PELVAM
ActiveSummary
PELVAM has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €833k and a net result of €75k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-2
Solvency85▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.17 in 2024; short-term debt: 25.1% and cash: 26% of total assets), and 39.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
60.4%
Return on assets
5.4%
Age of the figures
17 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 26-11-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
14 d early
2022
93 d early
2021
68 d early
2020
34 d early
2019
65 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close24-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€833k▲ 7.2%
2024 · €777k
2019: €408k
2020: €463k
2021: €517k
2022: €593k
2023: €720k
2024: €777k
2019 → 2025
Total assets
€1.38M▲ 2.0%
2024 · €1.35M
2019: €1.21M
2020: €1.24M
2021: €1.28M
2022: €1.32M
2023: €1.39M
2024: €1.35M
2019 → 2025
Net result
€75k▼ 28.2%
2024 · €105k
2019: €19k
2020: €55k
2021: €54k
2022: €76k
2023: €127k
2024: €105k
2019 → 2025
Working capital
€95k▲ 64.7%
2024 · €57k
2019: €-257k
2020: €-207k
2021: €-194k
2022: €-135k
2023: €-3k
2024: €57k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€517k-€593k▲ 14.7%€720k▲ 21.4%€777k▲ 8.0%€833k▲ 7.2%
Operating result€99k-€130k▲ 31.1%€203k▲ 55.7%€174k▼ 14.2%€134k▼ 23.1%
Net result€54k-€76k▲ 39.7%€127k▲ 66.9%€105k▼ 17.4%€75k▼ 28.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€938k ▼ 1.5%
Current assets
€441k ▲ 10.4%
Equity and liabilities €1.38M
Equity
€833k ▲ 7.2%
Debt
€546k ▼ 5.1%
Debt's share of the balance-sheet total falls from 42.5% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€172k▼
2024 · €214k
Cash flow
€113k▼
2024 · €145k
Current ratio
1.27▲
2024 · 1.17
Quick ratio
1.14▲
2024 · 1.08
Debt to equity
0.66▼
2024 · 0.74
ROE
9.0%▼
2024 · 13.5%
ROA
5.4%▼
2024 · 7.7%
Interest coverage
9.26▼
2024 · 10.28
Debt ≤ 1 year
€347k▲
2024 · €342k
Debt > 1 year
€192k▼
2024 · €225k
Income taxes
€42k▼
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.38M▲
Fixed assets21/28€953k€938k▼
Tangible fixed assets22/27€953k€938k▼
Land and buildings22€932k€878k▼
Plant, machinery and equipment23€8k€9k▲
Furniture and vehicles24€12k€8k▼
Assets under construction and advance payments27-€43k
Financial fixed assets28€150€150=
Current assets29/58€400k€441k▲
Stocks and contracts in progress3€31k€45k▲
Stocks30/36€31k€45k▲
Amounts receivable within one year40/41€37k€34k▼
Trade receivables40€28k€25k▼
Other amounts receivable41€9k€9k▲
Cash at bank and in hand54/58€327k€358k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.38M▲
Equity10/15€777k€833k▲
Contributions10/11€306k€306k=
Reserves13€471k€527k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€471k€527k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€575k€546k▼
Amounts payable after more than one year17€225k€192k▼
Financial debts170/4€225k€192k▼
Amounts payable within one year42/48€342k€347k▲
Current portion of amounts payable after more than one year42€33k€33k=
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€17k€14k▼
Taxes450/3€14k€11k▼
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€283k€296k▲
Accrued charges and deferred income492/3€8k€8k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€38k▼
Other operating charges640/8€11k€10k▼
Non-recurring operating charges66A-€23k
Gross operating margin9900€225k€205k▼
Operating profit (loss)9901€174k€134k▼
Financial income75/76B€493€2k▲
Recurring financial income75€493€2k▲
Financial charges65/66B€21k€19k▼
Recurring financial charges65€21k€19k▼
Profit (loss) for the period before taxes9903€153k€117k▼
Income taxes67/77€49k€42k▼
Profit (loss) for the period9904€105k€75k▼
Profit (loss) for the period to be appropriated9905€105k€75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€105k€75k▼
Transfer from equity791/2€47k€19k▼
Transfer to equity691/2€105k€75k▼
To other reserves6921€105k€75k▼
Profit to be distributed694/7€47k€19k▼
Return on contributions (dividend)694€47k€19k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (19 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
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-04
Financial
Highest result since 2019net €127k ▲66.9%
Operating result €203k, net result €127k, both a record.
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-04
Financial
Equity above €500kEq €517k ▲11.7%
3 profitable years in a row build equity to €517k.
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
02-09
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.
Directors · office · real estate
Directors
6 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, Buggenhout · 1 establishment unit since 2013
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.
Kamerstraat 879255 BuggenhoutGround area
5,731 m²
Building footprint
3,098 m²
Volume, LiDAR
23,434 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kamerstraat 106, 9255 Buggenhout
since 20132.220.815.097
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004A0168/00H000 | Flanders | 4,629 m² | 1 · 2,809 m² | 10.6 m · 3 fl. |
| 42004B0311/00G000 | Flanders | 1,101 m² | 1 · 289 m² | 6.8 m · 1 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
2023 to 2025 · 2 entries · 239 EUR awarded · 239 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 84 EUR | 84 EUR |
| 2023 | 1 | 155 EUR | 155 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBuggenhout2.220.815.097
Similar companies · same sector, comparable size
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HOUTHANDEL MEZO
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Staltor
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Izegem · Eq €1.01M
Of 762 companies in sector 16281 we hold annual accounts for 159. 98 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2013
Fiscal year end30-04
Activities, NACEBEL 2025
16281Manufacture of other wood products
01620Support activities for animal production
47789Other retail sale of new goods
49410Freight transport by road
52249Warehousing and support activities for transportation
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.