De Pelsemaeker
ActiveDe Pelsemaeker has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €604k and a net result of €69k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 28% of 2149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-17
Solvency46▼-11
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 3.92 in 2024), but 81.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
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 2025Solvency, return and age of the figures
Solvency
18.5%
Return on assets
2.1%
Age of the figures
11 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-05-2026, 30 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
30 d late
2024
118 d late
2023
214 d late
2022
57 d late
2021
122 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€604k▲ 13.0%
2024 · €535k
2018: €224k
2019: €252k
2020: €333k
2021: €366k
2022: €421k
2023: €456k
2024: €535k
2018 → 2025
Total assets
€3.26M▲ 47.2%
2024 · €2.22M
2018: €1.58M
2019: €1.90M
2020: €1.90M
2021: €2.67M
2022: €2.01M
2023: €3.43M
2024: €2.22M
2018 → 2025
Net result
€69k▼ 12.3%
2024 · €79k
2018: €12k
2019: €28k
2020: €81k
2021: €33k
2022: €59k
2023: €35k
2024: €79k
2018 → 2025
Working capital
€1.26M▲ 22.0%
2024 · €1.04M
2018: €996k
2019: €1.30M
2020: €416k
2021: €1.54M
2022: €1.02M
2023: €2.46M
2024: €1.04M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€366k-€421k▲ 14.8%€456k▲ 8.3%€535k▲ 17.3%€604k▲ 13.0%
Operating result€90k-€122k▲ 35.5%€117k▼ 4.0%€197k▲ 68.2%€169k▼ 14.1%
Net result€33k-€59k▲ 78.4%€35k▼ 41.1%€79k▲ 126%€69k▼ 12.3%
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 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.26M
Fixed assets
€944k▲ 14.4%
Current assets
€2.32M▲ 66.7%
Equity and liabilities €3.26M
Equity
€604k▲ 13.0%
Debt
€2.66M▲ 58.1%
The debt ratio rises from 75.9% to 81.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€389k▲
2024 · €359k
Cash flow
€289k▲
2024 · €241k
Solvency
18.5%▼
2024 · 24.1%
Current ratio
2.20▼
2024 · 3.92
Quick ratio
0.90▼
2024 · 1.18
Debt / equity
4.40▲
2024 · 3.14
ROE
11.5%▼
2024 · 14.8%
ROA
2.1%▼
2024 · 3.6%
Interest coverage
5.19▲
2024 · 3.76
Debt
€2.66M▲
2024 · €1.68M
Debt ≤ 1 year
€1.05M▲
2024 · €354k
Debt > 1 year
€1.60M▲
2024 · €1.33M
Income taxes
€25k▲
2024 · €23k
Staff costs
€1k▼
2024 · €4k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.22M€3.26M▲
Fixed assets21/28€825k€944k▲
Intangible fixed assets21€1k€13k▲
Tangible fixed assets22/27€824k€930k▲
Land and buildings22€245k€240k▼
Plant, machinery and equipment23€427k€549k▲
Furniture and vehicles24€151k€132k▼
Other tangible fixed assets26€936€9k▲
Current assets29/58€1.39M€2.32M▲
Stocks and contracts in progress3€971k€1.37M▲
Stocks30/36€971k€1.37M▲
Amounts receivable within one year40/41€315k€866k▲
Trade receivables40€109k€486k▲
Other amounts receivable41€207k€379k▲
Cash at bank and in hand54/58€95k€73k▼
Deferred charges and accrued income490/1€9k€9k▼
Equity and liabilities
Total equity and liabilities10/49€2.22M€3.26M▲
Equity10/15€535k€604k▲
Contributions10/11€19k€19k=
Reserves13€284k€354k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€283k€352k▲
Profit (loss) carried forward14€232k€232k=
Amounts payable17/49€1.68M€2.66M▲
Amounts payable after more than one year17€1.33M€1.60M▲
Financial debts170/4€1.33M€1.60M▲
Amounts payable within one year42/48€354k€1.05M▲
Current portion of amounts payable after more than one year42€97k€216k▲
Trade debts44€158k€619k▲
Suppliers440/4€158k€619k▲
Taxes, remuneration and social security45€99k€172k▲
Taxes450/3€99k€166k▲
Remuneration and social security454/9-€6k
Other amounts payable47/48-€47k
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€4k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€162k€220k▲
Other operating charges640/8€28k€15k▼
Gross operating margin9900€391k€405k▲
Operating profit (loss)9901€197k€169k▼
Financial income75/76B€1k€66▼
Recurring financial income75€1k€66▼
Financial charges65/66B€96k€75k▼
Recurring financial charges65€96k€75k▼
Profit (loss) for the period before taxes9903€102k€94k▼
Income taxes67/77€23k€25k▲
Profit (loss) for the period9904€79k€69k▼
Profit (loss) for the period to be appropriated9905€79k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€311k€301k▼
Profit (loss) brought forward from the previous period14P€232k€232k=
Transfer to equity691/2€79k€69k▼
To other reserves6921€79k€69k▼
Social balance
Average headcount (FTE)90870.5-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 118 days late
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 214 days late
30-09
Financial
Equity above €500kEq €535k ▲17.3%
7 profitable years in a row build equity to €535k.
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 57 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 122 days late
2021
30-09
Financial
Liquidity triplescurrent ratio 4.89
Current ratio from 1.58 to 4.89; short-term debt falls from €717k to €395k.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-09
Financial
Highest result since 2018net €81k ▲189%
Net result €81k, the highest in the series.
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2007
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.
Moleneinde 49042 GentGround area
2,689 m²
Building footprint
211 m²
Parcel 44813A0382/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
HOF TER DONK
since 20072.170.511.590
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813A0382/00C000 | Flanders | 2,689 m² | 1 · 210 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2023 to 2024 · 3 entries · 1,155 EUR awarded · 1,155 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 1,083 EUR | 1,083 EUR |
| 2023 | 1 | 72 EUR | 72 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.170.511.590
Dual-learning approval
5 live approvals · 9 endedMedewerker hout duaal (so)
Medewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Similar companies · same sector, comparable size
Balconstruct
BE 0779.514.269
Oosterzele · Eq €604k
PM INVESTMENT
BE 0829.392.362
Lille · Eq €604k
DE BRUYKER CONSTRUCT
BE 0474.021.479
Wetteren · Eq €604k
Cypin Overseas
BE 1018.751.408
Aarschot · Eq €605k
EUROPEAN MAISON
BE 0459.429.414
Ans · Eq €603k
Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 8,382 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2007
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
43410Roofing work
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.