PCMAN
Dissolved and wound up on 30-12-2025Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 10 filings
Turnover
€236,964▲ 23.6%
2024 · €191,693
EBIT margin
14.8%▲ 6.1pp
2024 · 8.6%
Net result
€32,215▲ 121%
2024 · €14,591
Working capital
€14,365▼ 29.8%
2024 · €20,464
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€236,964
▲ 23.6%
2025
20182025
Operating result
€35,003
▲ 111%
2025
20182025
Net result
€32,215
▲ 121%
2025
20182025
EBIT margin
14.8%
▲ 6.1pp
2025
20182025
Equity
€14,365
▼ 35.1%
2025
20182025
Total assets
€14,497
▼ 80.7%
2025
20182025
Debt
€132
▼ 99.8%
2025
20182025
Working capital
€14,365
▼ 29.8%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€210,998-€249,833▲ 18.4%€252,910▲ 1.2%€332,079▲ 31.3%€258,214▼ 22.2%€251,852▼ 2.5%€191,693▼ 23.9%€236,964▲ 23.6%
Operating result€4,101-€20,718▲ 405%€21,822▲ 5.3%€13,739▼ 37.0%€356▼ 97.4%€21,254▲ 60×€16,554▼ 22.1%€35,003▲ 111%
Net result€1,829-€14,968▲ 719%€17,105▲ 14.3%€10,101▼ 40.9%-€1,540€16,899€14,591▼ 13.7%€32,215▲ 121%
EBIT margin1.9%-8.3%▲ 6.3pp8.6%▲ 0.3pp4.1%▼ 4.5pp0.1%▼ 4.0pp8.4%▲ 8.3pp8.6%▲ 0.2pp14.8%▲ 6.1pp
Equity€10,025-€24,993▲ 149%€32,098▲ 28.4%€42,199▲ 31.5%€40,659▼ 3.6%€57,559▲ 41.6%€22,150▼ 61.5%€14,365▼ 35.1%
Total assets€99,058-€99,564▲ 0.5%€129,025▲ 29.6%€102,381▼ 20.7%€86,922▼ 15.1%€71,548▼ 17.7%€75,107▲ 5.0%€14,497▼ 80.7%
Debt€89,033-€74,570▼ 16.2%€96,927▲ 30.0%€60,182▼ 37.9%€46,262▼ 23.1%€13,989▼ 69.8%€52,957▲ 279%€132▼ 99.8%
Working capital€7,893-€20,467▲ 159%€16,416▼ 19.8%€23,700▲ 44.4%€22,795▼ 3.8%€45,881▲ 101%€20,464▼ 55.4%€14,365▼ 29.8%
The operating result for 2025 is 111% higher than in 2024 and the highest since 2018. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €14,497
Equity
€14,365 ▼ 35.1%
Debt
€132 ▼ 99.8%
Debt's share of the balance-sheet total falls from 70.5% to 0.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€36,688▲
2024 · €26,667
Cash flow
€33,900▲
2024 · €24,703
Debt to equity
0.01▼
2024 · 2.39
ROE
224.3%▲
2024 · 65.9%
ROA
222.2%▲
2024 · 19.4%
Interest coverage
70.83
Debt ≤ 1 year
€132▼
2024 · €52,957
Income taxes
€11,315▲
2024 · €4,484
Customer credit
20 days▲
2024 · 7 days
A ratio outside any meaningful range has been withheld (balance sheet total €14,497, equity €14,365).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €210,998 | €249,833 | €252,910 | €332,079 | €258,214 | €251,852 | €191,693 | €236,964 | ▲ 23.6% |
| Non-recurring operating income76A | - | - | - | €880 | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €304,113 | €242,527 | €220,006 | €164,639 | €199,876 | ▲ 21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,155 | €10,689 | €12,677 | €15,050 | €15,050 | €10,112 | €10,112 | €1,685 | ▼ 83.3% |
| Other operating charges640/8 | - | - | - | €1,270 | €1,046 | €481 | €387 | €400 | ▲ 3.3% |
| Gross operating margin9900 | €15,604 | €31,755 | €36,194 | €30,059 | €16,452 | €31,847 | €27,054 | €37,088 | ▲ 37.1% |
| Operating profit (loss)9901 | €4,101 | €20,718 | €21,822 | €13,739 | €356 | €21,254 | €16,554 | €35,003 | ▲ 111% |
| Financial income75/76B | - | - | - | - | - | €2,026 | €2,520 | €12,500 | ▲ 396% |
| Recurring financial income75 | - | - | - | - | - | €35 | €2,520 | €12,500 | ▲ 396% |
| Non-recurring financial income76B | - | - | - | - | - | €1,991 | - | - | - |
| Financial charges65/66B | - | - | - | €1,233 | €1,122 | €2,845 | - | €3,973 | - |
| Recurring financial charges65 | €2,273 | €1,460 | €1,954 | €1,233 | €1,122 | €1,732 | - | €518 | - |
| Non-recurring financial charges66B | - | - | - | - | - | €1,113 | - | €3,455 | - |
| Profit (loss) for the period before taxes9903 | €1,829 | €19,258 | €19,867 | €12,507 | -€766 | €20,435 | €19,075 | €43,530 | ▲ 128% |
| Income taxes67/77 | - | €4,290 | €2,763 | €2,406 | €773 | €3,535 | €4,484 | €11,315 | ▲ 152% |
| Profit (loss) for the period9904 | €1,829 | €14,968 | €17,105 | €10,101 | -€1,540 | €16,899 | €14,591 | €32,215 | ▲ 121% |
| Profit (loss) for the period to be appropriated9905 | €1,829 | €14,968 | €17,105 | €10,101 | -€1,540 | €16,899 | €14,591 | €32,215 | ▲ 121% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €99,058 | €99,564 | €129,025 | €102,381 | €86,922 | €71,548 | €75,107 | €14,497 | ▼ 80.7% |
| Fixed assets21/28 | €63,031 | €52,342 | €64,355 | €49,305 | €34,255 | €11,797 | €1,685 | - | - |
| Intangible fixed assets21 | €62,358 | €52,246 | €42,134 | €32,022 | €21,910 | €11,797 | €1,685 | - | - |
| Tangible fixed assets22/27 | €673 | €96 | €22,221 | €17,283 | €12,345 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €17,283 | €12,345 | - | - | - | - |
| Current assets29/58 | €36,027 | €47,222 | €64,670 | €53,076 | €52,667 | €59,750 | €73,421 | €14,497 | ▼ 80.3% |
| Stocks and contracts in progress3 | €17,581 | €20,411 | €22,739 | €23,110 | €20,942 | €16,348 | €16,580 | - | - |
| Stocks30/36 | - | - | - | €23,110 | €20,942 | €16,348 | €16,580 | - | - |
| Amounts receivable within one year40/41 | €3,540 | €3,657 | €61 | €6,329 | €6,446 | €3,257 | €5,027 | €12,819 | ▲ 155% |
| Trade receivables40 | - | - | - | €6,329 | €6,446 | €3,257 | €3,527 | €12,819 | ▲ 263% |
| Other amounts receivable41 | - | - | - | - | - | - | €1,500 | - | - |
| Cash at bank and in hand54/58 | €14,907 | €23,154 | €41,870 | €23,162 | €25,280 | €40,145 | €51,814 | €1,678 | ▼ 96.8% |
| Deferred charges and accrued income490/1 | - | - | - | €475 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €99,058 | €99,564 | €129,025 | €102,381 | €86,922 | €71,548 | €75,107 | €14,497 | ▼ 80.7% |
| Equity10/15 | €10,025 | €24,993 | €32,098 | €42,199 | €40,659 | €57,559 | €22,150 | €14,365 | ▼ 35.1% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Contributions outside capital11 | - | - | - | €20,000 | - | - | - | - | - |
| Other1109/19 | - | - | - | €20,000 | - | - | - | - | - |
| Reserves13 | - | €250 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Non-distributable reserves130/1 | - | - | - | €1,000 | €1,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,000 | €1,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€9,975 | €4,744 | €11,098 | €21,199 | €19,659 | €36,559 | €1,150 | -€6,635 | - |
| Amounts payable17/49 | €89,033 | €74,570 | €96,927 | €60,182 | €46,262 | €13,989 | €52,957 | €132 | ▼ 99.8% |
| Amounts payable after more than one year17 | €60,899 | €47,815 | €48,672 | €30,805 | €16,391 | - | - | - | - |
| Financial debts170/4 | - | - | - | €30,805 | €16,391 | - | - | - | - |
| Amounts payable within one year42/48 | €28,134 | €26,755 | €48,254 | €29,376 | €29,872 | €13,869 | €52,957 | €132 | ▼ 99.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,867 | €14,415 | - | - | - | - |
| Trade debts44 | €6,051 | €5,084 | €11,936 | €7,334 | €12,677 | €11,476 | €2,167 | - | - |
| Suppliers440/4 | - | - | - | €7,334 | €12,677 | €11,476 | €2,167 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,175 | €2,780 | €2,392 | €8,290 | - | - |
| Taxes450/3 | - | - | - | €4,175 | €2,780 | €2,392 | €8,290 | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €42,500 | €132 | ▼ 99.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €120 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,829 | €14,968 | €17,105 | €10,101 | -€1,540 | €16,899 | €14,591 | €32,215 | ▲ 121% |
| + Depreciation and write-downs630 | €11,155 | €10,689 | €12,677 | €15,050 | €15,050 | €10,112 | €10,112 | €1,685 | ▼ 83.3% |
| Operating cash flow (approximation) | €12,983 | €25,657 | €29,782 | €25,151 | €13,510 | €27,011 | €24,703 | €33,900 | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | €0 | -€24,690 | €0 | €0 | €12,345 | €0 | - | - |
| Change in cash | - | €8,247 | €18,716 | -€18,707 | €2,118 | €14,865 | €11,669 | -€50,136 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-12-2025 | micro format | 31-03-2026 | 2026-00068014 | |
| 31-12-2024 | micro format | 11-06-2025 | 2025-00130202 | |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00136801 | |
| 31-12-2022 | micro format | 14-06-2023 | 2023-00124809 | |
| 31-12-2021 | micro format | 16-06-2022 | 2022-20067731 | |
| 31-12-2020 | micro format | 08-06-2021 | 2021-18100215 | |
| 31-12-2019 | micro format | 08-06-2020 | 2020-15200047 | |
| 31-12-2018 | micro format | 17-06-2019 | 2019-18900371 | |
| 31-12-2017 | micro format | 07-06-2018 | 2018-16700343 | |
| 31-12-2016 | abbreviated format | 13-06-2017 | 2017-17300158 |