Losses
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
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Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
The micro format states no turnover.
Of this, €16,743 falls due within a year.
Five of the last ten came late. The 2021 accounts came latest: 36 days after the end of the period.
Lower solvency than 83% of companies in advertising and market research. Sector median 53.3% · 8,617 companies.
In July 2024, 1,037 companies had the same profile as PEPPER COM has now. Each dot stands for 3 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
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.
| 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 1,037 companies, not a prediction for PEPPER COM. 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.
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.
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| Company | ||||
|---|---|---|---|---|
| PEPPER COM Evere | €82,323 | €13,234 | 7.0% | - |
| MOONS & SUNS Puurs-Sint-Amands | €73,006 | €15,821 | 59.0% | - |
| e-boost Houthulst | €95,985 | €14,561 | -146.0% | - |
| KAPRO Antwerp | €73,414 | €14,264 | 93.1% | - |
| ROOM 6 Scherpenheuvel-Zichem | €101,370 | €12,570 | 82.4% | - |
| MB PUB Frasnes-lez-Anvaing | €80,613 | €12,380 | 85.6% | - |
| LEE BERG Erpe-Mere | €74,458 | €12,376 | 66.2% | - |
These companies have the same main activity as PEPPER COM: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €73,000 and €101,000, founded between 2004 and 2010.
PEPPER COM files the micro format. That format states no turnover. The gross margin rose from -€2,031 in 2008 to €13,234 in 2025.
The balance sheet grew most from 2013 to 2015 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €75,000. Estimated: probably between €40,000 and €150,000.
Higher than 17% of 8,617 companies in 2025.
Lower than 95% of 8,293 companies in 2025.
Higher than 22% of 8,402 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
82,323 | 93,313 | 133,372 | 162,045 | 221,853 | 214,091 | 236,881 | 203,415 | 223,416 | 260,450 | 294,956 | 51,962 | 48,459 | 9,177 | 8,771 | 16,071 | 20,000 | 23,242 | |
21/28 |
79,135 | 90,576 | 103,074 | 110,873 | 120,808 | 129,954 | 135,965 | 145,409 | 156,413 | 159,110 | 171,780 | 2,107 | 798 | 726 | 2,940 | 5,845 | 10,640 | 15,435 | |
22/27 |
78,935 | 90,376 | 102,874 | 110,673 | 120,608 | 129,754 | 135,730 | 145,174 | 156,178 | 159,075 | 160,945 | 2,072 | 763 | 691 | 2,905 | 5,810 | 10,605 | 15,400 | |
22 |
77,257 | 85,609 | 93,961 | 102,313 | 110,665 | 119,017 | 127,370 | 133,634 | 141,986 | 150,338 | 158,690 | - | - | - | - | - | - | - | |
24 |
983 | 3,534 | 6,235 | 4,144 | 6,192 | 9,695 | 7,120 | 10,151 | 12,605 | 6,951 | 2,255 | 2,072 | 763 | 691 | 2,905 | 5,810 | 10,605 | 15,400 | |
26 |
695 | 1,233 | 2,678 | 4,216 | 3,750 | 1,042 | 1,240 | 1,389 | 1,588 | 1,786 | - | - | - | - | - | - | - | - | |
28 |
200 | 200 | 200 | 200 | 200 | 200 | 235 | 235 | 235 | 35 | 10,835 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | |
29/58 |
3,188 | 2,737 | 30,298 | 51,172 | 101,045 | 84,136 | 100,915 | 58,006 | 67,003 | 101,340 | 123,176 | 49,855 | 47,661 | 8,451 | 5,831 | 10,226 | 9,360 | 7,807 | |
40/41 |
2,986 | 2,556 | 26,156 | 22,046 | 85,489 | 70,652 | 91,758 | 43,785 | 49,222 | 43,320 | 106,209 | 38,783 | 40,092 | 7,918 | 2,898 | 9,535 | 8,486 | 4,966 | |
40 |
220 | 511 | 17,566 | 10,969 | 71,750 | 58,576 | 79,651 | 28,051 | 39,332 | 32,740 | 106,193 | 35,926 | 40,092 | 6,726 | 2,898 | 9,535 | 8,486 | 3,781 | |
41 |
2,766 | 2,045 | 8,589 | 11,077 | 13,739 | 12,076 | 12,107 | 15,734 | 9,890 | 10,580 | 16 | 2,857 | - | 1,192 | - | - | - | 1,185 | |
54/58 |
6 | 6 | 4,065 | 29,126 | 15,556 | 12,595 | 7,998 | 12,741 | 17,077 | 56,886 | 16,967 | 11,072 | 7,495 | 265 | 2,552 | 21 | 874 | 2,841 | |
490/1 |
196 | 175 | 77 | - | 0 | 890 | 1,159 | 1,479 | 704 | 1,133 | - | - | 74 | 268 | 381 | 670 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
82,323 | 93,313 | 133,372 | 162,045 | 221,853 | 214,091 | 236,881 | 203,415 | 223,416 | 260,450 | 294,956 | 51,962 | 48,459 | 9,177 | 8,771 | 16,071 | 20,000 | 23,242 | |
10/15 |
5,760 | 7,078 | 19,042 | 31,403 | 34,843 | 28,043 | 32,949 | 30,999 | 32,756 | 33,141 | 49,726 | 10,985 | -4,496 | -9,570 | -9,458 | -8,661 | -8,844 | -4,839 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-2,300 | -982 | 10,982 | 23,343 | 26,783 | 19,983 | 24,889 | 22,939 | 24,696 | 25,081 | 41,666 | 2,925 | -10,696 | -15,770 | -15,658 | -14,861 | -15,044 | -11,039 | |
17/49 |
76,563 | 86,235 | 114,330 | 130,642 | 187,010 | 186,047 | 203,932 | 172,416 | 190,661 | 227,309 | 245,230 | 40,977 | 52,955 | 18,747 | 18,229 | 24,732 | 28,844 | 28,081 | |
17 |
59,820 | 71,444 | 84,751 | 95,743 | 104,442 | 114,849 | 119,959 | 129,935 | 139,648 | 149,097 | - | - | - | - | - | - | 2,503 | - | |
170/4 |
59,820 | 71,444 | 82,751 | 93,743 | 104,442 | 114,849 | 119,959 | 129,935 | 139,648 | 149,097 | - | - | - | - | - | - | 2,503 | - | |
178/9 |
- | 0 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
16,743 | 14,790 | 29,578 | 34,899 | 82,568 | 71,198 | 83,973 | 42,481 | 51,013 | 78,013 | 245,230 | 40,977 | 52,955 | 18,747 | 18,229 | 24,732 | 26,341 | 28,081 | |
42 |
11,624 | 11,307 | 10,992 | 10,699 | 10,407 | 10,123 | 9,976 | 9,713 | 9,448 | 9,191 | - | - | - | - | - | 2,503 | 2,848 | 9,329 | |
43 |
4,766 | 558 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
4,766 | 558 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
352 | 857 | 1,978 | 22,568 | 64,685 | 51,771 | 65,144 | 26,786 | 26,830 | 31,014 | 208,719 | 21,331 | 30,824 | 1,832 | 71 | 6,056 | 8,326 | 5,548 | |
440/4 |
352 | 857 | 1,978 | 22,568 | 64,685 | 51,771 | 65,144 | 26,786 | 26,830 | 31,014 | 208,719 | 21,331 | 30,824 | 1,832 | 71 | 6,056 | 8,326 | 5,548 | |
45 |
0 | 1,178 | 2,868 | 1,632 | 7,476 | 9,304 | 8,853 | 5,949 | 14,702 | 23,466 | 30,635 | 10,630 | 9,616 | - | 1,453 | 2,070 | 1,728 | - | |
450/3 |
0 | 1,178 | 2,868 | 1,632 | 5,501 | 9,304 | 6,878 | 5,949 | 12,927 | 21,346 | 26,951 | 10,630 | 9,616 | - | 1,453 | 670 | 1,528 | - | |
454/9 |
- | - | - | 0 | 1,975 | - | 1,975 | - | 1,775 | 2,120 | 3,683 | - | - | - | - | 1,400 | 200 | - | |
47/48 |
0 | 890 | 13,741 | - | - | - | - | 32 | 32 | 14,343 | 5,876 | 9,016 | 12,515 | 16,915 | 16,705 | 14,103 | 13,439 | 13,204 | |
492/3 |
- | - | - | - | - | - | - | - | - | 200 | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
9900 |
13,234 | 6,245 | 58,828 | 13,883 | 30,188 | 14,776 | 25,882 | 22,023 | 24,440 | 30,345 | 71,656 | 28,975 | 6,580 | 4,026 | 3,179 | 6,340 | 1,692 | -2,031 | |
630 |
11,441 | 12,498 | 12,016 | 11,632 | 12,593 | 13,395 | 10,669 | 15,778 | 14,847 | 12,789 | 10,152 | 1,490 | 547 | 3,245 | 2,905 | 4,795 | 4,795 | 5,790 | |
640/8 |
361 | 3,225 | 2,219 | 2,069 | 3,862 | 3,002 | 2,415 | 2,038 | 1,618 | 3,795 | 2,244 | 1,508 | 827 | 742 | 605 | 633 | 353 | 2,136 | |
9901 |
1,432 | -9,478 | 44,594 | 181 | 13,733 | -1,622 | 12,797 | 4,208 | 7,974 | 13,760 | 59,260 | 25,977 | 5,206 | 39 | -331 | 912 | -3,456 | -9,957 | |
75/76B |
68 | 337 | 212 | 890 | 835 | 1,146 | 997 | 1,167 | 1 | 1,049 | 5 | 17 | 2 | - | 1 | 1 | 6 | 3 | |
75 |
68 | 337 | 212 | 890 | 835 | 1,146 | 997 | 1,167 | 1 | 1,049 | 5 | 17 | 2 | - | 1 | 1 | 6 | 3 | |
65/66B |
2,818 | 2,823 | 57,167 | 3,487 | 3,626 | 3,940 | 4,347 | 5,172 | 5,312 | 5,451 | 1,307 | 511 | 134 | 151 | 467 | 730 | 555 | 1,085 | |
65 |
2,818 | 2,823 | 57,167 | 3,487 | 3,626 | 3,940 | 4,347 | 5,172 | 5,312 | 5,451 | 1,307 | 511 | 134 | 151 | 467 | 730 | 555 | 1,085 | |
9903 |
-1,318 | -11,964 | -12,361 | -2,416 | 10,942 | -4,416 | 9,447 | 203 | 2,663 | 9,358 | 57,957 | 25,483 | 5,074 | -112 | -797 | 183 | -4,005 | -11,039 | |
67/77 |
- | - | 0 | 1,024 | 4,143 | 489 | 7,497 | 1,960 | 3,049 | 5,453 | 19,215 | 10,002 | - | - | - | - | - | - | |
9904 |
-1,318 | -11,964 | -12,361 | -3,440 | 6,800 | -4,905 | 1,950 | -1,757 | -385 | 3,905 | 38,742 | 15,481 | 5,074 | -112 | -797 | 183 | -4,005 | -11,039 | |
9905 |
-1,318 | -11,964 | -12,361 | -3,440 | 6,800 | -4,905 | 1,950 | -1,757 | -385 | 3,905 | 38,742 | 15,481 | 5,074 | -112 | -797 | 183 | -4,005 | -11,039 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-2,300 | -982 | 10,982 | 23,343 | 26,783 | 19,983 | 24,889 | 22,939 | 24,696 | 45,571 | 41,666 | 4,785 | -10,696 | -15,770 | -15,658 | -14,861 | -15,044 | -11,039 | |
14P |
-982 | 10,982 | 23,343 | 26,783 | 19,983 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | 20,490 | - | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | 20,490 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 8 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 12-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-06-2026 | 2026-00175523 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00316822 | |
| 31-12-2023 | micro format | 27-07-2024 | 2024-00327357 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00421717 | |
| 31-12-2021 | micro format | 05-09-2022 | 2022-20412827 | |
| 31-12-2020 | micro format | 16-08-2021 | 2021-49100591 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-50100109 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-41000486 | |
| 31-12-2017 | micro format | 20-08-2018 | 2018-47300287 | |
| 31-12-2016 | micro format | 25-07-2017 | 2017-38700408 | |
| 31-12-2015 | full format | 22-08-2016 | 2016-45600036 | |
| 31-12-2014 | full format | 28-08-2015 | 2015-52100233 | |
| 31-12-2013 | full format | 23-06-2014 | 2014-20400440 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-55300176 | |
| 31-12-2011 | full format | 23-07-2012 | 2012-32800476 | |
| 31-12-2010 | full format | 21-06-2011 | 2011-18900453 | |
| 31-12-2009 | full format | 26-08-2010 | 2010-45900523 | |
| 31-12-2008 | full format | 20-08-2009 | 2009-61500248 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,873 | 3,020 | 56,609 | 11,814 | 26,326 | 11,773 | 23,466 | 19,986 | 22,822 | 26,550 | 69,412 | 27,467 | 5,753 | 3,284 | 2,574 | 5,707 | 1,339 | -4,167 | ||
| 10,123 | 534 | -345 | 8,193 | 19,393 | 8,490 | 12,619 | 14,021 | 14,462 | 16,694 | 48,894 | 16,971 | 5,621 | 3,133 | 2,108 | 4,978 | 790 | -5,249 | ||
| 0 | 0 | 4,217 | 1,697 | 3,447 | 13,843 | 1,226 | 4,773 | 12,150 | 10,920 | 179,825 | 2,799 | 619 | 1,031 | 0 | 0 | 0 | 21,225 | ||
| 0 | -4,059 | -25,061 | 13,570 | 2,961 | 4,597 | -4,743 | -4,336 | -39,809 | 39,919 | 5,895 | 3,577 | 7,230 | -2,287 | 2,531 | -853 | -1,967 | - | ||
| -13,555 | -12,054 | 720 | 16,273 | 18,477 | 12,938 | 16,943 | 15,525 | 15,990 | 23,327 | -122,054 | 8,878 | -5,294 | -10,296 | -12,398 | -14,506 | -16,981 | -20,274 | ||
| 7.0% | 7.6% | 14.3% | 19.4% | 15.7% | 13.1% | 13.9% | 15.2% | 14.7% | 12.7% | 16.9% | 21.1% | -9.3% | -104.3% | -107.8% | -53.9% | -44.2% | -20.8% | ||
| 0.19 | 0.19 | 1.02 | 1.47 | 1.22 | 1.18 | 1.20 | 1.37 | 1.31 | 1.30 | 0.50 | 1.22 | 0.90 | 0.45 | 0.32 | 0.41 | 0.36 | 0.28 | ||
| 13.29 | 12.18 | 6.00 | 4.16 | 5.37 | 6.63 | 6.19 | 5.56 | 5.82 | 6.86 | 4.93 | 3.73 | - | - | - | - | - | - | ||
| -22.9% | -169.0% | -64.9% | -11.0% | 19.5% | -17.5% | 5.9% | -5.7% | -1.2% | 11.8% | 77.9% | 140.9% | - | - | - | - | - | - | ||
| -1.6% | -12.8% | -9.3% | -2.1% | 3.1% | -2.3% | 0.8% | -0.9% | -0.2% | 1.5% | 13.1% | 29.8% | 10.5% | -1.2% | -9.1% | 1.1% | -20.0% | -47.5% | ||
| 4.57 | 1.07 | 0.99 | 3.39 | 7.26 | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €4,217 | €1,697 | €3,447 |
| Financial fixed assets | €0 | - | - | - | - |
| €11,441 | €12,498 | €12,016 | €11,632 | €12,593 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €1,432, after a loss of €9,478 in 2024.
Debt's share of the balance-sheet total rises from 92.4% to 93.0%. Equity and debt are lower.
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PEPPER COM has no parent and no holdings in its annual accounts. is the only director. PEPPER COM shares no director with another company.
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| RANDY
registered office since 08-04-2002 · founded in 2000 · negative equity (2025) |
total assets €125,265 (2025) 0472.696.935 |
| MAJUA Consult
registered office since 02-10-2022 · founded in 2022 · negative equity (2025) |
total assets €45,286 (2025) 0791.711.228 |
| Altoe, Marie (sole trader)
establishment since 01-04-2021 |
founded in 2016 0644.428.507 |
| QuieroBailar
registered office since 13-11-2019 |
founded in 2019 0737.635.510 |
| Boseret, Marie (sole trader)
establishment since 09-02-2016 |
founded in 2016 0647.940.006 |
Deadline for the 2026 accounts: 31-07-2027
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Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Arnold Sohiestraat 12 registered office 1140 Evere | ||
| Kartuizersstraat 48 1000 Brussels 62200 Computer consultancy and computer facilities management | 19-11-2007 | 2.166.432.741 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21811M0896/00M000 ProtectedMonumentOverblijfselen van de eerste stadsomwalling van Brussel in het gebouw AuxipressSource ↗ | 574 m² | 1 · 568 m² | 23.8 m · 7 |
| 21006A0175/00K003 | 123 m² | 1 · 60 m² | 8.1 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
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