PF Expertises
ActiveSummary
PF Expertises has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,813 and a net result of €10,856. Its solvency ranks better than 84% of 39,312 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-09-2021 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.321.281.957 6750 Musson, since 09-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 20-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €17,989
- Turnover
- ≈ €84,000
- estimated
- Profit
- €10,856
- Equity
- €50,813
- Total assets
- €59,341
Score breakdownlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 6.61, cash €45,909Equity €50,813 (85.6% of total assets)Size: total assets €59,341Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 92% on liquidity and 61% on profitability.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 11-06-2026 PDF
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2025 |
|---|---|
| Goods, raw materials, services and sundry goods60/61 | €12,354 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €814 |
| Other operating charges640/8 | €653 |
| Gross operating margin9900 | €17,989 |
| Operating profit (loss)9901 | €16,522 |
| Financial income75/76B | €37 |
| Recurring financial income75 | €37 |
| Financial charges65/66B | €141 |
| Recurring financial charges65 | €141 |
| Profit (loss) for the period before taxes9903 | €16,418 |
| Income taxes67/77 | €5,562 |
| Profit (loss) for the period9904 | €10,856 |
| Profit (loss) for the period to be appropriated9905 | €10,856 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €59,341 | |
| Fixed assets21/28 | €2,978 | |
| Tangible fixed assets22/27 | €2,978 | |
| Plant, machinery and equipment23 | €561 | |
| Furniture and vehicles24 | €649 | |
| Other tangible fixed assets26 | €1,768 | |
| Current assets29/58 | €56,363 | |
| Amounts receivable within one year40/41 | €9,822 | |
| Trade receivables40 | €866 | |
| Other amounts receivable41 | €8,956 | |
| Cash at bank and in hand54/58 | €45,909 | |
| Deferred charges and accrued income490/1 | €632 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €59,341 | |
| Equity10/15 | €50,813 | |
| Contributions10/11 | €200 | |
| Reserves13 | €37,158 | |
| Distributable reserves133 | €37,158 | |
| Profit (loss) carried forward14 | €13,455 | |
| Amounts payable17/49 | €8,528 | |
| Amounts payable within one year42/48 | €8,528 | |
| Trade debts44 | €2,662 | |
| Suppliers440/4 | €2,662 | |
| Taxes, remuneration and social security45 | €5,866 | |
| Taxes450/3 | €5,866 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €10,856 |
| + Depreciation and write-downs630 | €814 |
| Operating cash flow (approximation) | €11,670 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as PF Expertises has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PF Expertises itself is lower: < 0.1% within 12 months. It rests on far more data about PF Expertises than the profile alone.
Test of the method
The method was tested on the 497,446 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 26,972 companies, not a prediction for PF Expertises. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-06-2026 | 2026-00152936 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 04-12-2025 Converted to unavailable equity · €200
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| FOGUENNE Pierre |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Organe d'administration, nommés avec ou sans limitation de durée,peuvent si nommés dans statuts avoir qualité d'administrateur statutaire”“Assemblée générale décide si mandat exercé gratuitement”deed of 04-12-2025 (in French)
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 13-09-2021 (in French)
Network & group
PF Expertises shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PF Expertises. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
04-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsChange of role: FOGUENNE Pierre, from manager to director · Legal-form conversion: from limited partnership to private limited company · Director discharge: FOGUENNE Pierre8 points ▸
- General meeting, 01-12-2025
- Incorporation, 24-08-2021
- Legal-form conversion, from limited partnership to private limited company
- 200 shares
- Director resignation, FOGUENNE Pierre (manager)
- Director appointment, FOGUENNE Pierre (director (not named in the articles))
- Director discharge, FOGUENNE Pierre
- Registered office clause, Rue Bellevue 10, 6750 Baranzy (Musson)
- The deed holds 9 more points.
13-09
Gazette deed
IncorporationFounders: FOGUENNE Pierre and JASPART Benoît · Founding capital of €200, 200 shares · Appointment: FOGUENNE Pierre (manager and general partner)9 points ▸
- Incorporation, 24-08-2021
- Founder, FOGUENNE Pierre
- Founder, JASPART Benoît
- Founding capital, €200, 200 shares
- Partner, FOGUENNE Pierre (general partner)
- Partner, JASPART Benoît (limited partner)
- FOGUENNE Pierre holds 175 shares
- JASPART Benoît holds 5 shares
- Director appointment, FOGUENNE Pierre (manager and general partner)
- The deed holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- Toutes prestations en matière d'expertises immobilières, notamment l'établissement en valeur vénale de biens immobiliers, calcul de structures et stabilité.
- Toutes prestations relatives aux certificats à produire par les propriétaires de biens immeubles au sens le plus large, dont notamment actuellement : certification PEB, responsable PEB (déclaration PEB, déclaration simplifiée), dossier d'intervention ultérieure, certification CERTIBEAU, amiante, mérule, radon, étude de composition du sol (géologie et composition), de stabilité et de pollution, ….
- Toutes prestations de coaching en organisation, optimisation et automatisation au sens le plus large dont notamment, en optimisation énergétique des bâtiments et toutes activités ayant trait aux obligations d'un propriétaire immobilier.
- Toutes prestations relatives à la gestion administrative de biens (syndic de copropriété).
- Toutes prestations relatives à l'activité d'agent immobilier (courtage, location, vente, achat, marchand de biens, …).
- Toutes prestations relatives à l'activité d'informaticien (programmation, réseau, sécurité, data scientist, data engineering, …).
- Toutes prestations relatives à l'impression 3D.
- L'enseignement des sciences de l'ingénieur, mathématiques, … dans le sens le plus large, dont notamment l'enseignement des matières relatives aux objets qui précèdent.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 85026C0695/00H000 | Wallonia | 632 m² | 1 · 134 m² | 9.4 m · 2 |