PELZER F.
ActivePELZER F. has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124k and a net result of €21k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 3102 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
95
/ 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
Profitability86=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 6.53 against 5.91 in 2024; short-term debt: 15% and cash: 39.3% of total assets), and 15% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
85%
Return on assets
14.2%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
46 d early
2022
1 d early
2021
on the day
2020
24 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2021 · €0
2019: €0
2020: €0
2021: €0
2019 → 2022
EBIT margin
Not included in this filing
Net result
€21k▲ 22.5%
2024 · €17k
2019: €2k
2020: €3k
2021: €9k
2022: €10k
2023: €10k
2024: €17k
2019 → 2025
Working capital
€120k▲ 23.5%
2024 · €97k
2019: €31k
2020: €37k
2021: €50k
2022: €62k
2023: €78k
2024: €97k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0
Equity€67k-€76k▲ 14.4%€86k▲ 13.2%€103k▲ 19.5%€124k▲ 20.0%
Operating result€11k-€12k▲ 16.9%€13k▲ 3.9%€23k▲ 82.3%€29k▲ 23.6%
Net result€9k-€10k▲ 1.3%€10k▲ 4.3%€17k▲ 67.9%€21k▲ 22.5%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145k
Fixed assets
€3k▼ 41.4%
Current assets
€142k▲ 21.2%
Equity and liabilities €145k
Equity
€124k▲ 20.0%
Debt
€22k▲ 9.7%
The debt ratio falls from 16.1% to 15.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2024 · €26k
Cash flow
€23k▲
2024 · €20k
Solvency
85.0%▲
2024 · 83.9%
Current ratio
6.53▲
2024 · 5.91
Quick ratio
6.53▲
2024 · 5.91
Debt / equity
0.18▼
2024 · 0.19
ROE
16.7%▲
2024 · 16.3%
ROA
14.2%▲
2024 · 13.7%
Interest coverage
240.20▲
2024 · 135.95
Debt
€22k▲
2024 · €20k
Debt ≤ 1 year
€22k▲
2024 · €20k
Income taxes
€8k▲
2024 · €6k
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€123k€145k▲
Formation expenses20€0-
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€2k€924▼
Other tangible fixed assets26€1k€585▼
Financial fixed assets28€50€50=
Current assets29/58€117k€142k▲
Amounts receivable within one year40/41€68k€85k▲
Trade receivables40€8k€13k▲
Other amounts receivable41€60k€72k▲
Cash at bank and in hand54/58€48k€57k▲
Deferred charges and accrued income490/1€1k€149▼
Equity and liabilities
Total equity and liabilities10/49€123k€145k▲
Equity10/15€103k€124k▲
Contributions10/11€35k€35k=
Reserves13€20k€41k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€17k€37k▲
Profit (loss) carried forward14€48k€48k▲
Amounts payable17/49€20k€22k▲
Amounts payable within one year42/48€20k€22k▲
Current portion of amounts payable after more than one year42€2k€2k=
Trade debts44€928€708▼
Suppliers440/4€928€708▼
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€5k€8k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€12k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€757€536▼
Gross operating margin9900€27k€32k▲
Operating profit (loss)9901€23k€29k▲
Financial income75/76B€1€3▲
Recurring financial income75€1€3▲
Financial charges65/66B€194€130▼
Recurring financial charges65€194€130▼
Profit (loss) for the period before taxes9903€23k€29k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€17k€21k▲
Profit (loss) for the period to be appropriated9905€17k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€64k€68k▲
Profit (loss) brought forward from the previous period14P€48k€48k=
Transfer to equity691/2€17k€20k▲
To other reserves6921€17k€20k▲
The notes to these accounts (5 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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €21k ▲22.5%
Operating result €29k, net result €21k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €100kEq €103k ▲19.5%
6 profitable years in a row build equity to €103k.
2023
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 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, Raeren · 1 establishment unit since 2010
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.
Roetgener Strasse 564730 Raeren1 establishment unit
PELZER F.PGMBH
since 20102.184.552.440
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Of 1,958 companies in sector 01430 we hold annual accounts for 743. 559 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2010
Fiscal year end30-06
Activities, NACEBEL
01430Raising of horses and other equines
01620Support activities for animal production
49410Freight transport by road
77120Rental and leasing activities
77310Rental and leasing activities
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filings
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.