P
ActiveSummary
P has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139k and a net result of €21k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 30% 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
Profitability71▲+27
Solvency55▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.94 in 2024; short-term debt: 29.2% and cash: 27.6% of total assets), and 69.8% 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
30.2%
Return on assets
4.6%
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 10-08-2026, 10 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
10 d late
2024
38 d early
2023
41 d early
2022
41 d early
2021
20 d early
2020
23 d early
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
€139k▲ 6.8%
2024 · €131k
2019: €63klowest in 7 years
2020: €76k▲ +19.9% vs 2019
2021: €106k▲ +40.5% vs 2020
2022: €143k▲ +35.0% vs 2021
2023: €154k▲ +7.8% vs 2022highest in 7 years
2024: €131k▼ -15.4% vs 2023
2025: €139k▲ +6.8% vs 2024
2019 → 2025
Total assets
€462k▲ 10.5%
2024 · €418k
2019: €125klowest in 7 years
2020: €140k▲ +12.5% vs 2019
2021: €148k▲ +5.3% vs 2020
2022: €176k▲ +19.1% vs 2021
2023: €421k▲ +139% vs 2022
2024: €418k▼ -0.8% vs 2023
2025: €462k▲ +10.5% vs 2024highest in 7 years
2019 → 2025
Net result
€21k▲ 406%
2024 · €4k
2019: €13k
2020: €13k▼ -4.2% vs 2019
2021: €31k▲ +144% vs 2020
2022: €37k▲ +21.4% vs 2021highest in 7 years
2023: €26k▼ -31.1% vs 2022
2024: €4k▼ -83.5% vs 2023lowest in 7 years
2025: €21k▲ +406% vs 2024
2019 → 2025
Working capital
€47k▼ 38.1%
2024 · €76k
2019: €50k
2020: €65k▲ +30.4% vs 2019
2021: €93k▲ +41.7% vs 2020
2022: €125k▲ +35.0% vs 2021highest in 7 years
2023: €107k▼ -14.0% vs 2022
2024: €76k▼ -29.6% vs 2023
2025: €47k▼ -38.1% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€143k▲ 35.0%€154k▲ 7.8%€131k▼ 15.4%€139k▲ 6.8%
2021: €106klowest in 5 years
2022: €143k▲ +35.0% vs 2021
2023: €154k▲ +7.8% vs 2022highest in 5 years
2024: €131k▼ -15.4% vs 2023
2025: €139k▲ +6.8% vs 2024
Operating result€46k-€56k▲ 23.4%€38k▼ 32.9%€20k▼ 48.2%€42k▲ 112%
2021: €46k
2022: €56k▲ +23.4% vs 2021highest in 5 years
2023: €38k▼ -32.9% vs 2022
2024: €20k▼ -48.2% vs 2023lowest in 5 years
2025: €42k▲ +112% vs 2024
Net result€31k-€37k▲ 21.4%€26k▼ 31.1%€4k▼ 83.5%€21k▲ 406%
2021: €31k
2022: €37k▲ +21.4% vs 2021highest in 5 years
2023: €26k▼ -31.1% vs 2022
2024: €4k▼ -83.5% vs 2023lowest in 5 years
2025: €21k▲ +406% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 112% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €462k
Fixed assets
€281k ▲ 7.1%
Current assets
€182k ▲ 16.2%
Equity and liabilities €462k
Equity
€139k ▲ 6.8%
Debt
€323k ▲ 12.2%
Debt's share of the balance-sheet total rises from 68.8% to 69.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54k▲
2024 · €30k
Cash flow
€34k▲
2024 · €15k
Current ratio
1.35▼
2024 · 1.94
Debt to equity
2.31▲
2024 · 2.20
ROE
15.3%▲
2024 · 3.2%
ROA
4.6%▲
2024 · 1.0%
Interest coverage
5.53▲
2024 · 2.85
Debt ≤ 1 year
€135k▲
2024 · €81k
Debt > 1 year
€188k▼
2024 · €207k
Income taxes
€11k▲
2024 · €5k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€418k€462k▲
Fixed assets21/28€262k€281k▲
Tangible fixed assets22/27€262k€281k▲
Land and buildings22€251k€243k▼
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€556€26k▲
Other tangible fixed assets26€7k€6k▼
Current assets29/58€156k€182k▲
Amounts receivable within one year40/41€68k€54k▼
Trade receivables40€53k€7k▼
Other amounts receivable41€15k€47k▲
Cash at bank and in hand54/58€89k€127k▲
Equity and liabilities
Total equity and liabilities10/49€418k€462k▲
Equity10/15€131k€139k▲
Contributions10/11€19k€19k=
Reserves13€112k€121k▲
Distributable reserves133€112k€121k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€287k€323k▲
Amounts payable after more than one year17€207k€188k▼
Financial debts170/4€207k€188k▼
Amounts payable within one year42/48€81k€135k▲
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€13k€14k▲
Suppliers440/4€13k€14k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€48k€98k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€13k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€31k€56k▲
Operating profit (loss)9901€20k€42k▲
Financial income75/76B€161€300▲
Recurring financial income75€161€300▲
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€9k€32k▲
Income taxes67/77€5k€11k▲
Profit (loss) for the period9904€4k€21k▲
Profit (loss) for the period to be appropriated9905€4k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€21k▲
Transfer from equity791/2€28k€13k▼
Transfer to equity691/2€4k€21k▲
To other reserves6921€4k€21k▲
Profit to be distributed694/7€28k€13k▼
Return on contributions (dividend)694€28k€13k▼
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €12k | €10k | €13k | ▲ 24.4% |
| Other operating charges640/8 | - | €1k | €30k | €1k | €1k | ▲ 8.6% |
| Gross operating margin9900 | €49k | €60k | €80k | €31k | €56k | ▲ 78.7% |
| Operating profit (loss)9901 | €46k | €56k | €38k | €20k | €42k | ▲ 112% |
| Financial income75/76B | - | €2k | €5k | €161 | €300 | ▲ 85.7% |
| Recurring financial income75 | - | €2k | €5k | €161 | €300 | ▲ 85.7% |
| Financial charges65/66B | - | €436 | €4k | €10k | €10k | ▼ 6.4% |
| Recurring financial charges65 | €660 | €436 | €4k | €10k | €10k | ▼ 6.4% |
| Profit (loss) for the period before taxes9903 | €45k | €58k | €39k | €9k | €32k | ▲ 245% |
| Income taxes67/77 | €14k | €21k | €14k | €5k | €11k | ▲ 110% |
| Profit (loss) for the period9904 | €31k | €37k | €26k | €4k | €21k | ▲ 406% |
| Profit (loss) for the period to be appropriated9905 | €31k | €37k | €26k | €4k | €21k | ▲ 406% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148k | €176k | €421k | €418k | €462k | ▲ 10.5% |
| Fixed assets21/28 | €14k | €20k | €272k | €262k | €281k | ▲ 7.1% |
| Tangible fixed assets22/27 | €14k | €20k | €272k | €262k | €281k | ▲ 7.1% |
| Land and buildings22 | - | - | €258k | €251k | €243k | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €8k | €5k | €3k | €5k | ▲ 39.6% |
| Furniture and vehicles24 | - | €2k | €848 | €556 | €26k | ▲ 4,616% |
| Other tangible fixed assets26 | - | €10k | €9k | €7k | €6k | ▼ 17.2% |
| Current assets29/58 | €134k | €156k | €149k | €156k | €182k | ▲ 16.2% |
| Amounts receivable after more than one year29 | - | €50k | €0 | - | - | - |
| Other amounts receivable291 | - | €50k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €55k | €76k | €128k | €68k | €54k | ▼ 19.8% |
| Trade receivables40 | - | €28k | €42k | €53k | €7k | ▼ 87.3% |
| Other amounts receivable41 | - | €48k | €86k | €15k | €47k | ▲ 216% |
| Cash at bank and in hand54/58 | €78k | €30k | €21k | €89k | €127k | ▲ 43.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148k | €176k | €421k | €418k | €462k | ▲ 10.5% |
| Equity10/15 | €106k | €143k | €154k | €131k | €139k | ▲ 6.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €88k | €125k | €136k | €112k | €121k | ▲ 7.9% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €123k | €136k | €112k | €121k | ▲ 7.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €42k | €33k | €267k | €287k | €323k | ▲ 12.2% |
| Amounts payable after more than one year17 | - | - | €225k | €207k | €188k | ▼ 9.2% |
| Financial debts170/4 | - | - | €225k | €207k | €188k | ▼ 9.2% |
| Amounts payable within one year42/48 | €41k | €31k | €42k | €81k | €135k | ▲ 67.2% |
| Current portion of amounts payable after more than one year42 | - | - | €17k | €18k | €19k | ▲ 4.5% |
| Trade debts44 | €6k | €7k | €5k | €13k | €14k | ▲ 9.2% |
| Suppliers440/4 | - | €7k | €5k | €13k | €14k | ▲ 9.2% |
| Taxes, remuneration and social security45 | - | €24k | €5k | €2k | €4k | ▲ 111% |
| Taxes450/3 | - | €24k | €5k | €2k | €4k | ▲ 111% |
| Other amounts payable47/48 | - | €417 | €14k | €48k | €98k | ▲ 105% |
| Accrued charges and deferred income492/3 | - | €2k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €37k | €26k | €4k | €21k | ▲ 406% |
| + Depreciation and write-downs630 | €2k | €3k | €12k | €10k | €13k | ▲ 24.4% |
| Operating cash flow (approximation) | €33k | €40k | €37k | €15k | €34k | ▲ 135% |
| Investment in fixed assets (approximation) | - | €-9k | €-263k | €0 | €-31k | - |
| Change in cash | - | €-48k | €-9k | €67k | €39k | ▼ 42.5% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €4k ▼83.5%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €154k ▲7.8%
5 profitable years in a row build equity to €154k.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €37k ▲21.4%
Operating result €56k, net result €37k, both a record.
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €100kEq €106k ▲40.5%
3 profitable years in a row build equity to €106k.
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 393 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 154 days late
2017
15-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Herselt · 1 establishment unit since 2013
Ground area
1,507 m²
Building footprint
163 m²
Volume, LiDAR
1,031 m³
Parcel 13034I0171/00P000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Westmeerbeeksesteenweg(RAM) 60, 2230 Herselt
since 20132.296.467.872
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034I0171/00P000 | Flanders | 1,507 m² | 1 · 163 m² | 11.0 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.
Similar companies · same sector, comparable size
HENMIJ
BE 0462.889.146
Kapellen · Eq €139,465
VANDEMAELE
BE 0437.014.593
Menen · Eq €139,495
DPS Invest
BE 0500.878.405
Elsene · Eq €139,463
KEY ST8
BE 1010.752.569
Deinze · Eq €139,461
Patscom
BE 0895.655.933
Aalst · Eq €139,450
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,894 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
Founded29-08-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
63920Other information service activities
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.