Equity
€57,586 from €133,046 in 2009
Equity fell by 57% in 16 years.
PGMBH FAVOREEL
Lifetime
17 annual accounts with figures on one time axis, 31 filings since 1991peak €33,794 (2025)
€33,794▲ 39×
lowest -€4,545 (2024)
€11,076▲ €15,621
peak €133,046 (2009)
€57,586▲ 23.8%
€24,301▲ 210%
Documentsfilings and deeds
26-10-202687 days late
2025micro format
Gross margin from €877 to €33,794Back to profit: €11,076Equity from €46,510 to €57,586Debts from €7,827 to €24,301Investments €42,250
Key points
from the 2025 annual accountsInvestments
€42,250 2.6 × depreciation
Green is investment, beige is depreciation.
Filings
31 annual accounts 87 days
Latest accounts filed late: after the legal deadline.
Checked score
92
Excellent
Financially stronger than 64% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.3%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.8%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.2%▼ -0.6 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 87 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1990
Size: total assets €81,887
Equity €57,586 (70.3% of total assets)
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 (no NACE code, micro). It does better than 59% of them on solvency, 49% on liquidity, 69% on profitability and 78% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as PGMBH FAVOREEL has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PGMBH FAVOREEL itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 31,368 companies, not a prediction for PGMBH FAVOREEL. 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.09 (6.27 in 2024), above the usual 1.5. Short-term debt is 29.7% and cash 13.2% of total assets. 29.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 87 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-10-2026, 87 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
87 days late
2024
25 days late
2023
29 days late
2022
31 days late
2021
85 days late
2020
61 days late
2019
48 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 52 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 54 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Lontzen to Raeren
New registered office: Wesselbend 105, 4731 Raeren · Previous registered office: Ketteniser Straße 68, 4711 Lontzen · Board meeting of 13-07-2019 · Gazette deed
Incorporation
published on 24-01-1991 · Gazette deed
First establishment
Belven 110A, Raeren
Official details
Source: KBO- Status
- Active since 28-12-1990Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.294.289.4314730 Raeren, since 28-12-1990
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on PGMBH FAVOREEL
PGMBH FAVOREEL files the micro format. That format states no turnover. The gross margin rose from €21,922 in 2005 to €33,794 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PGMBH FAVOREEL
- What is the company number of PGMBH FAVOREEL?
- The company number of PGMBH FAVOREEL is 0442.889.132. The VAT number is the same number with BE in front: BE 0442.889.132.
- Where is PGMBH FAVOREEL based?
- The registered office is at Wesselbend 105, 4731 Raeren.Company details
- What is the legal form of PGMBH FAVOREEL?
- PGMBH FAVOREEL is a private limited company (pre-2019) (BVBA).
- When was PGMBH FAVOREEL founded?
- PGMBH FAVOREEL was founded on 28-12-1990.
- Is PGMBH FAVOREEL still active?
- Yes, PGMBH FAVOREEL is an active enterprise in the KBO register.
- What is the turnover of PGMBH FAVOREEL?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €33,794 and 2,935 comparable companies of the same size. It probably lies between €82,000 and €240,000. It is a rough estimate.Financials
- Is PGMBH FAVOREEL profitable?
- In financial year 2025, PGMBH FAVOREEL made a profit of €11,076.
- Where can I find the annual accounts of PGMBH FAVOREEL?
- PGMBH FAVOREEL filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PGMBH FAVOREEL due?
- PGMBH FAVOREEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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