PPV
ActiveSummary
PPV has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,685 and a net result of -€1,634. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-43
Solvency100=
Growth53▼-6
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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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 · 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.4%
Return on assets
-10.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
34 d late
2024
8 d early
2023
40 d early
2022
41 d early
2021
60 d late
2020
31 d late
2019
119 d late
← 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 22 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€3,000▼ 36.5%
2024 · €4,728
EBIT margin
-50.0%▼ 78.5pp
2024 · 28.4%
Net result
-€1,634
2024 · €1,071
Working capital
€14,685▼ 10.0%
2024 · €16,319
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€14,600€5,250▼ 64.0%€2,250▼ 57.1%€4,728▲ 110%€3,000▼ 36.5%
Operating result€13,111€1,351▼ 89.7%-€465€1,344-€1,501
Net result€12,926€981▼ 92.4%-€593€1,071-€1,634
EBIT margin89.8%25.7%▼ 64.1pp-20.7%▼ 46.4pp28.4%▲ 49.1pp-50.0%▼ 78.5pp
Equity€14,860▲ 668%€15,841▲ 6.6%€15,248▼ 3.7%€16,319▲ 7.0%€14,685▼ 10.0%
Total assets€26,727▲ 99.0%€16,099▼ 39.8%€15,248▼ 5.3%€16,790▲ 10.1%€14,926▼ 11.1%
Debt€11,867▲ 3.2%€258▼ 97.8%€471€241▼ 48.8%
Working capital€14,860▲ 668%€15,841▲ 6.6%€16,319€14,685▼ 10.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,501 after €1,344 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €14,926
Equity
€14,685 ▼ 10.0%
Debt
€241 ▼ 48.8%
Debt's share of the balance-sheet total falls from 2.8% to 1.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
61.93▲
2024 · 35.65
Debt to equity
0.02▼
2024 · 0.03
ROE
-11.1%▼
2024 · 6.6%
ROA
-10.9%▼
2024 · 6.4%
Debt ≤ 1 year
€241▼
2024 · €471
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 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% | 1.6% |
| 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 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 5,827 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €14,600 | €5,250 | €2,250 | €4,728 | €3,000 | ▼ 36.5% |
| Goods, raw materials, services and sundry goods60/61 | €999 | €3,551 | €2,330 | €2,997 | €4,329 | ▲ 44.4% |
| Other operating charges640/8 | €490 | €348 | €385 | €387 | €400 | ▲ 3.4% |
| Gross operating margin9900 | €13,601 | €1,699 | -€80 | €1,731 | -€1,101 | ▼ 164% |
| Operating profit (loss)9901 | €13,111 | €1,351 | -€465 | €1,344 | -€1,501 | ▼ 212% |
| Financial income75/76B | €80 | €1 | €1 | €38 | €1 | ▼ 97.4% |
| Recurring financial income75 | €80 | €1 | €1 | €38 | €1 | ▼ 97.4% |
| Financial charges65/66B | €132 | €127 | €129 | €133 | €134 | ▲ 0.8% |
| Recurring financial charges65 | €132 | €127 | €129 | €133 | €134 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €13,059 | €1,225 | -€593 | €1,249 | -€1,634 | ▼ 231% |
| Income taxes67/77 | €133 | €244 | - | €178 | - | - |
| Profit (loss) for the period9904 | €12,926 | €981 | -€593 | €1,071 | -€1,634 | ▼ 253% |
| Profit (loss) for the period to be appropriated9905 | €12,926 | €981 | -€593 | €1,071 | -€1,634 | ▼ 253% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,727 | €16,099 | €15,248 | €16,790 | €14,926 | ▼ 11.1% |
| Current assets29/58 | €26,727 | €16,099 | €15,248 | €16,790 | €14,926 | ▼ 11.1% |
| Amounts receivable within one year40/41 | €14,631 | €156 | €268 | €1,815 | €2,723 | ▲ 50.0% |
| Trade receivables40 | €14,600 | €156 | - | €1,815 | €2,723 | ▲ 50.0% |
| Other amounts receivable41 | €31 | - | €268 | - | - | - |
| Current investments50/53 | €2,000 | €2,000 | - | - | - | - |
| Cash at bank and in hand54/58 | €10,096 | €13,943 | €14,980 | €14,975 | €12,203 | ▼ 18.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,727 | €16,099 | €15,248 | €16,790 | €14,926 | ▼ 11.1% |
| Equity10/15 | €14,860 | €15,841 | €15,248 | €16,319 | €14,685 | ▼ 10.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€3,740 | -€2,759 | -€3,352 | -€2,281 | -€3,915 | ▼ 71.6% |
| Amounts payable17/49 | €11,867 | €258 | - | €471 | €241 | ▼ 48.8% |
| Amounts payable within one year42/48 | €11,867 | €258 | - | €471 | €241 | ▼ 48.8% |
| Trade debts44 | €780 | - | - | - | - | - |
| Suppliers440/4 | €780 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €109 | €253 | - | €471 | €241 | ▼ 48.8% |
| Taxes450/3 | €109 | €253 | - | €471 | €241 | ▼ 48.8% |
| Other amounts payable47/48 | €10,978 | €5 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,926 | €981 | -€593 | €1,071 | -€1,634 | ▼ 253% |
| Operating cash flow (approximation) | €12,926 | €981 | -€593 | €1,071 | -€1,634 | ▼ 253% |
| Change in cash | - | €3,847 | €1,037 | -€5 | -€2,772 | ▼ 55,340% |
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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,071
Net result €1,071 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 28current ratio 62.40
Current ratio from 2.25 to 62.40; short-term debt falls from €11,867 to €258.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €12,926
Net result €12,926 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Back to profitnet €4,414
Net result €4,414 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-07
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, Elsene · 1 establishment unit since 2022
Ground area
326 m²
Building footprint
114 m²
Volume, LiDAR
1,533 m³
Parcel 21447B0135/00Z010, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Sint-Jorisstraat 28, 1050 Elsene
since 20222.326.529.855
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0135/00Z010 | Brussels | 326 m² | 1 · 114 m² | 18.2 m · 5 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 82,642 companies in sector 70200 we hold annual accounts for 52,590. 27,282 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
Founded21-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872014261
Registered
11-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.