Pyck Wouter
ActiveSummary
Pyck Wouter has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €702,447 and a net result of €129,447. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency89▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 4.27 against 5.78 in 2024; short-term debt: 10.9% and cash: 39.3% of total assets), and 35.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.4%
Return on assets
11.9%
Age of the figures
9 mo
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
50 d early
2023
57 d early
2022
66 d early
2021
53 d early
2020
52 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€702,447▲ 15.5%
2024 · €608,012
Total assets
€1.1m▲ 11.6%
2024 · €976,911
Net result
€129,447▼ 54.8%
2024 · €286,249
Working capital
€390,744▼ 5.8%
2024 · €414,622
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€46,724▲ 35.3%€34,456▼ 26.3%€59,484▲ 72.6%€322,380▲ 442%€190,718▼ 40.8%
Net result€33,966within the sector's middle half▲ 39.0%€22,712within the sector's middle half▼ 33.1%€36,202within the sector's middle half▲ 59.4%€286,249above the sector's middle half▲ 691%€129,447above the sector's middle half▼ 54.8%
Equity€369,658within the sector's middle half▼ 10.7%€345,719within the sector's middle half▼ 6.5%€374,361within the sector's middle half▲ 8.3%€608,012within the sector's middle half▲ 62.4%€702,447above the sector's middle half▲ 15.5%
Total assets€397,611below the sector's middle half▼ 12.7%€692,723within the sector's middle half▲ 74.2%€677,479within the sector's middle half▼ 2.2%€976,911within the sector's middle half▲ 44.2%€1.1mwithin the sector's middle half▲ 11.6%
Debt€27,953▼ 32.9%€347,004▲ 1,141%€303,117▼ 12.6%€320,521▲ 5.7%€341,839▲ 6.7%
Working capital€269,826within the sector's middle half▼ 9.7%€163,281within the sector's middle half▼ 39.5%€131,708within the sector's middle half▼ 19.3%€414,622within the sector's middle half▲ 215%€390,744within the sector's middle half▼ 5.8%
Solvency93.0%above the sector's middle half▲ 2.1pp49.9%within the sector's middle half▼ 43.1pp55.3%within the sector's middle half▲ 5.4pp62.2%within the sector's middle half▲ 7.0pp64.4%within the sector's middle half▲ 2.2pp
Current ratio11.40above the sector's middle half▲ 3.222.49within the sector's middle half▼ 8.902.79within the sector's middle half▲ 0.305.78above the sector's middle half▲ 2.994.27above the sector's middle half▼ 1.50
Return on assets (ROA)8.5%within the sector's middle half▲ 3.2pp3.3%within the sector's middle half▼ 5.3pp5.3%within the sector's middle half▲ 2.1pp29.3%above the sector's middle half▲ 24.0pp11.9%within the sector's middle half▼ 17.4pp
Staff (FTE)7.1within the sector's middle half▼ 6.6%6.9within the sector's middle half▼ 2.8%6within the sector's middle half▼ 13.0%5.4within the sector's middle half▼ 10.0%3.9within the sector's middle half▼ 27.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€580,577 ▲ 22.1%
Current assets
€510,090 ▲ 1.7%
Equity and liabilities €1.1m
Equity
€702,447 ▲ 15.5%
Provisions
€46,380 ▼ 4.1%
Debt
€341,839 ▲ 6.7%
Debt's share of the balance-sheet total falls from 32.8% to 31.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€252,804▼
2024 · €364,531
Cash flow
€191,533▼
2024 · €328,400
Quick ratio
3.97▼
2024 · 5.17
Debt to equity
0.49▼
2024 · 0.53
ROE
18.4%▼
2024 · 47.1%
Interest coverage
31.92▼
2024 · 47.17
Debt ≤ 1 year
€119,345▲
2024 · €86,782
Debt > 1 year
€222,494▼
2024 · €233,740
Income taxes
€59,284▲
2024 · €40,931
Staff costs
€202,233▼
2024 · €292,944
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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%.
| 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €400 | €12,500 | €400 | €246,017 | €1,200 | ▼ 99.5% |
| Remuneration, social security and pensions62 | €318,120 | €288,993 | €269,862 | €292,944 | €202,233 | ▼ 31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,488 | €26,830 | €35,590 | €42,151 | €62,086 | ▲ 47.3% |
| Other operating charges640/8 | €5,004 | €7,247 | €6,610 | €12,377 | €4,424 | ▼ 64.3% |
| Non-recurring operating charges66A | - | - | €1,478 | - | - | - |
| Gross operating margin9900 | €400,337 | €357,526 | €373,024 | €669,852 | €459,462 | ▼ 31.4% |
| Operating profit (loss)9901 | €46,724 | €34,456 | €59,484 | €322,380 | €190,718 | ▼ 40.8% |
| Financial income75/76B | €41 | €377 | €407 | €8,307 | €3,934 | ▼ 52.6% |
| Recurring financial income75 | €41 | €377 | €407 | €8,307 | €3,934 | ▼ 52.6% |
| Financial charges65/66B | €436 | €1,817 | €6,907 | €7,728 | €7,919 | ▲ 2.5% |
| Recurring financial charges65 | €436 | €1,817 | €6,907 | €7,728 | €7,919 | ▲ 2.5% |
| Profit (loss) for the period before taxes9903 | €46,330 | €33,017 | €52,985 | €322,959 | €186,733 | ▼ 42.2% |
| Transfer from deferred taxes780 | - | - | - | €4,221 | €1,997 | ▼ 52.7% |
| Income taxes67/77 | €12,364 | €10,305 | €16,783 | €40,931 | €59,284 | ▲ 44.8% |
| Profit (loss) for the period9904 | €33,966 | €22,712 | €36,202 | €286,249 | €129,447 | ▼ 54.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,664 | €5,992 | ▼ 52.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €210,396 | - | - |
| Profit (loss) for the period to be appropriated9905 | €33,966 | €22,712 | €36,202 | €88,517 | €135,439 | ▲ 53.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €397,611 | €692,723 | €677,479 | €976,911 | €1.1m | ▲ 11.6% |
| Fixed assets21/28 | €101,829 | €419,898 | €472,008 | €475,507 | €580,577 | ▲ 22.1% |
| Intangible fixed assets21 | €524 | - | - | - | - | - |
| Tangible fixed assets22/27 | €101,035 | €419,628 | €471,738 | €475,237 | €580,257 | ▲ 22.1% |
| Land and buildings22 | €79,192 | €383,788 | €411,691 | €333,536 | €372,763 | ▲ 11.8% |
| Plant, machinery and equipment23 | €10,228 | €24,407 | €29,642 | €76,184 | €65,541 | ▼ 14.0% |
| Furniture and vehicles24 | €5,801 | €6,561 | €22,242 | €52,455 | €123,565 | ▲ 136% |
| Leasing and similar rights25 | €5,815 | €4,872 | €3,929 | - | - | - |
| Other tangible fixed assets26 | - | - | €4,234 | €13,061 | €18,388 | ▲ 40.8% |
| Financial fixed assets28 | €270 | €270 | €270 | €270 | €320 | ▲ 18.5% |
| Current assets29/58 | €295,782 | €272,825 | €205,471 | €501,404 | €510,090 | ▲ 1.7% |
| Stocks and contracts in progress3 | €48,694 | €92,668 | €66,528 | €52,398 | €36,216 | ▼ 30.9% |
| Stocks30/36 | €41,504 | €90,568 | €66,528 | €52,398 | €36,216 | ▼ 30.9% |
| Contracts in progress37 | €7,190 | €2,100 | - | - | - | - |
| Amounts receivable within one year40/41 | €45,963 | €19,105 | €56,963 | €67,120 | €40,975 | ▼ 39.0% |
| Trade receivables40 | €31,077 | €3,505 | €50,941 | €47,928 | €26,913 | ▼ 43.8% |
| Other amounts receivable41 | €14,886 | €15,600 | €6,022 | €19,192 | €14,062 | ▼ 26.7% |
| Current investments50/53 | - | - | - | €280,000 | - | - |
| Cash at bank and in hand54/58 | €195,667 | €158,689 | €80,131 | €93,379 | €428,139 | ▲ 358% |
| Deferred charges and accrued income490/1 | €5,458 | €2,363 | €1,849 | €8,506 | €4,759 | ▼ 44.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €397,611 | €692,723 | €677,479 | €976,911 | €1.1m | ▲ 11.6% |
| Equity10/15 | €369,658 | €345,719 | €374,361 | €608,012 | €702,447 | ▲ 15.5% |
| Contributions10/11 | €16,113 | €16,113 | €16,113 | €16,113 | €16,113 | = |
| Reserves13 | €353,545 | €329,606 | €358,248 | €591,898 | €686,334 | ▲ 16.0% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €145,133 | €139,141 | ▼ 4.1% |
| Distributable reserves133 | €351,686 | €327,747 | €358,248 | €446,765 | €547,193 | ▲ 22.5% |
| Provisions and deferred taxes16 | - | - | - | €48,378 | €46,380 | ▼ 4.1% |
| Deferred taxes168 | - | - | - | €48,378 | €46,380 | ▼ 4.1% |
| Amounts payable17/49 | €27,953 | €347,004 | €303,117 | €320,521 | €341,839 | ▲ 6.7% |
| Amounts payable after more than one year17 | €1,997 | €237,459 | €229,355 | €233,740 | €222,494 | ▼ 4.8% |
| Financial debts170/4 | - | €234,796 | €217,461 | €212,456 | €201,778 | ▼ 5.0% |
| Other amounts payable178/9 | €1,997 | €2,664 | €11,894 | €21,284 | €20,716 | ▼ 2.7% |
| Amounts payable within one year42/48 | €25,956 | €109,545 | €73,763 | €86,782 | €119,345 | ▲ 37.5% |
| Current portion of amounts payable after more than one year42 | - | €23,289 | €27,073 | €40,785 | €58,011 | ▲ 42.2% |
| Trade debts44 | €24,084 | €83,788 | €44,351 | €34,540 | €33,573 | ▼ 2.8% |
| Suppliers440/4 | €24,084 | €83,788 | €44,351 | €34,540 | €33,573 | ▼ 2.8% |
| Taxes, remuneration and social security45 | €1,872 | €2,468 | €2,339 | €11,456 | €27,760 | ▲ 142% |
| Taxes450/3 | - | - | €71 | €9,503 | €19,317 | ▲ 103% |
| Remuneration and social security454/9 | €1,872 | €2,468 | €2,268 | €1,953 | €8,443 | ▲ 332% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,966 | €22,712 | €36,202 | €286,249 | €129,447 | ▼ 54.8% |
| + Depreciation and write-downs630 | €30,488 | €26,830 | €35,590 | €42,151 | €62,086 | ▲ 47.3% |
| Operating cash flow (approximation) | €64,455 | €49,542 | €71,793 | €328,400 | €191,533 | ▼ 41.7% |
| Investment in fixed assets (approximation) | - | -€344,899 | -€87,700 | -€45,650 | -€167,156 | ▼ 266% |
| Change in cash | - | -€36,978 | -€78,558 | €13,248 | €334,760 | ▲ 2,427% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €286,249 ▲691%
Operating result €322,380, net result €286,249, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.78
Current ratio from 2.79 to 5.78.
31-12
Financial
Equity above €500,000Eq €608,012 ▲62.4%
7 profitable years in a row build equity to €608,012.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €22,712 ▼33.1%
Net result drops to €22,712, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 10.33
Current ratio from 4.63 to 10.33; short-term debt falls from €50,666 to €26,567.
Show earlier events
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Merelbeke-Melle · 1 establishment unit since 1999
Ground area
574 m²
Building footprint
77 m²
Volume, LiDAR
430 m³
Parcel 44043A0714/00S003, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Chrysantenstraat 39, 9820 Merelbeke-Melle
since 19992.131.369.122
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0714/00S003 | Flanders | 574 m² | 1 · 77 m² | 7.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 11,584 EUR awarded · 11,316 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,301 EUR | 1,268 EUR |
| 2024 | 1 | 1,250 EUR | 1,015 EUR |
| 2023 | 2 | 1,844 EUR | 2,161 EUR |
| 2022 | 3 | 7,189 EUR | 6,872 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 1 endedDakwerker duaal (so)
Medewerker hout duaal (so)
Show 1 ended approval
Dakwerker duaal (so)
Similar companies · same sector, comparable size
BOUWBEDRIJF JOHAN PIETERS - CERPENTIER
BE 0463.584.180
Sint-Niklaas · Eq €702,849
Buntinx - Knaepen
BE 0428.662.596
Alken · Eq €701,669
M-Funderingen
BE 0832.085.695
Brecht · Eq €704,407
RENOCONCEPT
BE 0885.970.878
Kortenberg · Eq €698,567
GEBROEDERS SOMMEN
BE 0480.053.295
Merksplas · Eq €697,525
Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 3,930 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43990Other specialised construction activities
43221Plumbing work
43230Insulation installation
43320Joinery installation
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466101727
Also
9925:BE0466101727
Registered
29-04-2025
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.