PB MANAGEMENT
ActiveSummary
PB MANAGEMENT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.39M and a net result of €657k. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+13
Solvency90▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 4.49 against 1.31 in 2024; short-term debt: 9.7% and cash: 15.3% of total assets), and 34.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
65.3%
Return on assets
30.9%
Age of the figures
12 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2022
26 d late
2021
1 d early
2020
on the day
2019
26 d late
2017
352 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€657k▲ 154%
2024 · €258k
2019: €67k
2020: €111k▲ +65.6% vs 2019
2021: €12k▼ -89.5% vs 2020
2022: €-67k▼ -670% vs 2021lowest value
2024: €258k
2025: €657k▲ +154% vs 2024highest value
2019 → 2025
Working capital
€718k▲ 503%
2024 · €119k
2019: €197k
2020: €218k▲ +10.3% vs 2019
2021: €104k▼ -52.1% vs 2020
2022: €42k▼ -59.8% vs 2021lowest value
2024: €119k
2025: €718k▲ +503% vs 2024highest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€262k-€274k▲ 4.5%€207k▼ 24.5%€842k▲ 308%€1.39M▲ 64.9%
2020: €262k
2021: €274k▲ +4.5% vs 2020
2022: €207k▼ -24.5% vs 2021lowest value
2024: €842k
2025: €1.39M▲ +64.9% vs 2024highest value
Operating result€193k-€42k▼ 78.0%€-32k€387k€944k▲ 144%
2020: €193k
2021: €42k▼ -78.0% vs 2020
2022: €-32k▼ -176% vs 2021lowest value
2024: €387k
2025: €944k▲ +144% vs 2024highest value
Net result€111k-€12k▼ 89.5%€-67k€258k€657k▲ 154%
2020: €111k
2021: €12k▼ -89.5% vs 2020
2022: €-67k▼ -670% vs 2021lowest value
2024: €258k
2025: €657k▲ +154% vs 2024highest value
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 144% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.13M
Fixed assets
€1.20M ▼ 3.5%
Current assets
€923k ▲ 81.9%
Equity and liabilities €2.13M
Equity
€1.39M ▲ 64.9%
Provisions
€383k ▲ 266%
Debt
€356k ▼ 56.0%
Debt's share of the balance-sheet total falls from 46.1% to 16.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.00M▲
2024 · €492k
Cash flow
€715k▲
2024 · €363k
Current ratio
4.49▲
2024 · 1.31
Debt to equity
0.26▼
2024 · 0.96
ROE
47.3%▲
2024 · 30.7%
ROA
30.9%▲
2024 · 14.7%
Interest coverage
120.45▲
2024 · 52.85
Debt ≤ 1 year
€206k▼
2024 · €388k
Debt > 1 year
€146k▼
2024 · €414k
Income taxes
€6k▼
2024 · €124k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.76M€2.13M▲
Fixed assets21/28€1.25M€1.20M▼
Tangible fixed assets22/27€1.10M€1.05M▼
Land and buildings22€1.01M€887k▼
Plant, machinery and equipment23€2k€85k▲
Furniture and vehicles24€87k€81k▼
Financial fixed assets28€151k€151k=
Current assets29/58€507k€923k▲
Amounts receivable after more than one year29€110k€110k=
Other amounts receivable291€110k€110k=
Amounts receivable within one year40/41€382k€421k▲
Trade receivables40€24k€17k▼
Other amounts receivable41€358k€404k▲
Cash at bank and in hand54/58€15k€326k▲
Deferred charges and accrued income490/1€652€66k▲
Equity and liabilities
Total equity and liabilities10/49€1.76M€2.13M▲
Equity10/15€842k€1.39M▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€824k€1.55M▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€224k€1.06M▲
Distributable reserves133€598k€488k▼
Profit (loss) carried forward14€13k€-166k▼
Provisions and deferred taxes16€105k€383k▲
Provisions for liabilities and charges160/5€30k€30k=
Pensions and similar obligations160€30k€30k=
Deferred taxes168€75k€353k▲
Amounts payable17/49€809k€356k▼
Amounts payable after more than one year17€414k€146k▼
Financial debts170/4€406k€139k▼
Other amounts payable178/9€8k€8k=
Amounts payable within one year42/48€388k€206k▼
Current portion of amounts payable after more than one year42€60k€5k▼
Trade debts44€29k€7k▼
Suppliers440/4€29k€7k▼
Taxes, remuneration and social security45€148k€10k▼
Taxes450/3€148k€10k▼
Other amounts payable47/48€150k€183k▲
Accrued charges and deferred income492/3€7k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€58k▼
Other operating charges640/8€10k€4k▼
Non-recurring operating charges66A€252€204▼
Gross operating margin9900€502k€1.01M▲
Operating profit (loss)9901€387k€944k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€382k€941k▲
Transfer from deferred taxes780-€32
Transfer to deferred taxes680-€278k
Income taxes67/77€124k€6k▼
Profit (loss) for the period9904€258k€657k▲
Transfer from tax-exempt reserves789-€95
Transfer to tax-exempt reserves689-€835k
Profit (loss) for the period to be appropriated9905€258k€-178k▼
Appropriation of the result
Profit (loss) to be appropriated9906€271k€-166k▼
Profit (loss) brought forward from the previous period14P€13k€13k=
Transfer from equity791/2€65k€110k▲
Transfer to equity691/2€258k-
To other reserves6921€258k-
Profit to be distributed694/7€65k€110k▲
Return on contributions (dividend)694€65k€110k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70k | €72k | €79k | €104k | €58k | ▼ 44.3% |
| Other operating charges640/8 | - | €2k | €29k | €10k | €4k | ▼ 60.0% |
| Non-recurring operating charges66A | - | - | €540 | €252 | €204 | ▼ 19.0% |
| Gross operating margin9900 | €273k | €116k | €77k | €502k | €1.01M | ▲ 101% |
| Operating profit (loss)9901 | €193k | €42k | €-32k | €387k | €944k | ▲ 144% |
| Financial income75/76B | - | €0 | - | €4k | €5k | ▲ 18.4% |
| Recurring financial income75 | €3k | €0 | - | €4k | €5k | ▲ 18.4% |
| Financial charges65/66B | - | €25k | €34k | €9k | €8k | ▼ 10.5% |
| Recurring financial charges65 | €32k | €25k | €34k | €9k | €8k | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | €163k | €17k | €-67k | €382k | €941k | ▲ 146% |
| Transfer from deferred taxes780 | - | - | - | - | €32 | - |
| Transfer to deferred taxes680 | - | - | - | - | €278k | - |
| Income taxes67/77 | €52k | €6k | €319 | €124k | €6k | ▼ 95.5% |
| Profit (loss) for the period9904 | €111k | €12k | €-67k | €258k | €657k | ▲ 154% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €95 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €835k | - |
| Profit (loss) for the period to be appropriated9905 | €111k | €12k | €-67k | €258k | €-178k | ▼ 169% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.75M | €1.57M | €1.49M | €1.76M | €2.13M | ▲ 21.2% |
| Fixed assets21/28 | €1.25M | €1.26M | €1.32M | €1.25M | €1.20M | ▼ 3.5% |
| Tangible fixed assets22/27 | €1.09M | €1.10M | €1.17M | €1.10M | €1.05M | ▼ 4.0% |
| Land and buildings22 | - | €1.02M | €1.10M | €1.01M | €887k | ▼ 12.0% |
| Plant, machinery and equipment23 | - | €999 | €699 | €2k | €85k | ▲ 3,306% |
| Furniture and vehicles24 | - | €77k | €62k | €87k | €81k | ▼ 6.0% |
| Financial fixed assets28 | €155k | €155k | €155k | €151k | €151k | = |
| Current assets29/58 | €506k | €313k | €170k | €507k | €923k | ▲ 81.9% |
| Amounts receivable after more than one year29 | - | - | - | €110k | €110k | = |
| Other amounts receivable291 | - | - | - | €110k | €110k | = |
| Amounts receivable within one year40/41 | €124k | €93k | €90k | €382k | €421k | ▲ 10.2% |
| Trade receivables40 | - | €45k | €32k | €24k | €17k | ▼ 28.0% |
| Other amounts receivable41 | - | €48k | €57k | €358k | €404k | ▲ 12.7% |
| Cash at bank and in hand54/58 | €380k | €220k | €80k | €15k | €326k | ▲ 2,120% |
| Deferred charges and accrued income490/1 | - | - | €437 | €652 | €66k | ▲ 10,013% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.75M | €1.57M | €1.49M | €1.76M | €2.13M | ▲ 21.2% |
| Equity10/15 | €262k | €274k | €207k | €842k | €1.39M | ▲ 64.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | €6k | €6k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €177k | €188k | €188k | €824k | €1.55M | ▲ 88.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | - | - | €224k | €1.06M | ▲ 373% |
| Distributable reserves133 | - | €186k | €186k | €598k | €488k | ▼ 18.4% |
| Profit (loss) carried forward14 | €79k | €79k | €13k | €13k | €-166k | ▼ 1,419% |
| Provisions and deferred taxes16 | €30k | €30k | €30k | €105k | €383k | ▲ 266% |
| Provisions for liabilities and charges160/5 | - | €30k | €30k | €30k | €30k | = |
| Pensions and similar obligations160 | - | - | - | €30k | €30k | = |
| Other liabilities and charges164/5 | - | €30k | €30k | - | - | - |
| Deferred taxes168 | - | - | - | €75k | €353k | ▲ 373% |
| Amounts payable17/49 | €1.46M | €1.27M | €1.25M | €809k | €356k | ▼ 56.0% |
| Amounts payable after more than one year17 | €1.17M | €1.06M | €1.13M | €414k | €146k | ▼ 64.7% |
| Financial debts170/4 | - | €1.06M | €1.13M | €406k | €139k | ▼ 65.9% |
| Other amounts payable178/9 | - | - | - | €8k | €8k | = |
| Amounts payable within one year42/48 | €288k | €208k | €128k | €388k | €206k | ▼ 47.1% |
| Current portion of amounts payable after more than one year42 | - | €157k | €99k | €60k | €5k | ▼ 91.3% |
| Trade debts44 | €6k | €8k | €12k | €29k | €7k | ▼ 74.7% |
| Suppliers440/4 | - | €8k | €12k | €29k | €7k | ▼ 74.7% |
| Taxes, remuneration and social security45 | - | €16k | €11k | €148k | €10k | ▼ 93.2% |
| Taxes450/3 | - | €16k | €11k | €148k | €10k | ▼ 93.2% |
| Other amounts payable47/48 | - | €28k | €6k | €150k | €183k | ▲ 21.8% |
| Accrued charges and deferred income492/3 | - | - | - | €7k | €4k | ▼ 42.1% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111k | €12k | €-67k | €258k | €657k | ▲ 154% |
| + Depreciation and write-downs630 | €70k | €72k | €79k | €104k | €58k | ▼ 44.3% |
| Operating cash flow (approximation) | €182k | €84k | €12k | €363k | €715k | ▲ 97.2% |
| Investment in fixed assets (approximation) | - | €-80k | €-143k | - | €-14k | - |
| Change in cash | - | €-161k | €-140k | - | €312k | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Highest result since 2019net €657k ▲154%
Operating result €944k, net result €657k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 4.49
Current ratio from 1.31 to 4.49; short-term debt falls from €388k to €206k.
30-09
Financial
Equity above €1MEq €1.39M ▲64.9%
2 profitable years in a row build equity to €1.39M.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Back to profitnet €258k
Net result €258k after one loss-making year.
30-09
Financial
Equity above €500kEq €842k ▲308%
Equity rises from €207k to €842k.
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
30-09
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Show earlier events
2019
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 352 days late
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
2016
13-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Braine-l'Alleud · 1 establishment unit since 2005
Ground area
5,014 m²
Building footprint
135 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
PB MANAGEMENT
since 20052.146.824.685
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015E0057/00L000 | Wallonia | 4,758 m² | 1 · 135 m² | - |
| 25014N0054/00C000 | Wallonia | 255 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
64883US4CRL2Z22T8815
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,511. 1,318 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
Founded22-03-2005
Fiscal year end30-09
Activities, NACEBEL 2025
82100Office administrative and support services
68121Development of residential building projects
68122Development of non-residential building projects
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.