P.S.M.
ActiveP.S.M. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €6k. Equity is shrinking by ~23% per year across the filed fiscal years. Its solvency ranks better than 24% of 2042 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-3
Solvency35▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.74 in 2024; short-term debt: 62.2% and cash: 1.6% of total assets), and 89.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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
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
10.1%
Return on assets
2.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2042 sector peers (2025).
NBB · sector comparisonPosition among 2042 sector peers
Solvency
better than 24%
← weakest
strongest →
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 €23k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
153 d late
2022
121 d late
2021
220 d late
2020
152 d late
2019
136 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 14.9%
2024 · €20k
2018: €90k
2019: €77k
2020: €79k
2021: €45k
2022: €28k
2023: €15k
2024: €20k
2018 → 2025
Total assets
€228k▼ 2.5%
2024 · €234k
2018: €399k
2019: €391k
2020: €386k
2021: €278k
2022: €250k
2023: €239k
2024: €234k
2018 → 2025
Net result
€6k▼ 27.7%
2024 · €9k
2018: €14k
2019: €-9k
2020: €6k
2021: €-31k
2022: €-14k
2023: €-10k
2024: €9k
2018 → 2025
Working capital
€-39k▼ 14.3%
2024 · €-34k
2018: €49k
2019: €34k
2020: €38k
2021: €5k
2022: €-16k
2023: €-34k
2024: €-34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€28k▼ 38.3%€15k▼ 47.2%€20k▲ 36.5%€23k▲ 14.9%
Operating result€-27k-€-11k▲ 60.6%€-6k▲ 44.5%€13k€11k▼ 17.9%
Net result€-31k-€-14k▲ 55.4%€-10k▲ 29.5%€9k€6k▼ 27.7%
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 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228k
Fixed assets
€125k▼ 8.3%
Current assets
€103k▲ 5.6%
Equity and liabilities €228k
Equity
€23k▲ 14.9%
Debt
€205k▼ 4.1%
The debt ratio falls from 91.5% to 89.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €26k
Cash flow
€19k▼
2024 · €21k
Solvency
10.1%▲
2024 · 8.5%
Current ratio
0.73▼
2024 · 0.74
Quick ratio
0.73▼
2024 · 0.74
Debt / equity
8.95▼
2024 · 10.72
ROE
26.9%▼
2024 · 42.8%
ROA
2.7%▼
2024 · 3.6%
Interest coverage
3.00▼
2024 · 3.18
Debt
€205k▼
2024 · €214k
Debt ≤ 1 year
€142k▲
2024 · €131k
Debt > 1 year
€63k▼
2024 · €82k
Income taxes
€233▲
2024 · €218
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€234k€228k▼
Fixed assets21/28€136k€125k▼
Tangible fixed assets22/27€136k€125k▼
Land and buildings22€136k€123k▼
Furniture and vehicles24-€1k
Current assets29/58€98k€103k▲
Amounts receivable within one year40/41€78k€85k▲
Trade receivables40€30k€37k▲
Other amounts receivable41€48k€48k=
Current investments50/53€13k€13k▲
Cash at bank and in hand54/58€6k€4k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€234k€228k▼
Equity10/15€20k€23k▲
Contributions10/11€6k€6k=
Reserves13€35k€32k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€33k€30k▼
Profit (loss) carried forward14€-21k€-15k▲
Amounts payable17/49€214k€205k▼
Amounts payable after more than one year17€82k€63k▼
Financial debts170/4€82k€63k▼
Amounts payable within one year42/48€131k€142k▲
Current portion of amounts payable after more than one year42€18k€19k▲
Financial debts43€45k€42k▼
Credit institutions430/8€45k€42k▼
Trade debts44€64k€76k▲
Suppliers440/4€64k€76k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€704€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€125
Gross operating margin9900€28k€26k▼
Operating profit (loss)9901€13k€11k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€9k€6k▼
Income taxes67/77€218€233▲
Profit (loss) for the period9904€9k€6k▼
Profit (loss) for the period to be appropriated9905€9k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-15k▲
Profit (loss) brought forward from the previous period14P€-30k€-21k▲
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after 3 loss-making years.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 220 days late
2021
31-12
Financial
Weakest financial yearnet €-31k ▼651%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 136 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-02-2026
Resigned as Manager
Location & real-estate footprint
Registered office, Ans · 1 establishment unit since 1991
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.
Rue du Preyai 214432 AnsGround area
1,406 m²
Building footprint
256 m²
Volume, LiDAR
1,556 m³
2 parcels, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Branche Planchard 17, 4430 Ans
since 19912.053.946.888
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62117A0529/00B000 | Wallonia | 1,162 m² | 1 · 206 m² | 7.3 m · 2 fl. |
| 62332B0115/02E002 | Wallonia | 244 m² | 1 · 50 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,495 companies in sector 85510 we hold annual accounts for 718. 596 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-1991
Fiscal year end31-12
Activities, NACEBEL
85510Sports and recreation education
92622
73120Media representation
74402
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.