PSEM Consulting
ActiveSummary
The computed 12-month bankruptcy probability of PSEM Consulting is 3.6% (moderate). The 2024 annual accounts show equity of €160k and a net result of €-16k. Equity is growing by ~41% per year across the filed fiscal years. Its solvency ranks better than 25% of 8966 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-26
Solvency48▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 3.71 against 4.82 in 2023; short-term debt: 4.2% and cash: 9.3% of total assets), but 76.8% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
23.2%
Return on assets
-2.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
39 d early
2022
28 d early
2021
74 d late
2020
12 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€160k▲ 8.7%
2023 · €147k
2019: €32klowest in 6 years
2020: €40k▲ +25.2% vs 2019
2021: €51k▲ +25.8% vs 2020
2022: €133k▲ +162% vs 2021
2023: €147k▲ +10.1% vs 2022
2024: €160k▲ +8.7% vs 2023highest in 6 years
2019 → 2024
Total assets
€688k▲ 13.9%
2023 · €604k
2019: €45klowest in 6 years
2020: €57k▲ +25.6% vs 2019
2021: €236k▲ +314% vs 2020
2022: €193k▼ -18.0% vs 2021
2023: €604k▲ +212% vs 2022
2024: €688k▲ +13.9% vs 2023highest in 6 years
2019 → 2024
Net result
€-16k
2023 · €13k
2019: €20k
2020: €8k▼ -59.1% vs 2019
2021: €130k▲ +1504% vs 2020highest in 6 years
2022: €83k▼ -36.7% vs 2021
2023: €13k▼ -83.7% vs 2022
2024: €-16k▼ -219% vs 2023lowest in 6 years
2019 → 2024
Working capital
€77k▲ 69.3%
2023 · €46k
2019: €33klowest in 6 years
2020: €41k▲ +24.1% vs 2019
2021: €51k▲ +25.3% vs 2020
2022: €105k▲ +107% vs 2021highest in 6 years
2023: €46k▼ -56.4% vs 2022
2024: €77k▲ +69.3% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€40k-€51k▲ 25.8%€133k▲ 162%€147k▲ 10.1%€160k▲ 8.7%
2020: €40klowest in 5 years
2021: €51k▲ +25.8% vs 2020
2022: €133k▲ +162% vs 2021
2023: €147k▲ +10.1% vs 2022
2024: €160k▲ +8.7% vs 2023highest in 5 years
Operating result€12k-€168k▲ 1,310%€105k▼ 37.5%€26k▼ 74.9%€5k▼ 82.7%
2020: €12k
2021: €168k▲ +1310% vs 2020highest in 5 years
2022: €105k▼ -37.5% vs 2021
2023: €26k▼ -74.9% vs 2022
2024: €5k▼ -82.7% vs 2023lowest in 5 years
Net result€8k-€130k▲ 1,504%€83k▼ 36.7%€13k▼ 83.7%€-16k
2020: €8k
2021: €130k▲ +1504% vs 2020highest in 5 years
2022: €83k▼ -36.7% vs 2021
2023: €13k▼ -83.7% vs 2022
2024: €-16k▼ -219% vs 2023lowest in 5 years
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 three years in a row; 2024 is 83% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €688k
Fixed assets
€582k ▲ 6.5%
Current assets
€106k ▲ 83.7%
Equity and liabilities €688k
Equity
€160k ▲ 8.7%
Debt
€529k ▲ 15.5%
Debt's share of the balance-sheet total rises from 75.7% to 76.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23k▼
2023 · €45k
Cash flow
€3k▼
2023 · €32k
Current ratio
3.71▼
2023 · 4.82
Debt to equity
3.31▲
2023 · 3.12
ROE
-10.0%▼
2023 · 9.2%
ROA
-2.3%▼
2023 · 2.2%
Interest coverage
1.13▼
2023 · 3.53
Debt ≤ 1 year
€29k▲
2023 · €12k
Debt > 1 year
€500k▲
2023 · €445k
Income taxes
€197=
2023 · €197
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€604k€688k▲
Fixed assets21/28€547k€582k▲
Tangible fixed assets22/27€547k€582k▲
Land and buildings22€315k€297k▼
Other tangible fixed assets26-€286k
Assets under construction and advance payments27€232k-
Current assets29/58€58k€106k▲
Amounts receivable within one year40/41€17k€41k▲
Trade receivables40€8k€41k▲
Other amounts receivable41€9k€303▼
Cash at bank and in hand54/58€40k€64k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€604k€688k▲
Equity10/15€147k€160k▲
Contributions10/11€12k€12k=
Reserves13€134k€118k▼
Distributable reserves133€134k€118k▼
Profit (loss) carried forward14€461€462▲
Investment grants15-€29k
Amounts payable17/49€457k€529k▲
Amounts payable after more than one year17€445k€500k▲
Financial debts170/4€445k€500k▲
Amounts payable within one year42/48€12k€29k▲
Trade debts44€475€17k▲
Suppliers440/4€475€17k▲
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€9k€10k▲
Other amounts payable47/48€3k€1k▼
Accrued charges and deferred income492/3€614-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k=
Other operating charges640/8€1k€5k▲
Gross operating margin9900€46k€28k▼
Operating profit (loss)9901€26k€5k▼
Financial charges65/66B€13k€20k▲
Recurring financial charges65€13k€20k▲
Profit (loss) for the period before taxes9903€14k€-16k▼
Income taxes67/77€197€197=
Profit (loss) for the period9904€13k€-16k▼
Profit (loss) for the period to be appropriated9905€13k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-16k▼
Profit (loss) brought forward from the previous period14P€19€461▲
Transfer from equity791/2-€16k
Transfer to equity691/2€13k-
To other reserves6921€13k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €19k | €19k | = |
| Other operating charges640/8 | - | €911 | €882 | €1k | €5k | ▲ 392% |
| Gross operating margin9900 | €13k | €169k | €106k | €46k | €28k | ▼ 38.6% |
| Operating profit (loss)9901 | €12k | €168k | €105k | €26k | €5k | ▼ 82.7% |
| Financial charges65/66B | - | €617 | €351 | €13k | €20k | ▲ 59.8% |
| Recurring financial charges65 | €706 | €617 | €351 | €13k | €20k | ▲ 59.8% |
| Profit (loss) for the period before taxes9903 | €11k | €168k | €105k | €14k | €-16k | ▼ 216% |
| Income taxes67/77 | €3k | €37k | €22k | €197 | €197 | = |
| Profit (loss) for the period9904 | €8k | €130k | €83k | €13k | €-16k | ▼ 219% |
| Profit (loss) for the period to be appropriated9905 | €8k | €130k | €83k | €13k | €-16k | ▼ 219% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €236k | €193k | €604k | €688k | ▲ 13.9% |
| Fixed assets21/28 | - | - | €29k | €547k | €582k | ▲ 6.5% |
| Tangible fixed assets22/27 | - | - | €29k | €547k | €582k | ▲ 6.5% |
| Land and buildings22 | - | - | - | €315k | €297k | ▼ 5.9% |
| Other tangible fixed assets26 | - | - | - | - | €286k | - |
| Assets under construction and advance payments27 | - | - | €29k | €232k | - | - |
| Current assets29/58 | €57k | €236k | €165k | €58k | €106k | ▲ 83.7% |
| Amounts receivable within one year40/41 | - | €59k | €36k | €17k | €41k | ▲ 147% |
| Trade receivables40 | - | €59k | €35k | €8k | €41k | ▲ 428% |
| Other amounts receivable41 | - | €46 | €988 | €9k | €303 | ▼ 96.6% |
| Cash at bank and in hand54/58 | €56k | €175k | €127k | €40k | €64k | ▲ 59.3% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €1k | €1k | ▲ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €236k | €193k | €604k | €688k | ▲ 13.9% |
| Equity10/15 | €40k | €51k | €133k | €147k | €160k | ▲ 8.7% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €28k | €38k | €121k | €134k | €118k | ▼ 11.9% |
| Distributable reserves133 | - | €38k | €121k | €134k | €118k | ▼ 11.9% |
| Profit (loss) carried forward14 | €5 | €434 | €19 | €461 | €462 | ▲ 0.3% |
| Investment grants15 | - | - | - | - | €29k | - |
| Amounts payable17/49 | €17k | €185k | €60k | €457k | €529k | ▲ 15.5% |
| Amounts payable after more than one year17 | - | - | - | €445k | €500k | ▲ 12.4% |
| Financial debts170/4 | - | - | - | €445k | €500k | ▲ 12.4% |
| Amounts payable within one year42/48 | €16k | €185k | €60k | €12k | €29k | ▲ 139% |
| Trade debts44 | €232 | €145 | €940 | €475 | €17k | ▲ 3,473% |
| Suppliers440/4 | - | €145 | €940 | €475 | €17k | ▲ 3,473% |
| Taxes, remuneration and social security45 | - | €63k | €57k | €9k | €10k | ▲ 17.1% |
| Taxes450/3 | - | €63k | €57k | €9k | €10k | ▲ 17.1% |
| Other amounts payable47/48 | - | €122k | €2k | €3k | €1k | ▼ 53.4% |
| Accrued charges and deferred income492/3 | - | - | €270 | €614 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €130k | €83k | €13k | €-16k | ▼ 219% |
| + Depreciation and write-downs630 | - | - | - | €19k | €19k | = |
| Operating cash flow (approximation) | €8k | €130k | €83k | €32k | €3k | ▼ 92.1% |
| Investment in fixed assets (approximation) | - | - | - | €-536k | €-54k | ▲ 89.9% |
| Change in cash | - | €119k | €-48k | €-87k | €24k | ▲ 127% |
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
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
31-12
Financial
Equity above €150kEq €160k ▲8.7%
Equity rises from €147k to €160k.
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.76
Current ratio from 1.27 to 2.76; short-term debt falls from €185k to €60k.
31-12
Financial
Equity above €100kEq €133k ▲162%
4 profitable years in a row build equity to €133k.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Highest result since 2019net €130k ▲1,504%
Operating result €168k, net result €130k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Pieters-Woluwe · 2 establishment units since 2019
Ground area
5,151 m²
Building footprint
975 m²
Volume, LiDAR
23,119 m³
2 parcels, Brussels, Flanders · tallest building 30.4 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
Sint Pancratiuslaan 63, 1950 Kraainem
since 20192.283.999.513
PSEM Consulting
since 20232.347.318.539
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0201/00H007 | Brussels | 4,814 m² | 1 · 878 m² | 30.4 m · 9 fl. |
| 22002A0350/00B002 | Flanders | 337 m² | 1 · 97 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,415 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
Founded14-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
78200Temporary employment agencies and other provision of personnel
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.