Result
-€126,926 -€126,926
From profit to loss in 2025, after a profit of €3.0m in 2024.
Project Pietelbeek
Lifetime
17 annual accounts with figures on one time axispeak €5.9m (2024)
€94,793▼ 98.4%
lowest -€574,138 (2023)
-€126,926▼ €3.2m
peak €1.2m (2024)
€1.1m▼ 10.6%
€5.2m▼ 35.3%
peak 0 FTE (2023)
0 FTE
Board3 names since 2011
2 directorsDE COSTER Felix and 1 other
Owners4 names in the annual accounts
60%LESCO and 1 other
Documentsfilings and deeds
24-06-202637 days before the deadline
2025abbreviated format
Gross margin from €5.9m to €94,793Loss of €126,9262 directors appointed, 1 manager resigning 16-09Debts from €8.1m to €5.2mCash from €2.7m to €213,857
Key points
from the 2025 annual accountsDebts
€5.2m 83% of the balance sheet
Financial debts 86%Suppliers 5%Taxes and wages 0%Other 9%
Of this, €275,202 falls due within a year.
Liquidity
22.87 was 4.43 in 2024
Short-term debts fell from €2.1m to €275,202.
Filings
17 annual accounts since 2009
The last five annual accounts were filed 7 to 37 days before the end of the period.
At the same address
13 companies
Position in the sector
-€126,926
Lower net result than 95% of companies in architecture and engineering. Sector median €27,060 · 2,563 companies.
Checked score
91
Excellent
Financially stronger than 31% of small companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.8%▲ +0.1 percentage points vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025highest value
08-2025: < 0.1%▼ -0.9 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 22.87, cash €213,857, halved
Loss of €126,926 (financial year 2025)
lowers risk
Size: total assets €6.3m
Figures for financial year 2025 (filed on 24-06-2026)
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 71, small). It does better than 23% of them on solvency, 61% on liquidity, 19% on profitability and 19% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 120 companies had the same profile as Project Pietelbeek has now. Each dot is one company, two years later.
95.0%
were still trading
5.0%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of Project Pietelbeek itself: 0.1% 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 120 companies, not a prediction for Project Pietelbeek. 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 €95,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 22.87 (4.43 in 2024), above the usual 1.5. Short-term debt is 4.4% and cash 3.4% of total assets. However, 83% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2565 sector peers (2025).
NBB · sector comparisonPosition among 2565 sector peers
Solvency
better than 21%
← weakest
strongest →
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
31 days early
2023
7 days early
2022
11 days early
2021
32 days early
2020
31 days early
2019
1 day 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 21 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- LESCO 60%score 91equity €2.6m (2025) · 2025 annual accounts of LESCO
- TROBEJA 40%score 91equity €19.0m (2025) · 2025 annual accounts of TROBEJA
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0806939436
2 directors appointed, 1 manager resigning
Resignation: Dirk SOMERS (statutory manager) · Appointments: LESCO and DE COSTER Felix · Permanent representative: CLAES Jan Baptiste · General meeting of 11-08-2025 · Gazette deed
Environmental permit granted
Aanleg van nieuwe verkeersweg, Het reliëf van de bodem aanmerkelijk wijzigen · Hasselt
Incorporation
published on 10-10-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Project Pietelbeek Houthalen-Helchteren | €6.3m | €94,793 | 17.0% | 0 |
| BATIMO Uccle | €5.2m | €79,141 | 88.4% | 0 |
| ARANEA LOPHEM Zedelgem | €2.6m | €110,584 | 81.5% | 0.4 |
| Belle Aalter | €4.4m | €222,020 | 10.4% | 0.8 |
| GROENERGIE Bree | €3.3m | €242,035 | 67.6% | 0 |
| MEZZA INVEST Halen | €5.3m | €332,640 | 26.1% | 0.5 |
| CONSEIL GESTION PATRIMOINE Couvin | €4.9m | €216,965 | 61.2% | 1 |
These companies have the same main activity as Project Pietelbeek: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €2.6m and €5.3m, founded between 1991 and 2012.
Official details
Source: KBO- Status
- Active since 08-10-2008Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 5 others
- Establishment unit
- 2.179.891.1933530 Houthalen-Helchteren, since 08-10-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- ≈ €210,000estimated
- €6.3m▼ 32.1%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on Project Pietelbeek
Project Pietelbeek files the abbreviated format. That format states no turnover. The gross margin rose from -€6,827 in 2009 to €94,793 in 2025.
LESCO holds 60% of the shares.
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 Project Pietelbeek
- What is the company number of Project Pietelbeek?
- The company number of Project Pietelbeek is 0806.939.436. The VAT number is the same number with BE in front: BE 0806.939.436.
- Where is Project Pietelbeek based?
- The registered office is at Centrum-Zuid 3401, 3530 Houthalen-Helchteren.Company details
- What does Project Pietelbeek do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Project Pietelbeek?
- Project Pietelbeek is a private limited company (BV).
- When was Project Pietelbeek founded?
- Project Pietelbeek was founded on 08-10-2008.
- Is Project Pietelbeek still active?
- Yes, Project Pietelbeek is an active enterprise in the KBO register.
- What is the turnover of Project Pietelbeek?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €94,793 and 62 comparable companies (NACE 711). It probably lies between €160,000 and €310,000.Financials
- Is Project Pietelbeek profitable?
- In financial year 2025, Project Pietelbeek made a loss of €126,926.
- Where can I find the annual accounts of Project Pietelbeek?
- Project Pietelbeek filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Project Pietelbeek due?
- Project Pietelbeek must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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