PENDULUM CARE
ActiveSummary
PENDULUM CARE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €765k and a net result of €45k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-23
Solvency93▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.68 in 2024; short-term debt: 27.1% and cash: 0% of total assets), and 31.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
68.1%
Return on assets
4%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
61 d late
2023
on the day
2022
16 d early
2021
4 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€765k▲ 6.2%
2024 · €720k
2018: €454klowest in 8 years
2019: €468k▲ +3.1% vs 2018
2020: €494k▲ +5.5% vs 2019
2021: €472k▼ -4.4% vs 2020
2022: €485k▲ +2.7% vs 2021
2023: €487k▲ +0.4% vs 2022
2024: €720k▲ +47.8% vs 2023
2025: €765k▲ +6.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.12M▲ 7.2%
2024 · €1.05M
2018: €619k
2019: €609k▼ -1.6% vs 2018lowest in 8 years
2020: €632k▲ +3.7% vs 2019
2021: €628k▼ -0.6% vs 2020
2022: €614k▼ -2.3% vs 2021
2023: €700k▲ +14.0% vs 2022
2024: €1.05M▲ +49.6% vs 2023
2025: €1.12M▲ +7.2% vs 2024highest in 8 years
2018 → 2025
Net result
€45k▼ 80.8%
2024 · €233k
2018: €14k
2019: €14k▼ -1.4% vs 2018
2020: €26k▲ +83.9% vs 2019
2021: €-22k▼ -185% vs 2020lowest in 8 years
2022: €13k▲ +159% vs 2021
2023: €4k▼ -70.9% vs 2022
2024: €233k▲ +6154% vs 2023highest in 8 years
2025: €45k▼ -80.8% vs 2024
2018 → 2025
Working capital
€-20k▲ 75.3%
2024 · €-79k
2018: €-79k
2019: €-76k▲ +4.0% vs 2018
2020: €-70k▲ +7.1% vs 2019
2021: €-75k▼ -6.6% vs 2020
2022: €-67k▲ +10.6% vs 2021
2023: €-12k▲ +82.3% vs 2022highest in 8 years
2024: €-79k▼ -570% vs 2023lowest in 8 years
2025: €-20k▲ +75.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€472k-€485k▲ 2.7%€487k▲ 0.4%€720k▲ 47.8%€765k▲ 6.2%
2021: €472klowest in 5 years
2022: €485k▲ +2.7% vs 2021
2023: €487k▲ +0.4% vs 2022
2024: €720k▲ +47.8% vs 2023
2025: €765k▲ +6.2% vs 2024highest in 5 years
Operating result€-18k-€18k€11k▼ 41.2%€44k▲ 309%€73k▲ 65.4%
2021: €-18klowest in 5 years
2022: €18k▲ +203% vs 2021
2023: €11k▼ -41.2% vs 2022
2024: €44k▲ +309% vs 2023
2025: €73k▲ +65.4% vs 2024highest in 5 years
Net result€-22k-€13k€4k▼ 70.9%€233k▲ 6,154%€45k▼ 80.8%
2021: €-22klowest in 5 years
2022: €13k▲ +159% vs 2021
2023: €4k▼ -70.9% vs 2022
2024: €233k▲ +6154% vs 2023highest in 5 years
2025: €45k▼ -80.8% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€838k ▼ 4.4%
Current assets
€284k ▲ 67.5%
Equity and liabilities €1.12M
Equity
€765k ▲ 6.2%
Debt
€358k ▲ 9.5%
Debt's share of the balance-sheet total rises from 31.2% to 31.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112k▲
2024 · €59k
Cash flow
€83k▼
2024 · €247k
Current ratio
0.94▲
2024 · 0.68
Quick ratio
0.45▼
2024 · 0.68
Debt to equity
0.47▲
2024 · 0.45
ROE
5.8%▼
2024 · 32.3%
ROA
4.0%▼
2024 · 22.2%
Interest coverage
9.64▲
2024 · 6.97
Debt ≤ 1 year
€304k▲
2024 · €249k
Debt > 1 year
€54k▼
2024 · €78k
Income taxes
€20k▼
2024 · €33k
Staff costs
€39k▼
2024 · €40k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.05M€1.12M▲
Fixed assets21/28€877k€838k▼
Intangible fixed assets21€118k€95k▼
Tangible fixed assets22/27€160k€145k▼
Land and buildings22€52k€53k▲
Plant, machinery and equipment23€339€0▼
Furniture and vehicles24€1k€470▼
Leasing and similar rights25€93k€86k▼
Other tangible fixed assets26€13k€6k▼
Financial fixed assets28€598k€598k=
Current assets29/58€170k€284k▲
Stocks and contracts in progress3-€146k
Stocks30/36-€146k
Amounts receivable within one year40/41€165k€134k▼
Trade receivables40€82k€61k▼
Other amounts receivable41€83k€73k▼
Cash at bank and in hand54/58€658€163▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.12M▲
Equity10/15€720k€765k▲
Contributions10/11€286k€286k=
Reserves13€434k€479k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€434k€479k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€327k€358k▲
Amounts payable after more than one year17€78k€54k▼
Financial debts170/4€78k€54k▼
Amounts payable within one year42/48€249k€304k▲
Current portion of amounts payable after more than one year42€29k€24k▼
Financial debts43€34k€91k▲
Credit institutions430/8€34k€4k▼
Other loans439-€88k
Trade debts44€142k€143k▲
Suppliers440/4€142k€143k▲
Taxes, remuneration and social security45€25k€35k▲
Taxes450/3€20k€30k▲
Remuneration and social security454/9€5k€5k▼
Other amounts payable47/48€19k€11k▼
Income statement
Code20242025
Remuneration, social security and pensions62€40k€39k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€39k▲
Other operating charges640/8€4k€8k▲
Non-recurring operating charges66A€3k€339▼
Gross operating margin9900€107k€158k▲
Operating profit (loss)9901€44k€73k▲
Financial income75/76B€230k€3k▼
Recurring financial income75€374€3k▲
Non-recurring financial income76B€230k€0▼
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€266k€65k▼
Income taxes67/77€33k€20k▼
Profit (loss) for the period9904€233k€45k▼
Profit (loss) for the period to be appropriated9905€233k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€233k€45k▼
Transfer to equity691/2€233k€45k▼
To other reserves6921€233k€45k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €0 | - | - | €40k | €39k | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €36k | €8k | €15k | €39k | ▲ 164% |
| Other operating charges640/8 | €2k | €3k | €2k | €4k | €8k | ▲ 75.0% |
| Non-recurring operating charges66A | - | - | - | €3k | €339 | ▼ 89.8% |
| Gross operating margin9900 | €11k | €57k | €21k | €107k | €158k | ▲ 48.7% |
| Operating profit (loss)9901 | €-18k | €18k | €11k | €44k | €73k | ▲ 65.4% |
| Financial income75/76B | €0 | €0 | €0 | €230k | €3k | ▼ 98.8% |
| Recurring financial income75 | €0 | €0 | €0 | €374 | €3k | ▲ 639% |
| Non-recurring financial income76B | - | - | - | €230k | €0 | ▼ 100% |
| Financial charges65/66B | €4k | €3k | €4k | €8k | €12k | ▲ 37.2% |
| Recurring financial charges65 | €4k | €3k | €4k | €8k | €12k | ▲ 37.2% |
| Profit (loss) for the period before taxes9903 | €-21k | €15k | €7k | €266k | €65k | ▼ 75.7% |
| Income taxes67/77 | €283 | €2k | €3k | €33k | €20k | ▼ 39.9% |
| Profit (loss) for the period9904 | €-22k | €13k | €4k | €233k | €45k | ▼ 80.8% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €13k | €4k | €233k | €45k | ▼ 80.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €628k | €614k | €700k | €1.05M | €1.12M | ▲ 7.2% |
| Fixed assets21/28 | €614k | €601k | €602k | €877k | €838k | ▼ 4.4% |
| Intangible fixed assets21 | - | - | - | €118k | €95k | ▼ 20.0% |
| Tangible fixed assets22/27 | €177k | €165k | €166k | €160k | €145k | ▼ 9.5% |
| Land and buildings22 | €55k | €64k | €58k | €52k | €53k | ▲ 0.4% |
| Plant, machinery and equipment23 | €2k | €613 | €794 | €339 | €0 | ▼ 100% |
| Furniture and vehicles24 | €5k | €1k | €2k | €1k | €470 | ▼ 66.4% |
| Leasing and similar rights25 | €116k | €98k | €98k | €93k | €86k | ▼ 7.8% |
| Other tangible fixed assets26 | - | - | €7k | €13k | €6k | ▼ 52.4% |
| Financial fixed assets28 | €436k | €436k | €436k | €598k | €598k | = |
| Current assets29/58 | €14k | €13k | €97k | €170k | €284k | ▲ 67.5% |
| Stocks and contracts in progress3 | - | - | - | - | €146k | - |
| Stocks30/36 | - | - | - | - | €146k | - |
| Amounts receivable within one year40/41 | €12k | €12k | €33k | €165k | €134k | ▼ 18.9% |
| Trade receivables40 | €0 | - | €11k | €82k | €61k | ▼ 25.9% |
| Other amounts receivable41 | €12k | €12k | €22k | €83k | €73k | ▼ 12.0% |
| Cash at bank and in hand54/58 | €2k | €0 | €63k | €658 | €163 | ▼ 75.2% |
| Deferred charges and accrued income490/1 | €738 | €988 | €1k | €4k | €4k | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €628k | €614k | €700k | €1.05M | €1.12M | ▲ 7.2% |
| Equity10/15 | €472k | €485k | €487k | €720k | €765k | ▲ 6.2% |
| Contributions10/11 | €286k | €286k | €286k | €286k | €286k | = |
| Reserves13 | €186k | €199k | €201k | €434k | €479k | ▲ 10.3% |
| Non-distributable reserves130/1 | €29k | €29k | €29k | €0 | - | - |
| Reserves not available under the articles1311 | €29k | €29k | €29k | €0 | - | - |
| Distributable reserves133 | €158k | €170k | €172k | €434k | €479k | ▲ 10.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €156k | €129k | €213k | €327k | €358k | ▲ 9.5% |
| Amounts payable after more than one year17 | €67k | €49k | €103k | €78k | €54k | ▼ 30.9% |
| Financial debts170/4 | €67k | €49k | €103k | €78k | €54k | ▼ 30.9% |
| Amounts payable within one year42/48 | €89k | €80k | €109k | €249k | €304k | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | €27k | €18k | €41k | €29k | €24k | ▼ 18.0% |
| Financial debts43 | €5k | €8k | €7k | €34k | €91k | ▲ 172% |
| Credit institutions430/8 | €5k | €7k | €7k | €34k | €4k | ▼ 89.5% |
| Other loans439 | - | €1k | €0 | - | €88k | - |
| Trade debts44 | €20k | €13k | €32k | €142k | €143k | ▲ 0.6% |
| Suppliers440/4 | €20k | €13k | €32k | €142k | €143k | ▲ 0.6% |
| Taxes, remuneration and social security45 | €8k | €8k | €4k | €25k | €35k | ▲ 38.7% |
| Taxes450/3 | €4k | €4k | €2k | €20k | €30k | ▲ 52.2% |
| Remuneration and social security454/9 | €4k | €4k | €3k | €5k | €5k | ▼ 10.7% |
| Other amounts payable47/48 | €29k | €32k | €25k | €19k | €11k | ▼ 41.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €13k | €4k | €233k | €45k | ▼ 80.8% |
| + Depreciation and write-downs630 | €27k | €36k | €8k | €15k | €39k | ▲ 164% |
| Operating cash flow (approximation) | €6k | €49k | €12k | €247k | €83k | ▼ 66.4% |
| Investment in fixed assets (approximation) | - | €-23k | €-9k | €-289k | €339 | ▲ 100% |
| Change in cash | - | €-2k | €63k | €-63k | €-495 | ▲ 99.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
07-08
State Gazette act
Capital & shares · RestructuringDemerger · Accounting effect · Name change7 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Accounting effect · Name change7 facts ▸
- General meeting, 17/07/2026
- Demerger, Partiële splitsing door inbreng van delen van activa en passiva in nieuw op te richten vennootschap DID
- Accounting effect, 01/01/2026
- Name change, PENDULUM CARE
- Power of attorney, TITECA
- Accounting adjustment, Vermindering beschikbare inbreng buiten kapitaal: € 279.446,71; Vermindering beschikbare reserves: € 467.554,34
- Single shareholder declaration, Alle aandelen in één hand verenigd
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €233k ▲6,154%
Net result €233k, the highest in the series.
31-12
Financial
Equity above €500kEq €720k ▲47.8%
3 profitable years in a row build equity to €720k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2009
Ground area
1,907 m²
Building footprint
133 m²
Volume, LiDAR
694 m³
Parcel 33026B0106/00H003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Brielenstraat 60, 8908 Ieper
since 20092.175.690.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33026B0106/00H003 | Flanders | 1,907 m² | 1 · 133 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 · 5 entries · 22,091 EUR awarded · 22,091 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 9,520 EUR |
| 2024 | 2 | 3,051 EUR | 3,051 EUR |
| 2023 | 1 | 19,040 EUR | 9,520 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,698 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-01-2009
Fiscal year end31-12
Legal name NL
PENDULUM DID
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.