Equity
€468,224 ▲ 8.1%
pm-works has made a profit without a break since 2014.
pm-works
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €185,182 (2021)
€59,706▼ 36.2%
lowest -€16,646 (2009)
€35,104▼ 34.1%
peak €468,224 (2025)
€468,224▲ 8.1%
€133,337▼ 7.2%
Board1 name since 2003
1 directorDECONINCK PHILIPPE
Owners2 names in the annual accounts
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €93,651 to €59,706Result from €53,277 to €35,104Cash from €14,598 to €3,981
Key points
from the 2025 annual accountsFilings
22 annual accounts since 2004
Nine of the last ten came late. The 2023 accounts came latest: 62 days after the end of the period.
Position in the sector
€468,224
More equity than 95% of companies in computer programming and consultancy. Sector median €69,062 · 21,212 companies.
Checked score
86
Excellent
Financially stronger than 49% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.1%▲ +0.1 percentage points vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.0%▼ -0.1 percentage points vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 1.3%▲ +0.3 percentage points vs 07-2025
09-2025: 1.5%▲ +0.2 percentage points vs 08-2025
10-2025: 1.8%▲ +0.3 percentage points vs 09-2025highest value
11-2025: 0.2%▼ -1.6 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
Liquidity: current ratio 5.98, cash €3,981, halved
lowers risk
Size: total assets €601,562
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 24% on liquidity, 35% on profitability and 54% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as pm-works has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of pm-works itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for pm-works. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.98 (5.69 in 2024), above the usual 1.5. Short-term debt is 12.8% and cash 0.7% of total assets. 22.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
61 days late
2023
62 days late
2022
31 days early
2021
49 days late
2020
25 days late
2019
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
DP
DECONINCK PHILIPPE
Director, since 01-07-2003
- Hui CHEN 50%annual accounts 2017
- Philippe DECONINCK 50%annual accounts 2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0859633103
Incorporation
published on 18-07-2003 · Gazette deed
First establishment
Blauwenhoek 106, Londerzeel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| pm-works Rixensart | €601,562 | €59,706 | 77.8% | - |
| STRAT-X Sint-Niklaas | €543,642 | €58,667 | 73.6% | - |
| Fergusi Tessenderlo-Ham | €597,492 | €64,578 | 92.2% | - |
| ICTVALUE Antwerp | €602,665 | €63,263 | 67.1% | - |
| VANBEL Leuze-en-Hainaut | €666,641 | €63,570 | 47.8% | - |
| TIEN TIEN Laarne | €568,991 | €67,206 | 85.0% | - |
| XPERICON Aarschot | €679,016 | €63,150 | 94.7% | - |
These companies have the same main activity as pm-works: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €544,000 and €679,000, founded between 2001 and 2005.
Official details
Source: KBO- Status
- Active since 14-07-2003Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 1 other
- Establishment unit
- 2.133.514.5051840 Londerzeel, since 14-07-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 28-07-2025
Insights on pm-works
pm-works files the micro format. That format states no turnover. The gross margin fell from €71,307 in 2006 to €59,706 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about pm-works
- What is the company number of pm-works?
- The company number of pm-works is 0859.633.103. The VAT number is the same number with BE in front: BE 0859.633.103.
- Where is pm-works based?
- The registered office is at Rue Tombeek Beauseant 2-5, 1331 Rixensart.Company details
- What does pm-works do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of pm-works?
- pm-works is a private limited company (pre-2019) (BVBA).
- When was pm-works founded?
- pm-works was founded on 14-07-2003.
- Is pm-works still active?
- Yes, pm-works is an active enterprise in the KBO register.
- What is the turnover of pm-works?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €59,706 and 60 comparable companies (NACE 62200). It probably lies between €100,000 and €150,000. In financial year 2023 turnover was €186,310.Financials
- Is pm-works profitable?
- In financial year 2025, pm-works made a profit of €35,104.
- Where can I find the annual accounts of pm-works?
- pm-works filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of pm-works due?
- pm-works must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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