PCSI
ActiveSummary
PCSI has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32.3m and a net result of -€1,913. Equity is growing by ~54.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 3243 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79=
Solvency97▲+39
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.0 in 2024; short-term debt: 2.7% and cash: 0.1% of total assets), and 27.6% of the assets are financed with debt.
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Signals
Seven 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 →
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
72.4%
Return on assets
0%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
43 d early
2023
34 d early
2022
31 d early
2021
32 d early
2020
31 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Ans, Professional and technical services sector#3 company by total assets in Ans, Professional and technical services sector#3 company by equity in Ans, Professional and technical services sector
Turnover
€60,000
EBIT margin
10.7%
Net result
-€1,913
2024 · €13,893
Working capital
-€1.2m▼ 904%
2024 · -€118,732
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€60,000
Operating result€19,777▲ 1.9%€3,045▼ 84.6%€16,822▲ 452%€14,766▼ 12.2%€6,411▼ 56.6%
Net result€16,774within the sector's middle half▲ 0.4%€2,753within the sector's middle half▼ 83.6%€17,425within the sector's middle half▲ 533%€13,893within the sector's middle half▼ 20.3%-€1,913below the sector's middle half
EBIT margin10.7%
Equity€23,336below the sector's middle half▲ 256%€26,089below the sector's middle half▲ 11.8%€43,513below the sector's middle half▲ 66.8%€57,407below the sector's middle half▲ 31.9%€32.3mabove the sector's middle half▲ 56,244%
Total assets€250,858below the sector's middle half▼ 1.1%€217,144below the sector's middle half▼ 13.4%€195,339below the sector's middle half▼ 10.0%€176,458below the sector's middle half▼ 9.7%€44.7mabove the sector's middle half▲ 25,229%
Debt€227,523▼ 8.0%€191,055▼ 16.0%€151,825▼ 20.5%€119,051▼ 21.6%€12.3m▲ 10,274%
Working capital-€209,372below the sector's middle half▲ 14.5%-€187,870below the sector's middle half▲ 10.3%-€151,695below the sector's middle half▲ 19.3%-€118,732below the sector's middle half▲ 21.7%-€1.2mbelow the sector's middle half▼ 904%
Solvency9.3%below the sector's middle half▲ 6.7pp12.0%below the sector's middle half▲ 2.7pp22.3%within the sector's middle half▲ 10.3pp32.5%within the sector's middle half▲ 10.3pp72.4%within the sector's middle half▲ 39.8pp
Current ratio0.08below the sector's middle half▲ 0.070.02below the sector's middle half▼ 0.060.00below the sector's middle half▼ 0.020.00below the sector's middle half=0.03below the sector's middle half▲ 0.03
Return on assets (ROA)6.7%within the sector's middle half▲ 0.1pp1.3%within the sector's middle half▼ 5.4pp8.9%within the sector's middle half▲ 7.7pp7.9%within the sector's middle half▼ 1.0pp0.0%within the sector's middle half▼ 7.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44.6m
Fixed assets
€44.6m
Current assets
€35,463
Equity and liabilities €44.7m
Equity
€32.3m ▲ 56,244%
Debt
€12.3m ▲ 10,274%
Debt's share of the balance-sheet total falls from 67.5% to 27.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25,488▼
2024 · €33,516
Cash flow
€17,164▼
2024 · €32,643
Debt to equity
0.38▼
2024 · 2.07
ROE
0.0%▼
2024 · 24.2%
Interest coverage
12.47▼
2024 · 16.04
Debt ≤ 1 year
€1.2m▲
2024 · €118,732
Debt > 1 year
€11.1m
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €60,000 | - |
| Turnover70 | - | - | - | - | €60,000 | - |
| Operating charges60/66A | - | - | - | - | €53,589 | - |
| Services and other goods61 | - | - | - | - | €30,718 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,750 | €18,750 | €18,750 | €18,750 | €19,076 | ▲ 1.7% |
| Other operating charges640/8 | €4,635 | €4,492 | €3,151 | €2,683 | €3,794 | ▲ 41.4% |
| Gross operating margin9900 | €43,162 | €26,286 | €38,723 | €36,199 | - | - |
| Operating profit (loss)9901 | €19,777 | €3,045 | €16,822 | €14,766 | €6,411 | ▼ 56.6% |
| Financial income75/76B | - | €85 | €976 | €1,217 | €0 | ▼ 100% |
| Recurring financial income75 | - | €85 | €976 | €1,217 | €0 | ▼ 100% |
| Other financial income752/9 | - | - | - | - | €0 | - |
| Financial charges65/66B | €3,003 | €377 | €373 | €2,089 | €8,324 | ▲ 298% |
| Recurring financial charges65 | €3,003 | €377 | €373 | €2,089 | €8,324 | ▲ 298% |
| Debt charges650 | - | - | - | - | €2,045 | - |
| Other financial charges652/9 | - | - | - | - | €6,279 | - |
| Profit (loss) for the period before taxes9903 | €16,774 | €2,753 | €17,425 | €13,893 | -€1,913 | ▼ 114% |
| Profit (loss) for the period9904 | €16,774 | €2,753 | €17,425 | €13,893 | -€1,913 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €16,774 | €2,753 | €17,425 | €13,893 | -€1,913 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €250,858 | €217,144 | €195,339 | €176,458 | €44.7m | ▲ 25,229% |
| Formation expenses20 | - | - | - | - | €60,333 | - |
| Fixed assets21/28 | €232,708 | €213,958 | €195,208 | €176,458 | €44.6m | ▲ 25,175% |
| Intangible fixed assets21 | €232,708 | €213,958 | €195,208 | €176,458 | €157,708 | ▼ 10.6% |
| Tangible fixed assets22/27 | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | €0 | €0 | €0 | - |
| Financial fixed assets28 | - | - | - | - | €44.4m | - |
| Affiliated companies280/1 | - | - | - | - | €44.4m | - |
| Participating interests280 | - | - | - | - | €44.4m | - |
| Current assets29/58 | €18,150 | €3,185 | €131 | €0 | €35,463 | - |
| Amounts receivable within one year40/41 | €18,150 | €3,185 | €0 | €0 | €604 | - |
| Trade receivables40 | €18,150 | €3,185 | €0 | €0 | €0 | - |
| Other amounts receivable41 | - | - | €0 | €0 | €604 | - |
| Cash at bank and in hand54/58 | - | - | €0 | €0 | €34,858 | - |
| Deferred charges and accrued income490/1 | - | - | €131 | €0 | €0 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €250,858 | €217,144 | €195,339 | €176,458 | €44.7m | ▲ 25,229% |
| Equity10/15 | €23,336 | €26,089 | €43,513 | €57,407 | €32.3m | ▲ 56,244% |
| Contributions10/11 | €650,000 | €650,000 | €650,000 | €650,000 | €32.3m | ▲ 4,875% |
| Capital10 | €650,000 | €650,000 | €650,000 | €650,000 | €32.3m | ▲ 4,875% |
| Issued capital100 | €650,000 | €650,000 | €650,000 | €650,000 | €32.3m | ▲ 4,875% |
| Reserves13 | €13,601 | €13,601 | €13,601 | €13,601 | €13,601 | = |
| Non-distributable reserves130/1 | €13,601 | €13,601 | €13,601 | €13,601 | €13,601 | = |
| Legal reserve130 | €13,601 | €13,601 | €13,601 | €13,601 | €13,601 | = |
| Profit (loss) carried forward14 | -€640,266 | -€637,513 | -€620,088 | -€606,194 | -€8,107 | ▲ 98.7% |
| Amounts payable17/49 | €227,523 | €191,055 | €151,825 | €119,051 | €12.3m | ▲ 10,274% |
| Amounts payable after more than one year17 | - | - | - | - | €11.1m | - |
| Financial debts170/4 | - | - | - | - | €11.1m | - |
| Credit institutions173 | - | - | - | - | €11.1m | - |
| Amounts payable within one year42/48 | €227,522 | €191,055 | €151,825 | €118,732 | €1.2m | ▲ 934% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1.0m | - |
| Trade debts44 | €8,426 | €15,634 | €6,885 | €7,844 | €56,194 | ▲ 616% |
| Suppliers440/4 | €8,426 | €15,634 | €6,885 | €7,844 | €56,194 | ▲ 616% |
| Taxes, remuneration and social security45 | €940 | €1,234 | €2,263 | €1,969 | €0 | ▼ 100% |
| Taxes450/3 | €940 | €1,234 | €2,263 | €1,969 | €0 | ▼ 100% |
| Other amounts payable47/48 | €218,156 | €174,187 | €142,678 | €108,919 | €143,696 | ▲ 31.9% |
| Accrued charges and deferred income492/3 | €0 | - | - | €320 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,774 | €2,753 | €17,425 | €13,893 | -€1,913 | ▼ 114% |
| + Depreciation and write-downs630 | €18,750 | €18,750 | €18,750 | €18,750 | €19,076 | ▲ 1.7% |
| Operating cash flow (approximation) | €35,524 | €21,503 | €36,175 | €32,643 | €17,164 | ▼ 47.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€44.4m | - |
| Change in cash | - | - | - | €0 | €34,858 | - |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet -€1,913
Net result drops to -€1,913, the lowest in the series.
31-12
Financial
Equity above €25mEq €32.3m ▲56,244%
Equity rises from €57,407 to €32.3m.
24-12
State Gazette act
General meeting · Share cancellation
Reserve release · Statutes amendment
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €17,425 ▲533%
Net result €17,425, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
No directors read yet: 0 of 15 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ans · 3 establishment units since 1971
Ground area
1.4 ha
Building footprint
5,303 m²
Volume, LiDAR
40,368 m³
4 parcels, Wallonia · tallest building 25.0 m, ±7 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
3 establishment units
Quai du Condroz 1, 4020 Liège
since 19712.006.202.597
PARSIFAL
since 19942.006.202.696
POINT CHAUD
since 19962.006.202.795
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0377/00T002 | Wallonia | 7,536 m² | 1 · 3,096 m² | 11.3 m · 2 fl. |
| 92302G0490/00Z003 | Wallonia | 6,025 m² | 1 · 1,824 m² | 11.9 m · 3 fl. |
| 62803B0203/00Z002 | Wallonia | 660 m² | 1 · 176 m² | 18.9 m · 6 fl. |
| 62806E0006/00G002 | Wallonia | 243 m² | 1 · 206 m² | 25.0 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
2D CONSEIL
7 companies
Group, risk and exposure
Owners and holdings
4 owners · 6 holdings · 6 subsidiaries in the treeChain of control
- 2D CONSEIL
- PCSI
Highest known parent: 2D CONSEIL. The sources do not say who stands above it.
Owners 4
- 2D CONSEILparentSourceown accounts 202551.9%
- 35%
-
35%
- Sourceown accounts 202513.1%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
Holdings 6
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
HOLDING PCS 100%5 subsidiaries
- CHAUD DIFFUSION 100%
- DEGE IMMO 100%
- PANIBEL 100%
- PC DISTRIBUTION 100%
- FRAIS CHAUD SàRLFR 99.96%
According to the 2025 annual accounts of PCSI 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
1 connected companyThe connected companies are in the list below.
This company
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Company details
Identification
Legal formPublic limited company
Founded01-07-1971
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0408455815
Also
9925:BE0408455815
Registered
18-01-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.