PBO
ActiveSummary
PBO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €28k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+13
Solvency29▲+18
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
3.7%
Return on assets
16.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
18 d late
2024
27 d late
2023
30 d late
2022
28 d late
2021
22 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 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
€6k
2024 · €-22k
2021: €-10k
2022: €-27k▼ -161% vs 2021
2023: €-31k▼ -14.2% vs 2022lowest in 5 years
2024: €-22k▲ +29.7% vs 2023
2025: €6k▲ +129% vs 2024highest in 5 years
2021 → 2025
Total assets
€171k▲ 9.0%
2024 · €157k
2021: €200khighest in 5 years
2022: €179k▼ -10.5% vs 2021
2023: €169k▼ -5.7% vs 2022
2024: €157k▼ -7.1% vs 2023lowest in 5 years
2025: €171k▲ +9.0% vs 2024
2021 → 2025
Net result
€28k▲ 206%
2024 · €9k
2021: €-15k
2022: €-17k▼ -8.5% vs 2021lowest in 5 years
2023: €-4k▲ +77.0% vs 2022
2024: €9k▲ +339% vs 2023
2025: €28k▲ +206% vs 2024highest in 5 years
2021 → 2025
Working capital
€-1k▲ 95.8%
2024 · €-31k
2021: €-28k
2022: €-41k▼ -50.1% vs 2021
2023: €-43k▼ -3.1% vs 2022lowest in 5 years
2024: €-31k▲ +26.7% vs 2023
2025: €-1k▲ +95.8% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-10k-€-27k▼ 161%€-31k▼ 14.2%€-22k▲ 29.7%€6k
2021: €-10k
2022: €-27k▼ -161% vs 2021
2023: €-31k▼ -14.2% vs 2022lowest in 5 years
2024: €-22k▲ +29.7% vs 2023
2025: €6k▲ +129% vs 2024highest in 5 years
Operating result€-6k-€-10k▼ 76.6%€3k€20k▲ 668%€46k▲ 129%
2021: €-6k
2022: €-10k▼ -76.6% vs 2021lowest in 5 years
2023: €3k▲ +125% vs 2022
2024: €20k▲ +668% vs 2023
2025: €46k▲ +129% vs 2024highest in 5 years
Net result€-15k-€-17k▼ 8.5%€-4k▲ 77.0%€9k€28k▲ 206%
2021: €-15k
2022: €-17k▼ -8.5% vs 2021lowest in 5 years
2023: €-4k▲ +77.0% vs 2022
2024: €9k▲ +339% vs 2023
2025: €28k▲ +206% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 129% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171k
Fixed assets
€125k ▼ 10.8%
Current assets
€46k ▲ 176%
Equity and liabilities €171k
Equity
€6k
Debt
€164k
Debt finances 96.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€61k▲
2024 · €35k
Cash flow
€43k▲
2024 · €24k
Current ratio
0.97▲
2024 · 0.35
Debt to equity
26.06▲
2024 · -8.27
ROE
441.4%
ROA
16.3%▲
2024 · 5.8%
Interest coverage
22.58▲
2024 · 12.99
Debt ≤ 1 year
€47k▼
2024 · €48k
Debt > 1 year
€117k▼
2024 · €130k
Income taxes
€15k▲
2024 · €8k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€157k€171k▲
Fixed assets21/28€140k€125k▼
Tangible fixed assets22/27€140k€125k▼
Land and buildings22€140k€125k▼
Current assets29/58€17k€46k▲
Amounts receivable within one year40/41€255-
Other amounts receivable41€255-
Cash at bank and in hand54/58€16k€46k▲
Deferred charges and accrued income490/1€26€82▲
Equity and liabilities
Total equity and liabilities10/49€157k€171k▲
Equity10/15€-22k€6k▲
Contributions10/11€5k€5k=
Reserves13€9k€37k▲
Distributable reserves133€9k€37k▲
Profit (loss) carried forward14€-36k€-36k=
Amounts payable17/49€178k€164k▼
Amounts payable after more than one year17€130k€117k▼
Financial debts170/4€130k€117k▼
Amounts payable within one year42/48€48k€47k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€10k€13k▲
Taxes450/3€10k€13k▲
Other amounts payable47/48€22k€18k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k=
Other operating charges640/8€553€520▼
Gross operating margin9900€36k€62k▲
Operating profit (loss)9901€20k€46k▲
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€3k€3k=
Recurring financial charges65€3k€3k=
Profit (loss) for the period before taxes9903€17k€43k▲
Income taxes67/77€8k€15k▲
Profit (loss) for the period9904€9k€28k▲
Profit (loss) for the period to be appropriated9905€9k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-8k▲
Profit (loss) brought forward from the previous period14P€-36k€-36k=
Transfer to equity691/2€9k€28k▲
To other reserves6921€9k€28k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €15k | €15k | €15k | €15k | = |
| Other operating charges640/8 | €796 | €1k | €523 | €553 | €520 | ▼ 6.0% |
| Gross operating margin9900 | €20k | €6k | €18k | €36k | €62k | ▲ 72.6% |
| Operating profit (loss)9901 | €-6k | €-10k | €3k | €20k | €46k | ▲ 129% |
| Financial income75/76B | - | - | - | - | €4 | - |
| Recurring financial income75 | - | - | - | - | €4 | - |
| Financial charges65/66B | €6k | €3k | €3k | €3k | €3k | = |
| Recurring financial charges65 | €6k | €3k | €3k | €3k | €3k | = |
| Profit (loss) for the period before taxes9903 | €-12k | €-14k | €-145 | €17k | €43k | ▲ 150% |
| Income taxes67/77 | €3k | €3k | €4k | €8k | €15k | ▲ 87.5% |
| Profit (loss) for the period9904 | €-15k | €-17k | €-4k | €9k | €28k | ▲ 206% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €-17k | €-4k | €9k | €28k | ▲ 206% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200k | €179k | €169k | €157k | €171k | ▲ 9.0% |
| Fixed assets21/28 | €185k | €170k | €155k | €140k | €125k | ▼ 10.8% |
| Tangible fixed assets22/27 | €185k | €170k | €155k | €140k | €125k | ▼ 10.8% |
| Land and buildings22 | €185k | €170k | €155k | €140k | €125k | ▼ 10.8% |
| Current assets29/58 | €15k | €9k | €13k | €17k | €46k | ▲ 176% |
| Amounts receivable within one year40/41 | - | - | €2k | €255 | - | - |
| Trade receivables40 | - | - | €2k | - | - | - |
| Other amounts receivable41 | - | - | €15 | €255 | - | - |
| Cash at bank and in hand54/58 | €14k | €9k | €12k | €16k | €46k | ▲ 180% |
| Deferred charges and accrued income490/1 | €20 | - | €23 | €26 | €82 | ▲ 219% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200k | €179k | €169k | €157k | €171k | ▲ 9.0% |
| Equity10/15 | €-10k | €-27k | €-31k | €-22k | €6k | ▲ 129% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | - | - | €9k | €37k | ▲ 306% |
| Distributable reserves133 | - | - | - | €9k | €37k | ▲ 306% |
| Profit (loss) carried forward14 | €-15k | €-32k | €-36k | €-36k | €-36k | = |
| Amounts payable17/49 | €210k | €206k | €199k | €178k | €164k | ▼ 7.7% |
| Amounts payable after more than one year17 | €168k | €156k | €143k | €130k | €117k | ▼ 10.0% |
| Financial debts170/4 | €168k | €156k | €143k | €130k | €117k | ▼ 10.0% |
| Amounts payable within one year42/48 | €42k | €50k | €56k | €48k | €47k | ▼ 1.4% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | €13k | €13k | €13k | ▲ 1.7% |
| Trade debts44 | €3k | €7k | €7k | €4k | €4k | ▼ 1.0% |
| Suppliers440/4 | €3k | €7k | €7k | €4k | €4k | ▼ 1.0% |
| Advances received on contracts in progress46 | - | - | €2k | - | - | - |
| Taxes, remuneration and social security45 | €10k | €10k | €12k | €10k | €13k | ▲ 31.2% |
| Taxes450/3 | €10k | €10k | €12k | €10k | €13k | ▲ 31.2% |
| Other amounts payable47/48 | €16k | €21k | €23k | €22k | €18k | ▼ 18.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €-17k | €-4k | €9k | €28k | ▲ 206% |
| + Depreciation and write-downs630 | €25k | €15k | €15k | €15k | €15k | = |
| Operating cash flow (approximation) | €9k | €-1k | €11k | €24k | €43k | ▲ 77.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-6k | €3k | €5k | €29k | ▲ 525% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
31-12
Financial
Highest result since 2021net €28k ▲206%
Operating result €46k, net result €28k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
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, Mechelen · 1 establishment unit since 2020
Ground area
845 m²
Building footprint
90 m²
Volume, LiDAR
669 m³
Parcel 12403E0491/00X005, Flanders · tallest building 17.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PBO
since 20202.301.099.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0491/00X005 | Flanders | 845 m² | 1 · 90 m² | 17.6 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 17,908 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
Founded19-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.