PPJ HOLDING
ActiveSummary
PPJ HOLDING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204,547 and a net result of €34,852. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€347,831total assets 2025
- Equity
- €204,547
- Profit
- €34,852
Turnover not published (abridged schema)
Who decides
Accounts 1 d early0 of 2 deeds read
Why 74- Higher-failure-rate region+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+63
Solvency84▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 2.68 against 5.82 in 2024; short-term debt: 27.4% and cash: 0.4% of total assets), and 41.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 →
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
58.8%
Return on assets
10%
Age of the figures
12 mo
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
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
6 d early
2022
2 d early
2021
1 d early
2020
on the day
2019
3 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 2 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 (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €34,852
- Equity above €200,000Eq €204,547 ▲20.5%
Financials
Fiscal year 2025Total assets €347,831Profit €34,852Solvency 58.8%Liquidity 2.68
Total assets
€347,831▲ 65.8%
2019 - 2025
Net result
€34,852
2019 - 2025
Equity
€204,547▲ 20.5%
2019 - 2025
Solvency
58.8%▼ 22.1pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,894▼ 94.8%€1,726▼ 55.7%€22,081▲ 1,179%-€18,907€47,669
Net result€10,769within the sector's middle half▼ 87.3%€15,798within the sector's middle half▲ 46.7%€17,313within the sector's middle half▲ 9.6%-€16,150below the sector's middle half€34,852within the sector's middle half
Equity€152,734within the sector's middle half▲ 7.6%€168,532within the sector's middle half▲ 10.3%€185,845within the sector's middle half▲ 10.3%€169,695within the sector's middle half▼ 8.7%€204,547within the sector's middle half▲ 20.5%
Total assets€304,650within the sector's middle half▲ 48.4%€189,183within the sector's middle half▼ 37.9%€233,236within the sector's middle half▲ 23.3%€209,832within the sector's middle half▼ 10.0%€347,831within the sector's middle half▲ 65.8%
Debt€151,916▲ 140%€20,651▼ 86.4%€47,391▲ 129%€40,137▼ 15.3%€143,283▲ 257%
Working capital€161,380above the sector's middle half▲ 14.0%€175,064above the sector's middle half▲ 8.5%€177,283above the sector's middle half▲ 1.3%€164,033above the sector's middle half▼ 7.5%€159,948above the sector's middle half▼ 2.5%
Solvency50.1%within the sector's middle half▼ 19.0pp89.1%above the sector's middle half▲ 38.9pp79.7%above the sector's middle half▼ 9.4pp80.9%above the sector's middle half▲ 1.2pp58.8%within the sector's middle half▼ 22.1pp
Current ratio2.13within the sector's middle half▼ 1.1113.50above the sector's middle half▲ 11.385.30above the sector's middle half▼ 8.205.82above the sector's middle half▲ 0.522.68within the sector's middle half▼ 3.14
Return on assets (ROA)3.5%within the sector's middle half▼ 37.9pp8.4%within the sector's middle half▲ 4.8pp7.4%within the sector's middle half▼ 0.9pp-7.7%below the sector's middle half▼ 15.1pp10.0%within the sector's middle half▲ 17.7pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €47,669 after a loss of €18,907 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €347,831
Fixed assets
€92,503 ▲ 686%
Current assets
€255,327 ▲ 28.9%
Equity and liabilities €347,831
Equity
€204,547 ▲ 20.5%
Debt
€143,283 ▲ 257%
Debt's share of the balance-sheet total rises from 19.1% to 41.2%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€52,729▲
2024 · -€15,957
Cash flow
€39,912▲
2024 · -€13,200
Debt to equity
0.70▲
2024 · 0.24
ROE
17.0%▲
2024 · -9.5%
Interest coverage
4.88▲
2024 · -3.57
Debt ≤ 1 year
€95,380▲
2024 · €34,030
Debt > 1 year
€41,908
Income taxes
€11,164▲
2024 · €1,289
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
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 497,341 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% | 1.8% |
| 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 34,696 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €124 | €124 | €151 | €2,950 | €5,060 | ▲ 71.5% |
| Other operating charges640/8 | €1,862 | €1,170 | €935 | €1,015 | €1,470 | ▲ 44.9% |
| Gross operating margin9900 | €5,879 | €3,019 | €23,167 | -€14,942 | €54,199 | ▲ 463% |
| Operating profit (loss)9901 | €3,894 | €1,726 | €22,081 | -€18,907 | €47,669 | ▲ 352% |
| Financial income75/76B | €15,771 | €18,047 | €8,173 | €8,514 | €9,150 | ▲ 7.5% |
| Recurring financial income75 | €15,771 | €18,047 | €8,173 | €8,514 | €9,150 | ▲ 7.5% |
| Financial charges65/66B | €8,895 | €3,296 | €4,628 | €4,468 | €10,802 | ▲ 142% |
| Recurring financial charges65 | €8,895 | €3,296 | €4,628 | €4,468 | €10,802 | ▲ 142% |
| Profit (loss) for the period before taxes9903 | €10,769 | €16,477 | €25,626 | -€14,861 | €46,016 | ▲ 410% |
| Income taxes67/77 | - | €679 | €8,314 | €1,289 | €11,164 | ▲ 766% |
| Profit (loss) for the period9904 | €10,769 | €15,798 | €17,313 | -€16,150 | €34,852 | ▲ 316% |
| Profit (loss) for the period to be appropriated9905 | €10,769 | €15,798 | €17,313 | -€16,150 | €34,852 | ▲ 316% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304,650 | €189,183 | €233,236 | €209,832 | €347,831 | ▲ 65.8% |
| Fixed assets21/28 | €242 | €119 | €14,720 | €11,769 | €92,503 | ▲ 686% |
| Tangible fixed assets22/27 | €242 | €119 | €14,720 | €11,769 | €92,503 | ▲ 686% |
| Furniture and vehicles24 | €242 | €119 | €14,720 | €11,769 | €92,503 | ▲ 686% |
| Current assets29/58 | €304,407 | €189,064 | €218,516 | €198,062 | €255,327 | ▲ 28.9% |
| Amounts receivable within one year40/41 | €288,011 | €124,640 | €212,370 | €193,941 | €250,928 | ▲ 29.4% |
| Trade receivables40 | €11,027 | €1,857 | €80,048 | €23,460 | €3,406 | ▼ 85.5% |
| Other amounts receivable41 | €276,984 | €122,783 | €132,322 | €170,481 | €247,521 | ▲ 45.2% |
| Cash at bank and in hand54/58 | €2,158 | €62,586 | €1,031 | €45 | €1,321 | ▲ 2,808% |
| Deferred charges and accrued income490/1 | €14,239 | €1,839 | €5,116 | €4,076 | €3,078 | ▼ 24.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304,650 | €189,183 | €233,236 | €209,832 | €347,831 | ▲ 65.8% |
| Equity10/15 | €152,734 | €168,532 | €185,845 | €169,695 | €204,547 | ▲ 20.5% |
| Contributions10/11 | €170,000 | €170,000 | €170,000 | €170,000 | €170,000 | = |
| Reserves13 | - | - | €15,800 | €15,800 | €15,800 | = |
| Distributable reserves133 | - | - | €15,800 | €15,800 | €15,800 | = |
| Profit (loss) carried forward14 | -€17,266 | -€1,468 | €45 | -€16,105 | €18,747 | ▲ 216% |
| Amounts payable17/49 | €151,916 | €20,651 | €47,391 | €40,137 | €143,283 | ▲ 257% |
| Amounts payable after more than one year17 | - | - | - | - | €41,908 | - |
| Financial debts170/4 | - | - | - | - | €41,908 | - |
| Amounts payable within one year42/48 | €143,027 | €14,000 | €41,234 | €34,030 | €95,380 | ▲ 180% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9,692 | - |
| Trade debts44 | €9,204 | €12,310 | €27,471 | €28,815 | €52,738 | ▲ 83.0% |
| Suppliers440/4 | €9,204 | €12,310 | €27,471 | €28,815 | €52,738 | ▲ 83.0% |
| Taxes, remuneration and social security45 | €2,307 | €1,691 | €5,658 | €5,215 | €17,935 | ▲ 244% |
| Taxes450/3 | €2,307 | €1,691 | €5,658 | €5,215 | €17,935 | ▲ 244% |
| Other amounts payable47/48 | €131,517 | - | €8,104 | - | €15,015 | - |
| Accrued charges and deferred income492/3 | €8,889 | €6,651 | €6,158 | €6,107 | €5,996 | ▼ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,769 | €15,798 | €17,313 | -€16,150 | €34,852 | ▲ 316% |
| + Depreciation and write-downs630 | €124 | €124 | €151 | €2,950 | €5,060 | ▲ 71.5% |
| Operating cash flow (approximation) | €10,892 | €15,922 | €17,464 | -€13,200 | €39,912 | ▲ 402% |
| Investment in fixed assets (approximation) | - | €0 | -€14,752 | €0 | -€85,794 | - |
| Change in cash | - | €60,428 | -€61,554 | -€986 | €1,276 | ▲ 229% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Bree · Eq €204,563
MIRABELLE
BE 0441.951.992
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BelFlow
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VALDESCO
BE 0839.010.210
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 40,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
17 eventsLatest 29-04-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €34,852
Net result €34,852 after one loss-making year.
30-09
Financial
Equity above €200,000Eq €204,547 ▲20.5%
Equity rises from €169,695 to €204,547.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€16,150
Net result drops to -€16,150, the lowest in the series; recovery starts the following year.
24-04
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
Liquidity times 6current ratio 13.50
Current ratio from 2.13 to 13.50; short-term debt falls from €143,027 to €14,000.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €150,000Eq €152,734 ▲7.6%
3 profitable years in a row build equity to €152,734.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2019net €85,117 ▲37.5%
Operating result €75,402, net result €85,117, both a record.
Show earlier events
30-09
Financial
Equity above €100,000Eq €141,965 ▲150%
2 profitable years in a row build equity to €141,965.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
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.
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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Company details
Private limited company (pre-2019) · founded 07-12-2009Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded07-12-2009
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
73300Public relations and communication consultancy
Contact
Phone
0474/999369Schaarbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821162606
Also
9925:BE0821162606
Registered
29-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2009
Ground area
1,401 m²
Building footprint
912 m²
Volume, LiDAR
4,559 m³
Parcel 21904B0533/00R000, Brussels · tallest building 22.9 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
PPJ Holding
since 2009unit no. 2.185.835.216
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0533/00R000 | Brussels | 1,401 m² | 1 · 912 m² | 22.9 m · 1 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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