PEARL BALLOON
ActivePEARL BALLOON has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €10k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 1973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+28
Solvency47▲+5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 0.88 in 2024; short-term debt: 19.2% and cash: 7.1% of total assets), but 78.4% of the assets are financed with debt.
Credit advice for your own amount and term
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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
21.6%
Return on assets
2.7%
Age of the figures
9 mo
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 30-05-2026, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
62 d early
2024
31 d early
2023
30 d late
2022
31 d late
2021
81 d late
2020
58 d late
2019
3 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€76k▲ 14.5%
2024 · €67k
2018: €99k
2019: €110k
2020: €111k
2021: €150k
2022: €139k
2023: €129k
2024: €67k
2018 → 2025
Total assets
€354k▼ 9.9%
2024 · €393k
2018: €183k
2019: €226k
2020: €208k
2021: €235k
2022: €373k
2023: €419k
2024: €393k
2018 → 2025
Net result
€10k
2024 · €-62k
2018: €3k
2019: €11k
2020: €2k
2021: €39k
2022: €4k
2023: €-10k
2024: €-62k
2018 → 2025
Working capital
€75k
2024 · €-17k
2018: €54k
2019: €37k
2020: €39k
2021: €40k
2022: €84k
2023: €48k
2024: €-17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€150k-€139k▼ 7.2%€129k▼ 7.4%€67k▼ 48.2%€76k▲ 14.5%
Operating result€57k-€8k▼ 86.5%€-6k€-57k▼ 884%€15k
Net result€39k-€4k▼ 89.9%€-10k€-62k▼ 499%€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15k after a loss of €57k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354k
Fixed assets
€211k▼ 20.5%
Current assets
€143k▲ 12.3%
Equity and liabilities €354k
Equity
€76k▲ 14.5%
Debt
€277k▼ 14.9%
The debt ratio falls from 83.0% to 78.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▲
2024 · €28k
Cash flow
€87k▲
2024 · €23k
Solvency
21.6%▲
2024 · 17.0%
Current ratio
2.11▲
2024 · 0.88
Quick ratio
2.11▲
2024 · 0.88
Debt / equity
3.63▼
2024 · 4.88
ROE
12.7%▲
2024 · -92.9%
ROA
2.7%▲
2024 · -15.8%
Interest coverage
22.19▲
2024 · 5.27
Debt
€277k▼
2024 · €326k
Debt ≤ 1 year
€68k▼
2024 · €144k
Debt > 1 year
€88k▲
2024 · €12k
Income taxes
€968▲
2024 · €323
Staff costs
€-341▼
2024 · €324
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€393k€354k▼
Fixed assets21/28€265k€211k▼
Tangible fixed assets22/27€265k€211k▼
Plant, machinery and equipment23€225k€179k▼
Furniture and vehicles24€40k€32k▼
Financial fixed assets28€207€207=
Current assets29/58€127k€143k▲
Amounts receivable within one year40/41€107k€109k▲
Trade receivables40€94k€97k▲
Other amounts receivable41€13k€12k▼
Cash at bank and in hand54/58€11k€25k▲
Deferred charges and accrued income490/1€10k€9k▼
Equity and liabilities
Total equity and liabilities10/49€393k€354k▼
Equity10/15€67k€76k▲
Contributions10/11€6k€6k=
Reserves13€61k€70k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€59k€68k▲
Amounts payable17/49€326k€277k▼
Amounts payable after more than one year17€12k€88k▲
Financial debts170/4€12k€8k▼
Other amounts payable178/9-€80k
Amounts payable within one year42/48€144k€68k▼
Current portion of amounts payable after more than one year42€25k€15k▼
Financial debts43€17k€0▼
Credit institutions430/8€17k€0▼
Trade debts44€21k€44k▲
Suppliers440/4€21k€44k▲
Taxes, remuneration and social security45€635€3k▲
Taxes450/3€635€3k▲
Other amounts payable47/48€80k€6k▼
Accrued charges and deferred income492/3€170k€121k▼
Income statement
Code20242025
Remuneration, social security and pensions62€324€-341▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€77k▼
Other operating charges640/8€5k€6k▲
Gross operating margin9900€33k€98k▲
Operating profit (loss)9901€-57k€15k▲
Financial income75/76B€492€70▼
Recurring financial income75€492€70▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-62k€11k▲
Income taxes67/77€323€968▲
Profit (loss) for the period9904€-62k€10k▲
Profit (loss) for the period to be appropriated9905€-62k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-62k€10k▲
Transfer from equity791/2€62k€0▼
Transfer to equity691/2-€10k
To other reserves6921-€10k
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.11
Current ratio from 0.88 to 2.11; short-term debt falls from €144k to €68k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2021
31-12
Financial
Highest result since 2018net €39k ▲2153%
Operating result €57k, net result €39k, both a record.
31-12
Financial
Equity above €150kEq €150k ▲34.7%
4 profitable years in a row build equity to €150k.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €110k ▲10.7%
2 profitable years in a row build equity to €110k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Court-Saint-Etienne · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Sart 121490 Court-Saint-EtienneGround area
924 m²
Building footprint
94 m²
Volume, LiDAR
553 m³
Parcel 25023B0322/00F000, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PEARL BALLOON
since 19952.072.669.769
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023B0322/00F000 | Wallonia | 924 m² | 1 · 94 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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DS THEMING
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Knowing Productions
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KOZO
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Atelier Jonas
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Of 671 companies in sector 90392 we hold annual accounts for 206. 167 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-1995
Fiscal year end31-12
Activities, NACEBEL
62200Computer consultancy and computer facilities management
90022Arts creation and performing arts activities
90392Design and construction of stages and sets
51100Air transport
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.