PEPE MANAGEMENT
ActiveSummary
PEPE MANAGEMENT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-169k) and a net result of €-41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.37 in 2024; short-term debt: 257.7% and cash: 4.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-157.7%
Return on assets
-38%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-169k
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
31 d late
2023
27 d late
2022
31 d late
2021
40 d late
2020
9 d late
2019
26 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-169k▼ 31.8%
2024 · €-128k
2018: €91khighest in 8 years
2019: €52k▼ -43.0% vs 2018
2020: €65k▲ +24.8% vs 2019
2021: €48k▼ -26.1% vs 2020
2022: €33k▼ -31.7% vs 2021
2023: €-46k▼ -241% vs 2022
2024: €-128k▼ -177% vs 2023
2025: €-169k▼ -31.8% vs 2024lowest in 8 years
2018 → 2025
Total assets
€107k▼ 37.4%
2024 · €171k
2018: €298khighest in 8 years
2019: €243k▼ -18.4% vs 2018
2020: €195k▼ -19.9% vs 2019
2021: €188k▼ -3.5% vs 2020
2022: €212k▲ +12.8% vs 2021
2023: €180k▼ -15.2% vs 2022
2024: €171k▼ -5.0% vs 2023
2025: €107k▼ -37.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€-41k▲ 50.3%
2024 · €-82k
2018: €14khighest in 8 years
2019: €-39k▼ -389% vs 2018
2020: €13k▲ +133% vs 2019
2021: €-17k▼ -231% vs 2020
2022: €-15k▲ +10.3% vs 2021
2023: €-79k▼ -421% vs 2022
2024: €-82k▼ -3.8% vs 2023lowest in 8 years
2025: €-41k▲ +50.3% vs 2024
2018 → 2025
Working capital
€-223k▼ 18.9%
2024 · €-188k
2018: €-101k
2019: €-28k▲ +72.5% vs 2018
2020: €8k▲ +128% vs 2019highest in 8 years
2021: €-31k▼ -488% vs 2020
2022: €-27k▲ +11.9% vs 2021
2023: €-91k▼ -237% vs 2022
2024: €-188k▼ -106% vs 2023
2025: €-223k▼ -18.9% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€33k▼ 31.7%€-46k€-128k▼ 177%€-169k▼ 31.8%
2021: €48khighest in 5 years
2022: €33k▼ -31.7% vs 2021
2023: €-46k▼ -241% vs 2022
2024: €-128k▼ -177% vs 2023
2025: €-169k▼ -31.8% vs 2024lowest in 5 years
Operating result€-14k-€-12k▲ 15.0%€-78k▼ 558%€-81k▼ 3.2%€-40k▲ 50.8%
2021: €-14k
2022: €-12k▲ +15.0% vs 2021highest in 5 years
2023: €-78k▼ -558% vs 2022
2024: €-81k▼ -3.2% vs 2023lowest in 5 years
2025: €-40k▲ +50.8% vs 2024
Net result€-17k-€-15k▲ 10.3%€-79k▼ 421%€-82k▼ 3.8%€-41k▲ 50.3%
2021: €-17k
2022: €-15k▲ +10.3% vs 2021highest in 5 years
2023: €-79k▼ -421% vs 2022
2024: €-82k▼ -3.8% vs 2023lowest in 5 years
2025: €-41k▲ +50.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €40k in 2025 against €81k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€55k ▼ 8.7%
Current assets
€52k ▼ 52.9%
Key figures and ratios
EBITDA
€-29k▲
2024 · €-70k
Cash flow
€-30k▲
2024 · €-71k
Solvency
-157.7%▼
2024 · -74.9%
Current ratio
0.19▼
2024 · 0.37
Quick ratio
0.04▼
2024 · 0.16
Debt to equity
-1.63▲
2024 · -2.33
ROA
-38.0%▲
2024 · -47.9%
Interest coverage
-33.35▲
2024 · -66.81
Debt
€275k▼
2024 · €299k
Debt ≤ 1 year
€275k▼
2024 · €299k
Income taxes
€0▲
2024 · €0
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€171k€107k▼
Fixed assets21/28€60k€55k▼
Tangible fixed assets22/27€59k€54k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€21k€24k▲
Other tangible fixed assets26€31k€26k▼
Financial fixed assets28€500€500=
Current assets29/58€111k€52k▼
Stocks and contracts in progress3€63k€42k▼
Stocks30/36€63k€42k▼
Amounts receivable within one year40/41€44k€5k▼
Trade receivables40€28k€5k▼
Other amounts receivable41€17k-
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€368€889▲
Equity and liabilities
Total equity and liabilities10/49€171k€107k▼
Equity10/15€-128k€-169k▼
Contributions10/11€6k€6k=
Reserves13€27k€27k=
Distributable reserves133€27k€27k=
Profit (loss) carried forward14€-161k€-201k▼
Amounts payable17/49€299k€275k▼
Amounts payable within one year42/48€299k€275k▼
Trade debts44-€4k
Suppliers440/4-€4k
Taxes, remuneration and social security45-€8k
Taxes450/3-€8k
Other amounts payable47/48€299k€263k▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€18k▲
Other operating charges640/8€757€400▼
Gross operating margin9900€-60k€-11k▲
Operating profit (loss)9901€-81k€-40k▲
Financial income75/76B€115€1▼
Recurring financial income75€115€1▼
Financial charges65/66B€1k€869▼
Recurring financial charges65€1k€869▼
Profit (loss) for the period before taxes9903€-82k€-41k▲
Income taxes67/77€0€0▲
Profit (loss) for the period9904€-82k€-41k▲
Profit (loss) for the period to be appropriated9905€-82k€-41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-161k€-201k▼
Profit (loss) brought forward from the previous period14P€-79k€-161k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €25k | €9k | €10k | €11k | ▲ 3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10k | €18k | ▲ 84.2% |
| Other operating charges640/8 | €503 | €775 | €557 | €757 | €400 | ▼ 47.2% |
| Non-recurring operating charges66A | €1k | - | - | - | - | - |
| Gross operating margin9900 | €13k | €14k | €-68k | €-60k | €-11k | ▲ 81.9% |
| Operating profit (loss)9901 | €-14k | €-12k | €-78k | €-81k | €-40k | ▲ 50.8% |
| Financial income75/76B | €509 | - | €128 | €115 | €1 | ▼ 99.5% |
| Recurring financial income75 | €509 | - | €128 | €115 | €1 | ▼ 99.5% |
| Financial charges65/66B | €3k | €3k | €576 | €1k | €869 | ▼ 17.6% |
| Recurring financial charges65 | €3k | €3k | €576 | €1k | €869 | ▼ 17.6% |
| Profit (loss) for the period before taxes9903 | €-17k | €-15k | €-79k | €-82k | €-41k | ▲ 50.3% |
| Income taxes67/77 | - | - | - | €0 | €0 | ▲ 100% |
| Profit (loss) for the period9904 | €-17k | €-15k | €-79k | €-82k | €-41k | ▲ 50.3% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €-15k | €-79k | €-82k | €-41k | ▲ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €188k | €212k | €180k | €171k | €107k | ▼ 37.4% |
| Fixed assets21/28 | €78k | €60k | €52k | €60k | €55k | ▼ 8.7% |
| Intangible fixed assets21 | €343 | €146 | €0 | - | - | - |
| Tangible fixed assets22/27 | €78k | €59k | €52k | €59k | €54k | ▼ 8.7% |
| Plant, machinery and equipment23 | €17k | €13k | €10k | €7k | €4k | ▼ 38.1% |
| Furniture and vehicles24 | €29k | €26k | €25k | €21k | €24k | ▲ 10.2% |
| Other tangible fixed assets26 | €32k | €20k | €17k | €31k | €26k | ▼ 15.1% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €109k | €152k | €127k | €111k | €52k | ▼ 52.9% |
| Stocks and contracts in progress3 | €85k | €92k | €95k | €63k | €42k | ▼ 33.7% |
| Stocks30/36 | €85k | €92k | €95k | €63k | €42k | ▼ 33.7% |
| Amounts receivable within one year40/41 | €2k | €1k | €27k | €44k | €5k | ▼ 88.1% |
| Trade receivables40 | - | - | €27k | €28k | €5k | ▼ 81.0% |
| Other amounts receivable41 | €2k | €1k | - | €17k | - | - |
| Cash at bank and in hand54/58 | €22k | €58k | €5k | €3k | €4k | ▲ 31.1% |
| Deferred charges and accrued income490/1 | €336 | €824 | €560 | €368 | €889 | ▲ 142% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €188k | €212k | €180k | €171k | €107k | ▼ 37.4% |
| Equity10/15 | €48k | €33k | €-46k | €-128k | €-169k | ▼ 31.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €33k | €27k | €27k | €27k | €27k | = |
| Distributable reserves133 | €33k | €27k | €27k | €27k | €27k | = |
| Profit (loss) carried forward14 | €15k | €-184 | €-79k | €-161k | €-201k | ▼ 25.3% |
| Amounts payable17/49 | €140k | €179k | €226k | €299k | €275k | ▼ 7.8% |
| Amounts payable within one year42/48 | €140k | €179k | €218k | €299k | €275k | ▼ 7.8% |
| Trade debts44 | €21k | €25k | €5k | - | €4k | - |
| Suppliers440/4 | €21k | €25k | €5k | - | €4k | - |
| Taxes, remuneration and social security45 | €3k | - | €137 | - | €8k | - |
| Taxes450/3 | €3k | - | €137 | - | €8k | - |
| Other amounts payable47/48 | €116k | €154k | €213k | €299k | €263k | ▼ 11.8% |
| Accrued charges and deferred income492/3 | - | - | €7k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €-15k | €-79k | €-82k | €-41k | ▲ 50.3% |
| + Depreciation and write-downs630 | €25k | €25k | €9k | €10k | €11k | ▲ 3.5% |
| Operating cash flow (approximation) | €8k | €10k | €-69k | €-71k | €-30k | ▲ 58.2% |
| Investment in fixed assets (approximation) | - | €-6k | €-2k | €-18k | €-6k | ▲ 68.5% |
| Change in cash | - | €36k | €-53k | €-2k | €1k | ▲ 167% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 11 days late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Kalmthout · 1 establishment unit since 2002
Ground area
1.3 ha
Building footprint
669 m²
Volume, LiDAR
3,278 m³
2 parcels, Flanders · tallest building 17.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Duinendreef 3, 2950 Kapellen
since 20022.114.352.055
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0179/00C002 | Flanders | 1.2 ha | 1 · 572 m² | 10.2 m · 2 fl. |
| 11022F0007/00C023 | Flanders | 1,183 m² | 1 · 97 m² | 17.6 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 35,089 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-04-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47722Retail trade
85510Sports and recreation education
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.