Equity
€526,214 from €1.2m in 2023
Equity fell by 58% in 2 years.
PentaS
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €2.2m (2008)
-not published
lowest -€77,857 (2019)
€143,755▲ 261%
peak €1.2m (2023)
€526,214▲ 37.6%
€1.0m▲ 43.5%
peak 13.1 FTE (2009)
10.1 FTEunchanged
Board4 names since 2018
1 directorKOBOS
Owners5 names in the annual accounts
33.33%INVACC and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Gross margin from €600,310 to €698,796Result from €39,836 to €143,755Equity from €382,459 to €526,214Debts from €730,756 to €1.0mCash from €156,257 to €35,257
Key points
from the 2025 annual accountsResult
€143,755 ▲ 261%
The result rose in 2025: different schema filed.
Turnover
≈ €1.6m estimated
The accounts state no turnover.
Debts
€1.0m ▲ 43.5%
Debts rose by €317,683 in 2025.
Staff
10 employees on 31-12-2025
In 2025, 2 people joined and 2 left.
Filings
34 annual accounts since 1992
The last five annual accounts were filed 0 to 52 days before the end of the period.
Checked score
86
Excellent
Financially stronger than 53% of small companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 748 companies (NACE 25, small).
About 3 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 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
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 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Liquidity: current ratio 1.37, cash €35,257, halved
lowers risk
Founded in 1991
Profit of €143,755 (financial year 2025)
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 25, small). It does better than 36% of them on solvency, 9% on liquidity, 76% on profitability and 92% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 20,137 companies had the same profile as PentaS has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of PentaS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 20,137 companies, not a prediction for PentaS. 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 €45,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37 (1.29 in 2024), below the usual 1.5. Short-term debt is 66% and cash 2.2% of total assets. 66.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
on the day
2023
33 days early
2022
52 days early
2021
40 days early
2020
50 days early
2019
49 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 35 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% 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 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- FENOLA 66.56%equity €8.4m (2024) · 2023 annual accounts of FENOLA
- INVACC 33.33%score 85equity €1.4m (2025) · 2025 annual accounts of INVACC
- KOBOS 33.28%score 95equity €4.1m (2025) · 2023 annual accounts of KOBOS
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446291258
Permanent representative: Koen Strybos
KOBOS BV holds all the shares · Gazette deed
Amendment of the articles · Resignations & appointments
General meeting of 14-03-2024 · Gazette deed
1 director appointed, 4 resignations
Resignations: Sopet NV, Wolspin BV, Antipole BV and Kobos BV · Permanent representatives: Rudy Buysse, Sofie Buysse, Peter Buysse and Koen Strybos · Appointment: Kobos BV · General meeting of 31-01-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PentaS Zelzate | €1.6m | €0.7m | 33.4% | 10.1 |
| AMESCO Kinrooi | €1.2m | €0.8m | 53.7% | 9.4 |
| VEMATEC METAALBEWERKING Stekene | €1.6m | €1.0m | 40.1% | 11.3 |
| DURV Zottegem | €2.5m | €0.9m | 11.5% | 9.3 |
| Bartels Hekwerken Lanaken | €1.9m | €0.9m | 78.8% | 10 |
| CLADDING Peer | €1.4m | €0.9m | 41.6% | 10.5 |
| ETUDE CONCEPT INDUSTRIEL BOISDENGHIEN Ath | €1.2m | €0.7m | 39.2% | 9 |
These companies have the same main activity as PentaS: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €1.2m and €2.5m, founded between 1987 and 1996.
Official details
Source: KBO- Status
- Active since 31-12-1991Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 1 other
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.056.006.0609060 Zelzate, since 28-01-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €1.6m▲ 41.5%
- Employeeson 31-12-2025
- 10=
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on PentaS
PentaS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €526,214 and a net result of €143,755.
Equity has been stable since 2018 (±8% per year). Its solvency ranks better than 34% of 834 sector peers (NACE 25, financial year 2025).
The computed 12-month bankruptcy probability is 0.3% (very low).
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 PentaS
- What is the company number of PentaS?
- The company number of PentaS is 0446.291.258. The VAT number is the same number with BE in front: BE 0446.291.258.
- Where is PentaS based?
- The registered office is at Karnemelkstraat 2-4, 9060 Zelzate.Company details
- What does PentaS do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of PentaS?
- PentaS is a public limited company (NV).
- When was PentaS founded?
- PentaS was founded on 31-12-1991.
- Is PentaS still active?
- Yes, PentaS is an active enterprise in the KBO register.
- How many employees does PentaS have?
- PentaS had an average of 10.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PentaS fall under?
- In its 2025 annual accounts, PentaS states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of PentaS?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €698,796 and 2,275 comparable companies of the same size. It probably lies between €990,000 and €2.8m. It is a rough estimate.
- Is PentaS profitable?
- In financial year 2025, PentaS made a profit of €143,755.
- Where can I find the annual accounts of PentaS?
- PentaS filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PentaS due?
- PentaS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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