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PK

Active
Private limited companyfounded 20169 yrs activeStationsstraat 3, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0667.770.467
Summary

PK has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €131,043 and a net result of €48,373. Equity is shrinking by ~4.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability88▼-11
Solvency66▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.66 in 2023; short-term debt: 55.5% and cash: 36.4% of total assets), and 58.6% of the assets are financed with debt.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 29-07-2025, 2 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
2 d early
2023
8 d late
2022
37 d late
2021
16 d early
2020
31 d late
2019
45 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 17 days after 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 December 2016, PK was incorporated.1 Total assets went from EUR 157,848 in 2018 to EUR 316,271 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€131,043▼ 6.4%
2023 · €139,934
Total assets
€316,271▲ 5.6%
2023 · €299,549
Net result
€48,373▼ 33.8%
2023 · €73,106
Working capital
€62,999▼ 39.6%
2023 · €104,367
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€63,794▼ 26.3%€46,032▼ 27.8%€99,624▲ 116%€93,446▼ 6.2%€80,701▼ 13.6%
Net result€52,052▼ 16.3%€35,694▼ 31.4%€77,723▲ 118%€73,106▼ 5.9%€48,373▼ 33.8%
Equity€248,285▲ 30.6%€198,979▼ 19.9%€198,979=€139,934▼ 29.7%€131,043▼ 6.4%
Total assets€256,828▲ 30.5%€236,787▼ 7.8%€304,266▲ 28.5%€299,549▼ 1.6%€316,271▲ 5.6%
Debt€8,544▲ 27.4%€37,809▲ 343%€105,287▲ 178%€159,615▲ 51.6%€185,228▲ 16.0%
Working capital€173,246▲ 66.5%€135,865▼ 21.6%€149,280▲ 9.9%€104,367▼ 30.1%€62,999▼ 39.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000€100,000Operating result 2020: €63,794€63,794Net result 2020: €52,052€52,052Operating result 2021: €46,032€46,032Net result 2021: €35,694€35,694Operating result 2022: €99,624€99,624Net result 2022: €77,723€77,723Operating result 2023: €93,446€93,446Net result 2023: €73,106€73,106Operating result 2024: €80,701€80,701Net result 2024: €48,373€48,37320202021202220232024€0€25,000€50,000€75,000€100,000Operating result 2022: €99,624€99,600Net result 2022: €77,723€77,700Operating result 2023: €93,446€93,400Net result 2023: €73,106€73,100Operating result 2024: €80,701€80,700Net result 2024: €48,373€48,400202220232024
The operating result has fallen two years in a row; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €316,271
Fixed assets €77,592 ▲ 107%
Current assets €238,679 ▼ 8.9%
Equity and liabilities €316,271
Equity €131,043 ▼ 6.4%
Debt €185,228 ▲ 16.0%
Debt's share of the balance-sheet total rises from 53.3% to 58.6%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€105,310▼
2023 · €106,262
Cash flow
€72,982▼
2023 · €85,922
Current ratio
1.36▼
2023 · 1.66
Debt to equity
1.41▲
2023 · 1.14
ROE
36.9%▼
2023 · 52.2%
ROA
15.3%▼
2023 · 24.4%
Interest coverage
10.80▼
2023 · 38.90
Debt ≤ 1 year
€175,680▲
2023 · €157,701
Income taxes
€23,189▲
2023 · €18,792
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 26,964 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€299,549€316,271▲
Fixed assets21/28€37,481€77,592▲
Intangible fixed assets21€36,900€24,600▼
Tangible fixed assets22/27€581€52,992▲
Furniture and vehicles24€581€52,992▲
Current assets29/58€262,068€238,679▼
Amounts receivable within one year40/41€2,111€3,509▲
Trade receivables40€2,111€3,509▲
Current investments50/53€65,000€120,000▲
Cash at bank and in hand54/58€194,221€115,088▼
Deferred charges and accrued income490/1€736€82▼
Equity and liabilities
Total equity and liabilities10/49€299,549€316,271▲
Equity10/15€139,934€131,043▼
Contributions10/11€18,600€18,600=
Reserves13€121,334€112,443▼
Distributable reserves133€121,334€112,443▼
Amounts payable17/49€159,615€185,228▲
Amounts payable within one year42/48€157,701€175,680▲
Trade debts44€4,232€1,732▼
Suppliers440/4€4,232€1,732▼
Taxes, remuneration and social security45€12,407€8,047▼
Taxes450/3€12,407€8,047▼
Other amounts payable47/48€141,062€165,902▲
Accrued charges and deferred income492/3€1,914€9,548▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,816€24,609▲
Other operating charges640/8€1,004€1,650▲
Gross operating margin9900€107,266€106,960▼
Operating profit (loss)9901€93,446€80,701▼
Financial income75/76B€1,184€610▼
Recurring financial income75€1,184€610▼
Financial charges65/66B€2,732€9,749▲
Recurring financial charges65€2,732€9,749▲
Profit (loss) for the period before taxes9903€91,898€71,562▼
Income taxes67/77€18,792€23,189▲
Profit (loss) for the period9904€73,106€48,373▼
Profit (loss) for the period to be appropriated9905€73,106€48,373▼
Appropriation of the result
Profit (loss) to be appropriated9906€73,106€48,373▼
Transfer from equity791/2€59,045€56,431▼
Transfer to equity691/2-€47,540
To other reserves6921-€47,540
Profit to be distributed694/7€132,151€57,264▼
Return on contributions (dividend)694€132,151€57,264▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,312€12,724€12,816€12,816€24,609▲ 92.0%
Other operating charges640/8-€1,001€1,076€1,004€1,650▲ 64.4%
Gross operating margin9900€77,171€59,757€113,517€107,266€106,960▼ 0.3%
Operating profit (loss)9901€63,794€46,032€99,624€93,446€80,701▼ 13.6%
Financial income75/76B-€53€356€1,184€610▼ 48.5%
Recurring financial income75€1,847€53€356€1,184€610▼ 48.5%
Financial charges65/66B-€1,144€1,729€2,732€9,749▲ 257%
Recurring financial charges65€605€1,144€1,729€2,732€9,749▲ 257%
Profit (loss) for the period before taxes9903€65,036€44,941€98,251€91,898€71,562▼ 22.1%
Income taxes67/77€12,984€9,247€20,528€18,792€23,189▲ 23.4%
Profit (loss) for the period9904€52,052€35,694€77,723€73,106€48,373▼ 33.8%
Profit (loss) for the period to be appropriated9905€52,052€35,694€77,723€73,106€48,373▼ 33.8%
Line20202021202220232024Change
Assets
Total assets20/58€256,828€236,787€304,266€299,549€316,271▲ 5.6%
Fixed assets21/28€75,038€63,114€50,297€37,481€77,592▲ 107%
Intangible fixed assets21€73,800€61,500€49,200€36,900€24,600▼ 33.3%
Tangible fixed assets22/27€1,238€1,614€1,097€581€52,992▲ 9,022%
Furniture and vehicles24-€1,614€1,097€581€52,992▲ 9,022%
Current assets29/58€181,790€173,674€253,969€262,068€238,679▼ 8.9%
Amounts receivable within one year40/41€32,154€9,087€5,753€2,111€3,509▲ 66.2%
Trade receivables40---€2,111€3,509▲ 66.2%
Other amounts receivable41-€9,087€5,753---
Current investments50/53-€5,000€35,000€65,000€120,000▲ 84.6%
Cash at bank and in hand54/58€120,889€157,118€212,924€194,221€115,088▼ 40.7%
Deferred charges and accrued income490/1-€2,468€292€736€82▼ 88.9%
Equity and liabilities
Total equity and liabilities10/49€256,828€236,787€304,266€299,549€316,271▲ 5.6%
Equity10/15€248,285€198,979€198,979€139,934€131,043▼ 6.4%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€179,685€180,379€180,379€121,334€112,443▼ 7.3%
Non-distributable reserves130/1-€1,860€1,860---
Reserves not available under the articles1311-€1,860€1,860---
Distributable reserves133-€178,519€178,519€121,334€112,443▼ 7.3%
Profit (loss) carried forward14€50,000-----
Amounts payable17/49€8,544€37,809€105,287€159,615€185,228▲ 16.0%
Amounts payable within one year42/48€8,544€37,809€104,689€157,701€175,680▲ 11.4%
Trade debts44€1,317€2,809€1,246€4,232€1,732▼ 59.1%
Suppliers440/4-€2,809€1,246€4,232€1,732▼ 59.1%
Taxes, remuneration and social security45--€12,858€12,407€8,047▼ 35.1%
Taxes450/3--€12,858€12,407€8,047▼ 35.1%
Other amounts payable47/48-€35,000€90,584€141,062€165,902▲ 17.6%
Accrued charges and deferred income492/3--€598€1,914€9,548▲ 399%
Line20202021202220232024Change
Profit (loss) for the period9904€52,052€35,694€77,723€73,106€48,373▼ 33.8%
+ Depreciation and write-downs630€12,312€12,724€12,816€12,816€24,609▲ 92.0%
Operating cash flow (approximation)€64,363€48,418€90,539€85,922€72,982▼ 15.1%
Investment in fixed assets (approximation)--€799€0€0-€64,720-
Change in cash-€36,229€55,806-€18,703-€79,133▼ 323%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
08-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
06-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
31-12
Financial Highest result since 2018net €77,723 ▲118%
Operating result €99,624, net result €77,723, both a record.
15-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet €35,694 ▼31.4%
Net result drops to €35,694, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial Equity above €200,000Eq €248,285 ▲30.6%
3 profitable years in a row build equity to €248,285.
14-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial Liquidity times 8current ratio 16.59
Current ratio from 2.03 to 16.59; short-term debt falls from €29,121 to €6,673.
31-12
Financial Equity above €150,000Eq €190,133 ▲48.6%
2 profitable years in a row build equity to €190,133.
20-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
4 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, Oudenaarde · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
616 m²
Building footprint
124 m²
Parcel 45035B0003/02N040, Flanders. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Dr. Katrien Timmermans, NKO
Stationsstraat 3, 9700 OudenaardeSpecialist medical practice
since 20162.259.466.233
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45035B0003/02N040
ProtectedTownscape or village viewStadskern OudenaardeSource ↗
Flanders 616 m² 1 · 124 m² -
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Identification & contact

Identification
Legal formPrivate limited company
Founded15-12-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.