PS TESTWARE
ActiveSummary
The computed 12-month bankruptcy probability of PS TESTWARE is 3.9% (moderate). The 2025 annual accounts show negative equity (-€246,791) and a net result of -€802,143. Equity is shrinking by about 25% per year across the filed financial years. Its solvency ranks better than 11% of 3,343 sector peers (NACE 62, financial year 2025). The company has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
-€246,791
2023 · €16,352
Total assets
€1.9m▼ 1.6%
2023 · €2.0m
Net result
-€802,143▼ 3,162%
2023 · -€24,589
Working capital
-€1.8m▼ 23.6%
2023 · -€1.4m
Trend over the years
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result is -€609,435 in 2025, compared with -€203,508 in 2023. Comparable figures for the intervening years are unavailable.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.6m
2025
Net result-€0.8m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.9m
2025
Equity-€0.2m
2025
Debt€2.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.8m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-41.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-12.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.19
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)6.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232025
Operating result€0.001m-€0.04m▲ 3,340%€0.04m▲ 1.8%€0.06m▲ 40.7%-€0.1m-€0.2m▼ 60.4%-€0.6m-
Net result-€0.05m-€0.003m€0.008mwithin the sector's middle half▲ 214%€0.02mwithin the sector's middle half▲ 201%-€0.2mbelow the sector's middle half-€0.02mbelow the sector's middle half▲ 84.7%-€0.8mbelow the sector's middle half-
Equity€0.2m-€0.2m▲ 1.5%€0.2mwithin the sector's middle half▲ 4.7%€0.2mwithin the sector's middle half▲ 13.5%€0.04mbelow the sector's middle half▼ 79.7%€0.02mbelow the sector's middle half▼ 60.1%-€0.2mbelow the sector's middle half-
Total assets€1.4m-€1.4m▼ 1.9%€1.4mabove the sector's middle half▲ 4.1%€1.5mwithin the sector's middle half▲ 4.5%€1.8mabove the sector's middle half▲ 16.6%€2.0mabove the sector's middle half▲ 11.4%€1.9mabove the sector's middle half-
Debt€1.2m-€1.2m▼ 2.3%€1.3m▲ 4.0%€1.3m▲ 3.2%€1.7m▲ 31.4%€1.9m▲ 13.1%€2.2m-
Working capital-€0.8m--€0.9m▼ 0.6%-€0.9mbelow the sector's middle half=-€0.9mbelow the sector's middle half▼ 10.8%-€1.2mbelow the sector's middle half▼ 32.4%-€1.4mbelow the sector's middle half▼ 13.9%-€1.8mbelow the sector's middle half-
Solvency11.8%-12.2%▲ 0.4pp12.3%below the sector's middle half▲ 0.1pp13.3%below the sector's middle half▲ 1.1pp2.3%below the sector's middle half▼ 11.0pp0.8%below the sector's middle half▼ 1.5pp-12.8%below the sector's middle half-
Current ratio0.31-0.29▼ 0.020.32below the sector's middle half▲ 0.030.28below the sector's middle half▼ 0.050.27below the sector's middle half▼ 0.010.27below the sector's middle half=0.19below the sector's middle half-
Return on assets (ROA)-3.7%-0.2%▲ 3.9pp0.5%within the sector's middle half▲ 0.4pp1.6%within the sector's middle half▲ 1.0pp-9.1%below the sector's middle half▼ 10.7pp-1.3%below the sector's middle half▲ 7.8pp-41.5%below the sector's middle half-
Staff (FTE)10.8-9.6▼ 11.1%9.1within the sector's middle half▼ 5.2%8.8within the sector's middle half▼ 3.3%8.8within the sector's middle half=7within the sector's middle half▼ 20.5%6.8within the sector's middle half-
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.5m ▲ 5.0%
Current assets
€420,109 ▼ 19.8%
Equity and liabilities
Equity-€246,791
Debt€2.2m
Equity is negative: debt (€2.2m) exceeds the balance-sheet total (€1.9m).
Key figures and ratios
EBITDA
-€227,656▼
2023 · -€77,988
Cash flow
-€420,364▼
2023 · €100,931
Interest coverage
-1.17▼
2023 · -1.12
Debt ≤ 1 year
€2.2m▲
2023 · €1.9m
Income taxes
€2,703▲
2023 · €1,323
Staff costs
€1.6m▲
2023 · €772,175
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.7m | €0.8m | €1.6m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.002m | €0.001m | €0.001m | €0.03m | €0.07m | €0.1m | €0.4m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | -€0.003m | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.01m | €0.02m | €0.08m | - |
| Gross operating margin9900 | €1.0m | €0.9m | €0.8m | €0.9m | €0.6m | €0.7m | €1.4m | - |
| Operating profit (loss)9901 | €0.001m | €0.04m | €0.04m | €0.06m | -€0.1m | -€0.2m | -€0.6m | - |
| Financial income75/76B | - | - | - | €13 | €0.007m | €0.3m | €0.005m | - |
| Recurring financial income75 | €62 | €1 | €0.002m | €13 | €0.007m | €5 | €0.005m | - |
| Non-recurring financial income76B | - | - | - | - | - | €0.3m | - | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.04m | €0.07m | €0.2m | - |
| Recurring financial charges65 | €0.05m | €0.04m | €0.03m | €0.03m | €0.04m | €0.07m | €0.2m | - |
| Profit (loss) for the period before taxes9903 | -€0.05m | €0.004m | €0.009m | €0.03m | -€0.2m | -€0.02m | -€0.8m | - |
| Income taxes67/77 | €0.002m | €0.002m | €0.001m | €0.001m | €0.001m | €0.001m | €0.003m | - |
| Profit (loss) for the period9904 | -€0.05m | €0.003m | €0.008m | €0.02m | -€0.2m | -€0.02m | -€0.8m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.05m | €0.003m | €0.008m | €0.02m | -€0.2m | -€0.02m | -€0.8m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.4m | €1.4m | €1.5m | €1.8m | €2.0m | €1.9m | - |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.1m | €1.3m | €1.4m | €1.5m | - |
| Intangible fixed assets21 | - | - | - | €0.1m | €0.3m | €0.4m | €0.5m | - |
| Tangible fixed assets22/27 | €0.001m | €0.001m | €0.001m | €234 | €0.001m | €336 | - | - |
| Furniture and vehicles24 | - | - | - | €234 | €0.001m | €336 | - | - |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | - |
| Current assets29/58 | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.4m | - |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | - |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | - |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | - |
| Current investments50/53 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | - |
| Cash at bank and in hand54/58 | €0.01m | €0.05m | €0.09m | €0.08m | €0.1m | €0.08m | €0.03m | - |
| Deferred charges and accrued income490/1 | - | - | - | €29 | €0.005m | €328 | €214 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.4m | €1.5m | €1.8m | €2.0m | €1.9m | - |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.04m | €0.02m | -€0.2m | - |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | €1.2m | - |
| Capital10 | - | - | - | €0.6m | €0.6m | €0.6m | €1.2m | - |
| Issued capital100 | - | - | - | €0.6m | €0.6m | €0.6m | €1.2m | - |
| Contributions outside capital11 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | - |
| Share premium1100/10 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | - |
| Reserves13 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | - |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | - |
| Legal reserve130 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | - |
| Own shares acquired1312 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | - |
| Profit (loss) carried forward14 | -€0.6m | -€0.6m | -€0.6m | -€0.5m | -€0.7m | -€0.7m | -€1.5m | - |
| Amounts payable17/49 | €1.2m | €1.2m | €1.3m | €1.3m | €1.7m | €1.9m | €2.2m | - |
| Amounts payable after more than one year17 | €0.02m | €0.02m | €0.009m | €0.002m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.002m | - | - | - | - |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €1.3m | €1.3m | €1.7m | €1.9m | €2.2m | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.01m | €0.001m | - | - |
| Financial debts43 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | - |
| Credit institutions430/8 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | - |
| Trade debts44 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | - |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.3m | €0.4m | - |
| Taxes450/3 | - | - | - | €0.05m | €0.06m | €0.1m | €0.2m | - |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.2m | €0.2m | €0.3m | - |
| Other amounts payable47/48 | - | - | - | €0.6m | €1.0m | €1.1m | €1.2m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.007m | €0.001m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,050 | €2,531 | €7,941 | €23,894 | -€160,450 | -€24,589 | -€802,143 | - |
| + Depreciation and write-downs630 | €1,935 | €831 | €903 | €28,098 | €71,636 | €125,520 | €381,779 | - |
| Operating cash flow (approximation) | -€50,115 | €3,362 | €8,843 | €51,993 | -€88,814 | €100,931 | -€420,364 | - |
| Investment in fixed assets (approximation) | - | -€1,636 | -€459 | -€137,000 | -€220,493 | -€269,243 | - | - |
| Change in cash | - | €37,747 | €37,762 | -€5,374 | €24,840 | -€28,763 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-12-2025 | abbreviated format | 13-07-2026 | 2026-00292381 |
| 31-12-2023 | abbreviated format | 31-10-2024 | 2024-00529142 |
| 31-12-2022 | abbreviated format | 06-07-2023 | 2023-00226425 |
| 31-12-2021 | abbreviated format | 27-07-2022 | 2022-20234340 |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-44300502 |
| 31-12-2019 | abbreviated format | 31-07-2020 | 2020-38600167 |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-42700244 |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-41400206 |
| 31-12-2016 | full format | 12-07-2017 | 2017-31400564 |
| 31-12-2015 | full format | 11-07-2016 | 2016-30600391 |
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Of the 29,849 active companies whose main activity is computer consultancy and computer facilities management (NACE 62200), figures are known for 18,795. 1,755 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €2,070 awarded · €2,070 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.