PSE
ActivePSE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-272k) and a net result of €11k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 5% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
0
/ 100
Critical▼ -10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-8
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.24 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-336.2%
Return on assets
14.2%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 37972 sector peers (2024).
NBB · sector comparisonPosition among 37972 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
66 d late
2022
70 d late
2021
53 d early
2020
53 d early
2019
56 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-272k▲ 4.0%
2023 · €-283k
2018: €229k
2019: €224k
2020: €-273k
2021: €-277k
2022: €-279k
2023: €-283k
2018 → 2024
Total assets
€81k▼ 10.5%
2023 · €90k
2018: €599k
2019: €603k
2020: €121k
2021: €103k
2022: €99k
2023: €90k
2018 → 2024
Net result
€11k
2023 · €-4k
2018: €27k
2019: €-5k
2020: €-497k
2021: €-4k
2022: €-1k
2023: €-4k
2018 → 2024
Working capital
€-285k▼ 0.5%
2023 · €-283k
2018: €-306k
2019: €-311k
2020: €-327k
2021: €-277k
2022: €-279k
2023: €-283k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-273k-€-277k▼ 1.6%€-279k▼ 0.5%€-283k▼ 1.6%€-272k▲ 4.0%
Operating result€-2k-€-496k▼ 23,915%€-1k▲ 99.8%€-4k▼ 247%€-189k▼ 4,379%
Net result€-497k-€-4k▲ 99.1%€-1k▲ 68.4%€-4k▼ 219%€11k
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 stays negative: a loss of €189k in 2024 against €4k in 2023; the loss grows.
Balance-sheet composition
Assets €68k
Fixed assets
€86
Current assets
€68k
Key figures and ratios
EBITDA
€-186k
Cash flow
€15k
Solvency
-336.2%▼
2023 · -313.6%
Current ratio
0.19▼
2023 · 0.24
Quick ratio
0.11▼
2023 · 0.24
Debt / equity
-1.30▲
2023 · -1.32
ROE
-4.2%▼
2023 · 1.6%
ROA
14.2%▲
2023 · -5.0%
Interest coverage
-45.02
Debt
€353k▼
2023 · €374k
Debt ≤ 1 year
€353k▼
2023 · €374k
Staff costs
€26k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€90k€81k▼
Formation expenses20-€13k
Fixed assets21/28-€86
Tangible fixed assets22/27-€86
Plant, machinery and equipment23-€86
Current assets29/58€90k€68k▼
Stocks and contracts in progress3-€30k
Stocks30/36-€30k
Amounts receivable within one year40/41€90k€37k▼
Trade receivables40-€5k
Other amounts receivable41€90k€32k▼
Cash at bank and in hand54/58€35€1k▲
Deferred charges and accrued income490/1-€357
Equity and liabilities
Total equity and liabilities10/49€90k€81k▼
Equity10/15€-283k€-272k▲
Contributions10/11€19k€19k=
Reserves13€211k€211k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€209k€209k=
Profit (loss) carried forward14€-513k€-501k▲
Amounts payable17/49€374k€353k▼
Amounts payable within one year42/48€374k€353k▼
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€17k€323k▲
Suppliers440/4€17k€323k▲
Taxes, remuneration and social security45€0€20k▲
Taxes450/3€0€20k▲
Other amounts payable47/48€356k€375▼
Income statement
Code20232024
Remuneration, social security and pensions62-€26k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8€577€126k▲
Gross operating margin9900€-4k€-34k▼
Operating profit (loss)9901€-4k€-189k▼
Financial income75/76B-€205k
Recurring financial income75-€940
Non-recurring financial income76B-€204k
Financial charges65/66B€247€4k▲
Recurring financial charges65€247€4k▲
Profit (loss) for the period before taxes9903€-4k€11k▲
Profit (loss) for the period9904€-4k€11k▲
Profit (loss) for the period to be appropriated9905€-4k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-513k€-501k▲
Profit (loss) brought forward from the previous period14P€-508k€-513k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
04-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 01/06/2026
- Registered-office move, Havermarkt 18/001-3500 Hasselt
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after 5 loss-making years.
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 66 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-497k
Net result drops to €-497k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
Van Ruijssevelt Serge
CurrentDirector · since 24-07-2024
24-07-2024
Appointed as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2010
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.
Havermarkt 183500 HasseltGround area
3,949 m²
Building footprint
921 m²
Volume, LiDAR
14,833 m³
Parcel 71022H0928/00D000, Flanders · tallest building 24.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
European Furniture Agency
since 20102.187.412.752
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0928/00D000 | Flanders | 3,948 m² | 1 · 920 m² | 24.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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).
Similar companies · same sector, comparable size
BOUQUET TASTE EXPERTS
BE 0642.610.449
Somme-Leuze · Eq €224k
DODCOM
BE 0899.193.859
Kapellen · Eq €223k
Samenaankoop KU Leuven
BE 0885.309.496
Leuven · Eq €223k
SERVIMED
BE 0469.893.437
Mettet · Eq €223k
Vasticon
BE 0749.673.111
Hemiksem · Eq €226k
Of 6,128 companies in sector 46190 we hold annual accounts for 2,553. 1,824 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2010
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
70220Business consulting
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.