PC Vision
ActiveSummary
PC Vision has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €316,051 and a net result of €93,762. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 46% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-3
Solvency59▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 1.67 against 2.18 in 2024; short-term debt: 22.5% and cash: 11.9% of total assets), but 66.2% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33.8%
Return on assets
10%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
1 d early
2021
on the day
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€316,051▲ 42.2%
2024 · €222,289
Total assets
€935,745▲ 17.8%
2024 · €794,255
Net result
€93,762▼ 4.9%
2024 · €98,616
Working capital
€141,792▼ 13.5%
2024 · €163,942
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
Line20212022202320242025
Operating result€89,492▲ 91.7%€64,720▼ 27.7%€62,459▼ 3.5%€145,119▲ 132%€132,736▼ 8.5%
Net result€68,088▲ 102%€40,971▼ 39.8%€38,971▼ 4.9%€98,616▲ 153%€93,762▼ 4.9%
Equity€103,731▲ 191%€144,702▲ 39.5%€183,673▲ 26.9%€222,289▲ 21.0%€316,051▲ 42.2%
Total assets€650,287▲ 20.3%€792,203▲ 21.8%€759,896▼ 4.1%€794,255▲ 4.5%€935,745▲ 17.8%
Debt€546,556▲ 8.2%€647,501▲ 18.5%€576,223▼ 11.0%€571,966▼ 0.7%€619,695▲ 8.3%
Working capital€117,190▲ 111%€141,727▲ 20.9%€132,284▼ 6.7%€163,942▲ 23.9%€141,792▼ 13.5%
Staff (FTE)0.81.4▲ 75.0%1.6▲ 14.3%2.7▲ 68.8%3.4▲ 25.9%
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 falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €935,745
Fixed assets
€583,134 ▲ 18.6%
Current assets
€352,611 ▲ 16.5%
Equity and liabilities €935,745
Equity
€316,051 ▲ 42.2%
Debt
€619,695 ▲ 8.3%
Debt's share of the balance-sheet total falls from 72.0% to 66.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€174,179▼
2024 · €180,016
Cash flow
€135,205▲
2024 · €133,513
Current ratio
1.67▼
2024 · 2.18
Quick ratio
1.11▼
2024 · 1.20
Debt to equity
1.96▼
2024 · 2.57
ROE
29.7%▼
2024 · 44.4%
ROA
10.0%▼
2024 · 12.4%
Interest coverage
17.43▲
2024 · 16.36
Debt ≤ 1 year
€210,820▲
2024 · €138,723
Debt > 1 year
€408,875▼
2024 · €433,243
Income taxes
€31,632▼
2024 · €36,807
Staff costs
€105,590▲
2024 · €79,360
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €27,233 | €66,848 | €79,360 | €105,590 | ▲ 33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,030 | €24,197 | €31,112 | €34,897 | €41,443 | ▲ 18.8% |
| Other operating charges640/8 | - | €18,871 | €7,552 | €4,456 | €4,504 | ▲ 1.1% |
| Gross operating margin9900 | €127,503 | €135,021 | €167,971 | €263,832 | €284,273 | ▲ 7.7% |
| Operating profit (loss)9901 | €89,492 | €64,720 | €62,459 | €145,119 | €132,736 | ▼ 8.5% |
| Financial income75/76B | - | €508 | €1,829 | €1,311 | €2,651 | ▲ 102% |
| Recurring financial income75 | €518 | €508 | €1,829 | €1,311 | €2,651 | ▲ 102% |
| Financial charges65/66B | - | €12,040 | €12,699 | €11,006 | €9,993 | ▼ 9.2% |
| Recurring financial charges65 | €9,324 | €12,040 | €12,699 | €11,006 | €9,993 | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | €80,687 | €53,187 | €51,589 | €135,423 | €125,393 | ▼ 7.4% |
| Income taxes67/77 | €12,599 | €12,216 | €12,618 | €36,807 | €31,632 | ▼ 14.1% |
| Profit (loss) for the period9904 | €68,088 | €40,971 | €38,971 | €98,616 | €93,762 | ▼ 4.9% |
| Profit (loss) for the period to be appropriated9905 | €68,088 | €40,971 | €38,971 | €98,616 | €93,762 | ▼ 4.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €650,287 | €792,203 | €759,896 | €794,255 | €935,745 | ▲ 17.8% |
| Fixed assets21/28 | €375,241 | €513,682 | €514,073 | €491,590 | €583,134 | ▲ 18.6% |
| Tangible fixed assets22/27 | €375,241 | €512,182 | €512,573 | €490,090 | €581,634 | ▲ 18.7% |
| Land and buildings22 | - | €493,512 | €472,214 | €457,618 | €439,054 | ▼ 4.1% |
| Plant, machinery and equipment23 | - | €11,283 | €12,183 | €10,065 | €33,688 | ▲ 235% |
| Furniture and vehicles24 | - | €7,386 | €28,176 | €22,408 | €108,891 | ▲ 386% |
| Financial fixed assets28 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €275,046 | €278,521 | €245,822 | €302,665 | €352,611 | ▲ 16.5% |
| Stocks and contracts in progress3 | €80,906 | €90,463 | €48,619 | €136,618 | €118,280 | ▼ 13.4% |
| Stocks30/36 | - | €90,463 | €48,619 | €136,618 | €118,280 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €163,310 | €113,318 | €111,442 | €62,716 | €122,810 | ▲ 95.8% |
| Trade receivables40 | - | €94,750 | €86,630 | €59,523 | €122,810 | ▲ 106% |
| Other amounts receivable41 | - | €18,568 | €24,811 | €3,193 | - | - |
| Cash at bank and in hand54/58 | €30,831 | €74,740 | €85,762 | €103,332 | €111,521 | ▲ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €650,287 | €792,203 | €759,896 | €794,255 | €935,745 | ▲ 17.8% |
| Equity10/15 | €103,731 | €144,702 | €183,673 | €222,289 | €316,051 | ▲ 42.2% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €101,731 | €142,702 | €181,673 | €220,289 | €314,051 | ▲ 42.6% |
| Distributable reserves133 | - | €142,702 | €181,673 | €220,289 | €314,051 | ▲ 42.6% |
| Amounts payable17/49 | €546,556 | €647,501 | €576,223 | €571,966 | €619,695 | ▲ 8.3% |
| Amounts payable after more than one year17 | €388,700 | €510,708 | €462,685 | €433,243 | €408,875 | ▼ 5.6% |
| Financial debts170/4 | - | €510,708 | €462,685 | €433,243 | €408,875 | ▼ 5.6% |
| Amounts payable within one year42/48 | €157,856 | €136,794 | €113,538 | €138,723 | €210,820 | ▲ 52.0% |
| Current portion of amounts payable after more than one year42 | - | €23,112 | €23,523 | €23,942 | €24,368 | ▲ 1.8% |
| Trade debts44 | €64,748 | €90,573 | €66,318 | €62,379 | €90,953 | ▲ 45.8% |
| Suppliers440/4 | - | €90,573 | €66,318 | €62,379 | €90,953 | ▲ 45.8% |
| Taxes, remuneration and social security45 | - | €23,109 | €23,697 | €22,090 | €71,677 | ▲ 224% |
| Taxes450/3 | - | €17,071 | €13,855 | €6,756 | €49,025 | ▲ 626% |
| Remuneration and social security454/9 | - | €6,038 | €9,842 | €15,335 | €22,652 | ▲ 47.7% |
| Other amounts payable47/48 | - | - | - | €30,312 | €23,821 | ▼ 21.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,088 | €40,971 | €38,971 | €98,616 | €93,762 | ▼ 4.9% |
| + Depreciation and write-downs630 | €21,030 | €24,197 | €31,112 | €34,897 | €41,443 | ▲ 18.8% |
| Operating cash flow (approximation) | €89,118 | €65,168 | €70,083 | €133,513 | €135,205 | ▲ 1.3% |
| Investment in fixed assets (approximation) | - | -€162,638 | -€31,503 | -€12,414 | -€132,987 | ▼ 971% |
| Change in cash | - | €43,910 | €11,021 | €17,570 | €8,189 | ▼ 53.4% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2020net €98,616 ▲153%
Operating result €145,119, net result €98,616, both a record.
30-06
Financial
Equity above €200,000Eq €222,289 ▲21%
5 profitable years in a row build equity to €222,289.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €150,000Eq €183,673 ▲26.9%
4 profitable years in a row build equity to €183,673.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €100,000Eq €103,731 ▲191%
2 profitable years in a row build equity to €103,731.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Turnhout · 1 establishment unit since 2019
Ground area
3,102 m²
Building footprint
809 m²
Volume, LiDAR
1,031 m³
2 parcels, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PC Vision
since 20192.290.841.080
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13040A0031/00N002 | Flanders | 2,004 m² | 1 · 228 m² | 8.7 m · 1 fl. |
| 13482F0037/00V004 | Flanders | 1,098 m² | 1 · 581 m² | 4.2 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 9,415 EUR awarded · 9,415 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,415 EUR | 9,415 EUR |
Schemes
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Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,249 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
Founded26-06-2019
Fiscal year end30-06
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728899075
Also
9925:BE0728899075
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.