PSH
ActiveFinancials · financial year 2025, abbreviated format, standalone accounts
Annual accounts 2025 filed on 29-06-2026 at the NBB Consolidated accounts 2025 at the NBB all 62 filings
Turnover
≈ €670,000
Estimated: probably between €400,000 and €1.1m
EBIT margin
Not included in this filing
Net result
€323,005
2024 · -€93,458
Working capital
€1.7m▲ 20.0%
2024 · €1.4m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €282,458, after a loss of €133,998 in 2024. It is the highest result since 2021.
Operating result€0.3m
2025
Net result€0.3m
2025
Total assets€324.4m
2025
Equity€324.3m
2025
Debt€0.06m
2025
Working capital€1.7m
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.03m--€0.1m▼ 323%-€0.1m▼ 2.8%-€0.1m▼ 11.5%-€0.2m▼ 37.3%-€0.2m▼ 4.7%-€0.1m▲ 30.4%€0.3m
Net result€0.01m--€0.09m-€0.1m▼ 39.1%-€0.1m▲ 8.2%€0.2m-€0.2m-€0.09m▲ 38.7%€0.3m
Equity€324.6m-€324.5m=€324.4m▼ 0.1%€324.2m=€324.4m▲ 0.1%€324.2m▼ 0.1%€324.1m=€324.3m▲ 0.1%
Total assets€324.7m-€324.5m=€324.4m=€324.3m=€324.4m▲ 0.1%€324.3m=€324.1m▼ 0.1%€324.4m▲ 0.1%
Debt€0.05m-€0.008m▼ 84.8%€0.04m▲ 418%€0.05m▲ 14.0%€0.04m▼ 12.3%€0.1m▲ 145%€0.04m▼ 59.2%€0.06m▲ 48.2%
Working capital€2.0m-€1.9m▼ 4.5%€1.7m▼ 8.6%€1.6m▼ 8.9%€1.7m▲ 10.6%€1.6m▼ 11.0%€1.4m▼ 8.6%€1.7m▲ 20.0%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €324.4m
Fixed assets
€322.6m =
Current assets
€1.8m ▲ 20.8%
Equity and liabilities €324.4m
Equity
€324.3m ▲ 0.1%
Debt
€59,001 ▲ 48.2%
Debt's share of the balance-sheet total stays at 0.0%.
Key figures and ratios
Current ratio
29.81▼
2024 · 36.58
Debt to equity
0.00▲
2024 · 0.00
ROE
0.1%▲
2024 · 0.0%
ROA
0.1%▲
2024 · 0.0%
Debt ≤ 1 year
€59,001▲
2024 · €39,825
Income taxes
€0=
2024 · €0
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Guarantees given for others' debts | - | - | - | - | €45.0m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €11,177 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €8,918 | - | - | - | - |
| Other work by the auditor | €2,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €400,000 | - |
| Operating charges60/66A | - | - | - | €133,960 | - | - | - | - | - |
| Services and other goods61 | - | - | - | €133,960 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €4,298 | - | €0 | €0 | = |
| Gross operating margin9900 | - | - | - | - | -€179,663 | -€192,627 | -€133,998 | €282,458 | - |
| Operating profit (loss)9901 | -€27,598 | -€116,870 | -€120,145 | -€133,960 | -€183,961 | -€192,627 | -€133,998 | €282,458 | - |
| Financial income75/76B | - | - | - | €28,112 | €409,503 | €40,631 | €41,023 | €41,023 | = |
| Recurring financial income75 | €37,483 | €28,107 | - | €28,112 | €52,208 | €40,631 | €41,023 | €41,023 | = |
| Income from financial fixed assets750 | - | - | - | €28,112 | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | - | €357,295 | - | - | - | - |
| Financial charges65/66B | - | - | - | €7,856 | €7,380 | €508 | €484 | €476 | ▼ 1.5% |
| Recurring financial charges65 | €304 | €315 | €3,721 | €7,856 | €7,380 | €508 | €484 | €476 | ▼ 1.5% |
| Debt charges650 | - | €19 | €3,265 | €7,206 | - | - | - | - | - |
| Other financial charges652/9 | - | - | - | €650 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,581 | -€89,078 | -€123,866 | -€113,704 | €218,162 | -€152,504 | -€93,458 | €323,005 | - |
| Income taxes67/77 | - | - | - | - | - | €0 | €0 | €0 | - |
| Profit (loss) for the period9904 | €9,581 | -€89,078 | -€123,866 | -€113,704 | €218,162 | -€152,504 | -€93,458 | €323,005 | - |
| Profit (loss) for the period to be appropriated9905 | €9,581 | -€89,078 | -€123,866 | -€113,704 | €218,162 | -€152,504 | -€93,458 | €323,005 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €324.7m | €324.5m | €324.4m | €324.3m | €324.4m | €324.3m | €324.1m | €324.4m | ▲ 0.1% |
| Formation expenses20 | - | - | - | - | - | €0 | - | - | - |
| Fixed assets21/28 | €322.6m | €322.6m | €322.6m | €322.6m | €322.6m | €322.6m | €322.6m | €322.6m | = |
| Financial fixed assets28 | €322.6m | €322.6m | €322.6m | €322.6m | €322.6m | €322.6m | €322.6m | €322.6m | = |
| Affiliated companies280/1 | - | - | - | €322.6m | - | - | - | - | - |
| Participating interests280 | - | - | - | €322.6m | - | - | - | - | - |
| Current assets29/58 | €2.0m | €1.9m | €1.8m | €1.6m | €1.8m | €1.6m | €1.5m | €1.8m | ▲ 20.8% |
| Amounts receivable after more than one year29 | - | - | - | €0 | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €148 | €0.002m | €0 | - | €0.02m | €0.04m | €0.02m | €0.02m | ▲ 0.5% |
| Other amounts receivable41 | - | - | - | - | €0.02m | €0.04m | €0.02m | €0.02m | ▲ 0.5% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2.0m | €1.9m | €1.8m | €1.6m | €1.8m | €1.6m | €1.4m | €1.7m | ▲ 21.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €131 | €65 | - | €131 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €324.7m | €324.5m | €324.4m | €324.3m | €324.4m | €324.3m | €324.1m | €324.4m | ▲ 0.1% |
| Equity10/15 | €324.6m | €324.5m | €324.4m | €324.2m | €324.4m | €324.2m | €324.1m | €324.3m | ▲ 0.1% |
| Contributions10/11 | €0.5m | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €323.5m | €323.5m | €323.5m | €323.5m | €323.5m | €323.5m | €323.5m | €323.5m | = |
| Non-distributable reserves130/1 | - | - | - | €323.5m | €323.5m | €323.5m | €323.5m | €323.5m | = |
| Reserves not available under the articles1311 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other1319 | - | - | - | €323.4m | €323.4m | €323.4m | €323.4m | €323.4m | = |
| Profit (loss) carried forward14 | €0.6m | €0.5m | €0.4m | €0.2m | €0.4m | €0.2m | €0.08m | €0.4m | ▲ 372% |
| Amounts payable17/49 | €0.05m | €0.008m | €0.04m | €0.05m | €0.04m | €0.1m | €0.04m | €0.06m | ▲ 48.2% |
| Amounts payable within one year42/48 | €0.05m | €0.008m | €0.04m | €0.05m | €0.04m | €0.1m | €0.04m | €0.06m | ▲ 48.2% |
| Trade debts44 | €0.005m | €0.008m | - | €0.006m | - | €0.06m | - | €0.02m | - |
| Suppliers440/4 | - | - | - | €0.006m | - | €0.06m | - | €0.02m | - |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,581 | -€89,078 | -€123,866 | -€113,704 | €218,162 | -€152,504 | -€93,458 | €323,005 | - |
| Operating cash flow (approximation) | €9,581 | -€89,078 | -€123,866 | -€113,704 | €218,162 | -€152,504 | -€93,458 | €323,005 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€11,177 | €0 | €0 | €0 | - |
| Change in cash | - | -€134,293 | -€129,226 | -€147,945 | €137,349 | -€146,736 | -€179,146 | €302,107 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 62 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00243254 | |
| 31-12-2025 | consolidated | 26-06-2026 | 2026-00226819 | |
| 31-12-2024 | full format | 30-06-2025 | 2025-00219789 | |
| 31-12-2024 | consolidated | 26-06-2025 | 2025-00220027 | |
| 31-12-2023 | full format | 28-06-2024 | 2024-00207881 | |
| 31-12-2023 | consolidated | 24-06-2024 | 2024-00180655 | |
| 31-12-2022 | full format | 29-06-2023 | 2023-00194360 | |
| 31-12-2022 | consolidated | 27-06-2023 | 2023-00185374 | |
| 31-12-2021 | consolidated | 07-07-2022 | 2022-20180082 | |
| 31-12-2021 | unclassified schema | 06-07-2022 | 2022-20165408 |