P & PC Partners
ActiveSummary
P & PC Partners has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €69k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency60▼-35
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 3.06 in 2024; short-term debt: 64.9% and cash: 61.9% of total assets), and 64.9% 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+raises 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
35.1%
Return on assets
27.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 d early
2024
14 d early
2023
22 d early
2022
20 d early
2021
13 d early
2020
26 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, abbreviated schema
Equity
€87k▼ 46.1%
2024 · €162k
2019: €38klowest in 7 years
2020: €75k▲ +98.1% vs 2019
2021: €116k▲ +54.0% vs 2020
2022: €118k▲ +1.7% vs 2021
2023: €154k▲ +30.4% vs 2022
2024: €162k▲ +5.0% vs 2023highest in 7 years
2025: €87k▼ -46.1% vs 2024
2019 → 2025
Total assets
€248k▲ 6.7%
2024 · €232k
2019: €44klowest in 7 years
2020: €136k▲ +205% vs 2019
2021: €155k▲ +14.7% vs 2020
2022: €174k▲ +12.0% vs 2021
2023: €244k▲ +40.0% vs 2022
2024: €232k▼ -4.6% vs 2023
2025: €248k▲ +6.7% vs 2024highest in 7 years
2019 → 2025
Net result
€69k▲ 81.8%
2024 · €38k
2019: €33k
2020: €38k▲ +16.5% vs 2019
2021: €28k▼ -26.4% vs 2020lowest in 7 years
2022: €47k▲ +66.1% vs 2021
2023: €66k▲ +40.2% vs 2022
2024: €38k▼ -42.8% vs 2023
2025: €69k▲ +81.8% vs 2024highest in 7 years
2019 → 2025
Working capital
€78k▼ 46.1%
2024 · €146k
2019: €38klowest in 7 years
2020: €46k▲ +20.0% vs 2019
2021: €68k▲ +49.4% vs 2020
2022: €77k▲ +12.9% vs 2021
2023: €124k▲ +60.8% vs 2022
2024: €146k▲ +17.5% vs 2023highest in 7 years
2025: €78k▼ -46.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€118k▲ 1.7%€154k▲ 30.4%€162k▲ 5.0%€87k▼ 46.1%
2021: €116k
2022: €118k▲ +1.7% vs 2021
2023: €154k▲ +30.4% vs 2022
2024: €162k▲ +5.0% vs 2023highest in 5 years
2025: €87k▼ -46.1% vs 2024lowest in 5 years
Operating result€39k-€63k▲ 62.1%€88k▲ 41.4%€52k▼ 41.5%€91k▲ 75.7%
2021: €39klowest in 5 years
2022: €63k▲ +62.1% vs 2021
2023: €88k▲ +41.4% vs 2022
2024: €52k▼ -41.5% vs 2023
2025: €91k▲ +75.7% vs 2024highest in 5 years
Net result€28k-€47k▲ 66.1%€66k▲ 40.2%€38k▼ 42.8%€69k▲ 81.8%
2021: €28klowest in 5 years
2022: €47k▲ +66.1% vs 2021
2023: €66k▲ +40.2% vs 2022
2024: €38k▼ -42.8% vs 2023
2025: €69k▲ +81.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 76% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248k
Fixed assets
€9k ▼ 46.4%
Current assets
€239k ▲ 10.7%
Equity and liabilities €248k
Equity
€87k ▼ 46.1%
Debt
€161k ▲ 128%
Debt's share of the balance-sheet total rises from 30.4% to 64.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€98k▲
2024 · €68k
Cash flow
€76k▲
2024 · €54k
Current ratio
1.49▼
2024 · 3.06
Debt to equity
1.85▲
2024 · 0.44
ROE
78.7%▲
2024 · 23.3%
ROA
27.6%▲
2024 · 16.2%
Interest coverage
289.77▼
2024 · 353.31
Debt ≤ 1 year
€161k▲
2024 · €71k
Income taxes
€22k▲
2024 · €14k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€232k€248k▲
Fixed assets21/28€16k€9k▼
Tangible fixed assets22/27€16k€9k▼
Plant, machinery and equipment23€2k€874▼
Furniture and vehicles24€7k€2k▼
Other tangible fixed assets26€7k€6k▼
Current assets29/58€216k€239k▲
Amounts receivable within one year40/41€80k€73k▼
Trade receivables40€75k€73k▼
Other amounts receivable41€5k€157▼
Cash at bank and in hand54/58€118k€153k▲
Deferred charges and accrued income490/1€19k€13k▼
Equity and liabilities
Total equity and liabilities10/49€232k€248k▲
Equity10/15€162k€87k▼
Contributions10/11€19k€19k=
Reserves13€143k€69k▼
Distributable reserves133€143k€69k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€71k€161k▲
Amounts payable within one year42/48€71k€161k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€21k€23k▲
Taxes450/3€17k€20k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€46k€136k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€8k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€69k€99k▲
Operating profit (loss)9901€52k€91k▲
Financial charges65/66B€193€340▲
Recurring financial charges65€193€340▲
Profit (loss) for the period before taxes9903€52k€91k▲
Income taxes67/77€14k€22k▲
Profit (loss) for the period9904€38k€69k▲
Profit (loss) for the period to be appropriated9905€38k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€69k▲
Transfer from equity791/2-€143k
Transfer to equity691/2€8k€69k▲
To other reserves6921€8k€69k▲
Profit to be distributed694/7€30k€143k▲
Return on contributions (dividend)694€30k€143k▲
The notes to these accounts (4 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 | €14k | €15k | €15k | €17k | €8k | ▼ 54.2% |
| Other operating charges640/8 | €1k | €747 | €2k | €1k | €1k | ▲ 3.2% |
| Gross operating margin9900 | €53k | €78k | €105k | €69k | €99k | ▲ 43.7% |
| Operating profit (loss)9901 | €39k | €63k | €88k | €52k | €91k | ▲ 75.7% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €597 | €393 | €2k | €193 | €340 | ▲ 75.9% |
| Recurring financial charges65 | €597 | €393 | €2k | €193 | €340 | ▲ 75.9% |
| Profit (loss) for the period before taxes9903 | €38k | €62k | €87k | €52k | €91k | ▲ 75.7% |
| Income taxes67/77 | €10k | €15k | €21k | €14k | €22k | ▲ 59.1% |
| Profit (loss) for the period9904 | €28k | €47k | €66k | €38k | €69k | ▲ 81.8% |
| Profit (loss) for the period to be appropriated9905 | €28k | €47k | €66k | €38k | €69k | ▲ 81.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155k | €174k | €244k | €232k | €248k | ▲ 6.7% |
| Fixed assets21/28 | €54k | €41k | €30k | €16k | €9k | ▼ 46.4% |
| Tangible fixed assets22/27 | €54k | €41k | €30k | €16k | €9k | ▼ 46.4% |
| Plant, machinery and equipment23 | - | - | - | €2k | €874 | ▼ 49.5% |
| Furniture and vehicles24 | €43k | €31k | €21k | €7k | €2k | ▼ 72.1% |
| Other tangible fixed assets26 | €12k | €10k | €9k | €7k | €6k | ▼ 20.0% |
| Current assets29/58 | €101k | €133k | €214k | €216k | €239k | ▲ 10.7% |
| Amounts receivable within one year40/41 | €76 | €88k | €189k | €80k | €73k | ▼ 8.8% |
| Trade receivables40 | - | €88k | €189k | €75k | €73k | ▼ 3.2% |
| Other amounts receivable41 | €76 | - | €44 | €5k | €157 | ▼ 96.7% |
| Cash at bank and in hand54/58 | €100k | €44k | €1k | €118k | €153k | ▲ 30.3% |
| Deferred charges and accrued income490/1 | €870 | €741 | €23k | €19k | €13k | ▼ 30.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155k | €174k | €244k | €232k | €248k | ▲ 6.7% |
| Equity10/15 | €116k | €118k | €154k | €162k | €87k | ▼ 46.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €98k | €100k | €135k | €143k | €69k | ▼ 52.1% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €96k | €98k | €135k | €143k | €69k | ▼ 52.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €39k | €56k | €90k | €71k | €161k | ▲ 128% |
| Amounts payable after more than one year17 | €7k | - | - | - | - | - |
| Financial debts170/4 | €7k | - | - | - | - | - |
| Amounts payable within one year42/48 | €33k | €56k | €90k | €71k | €161k | ▲ 128% |
| Current portion of amounts payable after more than one year42 | €19k | €7k | €0 | - | - | - |
| Trade debts44 | €1k | €4k | €11k | €4k | €2k | ▼ 61.4% |
| Suppliers440/4 | €1k | €4k | €11k | €4k | €2k | ▼ 61.4% |
| Taxes, remuneration and social security45 | €7k | €28k | €31k | €21k | €23k | ▲ 10.8% |
| Taxes450/3 | €7k | €25k | €28k | €17k | €20k | ▲ 12.8% |
| Remuneration and social security454/9 | - | €3k | €3k | €3k | €3k | = |
| Other amounts payable47/48 | €5k | €18k | €48k | €46k | €136k | ▲ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €47k | €66k | €38k | €69k | ▲ 81.8% |
| + Depreciation and write-downs630 | €14k | €15k | €15k | €17k | €8k | ▼ 54.2% |
| Operating cash flow (approximation) | €42k | €62k | €81k | €54k | €76k | ▲ 40.4% |
| Investment in fixed assets (approximation) | - | €-1k | €-5k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €-56k | €-43k | €117k | €36k | ▼ 69.4% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €69k ▲81.8%
Operating result €91k, net result €69k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €154k ▲30.4%
5 profitable years in a row build equity to €154k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €28k ▼26.4%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €116k ▲54%
3 profitable years in a row build equity to €116k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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.
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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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2019
Ground area
373 m²
Building footprint
82 m²
Volume, LiDAR
626 m³
Parcel 23084A0297/00H004, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
P & PC Partners
since 20192.284.853.014
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0297/00H004 | Flanders | 373 m² | 1 · 82 m² | 9.9 m · 3 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,360 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
Founded25-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.