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PQ

Active
General partnershipfounded 200619 yrs activeSchrikheidestraat 162B, 3582 Beringen, BelgiumKBO/BCE: BE 0885.537.645
Summary

PQ has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €176,943 and a net result of €1,531. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 3940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability38=
Solvency68▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.88 against 2.89 in 2023; short-term debt: 34.7% and cash: 8% of total assets), but 57.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
397 d late
2020
181 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 160 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed 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

PQ was incorporated on 22 November 2006.1 Total assets rose from EUR 195,286 in 2020 to EUR 412,485 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€176,943▲ 0.9%
2023 · €175,412
Total assets
€412,485▼ 2.0%
2023 · €420,960
Net result
€1,531▲ 74.0%
2023 · €880
Working capital
€269,250▼ 2.2%
2023 · €275,412
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2020202220232024
Operating result€18,934-€19,772-€1,506▼ 92.4%€9,793▲ 550%
Net result€13,665within the sector's middle half-€17,272within the sector's middle half-€880within the sector's middle half▼ 94.9%€1,531within the sector's middle half▲ 74.0%
Equity-€420,724below the sector's middle half-€174,532within the sector's middle half-€175,412within the sector's middle half▲ 0.5%€176,943within the sector's middle half▲ 0.9%
Total assets€195,286within the sector's middle half-€289,700within the sector's middle half-€420,960within the sector's middle half▲ 45.3%€412,485within the sector's middle half▼ 2.0%
Debt€616,010-€115,168-€245,549▲ 113%€235,542▼ 4.1%
Working capital€108,376above the sector's middle half-€174,532above the sector's middle half-€275,412above the sector's middle half▲ 57.8%€269,250above the sector's middle half▼ 2.2%
Solvency-215.4%below the sector's middle half-60.2%above the sector's middle half-41.7%within the sector's middle half▼ 18.6pp42.9%within the sector's middle half▲ 1.2pp
Current ratio2.26within the sector's middle half-2.52above the sector's middle half-2.89above the sector's middle half▲ 0.382.88above the sector's middle half▼ 0.01
Return on assets (ROA)7.0%within the sector's middle half-6.0%within the sector's middle half-0.2%within the sector's middle half▼ 5.8pp0.4%within the sector's middle half▲ 0.2pp
above within below the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000€20,000Operating result 2020: €18,934€18,934Net result 2020: €13,665€13,665Operating result 2022: €19,772€19,772Net result 2022: €17,272€17,272Operating result 2023: €1,506€1,506Net result 2023: €880€880Operating result 2024: €9,793€9,793Net result 2024: €1,531€1,5312020202220232024€0€5,000€10,000€15,000€20,000Operating result 2022: €19,772€19,800Net result 2022: €17,272€17,300Operating result 2023: €1,506€1,510Net result 2023: €880€880Operating result 2024: €9,793€9,790Net result 2024: €1,531€1,530202220232024
The operating result recovers in 2024; 2024 is 550% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €412,485
Equity €176,943 ▲ 0.9%
Debt €235,542 ▼ 4.1%
Debt's share of the balance-sheet total falls from 58.3% to 57.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Quick ratio
2.15▲
2023 · 1.97
Debt to equity
1.33▼
2023 · 1.40
ROE
0.9%▲
2023 · 0.5%
Debt ≤ 1 year
€143,236▼
2023 · €145,549
Debt > 1 year
€92,307▼
2023 · €100,000
Income taxes
€5,531
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.6% went bankrupt
4.0% 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 < 0.1% 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 497,662 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% 1.7%
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 75% 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 10,905 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 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€420,960€412,485▼
Current assets29/58€420,960€412,485▼
Stocks and contracts in progress3€134,404€105,054▼
Stocks30/36€134,404€105,054▼
Amounts receivable within one year40/41€247,589€274,288▲
Trade receivables40€221,248€251,588▲
Other amounts receivable41€26,341€22,700▼
Cash at bank and in hand54/58-€33,144
Deferred charges and accrued income490/1€38,968-
Equity and liabilities
Total equity and liabilities10/49€420,960€412,485▼
Equity10/15€175,412€176,943▲
Contributions10/11€564,480€564,480=
Profit (loss) carried forward14-€389,068-€387,537▲
Amounts payable17/49€245,549€235,542▼
Amounts payable after more than one year17€100,000€92,307▼
Financial debts170/4-€75,000
Other amounts payable178/9€100,000€17,307▼
Amounts payable within one year42/48€145,549€143,236▼
Financial debts43€1,750€1,750=
Credit institutions430/8€1,750€1,750=
Trade debts44€79,769€46,386▼
Suppliers440/4€79,769€46,386▼
Taxes, remuneration and social security45-€1,070
Taxes450/3-€1,070
Other amounts payable47/48€64,030€94,030▲
Income statement Code20232024
Other operating charges640/8€2,375€910▼
Gross operating margin9900€3,881€10,703▲
Operating profit (loss)9901€1,506€9,793▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€626€2,731▲
Recurring financial charges65€626€2,731▲
Profit (loss) for the period before taxes9903€880€7,063▲
Income taxes67/77-€5,531
Profit (loss) for the period9904€880€1,531▲
Profit (loss) for the period to be appropriated9905€880€1,531▲
Appropriation of the result
Profit (loss) to be appropriated9906-€389,068-€387,537▲
Profit (loss) brought forward from the previous period14P-€389,948-€389,068▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2020202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,150----
Other operating charges640/8-€602€2,375€910▼ 61.7%
Gross operating margin9900€21,431€20,374€3,881€10,703▲ 176%
Operating profit (loss)9901€18,934€19,772€1,506€9,793▲ 550%
Financial income75/76B-€0-€1-
Recurring financial income75-€0-€1-
Financial charges65/66B-€2,500€626€2,731▲ 337%
Recurring financial charges65€5,269€2,500€626€2,731▲ 337%
Profit (loss) for the period before taxes9903€13,665€17,272€880€7,063▲ 702%
Income taxes67/77---€5,531-
Profit (loss) for the period9904€13,665€17,272€880€1,531▲ 74.0%
Profit (loss) for the period to be appropriated9905€13,665€17,272€880€1,531▲ 74.0%
Line2020202220232024Change
Assets
Total assets20/58€195,286€289,700€420,960€412,485▼ 2.0%
Fixed assets21/28€1,150€0---
Tangible fixed assets22/27€1,150€0---
Other tangible fixed assets26-€0---
Current assets29/58€194,136€289,700€420,960€412,485▼ 2.0%
Stocks and contracts in progress3€90,500€106,318€134,404€105,054▼ 21.8%
Stocks30/36-€106,318€134,404€105,054▼ 21.8%
Amounts receivable within one year40/41€76,173€115,438€247,589€274,288▲ 10.8%
Trade receivables40-€115,112€221,248€251,588▲ 13.7%
Other amounts receivable41-€326€26,341€22,700▼ 13.8%
Cash at bank and in hand54/58-€10,015-€33,144-
Deferred charges and accrued income490/1-€57,930€38,968--
Equity and liabilities
Total equity and liabilities10/49€195,286€289,700€420,960€412,485▼ 2.0%
Equity10/15-€420,724€174,532€175,412€176,943▲ 0.9%
Contributions10/11-€564,480€564,480€564,480=
Profit (loss) carried forward14-€425,724-€389,948-€389,068-€387,537▲ 0.4%
Amounts payable17/49€616,010€115,168€245,549€235,542▼ 4.1%
Amounts payable after more than one year17€525,000-€100,000€92,307▼ 7.7%
Financial debts170/4---€75,000-
Other amounts payable178/9--€100,000€17,307▼ 82.7%
Amounts payable within one year42/48€85,760€115,168€145,549€143,236▼ 1.6%
Financial debts43-€1,750€1,750€1,750=
Credit institutions430/8-€1,750€1,750€1,750=
Trade debts44€74,154€48,079€79,769€46,386▼ 41.8%
Suppliers440/4-€48,079€79,769€46,386▼ 41.8%
Taxes, remuneration and social security45-€1,310-€1,070-
Taxes450/3-€1,310-€1,070-
Other amounts payable47/48-€64,030€64,030€94,030▲ 46.9%
Line2020202220232024Change
Profit (loss) for the period9904€13,665€17,272€880€1,531▲ 74.0%
+ Depreciation and write-downs630€2,150----
Operating cash flow (approximation)€15,815€17,272€880€1,531▲ 74.0%

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
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 397 days late
2023
31-12
Financial Weakest financial yearnet €880 ▼94.9%
Net result drops to €880, the lowest in the series; recovery starts the following year.
2022
31-12
Financial Highest result since 2020net €17,272 ▲26.4%
Operating result €19,772, net result €17,272, both a record.
31-12
Financial Equity above €150,000Eq €174,532
2 profitable years in a row build equity to €174,532.
28-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 181 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 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, Beringen · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
2,946 m²
Building footprint
312 m²
Volume, LiDAR
1,362 m³
Parcel 71029B1165/00W008, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pure Equestrian
Schrikheidestraat 162B, 3582 BeringenCrop and animal production, hunting and related service activities
since 20062.157.896.939
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71029B1165/00W008 Flanders 2,946 m² 1 · 312 m² 6.6 m · 1 fl.
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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. ONE LANE 50.01%
  2. PQ

Highest known parent: ONE LANE. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 800 companies in sector 01450 we hold annual accounts for 114. 84 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formGeneral partnership
Founded22-11-2006
Fiscal year end31-12
Activities, NACEBEL 2025
01450Raising of sheep and goats
01620Support activities for animal production
46216Wholesale of agricultural produce and animal feed, general range
46231Wholesale of live animals
46610Wholesale trade
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0885537645
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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