PENDULUM CARE
ActiveSummary
PENDULUM CARE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €764,519 and a net result of €44,643. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-23
Solvency93▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.68 in 2024; short-term debt: 27.1% and cash: 0% of total assets), and 31.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 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 · 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
68.1%
Return on assets
4%
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
61 d late
2023
on the day
2022
16 d early
2021
4 d early
2020
on the day
2019
on the day
← 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 9 days after 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€764,519▲ 6.2%
2024 · €719,876
Total assets
€1.1m▲ 7.2%
2024 · €1.0m
Net result
€44,643▼ 80.8%
2024 · €232,824
Working capital
-€19,537▲ 75.3%
2024 · -€79,076
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,933€18,479€10,863▼ 41.2%€44,427▲ 309%€73,485▲ 65.4%
Net result-€21,722below the sector's middle half€12,800within the sector's middle half€3,723below the sector's middle half▼ 70.9%€232,824above the sector's middle half▲ 6,154%€44,643within the sector's middle half▼ 80.8%
Equity€472,130within the sector's middle half▼ 4.4%€484,929within the sector's middle half▲ 2.7%€487,052within the sector's middle half▲ 0.4%€719,876above the sector's middle half▲ 47.8%€764,519above the sector's middle half▲ 6.2%
Total assets€628,135within the sector's middle half▼ 0.6%€613,715within the sector's middle half▼ 2.3%€699,590within the sector's middle half▲ 14.0%€1.0mabove the sector's middle half▲ 49.6%€1.1mabove the sector's middle half▲ 7.2%
Debt€156,005▲ 12.8%€128,785▼ 17.4%€212,538▲ 65.0%€326,573▲ 53.7%€357,664▲ 9.5%
Working capital-€74,765within the sector's middle half▼ 6.6%-€66,812within the sector's middle half▲ 10.6%-€11,804within the sector's middle half▲ 82.3%-€79,076below the sector's middle half▼ 570%-€19,537below the sector's middle half▲ 75.3%
Solvency75.2%within the sector's middle half▼ 3.0pp79.0%above the sector's middle half▲ 3.9pp69.6%within the sector's middle half▼ 9.4pp68.8%within the sector's middle half▼ 0.8pp68.1%within the sector's middle half▼ 0.7pp
Current ratio0.16below the sector's middle half▼ 0.030.16below the sector's middle half=0.89within the sector's middle half▲ 0.730.68below the sector's middle half▼ 0.210.94below the sector's middle half▲ 0.25
Return on assets (ROA)-3.5%below the sector's middle half▼ 7.5pp2.1%within the sector's middle half▲ 5.5pp0.5%within the sector's middle half▼ 1.6pp22.2%within the sector's middle half▲ 21.7pp4.0%within the sector's middle half▼ 18.3pp
Staff (FTE)0.9
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -81% on 2024. The previous fiscal year ran 15 months, this one 12.
- 2024 Net result +6,154% on 2023. This fiscal year ran 15 months, the previous one 12. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€837,700 ▼ 4.4%
Current assets
€284,484 ▲ 67.5%
Equity and liabilities €1.1m
Equity
€764,519 ▲ 6.2%
Debt
€357,664 ▲ 9.5%
Debt's share of the balance-sheet total rises from 31.2% to 31.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112,028▲
2024 · €59,045
Cash flow
€83,185▼
2024 · €247,443
Quick ratio
0.45▼
2024 · 0.68
Debt to equity
0.47▲
2024 · 0.45
ROE
5.8%▼
2024 · 32.3%
Interest coverage
9.64▲
2024 · 6.97
Debt ≤ 1 year
€304,020▲
2024 · €248,944
Debt > 1 year
€53,644▼
2024 · €77,629
Income taxes
€19,977▼
2024 · €33,225
Staff costs
€38,590▼
2024 · €39,897
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 | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €0 | - | - | €39,897 | €38,590 | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,343 | €35,765 | €7,944 | €14,619 | €38,543 | ▲ 164% |
| Other operating charges640/8 | €1,931 | €3,127 | €2,322 | €4,306 | €7,535 | ▲ 75.0% |
| Non-recurring operating charges66A | - | - | - | €3,334 | €339 | ▼ 89.8% |
| Gross operating margin9900 | €11,341 | €57,371 | €21,130 | €106,582 | €158,492 | ▲ 48.7% |
| Operating profit (loss)9901 | -€17,933 | €18,479 | €10,863 | €44,427 | €73,485 | ▲ 65.4% |
| Financial income75/76B | €0 | €0 | €0 | €230,092 | €2,759 | ▼ 98.8% |
| Recurring financial income75 | €0 | €0 | €0 | €374 | €2,759 | ▲ 639% |
| Non-recurring financial income76B | - | - | - | €229,719 | €0 | ▼ 100% |
| Financial charges65/66B | €3,506 | €3,308 | €3,793 | €8,470 | €11,624 | ▲ 37.2% |
| Recurring financial charges65 | €3,506 | €3,308 | €3,793 | €8,470 | €11,624 | ▲ 37.2% |
| Profit (loss) for the period before taxes9903 | -€21,440 | €15,171 | €7,071 | €266,049 | €64,620 | ▼ 75.7% |
| Income taxes67/77 | €283 | €2,371 | €3,348 | €33,225 | €19,977 | ▼ 39.9% |
| Profit (loss) for the period9904 | -€21,722 | €12,800 | €3,723 | €232,824 | €44,643 | ▼ 80.8% |
| Profit (loss) for the period to be appropriated9905 | -€21,722 | €12,800 | €3,723 | €232,824 | €44,643 | ▼ 80.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €628,135 | €613,715 | €699,590 | €1.0m | €1.1m | ▲ 7.2% |
| Fixed assets21/28 | €613,755 | €600,883 | €602,093 | €876,581 | €837,700 | ▼ 4.4% |
| Intangible fixed assets21 | - | - | - | €118,363 | €94,678 | ▼ 20.0% |
| Tangible fixed assets22/27 | €177,496 | €164,625 | €165,835 | €159,991 | €144,795 | ▼ 9.5% |
| Land and buildings22 | €54,819 | €64,397 | €57,997 | €52,356 | €52,570 | ▲ 0.4% |
| Plant, machinery and equipment23 | €1,520 | €613 | €794 | €339 | €0 | ▼ 100% |
| Furniture and vehicles24 | €4,678 | €1,326 | €1,635 | €1,399 | €470 | ▼ 66.4% |
| Leasing and similar rights25 | €116,480 | €98,290 | €98,290 | €92,805 | €85,525 | ▼ 7.8% |
| Other tangible fixed assets26 | - | - | €7,118 | €13,092 | €6,231 | ▼ 52.4% |
| Financial fixed assets28 | €436,258 | €436,258 | €436,258 | €598,227 | €598,227 | = |
| Current assets29/58 | €14,380 | €12,831 | €97,497 | €169,868 | €284,484 | ▲ 67.5% |
| Stocks and contracts in progress3 | - | - | - | - | €146,290 | - |
| Stocks30/36 | - | - | - | - | €146,290 | - |
| Amounts receivable within one year40/41 | €11,823 | €11,843 | €32,793 | €164,982 | €133,764 | ▼ 18.9% |
| Trade receivables40 | €0 | - | €10,724 | €82,338 | €61,020 | ▼ 25.9% |
| Other amounts receivable41 | €11,823 | €11,843 | €22,069 | €82,645 | €72,745 | ▼ 12.0% |
| Cash at bank and in hand54/58 | €1,820 | €0 | €63,219 | €658 | €163 | ▼ 75.2% |
| Deferred charges and accrued income490/1 | €738 | €988 | €1,485 | €4,227 | €4,266 | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €628,135 | €613,715 | €699,590 | €1.0m | €1.1m | ▲ 7.2% |
| Equity10/15 | €472,130 | €484,929 | €487,052 | €719,876 | €764,519 | ▲ 6.2% |
| Contributions10/11 | €286,000 | €286,000 | €286,000 | €286,000 | €286,000 | = |
| Reserves13 | €186,130 | €198,929 | €201,052 | €433,876 | €478,519 | ▲ 10.3% |
| Non-distributable reserves130/1 | €28,600 | €28,600 | €28,600 | €0 | - | - |
| Reserves not available under the articles1311 | €28,600 | €28,600 | €28,600 | €0 | - | - |
| Distributable reserves133 | €157,530 | €170,329 | €172,452 | €433,876 | €478,519 | ▲ 10.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €156,005 | €128,785 | €212,538 | €326,573 | €357,664 | ▲ 9.5% |
| Amounts payable after more than one year17 | €66,860 | €49,142 | €103,238 | €77,629 | €53,644 | ▼ 30.9% |
| Financial debts170/4 | €66,860 | €49,142 | €103,238 | €77,629 | €53,644 | ▼ 30.9% |
| Amounts payable within one year42/48 | €89,145 | €79,644 | €109,301 | €248,944 | €304,020 | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | €27,150 | €17,863 | €40,904 | €29,238 | €23,985 | ▼ 18.0% |
| Financial debts43 | €5,020 | €8,329 | €7,367 | €33,651 | €91,420 | ▲ 172% |
| Credit institutions430/8 | €5,020 | €7,316 | €7,367 | €33,651 | €3,544 | ▼ 89.5% |
| Other loans439 | - | €1,013 | €0 | - | €87,876 | - |
| Trade debts44 | €20,012 | €13,385 | €31,678 | €142,159 | €142,969 | ▲ 0.6% |
| Suppliers440/4 | €20,012 | €13,385 | €31,678 | €142,159 | €142,969 | ▲ 0.6% |
| Taxes, remuneration and social security45 | €8,228 | €8,011 | €4,325 | €24,975 | €34,647 | ▲ 38.7% |
| Taxes450/3 | €4,491 | €4,274 | €1,825 | €19,620 | €29,862 | ▲ 52.2% |
| Remuneration and social security454/9 | €3,737 | €3,737 | €2,500 | €5,355 | €4,785 | ▼ 10.7% |
| Other amounts payable47/48 | €28,735 | €32,056 | €25,028 | €18,922 | €11,000 | ▼ 41.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,722 | €12,800 | €3,723 | €232,824 | €44,643 | ▼ 80.8% |
| + Depreciation and write-downs630 | €27,343 | €35,765 | €7,944 | €14,619 | €38,543 | ▲ 164% |
| Operating cash flow (approximation) | €5,621 | €48,565 | €11,667 | €247,443 | €83,185 | ▼ 66.4% |
| Investment in fixed assets (approximation) | - | -€22,894 | -€9,154 | -€289,107 | €339 | ▲ 100% |
| Change in cash | - | -€1,820 | €63,219 | -€62,561 | -€495 | ▲ 99.2% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
07-08
State Gazette act
Capital & shares · RestructuringDemerger · Accounting effect · Asset distribution12 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Accounting effect · Asset distribution12 facts ▸
- General meeting, 17-07-2026
- Demerger, partiele splitsing, definitieve verwezenlijking
- Accounting effect, 01-01-2026
- Asset distribution, eigendomsoverdracht, delen van de activa en passiva van het vermogen
- Capital decrease, €279.446,71
- Reserve release, 10964.58, 467554.34
- Share cancellation, afsplitting van activa- en passivabestanddelen
- Statutes amendment
- Other statement, financieel plan, artikel 12:74 juncto 5:4 WVV
- Name change, PENDULUM CARE
- Power of attorney
- Shareholding, artikel 2:14, 4° WVV
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €232,824 ▲6,154%
Net result €232,824, the highest in the series.
31-12
Financial
Equity above €500,000Eq €719,876 ▲47.8%
3 profitable years in a row build equity to €719,876.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €12,800
Net result €12,800 after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet -€21,722
Net result drops to -€21,722, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2009
Ground area
1,907 m²
Building footprint
133 m²
Volume, LiDAR
694 m³
Parcel 33026B0106/00H003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Brielenstraat 60, 8908 Ieper
since 20092.175.690.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33026B0106/00H003 | Flanders | 1,907 m² | 1 · 133 m² | 8.5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2023 list no shareholders, and no other source names one.
Holdings 1
-
66.67%
According to the annual accounts to 30-09-2023 of PENDULUM CARE 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
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:DID
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 07-08-2026 ↗
- enige aandeelhouder all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 07-08-2026 Capital reduction of 279,446.71 EUR · to 6,553.29 EUR
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 22,091 EUR awarded · 22,091 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 9,520 EUR |
| 2024 | 2 | 3,051 EUR | 3,051 EUR |
| 2023 | 1 | 19,040 EUR | 9,520 EUR |
Similar companies · same sector, comparable size
IMCA
BE 0412.682.441
Assenede · Eq €764,511
VAN NOOTEN EDDY
BE 0885.349.088
Ravels · Eq €764,448
M.O.N.A.
BE 0533.779.716
Verviers · Eq €764,622
PROMANIS
BE 0475.899.123
Peer · Eq €764,703
Logenuity
BE 0808.208.453
Antwerpen · Eq €764,325
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 30,727 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
Founded07-01-2009
Fiscal year end31-12
Legal name NL
PENDULUM DID
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808884879
Also
9925:BE0808884879
Registered
19-09-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.