PPH SERVICES
ActiveSummary
PPH SERVICES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,324 and a net result of €6,093. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 1536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-10
Solvency89▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.73 against 2.31 in 2024; short-term debt: 36% and cash: 1.8% of total assets), and 36% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more 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
64%
Return on assets
16.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €23,324
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
9 d early
2023
38 d early
2022
34 d early
2021
29 d early
2020
19 d early
2019
25 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 26 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€23,324▲ 4.9%
2024 · €22,230
Total assets
€36,421▼ 2.9%
2024 · €37,524
Net result
€6,093▼ 62.1%
2024 · €16,058
Working capital
€22,593▲ 12.6%
2024 · €20,058
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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-€27,863€20,024€13,287▼ 33.6%€20,279▲ 52.6%€6,167▼ 69.6%
Net result-€28,690below the sector's middle half€19,052within the sector's middle half€11,762within the sector's middle half▼ 38.3%€16,058within the sector's middle half▲ 36.5%€6,093within the sector's middle half▼ 62.1%
Equity-€642below the sector's middle half€18,410within the sector's middle half€12,173within the sector's middle half▼ 33.9%€22,230within the sector's middle half▲ 82.6%€23,324within the sector's middle half▲ 4.9%
Total assets€45,894below the sector's middle half▼ 55.8%€36,210below the sector's middle half▼ 21.1%€28,711below the sector's middle half▼ 20.7%€37,524below the sector's middle half▲ 30.7%€36,421below the sector's middle half▼ 2.9%
Debt€46,536▼ 38.5%€17,800▼ 61.8%€16,538▼ 7.1%€15,294▼ 7.5%€13,097▼ 14.4%
Working capital-€1,196within the sector's middle half▲ 96.2%€17,657within the sector's middle half€8,502within the sector's middle half▼ 51.9%€20,058within the sector's middle half▲ 136%€22,593within the sector's middle half▲ 12.6%
Solvency-1.4%below the sector's middle half▼ 28.4pp50.8%within the sector's middle half▲ 52.2pp42.4%within the sector's middle half▼ 8.4pp59.2%within the sector's middle half▲ 16.8pp64.0%above the sector's middle half▲ 4.8pp
Current ratio0.97within the sector's middle half▲ 0.482.30above the sector's middle half▲ 1.341.51within the sector's middle half▼ 0.792.31above the sector's middle half▲ 0.802.73above the sector's middle half▲ 0.41
Return on assets (ROA)-62.5%below the sector's middle half▼ 77.2pp52.6%above the sector's middle half▲ 115.1pp41.0%above the sector's middle half▼ 11.6pp42.8%above the sector's middle half▲ 1.8pp16.7%above the sector's middle half▼ 26.1pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
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 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36,421
Fixed assets
€731 ▼ 66.4%
Current assets
€35,690 ▲ 1.0%
Equity and liabilities €36,421
Equity
€23,324 ▲ 4.9%
Debt
€13,097 ▼ 14.4%
Debt's share of the balance-sheet total falls from 40.8% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,609▼
2024 · €21,778
Cash flow
€7,535▼
2024 · €17,556
Quick ratio
0.94▲
2024 · 0.70
Debt to equity
0.56▼
2024 · 0.69
ROE
26.1%▼
2024 · 72.2%
Interest coverage
38.71▼
2024 · 60.66
Debt ≤ 1 year
€13,097▼
2024 · €15,294
Income taxes
€521▼
2024 · €3,863
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,370 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 | - | €223 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,338 | €5,395 | €5,670 | €1,498 | €1,442 | ▼ 3.8% |
| Other operating charges640/8 | €999 | €685 | €643 | €714 | €732 | ▲ 2.4% |
| Non-recurring operating charges66A | €49,816 | - | - | €208 | - | - |
| Gross operating margin9900 | €28,291 | €26,104 | €19,600 | €22,700 | €8,341 | ▼ 63.3% |
| Operating profit (loss)9901 | -€27,863 | €20,024 | €13,287 | €20,279 | €6,167 | ▼ 69.6% |
| Financial income75/76B | €182 | €0 | €0 | €0 | €644 | ▲ 6,435,300% |
| Recurring financial income75 | €182 | €0 | €0 | €0 | €644 | ▲ 6,435,300% |
| Financial charges65/66B | €1,009 | €972 | €705 | €359 | €197 | ▼ 45.2% |
| Recurring financial charges65 | €1,009 | €972 | €705 | €359 | €197 | ▼ 45.2% |
| Profit (loss) for the period before taxes9903 | -€28,690 | €19,052 | €12,583 | €19,920 | €6,614 | ▼ 66.8% |
| Income taxes67/77 | - | - | €820 | €3,863 | €521 | ▼ 86.5% |
| Profit (loss) for the period9904 | -€28,690 | €19,052 | €11,762 | €16,058 | €6,093 | ▼ 62.1% |
| Profit (loss) for the period to be appropriated9905 | -€28,690 | €19,052 | €11,762 | €16,058 | €6,093 | ▼ 62.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,894 | €36,210 | €28,711 | €37,524 | €36,421 | ▼ 2.9% |
| Fixed assets21/28 | €10,411 | €5,016 | €3,671 | €2,173 | €731 | ▼ 66.4% |
| Tangible fixed assets22/27 | €10,411 | €5,016 | €3,671 | €2,173 | €731 | ▼ 66.4% |
| Plant, machinery and equipment23 | - | - | €3,615 | €2,173 | €731 | ▼ 66.4% |
| Furniture and vehicles24 | €10,411 | €5,016 | €56 | - | - | - |
| Current assets29/58 | €35,484 | €31,194 | €25,040 | €35,352 | €35,690 | ▲ 1.0% |
| Stocks and contracts in progress3 | €18,070 | €19,563 | €21,699 | €24,716 | €23,337 | ▼ 5.6% |
| Stocks30/36 | €18,070 | €19,563 | €21,699 | €24,716 | €23,337 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €7,072 | €7,914 | €652 | €5,946 | €9,836 | ▲ 65.4% |
| Trade receivables40 | €7,072 | €1,896 | €531 | - | €810 | - |
| Other amounts receivable41 | - | €6,018 | €121 | €5,946 | €9,026 | ▲ 51.8% |
| Cash at bank and in hand54/58 | €8,448 | €1,974 | €930 | €3,335 | €648 | ▼ 80.6% |
| Deferred charges and accrued income490/1 | €1,894 | €1,743 | €1,759 | €1,354 | €1,868 | ▲ 37.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,894 | €36,210 | €28,711 | €37,524 | €36,421 | ▼ 2.9% |
| Equity10/15 | -€642 | €18,410 | €12,173 | €22,230 | €23,324 | ▲ 4.9% |
| Contributions10/11 | €18,600 | €18,600 | €600 | €600 | €600 | = |
| Reserves13 | - | - | - | - | €1,093 | - |
| Distributable reserves133 | - | - | - | - | €1,093 | - |
| Profit (loss) carried forward14 | -€19,242 | -€190 | €11,573 | €21,630 | €21,630 | = |
| Amounts payable17/49 | €46,536 | €17,800 | €16,538 | €15,294 | €13,097 | ▼ 14.4% |
| Amounts payable after more than one year17 | €9,686 | €4,151 | - | - | - | - |
| Financial debts170/4 | €9,686 | €4,151 | - | - | - | - |
| Amounts payable within one year42/48 | €36,680 | €13,537 | €16,538 | €15,294 | €13,097 | ▼ 14.4% |
| Current portion of amounts payable after more than one year42 | €5,535 | €5,535 | €4,151 | - | - | - |
| Trade debts44 | €4,847 | €3,431 | €3,008 | €2,320 | €2,862 | ▲ 23.4% |
| Suppliers440/4 | €4,847 | €3,431 | €3,008 | €2,320 | €2,862 | ▲ 23.4% |
| Taxes, remuneration and social security45 | €2,603 | €4,571 | €2,270 | €6,732 | €5,235 | ▼ 22.2% |
| Taxes450/3 | €2,603 | €4,571 | €2,270 | €6,732 | €5,235 | ▼ 22.2% |
| Other amounts payable47/48 | €23,695 | - | €7,109 | €6,242 | €5,000 | ▼ 19.9% |
| Accrued charges and deferred income492/3 | €170 | €111 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,690 | €19,052 | €11,762 | €16,058 | €6,093 | ▼ 62.1% |
| + Depreciation and write-downs630 | €5,338 | €5,395 | €5,670 | €1,498 | €1,442 | ▼ 3.8% |
| Operating cash flow (approximation) | -€23,351 | €24,447 | €17,433 | €17,556 | €7,535 | ▼ 57.1% |
| Investment in fixed assets (approximation) | - | €0 | -€4,326 | €0 | €0 | - |
| Change in cash | - | -€6,474 | -€1,044 | €2,405 | -€2,687 | ▼ 212% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19,052
Net result €19,052 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.30
Current ratio from 0.97 to 2.30; short-term debt falls from €36,680 to €13,537.
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€28,690
Net result drops to -€28,690, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €23,851 ▲156%
Operating result €28,119, net result €23,851, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Antwerpen · 1 establishment unit since 2006
Ground area
313 m²
Building footprint
69 m²
Volume, LiDAR
567 m³
Parcel 11463D0377/00B003, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PPH Services
since 20062.151.144.155
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0377/00B003 | Flanders | 313 m² | 1 · 69 m² | 11.0 m · 3 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.
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Of 233 companies in sector 77221 we hold annual accounts for 125. 69 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
Founded19-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
77221Rental and leasing activities
77229Renting and leasing of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876793292
Also
9925:BE0876793292
Registered
27-11-2024
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.