PFB
ActiveSummary
PFB has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144,412 and a net result of -€38,050. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-37
Solvency73▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.52 against 1.96 in 2024; short-term debt: 4.5% and cash: 2.1% of total assets), and 51.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2025Solvency, return and age of the figures
Solvency
48.3%
Return on assets
-12.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€38,050
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
38 d late
2024
29 d early
2023
1 d early
2022
32 d early
2021
3 d early
2020
33 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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
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Financials · fiscal year 2025, micro schema
Equity
€144,412▼ 20.9%
2024 · €182,462
Total assets
€299,158▼ 18.9%
2024 · €369,041
Net result
-€38,050▼ 461%
2024 · -€6,783
Working capital
-€6,505
2024 · €30,189
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
Operating result€38,975▲ 1,145%€107,809▲ 177%-€19,991-€2,882▲ 85.6%-€33,904▼ 1,077%
Net result€34,156€83,385▲ 144%-€28,096-€6,783▲ 75.9%-€38,050▼ 461%
Equity€133,955▲ 34.2%€217,341▲ 62.2%€189,245▼ 12.9%€182,462▼ 3.6%€144,412▼ 20.9%
Total assets€354,394▲ 8.7%€432,708▲ 22.1%€392,484▼ 9.3%€369,041▼ 6.0%€299,158▼ 18.9%
Debt€220,439▼ 2.5%€215,367▼ 2.3%€203,239▼ 5.6%€186,580▼ 8.2%€154,747▼ 17.1%
Working capital€110,467▲ 59.2%€201,319▲ 82.2%€174,420▼ 13.4%€30,189▼ 82.7%-€6,505
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33,904 in 2025 against €2,882 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €299,158
Fixed assets
€292,212 ▼ 5.0%
Current assets
€6,947 ▼ 88.7%
Equity and liabilities €299,158
Equity
€144,412 ▼ 20.9%
Debt
€154,747 ▼ 17.1%
Debt's share of the balance-sheet total rises from 50.6% to 51.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€11,465▼
2024 · €12,371
Cash flow
-€15,611▼
2024 · €8,469
Current ratio
0.52▼
2024 · 1.96
Debt to equity
1.07▲
2024 · 1.02
ROE
-26.3%▼
2024 · -3.7%
ROA
-12.7%▼
2024 · -1.8%
Interest coverage
-2.77▼
2024 · 2.77
Debt ≤ 1 year
€13,452▼
2024 · €31,333
Debt > 1 year
€141,295▼
2024 · €154,747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,250 | €4,779 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,165 | €15,193 | €15,206 | €15,253 | €22,439 | ▲ 47.1% |
| Other operating charges640/8 | €1,535 | €1,307 | €1,433 | €1,854 | €1,496 | ▼ 19.3% |
| Non-recurring operating charges66A | €2,906 | €21,205 | €0 | - | - | - |
| Gross operating margin9900 | €62,581 | €145,514 | -€3,352 | €14,225 | -€9,969 | ▼ 170% |
| Operating profit (loss)9901 | €38,975 | €107,809 | -€19,991 | -€2,882 | -€33,904 | ▼ 1,077% |
| Financial income75/76B | €534 | €12 | €23 | €566 | - | - |
| Recurring financial income75 | €534 | €12 | €23 | €566 | - | - |
| Financial charges65/66B | €5,352 | €6,025 | €8,128 | €4,468 | €4,146 | ▼ 7.2% |
| Recurring financial charges65 | €5,352 | €6,025 | €8,128 | €4,468 | €4,146 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €34,156 | €101,796 | -€28,096 | -€6,783 | -€38,050 | ▼ 461% |
| Income taxes67/77 | - | €18,410 | €0 | - | - | - |
| Profit (loss) for the period9904 | €34,156 | €83,385 | -€28,096 | -€6,783 | -€38,050 | ▼ 461% |
| Profit (loss) for the period to be appropriated9905 | €34,156 | €83,385 | -€28,096 | -€6,783 | -€38,050 | ▼ 461% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €354,394 | €432,708 | €392,484 | €369,041 | €299,158 | ▼ 18.9% |
| Fixed assets21/28 | €216,552 | €196,583 | €182,700 | €307,519 | €292,212 | ▼ 5.0% |
| Tangible fixed assets22/27 | €216,552 | €196,583 | €182,700 | €307,519 | €292,212 | ▼ 5.0% |
| Land and buildings22 | €211,770 | €196,583 | €182,700 | €307,519 | €292,212 | ▼ 5.0% |
| Plant, machinery and equipment23 | €1,494 | - | - | - | - | - |
| Furniture and vehicles24 | €3,288 | - | - | - | - | - |
| Current assets29/58 | €137,842 | €236,125 | €209,784 | €61,522 | €6,947 | ▼ 88.7% |
| Stocks and contracts in progress3 | €8,000 | - | - | - | - | - |
| Stocks30/36 | €8,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €44,459 | €22,684 | €98,030 | €0 | €521 | - |
| Trade receivables40 | €20,459 | €17,463 | €270 | €0 | - | - |
| Other amounts receivable41 | €24,000 | €5,221 | €97,760 | €0 | €521 | - |
| Cash at bank and in hand54/58 | €82,896 | €212,114 | €111,537 | €61,522 | €6,426 | ▼ 89.6% |
| Deferred charges and accrued income490/1 | €2,487 | €1,326 | €217 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €354,394 | €432,708 | €392,484 | €369,041 | €299,158 | ▼ 18.9% |
| Equity10/15 | €133,955 | €217,341 | €189,245 | €182,462 | €144,412 | ▼ 20.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €0 | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Profit (loss) carried forward14 | €113,495 | €196,881 | €170,645 | €163,862 | €125,812 | ▼ 23.2% |
| Amounts payable17/49 | €220,439 | €215,367 | €203,239 | €186,580 | €154,747 | ▼ 17.1% |
| Amounts payable after more than one year17 | €193,064 | €180,562 | €167,874 | €154,747 | €141,295 | ▼ 8.7% |
| Financial debts170/4 | €193,064 | €180,562 | €167,874 | €154,747 | €141,295 | ▼ 8.7% |
| Amounts payable within one year42/48 | €27,375 | €34,805 | €35,364 | €31,333 | €13,452 | ▼ 57.1% |
| Current portion of amounts payable after more than one year42 | €10,927 | €11,469 | €12,799 | €13,128 | €13,452 | ▲ 2.5% |
| Trade debts44 | €13,325 | €3,589 | €1,590 | €100 | - | - |
| Suppliers440/4 | €13,325 | €3,589 | €1,590 | €100 | - | - |
| Taxes, remuneration and social security45 | - | €18,410 | €19,639 | €0 | - | - |
| Taxes450/3 | - | €18,410 | €19,639 | €0 | - | - |
| Other amounts payable47/48 | €3,123 | €1,337 | €1,337 | €18,105 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €500 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,156 | €83,385 | -€28,096 | -€6,783 | -€38,050 | ▼ 461% |
| + Depreciation and write-downs630 | €19,165 | €15,193 | €15,206 | €15,253 | €22,439 | ▲ 47.1% |
| Operating cash flow (approximation) | €53,322 | €98,579 | -€12,890 | €8,469 | -€15,611 | ▼ 284% |
| Investment in fixed assets (approximation) | - | €4,776 | -€1,322 | -€140,072 | -€7,131 | ▲ 94.9% |
| Change in cash | - | €129,218 | -€100,577 | -€50,015 | -€55,096 | ▼ 10.2% |
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
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
2025
31-12
Financial
Weakest financial yearnet -€38,050
Net result drops to -€38,050, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €83,385 ▲144%
Operating result €107,809, net result €83,385, both a record.
31-12
Financial
Equity above €200,000Eq €217,341 ▲62.2%
2 profitable years in a row build equity to €217,341.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €34,156
Net result €34,156 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €133,955 ▲34.2%
Equity rises from €99,799 to €133,955.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 4.32
Current ratio from 1.79 to 4.32; short-term debt falls from €84,390 to €20,877.
Show earlier events
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Lille · 1 establishment unit since 2011
Ground area
5,951 m²
Building footprint
1,992 m²
Volume, LiDAR
10,929 m³
Parcel 13047A0198/00N002, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PFB
since 20112.203.921.855
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13047A0198/00N002 | Flanders | 5,951 m² | 1 · 1,992 m² | 6.9 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.
Structure & network
Owners and holdings
1 ownerChain of control
- Steka Beheer
- PFB
Highest known parent: Steka Beheer. The sources do not say who stands above it.
Owners 1
- Steka Beheerparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 489 companies in sector 43343 we hold annual accounts for 294. 247 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43343Specialised construction activities
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0838874806
Also
9925:BE0838874806
Registered
18-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.