Summary
PJM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €222k and a net result of €19k. Its solvency ranks better than 17% of 5547 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5547 sector peers (2025).
NBB · sector comparisonPosition among 5547 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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 · 1 filingDeviation from the deadline
2025
42 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€222k
Net result
€19k
Total assets
€1.45M
Solvency
15.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €1.45M
Fixed assets
€13k
Current assets
€1.44M
Equity and liabilities €1.45M
Equity
€222k
Debt
€1.23M
Debt finances 84.8% of the balance-sheet total.
Key figures and ratios
ROE
8.4%
ROA
1.3%
Debt ≤ 1 year
€1.23M
Debt > 1 year
€0
Income taxes
€7k
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k |
| Other operating charges640/8 | €304 |
| Gross operating margin9900 | €11k |
| Operating profit (loss)9901 | €881 |
| Financial income75/76B | €25k |
| Recurring financial income75 | €25k |
| Financial charges65/66B | €607 |
| Recurring financial charges65 | €607 |
| Profit (loss) for the period before taxes9903 | €25k |
| Income taxes67/77 | €7k |
| Profit (loss) for the period9904 | €19k |
| Profit (loss) for the period to be appropriated9905 | €19k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.45M | |
| Fixed assets21/28 | €13k | |
| Tangible fixed assets22/27 | €3k | |
| Furniture and vehicles24 | €3k | |
| Financial fixed assets28 | €9k | |
| Current assets29/58 | €1.44M | |
| Amounts receivable after more than one year29 | €117k | |
| Other amounts receivable291 | €117k | |
| Amounts receivable within one year40/41 | €1.26M | |
| Trade receivables40 | €116k | |
| Other amounts receivable41 | €1.14M | |
| Cash at bank and in hand54/58 | €64k | |
| Deferred charges and accrued income490/1 | €515 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.45M | |
| Equity10/15 | €222k | |
| Contributions10/11 | €19k | |
| Reserves13 | €203k | |
| Non-distributable reserves130/1 | €2k | |
| Reserves not available under the articles1311 | €2k | |
| Distributable reserves133 | €201k | |
| Amounts payable17/49 | €1.23M | |
| Amounts payable after more than one year17 | €0 | |
| Financial debts170/4 | €0 | |
| Amounts payable within one year42/48 | €1.23M | |
| Current portion of amounts payable after more than one year42 | €4k | |
| Trade debts44 | €2k | |
| Suppliers440/4 | €2k | |
| Taxes, remuneration and social security45 | €10k | |
| Taxes450/3 | €10k | |
| Other amounts payable47/48 | €1.22M | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €19k |
| + Depreciation and write-downs630 | €10k |
| Operating cash flow (approximation) | €28k |
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
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 42 days late
NBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kortrijk · 1 establishment unit since 2013
Ground area
2,574 m²
Building footprint
435 m²
Volume, LiDAR
4,205 m³
Parcel 34353H1638/00A000, Flanders · tallest building 17.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Plein(Kor) 13, 8500 Kortrijk
since 20132.221.409.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H1638/00A000 | Flanders | 2,574 m² | 1 · 435 m² | 17.1 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.
Similar companies · same sector, comparable size
BHUYGHE MANAGEMENT
BE 0788.800.337
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WKG Groep België
BE 0466.913.656
Antwerpen · Eq €221,574
L&L INVESTMENTS
BE 0765.708.201
De Panne · Eq €221,557
BEG Partner
BE 0501.516.427
Lasne · Eq €221,545
SDS-SOLUTION
BE 0631.764.364
Affligem · Eq €221,459
Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,553 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
Founded08-07-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.