Summary
P-Tech is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10,317 and a net result of €3,423. Equity is shrinking by ~40.1% per year across the filed fiscal years. Its solvency ranks better than 6% of 5587 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 5587 sector peers (2025).
NBB · sector comparisonPosition among 5587 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 6 filingsDeviation from the deadline
2025
13 d late
2024
51 d early
2023
14 d early
2022
173 d early
2021
53 d early
2020
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 55 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€10,317▲ 49.6%
2024 · €6,894
Net result
€3,423
2024 · -€30,332
Total assets
€983,200▲ 25.3%
2024 · €784,630
Solvency
1.0%▲ 0.2pp
2024 · 0.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€62,903▲ 18.9%€47,984▼ 23.7%€31,110▼ 35.2%-€4,747€26,929
Net result€48,682within the sector's middle half▲ 18.0%€39,980within the sector's middle half▼ 17.9%€18,626within the sector's middle half▼ 53.4%-€30,332below the sector's middle half€3,423below the sector's middle half
Equity€102,329below the sector's middle half▲ 90.7%€142,309below the sector's middle half▲ 39.1%€37,226below the sector's middle half▼ 73.8%€6,894below the sector's middle half▼ 81.5%€10,317below the sector's middle half▲ 49.6%
Total assets€138,501below the sector's middle half▲ 73.6%€270,918below the sector's middle half▲ 95.6%€879,260within the sector's middle half▲ 225%€784,630within the sector's middle half▼ 10.8%€983,200within the sector's middle half▲ 25.3%
Debt€36,172▲ 38.5%€128,609▲ 256%€842,034▲ 555%€777,735▼ 7.6%€972,883▲ 25.1%
Working capital€101,585within the sector's middle half▲ 94.1%€79,748within the sector's middle half▼ 21.5%-€156,081within the sector's middle half-€237,985below the sector's middle half▼ 52.5%-€423,882below the sector's middle half▼ 78.1%
Solvency73.9%within the sector's middle half▲ 6.6pp52.5%within the sector's middle half▼ 21.4pp4.2%below the sector's middle half▼ 48.3pp0.9%below the sector's middle half▼ 3.4pp1.0%below the sector's middle half▲ 0.2pp
Current ratio3.81above the sector's middle half▲ 0.803.11above the sector's middle half▼ 0.700.46within the sector's middle half▼ 2.640.10below the sector's middle half▼ 0.360.15below the sector's middle half▲ 0.04
Return on assets (ROA)35.1%above the sector's middle half▼ 16.6pp14.8%above the sector's middle half▼ 20.4pp2.1%within the sector's middle half▼ 12.6pp-3.9%below the sector's middle half▼ 6.0pp0.3%below the sector's middle half▲ 4.2pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 returns to profit in 2025: €26,929 after a loss of €4,747 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €983,200
Fixed assets
€910,735 ▲ 20.3%
Current assets
€72,466 ▲ 165%
Equity and liabilities €983,200
Equity
€10,317 ▲ 49.6%
Debt
€972,883 ▲ 25.1%
Debt's share of the balance-sheet total falls from 99.1% to 99.0%. Equity and debt are higher.
Key figures and ratios
ROE
33.2%▲
2024 · -439.9%
Debt ≤ 1 year
€496,348▲
2024 · €265,289
Debt > 1 year
€476,535▼
2024 · €512,446
Income taxes
€1,193▲
2024 · €192
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €569 | €5,613 | €20,327 | €49,208 | €65,307 | ▲ 32.7% |
| Other operating charges640/8 | €6,973 | €1,596 | €3,001 | €1,496 | €5,005 | ▲ 235% |
| Gross operating margin9900 | €70,445 | €55,192 | €54,438 | €45,956 | €97,241 | ▲ 112% |
| Operating profit (loss)9901 | €62,903 | €47,984 | €31,110 | -€4,747 | €26,929 | ▲ 667% |
| Financial income75/76B | €0 | €0 | €0 | - | - | - |
| Recurring financial income75 | €0 | €0 | €0 | - | - | - |
| Financial charges65/66B | €1,271 | €2,717 | €12,276 | €25,392 | €22,313 | ▼ 12.1% |
| Recurring financial charges65 | €1,271 | €2,717 | €12,276 | €25,392 | €22,313 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €61,632 | €45,267 | €18,833 | -€30,140 | €4,616 | ▲ 115% |
| Income taxes67/77 | €12,950 | €5,286 | €207 | €192 | €1,193 | ▲ 521% |
| Profit (loss) for the period9904 | €48,682 | €39,980 | €18,626 | -€30,332 | €3,423 | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | €48,682 | €39,980 | €18,626 | -€30,332 | €3,423 | ▲ 111% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138,501 | €270,918 | €879,260 | €784,630 | €983,200 | ▲ 25.3% |
| Fixed assets21/28 | €743 | €153,331 | €744,589 | €757,326 | €910,735 | ▲ 20.3% |
| Tangible fixed assets22/27 | €743 | €153,331 | €744,589 | €757,326 | €910,735 | ▲ 20.3% |
| Land and buildings22 | - | - | €582,174 | €612,609 | €774,929 | ▲ 26.5% |
| Furniture and vehicles24 | €743 | €10,854 | €8,411 | €8,195 | €16,766 | ▲ 105% |
| Other tangible fixed assets26 | - | €142,477 | €154,005 | €136,522 | €119,040 | ▼ 12.8% |
| Current assets29/58 | €137,758 | €117,587 | €134,672 | €27,304 | €72,466 | ▲ 165% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €18,166 | €18,150 | €132,018 | €1,255 | €32,759 | ▲ 2,510% |
| Trade receivables40 | €18,150 | €18,150 | €20,231 | €0 | €114 | - |
| Other amounts receivable41 | €16 | €0 | €111,787 | €1,255 | €32,645 | ▲ 2,501% |
| Cash at bank and in hand54/58 | €117,072 | €96,873 | €0 | €10,739 | €33,838 | ▲ 215% |
| Deferred charges and accrued income490/1 | €2,519 | €2,565 | €2,654 | €15,310 | €5,869 | ▼ 61.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138,501 | €270,918 | €879,260 | €784,630 | €983,200 | ▲ 25.3% |
| Equity10/15 | €102,329 | €142,309 | €37,226 | €6,894 | €10,317 | ▲ 49.6% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €89,929 | €129,909 | €18,626 | €18,626 | €18,626 | = |
| Distributable reserves133 | €89,929 | €129,909 | €18,626 | €18,626 | €18,626 | = |
| Profit (loss) carried forward14 | - | - | €0 | -€30,332 | -€26,909 | ▲ 11.3% |
| Amounts payable17/49 | €36,172 | €128,609 | €842,034 | €777,735 | €972,883 | ▲ 25.1% |
| Amounts payable after more than one year17 | - | €90,770 | €543,318 | €512,446 | €476,535 | ▼ 7.0% |
| Financial debts170/4 | - | €90,770 | €543,318 | €509,746 | €476,535 | ▼ 6.5% |
| Other amounts payable178/9 | - | - | - | €2,700 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €36,172 | €37,839 | €290,752 | €265,289 | €496,348 | ▲ 87.1% |
| Current portion of amounts payable after more than one year42 | - | €9,230 | €22,452 | €33,572 | €34,015 | ▲ 1.3% |
| Financial debts43 | - | - | €79,274 | €0 | - | - |
| Other loans439 | - | - | €79,274 | €0 | - | - |
| Trade debts44 | €3,805 | €5,983 | €12,743 | €33,163 | €150,686 | ▲ 354% |
| Suppliers440/4 | €3,805 | €5,983 | €12,743 | €33,163 | €150,686 | ▲ 354% |
| Taxes, remuneration and social security45 | €32,269 | €16,909 | €4,500 | €15,220 | €9,953 | ▼ 34.6% |
| Taxes450/3 | €32,269 | €16,909 | €4,500 | €15,220 | €9,953 | ▼ 34.6% |
| Other amounts payable47/48 | €98 | €5,717 | €171,782 | €183,334 | €301,694 | ▲ 64.6% |
| Accrued charges and deferred income492/3 | - | - | €7,964 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,682 | €39,980 | €18,626 | -€30,332 | €3,423 | ▲ 111% |
| + Depreciation and write-downs630 | €569 | €5,613 | €20,327 | €49,208 | €65,307 | ▲ 32.7% |
| Operating cash flow (approximation) | €49,250 | €45,593 | €38,953 | €18,876 | €68,730 | ▲ 264% |
| Investment in fixed assets (approximation) | - | -€158,200 | -€611,585 | -€61,944 | -€218,716 | ▼ 253% |
| Change in cash | - | -€20,200 | -€96,873 | €10,739 | €23,099 | ▲ 115% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
31-12
Financial
Back to profitnet €3,423
Net result €3,423 after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€30,332
Net result drops to -€30,332, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2020net €48,682 ▲18%
Operating result €62,903, net result €48,682, both a record.
31-12
Financial
Equity above €100,000Eq €102,329 ▲90.7%
2 profitable years in a row build equity to €102,329.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Ronse · 1 establishment unit since 2019
Ground area
2,083 m²
Building footprint
187 m²
Volume, LiDAR
5 m³
Parcel 45041B1886/00G000, Flanders · tallest building 0.8 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
P-Tech Bvba
since 20192.285.478.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041B1886/00G000 | Flanders | 2,083 m² | 1 · 187 m² | 0.8 m |
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 24,729 companies in sector 64210 we hold annual accounts for 19,799. 5,193 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
Founded18-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
Phone
000000000Ronse
E-invoicing
Reachable via Peppol
Peppol ID
0208:0718871156
Also
9925:BE0718871156
Registered
06-03-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.