PB53
ActiveSummary
The computed 12-month bankruptcy probability of PB53 is 1.9% (moderate). The 2025 annual accounts show equity of €801k and a net result of €23k. Equity remains stable across the filed fiscal years (±0.5% per year). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+8
Solvency54▲+1
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.37 in 2024; short-term debt: 3.2% and cash: 1.5% of total assets), and 70.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
29.2%
Return on assets
0.8%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
30 d early
2023
26 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€801k▲ 2.9%
2024 · €778k
Total assets
€2.75M▼ 2.1%
2024 · €2.81M
Net result
€23k
2024 · €-14k
Working capital
€-47k▲ 11.4%
2024 · €-53k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€-7k-€88k€93k▲ 5.2%
Net result€-107k-€-14k▲ 86.5%€23k
Equity€793k-€778k▼ 1.8%€801k▲ 2.9%
Total assets€2.90M-€2.81M▼ 3.3%€2.75M▼ 2.1%
Debt€2.11M-€2.03M▼ 3.8%€1.95M▼ 4.1%
Working capital€-22k-€-53k▼ 138%€-47k▲ 11.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.75M
Fixed assets
€2.71M ▼ 2.5%
Current assets
€41k ▲ 32.5%
Equity and liabilities €2.75M
Equity
€801k ▲ 2.9%
Debt
€1.95M ▼ 4.1%
Debt's share of the balance-sheet total falls from 72.3% to 70.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€162k▲
2024 · €158k
Cash flow
€92k▲
2024 · €55k
Current ratio
0.46▲
2024 · 0.37
Debt to equity
2.43▼
2024 · 2.61
ROE
2.9%▲
2024 · -1.9%
ROA
0.8%▲
2024 · -0.5%
Interest coverage
2.32▲
2024 · 1.53
Debt ≤ 1 year
€88k▲
2024 · €84k
Debt > 1 year
€1.83M▼
2024 · €1.92M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €171k | €69k | €69k | = |
| Other operating charges640/8 | €12k | €10k | €11k | ▲ 7.9% |
| Gross operating margin9900 | €176k | €168k | €173k | ▲ 3.2% |
| Operating profit (loss)9901 | €-7k | €88k | €93k | ▲ 5.2% |
| Financial charges65/66B | €101k | €103k | €70k | ▼ 31.8% |
| Recurring financial charges65 | €101k | €103k | €70k | ▼ 31.8% |
| Profit (loss) for the period before taxes9903 | €-107k | €-14k | €23k | ▲ 258% |
| Profit (loss) for the period9904 | €-107k | €-14k | €23k | ▲ 258% |
| Profit (loss) for the period to be appropriated9905 | €-107k | €-14k | €23k | ▲ 258% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.90M | €2.81M | €2.75M | ▼ 2.1% |
| Fixed assets21/28 | €2.84M | €2.78M | €2.71M | ▼ 2.5% |
| Tangible fixed assets22/27 | €2.84M | €2.78M | €2.71M | ▼ 2.5% |
| Land and buildings22 | €2.65M | €2.60M | €2.54M | ▼ 2.3% |
| Other tangible fixed assets26 | €190k | €180k | €170k | ▼ 5.6% |
| Current assets29/58 | €56k | €31k | €41k | ▲ 32.5% |
| Amounts receivable within one year40/41 | €11k | - | - | - |
| Trade receivables40 | €11k | - | - | - |
| Cash at bank and in hand54/58 | €46k | €31k | €41k | ▲ 32.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.90M | €2.81M | €2.75M | ▼ 2.1% |
| Equity10/15 | €793k | €778k | €801k | ▲ 2.9% |
| Contributions10/11 | €900k | €900k | €900k | = |
| Capital10 | €900k | €900k | €900k | = |
| Issued capital100 | €900k | €900k | €900k | = |
| Profit (loss) carried forward14 | €-107k | €-122k | €-99k | ▲ 18.8% |
| Amounts payable17/49 | €2.11M | €2.03M | €1.95M | ▼ 4.1% |
| Amounts payable after more than one year17 | €2.00M | €1.92M | €1.83M | ▼ 4.5% |
| Financial debts170/4 | €2.00M | €1.92M | €1.83M | ▼ 4.5% |
| Amounts payable within one year42/48 | €78k | €84k | €88k | ▲ 4.7% |
| Current portion of amounts payable after more than one year42 | €67k | €83k | €86k | ▲ 3.6% |
| Trade debts44 | €11k | €508 | €1k | ▲ 182% |
| Suppliers440/4 | €11k | €508 | €1k | ▲ 182% |
| Accrued charges and deferred income492/3 | €28k | €28k | €28k | ▼ 0.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-107k | €-14k | €23k | ▲ 258% |
| + Depreciation and write-downs630 | €171k | €69k | €69k | = |
| Operating cash flow (approximation) | €64k | €55k | €92k | ▲ 68.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €-15k | €10k | ▲ 167% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Edegem · 1 establishment unit since 2022
Ground area
2,763 m²
Building footprint
572 m²
Volume, LiDAR
3,760 m³
Parcel 11472C0241/00G000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
PB53
since 20222.364.903.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0241/00G000 | Flanders | 2,762 m² | 1 · 572 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded17-11-2022
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.