Petrel
ActiveSummary
Petrel has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-11k) and a net result of €15k. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-1
Solvency19▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.86 against 0.74 in 2023; short-term debt: 106.3% and cash: 11.6% of total assets), and equity is negative.
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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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-6.3%
Return on assets
8.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
on the day
2022
39 d late
2021
52 d late
2020
60 d late
2019
199 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-11k▲ 56.3%
2023 · €-26k
Total assets
€181k▲ 28.7%
2023 · €141k
Net result
€15k▲ 15.3%
2023 · €13k
Working capital
€-26k▲ 39.7%
2023 · €-43k
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
Line20202021202220232024
Operating result€-49k▲ 11.9%€37k€4k▼ 90.4%€19k▲ 433%€12k▼ 39.9%
Net result€-50k▲ 11.4%€36k€12k▼ 67.1%€13k▲ 6.3%€15k▲ 15.3%
Equity€-87k▼ 133%€-51k▲ 41.8%€-39k▲ 23.6%€-26k▲ 32.8%€-11k▲ 56.3%
Total assets€15k▼ 35.4%€87k▲ 496%€106k▲ 22.5%€141k▲ 32.7%€181k▲ 28.7%
Debt€102k▲ 69.5%€137k▲ 35.1%€145k▲ 5.4%€167k▲ 15.1%€192k▲ 15.4%
Working capital€-98k▼ 82.9%€-60k▲ 38.8%€-63k▼ 5.5%€-43k▲ 31.4%€-26k▲ 39.7%
Staff (FTE)4.14.4▲ 7.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €181k
Fixed assets
€15k ▼ 14.7%
Current assets
€166k ▲ 34.8%
Key figures and ratios
EBITDA
€14k▼
2023 · €22k
Cash flow
€17k▲
2023 · €16k
Solvency
-6.3%▲
2023 · -18.5%
Current ratio
0.86▲
2023 · 0.74
Quick ratio
0.82▲
2023 · 0.68
Debt to equity
-16.91▼
2023 · -6.40
ROA
8.1%▼
2023 · 9.0%
Interest coverage
11.38▼
2023 · 17.89
Debt ≤ 1 year
€192k▲
2023 · €167k
Income taxes
€140▼
2023 · €333
Staff costs
€63k▲
2023 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €4k | - | - | - |
| Remuneration, social security and pensions62 | - | €39k | €45k | €58k | €63k | ▲ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €5k | €3k | €3k | ▼ 9.5% |
| Other operating charges640/8 | - | €5k | €4k | €12k | €2k | ▼ 82.1% |
| Non-recurring operating charges66A | - | - | €2k | - | - | - |
| Gross operating margin9900 | €-8k | €83k | €59k | €92k | €80k | ▼ 13.5% |
| Operating profit (loss)9901 | €-49k | €37k | €4k | €19k | €12k | ▼ 39.9% |
| Financial income75/76B | - | €6 | €10k | €1 | €5k | ▲ 935,096% |
| Recurring financial income75 | €112 | €6 | €10k | €1 | €97 | ▲ 16,877% |
| Non-recurring financial income76B | - | - | - | - | €5k | - |
| Financial charges65/66B | - | €674 | €1k | €6k | €2k | ▼ 66.4% |
| Recurring financial charges65 | €686 | €674 | €1k | €1k | €1k | ▲ 0.7% |
| Non-recurring financial charges66B | - | - | - | €5k | €823 | ▼ 83.2% |
| Profit (loss) for the period before taxes9903 | €-49k | €37k | €12k | €13k | €15k | ▲ 13.5% |
| Income taxes67/77 | €228 | €270 | €312 | €333 | €140 | ▼ 58.1% |
| Profit (loss) for the period9904 | €-50k | €36k | €12k | €13k | €15k | ▲ 15.3% |
| Profit (loss) for the period to be appropriated9905 | €-50k | €36k | €12k | €13k | €15k | ▲ 15.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15k | €87k | €106k | €141k | €181k | ▲ 28.7% |
| Fixed assets21/28 | €11k | €9k | €25k | €17k | €15k | ▼ 14.7% |
| Tangible fixed assets22/27 | €5k | €3k | €18k | €11k | €8k | ▼ 23.1% |
| Plant, machinery and equipment23 | - | - | €2k | €11k | €8k | ▼ 23.1% |
| Furniture and vehicles24 | - | - | €14k | - | - | - |
| Other tangible fixed assets26 | - | €3k | €1k | - | - | - |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €6k | = |
| Current assets29/58 | €4k | €77k | €81k | €123k | €166k | ▲ 34.8% |
| Stocks and contracts in progress3 | - | - | - | €9k | €8k | ▼ 20.1% |
| Stocks30/36 | - | - | - | €9k | €8k | ▼ 20.1% |
| Amounts receivable within one year40/41 | €933 | €51k | €33k | €71k | €99k | ▲ 39.0% |
| Trade receivables40 | - | €17k | €31k | €15k | €82k | ▲ 457% |
| Other amounts receivable41 | - | €34k | €2k | €56k | €16k | ▼ 71.2% |
| Current investments50/53 | - | - | €30k | €30k | €37k | ▲ 23.9% |
| Cash at bank and in hand54/58 | €3k | €26k | €18k | €13k | €21k | ▲ 67.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15k | €87k | €106k | €141k | €181k | ▲ 28.7% |
| Equity10/15 | €-87k | €-51k | €-39k | €-26k | €-11k | ▲ 56.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-106k | €-69k | €-57k | €-45k | €-30k | ▲ 32.9% |
| Amounts payable17/49 | €102k | €137k | €145k | €167k | €192k | ▲ 15.4% |
| Amounts payable within one year42/48 | €102k | €137k | €145k | €167k | €192k | ▲ 15.4% |
| Financial debts43 | - | €994 | €372 | €5k | €2k | ▼ 56.7% |
| Credit institutions430/8 | - | €994 | €372 | €5k | €2k | ▼ 56.7% |
| Trade debts44 | €8k | €16k | €30k | €55k | €18k | ▼ 67.3% |
| Suppliers440/4 | - | €16k | €30k | €55k | €18k | ▼ 67.3% |
| Advances received on contracts in progress46 | - | - | - | - | €25k | - |
| Taxes, remuneration and social security45 | - | €5k | €5k | €10k | €11k | ▲ 12.4% |
| Taxes450/3 | - | €2k | €5k | €3k | €495 | ▼ 83.6% |
| Remuneration and social security454/9 | - | €3k | €0 | €7k | €11k | ▲ 54.5% |
| Other amounts payable47/48 | - | €116k | €110k | €98k | €136k | ▲ 39.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-50k | €36k | €12k | €13k | €15k | ▲ 15.3% |
| + Depreciation and write-downs630 | €2k | €2k | €5k | €3k | €3k | ▼ 9.5% |
| Operating cash flow (approximation) | €-48k | €38k | €17k | €16k | €17k | ▲ 10.9% |
| Investment in fixed assets (approximation) | - | €0 | €-21k | €4k | €0 | ▼ 100% |
| Change in cash | - | €23k | €-8k | €-6k | €8k | ▲ 253% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
31-12
Financial
Back to profitnet €36k
Net result €36k after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 199 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mol · 1 establishment unit since 2018
Ground area
863 m²
Building footprint
179 m²
Volume, LiDAR
907 m³
Parcel 13432B1022/00Z006, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Petrel
since 20182.282.879.756
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13432B1022/00Z006 | Flanders | 863 m² | 1 · 179 m² | 8.4 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
47559Retail sale of other household articles
Scores and ratios are computed by Checked and are not a credit decision.