PBL-X
PBL-X has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49k and a net result of €142k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 18% of 3199 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €49k |
| Net result | €142k |
| Staff (FTE) | 3.3 |
| Better than sector | 18% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.1% | 44.7% | |
| Net result | €142k | €98k | |
| Equity | €49k | €278k | |
| Gross operating margin | €361k | €330k | |
| Staff costs | €215k | €276k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €145k | €129k | €167k | €-69k | €371k |
| Net profit | €142k | €124k | €164k | €-71k | €350k |
| Cash flow | €144k | €125k | €164k | €-70k | €367k |
| Staff costs | €215k | €205k | €147k | €186k | €192k |
| Income taxes | - | - | €0 | €-32 | €2k |
| Dividends | - | - | - | - | - |
| Total assets | €536k | €496k | €684k | €589k | €489k |
| Equity | €49k | €48k | €49k | €-21k | €50k |
| Debt | €487k | €447k | €635k | €610k | €439k |
| of which ≤ 1y | €486k | €445k | €635k | €610k | €439k |
| of which > 1y | - | - | - | - | - |
| Working capital | €38k | €42k | €39k | €-21k | €49k |
| Employees (FTE) | 3.3 | 3.2 | 2.5 | 3.4 | 3.8 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.08 | 1.09 | 1.06 | 0.97 | 1.11 |
| Quick ratio | 1.08 | 1.09 | 1.06 | 0.97 | 1.11 |
| Working capital ratio | 7.1% | 8.4% | 5.7% | -3.5% | 10.1% |
| Solvency | 9.1% | 9.7% | 7.2% | -3.5% | 10.3% |
| Debt / equity | 10.01 | 9.28 | 12.89 | -29.49 | 8.75 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 89.35 | 31.16 | 60.40 | -45.08 | 159.50 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 26.6% | 25.0% | 23.9% | -12.0% | 71.5% |
| ROE | 292.8% | 257.1% | 332.3% | 342.4% | 697.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €536k | €496k | €684k | €589k | €489k |
| Fixed assets | 21/28 | €12k | €9k | €10k | €0 | €726 |
| Tangible fixed assets | 22/27 | €12k | €9k | €10k | €0 | €726 |
| Current assets | 29/58 | €524k | €486k | €674k | €589k | €488k |
| Amounts receivable within one year | 40/41 | €212k | €286k | €204k | €254k | €361k |
| Cash & bank | 54/58 | €294k | €184k | €455k | €323k | €117k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €536k | €496k | €684k | €589k | €489k |
| Equity | 10/15 | €49k | €48k | €49k | €-21k | €50k |
| Contributions / capital | 10/11 | €8k | €8k | €8k | €8k | €8k |
| Reserves | 13 | €41k | €41k | €42k | €42k | €42k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €-70k | €868 |
| Amounts payable | 17/49 | €487k | €447k | €635k | €610k | €439k |
| Amounts payable within one year | 42/48 | €486k | €445k | €635k | €610k | €439k |
| Trade debts payable within one year | 44 | €174k | €105k | €153k | €418k | €19k |
| Income statement | ||||||
| Gross operating margin | 9900 | €361k | €336k | €314k | €118k | €564k |
| Operating result | 9901 | €144k | €128k | €166k | €-69k | €354k |
| Financial income | 75 | €68 | - | €0 | €60 | €4 |
| Financial charges | 65 | €2k | €4k | €3k | €2k | €2k |
| Result before taxes | 9903 | €142k | €124k | €164k | €-71k | €351k |
| Income taxes | 67/77 | - | - | €0 | €-32 | €2k |
| Net result for the period | 9904 | €142k | €124k | €164k | €-71k | €350k |
| Result to be appropriated | 9905 | €142k | €124k | €164k | €-71k | €350k |
-
JOHOCOPrivate limited companyDirector· perm. rep.: Joost HOSTEState Gazette act 23166707 (28-12-2023)Current01-01-2024 → present
-
Valerie DEBOUVERDirectorState Gazette act 23166707 (28-12-2023)Current01-07-2023 → present
-
CAES-LAWLegal entityDirector· perm. rep.: Marie-Ann CAESTECKERState Gazette act 23166707 (28-12-2023)Current01-04-2023 → present
Former directors (1)
-
PHILIP VAN DEN BERGHELegal entityDirector· perm. rep.: Philip VAN DEN BERGHEState Gazette act 23166707 (28-12-2023)Former- → 31-03-2023
| NACE primary | Activities of lawyers(69101) |
| Legal form | Private limited company(610) |
| Incorporation | 28-03-2003 |
| Status | Active |
| Postal code | 8000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808M0473/00C005 | Flanders | 4,724 m² | 1 · 2,350 m² | 15.1 m · 3 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
02-04-2024 4 directors appointed
- Eveline CHRISTIAENS, Gedelegateerd bestuurder
- Camille DUYSBURGH, Gedelegateerd bestuurder
- Wouter QUAGHEBEUR, Gedelegateerd bestuurder
- Laure CORRYN, Gedelegateerd bestuurder
Technical details
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}28-12-2023 3 directors appointed, 1 resigning
- Marie-Ann CAESTECKER, Bestuurder
- Valerie DEBOUVER, Bestuurder
- Joost HOSTE, Bestuurder
- Philip VAN DEN BERGHE, Bestuurder
Technical details
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}| Legal nameNL | PBL-X |