PEMCO Belgium
PEMCO Belgium has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32.78M and a net result of €2.90M. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 36 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €32.78M |
| Net result | €2.90M |
| Staff (FTE) | 116.5 |
| Better than sector | 82% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 79.4% | 47.4% | |
| Net result | €2.90M | €1k | |
| Equity | €32.78M | €267k | |
| Total assets | €41.29M | €1.79M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | full schema | full schema | full schema |
| Revenue | €50.89M | €50.89M | €56.40M |
| EBITDA | €5.34M | €4.05M | €4.60M |
| Net profit | €2.90M | €2.96M | €2.68M |
| Cash flow | €4.27M | €4.42M | €3.09M |
| Staff costs | €14.70M | €13.64M | €13.75M |
| Income taxes | €670k | €60k | €1.03M |
| Dividends | - | - | - |
| Total assets | €41.29M | €40.16M | €35.21M |
| Equity | €32.78M | €29.90M | €26.98M |
| Debt | €8.20M | €9.95M | €7.70M |
| of which ≤ 1y | €8.17M | €9.81M | €7.25M |
| of which > 1y | - | - | - |
| Working capital | €24.71M | €22.73M | €20.59M |
| Employees (FTE) | 116.5 | 113.4 | 116.6 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 4.03 | 3.32 | 3.84 |
| Quick ratio | 2.33 | 2.03 | 2.06 |
| Working capital ratio | 59.8% | 56.6% | 58.5% |
| Solvency | 79.4% | 74.4% | 76.6% |
| Debt / equity | 0.25 | 0.33 | 0.29 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 14110.67 | 1265.68 | 1163.24 |
| Gross margin | 57.7% | 56.7% | 53.8% |
| Net margin | 5.7% | 5.8% | 4.8% |
| ROA | 7.0% | 7.4% | 7.6% |
| ROE | 8.9% | 9.9% | 9.9% |
| EBITDA margin | 10.5% | 8.0% | 8.1% |
| Days sales outstanding | 51d | 57d | 54d |
| Days payable outstanding | 107d | 131d | 59d |
| Inventory turnover | 1.56 | 1.75 | 2.02 |
| Days inventory (DSI) | 235d | 208d | 181d |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €41.29M | €40.16M | €35.21M |
| Fixed assets | 21/28 | €8.41M | €7.61M | €7.37M |
| Tangible fixed assets | 22/27 | €8.41M | €7.61M | €7.37M |
| Financial fixed assets | 28 | €3k | €3k | €3k |
| Current assets | 29/58 | €32.88M | €32.54M | €27.84M |
| Stocks & contracts in progress | 3 | €13.82M | €12.59M | €12.92M |
| Amounts receivable within one year | 40/41 | €14.90M | €14.53M | €14.16M |
| Cash & bank | 54/58 | €3.85M | €5.22M | €535k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €41.29M | €40.16M | €35.21M |
| Equity | 10/15 | €32.78M | €29.90M | €26.98M |
| Contributions / capital | 10/11 | €11.82M | €11.82M | €11.82M |
| Reserves | 13 | €97k | €97k | €1.15M |
| Accumulated profits (losses) | 14 | €20.79M | €17.88M | €13.86M |
| Provisions & deferred taxes | 16 | €306k | €306k | €524k |
| Amounts payable | 17/49 | €8.20M | €9.95M | €7.70M |
| Amounts payable within one year | 42/48 | €8.17M | €9.81M | €7.25M |
| Trade debts payable within one year | 44 | €6.31M | €7.92M | €4.22M |
| Income statement | ||||
| Turnover | 70 | €50.89M | €50.89M | €56.40M |
| Operating result | 9901 | €3.98M | €2.60M | €4.18M |
| Financial income | 75 | €1.18M | €950k | €995k |
| Financial charges | 65 | €1.59M | €523k | €1.47M |
| Result before taxes | 9903 | €3.57M | €3.02M | €3.71M |
| Income taxes | 67/77 | €670k | €60k | €1.03M |
| Net result for the period | 9904 | €2.90M | €2.96M | €2.68M |
| Result to be appropriated | 9905 | €2.90M | €4.02M | €2.68M |
-
Jonathan CorkDirectorState Gazette act 22020077 (14-02-2022)Current14-02-2022 → present
Historic, not recently confirmed (5)
-
Erwin DestuyverAdvocaatState Gazette act 18149378 (10-10-2018)Not recently confirmedlast confirmed in an act from 2018
-
Michiel StuytsAdvocaatState Gazette act 18149378 (10-10-2018)Not recently confirmedlast confirmed in an act from 2018
-
Heather Anne MooreManagerState Gazette act 16050036 (11-04-2016)Not recently confirmedlast confirmed in an act from 2016
-
Johan GoegebeurManagerState Gazette act 10180141 (13-12-2010)Not recently confirmedlast confirmed in an act from 2010
2 events
- 13-12-2010 Appointed· Manager
- 08-03-2010 Appointed· Manager
-
Margrietenpad 12, 8301 Knokke-HeistManagerState Gazette act 10034746 (08-03-2010)Not recently confirmedlast confirmed in an act from 2010
Permanent representatives (1)
-
Inge SaeysVaste vertegenwoordigerState Gazette act 23065642 (17-05-2023)Permanent representative17-05-2023 → present
Former directors (11)
-
Patrick VerleyeDirectorState Gazette act 22020077 (14-02-2022)Former16-07-2020 → 16-09-2022
3 events
- 16-09-2022 Resigned· Director
- 14-02-2022 Appointed· Director
- 16-07-2020 Appointed· Plant manager
-
Levente HegedusManagerState Gazette act 19145136 (04-11-2019)Former04-11-2019 → 14-02-2022
2 events
- 14-02-2022 Resigned· Director
- 04-11-2019 Appointed· Manager
-
Paul Andrew NixonManagerState Gazette act 17060639 (27-04-2017)Former27-04-2017 → 14-02-2022
2 events
- 14-02-2022 Resigned· Director
- 27-04-2017 Appointed· Manager
-
Ralf SchönfelderManagerState Gazette act 20008507 (14-01-2020)Former14-01-2020 → 14-02-2022
2 events
- 14-02-2022 Resigned· Director
- 14-01-2020 Appointed· Manager
-
Pascal Van HovePlant managerState Gazette act 18149378 (10-10-2018)Former10-10-2018 → 16-07-2020
2 events
- 16-07-2020 Resigned· Plant manager
- 10-10-2018 Appointed· Plant manager
| KPMG Bedrijfsrevisoren BVCurrent Statutory auditor | 06-09-2024 → present |
Show 4 earlier auditors
| BCVBA PwC Bedrijfsrevisoren Statutory auditor succeeded by CVBA-SCRL RSM InterAudit in 2020 | 16-04-2018 → 07-02-2020 |
| CVBA-SCRL RSM InterAudit Statutory auditor succeeded by RSM INTERAUDIT in 2023 | 07-02-2020 → 17-05-2023 |
| Koen De Brabander Statutory auditor succeeded by BCVBA PwC Bedrijfsrevisoren in 2018 | 24-06-2011 → 16-04-2018 |
| RSM INTERAUDIT Statutory auditor succeeded by KPMG Bedrijfsrevisoren BV in 2024 | 17-05-2023 → 06-09-2024 |
| NACE primary | Manufacture of chemicals and chemical products(20130) |
| Legal form | Private limited company(610) |
| Incorporation | 19-09-1969 |
| Status | Active |
| Postal code | 8000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0459/00Z003 | Flanders | 4.6 ha | 1 · 1,538 m² | 14.0 m · 3 fl. |
We know of 40 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-09-2024 KPMG Bedrijfsrevisoren BV appointed as statutory auditor
- KPMG Bedrijfsrevisoren BV, Commissaris
Technical details
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}17-05-2023 2 directors appointed
- RSM INTERAUDIT, Commissaris
- Inge Saeys, Vaste vertegenwoordiger
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}16-09-2022 Patrick Verleye resigns as director
- Patrick Verleye, Bestuurder
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}13-05-2022 Articles of association amended
Technical details
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}29-04-2022 Capital increase to €3,850,000
- Inbreng in geld · Apport en numéraire
Technical details
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}14-02-2022 2 directors appointed, 3 resigning
- Jonathan Cork, Bestuurder
- Patrick Verleye, Bestuurder
- Levente Hegedus, Bestuurder
- Ralf Schönfelder, Bestuurder
- Paul Andrew Nixon, Bestuurder
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}09-02-2022 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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"firm_name": "BERQUIN NOTARISSEN",
"office_city": "Brussel",
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"pub_date": "2022-02-09",
"filing_date": "2022-02-07",
"act_kind_objet": "DIVERSEN"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2022-01-31",
"unanimous": null
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"conversion": null,
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"kbo": "0406.863.233",
"name": "Prince Belgium",
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"address": "Pathoekeweg 116-118, 8000 Brugge",
"is_foreign": false,
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"jurisdiction_country": null
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{
"kbo": null,
"name": "Prince Minerals Limited",
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"address": null,
"is_foreign": true,
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"jurisdiction_country": "GB"
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{
"kbo": null,
"name": "Prince Minerals GmbH",
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"exchange_ratio": null,
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"is_cross_border": false,
"is_silent_merger": false,
"balance_basis_date": null,
"exchange_ratio_text": null,
"new_shares_issued_n": 5,
"real_estate_included": false,
"patrimony_description": "De bijkomende inbreng in natura bestaat uit een vaststaande en opeisbare schuldvordering ten laste van de vennootschap. De uitgifte van vijf nieuwe aandelen wordt gecompenseerd door deze inbreng. Daarnaast vindt een uitkering in natura plaats aan de enige aandeelhouder via overdracht van een schuldvordering ten belope van 4.823.292,00 EUR naar Prince Minerals GmbH.",
"equity_transferred_eur": 6998006.0,
"accounting_effective_date": null
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"name_full": "Prince Belgium",
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"org_kbo": null,
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"summary_narrative": "De buitengewone algemene vergadering van de besloten vennootschap Prince Belgium (BV) besliste op 31 januari 2022 een bijkomende inbreng in natura van 6.998.006,00 EUR te verwezenlijken door middel van een schuldvordering, waarvoor vijf nieuwe aandelen worden uitgegeven. Daarnaast werd besloten de beschikbare eigen vermogensrekening te verminderen met 4.823.292,00 EUR door middel van een uitkering in natura aan de enige aandeelhouder, via overdracht van een schuldvordering naar Prince Minerals GmbH (Duitsland). De statuten werden gewijzigd om de nieuwe aandelen en de boekhoudkundige behandelin",
"co_filed_documents": [
"uitgifte van het proces-verbaal",
"volmacht",
"verslag van het bestuursorgaan",
"verslag van de commissaris opgesteld overeenkomstig artikelen 5:121 en 5:133 van het Wetboek van vennootschappen en verenigingen",
"geco\u00F6rdineerde tekst van statuten"
],
"detected_real_type": "other",
"referenced_correction": null,
"should_reroute_to_category": "capital_shares"
}29-03-2021 Articles of association amended
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}16-07-2020 1 director appointed, 1 resigning
- Patrick Verleye, Plant manager
- Pascal Van Hove, Plant manager
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}07-02-2020 CVBA-SCRL RSM InterAudit appointed as statutory auditor
- CVBA-SCRL RSM InterAudit, Commissaris
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}14-01-2020 1 director appointed, 1 resigning
- Ralf Schönfelder, Zaakvoerder
- Craig Cherry, Zaakvoerder
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}04-11-2019 Levente Hegedus appointed as manager
- Levente Hegedus, Zaakvoerder
Technical details
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}10-05-2019 Charles Truelove resigns as manager
- Charles Truelove, Zaakvoerder
Technical details
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}10-10-2018 3 directors appointed
- Pascal Van Hove, Plant manager
- Erwin Destuyver, Advocaat
- Michiel Stuyts, Advocaat
Technical details
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}16-04-2018 BCVBA PwC Bedrijfsrevisoren appointed as statutory auditor
- BCVBA PwC Bedrijfsrevisoren, Commissaris
Technical details
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}27-04-2017 Paul Andrew Nixon appointed as manager
- Paul Andrew Nixon, Zaakvoerder
Technical details
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}15-12-2016 Heather Moore resigns as manager
- Heather Moore, Zaakvoerder
Technical details
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}11-04-2016 1 director appointed, 1 resigning
- Heather Anne Moore, Zaakvoerder
- Matthew Gee, Zaakvoerder
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}15-07-2015 Articles of association amended
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- Koen De Brabander, Commissaris
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}13-12-2010 1 director appointed, 1 resigning
- Johan Goegebeur, Zaakvoerder
- Stijn Vervisch, Zaakvoerder
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}08-03-2010 3 directors appointed, 1 resigning
- Stijn VERVISCH, Zaakvoerder
- Johan Goegebeur, Zaakvoerder
- Margrietenpad 12, 8301 Knokke-Heist, Zaakvoerder
- Philip VAN TIEGHEM, Zaakvoerder
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}| Legal nameNL | PEMCO Belgium |