Age26 yrs
Real estate2 parcels · 2,710 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of PEGATRIM is 0.3% (very low). The 2025 annual accounts show equity of €11.69M and a net result of €-442k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 89% of 205 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Signals
2 signals · with evidencePersistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 89% of 205 peers (2025). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsLong-established
Founded in 2000, 26 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.3%
Very low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate region
+Lower-failure-rate sector
−Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€1.36M+10.4%
EBIT margin-10.5%+1.3pp
Net result€-442k+20.9%
Working capital€2.33M-0.8%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 10-04-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 8 fiscal years (±2.1%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 94.8% | 31.0% | |
| Net result | €-442k | €9k | |
| Equity | €11.69M | €503k | |
| Gross operating margin | €783k | €78k | |
| Employees (FTE) | 0.0 | 1.3 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P89
Stable position over 2023-2025
· n=205-776
P7
Stable position over 2023-2025
· n=204-774
P84
Stable position over 2023-2025
· n=205-776
P90
Stable position over 2023-2025
· n=144-609
Describes the position versus peers, not a forecast.
€1.36M
+10.4%
18-25
€585k
+46.4%
far above sector median
€-442k
+20.9%
far below sector median
€594k
+42.7%
far above sector median
€12.32M
-3.6%
far above sector median
€11.69M
-3.6%
far above sector median
€2.33M
-0.8%
far above sector median
0
-
-100% vs sector
€0
-
-100% vs sector
€0
-100.0%
18-25
€635k
-3.5%
-37% vs sector
€259k
-6.1%
-48% vs sector
9.98
+5.1%
far above sector median
9.98
+5.1%
far above sector median
94.8%
0.0%
+122% vs sector
0.05
+0.2%
-97% vs sector
-3.8%
+18.0%
-115% vs sector
-3.6%
+18.0%
far below sector median
-17.1%
-27.9%
18-25
53.1%
+4.4%
18-25
357.97
+184.6%
far above sector median
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €585k |
| Net profit | €-442k |
| Cash flow | €594k |
| Staff costs | - |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €12.32M |
| Equity | €11.69M |
| Debt | €635k |
| of which ≤ 1y | €259k |
| of which > 1y | - |
| Working capital | €2.33M |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 9.98 |
| Quick ratio | 9.98 |
| Working capital ratio | 18.9% |
| Solvency | 94.8% |
| Debt / equity | 0.05 |
| Long-term debt ratio | - |
| Interest coverage | 357.97 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.6% |
| ROE | -3.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €12.32M |
| Fixed assets | 21/28 | €9.74M |
| Tangible fixed assets | 22/27 | €9.58M |
| Financial fixed assets | 28 | €158k |
| Current assets | 29/58 | €2.59M |
| Amounts receivable within one year | 40/41 | €192k |
| Investments | 50/53 | €735k |
| Cash & bank | 54/58 | €261k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €12.32M |
| Equity | 10/15 | €11.69M |
| Contributions / capital | 10/11 | €12.81M |
| Reserves | 13 | €56k |
| Accumulated profits (losses) | 14 | €-1.18M |
| Amounts payable | 17/49 | €635k |
| Amounts payable within one year | 42/48 | €259k |
| Trade debts payable within one year | 44 | €165k |
| Income statement | ||
| Gross operating margin | 9900 | €783k |
| Operating result | 9901 | €-451k |
| Financial income | 75 | €10k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-442k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-442k |
| Result to be appropriated | 9905 | €-442k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed78
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Structure & network
Locations & real estate
Establishment units
1 locationLouizalaan 65, 1050 Elsene
since 20002.115.827.643
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area2,710 m²
Buildings2
Building footprint3,233 m²
Volume (LiDAR)80,866 m³
Tallest building44.0 m · ±9 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 fl. |
| 21805E0534/00D000 | Brussels | 1,027 m² | 1 · 800 m² | 44.0 m · 8 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
16 acts Address history · 1
27-06-2019
Registered-office move
All acts · 16
updated 1 year ago
2025
15-07-2025 6 directors appointed
- EY REVISEURS D'ENTREPRISES SRL, Commissaire
- João Nuno Dos Santos Silva Madeira De Andrade, Administrateur a
- Miguel José França de Santana, Administrateur a
- Christophe Tans, Administrateur b
- Irene Florescu, Administrateur b
- Pauline Meganck, Administrateur b
Summary:
v3.2
2023
13-06-2023 1 director appointed, 1 resigning
2022
12-05-2022 6 directors appointed
- Joeri Klaykens, Auditor
- Miguel José França de Santana, Administrator a
- João Nuno Dos Santos Silva Madeira De Andrade, Administrator a
- Christophe Tans, Administrator b
- Irene Florescu, Administrator b
- Brecht Guidemont, Administrator b
Summary:
v3.2
2020
11-05-2020 2 directors appointed
2019
07-11-2019 5 directors appointed
- Miguel José França de Santana, Administrateur a
- João Nuno dos Santos Silva Madeira de Andrade, Administrateur a
- Christophe Eric Tans, Administrateur b
- Irene Gabriela Florescu, Administrateur b
- Brecht Guldemont, Administrateur b
Summary:
v3.2
23-08-2019 1 director appointed, 1 resigning
- Miguel José FRANÇA DE SANTANA, Zaakvoerder
- André GOMES DE SOUSA, Zaakvoerder
Summary:
v3.2
25-07-2019 1 director appointed, 1 resigning
27-06-2019 Registered office moved from Ixelles to Bruxelles
- Avenue Louise 65, 1050 Ixelles → 1000 Bruxelles, Belgique, Rue Royale 97, 4ème étage
Notary:
Susana Gonzalez Melon · BruxellesFirm:
Allen & Overy (Belgium) LLP
11-04-2019 5 directors appointed, 1 resigning
- João Andrade, Gérant
- André Sousa, Gérant
- Christophe Tans, Gérant
- Irene Florescu, Gérant
- Brecht Guldemont, Gérant
- Quentin Orion, Gérant
Summary:
v3.2
2017
19-07-2017 1 director appointed, 1 resigning
2016
30-08-2016 Deloitte Bedrijfrevisoren BC ovve CVBA appointed as statutory auditor
2015
17-12-2015 Anne Delord resigns as gérante
22-10-2015 John Hopkins appointed as gérant
2010
17-02-2010 4 directors appointed, 2 resigning
- Régis PANISI, Bijzondere volmacht
- Marcos LAMIN-BUSSCHOTS, Bijzondere volmacht
- Sabrina VARSALONA, Bijzondere volmacht
- Froukje BEEKMANS, Bijzondere volmacht
- Noel Ccessens, Bijzondere volmacht
- Christoffel De Wite, Bijzondere volmacht
Summary:
v3.2
2006
13-11-2006 1 director appointed, 1 resigning
2002
07-10-2002 1 director appointed, 1 resigning
Analysis
Snowflake analysis
financial profile on 5 axes63
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
78
Profitability
0
Solvency
100
Growth
38
Stability
100
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Primary activity highlighted.
Names & trade names
| Legal nameNL | PEGATRIM |
Registered office
Marnixlaan 23
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.