PJW
ActivePJW has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-2k) and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 8091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency20▼-24
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 1.2 in 2023; short-term debt: 105.1% and cash: 16.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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
Sector 70
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-5.1%
Return on assets
-20.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-2k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
132 d late
2022
92 d late
2021
92 d late
2020
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-2k
2023 · €7k
2020: €4k
2021: €15k
2022: €19k
2023: €7k
2020 → 2024
Total assets
€45k▲ 18.3%
2023 · €38k
2020: €11k
2021: €45k
2022: €47k
2023: €38k
2020 → 2024
Net result
€-9k▲ 22.7%
2023 · €-12k
2020: €-11k
2021: €10k
2022: €4k
2023: €-12k
2020 → 2024
Working capital
€-3k
2023 · €6k
2020: €-6k
2021: €5k
2022: €19k
2023: €6k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4k-€15k▲ 237%€19k▲ 30.9%€7k▼ 63.2%€-2k
Operating result€-11k-€11k€11k▼ 4.5%€-12k€-9k▲ 20.9%
Net result€-11k-€10k€4k▼ 56.0%€-12k€-9k▲ 22.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €12k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €45k
Fixed assets
€631▼ 35.5%
Current assets
€44k▲ 19.7%
Key figures and ratios
EBITDA
€-9k▲
2023 · €-11k
Cash flow
€-9k▲
2023 · €-12k
Solvency
-5.1%▼
2023 · 18.6%
Current ratio
0.94▼
2023 · 1.20
Quick ratio
0.94▼
2023 · 1.20
Debt / equity
-20.50▼
2023 · 4.38
ROA
-20.8%▲
2023 · -31.9%
Interest coverage
-88.85▼
2023 · -28.96
Debt
€47k▲
2023 · €31k
Debt ≤ 1 year
€47k▲
2023 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€38k€45k▲
Fixed assets21/28€977€631▼
Tangible fixed assets22/27€977€631▼
Furniture and vehicles24€977€631▼
Current assets29/58€37k€44k▲
Amounts receivable within one year40/41€36k€36k=
Trade receivables40€31k€31k=
Other amounts receivable41€5k€5k=
Cash at bank and in hand54/58€279€8k▲
Equity and liabilities
Total equity and liabilities10/49€38k€45k▲
Equity10/15€7k€-2k▼
Contributions10/11€15k€15k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-12k€-21k▼
Amounts payable17/49€31k€47k▲
Amounts payable within one year42/48€31k€47k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€13k-
Taxes450/3€13k-
Other amounts payable47/48€16k€44k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€277€347▲
Other operating charges640/8-€64
Gross operating margin9900€-11k€-9k▲
Operating profit (loss)9901€-12k€-9k▲
Financial charges65/66B€392€100▼
Recurring financial charges65€392€100▼
Profit (loss) for the period before taxes9903€-12k€-9k▲
Profit (loss) for the period9904€-12k€-9k▲
Profit (loss) for the period to be appropriated9905€-12k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-21k▼
Profit (loss) brought forward from the previous period14P-€-12k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 132 days late
2023
31-12
Financial
Weakest financial yearnet €-12k ▼367%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 1.15
Current ratio from 0.17 to 1.15.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Leuven · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Petrusberg 273001 LeuvenGround area
1,184 m²
Building footprint
173 m²
Volume, LiDAR
1,150 m³
Parcel 24514C0002/00F003, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PJW
since 20192.295.244.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0002/00F003 | Flanders | 1,184 m² | 1 · 173 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,696 companies in sector 70100 we hold annual accounts for 3,489. 979 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2019
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:pieter-jan@contaynor.com