PETER HAEGEMAN

Active

Private limited companyfounded 20196 yrs activeBruisbeke 34, 9520 Sint-Lievens-Houtem, BelgiumKBO/BCE: BE 0735.784.887

The computed 12-month bankruptcy probability of PETER HAEGEMAN is 2.8% (moderate). The 2024 annual accounts show equity of €50k and a net result of €-879. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 36377 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

78 / 100

Excellent▲ +26 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency100=

Growth32=

Stability100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 6.05 against 5.59 in 2023), and 15.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

84.6%

Return on assets

-1.5%

Age of the figures

20 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

2021222324

2020 to 2024 · latest year -€879

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

41 d early

2023

49 d early

2022

49 d early

2021

33 d early

2020

45 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€50k▼ 1.7%

2023 · €50k

2020: €57k 2021: €66k 2022: €68k 2023: €50k

2020 → 2024

Total assets

€59k▼ 8.6%

2023 · €64k

2020: €99k 2021: €106k 2022: €93k 2023: €64k

2020 → 2024

Net result

€-879▲ 94.9%

2023 · €-17k

2020: €50k 2021: €9k 2022: €1k 2023: €-17k

2020 → 2024

Working capital

€46k▲ 1.6%

2023 · €45k

2020: €52k 2021: €60k 2022: €62k 2023: €45k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€57k-€66k▲ 15.8%€68k▲ 2.1%€50k▼ 25.5%€50k▼ 1.7%

Operating result€63k-€12k▼ 80.8%€3k▼ 74.6%€-16k€340

Net result€50k-€9k▼ 81.8%€1k▼ 84.5%€-17k€-879▲ 94.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €340 after a loss of €16k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €59k

93.4%

Fixed assets €4k▼ 58.9%

Current assets €55k▼ 0.1%

Equity and liabilities €59k

84.6%

15.4%

Equity €50k▼ 1.7%

Debt €9k▼ 34.0%

The debt ratio falls from 21.4% to 15.4%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€6k▲

2023 · €-11k

Cash flow

€5k▲

2023 · €-12k

Solvency

84.6%▲

2023 · 78.6%

Current ratio

6.05▲

2023 · 5.59

Quick ratio

6.05▲

2023 · 5.59

Debt / equity

0.18▼

2023 · 0.27

ROE

-1.8%▲

2023 · -34.2%

ROA

-1.5%▲

2023 · -26.9%

Interest coverage

5.95▲

2023 · -10.90

Debt

€9k▼

2023 · €14k

Debt ≤ 1 year

€9k▼

2023 · €10k

Income taxes

€305

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€64k€59k▼

Formation expenses20-€0

Fixed assets21/28€9k€4k▼

Tangible fixed assets22/27€9k€4k▼

Plant, machinery and equipment23€716€429▼

Furniture and vehicles24€9k€3k▼

Current assets29/58€55k€55k▼

Amounts receivable within one year40/41€11k€21k▲

Trade receivables40€10k€18k▲

Other amounts receivable41€1k€3k▲

Cash at bank and in hand54/58€43k€33k▼

Deferred charges and accrued income490/1€797€794▼

Equity and liabilities

Total equity and liabilities10/49€64k€59k▼

Equity10/15€50k€50k▼

Contributions10/11€8k€8k=

Reserves13€43k€42k▼

Distributable reserves133€43k€42k▼

Amounts payable17/49€14k€9k▼

Amounts payable after more than one year17€4k-

Financial debts170/4€4k-

Amounts payable within one year42/48€10k€9k▼

Current portion of amounts payable after more than one year42€5k€4k▼

Trade debts44€3k€4k▲

Suppliers440/4€3k€4k▲

Taxes, remuneration and social security45€696€2k▲

Taxes450/3€696€2k▲

Other amounts payable47/48€580-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=

Other operating charges640/8€1k€1k▲

Gross operating margin9900€-10k€7k▲

Operating profit (loss)9901€-16k€340▲

Financial income75/76B€2€68▲

Recurring financial income75€2€68▲

Financial charges65/66B€986€982▼

Recurring financial charges65€986€982▼

Profit (loss) for the period before taxes9903€-17k€-574▲

Income taxes67/77-€305

Profit (loss) for the period9904€-17k€-879▲

Profit (loss) for the period to be appropriated9905€-17k€-879▲

Appropriation of the result

Profit (loss) to be appropriated9906€-17k€-879▲

Transfer from equity791/2€17k€879▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

2025

20-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

12-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-17k ▼1324%

Net result drops to €-17k, the lowest in the series; recovery starts the following year.

12-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

28-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

16-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Sint-Lievens-Houtem · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Bruisbeke 349520 Sint-Lievens-Houtem

Ground area

630 m²

Building footprint

135 m²

Volume, LiDAR

1,124 m³