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PSE

Active
Private limited companyfounded 2010active for 16 yearsHavermarkt 18, 3500 Hasselt, BelgiumKBO/BCE: BE 0824.609.866
Summary

The computed 12-month bankruptcy probability of PSE is 5.8% (elevated). The 2025 annual accounts show negative equity (-€327,953) and a net result of -€56,096. Equity is shrinking by about 7% per year across the filed financial years. Its solvency ranks better than 5% of 39,218 sector peers (NACE 70, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Business and other management consultancy
NACE 70200Agents in non-specialised wholesale trade NACE 46190
1 site
Size
≈ €57,000turnover 2025, estimated
Staff
≈ 0.8 FTE, estimated
Equity
-€327,953
Loss
-€56,096
Turnover estimated from the gross margin
Financial health
33 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
5.8%
Structure
2025 accounts filed 54 days late4 of 8 deeds summarised
Why 33raises riskLast filed accounts filed 54 days late; 3 of the last 3 lateLoss of €56,096 (financial year 2025)1 change of registered office in 24 monthslowers riskSize: total assets €124,413Show the evidence

Checked score

Score 2025
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 7% of its sector peers (NACE 70, micro)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -263.6% of total assets
Liquidity 0-2
short-term debt 363.6% · cash 0.0%
Profitability 0-36
return on assets -45.1%
Bankruptcy probability, 12 months
5.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,501 companies, NACE 70, micro)
Last 24 months 11-2024: 2.0% 12-2024: 2.0%● unchanged vs 11-2024 01-2025: 2.0%● unchanged vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 1.9%▼ -0.1 percentage points vs 04-2025 06-2025: 1.8%▼ -0.1 percentage points vs 05-2025 07-2025: 1.9%▲ +0.1 percentage points vs 06-2025 08-2025: 2.3%▲ +0.4 percentage points vs 07-2025 09-2025: 0.7%▼ -1.6 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.6%▼ -0.1 percentage points vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026lowest value 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.3 percentage points vs 07-2026 09-2026: 2.5%▲ +1.6 percentage points vs 08-2026 10-2026: 5.8%▲ +3.3 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.25, compared with 0.19 in 2024, below 1; short-term debt: 363.6% and cash: 0% of total assets), and equity is negative.
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 70, micro): better than 3% on solvency, 0% on liquidity, 4% on profitability and 22% on growth.

The bankruptcy probability was computed on 30-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 54 days late; 3 of the last 3 late
NBB · filings
raises risk · Loss of €56,096 (financial year 2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €124,413
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€327,953
raises risk · 2025 accounts filed 54 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
54 days late
2024
31 days late
2023
66 days late
2022
70 days late
2021
53 days early
2020
53 days early
2019
56 days 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 8 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered-office move
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

2025 annual accounts filed late (54 days) Filed on 23 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520759.

Turnover
≈ €57,000
Estimated: probably between €27,000 and €120,000
Total assets
€124,413▲ 53.8%
2024 · €80,872
Net result
-€56,096
2024 · €11,464
Working capital
-€339,513▼ 19.2%
2024 · -€284,837
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €53,647 in 2025 against €189,429 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€53,647 2025 Net result-€56,096 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€45,811--€3,031-€2,066▲ 31.8%-€496,030▼ 23,915%-€1,220▲ 99.8%-€4,229▼ 247%-€189,429▼ 4,379%-€53,647▲ 71.7%
Net result€26,703--€5,433-€496,914below the sector's middle half▼ 9,046%-€4,436below the sector's middle half▲ 99.1%-€1,404below the sector's middle half▲ 68.4%-€4,476below the sector's middle half▼ 219%€11,464within the sector's middle half-€56,096below the sector's middle half
Equity€229,342-€223,909▼ 2.4%-€273,005below the sector's middle half-€277,442below the sector's middle half▼ 1.6%-€278,845below the sector's middle half▼ 0.5%-€283,321below the sector's middle half▼ 1.6%-€271,857below the sector's middle half▲ 4.0%-€327,953below the sector's middle half▼ 20.6%
Total assets€599,213-€603,147▲ 0.7%€121,326below the sector's middle half▼ 79.9%€102,965within the sector's middle half▼ 15.1%€99,233within the sector's middle half▼ 3.6%€90,353within the sector's middle half▼ 8.9%€80,872within the sector's middle half▼ 10.5%€124,413within the sector's middle half▲ 53.8%
Debt€369,870-€379,238▲ 2.5%€394,331▲ 4.0%€380,407▼ 3.5%€378,078▼ 0.6%€373,674▼ 1.2%€352,729▼ 5.6%€452,366▲ 28.2%
Working capital-€305,958--€311,391▼ 1.8%-€326,789below the sector's middle half▼ 4.9%-€277,442below the sector's middle half▲ 15.1%-€278,845below the sector's middle half▼ 0.5%-€283,321below the sector's middle half▼ 1.6%-€284,837below the sector's middle half▼ 0.5%-€339,513below the sector's middle half▼ 19.2%
Solvency38.3%-37.1%▼ 1.2pp-225.0%below the sector's middle half▼ 262.1pp-269.5%below the sector's middle half▼ 44.4pp-281.0%below the sector's middle half▼ 11.5pp-313.6%below the sector's middle half▼ 32.6pp-336.2%below the sector's middle half▼ 22.6pp-263.6%below the sector's middle half▲ 72.6pp
Current ratio0.17-0.18▲ 0.010.17below the sector's middle half▼ 0.010.27below the sector's middle half▲ 0.100.26below the sector's middle half▼ 0.010.24below the sector's middle half▼ 0.020.19below the sector's middle half▼ 0.050.25below the sector's middle half▲ 0.06
Return on assets (ROA)4.5%--0.9%▼ 5.4pp-409.6%below the sector's middle half▼ 408.7pp-4.3%below the sector's middle half▲ 405.3pp-1.4%below the sector's middle half▲ 2.9pp-5.0%below the sector's middle half▼ 3.5pp14.2%within the sector's middle half▲ 19.1pp-45.1%below the sector's middle half▼ 59.3pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy 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 or micro format does not require them. The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
  • 2021 Net result +99% on 2020. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,385
Fixed assets €1,533 ▲ 18×
Current assets €112,853 ▲ 66.2%
Equity and liabilities
Equity-€327,953
Debt€452,366
Equity is negative: debt (€452,366) exceeds the balance-sheet total (€124,413).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€49,928▲
2024 · -€186,154
Cash flow
-€52,377▼
2024 · €14,739
Quick ratio
0.19▲
2024 · 0.11
Interest coverage
-11.63▲
2024 · -45.02
Debt ≤ 1 year
€452,366▲
2024 · €352,729
Staff costs
€52,696▲
2024 · €26,036
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.

Peer companies

Historical observation

Of the 6,907 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85.4% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.8% went bankrupt
8.1% stopped otherwise
85.4% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 5.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,907 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€80,872€124,413▲
Formation expenses20€12,895€10,028▼
Fixed assets21/28€86€1,533▲
Tangible fixed assets22/27€86€1,533▲
Plant, machinery and equipment23€86€1,533▲
Current assets29/58€67,892€112,853▲
Stocks and contracts in progress3€29,851€25,971▼
Stocks30/36€29,851€25,971▼
Amounts receivable within one year40/41€36,673€86,290▲
Trade receivables40€5,120€3,791▼
Other amounts receivable41€31,553€82,499▲
Cash at bank and in hand54/58€1,011€0▼
Deferred charges and accrued income490/1€357€592▲
Equity and liabilities
Total equity and liabilities10/49€80,872€124,413▲
Equity10/15-€271,857-€327,953▼
Contributions10/11€18,600€18,600=
Reserves13€210,742€210,742=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€208,882€208,882=
Profit (loss) carried forward14-€501,199-€557,295▼
Amounts payable17/49€352,729€452,366▲
Amounts payable within one year42/48€352,729€452,366▲
Financial debts43€9,764€11,931▲
Credit institutions430/8€9,764€11,931▲
Trade debts44€322,800€284,051▼
Suppliers440/4€322,800€284,051▼
Taxes, remuneration and social security45€19,790€0▼
Taxes450/3€19,790€0▼
Other amounts payable47/48€375€156,384▲
Income statement Code20242025
Remuneration, social security and pensions62€26,036€52,696▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,275€3,719▲
Other operating charges640/8€126,194€9,707▼
Gross operating margin9900-€33,925€12,475▲
Operating profit (loss)9901-€189,429-€53,647▲
Financial income75/76B€205,028€1,846▼
Recurring financial income75€940€1,846▲
Non-recurring financial income76B€204,088€0▼
Financial charges65/66B€4,135€4,295▲
Recurring financial charges65€4,135€4,295▲
Profit (loss) for the period before taxes9903€11,464-€56,096▼
Profit (loss) for the period9904€11,464-€56,096▼
Profit (loss) for the period to be appropriated9905€11,464-€56,096▼
Appropriation of the result
Profit (loss) to be appropriated9906-€501,199-€557,295▼
Profit (loss) brought forward from the previous period14P-€512,664-€501,199▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62------€26,036€52,696▲ 102%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630------€3,275€3,719▲ 13.6%
Other operating charges640/8----€62€577€126,194€9,707▼ 92.3%
Non-recurring operating charges66A---€494,016-----
Gross operating margin9900€45,811-€3,031-€1,329-€2,014-€1,158-€3,652-€33,925€12,475-
Operating profit (loss)9901€45,811-€3,031-€2,066-€496,030-€1,220-€4,229-€189,429-€53,647▲ 71.7%
Financial income75/76B---€494,441--€205,028€1,846▼ 99.1%
Recurring financial income75€123€175€414€425--€940€1,846▲ 96.5%
Non-recurring financial income76B---€494,016--€204,088€0▼ 100%
Financial charges65/66B---€2,848€183€247€4,135€4,295▲ 3.9%
Recurring financial charges65€5,231€2,578€3,207€2,848€183€247€4,135€4,295▲ 3.9%
Profit (loss) for the period before taxes9903€40,703-€5,433-€498,874-€4,436-€1,404-€4,476€11,464-€56,096-
Income taxes67/77€14,000--€1,960------
Profit (loss) for the period9904€26,703-€5,433-€496,914-€4,436-€1,404-€4,476€11,464-€56,096-
Profit (loss) for the period to be appropriated9905€26,703-€5,433-€496,914-€4,436-€1,404-€4,476€11,464-€56,096-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€599,213€603,147€121,326€102,965€99,233€90,353€80,872€124,413▲ 53.8%
Formation expenses20------€12,895€10,028▼ 22.2%
Fixed assets21/28€535,300€535,300€53,784---€86€1,533▲ 18×
Tangible fixed assets22/27------€86€1,533▲ 18×
Plant, machinery and equipment23------€86€1,533▲ 18×
Financial fixed assets28€535,300€535,300€53,784------
Current assets29/58€63,913€67,847€67,542€102,965€99,233€90,353€67,892€112,853▲ 66.2%
Stocks and contracts in progress3------€29,851€25,971▼ 13.0%
Stocks30/36------€29,851€25,971▼ 13.0%
Amounts receivable within one year40/41€50,909€55,032€64,692€102,883€99,183€90,318€36,673€86,290▲ 135%
Trade receivables40------€5,120€3,791▼ 25.9%
Other amounts receivable41---€102,883€99,183€90,318€31,553€82,499▲ 161%
Cash at bank and in hand54/58€13,004€12,814€2,850€83€50€35€1,011€0▼ 100%
Deferred charges and accrued income490/1------€357€592▲ 66.0%
Equity and liabilities
Total equity and liabilities10/49€599,213€603,147€121,326€102,965€99,233€90,353€80,872€124,413▲ 53.8%
Equity10/15€229,342€223,909-€273,005-€277,442-€278,845-€283,321-€271,857-€327,953▼ 20.6%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13€210,742€210,742€210,742€210,742€210,742€210,742€210,742€210,742=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860€1,860=
Distributable reserves133---€208,882€208,882€208,882€208,882€208,882=
Profit (loss) carried forward14--€5,433-€502,348-€506,784-€508,188-€512,664-€501,199-€557,295▼ 11.2%
Amounts payable17/49€369,870€379,238€394,331€380,407€378,078€373,674€352,729€452,366▲ 28.2%
Amounts payable within one year42/48€369,870€379,238€394,331€380,407€378,078€373,674€352,729€452,366▲ 28.2%
Current portion of amounts payable after more than one year42---€775-----
Financial debts43------€9,764€11,931▲ 22.2%
Credit institutions430/8------€9,764€11,931▲ 22.2%
Trade debts44€40,373€19,345€15,116€15,666€15,097€17,421€322,800€284,051▼ 12.0%
Suppliers440/4---€15,666€15,097€17,421€322,800€284,051▼ 12.0%
Taxes, remuneration and social security45---€607€607€0€19,790€0▼ 100%
Taxes450/3---€607€607€0€19,790€0▼ 100%
Other amounts payable47/48---€363,360€362,375€356,253€375€156,384▲ 417×
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€26,703-€5,433-€496,914-€4,436-€1,404-€4,476€11,464-€56,096-
+ Depreciation and write-downs630------€3,275€3,719▲ 13.6%
Operating cash flow (approximation)€26,703-€5,433-€496,914-€4,436-€1,404-€4,476€14,739-€52,377-
Investment in fixed assets (approximation)-€0€481,516-----€5,166-
Change in cash--€189-€9,965-€2,767-€33-€16€976-€1,011-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 23-09-2026 2026-00520759
31-12-2024 micro format 31-08-2025 2025-00455331
31-12-2023 micro format 05-10-2024 2024-00494733
31-12-2022 micro format 09-10-2023 2023-00477357
31-12-2021 micro format 08-06-2022 2022-20049867
31-12-2020 abbreviated format 08-06-2021 2021-17800226
31-12-2019 abbreviated format 05-06-2020 2020-14700047
31-12-2018 abbreviated format 06-06-2019 2019-16100255
31-12-2017 abbreviated format 05-06-2018 2018-15500502
31-12-2016 abbreviated format 06-06-2017 2017-14500211

Show all 15 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 82,509 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,646. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2024
Van Ruijssevelt Serge
Director · since 24-07-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
4 of this company's 8 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2023, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Van Ruijssevelt Serge
  • Director, since before 24-07-2024
Marc De Nyn
  • Director, until 15-09-2023
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 24-07-2024 Capital stated in the deed · €18,600 · 100 shares

Group and network

Connections & network

1 current director
Depth

The board mandates are listed below; here you explore them as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Board mandates elsewhere

1 board mandate
Board mandates of this companythis company sits on their board1
1 location

Acquisitions and mergers

2 transactions
Took over:PEAU SUR PEAU BV
operation treated as a merger by absorption · Gazette deed of 24-07-2024 (2 acts)
Took over:SAMM BV
operation treated as a merger by absorption · Gazette deed of 24-07-2024 (2 acts)

History

PSE was incorporated on 1 April 2010.1 In 2024 the company absorbed PEAU SUR PEAU BV and SAMM BV by merger.2 The registered office was moved to Hasselt in 2026.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-07-2024
  3. 3Belgian Official Gazette, 04-08-2026

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
23-09
NBB filing Annual accounts filed
financial year 2025 · micro format · 54 days late
04-08
Gazette deed Registered office
Registered-office move2 facts ▸
  • Registered-office move, Havermarkt 18/001-3500 Hasselt
  • General meeting, 01-06-2026
2025
31-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 31 days late
2024
31-12
Financial Back to profitnet €11,464
Net result €11,464 after 5 loss-making years.
05-10
NBB filing Annual accounts filed
financial year 2023 · micro format · 66 days late
24-07
Gazette deed Capital & shares · Purpose · Amendment of the articles · Name · Resignations & appointments · Restructuring
Resignation: Van Ruijssevelt Serge (director) · Appointment: Van Ruijssevelt Serge (director) · Merger26 facts ▸
  • General meeting, 28-05-2024
  • Other provision, “kennisneming en bespreking fusievoorstel, BESLUIT 1” (deed in Dutch)
  • Merger, “fusie bij wijze van ontbinding zonder vereffening, BESLUIT 2-Besluit tot fusie (fusie door overneming)” (deed in Dutch)
  • Accounting effect, 01-01-2024
  • Merger, “fusie bij wijze van ontbinding zonder vereffening van PEAU SUR PEAU BV, gehele vermogen te algemenen titel,rechten en verplichtingen” (deed in Dutch)
  • Other provision, “geruisloze fusie, inbreng van algemeenheid,geen uitgifte van aandelen” (deed in Dutch)
  • Other provision, “geen bijzondere rechten voor aandelen” (deed in Dutch)
  • Other provision, “geen bijzondere voordelen voor bestuurders” (deed in Dutch)
  • Other provision, “geen bijzondere voordelen voor bedrijfsrevisoren” (deed in Dutch)
  • Other provision, “handelszaak overgang, in zijn geheel met alle rechten en verplichtingen” (deed in Dutch)
  • Other provision, “pandregister handelszaak, opgevraagd” (deed in Dutch)
  • Real estate
  • +14 further facts in this act
02-04
Gazette deed Restructuring
Merger · Name clause · Registered office clause12 facts ▸
  • Merger, “met fusie door overneming gelijkgestelde verrichting, gehele vermogen met inbegrip van alle activa en passiva als gevolg van ontbinding zonder vereffening” (deed in Dutch) (2 times)
  • Name clause, EUROPEAN FURNITURE AGENCY
  • Registered office clause, “3560 Lummen, Klaverbladstraat 3A, PSE BV” (deed in Dutch)
  • Name change, PSE
  • Other provision, “ongewijzigd naar aanleiding van de verrichting” (deed in Dutch)
  • Shareholding (2 times)
  • Accounting effect, 01-01-2024
  • Other provision, “rechten aan aandeelhouders met bijzondere rechten, aandeelhouders overnemende vennootschap en over te nemen vennootschappen” (deed in Dutch)
  • Other provision, “bezoldiging voor opstelling wettelijke verslaggeving, verslag in de zin van artikel 12:26 WVV” (deed in Dutch)
  • Other provision, “bijzondere voordelen aan leden bestuursorganen, leden bestuursorganen te fuseren vennootschappen” (deed in Dutch)
  • Other provision, “zakelijke overwegingen ter verantwoording met fusie gelijkgestelde verrichting, overbodige administratieve werkings- en beheerskosten wegvallen” (deed in Dutch)
  • Other provision, “bestuursorganen van elke bij fusie betrokken vennootschap, griffie van de ondernemingsrechtbank(en)” (deed in Dutch)
2023
03-11
Gazette deed Resignation: Marc De Nyn (director)
Director discharge3 facts ▸
  • General meeting, 15-09-2023
  • Director resignation, Marc De Nyn (director)
  • Director discharge, Marc De Nyn (director)
09-10
NBB filing Annual accounts filed
financial year 2022 · micro format · 70 days late
2022
08-06
NBB filing Annual accounts filed
financial year 2021 · micro format
2021
08-06
NBB filing Annual accounts filed
financial year 2020 · abbreviated format
2020
31-12
Financial Weakest financial yearnet -€496,914
Net result drops to -€496,914, the lowest in the series; recovery starts the following year.
Show earlier events
05-06
NBB filing Annual accounts filed
financial year 2019 · abbreviated format
2019
06-06
NBB filing Annual accounts filed
financial year 2018 · abbreviated format
2018
05-06
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
2017
06-06
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 15 annual accounts filed, the latest 10 are here; all 15 are under Financials.
4 of 8 deeds read
About the unread acts

Of the 8 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded01-04-2010
Financial year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
46150Agents in the wholesale of furniture, household goods and hardware
E-invoicing
Reachable via Peppol
Peppol ID 0208:0824609866
Also 9925:BE0824609866
Registered 18-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 31 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

Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2010
registered office establishment The establishment unit on the map
Ground area
3,949 m²
Building footprint
921 m²
Building volume
14,833 m³
Parcel 71022H0928/00D000, Flanders · tallest building 24.6 m. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
European Furniture Agency
Havermarkt 18, 3500 HasseltAgents in non-specialised wholesale trade
since 2010unit no. 2.187.412.752
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
71022H0928/00D000
ProtectedMonumentHerenhuis Den Cleynen EenhoerenSource ↗
Flanders 3,948 m² 1 · 920 m² 24.6 m · 6
How the parcels are linked
Good to know
The parcel matches the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Onder eender welke vorm belangen en participaties verwerven en/of aanhouden in bestaande of nog op te richten ondernemingen; zij kan deze…” (deed in Dutch)
6 activities (deed in Dutch)
  1. Onder eender welke vorm belangen en participaties verwerven en/of aanhouden in bestaande of nog op te richten ondernemingen; zij kan deze belangen en participaties beheren, te gelde maken en valoriseren, onder meer door deel te nemen aan het bestuur en het toezicht van de ondernemingen waarin zij participeert, en door ze technische, administratieve en financiële bijstand te verlenen; de vennootschap beoogt de verdere gunstige ontwikkeling van de vennootschappen waarin zij participeert te stimuleren, te plannen en te coördineren;
  2. Import en export, groot - en kleinhandel (ook op handelsbeurzen), verhuring en herstelling van meubels en van lederen en stoffen salons, verhuur van roerende goederen, winkelverkoop, projectontwikkeling, binnenhuisinrichting;
  3. Invoer en uitvoer in ruime zin; handelsbemiddeling, import en export van en groot en kleinhandel in loodgietermateriaal, elektrisch installatiemateriaal voor huishoudelijk gebruik en verwarmingsinstallaties, voedings - en genotmiddelen, zuivelproducten en eieren, inclusief de thuisbezorging daarvan, vlees en vleeswaren, groenten en fruit, brood, banketbakkerswerk en suikerwerk, tabaksproducten, alcoholische en andere dranken, grote verscheidenheid van goederen waarbij voedings - en genotmiddelen niet overheersen, zoals kleding, meubels, apparaten, ijzerwaren, cosmetica, sieraden, speelgoed enz., audio - en videoapparatuur, fotografische en cinematografische apparaten en optische artikelen, huishoudtextiel zoals lakens, dekens, tafelkleden, handdoeken, enz.; overgordijnen, glasgordijnen en overige huishoudartikelen van textiel; textiel, artikelen van hout, kurk of vlechtwerk; de kleinhandel in meubels; inbouwkeukens; matrassen, bedveringen en overige matrassendragers; artikelen voor verlichting en woninginrichting; verlichtingsartikelen; niet -elektrische huishoudapparaten messenmakerwerk, vaatwerk, aardewerk, porselein en glaswerk; overgordijnen, glasgordijnen en overige huishoudartikelen van textiel; textiel; schoeisel, lederwaren en reisartikelen; elektrische huishoudapparaten en wisselstukken voor deze toestellen; ijzerwaren, verf en bouwmaterialen; ijzerwaren, verf en bouwmaterialen, wand- en vloerbekleding; tapijten en vloermatten, vloerbekleding van kunststof, rubber, kurk, enz., behang, tweedehands goederen en antiquiteiten in winkels; antiek, oude kunstvoorwerpen; overige tweedehands goederen zoals tweedehands boeken, meubels, afbraakmateriaal, kleding, rariteiten (brocante), enz..., kleding, bovenkleding voor heren, dames en kinderen (algemeen assortiment), bovenkleding (inclusief werkkleding, sportkleding en ceremoniekleding) van ongeacht welk materiaal (textielstoffen, breigoed, leer, bont, enz.) voor heren, dames en kinderen (algemeen assortiment), baby- en kinderkleding, onderkleding, lingerie, strand- en badkleding, kledingaccessoires, hoeden, handschoenen, dassen, ceinturen, paraplu's, enz.
  4. Restaurants van het traditionele type, de verkoop van maaltijden aan boord van schepen en restauratiewagens, restaurants gespecialiseerd in de organisatie van gastronomische weekends, exotische eethuizen, enz., restaurants met een beperkt aantal kamers (maximum vijf) ten behoeve van de eigen cliënteel, café-restaurants (tavernen), fast-foodzaken, snackbars, frituren en dergelijke: Algemeen bouwwerken, bouwnijverheid, slopen van gebouwen; het bouwrijp maken van terreinen, grondverzet, het slopen van gebouwen en andere bouwwerken, het ruimen van bouwterreinen, het grondverzet: graven, ophogen, egaliseren en nivelleren van bouwterreinen, graven van sleuven en geulen, verwijderen van rotsen, grondverzet met behulp van explosieven, algemene bouwkundige en civieltechnische werken, bouwen van individuele huizen, het optrekken van de ruwbouw van individuele huizen, de bouw van individuele huizen volgens de formule sleutel op de deur, optrekken van andere residentiële gebouwen en van kantoorgebouwen, het optrekken van de ruwbouw van gebouwen met celstructuur: appartementsgebouwen, kantoorgebouwen, enz., de bouw van appartementen volgens de formule sleutel op de deur, het optrekken van de ruwbouw van gebouwen voor industrieel of commercieel gebruik, van stel- en stapelplaatsen, scholen ziekenhuizen, van gebouwen voor de beoefening van erediensten, cultuur, sport..., onderneming voor het bouwen van funderingen, inclusief heien, onderneming voor het uitvoeren van metselwerk, onderneming voor het bouwen van open haarden, stookplaatsen, sierschouwen, enz., onderneming voor het uitvoeren van voegwerken, onderneming voor het bouwen van koelkamers, kluizen, enz., zandstralen; bouwinstallatie, elektrische installatie, onderneming voor de installatie van elektrische verwarmingsinstallaties, onderneming voor de installatie van bewakingssystemen en alarminstallaties tegen diefstal, isolatiewerkzaamheden, het aanbrengen in gebouwen en andere bouwwerken van thermische isolatiemateriaal en isolatiemateriaal tegen geluid en trillingen, isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen, loodgieterwerk, installatie van verwarming, klimaatregeling en ventilatie, overig loodgieterwerk, de installatie van stores en zonneschermen, het plaatsen van tussenwanden van gipsplaten, kopen en verkopen schrijnwerk van hout of van kunststof, de montage van buiten- en binnenschrijnwerk van hout of van kunststof: deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enz., de installatie van al dan niet verplaatsbare tussenwanden, de bekleding van wanden, plafonds, enz. in hout of kunststof, de installatie van garagepoorten, luiken, zonneblinden, traliewerk, hekken, enz., in hout of kunststof, vloerafwerking en wandbekleding, plaatsen van vloer- en wandtegels, plaatsen van vloerbedekking van hout of andere materialen, plaatsen van behang, schilderen, het schilderen van het binnen- en buitenwerk van gebouwen, het behandelen van muren met vochtwerende en waterafstotende producten, het schilderen van metalen constructies, overige werkzaamheden in verband met de afwerking van gebouwen, gevelreiniging door middel van zandstralen, met behulp van stoom, enz., het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden, overige werkzaamheden in verband met de afwerking van gebouwen, n.e.g, verhuur van machines voor de bouwnijverheid met bedieningspersoneel, onderneming voor het aanbrengen van chape, bouw: algemene bouw, tegels zetten, bezetten, metsen, volledige sanitair, wegen van schouw, bouwen van volledige dak, afbraak van gebouwen in ruime zin, maken en aansmeren van putten of andere beton; de verhuizing van het meubilair van particulieren, kantoren, werkplaatsen of fabrieken; de meubelbewaarplaatsen; de levering van meubels en huishoudapparaten; goederenvervoer over de weg; goederenvervoer langs de weg: vervoer van boomstammen, zwaar internationaal vervoer, veevervoer, vervoer met koelwagens, vervoer van bulkgoederen, inclusief vervoer in tankwagens, autovervoer passagiers vervoer;
  5. Het verlenen van bijstand, advies en leiding aan bedrijven, privé-personen en instellingen, voornamelijk doch niet uitsluitend op het vlak van management, marketing, productie en ontwikkeling, en het besturen van vennootschappen. De vennootschap kan alle bestuurdersfuncties waarnemen of diensten verlenen die rechtstreeks of onrechtstreeks verband houden met het voorgaande. Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming, ofwel in de hoedanigheid van externe raadgever of orgaan van cliënt.
  6. Het aanleggen, het oordeelkundig beheer en het uitbreiden van een roerend en onroerend vermogen. Alle studies en operaties met betrekking tot alle onroerende goederen en rechten en tot alle roerende goederen en rechten welke daaruit voortvloeien, zoals de aankoop, de bouw, de verbouwing, de aanpassing, de huur en onderhuur, de ruiling, de verkoop en, in het algemeen, alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, voor zichzelf of voor anderen van alle bebouwde of onbebouwde onroerende eigendommen.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
PSE
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Artikel 2, bestuursorgaan kan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren vestigen in België of buitenland” (deed in Dutch)

deed of 24-07-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“2. Benoeming - Bestuurder 2.1. De vergadering bepaalt het aantal bestuurders op 1. 2.2. De vergadering benoemt tot bestuurder: ► dhr. Van…”
Board ruleHow the board is made up, meets and takes decisions.
“1” (deed in Dutch)
“Met of zonder beperking van duur, statutair bestuurder,bij gebreke door vergadering aangewezen bestuurder” (deed in Dutch)
“Alle bestuurshandelingen die nodig of nuttig zijn voor verwezenlijking van het voorwerp, handelingen die wet of statuten aan algemene…” (deed in Dutch)
1 more provision on this in the deed

deed of 24-07-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Vergoeding voor de inbrengen, 100” (deed in Dutch)

deed of 24-07-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Eigen vermogensrekening/beschikbaar, beschikbare eigen vermogensrekening” (deed in Dutch)
Other provision: “Bestuur-Bevoegdheidsbeperkingen interne werking, voorafgaande schriftelijke toestemming algemene vergadering” (deed in Dutch)
Other provision: “Dagelijks bestuur, op elk ogenblik” (deed in Dutch)
Other provision: “17:00, zetel” (deed in Dutch)
Other provision: “Toegang algemene vergadering, ingeschreven in register effecten op naam per categorie” (deed in Dutch)
Liquidation distribution: “Naar verhouding aantal aandelen” (deed in Dutch)
3 more provisions in the deed, see the deed of 24-07-2024

deed of 24-07-2024