@PPEL
ActiveSummary
@PPEL has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €353,214, of which €431,093 non-recurring income. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 63% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-03-2018 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 4 others
- Establishment unit
- 2.275.947.820 3590 Diepenbeek, since 22-03-2018
- Financial year end
- 30 September
- Peppol
- Reachable since 31-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €656,719
- Turnover
- ≈ €730,000
- estimated
- Profit
- €353,214
- Equity
- €1.3m
- Total assets
- €2.9m
- 2025 accounts filed 29 days after the deadline
Score breakdownraises riskLast filed accounts filed 29 days late; 1 of the last 3 accounts latelowers riskSize: total assets €2.9mFigures for financial year 2025 (filed on 05-06-2026)Sector: Real estate activities (NACE 68)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, small). It does better than 65% of them on solvency, 87% on liquidity and 94% on profitability.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 83 days after the deadline. In the sector (NACE 68), the median for financial year 2023 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 29 days after the deadline Filed on 29 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00138495.
Annual accounts 2025 filed on 29-05-2026 PDF all 6 filings
Every figure per financial year
The operating result for 2025 is €505,716, against €179,417 in 2023. Comparable figures for the intervening years are unavailable.
Securities and guarantees
| Item | 30-09-2019 | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €2.5m | €2.0m | - | - |
| Mortgages, amount registered | - | €50,000 | €50,000 | €50,000 | - |
| Mortgage mandates | - | €4.5m | €4.5m | €4.5m | - |
| Carrying value of the mortgaged assets | - | - | €2.2m | - | - |
Source: notes to the 2019 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2019 | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.7m | €123,949 | €103,820 | €60,342 | €541,302 |
| Depreciation and write-downs of the year | €58,488 | €63,366 | €61,807 | €65,170 | €68,800 |
Source: notes to the 2019 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €96 awarded · €96 paid| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €270,000 | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €90,173 | €43,695 | €76,127 | €431,093 | - |
| Goods, raw materials, services and sundry goods60/61 | €205,522 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,488 | €55,020 | €63,366 | €61,807 | €65,170 | €68,800 | - |
| Other operating charges640/8 | €17,458 | - | €29,321 | €26,885 | €31,505 | €82,203 | - |
| Gross operating margin9900 | €65,261 | €169,109 | €276,616 | €237,276 | €276,092 | €656,719 | - |
| Operating profit (loss)9901 | -€10,685 | €112,315 | €183,930 | €148,585 | €179,417 | €505,716 | - |
| Financial income75/76B | €36,357 | - | €19,920 | €11,541 | - | - | - |
| Recurring financial income75 | €36,357 | €36,084 | €19,920 | €11,541 | - | - | - |
| Financial charges65/66B | €27,561 | - | €62,918 | €65,412 | €46,848 | €28,666 | - |
| Recurring financial charges65 | €27,561 | €62,083 | €62,918 | €65,412 | €46,848 | €28,666 | - |
| Profit (loss) for the period before taxes9903 | -€1,889 | €86,316 | €140,932 | €94,714 | €132,569 | €477,050 | - |
| Transfer from deferred taxes780 | - | - | - | - | - | €881 | - |
| Transfer to deferred taxes680 | - | - | - | - | - | €107,773 | - |
| Income taxes67/77 | - | €7,847 | €43,889 | €33,599 | €39,362 | €16,944 | - |
| Profit (loss) for the period9904 | -€1,889 | €78,469 | €97,044 | €61,116 | €93,206 | €353,214 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €2,644 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €323,320 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,889 | €78,469 | €97,044 | €61,116 | €93,206 | €32,539 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.9m | €4.1m | €3.5m | €3.1m | €2.6m | €2.9m | - |
| Fixed assets21/28 | €1.6m | €2.2m | €2.2m | €2.2m | €2.2m | €2.3m | - |
| Tangible fixed assets22/27 | €1.6m | €2.2m | €2.2m | €2.2m | €2.2m | €2.3m | - |
| Land and buildings22 | €0.9m | - | €2.1m | €2.2m | €2.2m | €2.2m | - |
| Furniture and vehicles24 | - | - | - | - | - | €0.09m | - |
| Assets under construction and advance payments27 | €0.8m | - | €0.1m | €0 | - | - | - |
| Current assets29/58 | €1.2m | €1.9m | €1.2m | €0.9m | €0.4m | €0.5m | - |
| Amounts receivable within one year40/41 | €1.2m | €1.8m | €1.2m | €0.8m | €0.4m | €0.3m | - |
| Trade receivables40 | €0.1m | - | €0.4m | €0.3m | €0.4m | €0.3m | - |
| Other amounts receivable41 | €1.1m | - | €0.9m | €0.5m | €0.02m | - | - |
| Cash at bank and in hand54/58 | €0.001m | €0.02m | €0.001m | €0.05m | €0.01m | €0.2m | - |
| Deferred charges and accrued income490/1 | €0.002m | - | €484 | €0.001m | €0.001m | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.9m | €4.1m | €3.5m | €3.1m | €2.6m | €2.9m | - |
| Equity10/15 | €0.6m | €0.6m | €0.7m | €0.8m | €0.9m | €1.3m | - |
| Contributions10/11 | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | - |
| Reserves13 | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | €1.0m | - |
| Non-distributable reserves130/1 | €0.2m | - | €0.02m | - | - | - | - |
| Reserves not available under the articles1311 | €0.02m | - | €0.02m | - | - | - | - |
| Other1319 | €0.1m | - | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | €0.4m | - |
| Distributable reserves133 | €0.02m | - | €0.3m | €0.4m | €0.5m | €0.6m | - |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | - |
| Provisions and deferred taxes16 | - | - | - | - | - | €0.1m | - |
| Deferred taxes168 | - | - | - | - | - | €0.1m | - |
| Amounts payable17/49 | €2.3m | €3.4m | €2.7m | €2.3m | €1.7m | €1.4m | - |
| Amounts payable after more than one year17 | - | - | - | €1.4m | €1.3m | €1.2m | - |
| Financial debts170/4 | - | - | - | €1.4m | €1.3m | €1.2m | - |
| Amounts payable within one year42/48 | €2.3m | €3.4m | €2.7m | €0.9m | €0.4m | €0.2m | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.1m | - |
| Financial debts43 | €2.2m | - | €2.5m | €0.5m | - | - | - |
| Credit institutions430/8 | €2.2m | - | €2.5m | €0.5m | - | - | - |
| Trade debts44 | €0.06m | €0.06m | €0.1m | €0.04m | €0.02m | €0.04m | - |
| Suppliers440/4 | €0.06m | - | €0.1m | €0.04m | €0.02m | €0.04m | - |
| Taxes, remuneration and social security45 | €0.007m | - | €0.06m | €0.05m | €0.05m | €0.04m | - |
| Taxes450/3 | €0.007m | - | €0.06m | €0.05m | €0.05m | €0.04m | - |
| Other amounts payable47/48 | €0.1m | - | €0.02m | €0.2m | €0.2m | €0.05m | - |
| Accrued charges and deferred income492/3 | €375 | - | €375 | €0.005m | €0.02m | €0.005m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,889 | €78,469 | €97,044 | €61,116 | €93,206 | €353,214 | - |
| + Depreciation and write-downs630 | €58,488 | €55,020 | €63,366 | €61,807 | €65,170 | €68,800 | - |
| Operating cash flow (approximation) | €56,599 | €133,488 | €160,410 | €122,922 | €158,377 | €422,014 | - |
| Investment in fixed assets (approximation) | - | -€644,113 | -€54,852 | -€65,392 | -€2,699 | - | - |
| Change in cash | - | €14,090 | -€14,908 | €54,127 | -€43,605 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,782 companies had the same profile as @PPEL has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of @PPEL 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.
| 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 6,782 companies, not a prediction for @PPEL. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 29-05-2026 | 2026-00138495 | |
| 30-09-2023 | abbreviated format | 31-05-2024 | 2024-00109265 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00073562 | |
| 30-09-2021 | abbreviated format | 24-05-2022 | 2022-20035216 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-13000550 | |
| 30-09-2019 | abbreviated format | 17-06-2021 | 2021-20900390 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DAENEN PIETER |
|
| GREGOIRE WENDY |
|
Network & group
Board mandates elsewhere
1 board mandateCompanies at the same address
4 other companiesConnections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0692.824.082
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71403F0290/00G000 ProtectedMonument · Townscape or village viewSemi-gesloten hoevecomplex Groot Terherken: dwarsschuurSource ↗ |
Flanders | 3,502 m² | 1 · 320 m² | 9.1 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.