PDV
ActiveSummary
PDV has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €46,744. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 86% of 5,763 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
2025 annual accounts filed late (3 days) Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00383265.
Turnover
€120,000
EBIT margin
46.2%
Net result
€46,744▼ 10.3%
2024 · €52,092
Working capital
€423,114▲ 9.0%
2024 · €388,346
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 2% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.02m
2025
Net result€0.05m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.1m
2025
Equity€1.9m
2025
Debt€0.07m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency89.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio6.67
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20192019202020212022202320242025
Turnover€0.1m-
Operating result€0.06m-€0.06m-€0.01m▼ 78.7%€0.09m▲ 655%€0.06m▼ 39.5%-€0.008m€0.02m€0.02m▼ 2.5%
Net result€0.07m-€0.07m-€0.02mwithin the sector's middle half▼ 77.0%€0.08mabove the sector's middle half▲ 352%€0.05mwithin the sector's middle half▼ 32.2%€0.02mwithin the sector's middle half▼ 52.0%€0.05mwithin the sector's middle half▲ 111%€0.05mwithin the sector's middle half▼ 10.3%
EBIT margin46.2%-
Equity€1.7m-€1.7m-€1.7mabove the sector's middle half▲ 1.0%€1.8mabove the sector's middle half▲ 4.4%€1.9mabove the sector's middle half▲ 2.9%€1.9mabove the sector's middle half▲ 1.3%€1.9mabove the sector's middle half▲ 0.6%€1.9mwithin the sector's middle half▲ 0.1%
Total assets€2.0m-€1.9m-€1.9mwithin the sector's middle half▼ 1.0%€1.9mabove the sector's middle half▼ 1.5%€2.0mwithin the sector's middle half▲ 5.8%€2.1mwithin the sector's middle half▲ 3.7%€2.1mwithin the sector's middle half▲ 1.3%€2.1mwithin the sector's middle half▲ 0.8%
Debt€0.3m-€0.2m-€0.1m▼ 40.6%€0.04m▼ 74.6%€0.09m▲ 161%€0.04m▼ 52.9%€0.06m▲ 35.6%€0.07m▲ 24.4%
Working capital-€0.1m--€0.04m-€0.09mwithin the sector's middle half€0.2mabove the sector's middle half▲ 115%€0.3mwithin the sector's middle half▲ 44.4%€0.4mwithin the sector's middle half▲ 66.5%€0.4mwithin the sector's middle half▼ 13.1%€0.4mwithin the sector's middle half▲ 9.0%
Solvency86.3%-87.8%-89.5%above the sector's middle half▲ 1.8pp94.9%above the sector's middle half▲ 5.4pp92.3%above the sector's middle half▼ 2.6pp90.2%above the sector's middle half▼ 2.1pp89.6%above the sector's middle half▼ 0.6pp89.0%above the sector's middle half▼ 0.6pp
Current ratio0.61-0.85-1.61within the sector's middle half▲ 0.766.17above the sector's middle half▲ 4.563.85above the sector's middle half▼ 2.3111.09above the sector's middle half▲ 7.247.47above the sector's middle half▼ 3.626.67above the sector's middle half▼ 0.80
Return on assets (ROA)3.4%-3.8%-0.9%within the sector's middle half▼ 2.9pp4.0%within the sector's middle half▲ 3.1pp2.6%within the sector's middle half▼ 1.4pp1.2%within the sector's middle half▼ 1.4pp2.5%within the sector's middle half▲ 1.3pp2.2%within the sector's middle half▼ 0.3pp
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.6m ▼ 2.0%
Current assets
€497,794 ▲ 11.0%
Equity and liabilities €2.1m
Equity
€1.9m ▲ 0.1%
Provisions
€160,000 =
Debt
€74,680 ▲ 24.4%
Debt's share of the balance-sheet total rises from 2.8% to 3.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,626▼
2024 · €67,163
Cash flow
€92,293▼
2024 · €97,641
Debt to equity
0.04▲
2024 · 0.03
ROE
2.5%▼
2024 · 2.8%
Interest coverage
54.46▼
2024 · 57.62
Debt ≤ 1 year
€74,680▲
2024 · €60,027
Income taxes
€635▼
2024 · €5,852
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €120,000 | - | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €3,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,549 | €34,162 | €45,549 | €45,549 | €45,549 | €45,549 | €45,549 | €45,549 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €100,000 | - | - | - |
| Other operating charges640/8 | - | - | - | €24,194 | €24,271 | €26,501 | €26,945 | €27,785 | ▲ 3.1% |
| Gross operating margin9900 | - | €114,660 | €156,127 | €162,969 | €126,181 | €163,966 | €94,109 | €94,412 | ▲ 0.3% |
| Operating profit (loss)9901 | €55,390 | €57,917 | €12,343 | €93,226 | €56,361 | -€8,084 | €21,614 | €21,077 | ▼ 2.5% |
| Financial income75/76B | - | - | - | €11,074 | €14,622 | €42,705 | €37,795 | €27,525 | ▼ 27.2% |
| Recurring financial income75 | €11,134 | €8,421 | €10,994 | €11,074 | €14,622 | €42,705 | €37,795 | €27,525 | ▼ 27.2% |
| Financial charges65/66B | - | - | - | €635 | €679 | €862 | €1,466 | €1,224 | ▼ 16.5% |
| Recurring financial charges65 | €162 | €216 | €418 | €635 | €679 | €862 | €1,166 | €1,224 | ▲ 5.0% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €300 | - | - |
| Profit (loss) for the period before taxes9903 | €66,362 | €73,210 | €22,918 | €103,664 | €70,303 | €33,759 | €57,944 | €47,379 | ▼ 18.2% |
| Income taxes67/77 | - | €49 | €6,110 | €27,665 | €18,762 | €9,016 | €5,852 | €635 | ▼ 89.2% |
| Profit (loss) for the period9904 | €66,362 | €73,160 | €16,809 | €75,999 | €51,541 | €24,743 | €52,092 | €46,744 | ▼ 10.3% |
| Profit (loss) for the period to be appropriated9905 | €66,362 | €73,160 | €16,809 | €75,999 | €51,541 | €24,743 | €52,092 | €46,744 | ▼ 10.3% |
| Line | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.0m | €1.9m | €1.9m | €1.9m | €2.0m | €2.1m | €2.1m | €2.1m | ▲ 0.8% |
| Fixed assets21/28 | €1.8m | €1.7m | €1.7m | €1.7m | €1.6m | €1.6m | €1.7m | €1.6m | ▼ 2.0% |
| Tangible fixed assets22/27 | €0.7m | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 10.8% |
| Land and buildings22 | - | - | - | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 10.8% |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | €1.3m | ▲ 1.0% |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 11.0% |
| Amounts receivable within one year40/41 | €0.1m | €0.07m | €0.01m | €0.2m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 11.5% |
| Trade receivables40 | - | - | - | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 11.8% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.05m | €0.05m | €0.01m | €0.01m | = |
| Cash at bank and in hand54/58 | €0.06m | €0.1m | €0.2m | €0.007m | €0.006m | €0.06m | €0.007m | €0.005m | ▼ 19.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.0m | €1.9m | €1.9m | €1.9m | €2.0m | €2.1m | €2.1m | €2.1m | ▲ 0.8% |
| Equity10/15 | €1.7m | €1.7m | €1.7m | €1.8m | €1.9m | €1.9m | €1.9m | €1.9m | ▲ 0.1% |
| Contributions10/11 | €0.07m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Capital10 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Issued capital100 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €1.6m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Legal reserve130 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | - | - | - | €0.08m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 1.1% |
| Provisions and deferred taxes16 | - | - | €0.06m | €0.06m | €0.06m | €0.2m | €0.2m | €0.2m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.06m | €0.06m | €0.2m | €0.2m | €0.2m | = |
| Major repairs and maintenance162 | - | - | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Other liabilities and charges164/5 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Amounts payable17/49 | €0.3m | €0.2m | €0.1m | €0.04m | €0.09m | €0.04m | €0.06m | €0.07m | ▲ 24.4% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.1m | €0.04m | €0.09m | €0.04m | €0.06m | €0.07m | ▲ 24.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.01m | €0.01m | - | - |
| Trade debts44 | €0.01m | €0.007m | €0.1m | €0.003m | €0.04m | €0.004m | €0.001m | €0.03m | ▲ 2,108% |
| Suppliers440/4 | - | - | - | €0.003m | €0.04m | €0.004m | €0.001m | €0.03m | ▲ 2,108% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.05m | €0.03m | €0.006m | €0.004m | ▼ 30.5% |
| Taxes450/3 | - | - | - | €0.03m | €0.05m | €0.03m | €0.006m | €0.004m | ▼ 30.5% |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.04m | €0.05m | ▲ 12.5% |
| Line | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,362 | €73,160 | €16,809 | €75,999 | €51,541 | €24,743 | €52,092 | €46,744 | ▼ 10.3% |
| + Depreciation and write-downs630 | €45,549 | €34,162 | €45,549 | €45,549 | €45,549 | €45,549 | €45,549 | €45,549 | = |
| Operating cash flow (approximation) | €111,911 | €107,322 | €62,358 | €121,548 | €97,090 | €70,292 | €97,641 | €92,293 | ▼ 5.5% |
| Investment in fixed assets (approximation) | - | - | €0 | -€22,067 | -€14,622 | €8,186 | -€116,046 | -€12,525 | ▲ 89.2% |
| Change in cash | - | - | €82,600 | -€209,852 | -€1,077 | €55,208 | -€54,520 | -€1,313 | ▲ 97.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 03-08-2026 | 2026-00383265 |
| 31-12-2024 | abbreviated format | 30-07-2025 | 2025-00333335 |
| 31-12-2023 | abbreviated format | 06-08-2024 | 2024-00331511 |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00162905 |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20246546 |
| 31-12-2020 | abbreviated format | 30-09-2021 | 2021-69600545 |
| 31-12-2019 | abbreviated format | 16-07-2020 | 2020-31100372 |
| 31-03-2019 | full format | 14-10-2019 | 2019-70100508 |
| 31-03-2018 | full format | 21-05-2019 | 2019-14100430 |
| 31-03-2017 | full format | 29-09-2017 | 2017-64900122 |
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Of the 587 active companies whose main activity is real estate activities (NACE 68204), figures are known for 319. 193 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.