P.S. MANAGEMENT
ActiveP.S. MANAGEMENT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.07M and a net result of €1.15M. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+1
Solvency78▼-18
Growth75=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 3.49 in 2024; short-term debt: 20.4% and cash: 12.9% of total assets), and 46.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 70
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
53.3%
Return on assets
8.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
29 d late
2023
22 d late
2022
29 d late
2021
18 d late
2020
30 d late
2019
55 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.06M▲ 13.9%
2024 · €1.81M
2018: €984k
2019: €1.08M
2020: €1.15M
2021: €1.29M
2022: €1.01M
2023: €1.52M
2024: €1.81M
2018 → 2025
EBIT margin
41.1%▼ 2.1pp
2024 · 43.2%
2018: 47.8%
2019: 51.7%
2020: 43.3%
2021: 45.0%
2022: 26.1%
2023: 41.6%
2024: 43.2%
2018 → 2025
Net result
€1.15M▲ 71.0%
2024 · €675k
2018: €348k
2019: €411k
2020: €521k
2021: €602k
2022: €122k
2023: €572k
2024: €675k
2018 → 2025
Working capital
€2.00M▼ 36.6%
2024 · €3.15M
2018: €5.80M
2019: €5.24M
2020: €4.84M
2021: €4.33M
2022: €3.40M
2023: €3.08M
2024: €3.15M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.29M-€1.01M▼ 21.8%€1.52M▲ 50.7%€1.81M▲ 19.2%€2.06M▲ 13.9%
Equity€5.65M-€5.77M▲ 2.2%€6.04M▲ 4.7%€6.32M▲ 4.6%€7.07M▲ 11.9%
Operating result€580k-€263k▼ 54.6%€633k▲ 141%€782k▲ 23.5%€848k▲ 8.4%
Net result€602k-€122k▼ 79.8%€572k▲ 369%€675k▲ 18.2%€1.15M▲ 71.0%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.27M
Fixed assets
€8.57M▲ 91.1%
Current assets
€4.70M▲ 6.4%
Equity and liabilities €13.27M
Equity
€7.07M▲ 11.9%
Provisions
€652k▼ 1.4%
Debt
€5.55M▲ 188%
The debt ratio rises from 21.6% to 41.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.03M▲
2024 · €944k
Cash flow
€1.33M▲
2024 · €837k
Solvency
53.3%▼
2024 · 71.0%
Current ratio
1.74▼
2024 · 3.49
Quick ratio
1.74▼
2024 · 3.49
Debt / equity
0.78▲
2024 · 0.30
ROE
16.3%▲
2024 · 10.7%
ROA
8.7%▲
2024 · 7.6%
Interest coverage
55.05▲
2024 · 35.71
Debt
€5.55M▲
2024 · €1.92M
Debt ≤ 1 year
€2.70M▲
2024 · €1.27M
Debt > 1 year
€2.85M▲
2024 · €658k
Income taxes
€256k▼
2024 · €591k
Staff costs
€297k▲
2024 · €69k
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€8.90M€13.27M▲
Fixed assets21/28€4.49M€8.57M▲
Tangible fixed assets22/27€3.03M€2.95M▼
Land and buildings22€2.75M€2.64M▼
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€271k€307k▲
Financial fixed assets28€1.46M€5.62M▲
Affiliated companies280/1€1.46M€5.62M▲
Participating interests280€1.46M€5.62M▲
Other financial fixed assets284/8€75€0▼
Amounts receivable and cash guarantees285/8€75€0▼
Current assets29/58€4.42M€4.70M▲
Amounts receivable after more than one year29€2.11M€1.58M▼
Trade receivables290€2.11M-
Other amounts receivable291-€1.58M
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€2.25M€1.40M▼
Trade receivables40€1.14M€740k▼
Other amounts receivable41€1.11M€661k▼
Cash at bank and in hand54/58€48k€1.71M▲
Deferred charges and accrued income490/1€15k€11k▼
Equity and liabilities
Total equity and liabilities10/49€8.90M€13.27M▲
Equity10/15€6.32M€7.07M▲
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Reserves13€1.09M€1.19M▲
Non-distributable reserves130/1€75k€75k=
Legal reserve130€75k€75k=
Tax-exempt reserves132€1.01M€1.05M▲
Distributable reserves133-€63k
Profit (loss) carried forward14€4.48M€5.14M▲
Provisions and deferred taxes16€661k€652k▼
Provisions for liabilities and charges160/5€379k€379k=
Taxes161€379k€379k=
Deferred taxes168€282k€272k▼
Amounts payable17/49€1.92M€5.55M▲
Amounts payable after more than one year17€658k€2.85M▲
Financial debts170/4€658k€2.85M▲
Credit institutions173€658k€134k▼
Other loans174-€2.71M
Amounts payable within one year42/48€1.27M€2.70M▲
Current portion of amounts payable after more than one year42€637k€1.08M▲
Financial debts43€88k€213k▲
Credit institutions430/8€88k€213k▲
Trade debts44€12k€41k▲
Suppliers440/4€12k€41k▲
Advances received on contracts in progress46€93k€0▼
Taxes, remuneration and social security45€36k€23k▼
Taxes450/3€33k€22k▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€400k€1.35M▲
Income statement
Code20242025
Operating income70/76A€1.94M€2.22M▲
Turnover70€1.81M€2.06M▲
Other operating income74€119k€149k▲
Non-recurring operating income76A€11k€7k▼
Operating charges60/66A€1.16M€1.37M▲
Services and other goods61€857k€845k▼
Remuneration, social security and pensions62€69k€297k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€162k€180k▲
Other operating charges640/8€71k€50k▼
Operating profit (loss)9901€782k€848k▲
Financial income75/76B€503k€573k▲
Recurring financial income75€503k€573k▲
Income from financial fixed assets750€450k€531k▲
Income from current assets751€48k€40k▼
Other financial income752/9€5k€2k▼
Financial charges65/66B€28k€19k▼
Recurring financial charges65€28k€19k▼
Debt charges650€26k€19k▼
Other financial charges652/9€2k€642▼
Profit (loss) for the period before taxes9903€1.26M€1.40M▲
Transfer from deferred taxes780€9k€9k=
Income taxes67/77€591k€256k▼
Taxes670/3€617k€260k▼
Tax adjustments and reversals of tax provisions77€26k€4k▼
Profit (loss) for the period9904€675k€1.15M▲
Transfer from tax-exempt reserves789€28k€91k▲
Transfer to tax-exempt reserves689€105k€126k▲
Profit (loss) for the period to be appropriated9905€598k€1.12M▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.88M€5.60M▲
Profit (loss) brought forward from the previous period14P€4.28M€4.48M▲
Transfer to equity691/2-€63k
To other reserves6921-€63k
Profit to be distributed694/7€400k€400k=
Return on contributions (dividend)694€400k€400k=
Social balance
Average headcount (FTE)90870.41.5▲
The notes to these accounts (62 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
31-12
Financial
Highest result since 2018net €1.15M ▲71%
Operating result €848k, net result €1.15M, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €122k ▼79.8%
Net result drops to €122k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Equity above €5MEq €5.23M ▲6.5%
3 profitable years in a row build equity to €5.23M.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Zele · 1 establishment unit since 1996
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.
Mespeleir 129240 ZeleGround area
2,963 m²
Building footprint
184 m²
Volume, LiDAR
1,097 m³
Parcel 42028B0321/00P000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
P.S. MANAGEMENT
since 19962.078.122.852
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B0321/00P000 | Flanders | 2,963 m² | 1 · 184 m² | 9.0 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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Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 8,811 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-07-1996
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.