Summary
PMF CONSULT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €56,752 and a net result of €26,076. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 12% of 2817 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
8 d late
2023
19 d early
2022
24 d early
2021
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Equity
€56,752▼ 86.8%
2023 · €430,677
Net result
€26,076▼ 78.0%
2023 · €118,278
Total assets
€639,845▼ 9.7%
2023 · €708,865
Solvency
8.9%▼ 51.9pp
2023 · 60.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€326-€748-€6,678€33,538
Net result€184,628within the sector's middle half-€127,171within the sector's middle half▼ 31.1%€118,278within the sector's middle half▼ 7.0%€26,076within the sector's middle half▼ 78.0%
Equity€186,828below the sector's middle half-€313,199below the sector's middle half▲ 67.6%€430,677below the sector's middle half▲ 37.5%€56,752below the sector's middle half▼ 86.8%
Total assets€549,325below the sector's middle half-€633,184below the sector's middle half▲ 15.3%€708,865below the sector's middle half▲ 12.0%€639,845below the sector's middle half▼ 9.7%
Debt€362,497-€319,986▼ 11.7%€278,189▼ 13.1%€583,093▲ 110%
Working capital-€83,004within the sector's middle half--€2,217within the sector's middle half▲ 97.3%€71,202within the sector's middle half-€346,598within the sector's middle half
Solvency34.0%within the sector's middle half-49.5%within the sector's middle half▲ 15.5pp60.8%within the sector's middle half▲ 11.3pp8.9%below the sector's middle half▼ 51.9pp
Current ratio0.14below the sector's middle half-0.98within the sector's middle half▲ 0.841.71within the sector's middle half▲ 0.730.23below the sector's middle half▼ 1.48
Return on assets (ROA)33.6%above the sector's middle half-20.1%above the sector's middle half▼ 13.5pp16.7%above the sector's middle half▼ 3.4pp4.1%within the sector's middle half▼ 12.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €33,538 after a loss of €6,678 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €639,845
Fixed assets
€536,296 ▼ 0.2%
Current assets
€103,550 ▼ 39.6%
Equity and liabilities €639,845
Equity
€56,752 ▼ 86.8%
Debt
€583,093 ▲ 110%
Debt's share of the balance-sheet total rises from 39.2% to 91.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
45.9%▲
2023 · 27.5%
Debt ≤ 1 year
€450,148▲
2023 · €100,148
Debt > 1 year
€132,857▼
2023 · €177,143
Income taxes
€3,681
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €195 | €761 | €491 | ▼ 35.5% |
| Other operating charges640/8 | €250 | - | €25 | €412 | ▲ 1,549% |
| Gross operating margin9900 | -€76 | €943 | -€5,892 | €34,441 | ▲ 684% |
| Operating profit (loss)9901 | -€326 | €748 | -€6,678 | €33,538 | ▲ 602% |
| Financial income75/76B | €186,000 | €130,000 | €129,023 | - | - |
| Recurring financial income75 | €186,000 | €130,000 | €129,023 | - | - |
| Financial charges65/66B | €1,046 | €3,577 | €4,067 | €3,782 | ▼ 7.0% |
| Recurring financial charges65 | €1,046 | €3,577 | €4,067 | €3,782 | ▼ 7.0% |
| Profit (loss) for the period before taxes9903 | €184,628 | €127,171 | €118,278 | €29,756 | ▼ 74.8% |
| Income taxes67/77 | - | - | - | €3,681 | - |
| Profit (loss) for the period9904 | €184,628 | €127,171 | €118,278 | €26,076 | ▼ 78.0% |
| Profit (loss) for the period to be appropriated9905 | €184,628 | €127,171 | €118,278 | €26,076 | ▼ 78.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €549,325 | €633,184 | €708,865 | €639,845 | ▼ 9.7% |
| Fixed assets21/28 | €536,000 | €537,277 | €537,516 | €536,296 | ▼ 0.2% |
| Tangible fixed assets22/27 | - | €1,277 | €1,516 | €296 | ▼ 80.5% |
| Furniture and vehicles24 | - | €1,277 | €1,516 | €296 | ▼ 80.5% |
| Financial fixed assets28 | €536,000 | €536,000 | €536,000 | €536,000 | = |
| Current assets29/58 | €13,325 | €95,907 | €171,350 | €103,550 | ▼ 39.6% |
| Amounts receivable within one year40/41 | €8,067 | €8,067 | €8,067 | €42,245 | ▲ 424% |
| Trade receivables40 | €8,067 | €8,067 | €8,067 | €40,000 | ▲ 396% |
| Other amounts receivable41 | - | - | - | €2,245 | - |
| Cash at bank and in hand54/58 | €4,415 | €86,960 | €161,397 | €61,305 | ▼ 62.0% |
| Deferred charges and accrued income490/1 | €844 | €881 | €1,886 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €549,325 | €633,184 | €708,865 | €639,845 | ▼ 9.7% |
| Equity10/15 | €186,828 | €313,199 | €430,677 | €56,752 | ▼ 86.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €183,828 | €310,199 | €427,677 | €53,752 | ▼ 87.4% |
| Distributable reserves133 | €183,828 | €310,199 | €427,677 | €53,752 | ▼ 87.4% |
| Amounts payable17/49 | €362,497 | €319,986 | €278,189 | €583,093 | ▲ 110% |
| Amounts payable after more than one year17 | €265,714 | €221,429 | €177,143 | €132,857 | ▼ 25.0% |
| Financial debts170/4 | €265,714 | €221,429 | €177,143 | €132,857 | ▼ 25.0% |
| Amounts payable within one year42/48 | €96,328 | €98,125 | €100,148 | €450,148 | ▲ 349% |
| Current portion of amounts payable after more than one year42 | €44,286 | €44,286 | €44,286 | €44,286 | = |
| Trade debts44 | - | - | - | €440 | - |
| Suppliers440/4 | - | - | - | €440 | - |
| Taxes, remuneration and social security45 | €8,216 | €8,628 | €8,703 | €3,681 | ▼ 57.7% |
| Taxes450/3 | €8,216 | €8,628 | €8,703 | €3,681 | ▼ 57.7% |
| Other amounts payable47/48 | €43,826 | €45,211 | €47,159 | €401,741 | ▲ 752% |
| Accrued charges and deferred income492/3 | €454 | €432 | €898 | €88 | ▼ 90.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €184,628 | €127,171 | €118,278 | €26,076 | ▼ 78.0% |
| + Depreciation and write-downs630 | - | €195 | €761 | €491 | ▼ 35.5% |
| Operating cash flow (approximation) | €184,628 | €127,366 | €119,039 | €26,566 | ▼ 77.7% |
| Investment in fixed assets (approximation) | - | -€1,472 | -€1,000 | €730 | ▲ 173% |
| Change in cash | - | €82,546 | €74,437 | -€100,092 | ▼ 234% |
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
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
2024
31-12
Financial
Weakest financial yearnet €26,076 ▼78%
Net result drops to €26,076, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200,000Eq €313,199 ▲67.6%
2 profitable years in a row build equity to €313,199.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
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, Seraing · 1 establishment unit since 2021
Ground area
7,135 m²
Building footprint
2,274 m²
Volume, LiDAR
10,602 m³
Parcel 62353D0892/00K002, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PMF CONSULT
since 20212.318.442.629
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62353D0892/00K002 | Wallonia | 7,135 m² | 1 · 2,274 m² | 7.4 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- INCAR-MOTOR
- PMF CONSULT
Highest known parent: INCAR-MOTOR. The sources do not say who stands above it.
Owners 1
- INCAR-MOTORparent100%
Holdings 1
-
100%
According to the 2024 annual accounts of PMF CONSULT 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 10,815 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
Founded17-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
s.i@incarmotor.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769813675
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.