PEPS
ActiveSummary
PEPS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of -€101,149. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-8
Solvency76▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 48.3% and cash: 0% of total assets), and 48.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
51.3%
Return on assets
-1.8%
Age of the figures
9 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
28 d early
2022
24 d early
2021
25 d early
2020
18 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?SEPARCO · 15 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
2019 · €0
EBIT margin
Not included in this filing
Net result
-€101,149
2024 · €267,862
Working capital
-€2.7m▼ 4.1%
2024 · -€2.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€12,892▼ 74.8%-€6,217▲ 51.8%-€5,365▲ 13.7%-€5,117▲ 4.6%-€5,970▼ 16.7%
Net result-€64,345€2.4m€731,099▼ 70.2%€267,862▼ 63.4%-€101,149
Equity€2.7m▼ 2.3%€2.7m▼ 1.8%€2.7m▲ 1.2%€3.0m▲ 9.8%€2.9m▼ 3.4%
Total assets€5.6m▼ 6.1%€5.9m▲ 5.0%€5.8m▼ 2.4%€5.6m▼ 2.5%€5.6m=
Debt€2.9m▼ 9.6%€3.2m▲ 11.5%€3.0m▼ 5.4%€2.6m▼ 13.5%€2.7m▲ 3.8%
Working capital-€2.2m▼ 8.5%-€2.6m▼ 21.5%-€2.9m▼ 9.6%-€2.6m▲ 9.4%-€2.7m▼ 4.1%
Staff (FTE)
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,970 in 2025 against €5,117 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.6m
Fixed assets
€5.6m =
Current assets
€1,509 ▲ 114%
Equity and liabilities €5.6m
Equity
€2.9m ▼ 3.4%
Debt
€2.7m ▲ 3.8%
Debt's share of the balance-sheet total rises from 46.9% to 48.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,511▼
2024 · -€4,630
Cash flow
-€100,690▼
2024 · €268,348
Current ratio
0.00▲
2024 · 0.00
Debt to equity
0.95▲
2024 · 0.88
ROE
-3.5%▼
2024 · 9.0%
ROA
-1.8%▼
2024 · 4.8%
Interest coverage
-0.06▼
2024 · -0.04
Debt ≤ 1 year
€2.7m▲
2024 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | €12,892 | €6,217 | €5,365 | €5,117 | €5,970 | ▲ 16.7% |
| Services and other goods61 | €2,959 | €3,207 | €3,450 | €3,184 | €3,816 | ▲ 19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,251 | €1,460 | €486 | €486 | €459 | ▼ 5.6% |
| Other operating charges640/8 | €2,122 | €1,549 | €1,429 | €1,446 | €1,694 | ▲ 17.2% |
| Non-recurring operating charges66A | €6,560 | - | - | - | - | - |
| Operating profit (loss)9901 | -€12,892 | -€6,217 | -€5,365 | -€5,117 | -€5,970 | ▼ 16.7% |
| Financial income75/76B | - | €2.5m | €798,610 | €397,531 | - | - |
| Recurring financial income75 | - | €2.5m | €798,610 | €397,531 | - | - |
| Income from financial fixed assets750 | - | €2.5m | €795,062 | €397,531 | - | - |
| Income from current assets751 | - | €5,134 | €3,548 | - | - | - |
| Financial charges65/66B | €51,453 | €33,758 | €62,146 | €124,552 | €95,179 | ▼ 23.6% |
| Recurring financial charges65 | €51,453 | €33,758 | €62,146 | €124,552 | €95,179 | ▼ 23.6% |
| Debt charges650 | €50,905 | €33,311 | €61,699 | €124,090 | €94,702 | ▼ 23.7% |
| Other financial charges652/9 | €548 | €447 | €447 | €462 | €477 | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | -€64,345 | €2.4m | €731,099 | €267,862 | -€101,149 | ▼ 138% |
| Profit (loss) for the period9904 | -€64,345 | €2.4m | €731,099 | €267,862 | -€101,149 | ▼ 138% |
| Profit (loss) for the period to be appropriated9905 | -€64,345 | €2.4m | €731,099 | €267,862 | -€101,149 | ▼ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.6m | €5.9m | €5.8m | €5.6m | €5.6m | = |
| Formation expenses20 | €3,121 | €1,660 | €1,174 | €688 | €228 | ▼ 66.8% |
| Fixed assets21/28 | €5.6m | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Tangible fixed assets22/27 | €1 | €1 | €1 | €1 | - | - |
| Furniture and vehicles24 | - | - | €1 | €1 | - | - |
| Other tangible fixed assets26 | €1 | €1 | - | - | - | - |
| Financial fixed assets28 | €5.6m | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Affiliated companies280/1 | €5.6m | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Participating interests280 | €5.6m | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Current assets29/58 | €1,871 | €286,352 | €142,725 | €706 | €1,509 | ▲ 114% |
| Amounts receivable within one year40/41 | - | €279,568 | - | - | - | - |
| Other amounts receivable41 | - | €279,568 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,871 | €3,540 | €142,725 | €706 | €1,509 | ▲ 114% |
| Deferred charges and accrued income490/1 | - | €3,244 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.6m | €5.9m | €5.8m | €5.6m | €5.6m | = |
| Equity10/15 | €2.7m | €2.7m | €2.7m | €3.0m | €2.9m | ▼ 3.4% |
| Contributions10/11 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Capital10 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Issued capital100 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Reserves13 | €36,531 | €159,017 | €195,572 | €208,965 | €208,965 | = |
| Non-distributable reserves130/1 | €36,531 | €159,017 | €195,572 | €208,965 | €208,965 | = |
| Legal reserve130 | €36,531 | €159,017 | €195,572 | €208,965 | €208,965 | = |
| Profit (loss) carried forward14 | €568,542 | €395,783 | €390,327 | €644,796 | €543,647 | ▼ 15.7% |
| Amounts payable17/49 | €2.9m | €3.2m | €3.0m | €2.6m | €2.7m | ▲ 3.8% |
| Amounts payable after more than one year17 | €720,340 | €311,467 | - | - | - | - |
| Financial debts170/4 | €720,340 | €311,467 | - | - | - | - |
| Credit institutions173 | €720,340 | €311,467 | - | - | - | - |
| Amounts payable within one year42/48 | €2.2m | €2.9m | €3.0m | €2.6m | €2.7m | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | €401,657 | €408,873 | €311,467 | - | - | - |
| Trade debts44 | €3,645 | €2,916 | €2,150 | €1,880 | €1,919 | ▲ 2.1% |
| Suppliers440/4 | €3,645 | €2,916 | €2,150 | €1,880 | €1,919 | ▲ 2.1% |
| Other amounts payable47/48 | €1.8m | €2.5m | €2.7m | €2.6m | €2.7m | ▲ 4.1% |
| Accrued charges and deferred income492/3 | €6,629 | €310 | €27,366 | €30,457 | €23,910 | ▼ 21.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€64,345 | €2.4m | €731,099 | €267,862 | -€101,149 | ▼ 138% |
| + Depreciation and write-downs630 | €1,251 | €1,460 | €486 | €486 | €459 | ▼ 5.6% |
| Operating cash flow (approximation) | -€63,094 | €2.5m | €731,585 | €268,348 | -€100,690 | ▼ 138% |
| Investment in fixed assets (approximation) | - | -€1,460 | -€486 | -€486 | -€458 | ▲ 5.8% |
| Change in cash | - | €1,670 | €139,185 | -€142,019 | €803 | ▲ 101% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€101,149
Net result drops to -€101,149, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €2.4m
Net result €2.4m after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €723,783
Net result €723,783 after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Antwerpen
Ground area
1,363 m²
Parcel 11815A0430/00D000, Flanders. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11815A0430/00D000 | Flanders | 1,363 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
SEPARCO
15 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
Highest known parent: SEPARCO. The sources do not say who stands above it.
Owners 1
- SELECT GROUPparent100%
Holdings 1
-
99.38%
According to the 2025 annual accounts of PEPS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded05-01-2018
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687591824
Also
9925:BE0687591824
Registered
13-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.