Checked.be
Active
BE 0699.507.481Private limited company
PFVR & CO
Rue du Pré de Litrange,H.-M. 12 ·1320 Beauvechain, Belgium· 8 yrs active
Sector: Warehousing and storage
(52100)
Conclusion
PFVR & CO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200k and a net result of €9k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €200k |
| Net result | €9k |
| Better than sector | 22% |
| Active | 8 yrs |
Financial profile
43
/ 100
Fragile profile, watch solvency in particular.
All 5 axes are computed from data Checked has read.
Health
36
Profitability
21
Solvency
8
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
36
/ 100
Weak
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.
Indicative credit limit
€7k
estimate, not credit advice
Score history
43
2021
36
2022
33
2023
51
2024
36
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.05 (< 1.0)
-10
Quick ratio
Quick ratio 0.05 (< 0.6)
-5
Leverage
Debt/equity 7.15 (> 3.0)
-10
Profitability
ROE 4%
+3
Interest coverage
Interest coverage 5.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~6.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
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 52, Warehousing and support activities for transportation · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.3% | 36.7% | |
| Net result | €9k | €33k | |
| Equity | €200k | €313k | |
| Gross operating margin | €117k | €291k | |
| Total assets | €1.63M | €1.10M |
€98k
-20.1%
21-25
€9k
-69.4%
21-25
€74k
-28.9%
21-25
€1.63M
-6.8%
21-25
€200k
+3.6%
21-25
€-539k
-13.0%
21-25
€7k
+318097.7%
21-25
€2k
0.0%
21-25
€1.43M
-8.1%
21-25
€566k
-0.3%
21-25
€864k
-12.5%
21-25
0.05
-70.0%
21-25
0.05
-70.0%
21-25
12.3%
+11.2%
21-25
7.15
-11.3%
21-25
4.3%
-70.4%
21-25
0.5%
-67.1%
21-25
5.74
-13.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €98k | €123k | €104k | €104k | €101k |
| Net profit | €9k | €28k | €1k | €12k | €18k |
| Cash flow | €74k | €104k | €79k | €78k | €79k |
| Staff costs | - | - | - | - | - |
| Income taxes | €7k | €2 | €4k | €4k | - |
| Dividends | €2k | €2k | €2k | - | - |
| Total assets | €1.63M | €1.75M | €1.85M | €1.82M | €1.81M |
| Equity | €200k | €193k | €167k | €167k | €156k |
| Debt | €1.43M | €1.56M | €1.68M | €1.65M | €1.65M |
| of which ≤ 1y | €566k | €568k | €569k | €416k | €338k |
| of which > 1y | €864k | €987k | €1.11M | €1.23M | €1.31M |
| Working capital | €-539k | €-476k | €-453k | €-369k | €-300k |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.05 | 0.16 | 0.20 | 0.11 | 0.11 |
| Quick ratio | 0.05 | 0.16 | 0.12 | 0.11 | 0.11 |
| Working capital ratio | -33.1% | -27.3% | -24.5% | -20.3% | -16.6% |
| Solvency | 12.3% | 11.0% | 9.0% | 9.2% | 8.6% |
| Debt / equity | 7.15 | 8.06 | 10.10 | 9.89 | 10.60 |
| Long-term debt ratio | 4.32 | 5.11 | 6.69 | 7.37 | 8.43 |
| Interest coverage | 5.74 | 6.63 | 5.06 | 4.74 | 4.63 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.5% | 1.6% | 0.1% | 0.6% | 1.0% |
| ROE | 4.3% | 14.5% | 0.8% | 7.0% | 11.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.63M | €1.75M | €1.85M | €1.82M | €1.81M |
| Fixed assets | 21/28 | €1.60M | €1.66M | €1.73M | €1.77M | €1.77M |
| Tangible fixed assets | 22/27 | €1.60M | €1.66M | €1.72M | €1.77M | €1.77M |
| Financial fixed assets | 28 | - | - | €10k | - | - |
| Current assets | 29/58 | €27k | €91k | €116k | €47k | €38k |
| Stocks & contracts in progress | 3 | - | €0 | €45k | - | - |
| Amounts receivable within one year | 40/41 | €14k | €35k | €49k | €42k | €33k |
| Cash & bank | 54/58 | €12k | €56k | €20k | €3k | €5k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.63M | €1.75M | €1.85M | €1.82M | €1.81M |
| Equity | 10/15 | €200k | €193k | €167k | €167k | €156k |
| Contributions / capital | 10/11 | €35k | €35k | €35k | €35k | €35k |
| Reserves | 13 | €3k | €3k | €3k | €3k | €3k |
| Accumulated profits (losses) | 14 | €162k | €155k | €128k | €128k | €117k |
| Amounts payable | 17/49 | €1.43M | €1.56M | €1.68M | €1.65M | €1.65M |
| Amounts payable after one year | 17 | €864k | €987k | €1.11M | €1.23M | €1.31M |
| Amounts payable within one year | 42/48 | €566k | €568k | €569k | €416k | €338k |
| Trade debts payable within one year | 44 | €77k | €79k | €60k | €66k | €15k |
| Income statement | ||||||
| Gross operating margin | 9900 | €117k | €137k | €117k | €120k | €103k |
| Operating result | 9901 | €32k | €47k | €26k | €37k | €40k |
| Financial income | 75 | €4 | €7 | €3 | - | - |
| Financial charges | 65 | €17k | €18k | €20k | €22k | €22k |
| Result before taxes | 9903 | €15k | €28k | €5k | €15k | €18k |
| Income taxes | 67/77 | €7k | €2 | €4k | €4k | - |
| Net result for the period | 9904 | €9k | €28k | €1k | €12k | €18k |
| Result to be appropriated | 9905 | €9k | €28k | €1k | €12k | €18k |
Legal Structure
| NACE primary | Warehousing and storage(52100) |
| Legal form | Private limited company(610) |
| Incorporation | 02-07-2018 |
| Status | Active |
| Postal code | 1320 |
Establishment units
PFVR & CO
since 20182.278.372.226
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25038C0378/00C002 | Wallonia | 650 m² | 1 · 100 m² | 6.8 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200kEq €200k ▲3.6%
5 profitable years in a row build equity to €200k.
17-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 17 days late
2024
31-12
Financial
Highest result since 2021net €28k ▲2056%
Operating result €47k, net result €28k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Weakest financial yearnet €1k ▼88.9%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Warehousing and storage52100Agents in the wholesale of food, beverages and tobacco46170
Names & trade names
| Legal nameFR | PFVR & CO |
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