PASSION FOR MANAGEMENT
ActivePASSION FOR MANAGEMENT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €9k. Equity is growing by ~36.2% per year across the filed fiscal years. Its solvency ranks better than 38% of 31544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-15
Solvency66▼-7
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.8 against 1.73 in 2024; short-term debt: 58.8% and cash: 7.6% of total assets), and 58.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
41.2%
Return on assets
9.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-03-2026, 126 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
126 d early
2024
79 d early
2023
63 d early
2022
27 d early
← 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, micro schema
Equity
€41k▲ 29.2%
2024 · €32k
2022: €16k
2023: €18k
2024: €32k
2022 → 2025
Total assets
€101k▲ 49.7%
2024 · €67k
2022: €43k
2023: €59k
2024: €67k
2022 → 2025
Net result
€9k▼ 35.1%
2024 · €14k
2022: €13k
2023: €2k
2024: €14k
2022 → 2025
Working capital
€-12k
2024 · €25k
2022: €5k
2023: €7k
2024: €25k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€16k-€18k▲ 12.9%€32k▲ 82.0%€41k▲ 29.2%
Operating result€20k-€7k▼ 62.8%€26k▲ 254%€33k▲ 28.5%
Net result€13k-€2k▼ 84.6%€14k▲ 616%€9k▼ 35.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€53k▲ 579%
Current assets
€47k▼ 20.5%
Equity and liabilities €101k
Equity
€41k▲ 29.2%
Debt
€59k▲ 68.4%
The debt ratio rises from 52.3% to 58.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▲
2024 · €27k
Cash flow
€18k▲
2024 · €16k
Solvency
41.2%▼
2024 · 47.7%
Current ratio
0.80▼
2024 · 1.73
Quick ratio
0.80▼
2024 · 1.73
Debt / equity
1.43▲
2024 · 1.09
ROE
22.6%▼
2024 · 45.0%
ROA
9.3%▼
2024 · 21.5%
Interest coverage
4.75▼
2024 · 4.78
Debt
€59k▲
2024 · €35k
Debt ≤ 1 year
€59k▲
2024 · €34k
Debt > 1 year
€0▼
2024 · €769
Income taxes
€15k▲
2024 · €7k
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€67k€101k▲
Fixed assets21/28€8k€53k▲
Tangible fixed assets22/27€4k€53k▲
Land and buildings22€3k€2k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€1k€47k▲
Financial fixed assets28€4k€0▼
Current assets29/58€59k€47k▼
Amounts receivable within one year40/41€57k€36k▼
Trade receivables40€30k€36k▲
Other amounts receivable41€27k€0▼
Cash at bank and in hand54/58€216€8k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€67k€101k▲
Equity10/15€32k€41k▲
Contributions10/11€3k€3k=
Reserves13€30k€39k▲
Distributable reserves133€30k€39k▲
Amounts payable17/49€35k€59k▲
Amounts payable after more than one year17€769€0▼
Financial debts170/4€769€0▼
Amounts payable within one year42/48€34k€59k▲
Current portion of amounts payable after more than one year42€9k€0▼
Financial debts43€0€20▲
Credit institutions430/8€0€20▲
Trade debts44€5k€9k▲
Suppliers440/4€5k€9k▲
Taxes, remuneration and social security45€20k€27k▲
Taxes450/3€20k€24k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48-€23k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€9k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€2k€18k▲
Gross operating margin9900€31k€62k▲
Operating profit (loss)9901€26k€33k▲
Financial income75/76B€1k€18▼
Recurring financial income75€1k€18▼
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€21k€24k▲
Income taxes67/77€7k€15k▲
Profit (loss) for the period9904€14k€9k▼
Profit (loss) for the period to be appropriated9905€14k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€9k▼
Transfer to equity691/2€14k€9k▼
To other reserves6921€14k€9k▼
The notes to these accounts (11 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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €14k ▲616%
Net result €14k, the highest in the series.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼84.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zele · 1 establishment unit since 2021
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.
Bookhamersstraat 1979240 ZeleGround area
538 m²
Building footprint
125 m²
Volume, LiDAR
281 m³
Parcel 42403D0788/00A002, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PASSION FOR MANAGEMENT
since 20212.319.741.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42403D0788/00A002 | Flanders | 538 m² | 1 · 125 m² | 5.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 81 EUR awarded · 81 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 81 EUR | 81 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
AG Consultancy
BE 0848.611.032
Pelt · Eq €41k
HBEConsulting
BE 0787.599.319
Watermaal-Bosvoorde · Eq €41k
EPB
BE 0772.510.176
Etterbeek · Eq €41k
WUYTS GEERT
BE 1005.036.794
Rijkevorsel · Eq €41k
DL Consultance
BE 0545.758.127
Beloeil · Eq €41k
Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 36,973 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-06-2021
Fiscal year end31-12
Abbreviation NL
PFM
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.