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PPS EU

Active Risk: not assessed
Public limited companyfounded 2018active for 8 yearsHerrmann-Debrouxlaan 40-42, 1160 Oudergem, BelgiumKBO/BCE: BE 0712.775.202

Financials · financial year 2025, full format

Annual accounts 2025 filed on 04-06-2026 PDF all 7 filings

Equity
€14.7m▲ 12.4%
2024 · €13.1m
Net result
€1.6m
2024 · -€732,873
Total assets
€399.3m▼ 66.6%
2024 · €1.19bn
Solvency
3.7%▲ 2.6pp
2024 · 1.1%
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is a loss of €2.9m, smaller than the loss of €4.1m in 2024.

Turnover€20.1m 2025 Operating result-€2.9m 2025 Net result€1.6m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€0.7m-€4.3m▲ 492%€4.9m▲ 13.0%€5.6m▲ 15.6%€8.3m▲ 48.2%€17.0m▲ 104%€20.1m▲ 17.9%
Operating result-€0.2m--€0.4m▼ 74.8%-€0.01m▲ 97.1%-€1.3m▼ 11,476%-€4.7m▼ 262%-€4.1m▲ 12.7%-€2.9m▲ 30.0%
Net result-€0.2m--€1.0mbelow the sector's middle half▼ 549%€0.3mabove the sector's middle half-€1.4mbelow the sector's middle half-€2.1mbelow the sector's middle half▼ 54.0%-€0.7mbelow the sector's middle half▲ 65.2%€1.6mabove the sector's middle half
Equity€8.2m-€8.7mabove the sector's middle half▲ 6.1%€11.5mabove the sector's middle half▲ 31.9%€10.1mabove the sector's middle half▼ 11.9%€13.8mabove the sector's middle half▲ 36.8%€13.1mabove the sector's middle half▼ 5.3%€14.7mabove the sector's middle half▲ 12.4%
Total assets€444.1m-€528.7mabove the sector's middle half▲ 19.0%€524.2mabove the sector's middle half▼ 0.9%€667.7mabove the sector's middle half▲ 27.4%€1,491.5mabove the sector's middle half▲ 123%€1,194.5mabove the sector's middle half▼ 19.9%€399.3mabove the sector's middle half▼ 66.6%
Debt€435.9m-€520.0m▲ 19.3%€512.7m▼ 1.4%€657.6m▲ 28.3%€1,477.6m▲ 125%€1,181.5m▼ 20.0%€384.6m▼ 67.4%
Working capital€6.6m-€9.8mabove the sector's middle half▲ 49.0%€10.2mabove the sector's middle half▲ 3.8%€8.1mabove the sector's middle half▼ 20.2%€10.1mabove the sector's middle half▲ 23.4%€13.4mabove the sector's middle half▲ 33.1%€12.2mabove the sector's middle half▼ 8.7%
Solvency1.8%-1.6%below the sector's middle half▼ 0.2pp2.2%below the sector's middle half▲ 0.5pp1.5%below the sector's middle half▼ 0.7pp0.9%below the sector's middle half▼ 0.6pp1.1%below the sector's middle half▲ 0.2pp3.7%below the sector's middle half▲ 2.6pp
Current ratio1.02-1.02within the sector's middle half=1.02within the sector's middle half=1.01within the sector's middle half▼ 0.011.01within the sector's middle half▼ 0.011.01within the sector's middle half=1.03within the sector's middle half▲ 0.02
Return on assets (ROA)0.0%--0.2%below the sector's middle half▼ 0.2pp0.1%below the sector's middle half▲ 0.2pp-0.2%below the sector's middle half▼ 0.3pp-0.1%below the sector's middle half▲ 0.1pp-0.1%below the sector's middle half▲ 0.1pp0.4%below the sector's middle half▲ 0.5pp
Staff (FTE)2.3-5.2within the sector's middle half▲ 126%8.3above the sector's middle half▲ 59.6%13.3above the sector's middle half▲ 60.2%19.5above the sector's middle half▲ 46.6%31above the sector's middle half▲ 59.0%31.5above the sector's middle half▲ 1.6%
above within below The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399.3m
Fixed assets €4.7m ▼ 7.5%
Current assets €394.6m ▼ 66.8%
Equity and liabilities €399.3m
Equity €14.7m ▲ 12.4%
Debt €384.6m ▼ 67.4%
Debt's share of the balance-sheet total falls from 98.9% to 96.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
11.0%▲
2024 · -5.6%
Debt ≤ 1 year
€382.4m▼
2024 · €1.18bn
Income taxes
€2,732▼
2024 · €18,066
Staff costs
€4.5m▼
2024 · €4.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date1216283231
full-time1216283131
part-time---1-
in full-time equivalents12162831.931
Average over the year, in full-time equivalents8.313.319.530.831.5
On a permanent contract1216283231
Joined151117148
Left875109
Training hours4230125303325

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€5,228€22,789€15,939€326,313€63,620
Intangible fixed assets--€3.8m-€289,560
Depreciation and write-downs of the year€286,350€289,336€391,873€500,056€724,333

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit€34,700€41,212€40,709€38,400€39,820
Other work by the auditor--€75,156--

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Comparable companies

These companies have the same main activity as PPS EU: other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199). They are comparable in size and age: total assets between €74m and €689m, founded between 2012 and 2020.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
PPS EU Oudergem2018€399.3m€14.7m€20.1m€1.6m31.52025
EPI Company Brussel2020€443.8m€415.4m€31.0m-€71.4m15.72025
PAYNOVATE Brussel2014€178.7m€2.7m€27.4m€0.03m24.72025
BATOPIN Sint-Joost-ten-Node2020€247.7m€44.6m€115.0m€12.2m31.42025
IBANFIRST Brussel2012€689.2m€18.5m€47.9m-€1.1m19.62025
Bancontact Company Brussel2017€74.4m€33.3m€36.3m€3.8m51.82025
Mastercard Transaction Services (Europe) Waterloo2014€76.9m€17.5m€3.7m-€0.3m38.82024

They were chosen from the 941 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines

Source: Annual accounts 2025 (PDF), filed on 04-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1,194.5m€399.3m▼
Fixed assets21/28€5.1m€4.7m▼
Intangible fixed assets21€4.8m€4.4m▼
Tangible fixed assets22/27€0.3m€0.3m▼
Plant, machinery and equipment23€0.2m€0.2m▼
Furniture and vehicles24€0.1m€0.2m▲
Financial fixed assets28€150€150=
Other financial fixed assets284/8€150€150=
Amounts receivable and cash guarantees285/8€150€150=
Current assets29/58€1,189.4m€394.6m▼
Amounts receivable within one year40/41€790.3m€11.2m▼
Trade receivables40€3.2m€4.7m▲
Other amounts receivable41€787.1m€6.5m▼
Current investments50/53€87.7m€85.4m▼
Other investments51/53€87.7m€85.4m▼
Cash at bank and in hand54/58€311.1m€297.4m▼
Deferred charges and accrued income490/1€0.3m€0.5m▲
Equity and liabilities
Total equity and liabilities10/49€1,194.5m€399.3m▼
Equity10/15€13.1m€14.7m▲
Contributions10/11€18.2m€18.2m=
Capital10€18.2m€18.2m=
Issued capital100€18.2m€18.2m=
Profit (loss) carried forward14-€5.1m-€3.5m▲
Amounts payable17/49€1,181.5m€384.6m▼
Amounts payable within one year42/48€1,176.1m€382.4m▼
Trade debts44€81.4m€9.1m▼
Suppliers440/4€81.4m€9.1m▼
Taxes, remuneration and social security45€1.4m€1.6m▲
Taxes450/3€0.2m€0.3m▲
Remuneration and social security454/9€1.2m€1.3m▲
Other amounts payable47/48€1,093.2m€371.7m▼
Accrued charges and deferred income492/3€5.4m€2.2m▼
Income statement Code20242025
Operating income70/76A€17.0m€20.1m▲
Turnover70€17.0m€20.1m▲
Change in stocks of work in progress, finished goods and contracts in progress71€0.001m-
Other operating income74-€0.01m
Operating charges60/66A€21.1m€22.9m▲
Goods for resale, raw materials and consumables60€0.6m€0.5m▼
Purchases600/8€0.6m€0.5m▼
Services and other goods61€15.2m€16.8m▲
Remuneration, social security and pensions62€4.8m€4.5m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.7m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.09m
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.01m-
Other operating charges640/8€0.02m€0.3m▲
Operating profit (loss)9901-€4.1m-€2.9m▲
Financial income75/76B€3.8m€4.6m▲
Recurring financial income75€3.8m€4.6m▲
Income from financial fixed assets750-€0.04m
Other financial income752/9€3.8m€4.6m▲
Financial charges65/66B€0.4m€0.2m▼
Recurring financial charges65€0.4m€0.2m▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0
Other financial charges652/9€0.4m€0.2m▼
Profit (loss) for the period before taxes9903-€0.7m€1.6m▲
Income taxes67/77€0.02m€0.003m▼
Taxes670/3€0.02m€0.003m▼
Profit (loss) for the period9904-€0.7m€1.6m▲
Profit (loss) for the period to be appropriated9905-€0.7m€1.6m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5.1m-€3.5m▲
Profit (loss) brought forward from the previous period14P-€4.4m-€5.1m▼
Social balance sheet
Average headcount (FTE)908731.031.5▲

The notes to these accounts have 42 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Operating income70/76A--€4.9m€5.6m€8.4m€17.0m€20.1m▲ 17.9%
Turnover70€0.7m€4.3m€4.9m€5.6m€8.3m€17.0m€20.1m▲ 17.9%
Change in stocks of work in progress, finished goods and contracts in progress71-----€0.001m--
Other operating income74--€0.005m€0.008m€0.01m-€0.01m-
Operating charges60/66A--€4.9m€6.9m€13.0m€21.1m€22.9m▲ 8.6%
Goods for resale, raw materials and consumables60--€0.5m€0.6m€0.6m€0.6m€0.5m▼ 13.6%
Purchases600/8--€0.5m€0.6m€0.6m€0.6m€0.5m▼ 13.6%
Services and other goods61--€3.4m€4.1m€8.7m€15.2m€16.8m▲ 10.9%
Remuneration, social security and pensions62--€0.7m€1.3m€3.2m€4.8m€4.5m▼ 7.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.3m€0.3m€0.3m€0.4m€0.5m€0.7m▲ 44.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.7m€0.05m-€0.09m-
Provisions for liabilities and charges: additions (uses and reversals)635/8------€0.01m--
Other operating charges640/8--€31€0.02m€0.1m€0.02m€0.3m▲ 19×
Operating profit (loss)9901-€0.2m-€0.4m-€0.01m-€1.3m-€4.7m-€4.1m-€2.9m▲ 30.0%
Financial income75/76B--€1.1m€0.3m€2.9m€3.8m€4.6m▲ 23.0%
Recurring financial income75€0.1m€0.02m€1.1m€0.3m€2.9m€3.8m€4.6m▲ 23.0%
Income from financial fixed assets750------€0.04m-
Other financial income752/9--€1.1m€0.3m€2.9m€3.8m€4.6m▲ 21.9%
Financial charges65/66B--€0.8m€0.4m€0.4m€0.4m€0.2m▼ 61.4%
Recurring financial charges65€0.04m€0.6m€0.8m€0.4m€0.4m€0.4m€0.2m▼ 61.4%
Debt charges650€0.04m€0.01m€0.04m€0.03m----
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651------€0-
Other financial charges652/9--€0.8m€0.3m€0.4m€0.4m€0.2m▼ 61.4%
Profit (loss) for the period before taxes9903-€0.2m-€1.0m€0.3m-€1.4m-€2.1m-€0.7m€1.6m-
Income taxes67/77--€0.001m--€0.02m€0.003m▼ 84.9%
Taxes670/3--€0.001m--€0.02m€0.003m▼ 84.9%
Profit (loss) for the period9904-€0.2m-€1.0m€0.3m-€1.4m-€2.1m-€0.7m€1.6m-
Profit (loss) for the period to be appropriated9905-€0.2m-€1.0m€0.3m-€1.4m-€2.1m-€0.7m€1.6m-
Line2019202020212022202320242025Change
Assets
Total assets20/58€444.1m€528.7m€524.2m€667.7m€1,491.5m€1,194.5m€399.3m▼ 66.6%
Formation expenses20€2.8m€2.6m€0-----
Fixed assets21/28--€2.3m€2.0m€5.5m€5.1m€4.7m▼ 7.5%
Intangible fixed assets21--€2.3m€2.0m€5.4m€4.8m€4.4m▼ 8.0%
Tangible fixed assets22/27--€0.005m€0.02m€0.03m€0.3m€0.3m▼ 0.4%
Plant, machinery and equipment23-----€0.2m€0.2m▼ 14.2%
Furniture and vehicles24--€0.005m€0.02m€0.03m€0.1m€0.2m▲ 20.5%
Financial fixed assets28-----€150€150=
Other financial fixed assets284/8-----€150€150=
Amounts receivable and cash guarantees285/8-----€150€150=
Current assets29/58€441.3m€526.1m€521.9m€665.7m€1,486.0m€1,189.4m€394.6m▼ 66.8%
Amounts receivable within one year40/41€137.2m€125.9m€83.6m€354.9m€1,164.9m€790.3m€11.2m▼ 98.6%
Trade receivables40--€0.4m€1.2m€4.2m€3.2m€4.7m▲ 48.0%
Other amounts receivable41--€83.2m€353.7m€1,160.6m€787.1m€6.5m▼ 99.2%
Current investments50/53€121.8m€121.7m€120.2m€84.6m€84.4m€87.7m€85.4m▼ 2.6%
Other investments51/53--€120.2m€84.6m€84.4m€87.7m€85.4m▼ 2.6%
Cash at bank and in hand54/58€181.9m€277.7m€317.4m€225.6m€236.3m€311.1m€297.4m▼ 4.4%
Deferred charges and accrued income490/1--€0.6m€0.6m€0.4m€0.3m€0.5m▲ 84.8%
Equity and liabilities
Total equity and liabilities10/49€444.1m€528.7m€524.2m€667.7m€1,491.5m€1,194.5m€399.3m▼ 66.6%
Equity10/15€8.2m€8.7m€11.5m€10.1m€13.8m€13.1m€14.7m▲ 12.4%
Contributions10/11€8.4m€9.9m€12.4m€12.4m€18.2m€18.2m€18.2m=
Capital10--€12.4m€12.4m€18.2m€18.2m€18.2m=
Issued capital100--€12.4m€12.4m€18.2m€18.2m€18.2m=
Profit (loss) carried forward14-€0.2m-€1.2m-€0.9m-€2.2m-€4.4m-€5.1m-€3.5m▲ 31.8%
Amounts payable17/49€435.9m€520.0m€512.7m€657.6m€1,477.6m€1,181.5m€384.6m▼ 67.4%
Amounts payable after more than one year17-€1.0m€1.0m-----
Financial debts170/4--€1.0m-----
Subordinated loans170--€1.0m-----
Amounts payable within one year42/48€434.7m€516.3m€511.7m€657.5m€1,475.9m€1,176.1m€382.4m▼ 67.5%
Trade debts44€174.8m€135.5m€106.7m€162.3m€525.1m€81.4m€9.1m▼ 88.8%
Suppliers440/4--€106.7m€162.3m€525.1m€81.4m€9.1m▼ 88.8%
Taxes, remuneration and social security45--€0.2m€0.4m€1.1m€1.4m€1.6m▲ 12.7%
Taxes450/3--€0.05m€0.04m€0.4m€0.2m€0.3m▲ 67.2%
Remuneration and social security454/9--€0.2m€0.3m€0.7m€1.2m€1.3m▲ 4.9%
Other amounts payable47/48--€404.8m€494.9m€949.8m€1,093.2m€371.7m▼ 66.0%
Accrued charges and deferred income492/3--€0.03m€0.07m€1.7m€5.4m€2.2m▼ 58.9%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€0.2m-€1.0m€0.3m-€1.4m-€2.1m-€0.7m€1.6m-
+ Depreciation and write-downs630€0.05m€0.3m€0.3m€0.3m€0.4m€0.5m€0.7m▲ 44.9%
Operating cash flow (approximation)-€0.1m-€0.7m€0.6m-€1.1m-€1.7m-€0.2m€2.3m-
Investment in fixed assets (approximation)----€0.02m-€3.8m-€0.1m-€0.3m▼ 152%
Change in cash-€95.8m€39.7m-€91.8m€10.7m€74.8m-€13.7m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference Document
31-12-2025 full format 04-06-2026 2026-00139244 PDF
31-12-2024 full format 09-07-2025 2025-00258814 PDF
31-12-2023 full format 09-07-2025 2025-00260782 PDF
31-12-2022 full format 20-06-2023 2023-00145524 PDF
31-12-2021 full format 15-06-2022 2022-20074929 PDF
31-12-2020 full format 17-06-2021 2021-21600181 PDF
31-12-2019 full format 29-06-2020 2020-21500144 PDF

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