Peppy
ActiveThe computed 12-month bankruptcy probability of Peppy is 1.6% (moderate). The 2025 annual accounts show equity of €13k and a net result of €850. Equity is shrinking by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 13009 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability34▲+34
Solvency7=
Growth32=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.54 against 0.59 in 2024), and 90.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.6%
Return on assets
0.6%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
6 d early
2024
33 d early
2023
22 d early
2022
34 d early
2021
81 d early
2020
37 d early
2019
44 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▲ 7.2%
2024 · €12k
2018: €144k
2019: €169k
2020: €97k
2021: €41k
2022: €40k
2023: €20k
2024: €12k
2018 → 2025
Total assets
€132k▼ 22.2%
2024 · €170k
2018: €427k
2019: €397k
2020: €292k
2021: €410k
2022: €285k
2023: €226k
2024: €170k
2018 → 2025
Net result
€850
2024 · €-8k
2018: €63k
2019: €24k
2020: €56k
2021: €137k
2022: €122k
2023: €15k
2024: €-8k
2018 → 2025
Working capital
€-55k▲ 7.5%
2024 · €-60k
2018: €181k
2019: €131k
2020: €15k
2021: €-38k
2022: €-31k
2023: €-55k
2024: €-60k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€40k▼ 1.1%€20k▼ 50.5%€12k▼ 40.9%€13k▲ 7.2%
Operating result€171k-€170k▼ 0.9%€28k▼ 83.6%€6k▼ 80.1%€9k▲ 63.2%
Net result€137k-€122k▼ 11.6%€15k▼ 88.0%€-8k€850
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 63% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132k
Fixed assets
€68k▼ 20.1%
Current assets
€64k▼ 24.3%
Equity and liabilities €132k
Equity
€13k▲ 7.2%
Debt
€120k▼ 24.4%
The debt ratio falls from 93.1% to 90.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€36k▲
2024 · €32k
Cash flow
€28k▲
2024 · €18k
Solvency
9.6%▲
2024 · 6.9%
Current ratio
0.54▼
2024 · 0.59
Quick ratio
0.44▼
2024 · 0.51
Debt / equity
9.46▼
2024 · 13.41
ROE
6.7%▲
2024 · -69.1%
ROA
0.6%▲
2024 · -4.8%
Interest coverage
5.70▲
2024 · 5.27
Debt
€120k▼
2024 · €158k
Debt ≤ 1 year
€120k▼
2024 · €145k
Debt > 1 year
€0▼
2024 · €13k
Income taxes
€2k▼
2024 · €8k
Staff costs
€196k▲
2024 · €180k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€170k€132k▼
Fixed assets21/28€85k€68k▼
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€76k€60k▼
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€12k€12k▲
Leasing and similar rights25€5k€1k▼
Other tangible fixed assets26€55k€42k▼
Financial fixed assets28€5k€5k=
Current assets29/58€85k€64k▼
Stocks and contracts in progress3€11k€12k▲
Stocks30/36€11k€12k▲
Amounts receivable within one year40/41€20k€13k▼
Trade receivables40€14k€5k▼
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€50k€36k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€170k€132k▼
Equity10/15€12k€13k▲
Profit (loss) carried forward14€12k€13k▲
Amounts payable17/49€158k€120k▼
Amounts payable after more than one year17€13k€0▼
Financial debts170/4€13k€0▼
Amounts payable within one year42/48€145k€120k▼
Current portion of amounts payable after more than one year42€23k€20k▼
Trade debts44€35k€28k▼
Suppliers440/4€35k€28k▼
Taxes, remuneration and social security45€16k€18k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€13k€14k▲
Other amounts payable47/48€71k€54k▼
Income statement
Code20242025
Remuneration, social security and pensions62€180k€196k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k▲
Other operating charges640/8€775€1k▲
Gross operating margin9900€213k€233k▲
Operating profit (loss)9901€6k€9k▲
Financial income75/76B€239€285▲
Recurring financial income75€239€285▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€-313€3k▲
Income taxes67/77€8k€2k▼
Profit (loss) for the period9904€-8k€850▲
Transfer from tax-exempt reserves789€19k€0▼
Profit (loss) for the period to be appropriated9905€11k€850▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€13k▲
Profit (loss) brought forward from the previous period14P€1k€12k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €850
Net result €850 after one loss-making year.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-8k ▼156%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €137k ▲143%
Operating result €171k, net result €137k, both a record.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €150kEq €169k ▲16.8%
2 profitable years in a row build equity to €169k.
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lokeren · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentse Steenweg 1369160 LokerenGround area
4.1 ha
Building footprint
2.9 ha
Volume, LiDAR
213,770 m³
Parcel 46383D1240/00W000, Flanders · tallest building 21.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Raam, Raam Food en Resto Raam
since 20152.246.826.539
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D1240/00W000 | Flanders | 4.1 ha | 1 · 2.9 ha | 21.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,308. 7,616 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-10-2015
Fiscal year end30-09
Trade name NL
Raam, Raam Food en Resto Raam
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
77223Rental and leasing activities
82300Organisation of conventions and trade shows
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.