pm-works
ActiveSummary
pm-works has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468k and a net result of €35k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-4
Solvency100=
Growth69=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.98 against 5.69 in 2024; short-term debt: 12.8% and cash: 0.7% of total assets), and 22.2% of the assets are financed with debt.
Credit check for your own amount and term
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
77.8%
Return on assets
5.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
62 d late
2022
31 d early
2021
49 d late
2020
25 d late
2019
24 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€186k▲ 33.3%
2019 · €140k
2018: €141k
2019: €140k▼ -1.1% vs 2018lowest value
2023: €186khighest value
2018 → 2023
EBIT margin
18.1%▼ 1.9pp
2019 · 20.0%
2018: 17.1%lowest value
2019: 20.0%▲ +16.5% vs 2018highest value
2023: 18.1%
2018 → 2023
Net result
€35k▼ 34.1%
2024 · €53k
2018: €22k
2019: €26k▲ +20.9% vs 2018
2020: €33k▲ +25.6% vs 2019
2021: €146k▲ +348% vs 2020highest in 8 years
2022: €13k▼ -90.8% vs 2021lowest in 8 years
2023: €33k▲ +149% vs 2022
2024: €53k▲ +59.2% vs 2023
2025: €35k▼ -34.1% vs 2024
2018 → 2025
Working capital
€384k▲ 12.3%
2024 · €341k
2018: €10klowest in 8 years
2019: €56k▲ +439% vs 2018
2020: €114k▲ +104% vs 2019
2021: €198k▲ +73.1% vs 2020
2022: €209k▲ +5.6% vs 2021
2023: €253k▲ +21.3% vs 2022
2024: €341k▲ +35.0% vs 2023
2025: €384k▲ +12.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€186k
Equity€333k-€346k▲ 4.0%€380k▲ 9.7%€433k▲ 14.0%€468k▲ 8.1%
2021: €333klowest in 5 years
2022: €346k▲ +4.0% vs 2021
2023: €380k▲ +9.7% vs 2022
2024: €433k▲ +14.0% vs 2023
2025: €468k▲ +8.1% vs 2024highest in 5 years
Operating result€149k-€47k▼ 68.2%€34k▼ 28.9%€61k▲ 81.1%€36k▼ 40.5%
2021: €149khighest in 5 years
2022: €47k▼ -68.2% vs 2021
2023: €34k▼ -28.9% vs 2022lowest in 5 years
2024: €61k▲ +81.1% vs 2023
2025: €36k▼ -40.5% vs 2024
Net result€146k-€13k▼ 90.8%€33k▲ 149%€53k▲ 59.2%€35k▼ 34.1%
2021: €146khighest in 5 years
2022: €13k▼ -90.8% vs 2021lowest in 5 years
2023: €33k▲ +149% vs 2022
2024: €53k▲ +59.2% vs 2023
2025: €35k▼ -34.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €602k
Fixed assets
€141k ▼ 13.3%
Current assets
€461k ▲ 11.2%
Equity and liabilities €602k
Equity
€468k ▲ 8.1%
Debt
€133k ▼ 7.2%
Debt's share of the balance-sheet total falls from 24.9% to 22.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59k▼
2024 · €79k
Cash flow
€58k▼
2024 · €72k
Current ratio
5.98▲
2024 · 5.69
Debt to equity
0.28▼
2024 · 0.33
ROE
7.5%▼
2024 · 12.3%
ROA
5.8%▼
2024 · 9.2%
Interest coverage
14.44▲
2024 · 13.41
Debt ≤ 1 year
€77k▲
2024 · €73k
Debt > 1 year
€56k▼
2024 · €68k
Income taxes
€20k▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€577k€602k▲
Fixed assets21/28€163k€141k▼
Tangible fixed assets22/27€163k€141k▼
Land and buildings22€67k€64k▼
Furniture and vehicles24€55k€43k▼
Other tangible fixed assets26€41k€34k▼
Current assets29/58€414k€461k▲
Amounts receivable within one year40/41€399k€454k▲
Trade receivables40€858€21k▲
Other amounts receivable41€398k€433k▲
Cash at bank and in hand54/58€15k€4k▼
Deferred charges and accrued income490/1€971€3k▲
Equity and liabilities
Total equity and liabilities10/49€577k€602k▲
Equity10/15€433k€468k▲
Contributions10/11€6k€6k=
Reserves13€427k€462k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€425k€460k▲
Amounts payable17/49€144k€133k▼
Amounts payable after more than one year17€68k€56k▼
Financial debts170/4€68k€56k▼
Amounts payable within one year42/48€73k€77k▲
Current portion of amounts payable after more than one year42€15k€11k▼
Financial debts43€102€4k▲
Credit institutions430/8€102€4k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€53k€58k▲
Taxes450/3€51k€58k▲
Remuneration and social security454/9€2k€0▼
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€23k▲
Other operating charges640/8€4k€755▼
Non-recurring operating charges66A€10k€0▼
Gross operating margin9900€94k€60k▼
Operating profit (loss)9901€61k€36k▼
Financial income75/76B€21k€23k▲
Recurring financial income75€21k€23k▲
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€76k€55k▼
Income taxes67/77€23k€20k▼
Profit (loss) for the period9904€53k€35k▼
Profit (loss) for the period to be appropriated9905€53k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€35k▼
Transfer to equity691/2€53k€35k▼
To other reserves6921€53k€35k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €186k | - | - | - |
| Non-recurring operating income76A | €117k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €115k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €32k | €32k | €18k | €23k | ▲ 23.1% |
| Other operating charges640/8 | €5k | €4k | €6k | €4k | €755 | ▼ 81.1% |
| Non-recurring operating charges66A | - | - | - | €10k | €0 | ▼ 100% |
| Gross operating margin9900 | €185k | €83k | €71k | €94k | €60k | ▼ 36.2% |
| Operating profit (loss)9901 | €149k | €47k | €34k | €61k | €36k | ▼ 40.5% |
| Financial income75/76B | €12k | €17k | €16k | €21k | €23k | ▲ 8.3% |
| Recurring financial income75 | €9k | €17k | €16k | €21k | €23k | ▲ 8.3% |
| Non-recurring financial income76B | €3k | - | - | - | - | - |
| Financial charges65/66B | €1k | €2k | €2k | €6k | €4k | ▼ 31.1% |
| Recurring financial charges65 | €1k | €2k | €2k | €6k | €4k | ▼ 31.1% |
| Profit (loss) for the period before taxes9903 | €160k | €63k | €48k | €76k | €55k | ▼ 27.7% |
| Income taxes67/77 | €13k | €49k | €14k | €23k | €20k | ▼ 12.9% |
| Profit (loss) for the period9904 | €146k | €13k | €33k | €53k | €35k | ▼ 34.1% |
| Profit (loss) for the period to be appropriated9905 | €146k | €13k | €33k | €53k | €35k | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €438k | €472k | €482k | €577k | €602k | ▲ 4.3% |
| Fixed assets21/28 | €178k | €159k | €131k | €163k | €141k | ▼ 13.3% |
| Tangible fixed assets22/27 | €178k | €159k | €131k | €163k | €141k | ▼ 13.3% |
| Land and buildings22 | €131k | €106k | €81k | €67k | €64k | ▼ 4.2% |
| Furniture and vehicles24 | - | €3k | €2k | €55k | €43k | ▼ 21.8% |
| Other tangible fixed assets26 | €48k | €51k | €48k | €41k | €34k | ▼ 16.7% |
| Current assets29/58 | €260k | €313k | €351k | €414k | €461k | ▲ 11.2% |
| Amounts receivable within one year40/41 | €247k | €308k | €350k | €399k | €454k | ▲ 13.9% |
| Trade receivables40 | €41k | €19k | €29k | €858 | €21k | ▲ 2,307% |
| Other amounts receivable41 | €206k | €289k | €321k | €398k | €433k | ▲ 8.9% |
| Cash at bank and in hand54/58 | €11k | €5k | €11 | €15k | €4k | ▼ 72.7% |
| Deferred charges and accrued income490/1 | €1k | - | €1k | €971 | €3k | ▲ 168% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €438k | €472k | €482k | €577k | €602k | ▲ 4.3% |
| Equity10/15 | €333k | €346k | €380k | €433k | €468k | ▲ 8.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €327k | €340k | €374k | €427k | €462k | ▲ 8.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €325k | €338k | €372k | €425k | €460k | ▲ 8.3% |
| Amounts payable17/49 | €105k | €126k | €102k | €144k | €133k | ▼ 7.2% |
| Amounts payable after more than one year17 | €43k | €22k | - | €68k | €56k | ▼ 16.9% |
| Financial debts170/4 | €43k | €22k | - | €68k | €56k | ▼ 16.9% |
| Amounts payable within one year42/48 | €62k | €104k | €98k | €73k | €77k | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | €22k | €53k | €32k | €15k | €11k | ▼ 23.1% |
| Financial debts43 | €529 | €4k | €8k | €102 | €4k | ▲ 3,384% |
| Credit institutions430/8 | €529 | €4k | €8k | €102 | €4k | ▲ 3,384% |
| Trade debts44 | €15k | €12k | €20k | €5k | €4k | ▼ 18.8% |
| Suppliers440/4 | €15k | €12k | €20k | €5k | €4k | ▼ 18.8% |
| Taxes, remuneration and social security45 | €24k | €35k | €38k | €53k | €58k | ▲ 9.6% |
| Taxes450/3 | €24k | €35k | €38k | €51k | €58k | ▲ 13.8% |
| Remuneration and social security454/9 | - | - | - | €2k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €4k | €3k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €146k | €13k | €33k | €53k | €35k | ▼ 34.1% |
| + Depreciation and write-downs630 | €31k | €32k | €32k | €18k | €23k | ▲ 23.1% |
| Operating cash flow (approximation) | €177k | €45k | €66k | €72k | €58k | ▼ 19.4% |
| Investment in fixed assets (approximation) | - | €-13k | €-4k | €-50k | €-1k | ▲ 97.8% |
| Change in cash | - | €-6k | €-5k | €15k | €-11k | ▼ 173% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €13k ▼90.8%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
18-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 49 days late
2021
31-12
Financial
Highest result since 2018net €146k ▲348%
Operating result €149k, net result €146k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.19
Current ratio from 1.90 to 4.19; short-term debt falls from €126k to €62k.
31-12
Financial
Equity above €200kEq €333k ▲78.4%
4 profitable years in a row build equity to €333k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Equity above €150kEq €154k ▲20.3%
2 profitable years in a row build equity to €154k.
Show earlier events
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Rixensart · 1 establishment unit since 2003
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.
Rue Tombeek Beauseant 2-51331 RixensartGround area
1,009 m²
Building footprint
177 m²
Parcel 23045C0058/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
pm-works
since 20032.133.514.505
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045C0058/00D000 | Flanders | 1,009 m² | 1 · 177 m² | - |
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.
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IBER SPRL
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 12,220 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 (pre-2019)
Founded14-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.