PB EQUESTRIAN
ActivePB EQUESTRIAN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.20M and a net result of €11k. Equity is growing by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 878 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-14
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 13.26 against 17.71 in 2024), and 2.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
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
97.1%
Return on assets
0.3%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 05-01-2026, 5 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 · 10 filingsDeviation from the deadline
2025
5 d late
2024
on the day
2023
13 d early
2022
31 d early
2021
31 d early
2020
5 d late
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close13-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.20M▲ 0.3%
2024 · €3.19M
2019: €462k
2021: €432k
2022: €369k
2023: €3.09M
2024: €3.19M
2019 → 2025
Total assets
€3.30M▲ 1.3%
2024 · €3.25M
2019: €544k
2021: €799k
2022: €746k
2023: €3.43M
2024: €3.25M
2019 → 2025
Net result
€11k▼ 89.5%
2024 · €103k
2019: €-25k
2021: €-52k
2022: €-63k
2023: €2.98M
2024: €103k
2019 → 2025
Working capital
€1.18M▲ 12.2%
2024 · €1.05M
2019: €78k
2021: €-156k
2022: €-204k
2023: €1.27M
2024: €1.05M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€432k-€369k▼ 14.6%€3.09M▲ 737%€3.19M▲ 3.3%€3.20M▲ 0.3%
Operating result€-41k-€-58k▼ 39.8%€103k€-61k€50k
Net result€-52k-€-63k▼ 20.3%€2.98M€103k▼ 96.5%€11k▼ 89.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €50k after a loss of €61k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.30M
Fixed assets
€2.02M▼ 5.5%
Current assets
€1.28M▲ 14.5%
Equity and liabilities €3.30M
Equity
€3.20M▲ 0.3%
Debt
€96k▲ 51.9%
The debt ratio rises from 1.9% to 2.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€162k▲
2024 · €62k
Cash flow
€123k▼
2024 · €226k
Solvency
97.1%▼
2024 · 98.1%
Current ratio
13.26▼
2024 · 17.71
Quick ratio
13.26▼
2024 · 17.71
Debt / equity
0.03▲
2024 · 0.02
ROE
0.3%▼
2024 · 3.2%
ROA
0.3%▼
2024 · 3.2%
Interest coverage
3.20▼
2024 · 14.77
Debt
€96k▲
2024 · €63k
Debt ≤ 1 year
€96k▲
2024 · €63k
Income taxes
€8k▼
2024 · €11k
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€3.25M€3.30M▲
Fixed assets21/28€2.14M€2.02M▼
Tangible fixed assets22/27€689k€570k▼
Land and buildings22€383k€355k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€302k€212k▼
Financial fixed assets28€1.45M€1.45M=
Current assets29/58€1.12M€1.28M▲
Amounts receivable after more than one year29€350k€300k▼
Other amounts receivable291€350k€300k▼
Amounts receivable within one year40/41€34k€139k▲
Trade receivables40€34k€74k▲
Other amounts receivable41€729€65k▲
Current investments50/53€625k€694k▲
Cash at bank and in hand54/58€50k€106k▲
Deferred charges and accrued income490/1€57k€38k▼
Equity and liabilities
Total equity and liabilities10/49€3.25M€3.30M▲
Equity10/15€3.19M€3.20M▲
Contributions10/11€52k€52k=
Reserves13€3.08M€3.08M=
Distributable reserves133€3.08M€3.08M=
Profit (loss) carried forward14€62k€73k▲
Amounts payable17/49€63k€96k▲
Amounts payable within one year42/48€63k€96k▲
Trade debts44€43k€31k▼
Suppliers440/4€43k€31k▼
Advances received on contracts in progress46-€48k
Taxes, remuneration and social security45€20k€18k▼
Taxes450/3€18k€17k▼
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€18€0▼
Accrued charges and deferred income492/3€428€0▼
Income statement
Code20242025
Non-recurring operating income76A€1k€50k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€112k▼
Other operating charges640/8€27k€4k▼
Gross operating margin9900€88k€166k▲
Operating profit (loss)9901€-61k€50k▲
Financial income75/76B€182k€24k▼
Recurring financial income75€182k€24k▼
Financial charges65/66B€7k€55k▲
Recurring financial charges65€4k€51k▲
Non-recurring financial charges66B€3k€4k▲
Profit (loss) for the period before taxes9903€114k€19k▼
Income taxes67/77€11k€8k▼
Profit (loss) for the period9904€103k€11k▼
Profit (loss) for the period to be appropriated9905€103k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€162k€73k▼
Profit (loss) brought forward from the previous period14P€59k€62k▲
Transfer to equity691/2€100k€0▼
To other reserves6921€100k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (12 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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-05
Financial
Liquidity quadruplescurrent ratio 17.71
Current ratio from 4.75 to 17.71; short-term debt falls from €338k to €63k.
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-05
Financial
Back to profitnet €2.98M
Net result €2.98M after 3 loss-making years.
31-05
Financial
Liquidity times 16current ratio 4.75
Current ratio from 0.30 to 4.75.
31-05
Financial
Equity above €2MEq €3.09M ▲737%
Equity rises from €369k to €3.09M.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-05
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
05-12
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
2 directors, no change since 2023
Bollen Thibaut
CurrentWerkend vennoot · since 01-10-2023
BOLLEN Peter
CurrentNon-statutory director · since 18-01-2023
01-10-2023
Bollen Thibaut: Appointed as Werkend vennoot
18-01-2023
BOLLEN Peter: Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 1995
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.
Driesstraat(HOM) 142811 MechelenGround area
1,266 m²
Building footprint
312 m²
Volume, LiDAR
1,581 m³
Parcel 12016B0393/00E000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Driesstraat(HOM) 14, 2811 Mechelen
since 19952.067.960.816
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12016B0393/00E000 | Flanders | 1,266 m² | 1 · 312 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,635 EUR awarded · 1,635 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,635 EUR | 1,635 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.067.960.816
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Of 3,868 companies in sector 93199 we hold annual accounts for 602. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-1994
Fiscal year end31-05
Activities, NACEBEL
92623
93199Other sports activities
47639Retail sale of other sporting goods
47640Retail trade
52482
Sources
Crossroads Bank for EnterprisesNational Bank · 31 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.