Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PetSerCo Holding from Elsene, company number BE0788446781, closed financial year 2025 with a result of € -4.4 million after tax. For that financial year PetSerCo Holding recorded revenue of € 209,733 and equity of € 102.4 million. Compared with financial year 2024, the result moved from € -1.6 million to € -4.4 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 7, 2026.
€ 102.4 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.4 million
▼ 179 % more loss than in 2024
Profit after tax over the fiscal year.
€ 429,391
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.8 million.
Debts at end 2025
€ 30.5 million
▼ 8% vs 2024
Loans from banks and other lenders, long and short.
€ 167,775
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 86 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 168,750 | € 405,000 | € 316,544 | € 209,733 | ▼ 34% |
| Profit after taxes | € -2,038,321 | € -828,585 | € -1,570,628 | € -4,387,485 | ▼ € 2.8 million |
| Equity | € 102,168,679 | € 101,340,094 | € 100,748,466 | € 102,361,494 | ▲ 2% |
| Total debts | € 25,324,068 | € 20,263,537 | € 38,942,150 | € 35,810,354 | ▼ 8% |
| Cash | € 6,397,684 | - | € 540,041 | € 429,391 | ▼ 20% |
| Retained profit | € -2,038,321 | € -2,866,906 | € -4,437,534 | € -8,825,019 | ▼ € 4.4 million |
| Bank debt | € 25,000,000 | € 20,018,143 | € 33,100,001 | € 30,519,143 | ▼ 8% |
| Balance sheet total | € 127,492,747 | € 121,603,631 | € 139,690,616 | € 138,171,848 | ▼ 1% |
Key figures of PetSerCo Holding, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PetSerCo Holding?
What happened at PetSerCo Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pascal Clouzard stepped down as director. NBB
- Gilles VANHOUWE stepped down as director. NBB
- S3 MANAGEMENT stepped down as director. NBB
- Norawild SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.4 million. filed late Source: NBB ↗
- Jesper HOJER stepped down as director. NBB
- S3 MANAGEMENT became a director. NBB
- Jesper HOJER became a director. NBB
In short
From € 2 million loss in 2022 to € 4.4 million loss in 2025.
Pays suppliers within 86 days on average.
Management
The stake of VERLINVEST, WAY2GROW, Norawild comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PetSerCo HoldingThe shares are held by VERLINVEST (65.8%), WAY2GROW (16.6%) and Norawild (16.1%). It owns 100% of PetSerCo and 99% of BARQ EUROPE NV itself.
Directors
According to the 2025 annual accounts
Pascal Clouzard
Director
since 2023 · until 2033
Managing director · represented by Thierry Le Grelle
Also active at: D'Ieteren Group, ANISERCO, BARQ, ANISTORES, BARQ EUROPE
since 2023 · until 2029
Gilles VANHOUWE
Director
since 2022 · until 2033
since 2023 · until 2025
since 2025 · until 2031
Shareholders
Participations
100%
99%
Establishments
Establishment units
Physical locations of this company
Eugène Flageyplein 18
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 30 companies are registered at this address.
All companies at this address →Opératie 1971
MERIFIN EUROPE
€ 652,024 gross margin · 2025
Euregalia
VERLINVEST same network
€ 1.2 million revenue · 2025
Brussels Jazz Orchestra
+25 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0788.446.781
- VAT number
- BE 0788.446.781
- Registered office
- Eugène Flageyplein 18, 1050 Elsene
- Names & denominations
- PetSerCo Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 2022
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Diverse administratieve activiteiten ten behoeve van kantoren