PSE consult
ActiveSummary
PSE consult has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €436k and a net result of €74k. Equity is growing by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+3
Solvency62▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 5.18 against 6.09 in 2024; short-term debt: 10.3% and cash: 10.4% of total assets), but 62.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.5%
Return on assets
6.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
30 d late
2023
on the day
2022
28 d late
2021
61 d late
2020
89 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€436k▲ 20.5%
2024 · €362k
2018: €49klowest in 8 years
2019: €106k▲ +116% vs 2018
2020: €108k▲ +1.6% vs 2019
2021: €144k▲ +33.9% vs 2020
2022: €190k▲ +31.8% vs 2021
2023: €281k▲ +48.0% vs 2022
2024: €362k▲ +28.6% vs 2023
2025: €436k▲ +20.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.16M▲ 1.8%
2024 · €1.14M
2018: €382klowest in 8 years
2019: €413k▲ +8.1% vs 2018
2020: €411k▼ -0.4% vs 2019
2021: €400k▼ -2.6% vs 2020
2022: €442k▲ +10.5% vs 2021
2023: €802k▲ +81.5% vs 2022
2024: €1.14M▲ +42.2% vs 2023
2025: €1.16M▲ +1.8% vs 2024highest in 8 years
2018 → 2025
Net result
€74k▼ 7.8%
2024 · €80k
2018: €-7klowest in 8 years
2019: €59k▲ +962% vs 2018
2020: €2k▼ -97.2% vs 2019
2021: €36k▲ +2071% vs 2020
2022: €56k▲ +53.2% vs 2021
2023: €91k▲ +63.2% vs 2022highest in 8 years
2024: €80k▼ -11.7% vs 2023
2025: €74k▼ -7.8% vs 2024
2018 → 2025
Working capital
€500k▲ 1.5%
2024 · €492k
2018: €-24klowest in 8 years
2019: €18k▲ +175% vs 2018
2020: €15k▼ -16.1% vs 2019
2021: €34k▲ +124% vs 2020
2022: €77k▲ +126% vs 2021
2023: €471k▲ +514% vs 2022
2024: €492k▲ +4.5% vs 2023
2025: €500k▲ +1.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€190k▲ 31.8%€281k▲ 48.0%€362k▲ 28.6%€436k▲ 20.5%
2021: €144klowest in 5 years
2022: €190k▲ +31.8% vs 2021
2023: €281k▲ +48.0% vs 2022
2024: €362k▲ +28.6% vs 2023
2025: €436k▲ +20.5% vs 2024highest in 5 years
Operating result€71k-€98k▲ 37.8%€148k▲ 50.9%€147k▼ 0.4%€130k▼ 11.4%
2021: €71klowest in 5 years
2022: €98k▲ +37.8% vs 2021
2023: €148k▲ +50.9% vs 2022highest in 5 years
2024: €147k▼ -0.4% vs 2023
2025: €130k▼ -11.4% vs 2024
Net result€36k-€56k▲ 53.2%€91k▲ 63.2%€80k▼ 11.7%€74k▼ 7.8%
2021: €36klowest in 5 years
2022: €56k▲ +53.2% vs 2021
2023: €91k▲ +63.2% vs 2022highest in 5 years
2024: €80k▼ -11.7% vs 2023
2025: €74k▼ -7.8% vs 2024
Turnover and EBIT margin not published: the 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 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€543k ▼ 1.7%
Current assets
€619k ▲ 5.1%
Equity and liabilities €1.16M
Equity
€436k ▲ 20.5%
Debt
€726k ▼ 6.8%
Debt's share of the balance-sheet total falls from 68.3% to 62.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€166k▼
2024 · €173k
Cash flow
€110k▲
2024 · €107k
Current ratio
5.18▼
2024 · 6.09
Quick ratio
1.38▼
2024 · 1.55
Debt to equity
1.67▼
2024 · 2.16
ROE
17.0%▼
2024 · 22.3%
ROA
6.4%▼
2024 · 7.1%
Interest coverage
6.07▲
2024 · 5.60
Debt ≤ 1 year
€119k▲
2024 · €97k
Debt > 1 year
€607k▼
2024 · €683k
Income taxes
€30k▼
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.14M€1.16M▲
Fixed assets21/28€552k€543k▼
Tangible fixed assets22/27€551k€540k▼
Land and buildings22€495k€474k▼
Plant, machinery and equipment23€7k€28k▲
Furniture and vehicles24€49k€38k▼
Financial fixed assets28€1k€3k▲
Current assets29/58€589k€619k▲
Stocks and contracts in progress3€439k€455k▲
Stocks30/36€439k€455k▲
Amounts receivable within one year40/41€42k€41k▼
Trade receivables40€39k€40k▲
Other amounts receivable41€3k€592▼
Cash at bank and in hand54/58€105k€121k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.16M▲
Equity10/15€362k€436k▲
Contributions10/11€6k€6k=
Reserves13€303k€378k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€302k€376k▲
Profit (loss) carried forward14€52k€52k=
Amounts payable17/49€780k€726k▼
Amounts payable after more than one year17€683k€607k▼
Financial debts170/4€683k€607k▼
Amounts payable within one year42/48€97k€119k▲
Current portion of amounts payable after more than one year42€49k€73k▲
Trade debts44€20k€20k▲
Suppliers440/4€20k€20k▲
Taxes, remuneration and social security45€27k€24k▼
Taxes450/3€27k€24k▼
Other amounts payable47/48€1k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€154-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€36k▲
Other operating charges640/8€9k€4k▼
Gross operating margin9900€183k€170k▼
Operating profit (loss)9901€147k€130k▼
Financial income75/76B€654€883▲
Recurring financial income75€654€883▲
Financial charges65/66B€31k€27k▼
Recurring financial charges65€31k€27k▼
Profit (loss) for the period before taxes9903€117k€104k▼
Income taxes67/77€36k€30k▼
Profit (loss) for the period9904€80k€74k▼
Profit (loss) for the period to be appropriated9905€80k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€132k€126k▼
Profit (loss) brought forward from the previous period14P€52k€52k=
Transfer to equity691/2€80k€74k▼
To other reserves6921€80k€74k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €519 | - | - | - |
| Remuneration, social security and pensions62 | - | €309 | €2k | €154 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €26k | €26k | €26k | €36k | ▲ 36.5% |
| Other operating charges640/8 | €3k | €11k | €8k | €9k | €4k | ▼ 59.1% |
| Gross operating margin9900 | €100k | €135k | €184k | €183k | €170k | ▼ 7.1% |
| Operating profit (loss)9901 | €71k | €98k | €148k | €147k | €130k | ▼ 11.4% |
| Financial income75/76B | €0 | €0 | €360 | €654 | €883 | ▲ 35.0% |
| Recurring financial income75 | €0 | €0 | €360 | €654 | €883 | ▲ 35.0% |
| Financial charges65/66B | €14k | €12k | €17k | €31k | €27k | ▼ 11.7% |
| Recurring financial charges65 | €14k | €12k | €17k | €31k | €27k | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €57k | €86k | €131k | €117k | €104k | ▼ 11.1% |
| Income taxes67/77 | €20k | €30k | €40k | €36k | €30k | ▼ 18.5% |
| Profit (loss) for the period9904 | €36k | €56k | €91k | €80k | €74k | ▼ 7.8% |
| Transfer from tax-exempt reserves789 | €38k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €75k | €56k | €91k | €80k | €74k | ▼ 7.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €400k | €442k | €802k | €1.14M | €1.16M | ▲ 1.8% |
| Fixed assets21/28 | €301k | €275k | €253k | €552k | €543k | ▼ 1.7% |
| Tangible fixed assets22/27 | €301k | €275k | €253k | €551k | €540k | ▼ 2.1% |
| Land and buildings22 | €267k | €254k | €240k | €495k | €474k | ▼ 4.4% |
| Plant, machinery and equipment23 | €11k | €10k | €8k | €7k | €28k | ▲ 331% |
| Furniture and vehicles24 | €23k | €12k | €4k | €49k | €38k | ▼ 23.4% |
| Financial fixed assets28 | €15 | €15 | €15 | €1k | €3k | ▲ 165% |
| Current assets29/58 | €99k | €167k | €550k | €589k | €619k | ▲ 5.1% |
| Stocks and contracts in progress3 | - | - | €422k | €439k | €455k | ▲ 3.5% |
| Stocks30/36 | - | - | €422k | €439k | €455k | ▲ 3.5% |
| Amounts receivable within one year40/41 | €64k | €43k | €34k | €42k | €41k | ▼ 3.6% |
| Trade receivables40 | €45k | €20k | €31k | €39k | €40k | ▲ 3.3% |
| Other amounts receivable41 | €18k | €23k | €3k | €3k | €592 | ▼ 82.5% |
| Cash at bank and in hand54/58 | €33k | €122k | €90k | €105k | €121k | ▲ 15.0% |
| Deferred charges and accrued income490/1 | €2k | €1k | €4k | €2k | €3k | ▲ 22.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €400k | €442k | €802k | €1.14M | €1.16M | ▲ 1.8% |
| Equity10/15 | €144k | €190k | €281k | €362k | €436k | ▲ 20.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €82k | €132k | €223k | €303k | €378k | ▲ 24.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €80k | €130k | €221k | €302k | €376k | ▲ 24.6% |
| Profit (loss) carried forward14 | €56k | €52k | €52k | €52k | €52k | = |
| Amounts payable17/49 | €256k | €252k | €521k | €780k | €726k | ▼ 6.8% |
| Amounts payable after more than one year17 | €191k | €162k | €443k | €683k | €607k | ▼ 11.1% |
| Financial debts170/4 | €191k | €162k | €443k | €683k | €607k | ▼ 11.1% |
| Amounts payable within one year42/48 | €65k | €90k | €79k | €97k | €119k | ▲ 23.6% |
| Current portion of amounts payable after more than one year42 | €34k | €29k | €29k | €49k | €73k | ▲ 49.2% |
| Trade debts44 | €388 | €2k | €4k | €20k | €20k | ▲ 1.6% |
| Suppliers440/4 | €388 | €2k | €4k | €20k | €20k | ▲ 1.6% |
| Taxes, remuneration and social security45 | €26k | €44k | €45k | €27k | €24k | ▼ 9.7% |
| Taxes450/3 | €26k | €44k | €40k | €27k | €24k | ▼ 9.7% |
| Remuneration and social security454/9 | - | - | €5k | - | - | - |
| Other amounts payable47/48 | €5k | €15k | - | €1k | €2k | ▲ 97.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €56k | €91k | €80k | €74k | ▼ 7.8% |
| + Depreciation and write-downs630 | €26k | €26k | €26k | €26k | €36k | ▲ 36.5% |
| Operating cash flow (approximation) | €63k | €81k | €117k | €107k | €110k | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-325k | €-26k | ▲ 91.9% |
| Change in cash | - | €89k | €-33k | €15k | €16k | ▲ 3.9% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €91k ▲63.2%
Operating result €148k, net result €91k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 7.00
Current ratio from 1.85 to 7.00; short-term debt falls from €90k to €79k.
31-12
Financial
Equity above €200kEq €281k ▲48%
5 profitable years in a row build equity to €281k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Equity above €150kEq €190k ▲31.8%
4 profitable years in a row build equity to €190k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 309 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
31-12
Financial
Equity above €100kEq €106k ▲116%
Equity rises from €49k to €106k.
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 63 days late
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Rixensart · 1 establishment unit since 2001
Ground area
1,353 m²
Building footprint
184 m²
Volume, LiDAR
1,831 m³
Parcel 25091F0448/00H000, Wallonia · tallest building 25.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Monseigneur 43, 1330 Rixensart
since 20012.097.899.370
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091F0448/00H000 | Wallonia | 1,353 m² | 1 · 184 m² | 25.7 m · 2 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 30,002 companies in sector 62200 we hold annual accounts for 18,390. 12,537 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.