PF Holding
ActiveSummary
The computed 12-month bankruptcy probability of PF Holding is 2.0% (moderate). The 2024 annual accounts show equity of €103.8m and a net result of €3,279. Equity is growing by ~5.2% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+1
Solvency100=
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.42 in 2023; short-term debt: 0% of total assets), and 0% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
100%
Return on assets
0%
Age of the figures
21 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 11-06-2026, 50 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
50 d early
2024
55 d early
2023
44 d early
2022
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 49 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. Usually files around 13 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
On 22 November 2021, PF Holding was incorporated as a Private limited company by PF Holding, with a starting capital of EUR 1.12 The capital was increased 6 times between 2022 and 2026.345 Of the 4 current board members, BREVAK has served longest, since 2021.3 Total assets went from EUR 94 million in 2022 to EUR 104 million in 2024.6
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Financials · fiscal year 2024, full schema, statutory accounts
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,279
2023 · -€3,597
Working capital
-€17,393▲ 15.7%
2023 · -€20,620
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result-€17,942--€3,392▲ 81.1%€3,791
Net result-€18,023--€3,597▲ 80.0%€3,279
Equity€94.0m-€94.0m=€103.8m▲ 10.4%
Total assets€94.0m-€94.0m=€103.8m▲ 10.4%
Debt€18,325-€36,801▲ 101%€35,841▼ 2.6%
Working capital-€18,023--€20,620▼ 14.4%-€17,393▲ 15.7%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3,791 after a loss of €3,392 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €103.8m
Fixed assets
€103.8m ▲ 10.4%
Current assets
€17,500 ▲ 15.3%
Equity and liabilities €103.8m
Equity
€103.8m ▲ 10.4%
Debt
€35,841 ▼ 2.6%
Debt's share of the balance-sheet total stays at 0.0%.
Key figures and ratios
Current ratio
0.50▲
2023 · 0.42
Debt to equity
0.00▼
2023 · 0.00
ROE
0.0%▲
2023 · 0.0%
ROA
0.0%▲
2023 · 0.0%
Debt ≤ 1 year
€34,893▼
2023 · €35,801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Operating income70/76A | - | €5,000 | €17,500 | ▲ 250% |
| Other operating income74 | - | €5,000 | €17,500 | ▲ 250% |
| Operating charges60/66A | €17,942 | €8,392 | €13,709 | ▲ 63.4% |
| Services and other goods61 | €17,529 | €7,285 | €11,504 | ▲ 57.9% |
| Other operating charges640/8 | €412 | €1,108 | €2,205 | ▲ 99.1% |
| Operating profit (loss)9901 | -€17,942 | -€3,392 | €3,791 | ▲ 212% |
| Financial income75/76B | - | - | €206 | - |
| Recurring financial income75 | - | - | €206 | - |
| Income from financial fixed assets750 | - | - | €206 | - |
| Financial charges65/66B | €81 | €205 | €718 | ▲ 250% |
| Recurring financial charges65 | €81 | €205 | €718 | ▲ 250% |
| Other financial charges652/9 | €81 | €205 | €718 | ▲ 250% |
| Profit (loss) for the period before taxes9903 | -€18,023 | -€3,597 | €3,279 | ▲ 191% |
| Profit (loss) for the period9904 | -€18,023 | -€3,597 | €3,279 | ▲ 191% |
| Profit (loss) for the period to be appropriated9905 | -€18,023 | -€3,597 | €3,279 | ▲ 191% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €94.0m | €94.0m | €103.8m | ▲ 10.4% |
| Fixed assets21/28 | €94.0m | €94.0m | €103.8m | ▲ 10.4% |
| Financial fixed assets28 | €94.0m | €94.0m | €103.8m | ▲ 10.4% |
| Affiliated companies280/1 | €94.0m | €94.0m | €103.8m | ▲ 10.4% |
| Participating interests280 | €94.0m | €94.0m | €103.8m | ▲ 10.4% |
| Current assets29/58 | €302 | €15,180 | €17,500 | ▲ 15.3% |
| Amounts receivable within one year40/41 | - | €13,740 | €17,500 | ▲ 27.4% |
| Trade receivables40 | - | €13,740 | €17,500 | ▲ 27.4% |
| Cash at bank and in hand54/58 | €302 | €1,440 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €94.0m | €94.0m | €103.8m | ▲ 10.4% |
| Equity10/15 | €94.0m | €94.0m | €103.8m | ▲ 10.4% |
| Contributions10/11 | €94.0m | €94.0m | €103.8m | ▲ 10.4% |
| Profit (loss) carried forward14 | -€18,023 | -€21,620 | -€18,341 | ▲ 15.2% |
| Amounts payable17/49 | €18,325 | €36,801 | €35,841 | ▼ 2.6% |
| Amounts payable within one year42/48 | €18,325 | €35,801 | €34,893 | ▼ 2.5% |
| Financial debts43 | - | - | €2,205 | - |
| Other loans439 | - | - | €2,205 | - |
| Trade debts44 | €825 | €8,801 | €5,687 | ▼ 35.4% |
| Suppliers440/4 | €825 | €8,801 | €5,687 | ▼ 35.4% |
| Other amounts payable47/48 | €17,500 | €27,000 | €27,000 | = |
| Accrued charges and deferred income492/3 | - | €1,000 | €948 | ▼ 5.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,023 | -€3,597 | €3,279 | ▲ 191% |
| Operating cash flow (approximation) | -€18,023 | -€3,597 | €3,279 | ▲ 191% |
| Investment in fixed assets (approximation) | - | €0 | -€9.8m | - |
| Change in cash | - | €1,138 | - | - |
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
03-09
State Gazette act
Capital & sharesCapital increase · Capital · Statutes amendment7 facts ▸
State Gazette act
Capital & shares
Capital increase · Capital · Statutes amendment7 facts ▸
- General meeting, 25-08-2026
- Capital increase, €19.999.998,59
- Capital
- Statutes amendment, 5
- Power of attorney, Sabine Reusen
- Power of attorney, Pieter-Jan Bols
- Power of attorney
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
24-02
State Gazette act
Resignation: Frances Houweling (director)Appointment: Dodo Meijer (director)3 facts ▸
State Gazette act
Resignation: Frances Houweling (director)
Appointment: Dodo Meijer (director)3 facts ▸
- Shareholder resolution, 23/01/2026
- Director resignation, Frances Houweling (director)
- Director appointment, Dodo Meijer (director)
2025
15-09
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)1 fact ▸
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
1 fact ▸
- Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
18-04
State Gazette act
Appointment: Metula BV (managing director)Permanent representative: Piet Gruwez · Mandate compensation3 facts ▸
State Gazette act
Appointment: Metula BV (managing director)
Permanent representative: Piet Gruwez · Mandate compensation3 facts ▸
- Director appointment, Metula BV (managing director)
- Permanent representative, Piet Gruwez
- Mandate compensation, Metula BV
13-03
State Gazette act
Appointment: Metula BV (director)Permanent representative: Piet Gruwez · Capital increase · Capital6 facts ▸
State Gazette act
Appointment: Metula BV (director)
Permanent representative: Piet Gruwez · Capital increase · Capital6 facts ▸
- General meeting, 04-03-2025
- Director appointment, Metula BV (director)
- Permanent representative, Piet Gruwez
- Capital increase, €14.317.500
- Capital
- Statutes amendment
2024
31-12
Financial
Back to profitnet €3,279
Net result €3,279 after 2 loss-making years.
31-12
Financial
Equity above €100mEq €103.8m ▲10.4%
Equity rises from €94.0m to €103.8m.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
Show earlier events
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
28-02
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Power of attorney8 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Capital · Power of attorney8 facts ▸
- General meeting, 30/01/2024
- Capital increase, €9.785.000,76
- Capital
- Statutes amendment
- Power of attorney, Sabine Reusen
- Power of attorney, Nicolas Loix
- Power of attorney, elke bestuurder
- Waiver of preemptive rights, ja
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
28-12
State Gazette act
Capital & sharesCapital increase · Capital · Statutes amendment4 facts ▸
State Gazette act
Capital & shares
Capital increase · Capital · Statutes amendment4 facts ▸
- General meeting, 15/12/2022
- Capital increase, €5.000.000
- Capital
- Statutes amendment
23-12
State Gazette act
Appointment: BDO Bedrijfsrevisoren Burg. Ven. (statutory auditor)1 fact ▸
State Gazette act
Appointment: BDO Bedrijfsrevisoren Burg. Ven. (statutory auditor)
1 fact ▸
- Auditor appointment, BDO Bedrijfsrevisoren Burg. Ven. (statutory auditor)
23-12
State Gazette act
Capital & sharesCapital increase · Capital · Statutes amendment4 facts ▸
State Gazette act
Capital & shares
Capital increase · Capital · Statutes amendment4 facts ▸
- General meeting, 14-12-2022
- Capital increase, €13.023.674,55
- Capital
- Statutes amendment
10-08
State Gazette act
Appointment: Frances Houweling (investeerder bestuurder)Mandate compensation3 facts ▸
State Gazette act
Appointment: Frances Houweling (investeerder bestuurder)
Mandate compensation3 facts ▸
- General meeting, 06/07/2022
- Director appointment, Frances Houweling (investeerder bestuurder)
- Mandate compensation, Frances Houweling
19-01
State Gazette act
Appointments: Metula BV, CaleAnco BV and BREVAK BVPermanent representatives: Piet Gruwez, Kris Calepet and Jo Breesch · Capital increase · Capital13 facts ▸
State Gazette act
Appointments: Metula BV, CaleAnco BV and BREVAK BV
Permanent representatives: Piet Gruwez, Kris Calepet and Jo Breesch · Capital increase · Capital13 facts ▸
- General meeting, 21-12-2021
- Capital increase, €75.969.999
- Capital, €107.155.000
- Statutes amendment
- Director appointment, Metula BV (director)
- Permanent representative, Piet Gruwez
- Director appointment, CaleAnco BV (waarnemer)
- Permanent representative, Kris Calepet
- Director appointment, BREVAK BV (waarnemer)
- Permanent representative, Jo Breesch
- Power of attorney, Dimas Coetsier
- Power of attorney, Sabine Reusen
- +1 further facts in this act
2021
24-11
State Gazette act
IncorporationAppointment: VAN VREUMINGEN Sander (director) · Founder · Founding capital7 facts ▸
State Gazette act
Incorporation
Appointment: VAN VREUMINGEN Sander (director) · Founder · Founding capital7 facts ▸
- Incorporation, 19/11/2021
- Founder, IK SC III LUXCO 3 S.À R.L.
- Founding capital, €1
- Director appointment, VAN VREUMINGEN Sander (director)
- Mandate compensation, VAN VREUMINGEN Sander
- First ordinary general meeting, 2023
- Share subscription, in geld
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
12 of 12 acts read
Directors · office · real estate
Directors
3 directors, 1 in day-to-day management, no change since 2026
Board 3
METULA
CurrentDirector · since 22-12-2021 · Private limited company · perm. rep.: Piet Gruwez
Dodo Meijer
CurrentDirector · since 23-01-2026
VAN VREUMINGEN Sander
CurrentDirector · since 24-11-2021 · from a recent act
Day-to-day management 1
METULA
CurrentManaging director · since 22-12-2021 · Private limited company · perm. rep.: Piet Gruwez
Permanent representatives 3
Jo Breesch
CurrentPermanent representative · since 22-12-2021 · for BREVAK
Kris Calepet
CurrentPermanent representative · since 22-12-2021 · for CaleAnco
Piet Gruwez
CurrentPermanent representative · since 22-12-2021 · for METULA
Statutory auditor 1
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
CurrentStatutory auditor · since 23-12-2022
Other functions 2
BREVAK
CurrentWaarnemer · since 22-12-2021 · Private limited company · perm. rep.: Jo Breesch
CaleAnco
CurrentWaarnemer · since 22-12-2021 · Private limited company · perm. rep.: Kris Calepet
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beringen · 1 establishment unit since 2021
Ground area
2.4 ha
Building footprint
5,310 m²
Volume, LiDAR
29,795 m³
Parcel 71049B1420/00Z000, Flanders · tallest building 16.3 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
PF Holding
since 20212.324.440.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71049B1420/00Z000 | Flanders | 2.4 ha | 1 · 5,310 m² | 16.3 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.
Mandate history
7 people since 2021, 6 in office
- Board
- Day-to-day management
- Statutory auditor
- Other function
| Name | Functions and periods |
|---|---|
| VAN VREUMINGEN Sanderfrom an act |
|
| METULA |
|
| Dodo Meijer |
|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
| BREVAK |
|
| CaleAnco |
|
| Frances Houweling |
|
Articles of association
Purpose
A) uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; ... b) uitsluitend in eigen naam en voor…
Full purpose
A) uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; ... b) uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; ... c) uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen, kredieten, financieringen ... d) in eigen naam en voor eigen rekening, voor rekening van derden, of door deelname van dezen: het beheer van de investeringen en de deelnemingen in andere entiteiten ...
Share class
Gewone Aandelen, 30118128
Preferente Instrumenten, 87150421
Ratchet Aandelen, 31500000
Structure & network
Owners and holdings
1 owner · 2 holdings · 12 subsidiaries in the treeOwners 1
-
25.89%
Holdings 2
-
100%
-
100%
All subsidiaries, including indirect ones 12
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- PF Finco 100%
PF Group 100%10 subsidiaries
PLASTIFLEX GROUP 100%9 subsidiaries
- Amniflex BVNL 100%
- Pflex Germany GmbHDE 100%
- Plastiflex ChinaHK 100%
- Plastiflex EspanaES 100%
- Plastiflex SlovakiaSK 100%
- Plastiflex UKGB 100%
- R-Vent Medikal Uretim A.S.TR 100%
- TIK d.o.o.SI 100%
- Plastiflex US PartnershipUS 98.8%
According to the 2024 annual accounts of PF Holding 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
2 connected companiesThe connected companies are in the list below.
This company
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Shareholding
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Linked via shared directors
Dematic
Shared corporate director
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THINK2ACT CAPITAL
Shared corporate director
→
Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 28-12-2022 ↗
- IK SC III LUXCO 3 s.à r.l.
- Hyatt Management GmbH & Co
At incorporation
act of 24-11-2021 ↗
- PF Holding (BE 0777.574.962) sole founder · 100% at incorporation
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 03-09-2026 Capital increase of 19,999,998.59 EUR · 13,986,013 new shares · in cash
- 13-03-2025 Capital increase of 14,317,500 EUR · 7,981,262 new shares
- 28-02-2024 Capital increase of 9,785,000.76 EUR
- 28-12-2022 Capital increase of 5,000,000 EUR · 3,818,763 new shares · in kind
- 23-12-2022 Capital increase of 13,023,674.55 EUR
- 19-01-2022 Capital increase of 75,969,999 EUR
- 24-11-2021 Incorporation · 1 EUR · 1 share
Identification & contact
Identification
Legal formPrivate limited company
Founded22-11-2021
Fiscal year end31-12
Contact
E-mail
Dodo.Meijer@ikpartners.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777585256
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.