PCDN
ActiveSummary
PCDN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of -€607,496. Equity is shrinking by ~8.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-11
Solvency79▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.83 in 2024; short-term debt: 29.4% and cash: 3.8% of total assets), and 45.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
54.4%
Return on assets
-11.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€607,496
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
29 d late
2023
69 d late
2022
3 d early
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 34 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€607,496▼ 51.8%
2024 · -€400,229
Working capital
€407,279▼ 65.2%
2024 · €1.2m
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-€3,814▲ 94.6%-€26,501▼ 595%-€18,875▲ 28.8%-€8,735▲ 53.7%-€14,033▼ 60.6%
Net result€2,166-€960,569-€243,672▲ 74.6%-€400,229▼ 64.2%-€607,496▼ 51.8%
Equity€5.2m=€4.2m▼ 18.6%€4.0m▼ 5.8%€3.6m▼ 10.1%€2.9m▼ 17.1%
Total assets€5.4m▼ 7.8%€5.9m▲ 9.8%€6.1m▲ 2.6%€5.9m▼ 4.1%€5.4m▼ 7.5%
Debt€253,894▼ 64.6%€1.7m▲ 588%€2.1m▲ 22.9%€2.3m▲ 7.0%€2.5m▲ 7.4%
Working capital€697,660▼ 1.4%€1.8m▲ 152%€1.4m▼ 18.0%€1.2m▼ 18.8%€407,279▼ 65.2%
Staff (FTE)0000
Why a figure moved sharply
- 2025 Net result -52% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,033 in 2025 against €8,735 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets
€3.4m ▲ 4.3%
Current assets
€2.0m ▼ 22.4%
Equity and liabilities €5.4m
Equity
€2.9m ▼ 17.1%
Debt
€2.5m ▲ 7.4%
Debt's share of the balance-sheet total rises from 39.3% to 45.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.26▼
2024 · 1.83
Debt to equity
0.84▲
2024 · 0.65
ROE
-20.6%▼
2024 · -11.3%
ROA
-11.2%▼
2024 · -6.8%
Debt ≤ 1 year
€1.6m▲
2024 · €1.4m
Debt > 1 year
€865,694▼
2024 · €878,902
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,061 | €990 | €1,361 | €1,373 | €3,855 | ▲ 181% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | -€2,753 | -€25,512 | -€17,514 | -€7,362 | -€10,178 | ▼ 38.2% |
| Operating profit (loss)9901 | -€3,814 | -€26,501 | -€18,875 | -€8,735 | -€14,033 | ▼ 60.6% |
| Financial income75/76B | €9,753 | €938,083 | €898,631 | €101,951 | €110,418 | ▲ 8.3% |
| Recurring financial income75 | €9,753 | €668,083 | €298,631 | €101,951 | €110,418 | ▲ 8.3% |
| Non-recurring financial income76B | - | €270,000 | €600,000 | €0 | - | - |
| Financial charges65/66B | €3,773 | €1.9m | €1.1m | €493,445 | €703,881 | ▲ 42.6% |
| Recurring financial charges65 | €3,773 | €1.6m | €479,769 | €218,446 | €205,730 | ▼ 5.8% |
| Non-recurring financial charges66B | €0 | €270,000 | €600,000 | €274,998 | €498,151 | ▲ 81.1% |
| Profit (loss) for the period before taxes9903 | €2,166 | -€958,967 | -€200,013 | -€400,229 | -€607,496 | ▼ 51.8% |
| Income taxes67/77 | - | €1,602 | €43,659 | €0 | - | - |
| Profit (loss) for the period9904 | €2,166 | -€960,569 | -€243,672 | -€400,229 | -€607,496 | ▼ 51.8% |
| Profit (loss) for the period to be appropriated9905 | €2,166 | -€960,569 | -€243,672 | -€400,229 | -€607,496 | ▼ 51.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.4m | €5.9m | €6.1m | €5.9m | €5.4m | ▼ 7.5% |
| Fixed assets21/28 | €4.5m | €3.3m | €3.4m | €3.3m | €3.4m | ▲ 4.3% |
| Financial fixed assets28 | €4.5m | €3.3m | €3.4m | €3.3m | €3.4m | ▲ 4.3% |
| Current assets29/58 | €884,339 | €2.6m | €2.7m | €2.6m | €2.0m | ▼ 22.4% |
| Amounts receivable after more than one year29 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Other amounts receivable291 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Amounts receivable within one year40/41 | €497,438 | €569,010 | €834,100 | €715,615 | €159,322 | ▼ 77.7% |
| Trade receivables40 | €0 | €43,000 | €43,000 | €43,000 | €43,000 | = |
| Other amounts receivable41 | €497,438 | €526,010 | €791,100 | €672,615 | €116,322 | ▼ 82.7% |
| Current investments50/53 | €194,631 | €1.4m | €1.6m | €1.6m | €1.4m | ▼ 12.6% |
| Cash at bank and in hand54/58 | €192,270 | €441,470 | €86,777 | €32,331 | €205,737 | ▲ 536% |
| Deferred charges and accrued income490/1 | - | - | €5,606 | €4,952 | €7,531 | ▲ 52.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.4m | €5.9m | €6.1m | €5.9m | €5.4m | ▼ 7.5% |
| Equity10/15 | €5.2m | €4.2m | €4.0m | €3.6m | €2.9m | ▼ 17.1% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €5.0m | €4.0m | €3.8m | €3.4m | €2.7m | ▼ 18.1% |
| Non-distributable reserves130/1 | €171,000 | €171,000 | €171,000 | €171,000 | €171,000 | = |
| Legal reserve130 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves not available under the articles1311 | €151,000 | €0 | - | - | - | - |
| Own shares acquired1312 | - | €151,000 | €151,000 | €151,000 | €151,000 | = |
| Distributable reserves133 | €4.8m | €3.8m | €3.6m | €3.2m | €2.6m | ▼ 19.1% |
| Amounts payable17/49 | €253,894 | €1.7m | €2.1m | €2.3m | €2.5m | ▲ 7.4% |
| Amounts payable after more than one year17 | €67,215 | €854,659 | €841,889 | €878,902 | €865,694 | ▼ 1.5% |
| Financial debts170/4 | €67,215 | €854,659 | €841,889 | €878,902 | €865,694 | ▼ 1.5% |
| Amounts payable within one year42/48 | €186,679 | €887,018 | €1.3m | €1.4m | €1.6m | ▲ 13.2% |
| Current portion of amounts payable after more than one year42 | €12,346 | €12,556 | €12,770 | €12,987 | €13,208 | ▲ 1.7% |
| Financial debts43 | €0 | €750,000 | €1.2m | €1.2m | €1.3m | ▲ 2.4% |
| Credit institutions430/8 | €0 | €750,000 | €1.2m | €1.2m | €1.3m | ▲ 2.4% |
| Trade debts44 | €1,381 | €3,171 | €4,651 | €6,781 | €8,698 | ▲ 28.3% |
| Suppliers440/4 | €1,381 | €3,171 | €4,651 | €6,781 | €8,698 | ▲ 28.3% |
| Taxes, remuneration and social security45 | - | - | €43,659 | €43,659 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €43,659 | €43,659 | €0 | ▼ 100% |
| Other amounts payable47/48 | €172,953 | €121,290 | €0 | €96,797 | €293,746 | ▲ 203% |
| Accrued charges and deferred income492/3 | - | €5,404 | €7,560 | €13,068 | €11,360 | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,166 | -€960,569 | -€243,672 | -€400,229 | -€607,496 | ▼ 51.8% |
| Operating cash flow (approximation) | €2,166 | -€960,569 | -€243,672 | -€400,229 | -€607,496 | ▼ 51.8% |
| Investment in fixed assets (approximation) | - | €1.2m | -€61,651 | €86,914 | -€141,317 | ▼ 263% |
| Change in cash | - | €249,200 | -€354,692 | -€54,446 | €173,406 | ▲ 418% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€960,569
Net result drops to -€960,569, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €2,166
Net result €2,166 after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 4.74
Current ratio from 2.11 to 4.74; short-term debt falls from €637,129 to €186,679.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brakel · 1 establishment unit since 2005
Ground area
5,609 m²
Building footprint
1,770 m²
Volume, LiDAR
10,184 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
PCDN
since 20052.234.254.448
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45024C0751/00F000 | Flanders | 4,139 m² | 1 · 1,257 m² | 9.4 m · 2 fl. |
| 44062B0064/00X003 | Flanders | 1,470 m² | 1 · 513 m² | 10.2 m · 2 fl. |
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.
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 4
-
100%
-
50%
-
16.17%
-
10.54%
According to the 2025 annual accounts of PCDN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
967600JSI0WYVJQ4W218
Identification & contact
Identification
Legal formPublic limited company
Founded26-12-2005
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.