PC Antwerp

Active

Public limited companyfounded 20206 yrs activeMaliestraat 50, 1050 Elsene, BelgiumKBO/BCE: BE 0745.665.625

The computed 12-month bankruptcy probability of PC Antwerp is 4.5% (elevated). The 2024 annual accounts show equity of €11.17M and a net result of €2.68M. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 5988 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

43 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability62▲+12

Solvency48▼-4

Growth68=

Track record100

Bankruptcy probability, 12 months

4.5% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €480k at 30 days only on tighter terms

Liquidity ample (current ratio 1.84 against 2.37 in 2023; short-term debt: 44.9% and cash: 0% of total assets), but 77.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

22.9%

Return on assets

5.5%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

77 d early

2023

62 d early

2022

53 d early

2021

32 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€150.75M▲ 13.0%

2023 · €133.38M

2021: €85.11M 2022: €105.03M 2023: €133.38M

2021 → 2024

EBIT margin

3.3%▲ 1.2pp

2023 · 2.1%

2021: 5.5% 2022: 4.1% 2023: 2.1%

2021 → 2024

Net result

€2.68M▲ 221%

2023 · €836k

2021: €3.38M 2022: €3.00M 2023: €836k

2021 → 2024

Working capital

€18.51M▲ 1.1%

2023 · €18.31M

2021: €6.79M 2022: €6.80M 2023: €18.31M

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€85.11M-€105.03M▲ 23.4%€133.38M▲ 27.0%€150.75M▲ 13.0%

Equity€9.63M-€10.38M▲ 7.8%€10.50M▲ 1.2%€11.17M▲ 6.4%

Operating result€4.66M-€4.36M▼ 6.6%€2.85M▼ 34.6%€5.02M▲ 76.3%

Net result€3.38M-€3.00M▼ 11.3%€836k▼ 72.1%€2.68M▲ 221%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 76% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €48.78M

17.1%

82.9%

Fixed assets €8.35M▲ 8.5%

Current assets €40.43M▲ 27.8%

Equity and liabilities €48.78M

22.9%

77.1%

Equity €11.17M▲ 6.4%

Debt €37.61M▲ 30.5%

The debt ratio rises from 73.3% to 77.1%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€6.12M▲

2023 · €3.66M

Cash flow

€3.78M▲

2023 · €1.65M

Solvency

22.9%▼

2023 · 26.7%

Current ratio

1.84▼

2023 · 2.37

Quick ratio

0.70▲

2023 · 0.56

Debt / equity

3.37▲

2023 · 2.74

ROE

24.0%▲

2023 · 8.0%

ROA

5.5%▲

2023 · 2.1%

Interest coverage

6.22▲

2023 · 4.55

Debt

€37.61M▲

2023 · €28.82M

Debt ≤ 1 year

€21.92M▲

2023 · €13.33M

Debt > 1 year

€15.20M=

2023 · €15.20M

Income taxes

€1.02M▲

2023 · €1.02M

Staff costs

€8.01M▲

2023 · €6.89M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€39.33M€48.78M▲

Fixed assets21/28€7.69M€8.35M▲

Tangible fixed assets22/27€7.68M€8.28M▲

Land and buildings22€155k€120k▼

Plant, machinery and equipment23€1.26M€1.38M▲

Furniture and vehicles24€329k€403k▲

Other tangible fixed assets26€5.93M€6.38M▲

Financial fixed assets28€15k€73k▲

Other financial fixed assets284/8€15k€73k▲

Amounts receivable and cash guarantees285/8€15k€73k▲

Current assets29/58€31.63M€40.43M▲

Stocks and contracts in progress3€24.13M€24.99M▲

Stocks30/36€24.13M€24.99M▲

Goods purchased for resale34€24.13M€24.99M▲

Amounts receivable within one year40/41€5.53M€15.20M▲

Trade receivables40€5.19M€14.98M▲

Other amounts receivable41€334k€227k▼

Cash at bank and in hand54/58€1.90M€19k▼

Deferred charges and accrued income490/1€71k€222k▲

Equity and liabilities

Total equity and liabilities10/49€39.33M€48.78M▲

Equity10/15€10.50M€11.17M▲

Contributions10/11€6.25M€6.25M=

Capital10€6.25M€6.25M=

Issued capital100€6.25M€6.25M=

Reserves13€362k€497k▲

Non-distributable reserves130/1€362k€497k▲

Legal reserve130€362k€497k▲

Profit (loss) carried forward14€3.89M€4.43M▲

Amounts payable17/49€28.82M€37.61M▲

Amounts payable after more than one year17€15.20M€15.20M=

Financial debts170/4€15.20M€15.20M=

Other loans174€15.20M€15.20M=

Amounts payable within one year42/48€13.33M€21.92M▲

Financial debts43€1.32M€9.36M▲

Other loans439€1.32M€9.36M▲

Trade debts44€5.72M€3.67M▼

Suppliers440/4€5.72M€3.67M▼

Advances received on contracts in progress46€4.19M€4.46M▲

Taxes, remuneration and social security45€1.38M€2.43M▲

Taxes450/3€541k€1.43M▲

Remuneration and social security454/9€844k€999k▲

Other amounts payable47/48€713k€2.01M▲

Accrued charges and deferred income492/3€294k€482k▲

Income statement Code20232024

Operating income70/76A€133.87M€151.14M▲

Turnover70€133.38M€150.75M▲

Other operating income74€481k€390k▼

Operating charges60/66A€131.02M€146.12M▲

Goods for resale, raw materials and consumables60€115.94M€129.18M▲

Purchases600/8€117.63M€130.17M▲

Change in stocks: decrease (increase)609€-1.69M€-988k▲

Services and other goods61€6.45M€7.38M▲

Remuneration, social security and pensions62€6.89M€8.01M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€809k€1.09M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€519k€161k▼

Other operating charges640/8€400k€295k▼

Operating profit (loss)9901€2.85M€5.02M▲

Financial income75/76B€3k€8k▲

Recurring financial income75€3k€8k▲

Other financial income752/9€3k€8k▲

Financial charges65/66B€994k€1.33M▲

Recurring financial charges65€994k€1.33M▲

Debt charges650€804k€983k▲

Other financial charges652/9€190k€344k▲

Profit (loss) for the period before taxes9903€1.86M€3.70M▲

Income taxes67/77€1.02M€1.02M▲

Taxes670/3€1.02M€1.07M▲

Tax adjustments and reversals of tax provisions77-€50k

Profit (loss) for the period9904€836k€2.68M▲

Profit (loss) for the period to be appropriated9905€836k€2.68M▲

Appropriation of the result

Profit (loss) to be appropriated9906€4.64M€6.57M▲

Profit (loss) brought forward from the previous period14P€3.81M€3.89M▲

Transfer to equity691/2€42k€135k▲

To the legal reserve6920€42k€135k▲

Profit to be distributed694/7€713k€2.01M▲

Return on contributions (dividend)694€627k€2.01M▲

Employees696€86k-

Social balance

Average headcount (FTE)908765.780.2▲

The notes to these accounts (51 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 2Gazette 1Filings 4

2026

20-08

State Gazette act Resignations & appointments

Board meeting · Permanent representative3 facts ▸

Board meeting, 2026-04-27
Permanent representative, Axel Jorion
Permanent representative, Joffrey Ankaert

2025

15-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

30-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €836k ▼72.1%

Net result drops to €836k, the lowest in the series; recovery starts the following year.

08-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Equity above €10MEq €10.38M ▲7.8%

2 profitable years in a row build equity to €10.38M.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

12-01-2026 Didier Willems: Resigned as Director

01-09-2025 Eric Cortois: Resigned as Director

01-07-2023 Stefan Kerckhoven: Resigned as Director

01-07-2022 Didier Fenix: Resigned as Director

Location & real-estate footprint

Registered office, Elsene · 6 establishment units since 2020

establishment All 6 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Maliestraat 501050 Elsene

Ground area

7.3 ha

Building footprint

2.3 ha

Volume, LiDAR

217,742 m³

5 parcels, Brussels, Flanders · tallest building 33.4 m, ±3 floors. Linked by address, not a title deed.

6 establishment units

Maliestraat 50, 1050 Elsene

NACE 45111

since 20202.309.926.524

Porsche Centre Antwerpen

Uilenbaan 200 B, 2160 WommelgemNACE 45111

since 20212.309.926.623

Autolei 330, 2160 Wommelgem

NACE 45113

since 20212.349.327.429

Uilenbaan 196, 2160 Wommelgem

NACE 45111

since 20212.349.327.330

Kapelstraat 85, 2160 Wommelgem

NACE 45204

since 20232.349.327.231

PC Antwerp NV

Uilenbaan 200, 2160 WommelgemRenting and operating of own or leased non-residential real estate, excluding land

since 20242.354.731.814

5 parcels

Flanders 4 (80%) Brussels 1 (20%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11052C0170/00A002	Flanders	3.9 ha	1 · 7,797 m²	11.8 m · 3 fl.
21447B0305/00Y027 ProtectedMonumentD'IeterenSource ↗	Brussels	1.7 ha	1 · 7,305 m²	33.4 m · 2 fl.
11052C0174/00L000	Flanders	1.4 ha	1 · 7,206 m²	10.6 m · 2 fl.
11052A0107/00P000	Flanders	2,116 m²	1 · 637 m²	9.1 m · 3 fl.
11052C0188/00D002	Flanders	255 m²	1 · 127 m²	8.3 m · 2 fl.