Debts
€33,595 72% of the balance sheet
Financial debts 30%Suppliers 24%Taxes and wages 36%Other 10%
Of this, €23,220 falls due within a year.
PP Works
Lifetime
2 annual accounts with figures on one time axispeak €84,026 (2025)
€84,026▲ 4.4%
peak €9,352 (2025)
€9,352▲ 12×
peak €13,165 (2025)
€13,165▲ 245%
€33,595▲ 65.2%
Board1 name since 2024
1 directorPELLICER LE TRONG Paul Marino
Documentsfilings and deeds
26-06-202635 days before the deadline
2025micro format
Result from €813 to €9,352Equity from €3,813 to €13,165Debts from €20,330 to €33,595Cash from €775 to €9,364
Key points
from the 2025 annual accountsInvestments
€12,500 20.3 × depreciation
Green is investment, beige is depreciation.
Staff
2 employees on 31-12-2025
In 2025, 2 people joined and 3 left.
Checked score
52
Fair
Financially stronger than 65% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,457 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 3.6%
05-2025: 3.6%● unchanged vs 04-2025
06-2025: 3.7%▲ +0.1 percentage points vs 05-2025
07-2025: 4.1%▲ +0.4 percentage points vs 06-2025
08-2025: 4.2%▲ +0.1 percentage points vs 07-2025
09-2025: 4.9%▲ +0.7 percentage points vs 08-2025
10-2025: 4.9%● unchanged vs 09-2025
11-2025: 5.2%▲ +0.3 percentage points vs 10-2025
12-2025: 5.2%● unchanged vs 11-2025
01-2026: 5.0%▼ -0.2 percentage points vs 12-2025
02-2026: 5.0%● unchanged vs 01-2026
03-2026: 5.2%▲ +0.2 percentage points vs 02-2026
04-2026: 5.4%▲ +0.2 percentage points vs 03-2026
05-2026: 5.4%● unchanged vs 04-2026highest value
06-2026: 5.4%● unchanged vs 05-2026
07-2026: 5.3%▼ -0.1 percentage points vs 06-2026
08-2026: 4.8%▼ -0.5 percentage points vs 07-2026
09-2026: 4.9%▲ +0.1 percentage points vs 08-2026
10-2026: 2.9%▼ -2.0 percentage points vs 09-2026
11-2026: 2.9%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €46,761
lowers risk
Liquidity: current ratio 1.50, cash €9,364
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 41, micro). It does better than 35% of them on solvency, 52% on liquidity, 78% on profitability and 95% on growth.
The bankruptcy probability was computed on 06-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 7,976 companies had the same profile as PP Works has now. Each dot stands for 20 companies, two years later.
94.4%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PP Works itself: 2.9% 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 7,976 companies, not a prediction for PP Works. 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 €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.5 (1.19 in 2024), above the usual 1.5. Short-term debt is 49.7% and cash 20% of total assets. However, 71.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
35 days early
2024
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 2 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed 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.
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007723496
Incorporation
Founding capital of €3,000, 100 shares · Founder: PELLICER LE TRONG Paul Marino · Appointment: PELLICER LE TRONG Paul Marino (director) · published on 02-04-2024 · Gazette deed
First establishment
Zuurbroekstraat 37, Zutendaal
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PP Works Zutendaal | €46,761 | €84,026 | 28.2% | - |
| BS ELECTRIK Dilbeek | €46,423 | €79,734 | 58.6% | - |
| JMH Rénov Visé | €47,217 | €90,160 | 61.4% | - |
| AJM CONSTRUCT Overijse | €48,253 | €80,103 | 21.1% | - |
| ENTREPRISE DANDOY Mons | €42,656 | €98,391 | 42.5% | - |
| CONSTRUCTION HUTOISE Héron | €52,778 | €71,663 | 67.9% | - |
| GK Peter Renovatie Antwerp | €48,685 | €66,515 | 35.0% | - |
These companies have the same main activity as PP Works: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €42,700 and €52,800, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 28-03-2024Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Establishment unit
- 2.357.883.2253690 Zutendaal, since 28-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2025
- ≈ €440,000estimated
- €46,761▲ 93.7%
- Employeeson 31-12-2025
- 2▼ 33.3%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on PP Works
The computed 12-month bankruptcy probability of PP Works is 2.9% (moderate). The 2025 annual accounts show equity of €13,165 and a net result of €9,352.
Its solvency ranks better than 35% of 9,435 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 PP Works
- What is the company number of PP Works?
- The company number of PP Works is 1007.723.496. The VAT number is the same number with BE in front: BE 1007.723.496.
- Where is PP Works based?
- The registered office is at Zuurbroekstraat 37, 3690 Zutendaal.Company details
- What does PP Works do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of PP Works?
- PP Works is a private limited company (BV).
- When was PP Works founded?
- PP Works was founded on 28-03-2024.
- Is PP Works still active?
- Yes, PP Works is an active enterprise in the KBO register.
- How many employees does PP Works have?
- PP Works had an average of 1.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PP Works?
- The turnover in financial year 2025 is ≈ €440,000. This figure is estimated from the gross margin of €84,026 and 108 comparable companies (NACE 41001). It probably lies between €310,000 and €720,000.
- Is PP Works profitable?
- In financial year 2025, PP Works made a profit of €9,352.
- Where can I find the annual accounts of PP Works?
- PP Works filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PP Works due?
- PP Works must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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