PRINT MANAGEMENT SECURITY
ActiveSummary
PRINT MANAGEMENT SECURITY has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232,886 and a net result of -€4,240. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 85% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+52
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 5.83 against 4.93 in 2024; short-term debt: 13.8% and cash: 16% of total assets), and 13.8% of the assets are financed with debt.
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Signals
Six 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€4,240
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
on the day
2023
16 d early
2022
5 d early
2021
87 d late
2020
1 d late
2019
16 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 6 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 26 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,240▲ 56.4%
2024 · -€9,734
Working capital
€179,476▼ 13.0%
2024 · €206,323
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 82, Office administrative, office support and other business support 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€30,976▲ 6.6%-€43,607€34,113-€8,580-€3,169▲ 63.1%
Net result€22,809within the sector's middle half▼ 52.8%-€26,829below the sector's middle half€29,709within the sector's middle half-€9,734below the sector's middle half-€4,240below the sector's middle half▲ 56.4%
Equity€262,731within the sector's middle half▲ 9.5%€217,152within the sector's middle half▼ 17.3%€246,861within the sector's middle half▲ 13.7%€237,126within the sector's middle half▼ 3.9%€232,886within the sector's middle half▼ 1.8%
Total assets€415,486within the sector's middle half▲ 13.0%€397,859within the sector's middle half▼ 4.2%€317,330below the sector's middle half▼ 20.2%€289,631below the sector's middle half▼ 8.7%€270,073below the sector's middle half▼ 6.8%
Debt€152,755▲ 19.5%€180,707▲ 18.3%€70,469▼ 61.0%€52,504▼ 25.5%€37,187▼ 29.2%
Working capital€213,124within the sector's middle half▲ 19.3%€174,844within the sector's middle half▼ 18.0%€211,497within the sector's middle half▲ 21.0%€206,323within the sector's middle half▼ 2.4%€179,476within the sector's middle half▼ 13.0%
Solvency63.2%within the sector's middle half▼ 2.0pp54.6%within the sector's middle half▼ 8.7pp77.8%above the sector's middle half▲ 23.2pp81.9%above the sector's middle half▲ 4.1pp86.2%above the sector's middle half▲ 4.4pp
Current ratio2.40within the sector's middle half=1.97within the sector's middle half▼ 0.434.00above the sector's middle half▲ 2.034.93above the sector's middle half▲ 0.935.83above the sector's middle half▲ 0.90
Return on assets (ROA)5.5%within the sector's middle half▼ 7.6pp-6.7%below the sector's middle half▼ 12.2pp9.4%within the sector's middle half▲ 16.1pp-3.4%below the sector's middle half▼ 12.7pp-1.6%below the sector's middle half▲ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,169 in 2025 against €8,580 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270,073
Fixed assets
€53,410 ▲ 73.4%
Current assets
€216,662 ▼ 16.3%
Equity and liabilities €270,073
Equity
€232,886 ▼ 1.8%
Debt
€37,187 ▼ 29.2%
Debt's share of the balance-sheet total falls from 18.1% to 13.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,596▲
2024 · -€1,634
Cash flow
€5,525▲
2024 · -€2,789
Debt to equity
0.16▼
2024 · 0.22
ROE
-1.8%▲
2024 · -4.1%
Interest coverage
22.10▲
2024 · -6.15
Debt ≤ 1 year
€37,187▼
2024 · €52,504
Income taxes
€838▼
2024 · €964
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,340 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 6,910 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,133 | €7,298 | €6,945 | €6,945 | €9,765 | ▲ 40.6% |
| Other operating charges640/8 | €1,044 | €594 | €877 | €9,602 | €5,611 | ▼ 41.6% |
| Gross operating margin9900 | €41,153 | -€35,715 | €41,935 | €7,968 | €12,207 | ▲ 53.2% |
| Operating profit (loss)9901 | €30,976 | -€43,607 | €34,113 | -€8,580 | -€3,169 | ▲ 63.1% |
| Financial income75/76B | €34 | €18,752 | - | €75 | €65 | ▼ 13.8% |
| Recurring financial income75 | €34 | €2 | - | €75 | €65 | ▼ 13.8% |
| Non-recurring financial income76B | - | €18,750 | - | - | - | - |
| Financial charges65/66B | €1,475 | €1,698 | €273 | €266 | €298 | ▲ 12.3% |
| Recurring financial charges65 | €265 | €1,698 | €273 | €266 | €298 | ▲ 12.3% |
| Non-recurring financial charges66B | €1,211 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €29,534 | -€26,554 | €33,840 | -€8,770 | -€3,402 | ▲ 61.2% |
| Income taxes67/77 | €6,725 | €275 | €4,132 | €964 | €838 | ▼ 13.1% |
| Profit (loss) for the period9904 | €22,809 | -€26,829 | €29,709 | -€9,734 | -€4,240 | ▲ 56.4% |
| Profit (loss) for the period to be appropriated9905 | €22,809 | -€26,829 | €29,709 | -€9,734 | -€4,240 | ▲ 56.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €415,486 | €397,859 | €317,330 | €289,631 | €270,073 | ▼ 6.8% |
| Fixed assets21/28 | €49,607 | €42,308 | €35,364 | €30,803 | €53,410 | ▲ 73.4% |
| Intangible fixed assets21 | €12,000 | €9,000 | €6,000 | €3,000 | - | - |
| Tangible fixed assets22/27 | €18,647 | €14,348 | €10,404 | €8,843 | €34,450 | ▲ 290% |
| Plant, machinery and equipment23 | €945 | €630 | €315 | - | - | - |
| Furniture and vehicles24 | €354 | - | - | - | €29,475 | - |
| Other tangible fixed assets26 | €17,348 | €13,718 | €10,089 | €8,843 | €4,975 | ▼ 43.7% |
| Financial fixed assets28 | €18,960 | €18,960 | €18,960 | €18,960 | €18,960 | = |
| Current assets29/58 | €365,880 | €355,551 | €281,966 | €258,827 | €216,662 | ▼ 16.3% |
| Amounts receivable after more than one year29 | €35,014 | €32,468 | €48,480 | €55,999 | - | - |
| Other amounts receivable291 | €35,014 | €32,468 | €48,480 | €55,999 | - | - |
| Amounts receivable within one year40/41 | €285,504 | €311,258 | €166,250 | €185,592 | €173,316 | ▼ 6.6% |
| Trade receivables40 | €191,443 | €220,027 | €74,072 | €93,442 | €17,656 | ▼ 81.1% |
| Other amounts receivable41 | €94,061 | €91,231 | €92,178 | €92,151 | €155,661 | ▲ 68.9% |
| Cash at bank and in hand54/58 | €45,362 | €11,824 | €67,236 | €17,236 | €43,346 | ▲ 151% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €415,486 | €397,859 | €317,330 | €289,631 | €270,073 | ▼ 6.8% |
| Equity10/15 | €262,731 | €217,152 | €246,861 | €237,126 | €232,886 | ▼ 1.8% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | = |
| Capital10 | €1 | €1 | €1 | €1 | €1 | = |
| Issued capital100 | €1 | €1 | €1 | €1 | €1 | = |
| Reserves13 | €18,750 | - | - | - | - | - |
| Tax-exempt reserves132 | €18,750 | - | - | - | - | - |
| Profit (loss) carried forward14 | €243,980 | €217,151 | €246,860 | €237,125 | €232,885 | ▼ 1.8% |
| Amounts payable17/49 | €152,755 | €180,707 | €70,469 | €52,504 | €37,187 | ▼ 29.2% |
| Amounts payable within one year42/48 | €152,755 | €180,707 | €70,469 | €52,504 | €37,187 | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | €3,963 | - | - | - | - | - |
| Trade debts44 | €128,541 | €173,400 | €66,338 | €51,540 | €36,349 | ▼ 29.5% |
| Suppliers440/4 | €128,541 | €173,400 | €66,338 | €51,540 | €36,349 | ▼ 29.5% |
| Taxes, remuneration and social security45 | €20,252 | €7,307 | €4,132 | €964 | €838 | ▼ 13.1% |
| Taxes450/3 | €20,252 | €7,307 | €4,132 | €964 | €838 | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,809 | -€26,829 | €29,709 | -€9,734 | -€4,240 | ▲ 56.4% |
| + Depreciation and write-downs630 | €9,133 | €7,298 | €6,945 | €6,945 | €9,765 | ▲ 40.6% |
| Operating cash flow (approximation) | €31,943 | -€19,531 | €36,653 | -€2,789 | €5,525 | ▲ 298% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,385 | -€32,372 | ▼ 1,257% |
| Change in cash | - | -€33,538 | €55,412 | -€50,000 | €26,110 | ▲ 152% |
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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Back to profitnet €29,709
Net result €29,709 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 4.00
Current ratio from 1.97 to 4.00; short-term debt falls from €180,707 to €70,469.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Weakest financial yearnet -€26,829
Net result drops to -€26,829, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 87 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 1 day late
2020
30-06
Financial
Highest result since 2019net €48,274 ▲71.7%
Net result €48,274, the highest in the series.
30-06
Financial
Equity above €200,000Eq €239,921 ▲25.2%
2 profitable years in a row build equity to €239,921.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 11 days late
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 12 days late
2017
31-01
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 5 acts read
About the unread acts
We know of 5 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
5 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, Ukkel · 2 establishment units since 2012
Ground area
488 m²
Building footprint
167 m²
Volume, LiDAR
1,295 m³
2 parcels, Brussels, Wallonia · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
446
companies at this address
See who is registered here
2 establishment units
Print Management Security
since 20122.212.604.939
Nieuwe Wereldstraat 18, 7700 Mouscron
since 20142.301.429.324
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 fl. |
| 54433E0611/00G002 | Wallonia | 146 m² | 1 · 69 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,204 companies in sector 82100 we hold annual accounts for 3,516. 2,386 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 (pre-2019)
Founded11-09-2012
Fiscal year end30-06
Abbreviation FR
PMS
Activities, NACEBEL 2025
82100Office administrative and support services
18110Printing and reproduction of recorded media
46190Agents in non-specialised wholesale trade
58190Other publishing activities, excluding software publishing
68110Buying and selling of own real estate
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0848599550
Also
9925:BE0848599550
Registered
04-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.