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PS TESTWARE

Active
Tiensesteenweg 343 ·3010 Leuven, Belgium
KBO/BCE: BE 0452.033.559
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Age32 yrs
Board5
Staff (FTE)6.8
Connections7
Real estate1 parcel · 908 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of PS TESTWARE is 0.1% (very low). The 2025 annual accounts show negative equity (€-247k) and a net result of €-802k. Equity is shrinking by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 176 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 13-07-2026, 17 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
This company changed its financial year: its two most recent filings do not close on the same date. Each filed year keeps its own exact deadline, but we project no following year on 30-12, because adding twelve months right after a change is unreliable. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-12-2025, that is 30-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-12-2025 30-07-2026 13-07-2026 17 d early 2026-00292381
31-12-2023 31-07-2024 31-10-2024 92 d late 2024-00529142
31-12-2022 31-07-2023 06-07-2023 25 d early 2023-00226425
31-12-2021 31-07-2022 27-07-2022 4 d early 2022-20234340
31-12-2020 31-07-2021 30-07-2021 1 d early 2021-44300502
31-12-2019 31-07-2020 31-07-2020 on the day 2020-38600167
31-12-2018 31-07-2019 30-07-2019 1 d early 2019-42700244
31-12-2017 31-07-2018 30-07-2018 1 d early 2018-41400206
31-12-2016 31-07-2017 12-07-2017 19 d early 2017-31400564
31-12-2015 31-07-2016 11-07-2016 20 d early 2016-30600391

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 1994, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-802k-3162.1%
Working capital€-1.76M-23.6%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 13-07-2026 with the NBB · fiscal year 2025 · verkort
€-1.00M€-750k€-500k€-250k€0Operating result 2020: €41k€41kNet result 2020: €-558k€-558kOperating result 2021: €57k€57kNet result 2021: €24k€24kOperating result 2022: €-127k€-127kNet result 2022: €-160k€-160kOperating result 2023: €-204k€-204kNet result 2023: €-25k€-25kOperating result 2025: €-609k€-609kNet result 2025: €-802k€-802k20202021202220232025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~25.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-400k€-200k€0€200k2026: €-131k (€-212k - €-49k)2027: €-173k (€-304k - €-43k)2028: €-216k (€-396k - €-36k)2018: €167k2019: €170k2020: €177k2021: €201k2022: €41k2023: €16k2025: €-247k2018201920202021202220232025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -12.8% 36.7%
better than 13% of 176 sector peers
Net result €-802k €28k
better than 5% of 176 sector peers
Equity €-247k €99k
better than 6% of 176 sector peers
Gross operating margin €1.41M €86k
better than 88% of 176 sector peers
Staff costs €1.56M €328k
higher than 87% of 85 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P13
2020: P24 · n=1432021: P23 · n=2042022: P17 · n=3462023: P20 · n=4782025: P13 · n=1762020 2025
Stable position over 2020-2025 · n=143-478
Net result P5
2020: P36 · n=1432021: P56 · n=2042022: P13 · n=3462023: P25 · n=4792025: P5 · n=1762020 2025
Weakening position over 2020-2025 · n=143-479
Equity P6
2020: P54 · n=1432021: P61 · n=2052022: P35 · n=3472023: P28 · n=4792025: P6 · n=1762020 2025
Weakening position over 2020-2025 · n=143-479
Gross operating margin P88
2020: P75 · n=1432021: P78 · n=2042022: P79 · n=3452023: P84 · n=4782025: P88 · n=1762020 2025
Improving position over 2020-2025 · n=143-478
Describes the position versus peers, not a forecast.
EBITDA
€-228k
-191.9% 18-25
Net profit
€-802k
-3162.1% 18-25
Cash flow
€-420k
- 18-25
Total assets
€1.93M
-1.6% 18-25
Equity
€-247k
- 18-25
Working capital
€-1.76M
-23.6% 18-25
Employees (FTE)
7
-2.9% 18-25
Staff costs
€1.56M
+102.2% 18-25
Income taxes
€3k
+104.4% 18-25
Debt
€2.18M
+11.9% 18-25
Debt ≤ 1y
€2.18M
+11.9% 18-25
Debt > 1y
€2k
-74.7% 18-25
Current ratio
0.19
-28.3% 18-25
Quick ratio
0.19
-28.3% 18-25
Solvency
-12.8%
- 18-25
Debt / equity
-8.83
- 18-25
ROE
325.0%
- 18-25
ROA
-41.5%
-3215.8% 18-25
Interest coverage
-1.17
-4.3% 18-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€-228k
Net profit€-802k
Cash flow€-420k
Staff costs€1.56M
Income taxes€3k
Dividends-
Total assets€1.93M
Equity€-247k
Debt€2.18M
of which ≤ 1y€2.18M
of which > 1y-
Working capital€-1.76M
Employees (FTE)6.8
Ratios (computed)
2025
Current ratio0.19
Quick ratio0.19
Working capital ratio-91.0%
Solvency-12.8%
Debt / equity-8.83
Long-term debt ratio-
Interest coverage-1.17
Gross margin-
Net margin-
ROA-41.5%
ROE325.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€1.93M
Fixed assets 21/28€1.51M
Intangible fixed assets 21€474k
Financial fixed assets 28€1.04M
Current assets 29/58€420k
Amounts receivable within one year 40/41€384k
Investments 50/53€3k
Cash & bank 54/58€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.93M
Equity 10/15€-247k
Contributions / capital 10/11€1.21M
Reserves 13€68k
Accumulated profits (losses) 14€-1.52M
Amounts payable 17/49€2.18M
Amounts payable within one year 42/48€2.18M
Trade debts payable within one year 44€186k
Income statement
Gross operating margin 9900€1.41M
Operating result 9901€-609k
Financial income 75€5k
Financial charges 65€195k
Result before taxes 9903€-799k
Income taxes 67/77€3k
Net result for the period 9904€-802k
Result to be appropriated 9905€-802k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
7 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

6 directors
Current directors & mandates
  • PS MANAGEMENT
    Director
    State Gazette act 26311385 (17-02-2026)
    Current
    17-02-2026 → present
    2 events
    • 17-02-2026 Resigned· Director
    • 17-02-2026 Appointed· Director
  • DENOO Olivier Joseph Luc
    Director
    State Gazette act 25310122 (07-02-2025)
    Current
    23-12-2024 → present
  • STERCK Stefaan
    Director
    State Gazette act 25310122 (07-02-2025)
    Current
    23-12-2024 → present
  • ps managementLegal entity
    Director· perm. rep.: STERCK Peter Paul
    State Gazette act 25310122 (07-02-2025)
    Current
    05-06-2017 → present
    3 events
    • 23-12-2024 Mandate renewed· Director
    • 23-12-2024 Mandate renewed· Managing director
    • 05-06-2017 Mandate renewed· Director
  • STERCK Peter
    Managing director
    State Gazette act 25310122 (07-02-2025)
    Current
    05-06-2017 → present
    2 events
    • 23-12-2024 Appointed· Managing director
    • 05-06-2017 Mandate renewed· Managing director
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Denoo Olivier
    Director
    State Gazette act 19071075 (27-05-2019)
    Not recently confirmed
    last confirmed in an act from 2019
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

1 auditor
Statutory auditor IRE/IBR number Tenure
Steven VANDERHAEGENCurrent
Company auditor
 - 13-02-2026 → present
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten(62200)
Legal form Public limited company(014)
Incorporation27-01-1994
StatusActive
Postal code3010

Structure & network

Connections & network

7 connected companies
ps management, Sits on the board PMps managementSTERCK Peter, Shared director, links 6 companies SP STERCK PeterBelgian Mobile ID, via STERCK Peter BMBelgian MobileIDDoccle, via STERCK Peter DDoccleHOYA LENS BELGIUM, via STERCK Peter HLHOYA LENSBELGIUMM. Sterck Productions, via STERCK Peter MSM. SterckProductionsSTART IT @KBC, via STERCK Peter SISTART IT @KBCPS TESTWARE PS TESTWARE0452.033.559
Group structureShared directors
Group structure
ps management
Sits on the board · 1 subsidiary · 1 location
Control→
Linked via shared directors
ps management
viaSTERCK Peter · Permanent representative
→
former→
Doccle
viaSTERCK Peter · Director
former→
former→
former→
former→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party
Control over this companysits on this company's board1
ps management
1 subsidiary · 1 location
controls
PS TESTWAREBE 0452.033.559

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Tiensesteenweg 3433010 Leuven

Establishment units

1 location
PS-TESTWARE
Tiensesteenweg 343, 3010 LeuvenSpeur- en ontwikkelingswerk op wetenschappelijk gebied
since 19942.065.801.080
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area908 m²
Buildings1
Building footprint1,055 m²
Volume (LiDAR)6,992 m³
Tallest building17.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24514A0044/00L000
ProtectedCultural-historical landscape · MonumentKasteel de BunswyckSource ↗
 Flanders 908 m² 1 · 1,055 m² 17.1 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

4 acts
All acts · 4 updated 5 months ago
2026
17-02-2026 1 director appointed, 1 resigning Director changes
  • PS MANAGEMENT, Bestuurder
  • PS MANAGEMENT, Bestuurder
Summary: v3.2
2025
07-02-2025 Articles of association amended Statutes amendment
Summary: v3.2
2019
27-05-2019 3 reappointed Director changes
  • Sterck Peter, Bestuurder
  • Sterck Peter, Gedelegeerd bestuurder
  • Denoo Olivier, Bestuurder
Summary: v3.2
2009
05-01-2009 Nadine Pelicaen resigns as director Director changes
  • Nadine Pelicaen, Bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health7Profitability100Solvency33Growth32Stability100
54 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7
Profitability 100
Solvency 33
Growth 32
Stability 100

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 5,997 of the 29,850 companies in this sector. 4,896 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Overige advisering in verband met programmatuur en levering van programmatuur72220
Primary activity highlighted.
Names & trade names
Legal nameNL PS TESTWARE
Registered office
Tiensesteenweg 343
3010 Leuven, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.