PDV
ActiveSummary
PDV has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €449,783 and a net result of €98,104. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 12761 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 5.14 against 4.53 in 2024; short-term debt: 18.4% and cash: 60.5% of total assets), and 18.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
81.6%
Return on assets
17.8%
Age of the figures
9 mo
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
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
37 d early
2023
30 d early
2022
110 d early
2021
33 d early
2020
38 d early
2019
38 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 41 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€449,783▲ 27.9%
2024 · €351,679
Total assets
€550,931▲ 23.3%
2024 · €446,781
Net result
€98,104▼ 1.0%
2024 · €99,064
Working capital
€419,125▲ 25.0%
2024 · €335,421
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€119,002▲ 28.3%€198,229▲ 66.6%€145,148▼ 26.8%€132,120▼ 9.0%€147,892▲ 11.9%
Net result€86,421▲ 20.0%€148,675▲ 72.0%€107,514▼ 27.7%€99,064▼ 7.9%€98,104▼ 1.0%
Equity€330,192▲ 35.5%€333,267▲ 0.9%€252,615▼ 24.2%€351,679▲ 39.2%€449,783▲ 27.9%
Total assets€472,348▲ 15.4%€611,850▲ 29.5%€327,943▼ 46.4%€446,781▲ 36.2%€550,931▲ 23.3%
Debt€142,157▼ 14.1%€278,583▲ 96.0%€75,328▼ 73.0%€95,103▲ 26.3%€101,148▲ 6.4%
Working capital€323,546▲ 21.9%€317,724▼ 1.8%€208,531▼ 34.4%€335,421▲ 60.8%€419,125▲ 25.0%
Staff (FTE)2.1▼ 8.7%2▼ 4.8%2=2=1.9▼ 5.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €550,931
Fixed assets
€30,658 ▲ 88.6%
Current assets
€520,273 ▲ 20.8%
Equity and liabilities €550,931
Equity
€449,783 ▲ 27.9%
Debt
€101,148 ▲ 6.4%
Debt's share of the balance-sheet total falls from 21.3% to 18.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€151,932▲
2024 · €135,434
Cash flow
€102,143▼
2024 · €102,377
Current ratio
5.14▲
2024 · 4.53
Debt to equity
0.22▼
2024 · 0.27
ROE
21.8%▼
2024 · 28.2%
ROA
17.8%▼
2024 · 22.2%
Interest coverage
56.83▼
2024 · 94.23
Debt ≤ 1 year
€101,148▲
2024 · €95,103
Income taxes
€49,124▲
2024 · €36,242
Staff costs
€113,051▲
2024 · €108,358
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,715 | - | - | - |
| Remuneration, social security and pensions62 | €100,849 | €101,298 | €111,193 | €108,358 | €113,051 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,071 | €10,421 | €5,777 | €3,313 | €4,039 | ▲ 21.9% |
| Other operating charges640/8 | €1,190 | €1,659 | €2,436 | €4,290 | €1,361 | ▼ 68.3% |
| Non-recurring operating charges66A | - | - | €338 | €7,419 | - | - |
| Gross operating margin9900 | €229,112 | €311,607 | €264,892 | €255,500 | €266,344 | ▲ 4.2% |
| Operating profit (loss)9901 | €119,002 | €198,229 | €145,148 | €132,120 | €147,892 | ▲ 11.9% |
| Financial income75/76B | €1,452 | €287 | €698 | €4,623 | €2,009 | ▼ 56.5% |
| Recurring financial income75 | €1,452 | €287 | €698 | €4,623 | €2,009 | ▼ 56.5% |
| Financial charges65/66B | €3,733 | €2,319 | €1,850 | €1,437 | €2,674 | ▲ 86.0% |
| Recurring financial charges65 | €3,733 | €2,319 | €1,850 | €1,437 | €2,674 | ▲ 86.0% |
| Profit (loss) for the period before taxes9903 | €116,722 | €196,196 | €143,995 | €135,306 | €147,228 | ▲ 8.8% |
| Income taxes67/77 | €30,301 | €47,521 | €36,481 | €36,242 | €49,124 | ▲ 35.5% |
| Profit (loss) for the period9904 | €86,421 | €148,675 | €107,514 | €99,064 | €98,104 | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €86,421 | €148,675 | €107,514 | €99,064 | €98,104 | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €472,348 | €611,850 | €327,943 | €446,781 | €550,931 | ▲ 23.3% |
| Formation expenses20 | €5,610 | - | - | - | - | - |
| Fixed assets21/28 | €13,723 | €23,354 | €45,173 | €16,258 | €30,658 | ▲ 88.6% |
| Tangible fixed assets22/27 | €8,623 | €18,254 | €40,073 | €11,158 | €25,558 | ▲ 129% |
| Plant, machinery and equipment23 | €3,249 | €13,485 | €11,097 | €7,783 | €11,358 | ▲ 45.9% |
| Furniture and vehicles24 | €1,998 | €1,394 | €25,601 | - | €10,825 | - |
| Other tangible fixed assets26 | €3,375 | €3,375 | €3,375 | €3,375 | €3,375 | = |
| Financial fixed assets28 | €5,100 | €5,100 | €5,100 | €5,100 | €5,100 | = |
| Current assets29/58 | €453,015 | €588,496 | €282,770 | €430,523 | €520,273 | ▲ 20.8% |
| Amounts receivable within one year40/41 | €45,923 | €55,093 | €83,144 | €90,923 | €133,235 | ▲ 46.5% |
| Trade receivables40 | €45,726 | €46,614 | €71,517 | €80,671 | €88,892 | ▲ 10.2% |
| Other amounts receivable41 | €197 | €8,479 | €11,627 | €10,252 | €44,342 | ▲ 333% |
| Current investments50/53 | €194,350 | €230,768 | €60,573 | €8,000 | €52,065 | ▲ 551% |
| Cash at bank and in hand54/58 | €212,017 | €301,896 | €138,299 | €330,831 | €333,581 | ▲ 0.8% |
| Deferred charges and accrued income490/1 | €725 | €740 | €754 | €769 | €1,392 | ▲ 81.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €472,348 | €611,850 | €327,943 | €446,781 | €550,931 | ▲ 23.3% |
| Equity10/15 | €330,192 | €333,267 | €252,615 | €351,679 | €449,783 | ▲ 27.9% |
| Contributions10/11 | €54,800 | €54,800 | €3,916 | €3,916 | €3,916 | = |
| Reserves13 | €275,392 | €278,467 | €248,699 | €347,762 | €445,866 | ▲ 28.2% |
| Non-distributable reserves130/1 | €6,544 | €6,544 | €3,428 | €3,428 | €3,428 | = |
| Reserves not available under the articles1311 | €6,544 | €6,544 | €3,428 | €3,428 | €3,428 | = |
| Distributable reserves133 | €268,847 | €271,923 | €245,271 | €344,334 | €442,438 | ▲ 28.5% |
| Amounts payable17/49 | €142,157 | €278,583 | €75,328 | €95,103 | €101,148 | ▲ 6.4% |
| Amounts payable after more than one year17 | €12,687 | €5,410 | €1,089 | - | - | - |
| Financial debts170/4 | €12,687 | €5,410 | €1,089 | - | - | - |
| Amounts payable within one year42/48 | €129,469 | €270,772 | €74,239 | €95,103 | €101,148 | ▲ 6.4% |
| Current portion of amounts payable after more than one year42 | €36,433 | €16,961 | €4,322 | €1,089 | - | - |
| Financial debts43 | €20,846 | €44,760 | €12,552 | €20,833 | €20,960 | ▲ 0.6% |
| Other loans439 | €20,846 | €44,760 | €12,552 | €20,833 | €20,960 | ▲ 0.6% |
| Trade debts44 | €13,316 | €14,497 | €22,146 | €31,120 | €34,946 | ▲ 12.3% |
| Suppliers440/4 | €13,316 | €14,497 | €22,146 | €31,120 | €34,946 | ▲ 12.3% |
| Taxes, remuneration and social security45 | €51,251 | €41,211 | €35,129 | €41,943 | €43,944 | ▲ 4.8% |
| Taxes450/3 | €32,235 | €22,586 | €15,326 | €22,599 | €25,264 | ▲ 11.8% |
| Remuneration and social security454/9 | €19,017 | €18,626 | €19,803 | €19,344 | €18,680 | ▼ 3.4% |
| Other amounts payable47/48 | €7,623 | €153,343 | €91 | €118 | €1,298 | ▲ 998% |
| Accrued charges and deferred income492/3 | - | €2,400 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,421 | €148,675 | €107,514 | €99,064 | €98,104 | ▼ 1.0% |
| + Depreciation and write-downs630 | €8,071 | €10,421 | €5,777 | €3,313 | €4,039 | ▲ 21.9% |
| Operating cash flow (approximation) | €94,492 | €159,097 | €113,291 | €102,377 | €102,143 | ▼ 0.2% |
| Investment in fixed assets (approximation) | - | -€20,052 | -€27,596 | €25,601 | -€18,439 | ▼ 172% |
| Change in cash | - | €89,878 | -€163,596 | €192,532 | €2,750 | ▼ 98.6% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €148,675 ▲72%
Operating result €198,229, net result €148,675, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €71,990
Net result €71,990 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €243,771 ▲41.9%
Equity rises from €171,781 to €243,771.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Aalst · 1 establishment unit since 2013
Ground area
924 m²
Building footprint
189 m²
Volume, LiDAR
1,027 m³
Parcel 41304G0075/00E002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PDV
since 20132.217.657.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304G0075/00E002 | Flanders | 924 m² | 1 · 189 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2022 to 2025 · 4 entries · 905 EUR awarded · 905 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 239 EUR | 239 EUR |
| 2024 | 1 | 135 EUR | 135 EUR |
| 2023 | 1 | 135 EUR | 135 EUR |
| 2022 | 1 | 396 EUR | 396 EUR |
Similar companies · same sector, comparable size
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Bureau d'Expertise-Comptable DE MOSSENAU
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BEN PEETERS
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JMVDS ACCOUNTING
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Koksijde · Eq €449,077
Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 5,621 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
Founded22-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.