P.S.H.
ActiveP.S.H. has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €253k and a net result of €233k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+65
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 30.38 against 0.64 in 2024; short-term debt: 2.1% and cash: 53.7% of total assets), and 2.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
97.9%
Return on assets
90%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €253k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
20 d early
2023
13 d early
2022
19 d early
2021
29 d late
2020
23 d late
2019
9 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€253k▲ 1,137%
2024 · €20k
2018: €136k
2019: €20k
2020: €83k
2021: €87k
2022: €20k
2023: €20k
2024: €20k
2018 → 2025
Total assets
€258k▲ 32.1%
2024 · €196k
2018: €150k
2019: €106k
2020: €86k
2021: €96k
2022: €99k
2023: €178k
2024: €196k
2018 → 2025
Net result
€233k▲ 46.2%
2024 · €159k
2018: €39k
2019: €83k
2020: €62k
2021: €67k
2022: €49k
2023: €138k
2024: €159k
2018 → 2025
Working capital
€159k
2024 · €-63k
2018: €118k
2019: €15k
2020: €77k
2021: €81k
2022: €15k
2023: €14k
2024: €-63k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€20k▼ 76.5%€20k=€20k=€253k▲ 1,137%
Operating result€92k-€66k▼ 28.8%€187k▲ 185%€216k▲ 15.7%€74k▼ 66.0%
Net result€67k-€49k▼ 26.0%€138k▲ 179%€159k▲ 15.2%€233k▲ 46.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €258k
Fixed assets
€94k▲ 12.8%
Current assets
€165k▲ 46.4%
Equity and liabilities €258k
Equity
€253k▲ 1,137%
Debt
€5k▼ 96.9%
The debt ratio falls from 89.5% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▼
2024 · €219k
Cash flow
€240k▲
2024 · €162k
Solvency
97.9%▲
2024 · 10.5%
Current ratio
30.38▲
2024 · 0.64
Quick ratio
30.38▲
2024 · 0.64
Debt / equity
0.02▼
2024 · 8.56
ROE
91.9%▼
2024 · 777.4%
ROA
90.0%▲
2024 · 81.3%
Interest coverage
271.49▼
2024 · 1248.42
Debt
€5k▼
2024 · €175k
Debt ≤ 1 year
€5k▼
2024 · €175k
Income taxes
€20k▼
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€196k€258k▲
Fixed assets21/28€83k€94k▲
Tangible fixed assets22/27€33k€44k▲
Land and buildings22€417€347▼
Plant, machinery and equipment23€815€10k▲
Furniture and vehicles24€32k€33k▲
Financial fixed assets28€50k€50k=
Current assets29/58€113k€165k▲
Amounts receivable within one year40/41€20k€20k▼
Trade receivables40€20k€2k▼
Other amounts receivable41€6€18k▲
Cash at bank and in hand54/58€87k€139k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€196k€258k▲
Equity10/15€20k€253k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14-€233k
Amounts payable17/49€175k€5k▼
Amounts payable within one year42/48€175k€5k▼
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€36k-
Taxes450/3€36k-
Other amounts payable47/48€136k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€221k€82k▼
Operating profit (loss)9901€216k€74k▼
Financial income75/76B€5€179k▲
Recurring financial income75€5€179k▲
Financial charges65/66B€176€297▲
Recurring financial charges65€176€297▲
Profit (loss) for the period before taxes9903€216k€253k▲
Income taxes67/77€57k€20k▼
Profit (loss) for the period9904€159k€233k▲
Profit (loss) for the period to be appropriated9905€159k€233k▲
Appropriation of the result
Profit (loss) to be appropriated9906€159k€233k▲
Profit to be distributed694/7€159k-
Return on contributions (dividend)694€159k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €233k ▲46.2%
Net result €233k, the highest in the series.
31-12
Financial
Liquidity times 47current ratio 30.38
Current ratio from 0.64 to 30.38; short-term debt falls from €175k to €5k.
31-12
Financial
Equity above €200kEq €253k ▲1137%
8 profitable years in a row build equity to €253k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Liquidity times 21current ratio 25.18
Current ratio from 1.17 to 25.18; short-term debt falls from €85k to €3k.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zoutleeuw · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Roelstraat 493440 ZoutleeuwGround area
1,006 m²
Building footprint
385 m²
Volume, LiDAR
2,239 m³
Parcel 24017E0122/00D002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
P.S.H.
since 20152.247.780.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24017E0122/00D002 | Flanders | 1,006 m² | 1 · 385 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
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.
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G&H ELEKTRICITEITSWERKEN
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STEVAC
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ESD
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 7,885 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2015
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.