P.V.S.
ActiveP.V.S. has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.40M and a net result of €5.32M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 69% of 2031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▼-1
Solvency98▲+12
Growth83▼-2
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 3.74 against 1.89 in 2024), and 41.9% 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
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
58.1%
Return on assets
15.9%
Age of the figures
8 mo
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 · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €19.4M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
124 d late
2023
14 d late
2022
98 d late
2021
11 d early
2020
32 d early
2019
6 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€36.37M▲ 10.9%
2024 · €32.80M
2020: €15.97M
2021: €22.17M
2022: €29.87M
2023: €31.83M
2024: €32.80M
2020 → 2025
EBIT margin
19.9%▲ 0.4pp
2024 · 19.5%
2020: 1.3%
2021: 14.4%
2022: 5.8%
2023: 14.8%
2024: 19.5%
2020 → 2025
Net result
€5.32M▼ 50.9%
2024 · €10.85M
2018: €136k
2019: €227k
2020: €174k
2021: €2.46M
2022: €-5.80M
2023: €3.40M
2024: €10.85M
2018 → 2025
Working capital
€24.26M▲ 61.7%
2024 · €15.00M
2018: €2.72M
2019: €9.76M
2020: €11.48M
2021: €11.97M
2022: €4.27M
2023: €17.21M
2024: €15.00M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€22.17M-€29.87M▲ 34.7%€31.83M▲ 6.5%€32.80M▲ 3.1%€36.37M▲ 10.9%
Equity€5.62M-€-178k€3.23M€14.08M▲ 336%€19.40M▲ 37.8%
Operating result€3.19M-€1.74M▼ 45.5%€4.70M▲ 170%€6.41M▲ 36.6%€7.24M▲ 12.9%
Net result€2.46M-€-5.80M€3.40M€10.85M▲ 219%€5.32M▼ 50.9%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 13% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33.41M
Fixed assets
€299k▲ 44.1%
Current assets
€33.12M▲ 4.0%
Equity and liabilities €33.41M
Equity
€19.40M▲ 37.8%
Debt
€14.01M▼ 22.0%
The debt ratio falls from 56.1% to 41.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€7.33M▲
2024 · €6.48M
Cash flow
€5.42M▼
2024 · €10.92M
Solvency
58.1%▲
2024 · 43.9%
Current ratio
3.74▲
2024 · 1.89
Quick ratio
2.31▲
2024 · 1.12
Debt / equity
0.72▼
2024 · 1.28
ROE
27.4%▼
2024 · 77.1%
ROA
15.9%▼
2024 · 33.8%
Interest coverage
97770.84▲
2024 · 1604.92
Debt
€14.01M▼
2024 · €17.98M
Debt ≤ 1 year
€8.86M▼
2024 · €16.84M
Debt > 1 year
€4.65M▲
2024 · €864k
Income taxes
€1.82M▲
2024 · €-4.50M
Staff costs
€3.62M▲
2024 · €3.27M
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€32.05M€33.41M▲
Fixed assets21/28€208k€299k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€193k€285k▲
Land and buildings22€46k€41k▼
Plant, machinery and equipment23€93k€117k▲
Furniture and vehicles24€12k€101k▲
Other tangible fixed assets26€6k€2k▼
Assets under construction and advance payments27€36k€25k▼
Financial fixed assets28€14k€14k=
Other financial fixed assets284/8€14k€14k=
Amounts receivable and cash guarantees285/8€14k€14k=
Current assets29/58€31.84M€33.12M▲
Amounts receivable after more than one year29€800k€800k=
Other amounts receivable291€800k€800k=
Stocks and contracts in progress3€12.92M€12.64M▼
Stocks30/36€12.92M€12.64M▼
Goods purchased for resale34€12.69M€12.49M▼
Advance payments36€226k€152k▼
Amounts receivable within one year40/41€3.83M€2.84M▼
Trade receivables40€2.27M€2.83M▲
Other amounts receivable41€1.56M€6k▼
Current investments50/53-€6.00M
Other investments51/53-€6.00M
Cash at bank and in hand54/58€14.21M€10.63M▼
Deferred charges and accrued income490/1€87k€202k▲
Equity and liabilities
Total equity and liabilities10/49€32.05M€33.41M▲
Equity10/15€14.08M€19.40M▲
Contributions10/11€2.21M€2.21M=
Capital10€2.21M€2.21M=
Issued capital100€2.21M€2.21M=
Reserves13€221k€221k=
Non-distributable reserves130/1€221k€221k=
Legal reserve130€221k€221k=
Profit (loss) carried forward14€11.64M€16.97M▲
Amounts payable17/49€17.98M€14.01M▼
Amounts payable after more than one year17€864k€4.65M▲
Other amounts payable178/9€864k€4.65M▲
Amounts payable within one year42/48€16.84M€8.86M▼
Trade debts44€6.57M€5.55M▼
Suppliers440/4€6.57M€5.55M▼
Taxes, remuneration and social security45€1.14M€1.30M▲
Taxes450/3€797k€930k▲
Remuneration and social security454/9€344k€368k▲
Other amounts payable47/48€9.13M€2.01M▼
Accrued charges and deferred income492/3€270k€511k▲
Income statement
Code20242025
Operating income70/76A€34.23M€36.54M▲
Turnover70€32.80M€36.37M▲
Other operating income74€585k€165k▼
Non-recurring operating income76A€844k€3k▼
Operating charges60/66A€27.82M€29.30M▲
Goods for resale, raw materials and consumables60€19.52M€20.18M▲
Purchases600/8€22.15M€19.87M▼
Change in stocks: decrease (increase)609€-2.63M€303k▲
Services and other goods61€4.95M€5.40M▲
Remuneration, social security and pensions62€3.27M€3.62M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€93k▲
Other operating charges640/8€11k€4k▼
Non-recurring operating charges66A€434€231▼
Operating profit (loss)9901€6.41M€7.24M▲
Financial income75/76B€211k€544k▲
Recurring financial income75€211k€544k▲
Income from current assets751€31k€162k▲
Other financial income752/9€180k€382k▲
Financial charges65/66B€277k€640k▲
Recurring financial charges65€277k€640k▲
Debt charges650€4k€75▼
Other financial charges652/9€273k€640k▲
Profit (loss) for the period before taxes9903€6.35M€7.14M▲
Income taxes67/77€-4.50M€1.82M▲
Taxes670/3€1.67M€1.82M▲
Tax adjustments and reversals of tax provisions77€6.17M€0▼
Profit (loss) for the period9904€10.85M€5.32M▼
Profit (loss) for the period to be appropriated9905€10.85M€5.32M▼
Appropriation of the result
Profit (loss) to be appropriated9906€11.65M€16.97M▲
Profit (loss) brought forward from the previous period14P€797k€11.64M▲
Transfer to equity691/2€3k€0▼
To the legal reserve6920€3k€0▼
Social balance
Average headcount (FTE)908747.948.6▲
The notes to these accounts (74 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 124 days late
2024
31-12
Financial
Highest result since 2018net €10.85M ▲219%
Net result €10.85M, the highest in the series.
31-12
Financial
Equity above €10MEq €14.08M ▲336%
2 profitable years in a row build equity to €14.08M.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
31-12
Financial
Back to profitnet €3.40M
Net result €3.40M after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.90
Current ratio from 1.25 to 4.90; short-term debt falls from €16.92M to €4.42M.
31-12
Financial
Equity above €2MEq €3.23M
Equity rises from €-178k to €3.23M.
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 98 days late
2022
31-12
Financial
Weakest financial yearnet €-5.80M ▼336%
Net result drops to €-5.80M, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €5MEq €5.62M ▲77.9%
4 profitable years in a row build equity to €5.62M.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
31-12
Financial
Liquidity times 8current ratio 12.68
Current ratio from 1.57 to 12.68; short-term debt falls from €4.77M to €836k.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2022
Ria Stas
CurrentDirector · since 02-12-2022
02-12-2022
Appointed as Director
Location & real-estate footprint
Registered office, Hasselt · 2 establishment units since 2017
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.
Kolmenstraat 1493512 HasseltGround area
5.2 ha
Building footprint
9,798 m²
Volume, LiDAR
59,701 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Kolmenstraat 149, 3512 Hasselt
since 20172.270.211.853
Veldstraat 97, 3500 Hasselt
since 20232.343.285.220
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71055A0027/00P000 | Flanders | 4.9 ha | 1 · 8,562 m² | 8.2 m · 2 fl. |
| 71326F0026/00V002 | Flanders | 2,764 m² | 1 · 1,236 m² | 7.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 54,325 EUR awarded · 49,360 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 19,662 EUR | 14,749 EUR |
| 2024 | 2 | 5,192 EUR | 5,192 EUR |
| 2023 | 3 | 24,419 EUR | 24,419 EUR |
| 2022 | 2 | 5,052 EUR | 5,000 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
1 categoryP.V.S. NV38473
Legal Entity Identifier
894500D8DQ2LC0XKDV15
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ELECTROTECHNIQUE ET MECANIQUE PUTMAN FRERES
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CEGELEC
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,271. 245 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-06-2000
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
46431Wholesale of electrical household appliances and audio-video equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.