P.W. CONSULTING
ActiveP.W. CONSULTING has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.26M and a net result of €-119k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 3175 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▲+2
Solvency70▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.29 against 3.69 in 2024; short-term debt: 7% and cash: 0% of total assets), but 55.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 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
44.7%
Return on assets
-4.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-119k
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
65 d late
2022
31 d late
2021
24 d late
2020
22 d early
2019
17 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-119k▼ 1.8%
2024 · €-117k
2018: €51k
2019: €92k
2020: €59k
2021: €731k
2022: €214k
2023: €-223k
2024: €-117k
2018 → 2025
Working capital
€254k▼ 32.1%
2024 · €374k
2018: €-176k
2019: €-182k
2020: €-140k
2021: €1.09M
2022: €1.01M
2023: €499k
2024: €374k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.51M-€1.72M▲ 14.2%€1.50M▼ 12.9%€1.38M▼ 7.8%€1.26M▼ 8.6%
Operating result€819k-€255k▼ 68.9%€-199k€-87k▲ 56.2%€-83k▲ 4.4%
Net result€731k-€214k▼ 70.8%€-223k€-117k▲ 47.5%€-119k▼ 1.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €83k in 2025 against €87k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.83M
Fixed assets
€2.38M▲ 0.9%
Current assets
€452k▼ 12.0%
Equity and liabilities €2.83M
Equity
€1.26M▼ 8.6%
Debt
€1.56M▲ 5.3%
The debt ratio rises from 51.8% to 55.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47k▲
2024 · €37k
Cash flow
€11k▲
2024 · €7k
Solvency
44.7%▼
2024 · 48.2%
Current ratio
2.29▼
2024 · 3.69
Quick ratio
2.29▼
2024 · 3.69
Debt / equity
1.24▲
2024 · 1.07
ROE
-9.4%▼
2024 · -8.5%
ROA
-4.2%▼
2024 · -4.1%
Interest coverage
0.99▲
2024 · 0.78
Debt
€1.56M▲
2024 · €1.48M
Debt ≤ 1 year
€198k▲
2024 · €139k
Debt > 1 year
€1.37M▲
2024 · €1.35M
Income taxes
€201▼
2024 · €236
Staff costs
€719▲
2024 · €607
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€2.87M€2.83M▼
Fixed assets21/28€2.35M€2.38M▲
Tangible fixed assets22/27€2.35M€2.37M▲
Land and buildings22€2.30M€2.34M▲
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€2k€772▼
Other tangible fixed assets26€42k€32k▼
Financial fixed assets28€5k€5k=
Current assets29/58€514k€452k▼
Amounts receivable after more than one year29€446k€412k▼
Other amounts receivable291€446k€412k▼
Amounts receivable within one year40/41€63k€37k▼
Trade receivables40€46k€24k▼
Other amounts receivable41€17k€13k▼
Cash at bank and in hand54/58€1k€718▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.87M€2.83M▼
Equity10/15€1.38M€1.26M▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€1.32M€1.20M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€1.31M€1.20M▼
Amounts payable17/49€1.48M€1.56M▲
Amounts payable after more than one year17€1.35M€1.37M▲
Financial debts170/4€1.35M€1.37M▲
Amounts payable within one year42/48€139k€198k▲
Current portion of amounts payable after more than one year42€96k€111k▲
Financial debts43€19k€39k▲
Credit institutions430/8€19k€39k▲
Trade debts44€21k€39k▲
Suppliers440/4€21k€39k▲
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€2k€9k▲
Remuneration and social security454/9€519€519=
Income statement
Code20242025
Non-recurring operating income76A€15k-
Remuneration, social security and pensions62€607€719▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€130k▲
Other operating charges640/8€9k€15k▲
Gross operating margin9900€46k€63k▲
Operating profit (loss)9901€-87k€-83k▲
Financial income75/76B€18k€12k▼
Recurring financial income75€18k€12k▼
Financial charges65/66B€47k€48k▲
Recurring financial charges65€47k€48k▲
Profit (loss) for the period before taxes9903€-117k€-119k▼
Income taxes67/77€236€201▼
Profit (loss) for the period9904€-117k€-119k▼
Profit (loss) for the period to be appropriated9905€-117k€-119k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-117k€-119k▼
Transfer from equity791/2€117k€119k▲
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (16 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 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet €-223k ▼204%
Net result drops to €-223k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €731k ▲1143%
Operating result €819k, net result €731k, both a record.
31-12
Financial
Liquidity times 22current ratio 11.32
Current ratio from 0.52 to 11.32; short-term debt falls from €289k to €106k.
31-12
Financial
Equity above €1MEq €1.51M ▲93.9%
4 profitable years in a row build equity to €1.51M.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 17 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Vorselaar · 1 establishment unit since 1992
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.
Nieuwstraat 362290 VorselaarGround area
1,546 m²
Building footprint
262 m²
Volume, LiDAR
1,254 m³
Parcel 13044G0285/00A000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
P.W. CONSULTING
since 19922.058.754.922
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13044G0285/00A000 | Flanders | 1,546 m² | 1 · 262 m² | 7.9 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 82,554 companies in sector 70200 we hold annual accounts for 52,573. 25,268 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-08-1992
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 · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.