Equity
€468,470 from €870,863 in 2016
Equity fell by 46% in 9 years.
PS&U
Lifetime
17 annual accounts with figures on one time axis, 27 filings since 1999peak €257,373 (2018)
€202,622▲ 10.2%
lowest -€4,951 (2009)
€47▼ 98.4%
peak €870,863 (2016)
€468,470unchanged
€2.7m▼ 0.8%
Board4 names since 2021
1 directorResidentie Martino
Owners2 names in the annual accounts
Documentsfilings and deeds
23-07-20268 days before the deadline
2025financial year
Result from €2,867 to €47Cash from €19,249 to €120,907
Key points
from the 2025 annual accountsDebts
€2.7m 85% of the balance sheet
Financial debts 71%Suppliers 0%Taxes and wages 0%Other 28%
€2.1m of the debts are secured on the company's own assets. In 2023 that was €2.4m.
At the same address
22 companies
Checked score
92
Excellent
Financially stronger than 39% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.5%▲ +0.1 percentage points vs 12-2024
02-2025: 1.6%▲ +0.1 percentage points vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.5%▼ -0.1 percentage points vs 03-2025
05-2025: 1.6%▲ +0.1 percentage points vs 04-2025
06-2025: 1.8%▲ +0.2 percentage points vs 05-2025
07-2025: 2.0%▲ +0.2 percentage points vs 06-2025
08-2025: 2.9%▲ +0.9 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -2.7 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.3%▲ +0.1 percentage points vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%▼ -0.4 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: < 0.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €468,470 (15.0% of total assets)
lowers risk
Size: total assets €3.1m
Figures for financial year 2025 (filed on 23-07-2026)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 24% of them on solvency, 34% on liquidity, 54% on profitability and 44% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as PS&U has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of PS&U itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for PS&U. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.18 (0.05 in 2024), below 1. Short-term debt is 24.3% and cash 3.9% of total assets. 85% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
25 days late
2023
76 days early
2022
60 days early
2021
108 days early
2020
99 days early
2019
65 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 56 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 June (4 of the last 5 accounts filed within 52 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ALTRO MODO 99.97%equity €8.8m (2023) · 2023 annual accounts of ALTRO MODO
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0463562703
Registered office moved from Herent to Leuven
New registered office: Quinten Metsysplein 12 bus 0001, 3000 Leuven · Previous registered office: Persilsstraat 51D bus 4, 3020 Herent · Resignations: Finance & Management Executives (director) and LISMONT Tamara (director) · General meeting of 16-09-2024 · Gazette deed
Merger proposal: to be absorbed by VISMED
Gazette deed
Reappointment: Tamara Lismont (director)
Permanent representative: Tim Pauwels · General meeting of 31-03-2024 · Gazette deed
Official details
Source: KBO- Status
- Active since 12-06-1998Normal situation
- Registered office
- 23 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- “Het beheer van een onrcerend of roerend vermogen en de huurfinanciering van roerende en…” (deed in Dutch)From the articles, 8 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.122.770.4673000 Leuven, since 06-10-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Annual accounts 2025
- ≈ €520,000estimated
- €3.1m▼ 0.7%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on PS&U
PS&U has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468,470 and a net result of €47.
Equity has been growing by about 29% per year since 2018. The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PS&U
- What is the company number of PS&U?
- The company number of PS&U is 0463.562.703. The VAT number is the same number with BE in front: BE 0463.562.703.
- Where is PS&U based?
- The registered office is at Quinten Metsysplein 12, 3000 Leuven.Company details
- What is the legal form of PS&U?
- PS&U is a public limited company (NV).
- When was PS&U founded?
- PS&U was founded on 12-06-1998.
- Is PS&U still active?
- Yes, PS&U is an active enterprise in the KBO register.
- What is the turnover of PS&U?
- The turnover in financial year 2025 is ≈ €520,000. This figure is estimated from the gross margin of €202,622 and 1,647 comparable companies of the same size. It probably lies between €310,000 and €960,000. It is a rough estimate.Financials
- Is PS&U profitable?
- In financial year 2025, PS&U made a profit of €47.
- Where can I find the annual accounts of PS&U?
- PS&U filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PS&U due?
- PS&U must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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