PBL-X

Active

Private limited companyfounded 2003active for 23 yearsGerard Davidstraat 46, 8000 Brugge, Belgium10 active companies are registered at this addressKBO/BCE: BE 0479.874.044

Summary

PBL-X has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,648 and a net result of €142,438. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 18% of 4,103 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

PBL-XActiveChecked score 93/100

Risk analysis Report Compare

Activity

Activities of lawyers

NACE 69101

1 site

Size

€535,503total assets 2025

Staff: 3.3 FTE
Equity: €48,648
Profit: €142,438

Turnover not published (abbreviated format)

Financial health

93 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Largest shareholder: JOHOCO · 16.58%
Board: 5 members

2025 accounts 1 day early1 of 3 deeds summarised

Why 93raises riskEquity €48,648 (9.1% of total assets)lowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 1.08, cash €294,026Figures for financial year 2025 (filed 30-07-2026)Show the evidence

Checked score

Score 2025

93 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 41% of its sector peers (NACE 69, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 34-1

equity 9.1% of total assets

Liquidity 50+3

short-term debt 90.7% · cash 54.9%

Profitability 100=

return on assets 26.6%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (20,056 companies, NACE 69, micro)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €4,500 on 30-day terms is acceptable

Liquidity tight (current ratio 1.08, compared with 1.09 in 2024, below the usual 1.5; short-term debt: 90.7% and cash: 54.9% of total assets), and 90.9% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro): better than 14% on solvency, 28% on liquidity, 82% on profitability and 40% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Sector: Legal and accounting activities (NACE 69)

KBO

Liquidity: current ratio 1.08, cash €294,026

NBB · annual accounts

Equity €48,648 (9.1% of total assets)

NBB · annual accounts

Figures for financial year 2025 (filed 30-07-2026)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4103 sector peers (2025).

NBB · sector comparison

Position among 4103 sector peers

Solvency

better than 18%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 day early

2024

1 day early

2023

5 days early

2022

28 days early

2021

6 days early

2020

5 days early

2019

3 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-07-2026 Annual accounts filedfinancial year 2025 · abbreviated…
30-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…
26-07-2024 Annual accounts filedfinancial year 2023 · abbreviated…

Key points

Caution: Among the weakest 19% on solvencysector median 44.3% · 4,103 companies 9.1% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Flemish supportawarded from 2022 to 2025 €53,125 View

By topic

Financials

Financial year: 2025
Total assets: €535,503
Profit: €142,438
Solvency: 9.1%

Total assets▲ 8.1%

Net result

20182025

Go to Financials

Board & ownership

Board: 5 members
Largest shareholder: JOHOCO · 16.58%

BART STAELENSDirector
CAES-LAWDirector
DEBOUVER Valerie Cecile GermaineDirector
JOHOCODirector
VROMBAUT ALEX E.M.Director

Go to Board & ownership

Network & group

Connected companies: 1

Go to Network & group

Timeline

Events: 26
Since: 2005
Next accounts: by 31-07-2027

02-04-2024Resignations: BART STAELENS, VROMBAUT ALEX E.M. and…
31-12-2023Back to profit
03-07-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Activities of lawyersNACE 69101
Founded: 28-03-2003
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 19

Annual meeting: First Saturday of June at 10:00
Purpose: “Het bevorderen van de uitoefening van het beroep van advocaat in het algemeen, alsmede van…” (deed in Dutch)

Go to Articles of association

Key facts about PBL-X

What is the company number of PBL-X?: 0479.874.044. In Belgium the VAT number is the company number with BE in front: BE 0479.874.044.
Where is PBL-X based?: The registered office is at Gerard Davidstraat 46, 8000 Brugge.Company details
What does PBL-X do?: According to the KBO register, the main activity is activities of lawyers (NACE 69101).
What is the legal form of PBL-X?: Private limited company (BV).
When was PBL-X founded?: On 28-03-2003.
Is PBL-X still active?: Yes, PBL-X is an active enterprise in the KBO register.
How many employees does PBL-X have?: On average 3.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PBL-X?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is PBL-X profitable?: In financial year 2025, PBL-X made a profit of €142,438.
Where can I find the annual accounts of PBL-X?: PBL-X filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PBL-X due?: By 31-07-2027, for financial year 2026.Timeline