Peopledriving
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 16 filings
Turnover
€2.4m▼ 5.6%
2024 · €2.5m
EBIT margin
12.3%▼ 11.8pp
2024 · 24.1%
Net result
€138,166▼ 67.3%
2024 · €422,523
Working capital
-€906,394▼ 14.6%
2024 · -€791,010
In the rankings
#4 company by total assets in Sint-Katelijne-Waver, Health and social work sector#6 company by staff growth in the province of Antwerp, Human health sector#6 company by equity in Sint-Katelijne-Waver, Health and social work sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€2.4m
▼ 5.6%
2025
20182025
Operating result
€290,039
▼ 51.8%
2025
20182025
Net result
€138,166
▼ 67.3%
2025
middle half of the sector
20182025
EBIT margin
12.3%
▼ 11.8pp
2025
20182025
Equity
€1.8m
▲ 8.5%
2025
highest quarter of the sector
20182025
Total assets
€6.4m
▲ 2.1%
2025
highest quarter of the sector
20182025
Debt
€4.7m
▼ 0.1%
2025
20182025
Working capital
-€906,394
▼ 14.6%
2025
lowest quarter of the sector
20182025
Solvency
27.5%
▲ 1.6pp
2025
middle half of the sector
20182025
Current ratio
0.32
▼ 0.06
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
2.1%
▼ 4.5pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
17.4
▼ 2.2%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.7m-€1.8m▲ 7.6%€0.6m▼ 64.4%€0.8m▲ 18.3%€2.1m▲ 177%€2.3m▲ 9.8%€2.5m▲ 9.1%€2.4m▼ 5.6%
Operating result€0.2m-€0.1m▼ 38.2%€0.02m▼ 80.0%€0.1m▲ 441%€0.6m▲ 356%€0.2m▼ 56.3%€0.6m▲ 144%€0.3m▼ 51.8%
Net result€0.1m-€0.09m▼ 29.9%€0.001mbelow the sector's middle half▼ 99.2%€0.1mwithin the sector's middle half▲ 148×€0.4mabove the sector's middle half▲ 315%€0.2mwithin the sector's middle half▼ 60.8%€0.4mabove the sector's middle half▲ 145%€0.1mwithin the sector's middle half▼ 67.3%
EBIT margin11.2%-6.4%▼ 4.8pp3.6%▼ 2.8pp16.5%▲ 12.9pp27.0%▲ 10.6pp10.8%▼ 16.3pp24.1%▲ 13.3pp12.3%▼ 11.8pp
Equity€0.4m-€0.5m▲ 22.1%€0.5mwithin the sector's middle half▲ 0.1%€0.6mwithin the sector's middle half▲ 21.5%€1.0mwithin the sector's middle half▲ 73.6%€1.2mwithin the sector's middle half▲ 16.6%€1.6mabove the sector's middle half▲ 34.9%€1.8mabove the sector's middle half▲ 8.5%
Total assets€2.2m-€2.3m▲ 2.5%€2.4mabove the sector's middle half▲ 5.2%€2.4mabove the sector's middle half▼ 0.8%€3.2mabove the sector's middle half▲ 36.5%€4.3mabove the sector's middle half▲ 33.2%€6.3mabove the sector's middle half▲ 46.5%€6.4mabove the sector's middle half▲ 2.1%
Debt€1.8m-€1.8m▼ 1.9%€1.9m▲ 6.6%€1.8m▼ 6.6%€2.2m▲ 24.0%€3.1m▲ 41.1%€4.7m▲ 51.0%€4.7m▼ 0.1%
Working capital-€0.2m--€0.1m▲ 44.1%-€0.2mbelow the sector's middle half▼ 104%-€0.1mbelow the sector's middle half▲ 50.0%€0.3mwithin the sector's middle half€0.09mwithin the sector's middle half▼ 65.3%-€0.8mbelow the sector's middle half-€0.9mbelow the sector's middle half▼ 14.6%
Solvency18.2%-21.6%▲ 3.5pp20.6%below the sector's middle half▼ 1.0pp25.2%below the sector's middle half▲ 4.6pp32.1%below the sector's middle half▲ 6.9pp28.1%below the sector's middle half▼ 4.0pp25.9%below the sector's middle half▼ 2.2pp27.5%within the sector's middle half▲ 1.6pp
Current ratio0.64-0.73▲ 0.090.49below the sector's middle half▼ 0.240.73below the sector's middle half▲ 0.241.45within the sector's middle half▲ 0.721.13below the sector's middle half▼ 0.320.38below the sector's middle half▼ 0.750.32below the sector's middle half▼ 0.06
Return on assets (ROA)5.7%-3.9%▼ 1.8pp0.0%below the sector's middle half▼ 3.9pp4.5%within the sector's middle half▲ 4.4pp13.6%within the sector's middle half▲ 9.1pp4.0%below the sector's middle half▼ 9.6pp6.7%within the sector's middle half▲ 2.7pp2.1%below the sector's middle half▼ 4.5pp
Staff (FTE)16.6-18.2▲ 9.6%15.6above the sector's middle half▼ 14.3%10.3within the sector's middle half▼ 34.0%13.1above the sector's middle half▲ 27.2%18.4above the sector's middle half▲ 40.5%17.8above the sector's middle half▼ 3.3%17.4above the sector's middle half▼ 2.2%
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 52% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.4m
Fixed assets
€6.0m ▲ 3.2%
Current assets
€420,787 ▼ 11.9%
Equity and liabilities €6.4m
Equity
€1.8m ▲ 8.5%
Debt
€4.7m ▼ 0.1%
Debt's share of the balance-sheet total falls from 74.1% to 72.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€796,662▼
2024 · €1.1m
Cash flow
€644,789▼
2024 · €883,986
Debt to equity
2.64▼
2024 · 2.87
ROE
7.8%▼
2024 · 25.9%
Interest coverage
4.85▼
2024 · 8.46
Debt ≤ 1 year
€1.3m▲
2024 · €1.3m
Debt > 1 year
€3.3m▼
2024 · €3.4m
Income taxes
€56,468▼
2024 · €123,001
Customer credit
54 days▲
2024 · 39 days
Supplier credit
148 days▲
2024 · 123 days
Staff costs
€717,410▼
2024 · €750,656
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 16 | 18 | 19 | 16 |
| full-time | 9 | 14 | 14 | 16 | 16 |
| part-time | 2 | 2 | 4 | 3 | - |
| in full-time equivalents | 10.3 | 15.3 | 16.3 | 17.8 | 16 |
| Average over the year, in full-time equivalents | 10.3 | 13.1 | 18.4 | 17.8 | 17.4 |
| On a permanent contract | 11 | 15 | 18 | 19 | 15 |
| Joined | 0 | 11 | 12 | 8 | 8 |
| Left | 3 | 6 | 10 | 7 | 11 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.2m | €1.3m | €2.0m | - | - |
| Mortgages, amount registered | €1.0m | €1.3m | €1.1m | €3.6m | €4.4m |
| Carrying value of the mortgaged assets | €1.1m | €1.1m | €1.7m | €3.3m | €4.0m |
| Mandates to pledge the business | - | - | €148,048 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €100,454 | €526,359 | €1.5m | €2.8m | €803,818 |
| Intangible fixed assets | €4,000 | - | - | €4,369 | - |
| Depreciation and write-downs of the year | €204,349 | €153,385 | €316,018 | €461,463 | €506,623 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.7m | €1.8m | €0.6m | €0.8m | €2.1m | €2.3m | €2.5m | €2.4m | ▼ 5.6% |
| Non-recurring operating income76A | - | - | - | €0.009m | €0.08m | €0.02m | €0.06m | €0.07m | ▲ 20.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.3m | €1.0m | €1.0m | €1.2m | €1.1m | ▼ 4.5% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.5m | €0.7m | €0.8m | €0.7m | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €0.5m | ▲ 9.8% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.05m | €0.05m | €0.07m | €0.05m | ▼ 25.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.005m | €0.01m | ▲ 127% |
| Gross operating margin9900 | €1.0m | €1.0m | €0.5m | €0.5m | €1.2m | €1.3m | €1.9m | €1.6m | ▼ 16.5% |
| Operating profit (loss)9901 | €0.2m | €0.1m | €0.02m | €0.1m | €0.6m | €0.2m | €0.6m | €0.3m | ▼ 51.8% |
| Financial income75/76B | - | - | - | €0.02m | €0.01m | €0.04m | €0.07m | €0.07m | ▼ 0.5% |
| Recurring financial income75 | €0.03m | €0.01m | €0.01m | €0.02m | €0.01m | €0.03m | €0.07m | €0.07m | ▼ 0.5% |
| Non-recurring financial income76B | - | - | - | - | - | €0.01m | - | - | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.04m | €0.07m | €0.1m | €0.2m | ▲ 30.6% |
| Recurring financial charges65 | €0.03m | €0.03m | €0.03m | €0.03m | €0.04m | €0.07m | €0.1m | €0.2m | ▲ 30.6% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.09m | €0.006m | €0.1m | €0.5m | €0.2m | €0.5m | €0.2m | ▼ 64.3% |
| Income taxes67/77 | €0.06m | €0.005m | €0.005m | €0.003m | €0.1m | €0.04m | €0.1m | €0.06m | ▼ 54.1% |
| Profit (loss) for the period9904 | €0.1m | €0.09m | €0.001m | €0.1m | €0.4m | €0.2m | €0.4m | €0.1m | ▼ 67.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.03m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.09m | €0.04m | €0.1m | €0.4m | €0.2m | €0.4m | €0.1m | ▼ 67.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.3m | €2.4m | €2.4m | €3.2m | €4.3m | €6.3m | €6.4m | ▲ 2.1% |
| Fixed assets21/28 | €1.8m | €1.9m | €2.2m | €2.0m | €2.4m | €3.5m | €5.8m | €6.0m | ▲ 3.2% |
| Intangible fixed assets21 | - | - | - | €0.004m | €0.004m | €0.003m | €0.007m | €0.006m | ▼ 18.0% |
| Tangible fixed assets22/27 | €1.6m | €1.7m | €1.4m | €1.3m | €1.7m | €2.8m | €5.1m | €5.3m | ▲ 3.7% |
| Land and buildings22 | - | - | - | €1.1m | €1.1m | €1.7m | €3.3m | €4.0m | ▲ 21.7% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.006m | €0.007m | €0.009m | €0.009m | ▼ 0.8% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.008m | €0.01m | €0.01m | €0.01m | ▼ 13.9% |
| Leasing and similar rights25 | - | - | - | €0.2m | €0.6m | €1.1m | €1.4m | €1.3m | ▼ 8.0% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €0.4m | - | - |
| Financial fixed assets28 | €0.3m | €0.3m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Current assets29/58 | €0.4m | €0.3m | €0.2m | €0.3m | €0.8m | €0.8m | €0.5m | €0.4m | ▼ 11.9% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | €0.4m | €0.4m | ▼ 6.6% |
| Trade receivables40 | - | - | - | €0.1m | €0.3m | €0.1m | €0.3m | €0.3m | ▲ 28.5% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.03m | €0.1m | €0.01m | ▼ 90.0% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.1m | €0.07m | €0.3m | €0.2m | €0.03m | €0.004m | ▼ 86.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.3m | €0.4m | €0.07m | €0.06m | ▼ 12.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.4m | €2.4m | €3.2m | €4.3m | €6.3m | €6.4m | ▲ 2.1% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | €0.6m | €1.0m | €1.2m | €1.6m | €1.8m | ▲ 8.5% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Profit (loss) carried forward14 | €0.3m | €0.4m | €0.4m | €0.5m | €0.9m | €1.1m | €1.5m | €1.6m | ▲ 9.2% |
| Amounts payable17/49 | €1.8m | €1.8m | €1.9m | €1.8m | €2.2m | €3.1m | €4.7m | €4.7m | ▼ 0.1% |
| Amounts payable after more than one year17 | €1.2m | €1.3m | €1.4m | €1.2m | €1.3m | €2.0m | €3.4m | €3.3m | ▼ 1.9% |
| Financial debts170/4 | - | - | - | €1.2m | €1.3m | €2.0m | €3.4m | €3.3m | ▼ 2.0% |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €0.003m | - |
| Amounts payable within one year42/48 | €0.6m | €0.4m | €0.5m | €0.5m | €0.6m | €0.7m | €1.3m | €1.3m | ▲ 4.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.3m | €0.5m | €0.8m | €0.7m | ▼ 6.3% |
| Financial debts43 | - | - | - | - | - | - | - | €0.05m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.05m | - |
| Trade debts44 | €0.1m | €0.08m | €0.02m | €0.04m | €0.1m | €0.06m | €0.4m | €0.4m | ▲ 14.9% |
| Suppliers440/4 | - | - | - | €0.04m | €0.1m | €0.06m | €0.4m | €0.4m | ▲ 14.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.1m | €0.2m | €0.1m | €0.1m | ▲ 2.3% |
| Taxes450/3 | - | - | - | €0.008m | €0.1m | €0.1m | €0.05m | €0.07m | ▲ 26.4% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.02m | €0.02m | €0.05m | €0.04m | ▼ 22.1% |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.04m | €0.006m | €0.002m | €428 | ▼ 76.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.3m | €0.4m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.09m | €0.001m | €0.1m | €0.4m | €0.2m | €0.4m | €0.1m | ▼ 67.3% |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €0.5m | ▲ 9.8% |
| Operating cash flow (approximation) | €0.4m | €0.4m | €0.2m | €0.3m | €0.6m | €0.5m | €0.9m | €0.6m | ▼ 27.1% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€0.4m | -€0.09m | -€0.5m | -€1.4m | -€2.8m | -€0.7m | ▲ 74.9% |
| Change in cash | - | €0.03m | -€0.1m | -€0.05m | €0.2m | -€0.1m | -€0.1m | -€0.02m | ▲ 83.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,107 companies had the same profile as Peopledriving has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
98.0%
was still going
0.9%
stopped otherwise
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Peopledriving itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for Peopledriving. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-07-2026 | 2026-00326818 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00336720 | |
| 31-12-2023 | abbreviated format | 30-07-2024 | 2024-00301369 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00292475 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20245297 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-42600125 | |
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-35100467 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-40600571 | |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-39200536 | |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-37700174 |