PFS GROUP
ActiveSummary
PFS GROUP has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56.5m and a net result of €18.2m. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 3243 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability50▲+3
Solvency97▲+1
Growth72▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700,000 at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.58 in 2023; short-term debt: 25.2% and cash: 0.1% of total assets), and 28.1% of the assets are financed with debt.
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Signals
Five 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
71.9%
Return on assets
23.1%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
6 d early
2023
9 d early
2022
26 d early
2021
26 d early
2020
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 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. Usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€7.4m▲ 11.4%
2023 · €6.7m
EBIT margin
3.8%▲ 1.6pp
2023 · 2.3%
Net result
€18.2m▲ 112%
2023 · €8.6m
Working capital
-€12.2m▼ 167%
2023 · -€4.6m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Turnover€5.2m▲ 3.6%€6.0m▲ 16.0%€6.2m▲ 3.4%€6.7m▲ 7.4%€7.4m-
Operating result€786,513▼ 11.6%€965,823▲ 22.8%€198,672▼ 79.4%€151,675▼ 23.7%€285,151-
Net result€7.8mabove the sector's middle half▼ 56.5%€4.8mabove the sector's middle half▼ 38.9%€3.0mabove the sector's middle half▼ 37.4%€8.6mabove the sector's middle half▲ 186%€18.2mabove the sector's middle half-
EBIT margin15.2%▼ 2.6pp16.1%▲ 0.9pp3.2%▼ 12.9pp2.3%▼ 0.9pp3.8%-
Equity€25.7mabove the sector's middle half▲ 37.4%€26.1mabove the sector's middle half▲ 1.8%€27.9mabove the sector's middle half▲ 6.7%€33.4mabove the sector's middle half▲ 19.9%€56.5mabove the sector's middle half-
Total assets€35.9mabove the sector's middle half▼ 20.8%€36.5mabove the sector's middle half▲ 1.7%€40.2mabove the sector's middle half▲ 10.1%€46.8mabove the sector's middle half▲ 16.6%€78.6mabove the sector's middle half-
Debt€10.2m▼ 61.7%€10.3m▲ 1.3%€12.3m▲ 18.8%€13.4m▲ 9.3%€22.1m-
Working capital-€3.2mbelow the sector's middle half▼ 89.0%-€3.7mbelow the sector's middle half▼ 14.7%-€1.6mbelow the sector's middle half▲ 55.8%-€4.6mbelow the sector's middle half▼ 179%-€12.2mbelow the sector's middle half-
Solvency71.5%within the sector's middle half▲ 30.3pp71.6%within the sector's middle half▲ 0.1pp69.4%within the sector's middle half▼ 2.2pp71.3%within the sector's middle half▲ 1.9pp71.9%within the sector's middle half-
Current ratio0.40below the sector's middle half▼ 0.470.42below the sector's middle half▲ 0.020.82within the sector's middle half▲ 0.400.58within the sector's middle half▼ 0.240.38below the sector's middle half-
Return on assets (ROA)21.8%above the sector's middle half▼ 17.9pp13.1%above the sector's middle half▼ 8.7pp7.5%within the sector's middle half▼ 5.7pp18.3%above the sector's middle half▲ 10.9pp23.1%above the sector's middle half-
Staff (FTE)40.2above the sector's middle half▲ 7.2%45.1above the sector's middle half▲ 12.2%46.1above the sector's middle half▲ 2.2%45.5above the sector's middle half▼ 1.3%51above the sector's middle half-
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.
Result per fiscal year
Operating resultNet result
The operating result is €285,151 in 2025, compared with €151,675 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €78.6m
Fixed assets
€71.0m ▲ 75.6%
Current assets
€7.5m ▲ 17.9%
Equity and liabilities €78.6m
Equity
€56.5m ▲ 69.0%
Debt
€22.1m ▲ 64.5%
Debt's share of the balance-sheet total falls from 28.7% to 28.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€559,887▲
2023 · €360,624
Cash flow
€18.5m▲
2023 · €8.8m
Debt to equity
0.39▼
2023 · 0.40
ROE
32.2%▲
2023 · 25.7%
Interest coverage
0.27▼
2023 · 1.01
Debt ≤ 1 year
€19.8m▲
2023 · €11.0m
Debt > 1 year
€331,722▼
2023 · €2.4m
Income taxes
€7,726▼
2023 · €27,792
Staff costs
€4.8m▲
2023 · €4.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €6.1m | €6.3m | €6.9m | €8.2m | - |
| Turnover70 | €5.2m | €6.0m | €6.2m | €6.7m | €7.4m | - |
| Other operating income74 | - | €89,932 | €69,014 | €217,186 | €131,253 | - |
| Non-recurring operating income76A | - | €44,014 | €41,046 | €9,750 | €625,711 | - |
| Operating charges60/66A | - | €5.2m | €6.1m | €6.7m | €7.9m | - |
| Services and other goods61 | - | €1.5m | €2.0m | €2.2m | €2.8m | - |
| Remuneration, social security and pensions62 | - | €3.5m | €3.9m | €4.3m | €4.8m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €112,359 | €140,845 | €167,344 | €208,948 | €274,736 | - |
| Other operating charges640/8 | - | €10,689 | €8,236 | €8,735 | €23,329 | - |
| Non-recurring operating charges66A | - | €0 | - | €22,986 | €181 | - |
| Operating profit (loss)9901 | €786,513 | €965,823 | €198,672 | €151,675 | €285,151 | - |
| Financial income75/76B | - | €4.2m | €4.5m | €8.8m | €20.0m | - |
| Recurring financial income75 | €7.5m | €4.2m | €4.5m | €8.8m | €20.0m | - |
| Income from financial fixed assets750 | - | €4.2m | €4.4m | €8.6m | €19.6m | - |
| Income from current assets751 | - | - | - | - | €94,049 | - |
| Other financial income752/9 | - | €15,431 | €96,474 | €274,008 | €324,631 | - |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €116,841 | €1.8m | €366,921 | €2.1m | - |
| Recurring financial charges65 | €257,265 | €116,841 | €132,243 | €366,921 | €2.1m | - |
| Debt charges650 | €250,474 | €107,921 | €122,789 | €356,634 | €2.1m | - |
| Other financial charges652/9 | - | €8,919 | €9,453 | €10,287 | €5,304 | - |
| Non-recurring financial charges66B | - | - | €1.7m | €0 | €0 | - |
| Profit (loss) for the period before taxes9903 | €8.0m | €5.1m | €2.9m | €8.6m | €18.2m | - |
| Income taxes67/77 | €190,963 | €295,204 | -€89,986 | €27,792 | €7,726 | - |
| Taxes670/3 | - | €295,204 | €0 | €27,792 | €7,726 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | €89,986 | €0 | €0 | - |
| Profit (loss) for the period9904 | €7.8m | €4.8m | €3.0m | €8.6m | €18.2m | - |
| Profit (loss) for the period to be appropriated9905 | €7.8m | €4.8m | €3.0m | €8.6m | €18.2m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35.9m | €36.5m | €40.2m | €46.8m | €78.6m | - |
| Fixed assets21/28 | €33.7m | €33.8m | €32.7m | €40.5m | €71.0m | - |
| Tangible fixed assets22/27 | €382,159 | €493,257 | €590,026 | €568,600 | €707,164 | - |
| Land and buildings22 | - | - | - | - | €6,438 | - |
| Plant, machinery and equipment23 | - | €23,084 | €17,168 | €11,251 | €94 | - |
| Furniture and vehicles24 | - | €470,173 | €572,858 | €483,629 | €208,296 | - |
| Leasing and similar rights25 | - | - | - | €73,719 | €492,335 | - |
| Financial fixed assets28 | €33.3m | €33.3m | €32.1m | €39.9m | €70.3m | - |
| Affiliated companies280/1 | - | €33.3m | €32.1m | €39.9m | €70.3m | - |
| Participating interests280 | - | €33.3m | €32.1m | €39.9m | €70.3m | - |
| Current assets29/58 | €2.2m | €2.7m | €7.5m | €6.4m | €7.5m | - |
| Amounts receivable after more than one year29 | - | €809,729 | €763,257 | €2.4m | €1.5m | - |
| Other amounts receivable291 | - | €809,729 | €763,257 | €2.4m | €1.5m | - |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €345,541 | €1.1m | €6.5m | €3.6m | €5.5m | - |
| Trade receivables40 | - | €1.1m | €164,604 | €306,257 | €297,231 | - |
| Other amounts receivable41 | - | €10,976 | €6.4m | €3.3m | €5.2m | - |
| Cash at bank and in hand54/58 | €806,812 | €778,115 | €154,263 | €249,648 | €74,434 | - |
| Deferred charges and accrued income490/1 | - | €9,390 | €38,801 | €145,375 | €434,356 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35.9m | €36.5m | €40.2m | €46.8m | €78.6m | - |
| Equity10/15 | €25.7m | €26.1m | €27.9m | €33.4m | €56.5m | - |
| Contributions10/11 | €2.7m | €2.7m | €2.7m | €2.7m | €6.5m | - |
| Capital10 | - | €2.7m | €2.7m | €2.7m | €6.5m | - |
| Issued capital100 | - | €2.7m | €2.7m | €2.7m | €8.5m | - |
| Uncalled capital101 | - | - | - | - | €2.0m | - |
| Reserves13 | €1.5m | €1.5m | €1.5m | €1.5m | €2.3m | - |
| Non-distributable reserves130/1 | - | €270,764 | €270,764 | €270,764 | €1.0m | - |
| Legal reserve130 | - | €270,764 | €270,764 | €270,764 | €1.0m | - |
| Tax-exempt reserves132 | - | €320 | €320 | €320 | €320 | - |
| Distributable reserves133 | - | €1.2m | €1.2m | €1.2m | €1.2m | - |
| Profit (loss) carried forward14 | €21.5m | €21.9m | €23.7m | €29.2m | €47.7m | - |
| Amounts payable17/49 | €10.2m | €10.3m | €12.3m | €13.4m | €22.1m | - |
| Amounts payable after more than one year17 | €4.8m | €3.9m | €3.1m | €2.4m | €331,722 | - |
| Financial debts170/4 | - | €3.9m | €3.1m | €2.4m | €331,722 | - |
| Leasing and similar obligations172 | - | - | - | €55,932 | €312,386 | - |
| Credit institutions173 | - | €3.9m | €3.1m | €2.4m | €19,336 | - |
| Amounts payable within one year42/48 | €5.4m | €6.4m | €9.1m | €11.0m | €19.8m | - |
| Current portion of amounts payable after more than one year42 | - | €829,268 | €829,267 | €862,098 | €177,596 | - |
| Financial debts43 | - | €0 | - | €3.0m | - | - |
| Credit institutions430/8 | - | €0 | - | €3.0m | - | - |
| Trade debts44 | €755,314 | €621,637 | €961,151 | €858,710 | €986,069 | - |
| Suppliers440/4 | - | €621,637 | €961,151 | €858,710 | €986,069 | - |
| Taxes, remuneration and social security45 | - | €612,437 | €496,344 | €831,692 | €688,085 | - |
| Taxes450/3 | - | €177,631 | €0 | €95,381 | €54,240 | - |
| Remuneration and social security454/9 | - | €434,805 | €496,344 | €736,311 | €633,845 | - |
| Other amounts payable47/48 | - | €4.3m | €6.9m | €5.4m | €17.9m | - |
| Accrued charges and deferred income492/3 | - | €19,524 | €37,392 | €27,476 | €2.0m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.8m | €4.8m | €3.0m | €8.6m | €18.2m | - |
| + Depreciation and write-downs630 | €112,359 | €140,845 | €167,344 | €208,948 | €274,736 | - |
| Operating cash flow (approximation) | €8.0m | €4.9m | €3.2m | €8.8m | €18.5m | - |
| Investment in fixed assets (approximation) | - | -€251,943 | €970,887 | -€8.0m | - | - |
| Change in cash | - | -€28,697 | -€623,852 | €95,385 | - | - |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
24-03
State Gazette act
Merger · Corporate purpose
Accounting effect · Shareholder
24-03
State Gazette act
Merger · Corporate purpose
Accounting effect · Shareholding
2025
31-12
Financial
Highest result since 2018net €18.2m ▲112%
Net result €18.2m, the highest in the series.
31-12
Financial
Equity above €50mEq €56.5m ▲69%
7 profitable years in a row build equity to €56.5m.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Show earlier events
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €25mEq €25.7m ▲37.4%
3 profitable years in a row build equity to €25.7m.
2019
31-12
Financial
Equity above €10mEq €18.7m ▲99%
2 profitable years in a row build equity to €18.7m.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Antwerpen · 1 establishment unit since 2007
Ground area
1.9 ha
Building footprint
1.1 ha
Volume, LiDAR
82,640 m³
Parcel 11807G1695/00D000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Noorderlaan 131, 2030 Antwerpen
since 20072.221.662.066
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1695/00D000 | Flanders | 1.9 ha | 1 · 1.1 ha | 10.6 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
2 owners · 10 holdings · 11 subsidiaries in the treeChain of control
Highest known parent: Brightco. The sources do not say who stands above it.
Owners 2
- BMACONparent99.99%
-
0.01%
Holdings 10
-
100%
-
100%
-
100%
- SEIFARsubsidiarySourceaccounts SEIFAR 2024100%
-
99.99%
-
99.97%
-
99%
-
90%
-
80%
-
80%
All subsidiaries, including indirect ones 11
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Bieba Consult 100%1 subsidiary
- Produkten BIELEN 100%
- BOMA SASFR 100%
- GREENSPEED BVNL 100%
- SEIFAR 100%
- BOMA LUXEMBOURG SALU 99.99%
- BOMA 99.97%
- GREENSPEED 99%
- BOMA NEDERLAND BVNL 90%
- I-TEAM BENELUX BVNL 80%
- I-TEAM FRANCE SASFR 80%
According to the 2023 annual accounts of PFS GROUP 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 839 EUR awarded · 839 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 839 EUR | 839 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
549300T4FUVG76I70T13
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Of 82,601 companies in sector 70200 we hold annual accounts for 52,615. 1,790 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892760482
Also
9925:BE0892760482
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.