Summary
PSD & C° is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €797,590 and a net result of €71,914. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 49% of 8074 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
40 d early
2022
12 d early
2021
18 d early
2020
2 d early
2019
14 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 13 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Ingelmunster, Finance and insurance sector
Equity
€797,590▼ 22.6%
2024 · €1.0m
Net result
€71,914▼ 16.3%
2024 · €85,913
Total assets
€1.6m▼ 14.4%
2024 · €1.8m
Solvency
50.4%▼ 5.3pp
2024 · 55.7%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€91,059▼ 64.4%€115,641▲ 27.0%€145,406▲ 25.7%€144,894▼ 0.4%€135,063▼ 6.8%
Net result€54,195▼ 70.5%€56,163▲ 3.6%€84,173▲ 49.9%€85,913▲ 2.1%€71,914▼ 16.3%
Equity€864,432▲ 6.7%€859,811▼ 0.5%€943,985▲ 9.8%€1.0m▲ 9.1%€797,590▼ 22.6%
Total assets€1.9m▲ 4.2%€1.9m▲ 2.0%€2.0m▲ 2.5%€1.8m▼ 6.5%€1.6m▼ 14.4%
Debt€994,940▲ 2.4%€1.0m▲ 4.4%€1.0m▼ 3.3%€789,772▼ 21.3%€757,612▼ 4.1%
Working capital€195,018▼ 50.4%€105,072▼ 46.1%-€63,860-€277,952▼ 335%€6,486
Solvency45.7%▲ 1.1pp44.6%▼ 1.1pp47.7%▲ 3.2pp55.7%▲ 8.0pp50.4%▼ 5.3pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.3m ▼ 28.0%
Current assets
€269,100 ▲ 998%
Equity and liabilities €1.6m
Equity
€797,590 ▼ 22.6%
Provisions
€27,507 ▼ 3.5%
Debt
€757,612 ▼ 4.1%
Debt's share of the balance-sheet total rises from 42.7% to 47.9%. Equity and debt are lower.
Key figures and ratios
ROE
9.0%▲
2024 · 8.3%
ROA
4.5%▼
2024 · 4.6%
Debt ≤ 1 year
€262,614▼
2024 · €302,471
Debt > 1 year
€482,666▲
2024 · €476,123
Income taxes
€36,163▼
2024 · €39,008
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | €36,787 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,112 | €47,702 | €49,589 | €88,090 | €84,578 | ▼ 4.0% |
| Other operating charges640/8 | - | €7,523 | €9,871 | €9,749 | €8,903 | ▼ 8.7% |
| Non-recurring operating charges66A | - | - | - | - | €33,299 | - |
| Gross operating margin9900 | €154,392 | €170,866 | €204,866 | €242,734 | €261,842 | ▲ 7.9% |
| Operating profit (loss)9901 | €91,059 | €115,641 | €145,406 | €144,894 | €135,063 | ▼ 6.8% |
| Financial income75/76B | - | €26 | €1 | €511 | €286 | ▼ 44.0% |
| Recurring financial income75 | €146 | €26 | €1 | €511 | €286 | ▼ 44.0% |
| Financial charges65/66B | - | €14,882 | €19,465 | €21,543 | €28,265 | ▲ 31.2% |
| Recurring financial charges65 | €15,108 | €14,882 | €19,465 | €21,543 | €28,265 | ▲ 31.2% |
| Profit (loss) for the period before taxes9903 | €76,096 | €100,785 | €125,941 | €123,862 | €107,084 | ▼ 13.5% |
| Transfer from deferred taxes780 | - | €1,058 | €1,058 | €1,058 | €992 | ▼ 6.2% |
| Income taxes67/77 | €22,960 | €45,681 | €42,826 | €39,008 | €36,163 | ▼ 7.3% |
| Profit (loss) for the period9904 | €54,195 | €56,163 | €84,173 | €85,913 | €71,914 | ▼ 16.3% |
| Transfer from tax-exempt reserves789 | - | €4,130 | €4,130 | €4,130 | €3,872 | ▼ 6.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €42,100 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €58,325 | €60,293 | €88,303 | €47,943 | €75,786 | ▲ 58.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.9m | €2.0m | €1.8m | €1.6m | ▼ 14.4% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.7m | €1.8m | €1.3m | ▼ 28.0% |
| Tangible fixed assets22/27 | €1.5m | €1.5m | €1.7m | €1.8m | €1.3m | ▼ 28.0% |
| Land and buildings22 | - | €558,347 | €807,799 | €962,162 | €592,538 | ▼ 38.4% |
| Furniture and vehicles24 | - | €13,540 | €8,463 | €3,385 | €41,160 | ▲ 1,116% |
| Other tangible fixed assets26 | - | €934,187 | €842,580 | €821,204 | €679,912 | ▼ 17.2% |
| Assets under construction and advance payments27 | - | - | - | €36,900 | €0 | ▼ 100% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €351,698 | €422,605 | €318,191 | €24,519 | €269,100 | ▲ 998% |
| Amounts receivable within one year40/41 | €8,246 | €5,710 | €0 | - | - | - |
| Trade receivables40 | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | €5,710 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €339,871 | €412,470 | €314,368 | €19,353 | €263,659 | ▲ 1,262% |
| Deferred charges and accrued income490/1 | - | €4,425 | €3,823 | €5,166 | €5,441 | ▲ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €2.0m | €1.8m | €1.6m | ▼ 14.4% |
| Equity10/15 | €864,432 | €859,811 | €943,985 | €1.0m | €797,590 | ▼ 22.6% |
| Contributions10/11 | €161,500 | €161,500 | €161,500 | €161,500 | €161,500 | = |
| Capital10 | - | €161,500 | €161,500 | €161,500 | €161,500 | = |
| Issued capital100 | - | €161,500 | €161,500 | €161,500 | €161,500 | = |
| Revaluation surpluses12 | - | €44,364 | €44,364 | €44,364 | €18,425 | ▼ 58.5% |
| Reserves13 | €670,608 | €653,948 | €738,121 | €824,034 | €617,665 | ▼ 25.0% |
| Non-distributable reserves130/1 | - | €16,150 | €16,150 | €16,150 | €16,150 | = |
| Legal reserve130 | - | €16,150 | €16,150 | €16,150 | €16,150 | = |
| Tax-exempt reserves132 | - | €119,464 | €115,334 | €153,304 | €149,432 | ▼ 2.5% |
| Distributable reserves133 | - | €518,334 | €606,637 | €654,580 | €452,083 | ▼ 30.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | €0 | - |
| Provisions and deferred taxes16 | €31,675 | €30,616 | €29,558 | €28,500 | €27,507 | ▼ 3.5% |
| Deferred taxes168 | - | €30,616 | €29,558 | €28,500 | €27,507 | ▼ 3.5% |
| Amounts payable17/49 | €994,940 | €1.0m | €1.0m | €789,772 | €757,612 | ▼ 4.1% |
| Amounts payable after more than one year17 | €826,489 | €716,419 | €612,406 | €476,123 | €482,666 | ▲ 1.4% |
| Financial debts170/4 | - | €716,419 | €612,406 | €476,123 | €482,666 | ▲ 1.4% |
| Amounts payable within one year42/48 | €156,680 | €317,533 | €382,050 | €302,471 | €262,614 | ▼ 13.2% |
| Current portion of amounts payable after more than one year42 | - | €111,882 | €103,997 | €86,017 | €52,036 | ▼ 39.5% |
| Trade debts44 | €13,556 | €12,262 | €88,178 | €22,084 | €9,005 | ▼ 59.2% |
| Suppliers440/4 | - | €12,262 | €88,178 | €22,084 | €9,005 | ▼ 59.2% |
| Taxes, remuneration and social security45 | - | €4,242 | €18,366 | €42,071 | €30,829 | ▼ 26.7% |
| Taxes450/3 | - | €4,242 | €18,366 | €42,071 | €30,829 | ▼ 26.7% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €189,147 | €171,510 | €152,299 | €170,745 | ▲ 12.1% |
| Accrued charges and deferred income492/3 | - | €4,299 | €9,033 | €11,178 | €12,333 | ▲ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,195 | €56,163 | €84,173 | €85,913 | €71,914 | ▼ 16.3% |
| + Depreciation and write-downs630 | €58,112 | €47,702 | €49,589 | €88,090 | €84,578 | ▼ 4.0% |
| Operating cash flow (approximation) | €112,307 | €103,865 | €133,763 | €174,003 | €156,492 | ▼ 10.1% |
| Investment in fixed assets (approximation) | - | -€14,428 | -€202,357 | -€252,899 | €425,463 | ▲ 268% |
| Change in cash | - | €72,600 | -€98,103 | -€295,015 | €244,306 | ▲ 183% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity times 13current ratio 1.02
Current ratio from 0.08 to 1.02; short-term debt falls from €302,471 to €262,614.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €1mEq €1.0m ▲9.1%
6 profitable years in a row build equity to €1.0m.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
19-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €183,910 ▲305%
Operating result €255,797, net result €183,910, both a record.
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ingelmunster · 1 establishment unit since 2004
Ground area
1,120 m²
Building footprint
243 m²
Volume, LiDAR
1,072 m³
Parcel 36007A0401/00F000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PSD & C°
since 20042.135.840.030
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007A0401/00F000 | Flanders | 1,120 m² | 1 · 243 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,164 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-02-2004
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863517457
Also
9925:BE0863517457
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.