PP

Active

Public limited companyfounded 1966active for 60 yearsKortrijkstraat (P.-E.) 28, 9790 Wortegem-Petegem, BelgiumKBO/BCE: BE 0405.434.066

Summary

PP has been active since 1966 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195,016 and a net result of €147,735, of which €308,341 non-recurring income. Equity has been shrinking by about 7.4% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 27% of 1,140 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

PPActiveChecked score 95/100

Risk analysis Report Compare

Overview

Official details

Source: KBO

Status: Active since 18-06-1966 Normal situation
Activity: Rental and leasing activities NACE 77223and 1 other
Establishment unit: 2.000.356.170 8790 Waregem, since 01-12-1966
Financial year end: 31 December
Peppol: Reachable since 24-12-2025

Company details

Board and ownership

Board

Garcia-Garcia NathalieDirector · since 09-06-2016
Delmulle SegerDirector · since 18-11-2019
Segers DelmulleDirector

Auditor: BV A&C BEDRIJFSREVISOREN

Shareholders

Grond en Bouwcentrum· score 67act of 17-08-2026

Board & ownership

Financial position

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Annual accounts 2025

Gross margin: €325,823; ▼ 22.1%
Turnover: ≈ €770,000; estimated
Profit: €147,735; ▼ 30.3%
Equity: €195,016
Total assets: €1.3m; ▲ 0.3%

Financials

Score breakdownraises riskEquity €195,016 (14.8% of total assets)lowers riskSize: total assets €1.3mFounded in 1966Figures for financial year 2025 (filed on 22-07-2026)Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially stronger than 57% of micro companies in rental and leasing (NACE 77)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Average

Solvency 40+15

equity 14.8% of total assets

Liquidity 21+18

short-term debt 81.8% · cash 13.1%

Profitability 83-6

return on assets 11.2%

Bankruptcy probability within 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,169 companies, NACE 77, micro)

Last 24 months 12-2024: 1.0% 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.3%▲ +0.3 percentage points vs 06-2025 08-2025: 1.8%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 0.5%▼ -1.3 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.6%▲ +0.1 percentage points vs 06-2026 08-2026: < 0.1%▼ -0.6 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Credit of up to €18,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.16 (0.0 in 2024), below 1. Short-term debt is 81.8% and cash 13.1% of total assets. 85.2% of the assets are financed with debt and provisions.

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 77, micro). It does better than 32% of them on solvency, 19% on liquidity, 78% on profitability and 99% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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 riskneutral

Size: total assets €1.3m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Founded in 1966

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Equity €195,016 (14.8% of total assets)

NBB · annual accounts

Figures for financial year 2025 (filed on 22-07-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

9 days early

2024

27 days late

2023

21 days late

2022

13 days early

2021

29 days late

2020

26 days late

2019

11 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 22 August (4 of the last 5 accounts filed within 31 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

04-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 22-07-2026 at the NBB all 49 filings

Turnover

≈ €770,000

Estimated: probably between €460,000 and €1.3m

Total assets

€1.3m▲ 0.3%

2024 · €1.3m

Net result

€147,735▼ 30.3%

2024 · €211,988

Working capital

-€905,970▲ 18.8%

2024 · -€1.1m

In the rankings #1 oldest company in Wortegem-Petegem, Administrative and support services sector

Multi-year overview

2018 to 2025, 8 financial years

Operating result

€225,586

▲ 3.8% 2025

20182025

Net result

€147,735

▼ 30.3% 2025

highest quarter of the sector

20182025

Equity

€195,016

2025

middle half of the sector

20182025

Total assets

€1.3m

▲ 0.3% 2025

middle half of the sector

20182025

Debt

€1.1m

▼ 14.7% 2025

20182025

Working capital

-€905,970

▲ 18.8% 2025

lowest quarter of the sector

20182025

Solvency

14.8%

▲ 15.0pp 2025

middle half of the sector

20182025

Current ratio

0.16

▲ 0.16 2025

lowest quarter of the sector

20182025

Return on assets (ROA)

11.2%

▼ 4.9pp 2025

highest quarter of the sector

20182025

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line20182019202020212022202320242025

Operating result-€0.02m--€0.03m▼ 35.9%-€0.04m▼ 57.3%-€0.02m▲ 61.0%-€0.02m▼ 19.0%-€0.002m▲ 91.2%€0.2m€0.2m▲ 3.8%

Net result-€0.02m--€0.04m▼ 74.1%-€0.05m▼ 34.1%-€0.02m▲ 50.8%-€0.03m▼ 9.7%-€0.007m▲ 72.6%€0.2m€0.1m▼ 30.3%

Equity-€0.07m--€0.1m▼ 56.8%-€0.2m▼ 48.6%-€0.2m▼ 16.1%-€0.2m▼ 15.2%-€0.2m▼ 3.6%-€0.003m▲ 98.7%€0.2m

Total assets€0.8m-€0.9m▲ 22.1%€1.1m▲ 17.1%€1.2m▲ 5.6%€1.2m▲ 2.6%€1.1m▼ 3.6%€1.3m▲ 15.2%€1.3m▲ 0.3%

Debt€0.8m-€1.0m▲ 24.9%€1.3m▲ 20.3%€1.3m▲ 6.9%€1.4m▲ 4.3%€1.4m▼ 2.5%€1.3m▼ 2.8%€1.1m▼ 14.7%

Working capital-€0.8m--€0.8m▲ 0.2%-€0.9m▼ 9.8%-€1.0m▼ 14.4%-€1.1m▼ 9.7%-€1.1m▲ 0.3%-€1.1m=-€0.9m▲ 18.8%

Solvency-8.7%--11.1%▼ 2.5pp-14.1%▼ 3.0pp-15.6%▼ 1.4pp-17.5%▼ 1.9pp-18.8%▼ 1.3pp-0.2%▲ 18.6pp14.8%▲ 15.0pp

Current ratio0.01-0.04▲ 0.030.02▼ 0.020.01▼ 0.010.00▼ 0.010.01=0.00=0.16▲ 0.16

Return on assets (ROA)-2.8%--4.0%▼ 1.2pp-4.6%▼ 0.6pp-2.2%▲ 2.5pp-2.3%▼ 0.1pp-0.7%▲ 1.6pp16.1%▲ 16.7pp11.2%▼ 4.9pp

above within below The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 4% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.3m

86.7%

13.3%

Fixed assets €1.1m ▼ 12.8%

Current assets €175,962 ▲ 40×

Equity and liabilities €1.3m

14.8%

85.2%

Equity €195,016

Debt €1.1m

Debt's share of the balance-sheet total is 85.2%.

Key figures and ratios

2025 value · change against 2024

EBITDA

€254,611▼

2024 · €260,018

Cash flow

€176,759▼

2024 · €254,681

Debt to equity

5.78

ROE

75.8%

Interest coverage

11.77▼

2024 · 48.72

Debt ≤ 1 year

€1.1m▼

2024 · €1.1m

Debt > 1 year

€45,000▼

2024 · €201,041

Income taxes

€56,224

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Securities and guarantees

on own assets and for others

Item	2021	2022	2023	2024	2025
Mortgages, amount registered	€1.0m	€1.0m	€1.0m	€1.0m	€825,000
Carrying value of the mortgaged assets	€874,185	€922,562	€887,742	€852,086	€636,374

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2021	2022	2023	2024	2025
Tangible fixed assets	€116,313	€89,616	€699	€367,470	€3,024
Depreciation and write-downs of the year	€47,408	€53,086	€51,272	€42,693	€29,025

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.3m€1.3m▲

Fixed assets21/28€1.3m€1.1m▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€1.3m€1.1m▼

Land and buildings22€1.3m€1.1m▼

Plant, machinery and equipment23€0.002m€0▼

Furniture and vehicles24€420€0▼

Current assets29/58€0.004m€0.2m▲

Amounts receivable within one year40/41€0.001m€0.002m▲

Trade receivables40€0€0.001m▲

Other amounts receivable41€0.001m€0.001m▼

Cash at bank and in hand54/58€0.002m€0.2m▲

Deferred charges and accrued income490/1€0.002m€0.001m▼

Equity and liabilities

Total equity and liabilities10/49€1.3m€1.3m▲

Equity10/15-€0.003m€0.2m▲

Contributions10/11€0.2m€0.2m=

Capital10€0.2m€0.2m=

Issued capital100€0.2m€0.2m=

Revaluation surpluses12-€0.05m

Reserves13€0.001m€0.001m=

Non-distributable reserves130/1€0.001m€0.001m=

Legal reserve130€0.001m€0.001m=

Profit (loss) carried forward14-€0.2m-€0.006m▲

Amounts payable17/49€1.3m€1.1m▼

Amounts payable after more than one year17€0.2m€0.05m▼

Financial debts170/4€0.2m€0.05m▼

Amounts payable within one year42/48€1.1m€1.1m▼

Current portion of amounts payable after more than one year42€0.04m€0▼

Trade debts44€0.006m€0.004m▼

Suppliers440/4€0.006m€0.004m▼

Taxes, remuneration and social security45€0€0.06m▲

Taxes450/3€0€0.06m▲

Other amounts payable47/48€1.1m€1.0m▼

Accrued charges and deferred income492/3€0-

Income statement Code20242025

Non-recurring operating income76A€0€0.3m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.03m▼

Other operating charges640/8€0.009m€0.07m▲

Non-recurring operating charges66A€0.1m€0▼

Gross operating margin9900€0.4m€0.3m▼

Operating profit (loss)9901€0.2m€0.2m▲

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€0.005m€0.02m▲

Recurring financial charges65€0.005m€0.02m▲

Profit (loss) for the period before taxes9903€0.2m€0.2m▼

Income taxes67/77-€0.06m

Profit (loss) for the period9904€0.2m€0.1m▼

Profit (loss) for the period to be appropriated9905€0.2m€0.1m▼

Appropriation of the result

Profit (loss) to be appropriated9906-€0.2m-€0.006m▲

Profit (loss) brought forward from the previous period14P-€0.4m-€0.2m▲

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Non-recurring operating income76A	-	-	-	-	-	€3,908	€0	€308,341	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€31,772	€31,772	€38,920	€47,408	€53,086	€51,272	€42,693	€29,025	▼ 32.0%
Other operating charges640/8	-	-	-	€7,387	€7,545	€8,668	€8,881	€71,212	▲ 702%
Non-recurring operating charges66A	-	-	-	-	-	-	€149,160	€0	▼ 100%
Gross operating margin9900	€16,319	€8,896	€2,208	€37,494	€40,050	€58,129	€418,058	€325,823	▼ 22.1%
Operating profit (loss)9901	-€20,735	-€28,179	-€44,338	-€17,301	-€20,581	-€1,811	€217,325	€225,586	▲ 3.8%
Financial income75/76B	-	-	-	-	€0	€485	€0	-	-
Recurring financial income75	-	-	-	-	€0	€485	€0	-	-
Financial charges65/66B	-	-	-	€7,632	€6,770	€6,163	€5,337	€21,628	▲ 305%
Recurring financial charges65	€968	€9,597	€6,325	€7,632	€6,770	€6,163	€5,337	€21,628	▲ 305%
Profit (loss) for the period before taxes9903	-€21,703	-€37,776	-€50,663	-€24,932	-€27,351	-€7,490	€211,988	€203,958	▼ 3.8%
Income taxes67/77	-	-	-	-	-	-	-	€56,224	-
Profit (loss) for the period9904	-€21,703	-€37,776	-€50,663	-€24,932	-€27,351	-€7,490	€211,988	€147,735	▼ 30.3%
Profit (loss) for the period to be appropriated9905	-€21,703	-€37,776	-€50,663	-€24,932	-€27,351	-€7,490	€211,988	€147,735	▼ 30.3%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€0.8m	€0.9m	€1.1m	€1.2m	€1.2m	€1.1m	€1.3m	€1.3m	▲ 0.3%
Fixed assets21/28	€0.8m	€0.9m	€1.1m	€1.1m	€1.2m	€1.1m	€1.3m	€1.1m	▼ 12.8%
Intangible fixed assets21	-	€0.1m	€0.1m	€0.1m	€0.1m	€0.1m	€0	-	-
Tangible fixed assets22/27	€0.8m	€0.8m	€0.9m	€1.0m	€1.0m	€1.0m	€1.3m	€1.1m	▼ 12.8%
Land and buildings22	-	-	-	€1.0m	€1.0m	€1.0m	€1.3m	€1.1m	▼ 12.6%
Plant, machinery and equipment23	-	-	-	€0.009m	€0.006m	€0.004m	€0.002m	€0	▼ 100%
Furniture and vehicles24	-	-	-	€0.002m	€0.002m	€0.001m	€420	€0	▼ 100%
Current assets29/58	€0.005m	€0.03m	€0.02m	€0.008m	€0.002m	€0.006m	€0.004m	€0.2m	▲ 40×
Amounts receivable within one year40/41	€0.005m	€0.01m	€0.01m	€323	€293	€0.004m	€0.001m	€0.002m	▲ 94.6%
Trade receivables40	-	-	-	€323	€12	€0.004m	€0	€0.001m	-
Other amounts receivable41	-	-	-	€0	€281	€0	€0.001m	€0.001m	▼ 0.8%
Cash at bank and in hand54/58	€0.001m	€0.02m	€0.001m	€0.008m	€0.001m	€0	€0.002m	€0.2m	▲ 94×
Deferred charges and accrued income490/1	-	-	-	-	€0.001m	€0.002m	€0.002m	€0.001m	▼ 39.1%
Equity and liabilities
Total equity and liabilities10/49	€0.8m	€0.9m	€1.1m	€1.2m	€1.2m	€1.1m	€1.3m	€1.3m	▲ 0.3%
Equity10/15	-€0.07m	-€0.1m	-€0.2m	-€0.2m	-€0.2m	-€0.2m	-€0.003m	€0.2m	-
Contributions10/11	€0.2m	€0.2m	-	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	=
Capital10	-	-	-	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	=
Issued capital100	-	-	-	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	=
Revaluation surpluses12	-	-	-	-	-	-	-	€0.05m	-
Reserves13	€0.007m	€0.007m	€0.007m	€0.001m	€0.001m	€0.001m	€0.001m	€0.001m	=
Non-distributable reserves130/1	-	-	-	€0.001m	€0.001m	€0.001m	€0.001m	€0.001m	=
Legal reserve130	-	-	-	€0.001m	€0.001m	€0.001m	€0.001m	€0.001m	=
Distributable reserves133	-	-	-	€0	-	-	-	-	-
Profit (loss) carried forward14	-€0.2m	-€0.3m	-€0.3m	-€0.3m	-€0.4m	-€0.4m	-€0.2m	-€0.006m	▲ 96.3%
Amounts payable17/49	€0.8m	€1.0m	€1.3m	€1.3m	€1.4m	€1.4m	€1.3m	€1.1m	▼ 14.7%
Amounts payable after more than one year17	€0.01m	€0.2m	€0.3m	€0.3m	€0.3m	€0.2m	€0.2m	€0.05m	▼ 77.6%
Financial debts170/4	-	-	-	€0.3m	€0.3m	€0.2m	€0.2m	€0.05m	▼ 77.6%
Amounts payable within one year42/48	€0.8m	€0.8m	€0.9m	€1.0m	€1.1m	€1.1m	€1.1m	€1.1m	▼ 3.4%
Current portion of amounts payable after more than one year42	-	-	-	€0.03m	€0.04m	€0.04m	€0.04m	€0	▼ 100%
Financial debts43	-	-	-	€0	-	-	-	-	-
Credit institutions430/8	-	-	-	€0	-	-	-	-	-
Trade debts44	-	€0.002m	€0.002m	€485	€0.007m	€0.006m	€0.006m	€0.004m	▼ 28.3%
Suppliers440/4	-	-	-	€485	€0.007m	€0.006m	€0.006m	€0.004m	▼ 28.3%
Taxes, remuneration and social security45	-	-	-	€0.002m	€0.002m	€0.001m	€0	€0.06m	-
Taxes450/3	-	-	-	€0.002m	€0.002m	€0.001m	€0	€0.06m	-
Other amounts payable47/48	-	-	-	€1.0m	€1.1m	€1.1m	€1.1m	€1.0m	▼ 5.2%
Accrued charges and deferred income492/3	-	-	-	-	-	€296	€0	-	-

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	-€21,703	-€37,776	-€50,663	-€24,932	-€27,351	-€7,490	€211,988	€147,735	▼ 30.3%
+ Depreciation and write-downs630	€31,772	€31,772	€38,920	€47,408	€53,086	€51,272	€42,693	€29,025	▼ 32.0%
Operating cash flow (approximation)	€10,069	-€6,004	-€11,743	€22,475	€25,735	€43,782	€254,681	€176,759	▼ 30.6%
Investment in fixed assets (approximation)	-	-€176,126	-€213,811	-€115,709	-€89,616	-€4,607	-€218,311	€138,635	-
Change in cash	-	€18,971	-€18,368	€7,027	-€7,039	-€1,101	€1,840	€171,214	▲ 93×

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 2,613 companies had the same profile as PP has now. Two years later, 97.3% were still going and 0.7% had gone bankrupt.

Small
20 years or older
solvency 10 to 30%
a profit of 5% of the balance sheet or more

97.3% was still going

2.0% stopped otherwise

0.7% went bankrupt

That fits the bankruptcy probability of PP itself: < 0.1% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,613 companies, not a prediction for PP. 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.

Latest 10 of 49 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	22-07-2026	2026-00316316	PDF
31-12-2024	micro format	27-08-2025	2025-00416892	PDF
31-12-2023	micro format	21-08-2024	2024-00355426	PDF
31-12-2022	micro format	18-07-2023	2023-00243586	PDF
31-12-2021	micro format	29-08-2022	2022-20332852	PDF
31-12-2020	micro format	26-08-2021	2021-53300360	PDF
31-12-2019	micro format	20-07-2020	2020-31800100	PDF
31-12-2018	micro format	25-06-2019	2019-22800401	PDF
31-12-2017	micro format	22-06-2018	2018-22000203	PDF
31-12-2016	abbreviated format	28-06-2017	2017-23500095	PDF

Show all 49 filings

Board & ownership

Directors

3 directors, last change in 2026

Act of 17-08-2026Capital increase of €450,000 to €600,000Appointment: BV A&C BEDRIJFSREVISOREN (company auditor) · Auditor report · Shareholding

Board 3

Garcia-Garcia Nathalie

Director · since 09-06-2016 · listed in the 2025 annual accounts, filed on 22-07-2026

Current

Delmulle Seger

Director · since 18-11-2019 · listed in the 2025 annual accounts, filed on 22-07-2026

Current

Segers Delmulle

Director · in office according to the act of 31-07-2026 · 6-year term from 2025

Current

Statutory auditor 1

BV A&C BEDRIJFSREVISOREN

Auditor · appointed in the act of 17-08-2026 · permanent representative: Bert De Clercq

Current

Office holders in the KBO →

Owners and capital

Shareholders

1 owner

Grond en Bouwcentrum
Sourceact 17-08-2026
Equity €231,791 Loss of €84,733 in 2025 (profit of €27,979 in 2024) Checked score 67

share not stated

Capital transactions

Shareholders according to the deeds

Stated in the act act of 17-08-2026 ↗

Grond- en Bouwcentrum (BE 0405.418.725)
Delmulle Seger

Capital over time

17-08-2026 Capital increase of €450,000 · to €600,000 · 642 new shares at €700.60 per share · in kind

Mandate history

5 people, 4 in office

All 5 In office 4 Ended 1

Board
Statutory auditor
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Delmulle Seger	Director, from 18-11-2019 to date
Garcia-Garcia Nathalie	Director, since before 09-06-2022
Segers Delmulle	Director, since before 17-11-2025
BV A&C BEDRIJFSREVISOREN	Auditor, appointed in the act of 17-08-2026, still in office
Dooreman Van Thillo Debora	Director, until 12-12-2022

See the board, name and registered office on a given date →

Network & group

Connections & network

3 current directors

Depth

The network starts from the directors of PP. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

Acts, filings and financial milestones

All 16Financial 3Gazette 3Filings 10

Deadline for the 2026 accounts: 31-07-2027

2026

17-08

Gazette deed Capital increase of €450,000 to €600,000

Appointment: BV A&C BEDRIJFSREVISOREN (company auditor) · Auditor report · Shareholding18 points ▸

General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
Other provision, “presentation of reports, artikel 7:179/7:197 WVV” (deed in Dutch)
Other provision, 18-06-2026
Auditor appointment, BV A&C BEDRIJFSREVISOREN (company auditor)
Auditor report, 18-06-2026, mentioned 2 times in the deed
Auditor report, “enkel opgesteld uit hoofde van artikel 7:179 en artikel 7:197 juncto artikel 7:179 in het kader van een niet-geldelijke inbreng in de vennootschap PP NV, beperk…” (deed in Dutch)
Auditor report, “overige aangelegenheden, geen wezenlijke invloed op de controle” (deed in Dutch)
Capital increase, €450,000
Grond- en Bouwcentrum is a shareholder
Delmulle Seger is a shareholder
Share issue, “nieuwe aandelen”, 571 (deed in Dutch)
Share issue, “nieuwe aandelen”, 71 (deed in Dutch)
The act holds 6 more points.

Open the act in the Belgian Official Gazette

31-07

Gazette deed Reappointment: Segers Delmulle (director)

Power of attorney4 points ▸

General meeting, 01-07-2026
Power of attorney, Camille Duysburgh
Power of attorney, Jorn Peyskens
Director reappointment, Segers Delmulle (director)

Open the act in the Belgian Official Gazette

22-07

NBB filing Annual accounts 2025 filedNBB

abbreviated format · 9 days before the deadline

2025

31-12

Financial Equity above €150,000equity €195,016

After 2 profitable years in a row, equity reaches €195,016.

27-08

NBB filing Annual accounts 2024 filedPDF

micro format · 27 days late

2024

31-12

Financial Back to profitnet €211,988

The net result is €211,988, after 6 loss-making years.

21-08

NBB filing Annual accounts 2023 filedPDF

micro format · 21 days late

2023

18-07

NBB filing Annual accounts 2022 filedPDF

micro format · 13 days before the deadline

2022

12-12

Gazette deed Reappointment: Garcia-Garcia Nathalie (director)

Resignation: Dooreman Van Thillo Debora (director)3 points ▸

General meeting, 09-06-2022
Director reappointment, Garcia-Garcia Nathalie (director)
Director resignation, Dooreman Van Thillo Debora (director)

Open the act in the Belgian Official Gazette

29-08

NBB filing Annual accounts 2021 filedPDF

micro format · 29 days late

2021

26-08

NBB filing Annual accounts 2020 filedPDF

micro format · 26 days late

2020

31-12

Financial Weakest financial yearnet -€50,663

The net result drops to -€50,663, the lowest from 2018 to 2025. It recovers the following year.

Show earlier events

20-07

NBB filing Annual accounts 2019 filedPDF

micro format · 11 days before the deadline

2019

25-06

NBB filing Annual accounts 2018 filedPDF

micro format · 36 days before the deadline

2018

22-06

NBB filing Annual accounts 2017 filedPDF

micro format · 39 days before the deadline

2017

28-06

NBB filing Annual accounts 2016 filedPDF

abbreviated format · 33 days before the deadline

Show all 49 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

On 18 June 1966, PP was incorporated.¹ A capital increase in 2026 brought the capital to €600,000.² Total assets went from €765,926 in 2018 to €1.3m in 2025.³

Company details

Register details

Identity

KBO record

Name PP in Dutch

Enterprise number 0405.434.066

Legal form Public limited company

Status Active, normale toestand

Founded 18-06-1966

Entity type Legal entity

Registered office and establishments

Registered office Kortrijkstraat (P.-E.) 28, 9790 Wortegem-Petegem, Belgium

Establishment unit Henri Lebbestraat 1, 8790 Waregem since 01-12-1966 · unit number 2.000.356.17055100 Hotels and similar accommodation

Activities

NACEBEL 2025

77223 Rental and leasing activities main activity

68203 Renting and operating of own or leased non-residential real estate, excluding land

Codes under NACEBEL 2008

77293 Rental and leasing activities main activity

68203 Real estate rental

Codes under NACEBEL 2003

71404 main activity

70203

Invoicing and payment

VAT number BE 0405.434.066

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0405434066

Other Peppol ID 9925:BE0405434066

Registered 24-12-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Financial year and general meeting

Accounts at the NBB

Financial year end 31-12

Notices of general meetings

Ordinary general meeting

at the registered office · published on 24-05-2013

Verslag raad van bestuur. Goedkeuring jaarrekening per 31/12/2012. Bestemming resultaat. Kwijting bestuurders.

Sites & property

Location

registered office establishment The establishment unit on the map

Buildings and parcels at the addresses

Ground area

1,707 m²

Building footprint

1,072 m²

Building volume

7,673 m³

Tallest building: 14.9 m.

Cadastral parcel	Region	Area	Buildings	Height / floors
45039C0147/00L002	Flanders	1,353 m²	1 · 951 m²	13.8 m · 3
34040C1370/00Y000	Flanders	354 m²	1 · 122 m²	14.9 m

Overview

Overview

Official details

Board and ownership

Financial position

Checked score

Signals

Financials

Financials · financial year 2025, abbreviated format

Securities and guarantees

Investments

Historical observation

Board & ownership

Directors

Board 3

Statutory auditor 1

Owners and capital

Shareholders

Owners 1

Capital transactions

Mandate history

Network & group

Connections & network

Timeline

Acts, filings and financial milestones

History

Company details

Register details

Identity

Registered office and establishments

Activities

Invoicing and payment

Financial year and general meeting

Sites & property

Buildings and parcels at the addresses