PNP MANAGER
ActivePNP MANAGER has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €466k and a net result of €28k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-2
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.15 against 4.9 in 2024; short-term debt: 17.1% and cash: 52.5% of total assets), and 17.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
82.3%
Return on assets
4.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-03-2026, 150 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
150 d early
2024
35 d early
2023
110 d early
2022
175 d early
2021
152 d early
2020
29 d early
2019
17 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€466k▼ 11.5%
2024 · €527k
2018: €215k
2019: €318k
2020: €381k
2021: €431k
2022: €510k
2023: €506k
2024: €527k
2018 → 2025
Total assets
€567k▼ 7.7%
2024 · €614k
2018: €469k
2019: €411k
2020: €555k
2021: €674k
2022: €659k
2023: €630k
2024: €614k
2018 → 2025
Net result
€28k▼ 30.0%
2024 · €40k
2018: €31k
2019: €136k
2020: €95k
2021: €124k
2022: €95k
2023: €22k
2024: €40k
2018 → 2025
Working capital
€306k▼ 5.9%
2024 · €325k
2018: €64k
2019: €232k
2020: €277k
2021: €307k
2022: €363k
2023: €340k
2024: €325k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€431k-€510k▲ 18.4%€506k▼ 0.8%€527k▲ 4.3%€466k▼ 11.5%
Operating result€173k-€134k▼ 22.7%€31k▼ 76.7%€50k▲ 60.2%€38k▼ 24.5%
Net result€124k-€95k▼ 23.5%€22k▼ 77.0%€40k▲ 81.4%€28k▼ 30.0%
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 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567k
Fixed assets
€164k▼ 20.5%
Current assets
€403k▼ 1.3%
Equity and liabilities €567k
Equity
€466k▼ 11.5%
Debt
€100k▲ 15.4%
The debt ratio rises from 14.2% to 17.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€81k▼
2024 · €90k
Cash flow
€71k▼
2024 · €80k
Solvency
82.3%▼
2024 · 85.8%
Current ratio
4.15▼
2024 · 4.90
Quick ratio
4.15▼
2024 · 4.85
Debt / equity
0.22▲
2024 · 0.16
ROE
5.9%▼
2024 · 7.5%
ROA
4.9%▼
2024 · 6.4%
Interest coverage
587.59▲
2024 · 500.26
Debt
€100k▲
2024 · €87k
Debt ≤ 1 year
€97k▲
2024 · €83k
Income taxes
€15k▼
2024 · €18k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€614k€567k▼
Fixed assets21/28€206k€164k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€202k€162k▼
Land and buildings22€79k€70k▼
Furniture and vehicles24€99k€70k▼
Other tangible fixed assets26€24k€21k▼
Current assets29/58€408k€403k▼
Stocks and contracts in progress3€4k-
Stocks30/36€4k-
Amounts receivable within one year40/41€96k€102k▲
Trade receivables40€18k€10k▼
Other amounts receivable41€78k€92k▲
Cash at bank and in hand54/58€302k€297k▼
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€614k€567k▼
Equity10/15€527k€466k▼
Contributions10/11€19k€19k=
Reserves13€454k€393k▼
Distributable reserves133€454k€393k▼
Profit (loss) carried forward14€55k€55k=
Amounts payable17/49€87k€100k▲
Amounts payable within one year42/48€83k€97k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€6k€6k▲
Suppliers440/4€6k€6k▲
Taxes, remuneration and social security45€57k€17k▼
Taxes450/3€57k€17k▼
Other amounts payable47/48€18k€74k▲
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€43k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-3k
Other operating charges640/8€5k€5k▲
Gross operating margin9900€95k€84k▼
Operating profit (loss)9901€50k€38k▼
Financial income75/76B€8k€5k▼
Recurring financial income75€8k€5k▼
Financial charges65/66B€180€138▼
Recurring financial charges65€180€138▼
Profit (loss) for the period before taxes9903€58k€43k▼
Income taxes67/77€18k€15k▼
Profit (loss) for the period9904€40k€28k▼
Profit (loss) for the period to be appropriated9905€40k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€83k▼
Profit (loss) brought forward from the previous period14P€55k€55k=
Transfer from equity791/2€18k€89k▲
Transfer to equity691/2€40k€28k▼
To the legal reserve6920€40k€28k▼
Profit to be distributed694/7€18k€89k▲
Return on contributions (dividend)694€18k€89k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €22k ▼77%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €510k ▲18.4%
5 profitable years in a row build equity to €510k.
01-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €136k ▲335%
Operating result €197k, net result €136k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.69
Current ratio from 2.28 to 6.69; short-term debt falls from €50k to €41k.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Tongeren-Borgloon · 3 establishment units 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.
Neremstraat 2763700 Tongeren-BorgloonGround area
1.5 ha
Building footprint
306 m²
Volume, LiDAR
3,627 m³
Parcel 73059A0861/00C012, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
LOFT 008
since 20192.292.280.739
PNP MANAGER
since 20242.357.254.012
PNP MANAGER
since 20242.366.783.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73059A0861/00C012 | Flanders | 1.5 ha | 1 · 306 m² | 13.6 m · 4 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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Flowtec IT
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EMBARK
BE 0480.111.594
Destelbergen · Eq €465k
D.K.V.G.
BE 0547.671.502
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KWAYA
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Of 2,362 companies in sector 78100 we hold annual accounts for 1,365. 896 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2004
Fiscal year end31-12
Activities, NACEBEL
74501
78100Employment placement agencies
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.