PONGA
ActiveSummary
PONGA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,204 and a net result of -€112,176. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 18% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▼-53
Solvency36▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.41 against 2.96 in 2024; short-term debt: 9.8% and cash: 2.5% of total assets), and 88.7% of the assets are financed with debt.
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Signals
Four 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
45 d early
2024
on the day
2023
3 d early
2022
2 d early
2021
65 d early
2020
38 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€112,176
2024 · €135,370
Working capital
-€70,053
2024 · €188,310
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result-€1,809€35,705€28,387▼ 20.5%€176,671▲ 522%-€26,899
Net result-€25,750below the sector's middle half€7,924within the sector's middle half-€22,166below the sector's middle half€135,370above the sector's middle half-€112,176below the sector's middle half
Equity€212,752within the sector's middle half▼ 10.8%€220,676within the sector's middle half▲ 3.7%€198,510within the sector's middle half▼ 10.0%€313,880above the sector's middle half▲ 58.1%€136,204within the sector's middle half▼ 56.6%
Total assets€2.1mabove the sector's middle half▲ 250%€2.0mabove the sector's middle half▼ 0.8%€2.0mabove the sector's middle half▼ 2.1%€1.4mabove the sector's middle half▼ 32.1%€1.2mabove the sector's middle half▼ 11.6%
Debt€1.8m▲ 427%€1.8m▼ 1.3%€1.8m▼ 1.2%€1.0m▼ 42.0%€1.1m▲ 2.0%
Working capital-€23,925below the sector's middle half-€24,139below the sector's middle half▼ 0.9%-€31,653below the sector's middle half▼ 31.1%€188,310above the sector's middle half-€70,053below the sector's middle half
Solvency10.3%below the sector's middle half▼ 30.2pp10.8%below the sector's middle half▲ 0.5pp9.9%below the sector's middle half▼ 0.9pp23.1%below the sector's middle half▲ 13.2pp11.3%below the sector's middle half▼ 11.8pp
Current ratio0.62below the sector's middle half▼ 7.430.78below the sector's middle half▲ 0.160.69below the sector's middle half▼ 0.082.96within the sector's middle half▲ 2.260.41below the sector's middle half▼ 2.55
Return on assets (ROA)-1.3%below the sector's middle half▼ 3.7pp0.4%below the sector's middle half▲ 1.6pp-1.1%below the sector's middle half▼ 1.5pp10.0%within the sector's middle half▲ 11.1pp-9.3%below the sector's middle half▼ 19.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €26,899 after €176,671 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m ▲ 7.4%
Current assets
€47,941 ▼ 83.2%
Equity and liabilities €1.2m
Equity
€136,204 ▼ 56.6%
Debt
€1.1m ▲ 2.0%
Debt's share of the balance-sheet total rises from 76.9% to 88.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43,753▼
2024 · €296,751
Cash flow
-€41,524▼
2024 · €255,450
Debt to equity
7.81▲
2024 · 3.33
ROE
-82.4%▼
2024 · 43.1%
Interest coverage
1.78▼
2024 · 5.27
Debt ≤ 1 year
€117,994▲
2024 · €96,300
Debt > 1 year
€946,305▲
2024 · €925,304
Income taxes
€60,630
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,422 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €189,834 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,045 | €62,913 | €64,211 | €120,080 | €70,652 | ▼ 41.2% |
| Other operating charges640/8 | - | €567 | €604 | €1,572 | €4,239 | ▲ 170% |
| Gross operating margin9900 | €26,803 | €99,185 | €93,202 | €298,323 | €47,992 | ▼ 83.9% |
| Operating profit (loss)9901 | -€1,809 | €35,705 | €28,387 | €176,671 | -€26,899 | ▼ 115% |
| Financial income75/76B | - | €58 | €11 | €15,011 | €60 | ▼ 99.6% |
| Recurring financial income75 | - | €58 | €11 | €15,011 | €60 | ▼ 99.6% |
| Financial charges65/66B | - | €27,358 | €50,088 | €56,312 | €24,707 | ▼ 56.1% |
| Recurring financial charges65 | €23,342 | €27,358 | €50,088 | €56,312 | €24,597 | ▼ 56.3% |
| Non-recurring financial charges66B | - | - | - | - | €110 | - |
| Profit (loss) for the period before taxes9903 | -€25,151 | €8,405 | -€21,690 | €135,370 | -€51,546 | ▼ 138% |
| Income taxes67/77 | €599 | €481 | €476 | - | €60,630 | - |
| Profit (loss) for the period9904 | -€25,750 | €7,924 | -€22,166 | €135,370 | -€112,176 | ▼ 183% |
| Profit (loss) for the period to be appropriated9905 | -€25,750 | €7,924 | -€22,166 | €135,370 | -€112,176 | ▼ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.0m | €2.0m | €1.4m | €1.2m | ▼ 11.6% |
| Fixed assets21/28 | €2.0m | €2.0m | €1.9m | €1.1m | €1.2m | ▲ 7.4% |
| Tangible fixed assets22/27 | €2.0m | €2.0m | €1.9m | €1.1m | €1.2m | ▲ 7.4% |
| Land and buildings22 | - | €2.0m | €1.9m | €1.1m | €1.1m | ▲ 7.6% |
| Furniture and vehicles24 | - | €1,582 | €2,178 | €9,264 | €7,812 | ▼ 15.7% |
| Financial fixed assets28 | - | - | - | €1,160 | €1,160 | = |
| Current assets29/58 | €38,655 | €83,995 | €71,514 | €284,610 | €47,941 | ▼ 83.2% |
| Amounts receivable within one year40/41 | €18,680 | €45,953 | €39,510 | €30,572 | €18,079 | ▼ 40.9% |
| Trade receivables40 | - | €39,418 | €38,175 | €26,048 | €12,000 | ▼ 53.9% |
| Other amounts receivable41 | - | €6,535 | €1,335 | €4,524 | €6,079 | ▲ 34.4% |
| Cash at bank and in hand54/58 | €17,592 | €38,042 | €32,004 | €254,038 | €29,862 | ▼ 88.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €2.0m | €1.4m | €1.2m | ▼ 11.6% |
| Equity10/15 | €212,752 | €220,676 | €198,510 | €313,880 | €136,204 | ▼ 56.6% |
| Contributions10/11 | - | €136,200 | €136,200 | €136,200 | €136,200 | = |
| Reserves13 | €87,360 | €87,360 | €87,360 | €67,360 | €1,860 | ▼ 97.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €85,500 | €85,500 | €65,500 | - | - |
| Profit (loss) carried forward14 | -€10,808 | -€2,884 | -€25,050 | €110,320 | -€1,856 | ▼ 102% |
| Amounts payable17/49 | €1.8m | €1.8m | €1.8m | €1.0m | €1.1m | ▲ 2.0% |
| Amounts payable after more than one year17 | €1.8m | €1.7m | €1.7m | €925,304 | €946,305 | ▲ 2.3% |
| Financial debts170/4 | - | €1.4m | €1.3m | €627,776 | €646,305 | ▲ 3.0% |
| Other amounts payable178/9 | - | €351,481 | €351,481 | €297,528 | €300,000 | ▲ 0.8% |
| Amounts payable within one year42/48 | €62,580 | €108,134 | €103,167 | €96,300 | €117,994 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | €69,161 | €66,725 | €36,579 | €41,471 | ▲ 13.4% |
| Trade debts44 | €4,247 | €4,796 | €439 | €17,184 | €2,557 | ▼ 85.1% |
| Suppliers440/4 | - | €4,796 | €439 | €17,184 | €2,557 | ▼ 85.1% |
| Advances received on contracts in progress46 | - | €20,000 | €20,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €14,177 | €16,003 | €22,537 | €8,466 | ▼ 62.4% |
| Taxes450/3 | - | €14,177 | €16,003 | €21,037 | €8,466 | ▼ 59.8% |
| Remuneration and social security454/9 | - | - | - | €1,500 | - | - |
| Other amounts payable47/48 | - | - | - | €20,000 | €65,500 | ▲ 228% |
| Accrued charges and deferred income492/3 | - | €1,717 | €20,557 | €22,274 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,750 | €7,924 | -€22,166 | €135,370 | -€112,176 | ▼ 183% |
| + Depreciation and write-downs630 | €28,045 | €62,913 | €64,211 | €120,080 | €70,652 | ▼ 41.2% |
| Operating cash flow (approximation) | €2,295 | €70,837 | €42,045 | €255,450 | -€41,524 | ▼ 116% |
| Investment in fixed assets (approximation) | - | -€811 | -€32,832 | €734,235 | -€150,066 | ▼ 120% |
| Change in cash | - | €20,450 | -€6,038 | €222,034 | -€224,176 | ▼ 201% |
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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€112,176
Net result drops to -€112,176, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €135,370
Net result €135,370 after one loss-making year.
30-09
Financial
Liquidity quadruplescurrent ratio 2.96
Current ratio from 0.69 to 2.96; short-term debt falls from €103,167 to €96,300.
30-09
Financial
Equity above €200,000Eq €313,880 ▲58.1%
Equity rises from €198,510 to €313,880.
27-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €7,924
Net result €7,924 after one loss-making year.
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Liquidity quadruplescurrent ratio 8.05
Current ratio from 1.94 to 8.05; short-term debt falls from €35,073 to €31,706.
Show earlier events
30-09
Financial
Equity above €200,000Eq €238,502 ▲154%
3 profitable years in a row build equity to €238,502.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Liège · 1 establishment unit since 2015
Ground area
575 m²
Building footprint
118 m²
Volume, LiDAR
2,068 m³
Parcel 62805B0310/00L004, Wallonia · tallest building 18.7 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PONGA
since 20152.249.557.979
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0310/00L004 ProtectedMonument · Site or landscape |
Wallonia | 575 m² | 1 · 118 m² | 18.7 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,895 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
Founded10-12-2015
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644410887
Also
9925:BE0644410887
Registered
22-09-2026
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.