.4%

Bankruptcy probability, 12 months

3.4% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,613 companies, NACE 43, micro)

Last 24 months 11-2024: 0.6%lowest value 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.7%▲ +0.1 percentage points vs 03-2025 05-2025: 0.8%▲ +0.1 percentage points vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 1.3%▲ +0.5 percentage points vs 07-2025 09-2025: 1.5%▲ +0.2 percentage points vs 08-2025 10-2025: 2.4%▲ +0.9 percentage points vs 09-2025 11-2025: 2.4%● unchanged vs 10-2025 12-2025: 2.4%● unchanged vs 11-2025 01-2026: 2.4%● unchanged vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.5%▲ +0.1 percentage points vs 03-2026 05-2026: 2.5%● unchanged vs 04-2026 06-2026: 2.5%● unchanged vs 05-2026 07-2026: 2.6%▲ +0.1 percentage points vs 06-2026 08-2026: 3.0%▲ +0.4 percentage points vs 07-2026 09-2026: 3.4%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 3.4%● unchanged vs 09-2026highest value

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity insufficient (current ratio 0.32, compared with 1.83 in 2024, below 1; short-term debt: 89.7% and cash: 3.4% of total assets), and 89.7% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 14% on solvency, 4% on liquidity, 26% on profitability and 8% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Founded in 2023

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Latest accounts 19 days late; 1 of the last 3 late

NBB · filings

Sector: Specialised construction activities (NACE 43)

KBO

Size: total assets €26,892

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 34678 sector peers (2025).

NBB · sector comparison

Position among 34678 sector peers

Solvency

better than 14%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 3 filings

Deviation from the deadline

2025

19 days late

2024

46 days late

2023

2 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 21 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

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 19 August (3 of the last 3 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since incorporation in 2023.

KBO publications · our coverage

19-08-2026 Annual accounts filedfinancial year 2025 · micro…
31-12-2025 Weakest financial yearnet -€3,067
15-09-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Caution: Among the weakest 11% on equitysector median €57,779 · 34,690 companies €2,771 View
Total assets 20253 financial years filed €26,892 View
Active since 2023founded 17-05-2023 3 years View

By topic

Financials

Financial year: 2025
Total assets: €26,892
Loss: -€3,067
Solvency: 10.3%

Total assets▲ 260%

Net result

20232025

Go to Financials

Timeline

Events: 5
Since: 2024
Next accounts: by 31-07-2027

31-12-2024Highest result from 2023 to 2025
29-07-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: General electrical installation workNACE 43211
Founded: 17-05-2023
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about PENNYWORTH

What is the company number of PENNYWORTH?: 0801.886.132. In Belgium the VAT number is the company number with BE in front: BE 0801.886.132.
Where is PENNYWORTH based?: The registered office is at Walbosstraat 43, 9070 Destelbergen.Company details
What does PENNYWORTH do?: According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of PENNYWORTH?: Private limited company (BV).
When was PENNYWORTH founded?: On 17-05-2023.
Is PENNYWORTH still active?: Yes, PENNYWORTH is an active enterprise in the KBO register.
What is the turnover of PENNYWORTH?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is PENNYWORTH profitable?: In financial year 2025, PENNYWORTH made a loss of €3,067.
Where can I find the annual accounts of PENNYWORTH?: PENNYWORTH filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PENNYWORTH due?: By 31-07-2027, for financial year 2026.Timeline