PYFFEROEN
ActivePYFFEROEN has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €761k and a net result of €97k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-1
Solvency75▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.43 in 2023; short-term debt: 15% and cash: 8.4% of total assets), but 50.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.7%
Return on assets
6.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
27 d late
2022
27 d early
2021
53 d late
2020
86 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€761k▲ 8.4%
2023 · €702k
2018: €482k
2019: €532k
2020: €475k
2021: €628k
2022: €622k
2023: €702k
2018 → 2024
Total assets
€1.53M▲ 0.6%
2023 · €1.52M
2018: €1.65M
2019: €1.54M
2020: €1.54M
2021: €1.50M
2022: €1.48M
2023: €1.52M
2018 → 2024
Net result
€97k▼ 12.1%
2023 · €111k
2018: €36k
2019: €50k
2020: €-57k
2021: €168k
2022: €28k
2023: €111k
2018 → 2024
Working capital
€118k▲ 25.2%
2023 · €94k
2018: €-31k
2019: €21k
2020: €-45k
2021: €108k
2022: €72k
2023: €94k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€475k-€628k▲ 32.3%€622k▼ 0.9%€702k▲ 12.9%€761k▲ 8.4%
Operating result€-40k-€235k€52k▼ 77.7%€168k▲ 220%€155k▼ 7.2%
Net result€-57k-€168k€28k▼ 83.3%€111k▲ 295%€97k▼ 12.1%
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 2024; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.53M
Fixed assets
€1.18M▼ 2.0%
Current assets
€348k▲ 10.4%
Equity and liabilities €1.53M
Equity
€761k▲ 8.4%
Provisions
€23k▼ 6.8%
Debt
€748k▼ 6.1%
The debt ratio falls from 52.3% to 48.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€231k▲
2023 · €226k
Cash flow
€173k▲
2023 · €169k
Solvency
49.7%▲
2023 · 46.1%
Current ratio
1.51▲
2023 · 1.43
Quick ratio
0.98▲
2023 · 0.94
Debt / equity
0.98▼
2023 · 1.13
ROE
12.8%▼
2023 · 15.8%
ROA
6.4%▼
2023 · 7.3%
Interest coverage
13.04▼
2023 · 13.37
Debt
€748k▼
2023 · €796k
Debt ≤ 1 year
€230k▲
2023 · €221k
Debt > 1 year
€517k▼
2023 · €575k
Income taxes
€52k▲
2023 · €50k
Staff costs
€492k▲
2023 · €487k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.52M€1.53M▲
Formation expenses20€179€101▼
Fixed assets21/28€1.21M€1.18M▼
Tangible fixed assets22/27€1.21M€1.18M▼
Land and buildings22€1.01M€992k▼
Plant, machinery and equipment23€37k€41k▲
Furniture and vehicles24€159k€151k▼
Financial fixed assets28€135€135=
Current assets29/58€315k€348k▲
Amounts receivable after more than one year29€35k€0▼
Other amounts receivable291€35k€0▼
Stocks and contracts in progress3€107k€122k▲
Stocks30/36€107k€122k▲
Amounts receivable within one year40/41€93k€84k▼
Trade receivables40€58k€28k▼
Other amounts receivable41€35k€55k▲
Cash at bank and in hand54/58€67k€128k▲
Deferred charges and accrued income490/1€13k€14k▲
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.53M▲
Equity10/15€702k€761k▲
Contributions10/11€56k€56k=
Reserves13€646k€705k▲
Non-distributable reserves130/1€10k€10k=
Other1319€10k€10k=
Tax-exempt reserves132€47k€44k▼
Distributable reserves133€589k€652k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€24k€23k▼
Deferred taxes168€24k€23k▼
Amounts payable17/49€796k€748k▼
Amounts payable after more than one year17€575k€517k▼
Financial debts170/4€575k€517k▼
Amounts payable within one year42/48€221k€230k▲
Current portion of amounts payable after more than one year42€90k€89k▼
Financial debts43€12k€17k▲
Credit institutions430/8€12k€17k▲
Trade debts44€78k€76k▼
Suppliers440/4€78k€76k▼
Taxes, remuneration and social security45€41k€45k▲
Taxes450/3€16k€19k▲
Remuneration and social security454/9€25k€25k▲
Other amounts payable47/48€0€4k▲
Accrued charges and deferred income492/3€161€387▲
Income statement
Code20232024
Non-recurring operating income76A€17k€0▼
Remuneration, social security and pensions62€487k€492k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€76k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€14k€15k▲
Non-recurring operating charges66A€831€569▼
Gross operating margin9900€728k€739k▲
Operating profit (loss)9901€168k€155k▼
Financial income75/76B€8k€10k▲
Recurring financial income75€8k€10k▲
Financial charges65/66B€17k€18k▲
Recurring financial charges65€17k€18k▲
Profit (loss) for the period before taxes9903€159k€148k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€50k€52k▲
Profit (loss) for the period9904€111k€97k▼
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€114k€101k▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€101k▼
Transfer from equity791/2€31k€38k▲
Transfer to equity691/2€114k€101k▼
To other reserves6921€114k€101k▼
Profit to be distributed694/7€31k€38k▲
Return on contributions (dividend)694€31k€38k▲
Social balance
Average headcount (FTE)90878.47.8▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 53 days late
2021
31-12
Financial
Back to profitnet €168k
Net result €168k after one loss-making year.
31-12
Financial
Equity above €500kEq €628k ▲32.3%
Equity rises from €475k to €628k.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
31-12
Financial
Weakest financial yearnet €-57k ▼214%
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
31-12
Financial
Equity above €500kEq €532k ▲10.4%
2 profitable years in a row build equity to €532k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wevelgem · 1 establishment unit since 1975
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heulestraat 1508560 WevelgemGround area
5,808 m²
Building footprint
2,353 m²
Volume, LiDAR
14,229 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Izegemsestraat(Heu) 373, 8501 Kortrijk
since 19752.012.153.845
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016B0478/00C000 | Flanders | 5,351 m² | 1 · 2,235 m² | 8.3 m · 2 fl. |
| 34012C0328/00S005 | Flanders | 457 m² | 1 · 118 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 4 entries · 4,860 EUR awarded · 4,860 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 38 EUR |
| 2024 | 1 | 842 EUR | 804 EUR |
| 2022 | 2 | 4,018 EUR | 4,018 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesPYFFEROEN BV29500
Similar companies · same sector, comparable size
VAN HOUCKE
BE 0420.020.589
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SYSMANS KOEN
BE 0898.860.990
Beerse · Eq €760k
GAEREMYNCK & FILS
BE 0873.214.784
Mouscron · Eq €760k
Deuren Defoort
BE 0455.004.927
Kortrijk · Eq €757k
DE SUTTER LUC
BE 0454.158.156
Maldegem · Eq €756k
Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 5,034 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-1975
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
28120
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.