PSG Group
ActivePSG Group has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137k and a net result of €19k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+37
Solvency9▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.61 in 2024), and 89.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
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
10.2%
Return on assets
1.4%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 711 sector peers (2025).
NBB · sector comparisonPosition among 711 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
61 d late
2023
on the day
2022
32 d late
2021
11 d late
2020
6 d late
2019
2 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19k▲ 156%
2024 · €7k
2018: €-74k
2019: €42k
2020: €44k
2021: €31k
2022: €-69k
2023: €7k
2024: €7k
2018 → 2025
Working capital
€-135k▲ 13.1%
2024 · €-155k
2018: €-440k
2019: €-345k
2020: €112k
2021: €111k
2022: €-25k
2023: €-181k
2024: €-155k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€173k-€104k▼ 39.8%€111k▲ 6.7%€118k▲ 6.6%€137k▲ 15.8%
Operating result€69k-€-45k€22k€40k▲ 81.0%€68k▲ 72.1%
Net result€31k-€-69k€7k€7k▲ 5.7%€19k▲ 156%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€1.12M▼ 13.6%
Current assets
€224k▼ 8.2%
Equity and liabilities €1.34M
Equity
€137k▲ 15.8%
Debt
€1.20M▼ 15.1%
The debt ratio falls from 92.3% to 89.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€249k▲
2024 · €213k
Cash flow
€200k▲
2024 · €181k
Solvency
10.2%▲
2024 · 7.7%
Current ratio
0.62▲
2024 · 0.61
Quick ratio
0.62▲
2024 · 0.61
Debt / equity
8.78▼
2024 · 11.98
ROE
13.7%▲
2024 · 6.2%
ROA
1.4%▲
2024 · 0.5%
Interest coverage
5.34▼
2024 · 6.46
Debt
€1.20M▼
2024 · €1.42M
Debt ≤ 1 year
€359k▼
2024 · €400k
Debt > 1 year
€833k▼
2024 · €992k
Income taxes
€3k▲
2024 · €522
Staff costs
€193k▼
2024 · €206k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.53M€1.34M▼
Fixed assets21/28€1.29M€1.12M▼
Intangible fixed assets21€206k€155k▼
Tangible fixed assets22/27€1.08M€961k▼
Land and buildings22€937k€843k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€143k€114k▼
Current assets29/58€244k€224k▼
Amounts receivable within one year40/41€199k€139k▼
Trade receivables40€199k€138k▼
Other amounts receivable41-€605
Cash at bank and in hand54/58€36k€77k▲
Deferred charges and accrued income490/1€10k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.53M€1.34M▼
Equity10/15€118k€137k▲
Contributions10/11€66k€66k=
Capital10€66k€66k=
Issued capital100€66k€66k=
Reserves13€59k€71k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€52k€52k=
Distributable reserves133-€12k
Profit (loss) carried forward14€-7k-
Amounts payable17/49€1.42M€1.20M▼
Amounts payable after more than one year17€992k€833k▼
Financial debts170/4€681k€526k▼
Other amounts payable178/9€311k€307k▼
Amounts payable within one year42/48€400k€359k▼
Current portion of amounts payable after more than one year42€152k€155k▲
Trade debts44€190k€160k▼
Suppliers440/4€190k€160k▼
Taxes, remuneration and social security45€58k€44k▼
Taxes450/3€22k€8k▼
Remuneration and social security454/9€36k€36k▼
Accrued charges and deferred income492/3€25k€10k▼
Income statement
Code20242025
Non-recurring operating income76A-€14k
Remuneration, social security and pensions62€206k€193k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€174k€181k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€16k€15k▼
Non-recurring operating charges66A€30k-
Gross operating margin9900€465k€460k▼
Operating profit (loss)9901€40k€68k▲
Financial income75/76B€1k€18▼
Recurring financial income75€1k€18▼
Financial charges65/66B€33k€47k▲
Recurring financial charges65€33k€47k▲
Profit (loss) for the period before taxes9903€8k€21k▲
Income taxes67/77€522€3k▲
Profit (loss) for the period9904€7k€19k▲
Profit (loss) for the period to be appropriated9905€7k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€12k▲
Profit (loss) brought forward from the previous period14P€-14k€-7k▲
Transfer to equity691/2-€12k
To other reserves6921-€12k
Social balance
Average headcount (FTE)90873.53.5=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial
Equity above €150kEq €173k ▲21.6%
3 profitable years in a row build equity to €173k.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
31-12
Financial
Highest result since 2018net €44k ▲6.4%
Operating result €75k, net result €44k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.42
Current ratio from 0.37 to 1.42; short-term debt falls from €552k to €266k.
31-12
Financial
Equity above €100kEq €142k ▲45.3%
2 profitable years in a row build equity to €142k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Hasselt · 2 establishment units since 1998
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.
Research Campus 183500 HasseltGround area
9,619 m²
Building footprint
677 m²
Volume, LiDAR
4,898 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Geelseweg(HRT) 47 C, 2200 Herentals
since 19982.087.172.853
Research Campus 18, 3500 Hasselt
since 20012.087.172.754
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0462/00T000 | Flanders | 5,074 m² | 1 · 677 m² | 8.8 m · 2 fl. |
| 13302C0498/00B002 | Flanders | 4,544 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 496 companies in sector 58130 we hold annual accounts for 244. 174 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-04-1998
Fiscal year end31-12
Activities, NACEBEL
58130Publishing activities
58140Publishing activities
73110Advertising agencies
74812
68203Renting and operating of own or leased non-residential real estate, excluding land
74209Other photographic activities
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.