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 3,371 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.
Overview
- Staff
- 6.8 FTE
- Equity
- -€246,791
- Loss
- -€802,143
- Holdings
- 2
- ps_managementDirector · permanent representative Peter Sterck
- DENOO Olivier Joseph LucDirector
Why 46raises riskNegative equity -€246,791Loss of €802,143, the second in a row (financial year 2025)Liquidity: current ratio 0.19, cash €32,177, halvedlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 62, micro): better than 7% on solvency, 2% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 6 days after the deadline; the sector median (NACE 62) for financial year 2023 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignations: Stefaan STERCK (director) and Olivier…Appointment: ps_management (sole director) ·…
- Weakest financial yearnet -€802,143
Financials · financial year 2025, abbreviated format
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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
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).
| 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 |
Similar companies · same sector, comparable size
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.
Directors
Board 2
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DENOO Olivier Joseph Luc |
|
| ps_management |
|
| Olivier DENOO |
|
| Stefaan STERCK |
|
Owners and capital
Capital and shareholders
- Peter Sterck €539,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 17-02-2026 Capital increase of €539,000 · to €1,188,694.90 · in kind
- 07-02-2025 Capital stated in the deed · €649,694.90 · 310,029 shares
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 30-12-2025
- PS-Testware SASFRsubsidiaryEquity €634,912Result €21,247100%
- CONOSAsubsidiaryEquity €48,952Result -€69899.5%
According to the annual accounts to 30-12-2025 of PS TESTWARE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
17-02
Gazette deed
Resignations: Stefaan STERCK (director) and Olivier DENOO (director)Appointment: ps_management (sole director) · Declaration · Auditor report18 facts ▸
- General meeting, 23-12-2025
- Other provision, 22-12-2025
- Declaration, “aandeelhouders erkennen een afschrift ontvangen te hebben van deze verslagen en verklaren geen opmerkingen te willen formuleren over de inhoud ervan” (deed in Dutch)
- Auditor report, 22-12-2025
- Capital contribution, €539,000 (2 times)
- Capital increase, €539,000
- Share issue, “fractiewaarde van de bestaande aandelen” (deed in Dutch)
- Capital, €1,188,694.90 (2 times)
- Kind of shares, “categorie A, zelfde rechten en voordelen als de bestaande aandelen” (deed in Dutch)
- Kind of shares, “categorie B, zelfde rechten en voordelen als de bestaande aandelen” (deed in Dutch)
- Amendment of the articles, 5
- Other provision, “coördinatie statuten, opdracht aan notaris om coördinatie van de statuten op te maken en te ondertekenen en de neerlegging in het vennootschapsdossier te verzor…” (deed in Dutch)
- +6 further facts in this act
07-02
Gazette deed
Resignations: ps_management, STERCK Stefaan and DENOO Olivier Joseph LucReappointments: ps_management, STERCK Stefaan and DENOO Olivier Joseph Luc · Permanent representative: STERCK Peter Paul · Amendment of the articles13 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles (2 times)
- Power of attorney, Margot VAN DEUN
- Registered office clause, “4.Vierde besluit, De zetel is gevestigd in het Vlaams Gewest.” (deed in Dutch)
- Capital, €649,694.90
- Director resignation, ps_management (director)
- Director resignation, STERCK Stefaan (director)
- Director resignation, DENOO Olivier Joseph Luc (director)
- Director reappointment, ps_management (director)
- Director reappointment, STERCK Stefaan (director)
- Director reappointment, DENOO Olivier Joseph Luc (director)
- Permanent representative, STERCK Peter Paul
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24514A0044/00L000 | Flanders | 908 m² | 1 · 1,055 m² | 17.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Kleinhandel en groothandel in computersystemen (hardware) en hun toepassingen (software); Alle dienstverstrekkingen met betrekking tot…” (deed in Dutch)
3 activities (deed in Dutch)
- Kleinhandel en groothandel in computersystemen (hardware) en hun toepassingen (software);
- Alle dienstverstrekkingen met betrekking tot computertoepassingen en hardware;
- Het geven van consultancy op het gebied van software en hardware.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Ps testware
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “dagelijks bestuurder, of aan één of meer directeurs. De raad van bestuur bepaalt of zij alleen, dan wel gezamenlijk optreden. De…”deed of 07-02-2025
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur, enige bestuurder” (deed in Dutch)“Raad van bestuur, 13” (deed in Dutch)“Voorzitterschap, 14” (deed in Dutch)“Bijeenroeping, 15” (deed in Dutch)“Schriftelijk, besluitvorming” (deed in Dutch)“Notulen, 17” (deed in Dutch)“Alle handelingen die nodig of dienstig zijn tot verwezenlijking van het voorwerp, bevoegdheden” (deed in Dutch)“Alleen dan wel gezamenlijk, dagelijks bestuur” (deed in Dutch)“Vergoeding, 21” (deed in Dutch)deed of 17-02-2026
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deeddeed of 07-02-2025
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of May at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Goederen die nog in natura aanwezig zijn worden op zelfde wijze verdeeld, na aanzuivering van alle schulden lasten en kosten van vereffening…” (deed in Dutch)