PFSIC
ActiveSummary
PFSIC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.6m and a net result of €190,693. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 95% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-58
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700,000 at 30 days acceptable
Liquidity short (current ratio 0.15; short-term debt: 2.9% and cash: 0.4% of total assets), and 2.9% 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+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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
97.1%
Return on assets
1.9%
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 14-04-2026, 108 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
108 d early
2024
66 d early
2023
58 d early
2022
61 d early
2021
67 d early
2020
57 d early
2019
58 d early
← 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 68 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€9.6m▼ 0.7%
2024 · €9.7m
Total assets
€9.9m▲ 2.2%
2024 · €9.7m
Net result
€190,693▼ 99.4%
2024 · €29.5m
Working capital
-€243,982
2024 · €9.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€173,899▼ 0.3%€173,750▼ 0.1%€172,274▼ 0.8%€144,613▼ 16.1%-€1,230
Net result€2.2m▲ 211%€911,162▼ 57.8%€831,551▼ 8.7%€29.5m▲ 3,453%€190,693▼ 99.4%
Equity€12.4m▲ 21.1%€12.0m▼ 3.5%€9.8m▼ 17.9%€9.7m▼ 1.1%€9.6m▼ 0.7%
Total assets€19.0m▲ 8.2%€15.2m▼ 19.8%€15.2m▼ 0.1%€9.7m▼ 36.3%€9.9m▲ 2.2%
Debt€6.6m▼ 9.8%€3.3m▼ 50.2%€5.4m▲ 64.5%€3,340▼ 99.9%€288,278▲ 8,532%
Working capital€722,870€79,950▼ 88.9%-€2.1m€9.7m-€243,982
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,230 after €144,613 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.9m
Fixed assets
€9.9m
Current assets
€44,296
Equity and liabilities €9.9m
Equity
€9.6m ▼ 0.7%
Debt
€288,278 ▲ 8,532%
Debt's share of the balance-sheet total rises from 0.0% to 2.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.15
Debt to equity
0.03▲
2024 · 0.00
ROE
2.0%▼
2024 · 304.5%
ROA
1.9%▼
2024 · 304.4%
Debt ≤ 1 year
€288,278▲
2024 · €3,340
Income taxes
€65,682▲
2024 · €45,897
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €969 | €970 | €1,069 | €1,086 | €1,143 | ▲ 5.3% |
| Gross operating margin9900 | €174,868 | €174,720 | €173,343 | €145,698 | -€88 | ▼ 100% |
| Operating profit (loss)9901 | €173,899 | €173,750 | €172,274 | €144,613 | -€1,230 | ▼ 101% |
| Financial income75/76B | €2.1m | €874,875 | €762,908 | €29.5m | €258,089 | ▼ 99.1% |
| Recurring financial income75 | €2.1m | €874,875 | €762,908 | €1.3m | €258,089 | ▼ 79.9% |
| Non-recurring financial income76B | - | - | - | €28.2m | - | - |
| Financial charges65/66B | €147,100 | €125,484 | €79,093 | €69,073 | €484 | ▼ 99.3% |
| Recurring financial charges65 | €147,100 | €125,484 | €79,093 | €69,073 | €484 | ▼ 99.3% |
| Profit (loss) for the period before taxes9903 | €2.2m | €923,140 | €856,089 | €29.6m | €256,375 | ▼ 99.1% |
| Income taxes67/77 | €8,078 | €11,979 | €24,538 | €45,897 | €65,682 | ▲ 43.1% |
| Profit (loss) for the period9904 | €2.2m | €911,162 | €831,551 | €29.5m | €190,693 | ▼ 99.4% |
| Profit (loss) for the period to be appropriated9905 | €2.2m | €911,162 | €831,551 | €29.5m | €190,693 | ▼ 99.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.0m | €15.2m | €15.2m | €9.7m | €9.9m | ▲ 2.2% |
| Fixed assets21/28 | €17.5m | €15.2m | €15.2m | - | €9.9m | - |
| Financial fixed assets28 | €17.5m | €15.2m | €15.2m | - | €9.9m | - |
| Current assets29/58 | €1.5m | €91,521 | €73,716 | €9.7m | €44,296 | ▼ 99.5% |
| Amounts receivable within one year40/41 | €0 | - | - | - | €28 | - |
| Trade receivables40 | €0 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | - | €28 | - |
| Current investments50/53 | - | - | - | €9.7m | - | - |
| Cash at bank and in hand54/58 | €1.5m | €91,521 | €73,716 | €54,418 | €44,267 | ▼ 18.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.0m | €15.2m | €15.2m | €9.7m | €9.9m | ▲ 2.2% |
| Equity10/15 | €12.4m | €12.0m | €9.8m | €9.7m | €9.6m | ▼ 0.7% |
| Contributions10/11 | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Capital10 | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Issued capital100 | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Reserves13 | €181,986 | €227,544 | €269,122 | €875,000 | €875,000 | = |
| Non-distributable reserves130/1 | €181,986 | €227,544 | €269,122 | €875,000 | €875,000 | = |
| Legal reserve130 | €181,986 | €227,544 | €269,122 | €875,000 | €875,000 | = |
| Profit (loss) carried forward14 | €3.5m | €3.0m | €789,973 | €76,079 | €3,895 | ▼ 94.9% |
| Amounts payable17/49 | €6.6m | €3.3m | €5.4m | €3,340 | €288,278 | ▲ 8,532% |
| Amounts payable after more than one year17 | €5.8m | €3.3m | €3.3m | - | - | - |
| Financial debts170/4 | €5.8m | €3.3m | €3.3m | - | - | - |
| Amounts payable within one year42/48 | €777,244 | €11,572 | €2.1m | €3,340 | €288,278 | ▲ 8,532% |
| Current portion of amounts payable after more than one year42 | €729,167 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €19,832 | €11,572 | €12,216 | €3,340 | €25,401 | ▲ 661% |
| Taxes450/3 | €19,832 | €11,572 | €12,216 | €3,340 | €25,401 | ▲ 661% |
| Other amounts payable47/48 | €28,245 | - | €2.1m | - | €262,877 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.2m | €911,162 | €831,551 | €29.5m | €190,693 | ▼ 99.4% |
| Operating cash flow (approximation) | €2.2m | €911,162 | €831,551 | €29.5m | €190,693 | ▼ 99.4% |
| Investment in fixed assets (approximation) | - | €2.3m | €0 | - | - | - |
| Change in cash | - | -€1.4m | -€17,805 | -€19,298 | -€10,151 | ▲ 47.4% |
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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
20-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 23/02/2026
- Registered-office move, Bosmanslei 20, 2018 Antwerpen
2025
31-12
Financial
Weakest financial yearnet €190,693 ▼99.4%
Net result drops to €190,693, the lowest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €29.5m ▲3,453%
Net result €29.5m, the highest in the series.
31-12
Financial
Liquidity times 84184current ratio 2905.90
Current ratio from 0.03 to 2905.90; short-term debt falls from €2.1m to €3,340.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 7.91
Current ratio from 1.93 to 7.91; short-term debt falls from €777,244 to €11,572.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 24current ratio 1.93
Current ratio from 0.08 to 1.93.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €10mEq €10.2m ▲7.3%
2 profitable years in a row build equity to €10.2m.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2018
Ground area
291 m²
Building footprint
129 m²
Volume, LiDAR
1,741 m³
Parcel 11810K1902/00F004, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
PFSIC
since 20182.282.621.816
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1902/00F004 | Flanders | 291 m² | 1 · 129 m² | 17.0 m · 5 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
Part of the group
THINK2ACT CAPITAL
12 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- THINK2ACT CAPITAL
- PFSIC
Highest known parent: THINK2ACT CAPITAL. The sources do not say who stands above it.
Owners 1
- THINK2ACT CAPITALparent100%
Holdings 1
-
17.5%
According to the 2023 annual accounts of PFSIC 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500G4XYFFJIHG9B06
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 7,031 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
Founded10-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0715655904
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.