Equity
€1.9m ▲ 0.3%
PYGARGUE paid out €15,000 in dividends. That is 72% of the 2025 profit.
PYGARGUE
Lifetime
19 annual accounts with figures on one time axis, 27 filings since 1998peak €477,112 (2010)
€98,252▲ 23.9%
lowest -€99,890 (2022)
€20,836▼ 22.1%
peak €2.1m (2021)
€1.9m▲ 0.3%
€790,167unchanged
Board3 names since 2000
2 directorsDE MUELENAERE Pierre and 1 other
Documentsfilings and deeds
12-02-202677 days before the deadline
2025micro format
Gross margin from €79,309 to €98,252Dividend €15,000Cash from €22,855 to €197,286
Key points
from the 2025 annual accountsFilings
27 annual accounts since 1998
The last five annual accounts were filed 6 to 77 days before the end of the period.
Position in the sector
€1.9m
More equity than 95% of companies in computer and electronic products. Sector median €50,494 · 251 companies.
Checked score
94
Excellent
Financially stronger than 50% of small companies in computer and electronic products (NACE 26)
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 116 companies (NACE 26, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026highest value
03-2026: < 0.1%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged 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 strengthStrong
Score breakdown
lowers risk
Size: total assets €2.7m
Figures for financial year 2025 (filed on 14-02-2026)
Sector: Manufacture of computer, electronic and optical products (NACE 26)
Equity €1.9m (69.3% of total assets)
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 26, small). It does better than 73% of them on solvency, 68% on liquidity, 25% on profitability and 35% on growth.
The bankruptcy probability was computed on 07-11-2026 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 30-09-2025.
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, 14,766 companies had the same profile as PYGARGUE has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PYGARGUE 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 14,766 companies, not a prediction for PYGARGUE. 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 €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 15.63 (14.76 in 2024), above the usual 1.5. Short-term debt is 3.3% and cash 7.3% of total assets. 30.7% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-02-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 days early
2024
14 days early
2023
6 days early
2022
24 days early
2021
47 days early
2020
9 days early
2019
65 days 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 35 days before the deadline. In the sector (NACE 26), 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 6 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end08-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462341986
Changes of role: DEMUELENAERE Pierre André Guy Marie (statutory director) and GOBYN Jocelyne Nicole Martine (statutory director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: DEMUELENAERE Pierre André Guy Marie · Director discharge: GOBYN Jocelyne Nicole Martine · General meeting of 04-12-2023 · Gazette deed
First establishment
Rue des Couteliers 24, Court-Saint-Etienne
Incorporation
published on 14-01-1998 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PYGARGUE Court-Saint-Etienne | €2.7m | €98,252 | 69.3% | - |
| MICRON Izegem | €2.9m | €71,168 | 81.7% | - |
| SUMMIT ENGINEERING Sint-Truiden | €1.7m | €299,282 | 52.5% | 1.9 |
| SOUND AND LIGHT SHOW LASERS - SKY TRACER Ath | €0.8m | €47,087 | 8.5% | - |
| ELJEE Hove | €0.7m | €97,025 | 59.7% | - |
| ESCAPE Aarschot | €0.6m | €129,278 | 8.2% | 1 |
| Dekimo Louvain-la-Neuve Ottignies-Louvain-la-Neuve | €2.5m | €587,002 | 20.5% | 8 |
These companies have the same main activity as PYGARGUE: manufacture of computer, electronic and optical products (NACE 26400). They are comparable in size and age: total assets between €640,000 and €2.9m, founded between 1980 and 2008.
Official details
Source: KBO- Status
- Active since 05-01-1998Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26400and 5 others
- Establishment unit
- 2.086.131.9831490 Court-Saint-Etienne, since 15-12-2000
- Financial year end
- 30 September
- Peppol
- Reachable since 11-09-2025
Annual accounts to 30-09-2025
- ≈ €300,000estimated
- €2.7m▲ 0.2%
- Filing
- Filed on 12-02-2026, 77 days before the end of the filing period
Insights on PYGARGUE
PYGARGUE files the micro format. That format states no turnover. The gross margin fell from €194,151 in 2006 to €98,252 in 2025.
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 PYGARGUE
- What is the company number of PYGARGUE?
- The company number of PYGARGUE is 0462.341.986. The VAT number is the same number with BE in front: BE 0462.341.986.
- Where is PYGARGUE based?
- The registered office is at Rue des Couteliers 24, 1490 Court-Saint-Etienne.Company details
- What does PYGARGUE do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26400).
- What is the legal form of PYGARGUE?
- PYGARGUE is a private limited company (BV).
- When was PYGARGUE founded?
- PYGARGUE was founded on 05-01-1998.
- Is PYGARGUE still active?
- Yes, PYGARGUE is an active enterprise in the KBO register.
- What is the turnover of PYGARGUE?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €98,252 and 2,665 comparable companies of the same size. It probably lies between €190,000 and €510,000. It is a rough estimate.Financials
- Is PYGARGUE profitable?
- In financial year 2025, PYGARGUE made a profit of €20,836.
- Where can I find the annual accounts of PYGARGUE?
- PYGARGUE filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PYGARGUE due?
- PYGARGUE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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