PRECISION CUTTING SYSTEMS
ActiveSummary
PRECISION CUTTING SYSTEMS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €496k and a net result of €6k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-9
Solvency42=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 43.74; short-term debt: 0.7% and cash: 22.1% of total assets), but 83.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
16.9%
Return on assets
0.2%
Age of the figures
12 mo
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 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
33 d early
2023
on the day
2022
30 d early
2021
33 d early
2020
8 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€496k▲ 1.2%
2024 · €490k
2018: €104k
2019: €186k
2020: €243k
2021: €297k
2022: €359k
2023: €427k
2024: €490k
2018 → 2025
Total assets
€2.93M▲ 0.8%
2024 · €2.90M
2018: €2.51M
2019: €2.60M
2020: €2.67M
2021: €2.72M
2022: €2.80M
2023: €2.88M
2024: €2.90M
2018 → 2025
Net result
€6k▼ 90.3%
2024 · €63k
2018: €35k
2019: €82k
2020: €57k
2021: €55k
2022: €61k
2023: €69k
2024: €63k
2018 → 2025
Working capital
€831k▲ 1.2%
2024 · €821k
2018: €547k
2019: €601k
2020: €659k
2021: €717k
2022: €696k
2023: €755k
2024: €821k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€297k-€359k▲ 20.6%€427k▲ 19.2%€490k▲ 14.7%€496k▲ 1.2%
Operating result€112k-€118k▲ 6.2%€122k▲ 2.8%€102k▼ 16.5%€64k▼ 37.3%
Net result€55k-€61k▲ 12.3%€69k▲ 12.3%€63k▼ 8.7%€6k▼ 90.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.93M
Fixed assets
€2.08M ▼ 0.2%
Current assets
€850k ▲ 3.4%
Equity and liabilities €2.93M
Equity
€496k ▲ 1.2%
Debt
€2.43M ▲ 0.7%
Debt's share of the balance-sheet total falls from 83.1% to 83.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€67k▼
2024 · €105k
Cash flow
€10k▼
2024 · €66k
Current ratio
43.74
Debt to equity
4.90▼
2024 · 4.92
ROE
1.2%▼
2024 · 12.8%
ROA
0.2%▼
2024 · 2.2%
Interest coverage
1.07▼
2024 · 1.82
Debt ≤ 1 year
€19k▲
2024 · €2k
Debt > 1 year
€2.26M=
2024 · €2.26M
Income taxes
€13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.90M€2.93M▲
Fixed assets21/28€2.08M€2.08M▼
Tangible fixed assets22/27€2.03M€2.03M▼
Land and buildings22€2.02M€2.02M=
Other tangible fixed assets26€15k€12k▼
Financial fixed assets28€47k€47k=
Current assets29/58€823k€850k▲
Amounts receivable within one year40/41€144k€194k▲
Trade receivables40€11k€20k▲
Other amounts receivable41€133k€174k▲
Cash at bank and in hand54/58€671k€646k▼
Deferred charges and accrued income490/1€7k€11k▲
Equity and liabilities
Total equity and liabilities10/49€2.90M€2.93M▲
Equity10/15€490k€496k▲
Contributions10/11€1.90M€1.90M=
Capital10€1.90M€1.90M=
Issued capital100€1.90M€1.90M=
Profit (loss) carried forward14€-1.41M€-1.40M▲
Amounts payable17/49€2.41M€2.43M▲
Amounts payable after more than one year17€2.26M€2.26M=
Financial debts170/4€2.26M€2.26M=
Amounts payable within one year42/48€2k€19k▲
Trade debts44€672€19k▲
Suppliers440/4€672€19k▲
Other amounts payable47/48€910€910=
Accrued charges and deferred income492/3€147k€147k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€35k€60k▲
Gross operating margin9900€140k€128k▼
Operating profit (loss)9901€102k€64k▼
Financial income75/76B€19k€18k▼
Recurring financial income75€19k€18k▼
Financial charges65/66B€58k€63k▲
Recurring financial charges65€58k€63k▲
Profit (loss) for the period before taxes9903€63k€19k▼
Income taxes67/77-€13k
Profit (loss) for the period9904€63k€6k▼
Profit (loss) for the period to be appropriated9905€63k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.41M€-1.40M▲
Profit (loss) brought forward from the previous period14P€-1.47M€-1.41M▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €6k ▼90.3%
Net result drops to €6k, the lowest in the series.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity times 24current ratio 520.04
Current ratio from 21.23 to 520.04; short-term debt falls from €37k to €2k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity doublescurrent ratio 98.50
Current ratio from 39.64 to 98.50; short-term debt falls from €17k to €7k.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €200kEq €243k ▲30.4%
3 profitable years in a row build equity to €243k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €82k ▲136%
Operating result €132k, net result €82k, both a record.
Show earlier events
30-09
Financial
Equity above €150kEq €186k ▲79.4%
2 profitable years in a row build equity to €186k.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Lokeren · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brandstraat 12A9160 LokerenGround area
7,388 m²
Building footprint
1,323 m²
Volume, LiDAR
8,980 m³
2 parcels, Flanders · tallest building 19.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Groenenborgerlaan 154, 2020 Antwerpen
since 20002.096.609.171
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1195/00X000 | Flanders | 5,430 m² | 1 · 1,037 m² | 8.5 m · 2 fl. |
| 11812M0205/00X000 | Flanders | 1,958 m² | 1 · 286 m² | 19.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DECKERLAND
BE 0478.440.325
Dendermonde · Eq €496,207
J.R. IMMO
BE 0434.355.013
Wemmel · Eq €496,267
TERRA HUY
BE 0834.383.508
Sint-Niklaas · Eq €496,868
VDS Vastgoed
BE 0455.077.379
Beringen · Eq €497,066
SOBRIMMO
BE 0452.390.677
Gent · Eq €495,265
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 5,032 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-10-1999
Fiscal year end30-09
Abbreviation NL
P.C.S.
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.