Equity
€1.3m ▲ 6.0%
PSI SUPPLY has made a profit without a break since 2017.
PSI SUPPLY
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2005peak €6.1m (2018)
€2.1m▲ 3.4%
lowest -€547,748 (2016)
€70,594▲ 15.7%
peak €1.3m (2025)
€1.3m▲ 6.0%
€980,567▲ 18.2%
peak 11.6 FTE (2007)
1 FTEunchanged
Board12 names since 2019
5 directorsGiuliano Perfetti and 4 others
Owners
99.5%JUBILANT PHARMA
Documentsfilings and deeds
06-10-202525 days before the deadline
2025financial year
Debts from €829,495 to €980,567Cash from €32,804 to €252,219
Key points
from the 2025 annual accountsStaff
1 FTE from 11.6 in 2007
Between 2007 and 2025, 91% of the full-time equivalents disappeared.
Payment terms
159 days to suppliers
PSI SUPPLY pays its suppliers 20 days later than in 2024. Customers pay 52 days earlier.
2026 accounts not filed, 9 days past the deadline
Checked score
84
Excellent
Financially stronger than 46% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025
11-2025: 0.1%▼ -0.2 percentage points vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.2 percentage points vs 09-2026
11-2026: 0.4%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Figures for financial year 2025 (filed on 07-10-2025)
Sector: Warehousing and support activities for transportation (NACE 52)
lowers risk
Founded in 2003
Equity €1.3m (56.1% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 52, micro). It does better than 63% of them on solvency, 37% on liquidity, 28% on profitability and 53% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as PSI SUPPLY has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PSI SUPPLY itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for PSI SUPPLY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.3 (2.44 in 2024), above the usual 1.5. Short-term debt is 43.5% and cash 11.3% of total assets. 43.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 06-10-2025, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
25 days early
2024
29 days early
2023
on the day
2022
3 days late
2021
2 days early
2020
48 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 1 day before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Board and ownership
DJ
Dr. Jaidev Sanjeev Rajpal
Director
PG
Perfetti Guilliano
Director
VO
Van Ohlen Michael
Director
- JUBILANT PHARMA 99.5%score 64equity €17.6m (2025) · 31-03-2025 annual accounts of JUBILANT PHARMA
- JUBILANT PHARMOVA LIMITED consolidatedLEI register
Recent changes
Resignation: Giuliano Perfetti (director)
Director discharge: Giuliano Perfetti · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0480185731
Amendment of the articles
General meeting of 06-09-2024 · Gazette deed
Resignation: Mitchell F Guss (director)
Appointment: Michael Von Ohlen (director) · General meeting of 31-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PSI SUPPLY Merelbeke-Melle | €2.1m | 6.3% | 56.1% | 1 |
| ROSIER ANTWERP TERMINAL Frasnes-lez-Anvaing | €2.3m | -8.4% | - | 1.8 |
| KRISTAL Steenokkerzeel | €2.3m | 14.0% | 58.2% | 2 |
| Transport Service Logistics Belgium Antwerp | €3.6m | 1.8% | 5.5% | 2.7 |
| DENS OCEAN SHIPPING AND LOGISTICS Middelkerke | €3.7m | 9.2% | 3.8% | 2 |
| CIBEL Deinze | €4.1m | 2.2% | 61.6% | 1 |
| TRANSPORT FLUVIAL DE CONTENEURS Liège | €6.9m | 14.2% | 42.4% | 1 |
Grey: the largest companies of the sector (warehousing and transport support (NACE 52)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PSI SUPPLY: logistics services (NACE 52250). They are comparable in size and age: total assets between €968,000 and €2.6m, founded between 1983 and 2005.
Official details
Source: KBO- Status
- Active since 07-04-2003Normal situation
- Activity
- Logistics servicesNACE 52250and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 31-03-2024
- Establishment unit
- 2.131.546.3939820 Merelbeke-Melle, since 08-05-2003
- Financial year end
- 31 March
- Peppol
- Reachable since 22-12-2025
Annual accounts to 31-03-2025
- €2.2m▲ 11.0%
- Employeeson 31-03-2025
- 1=
- Filing
- Filed on 06-10-2025
Insights on PSI SUPPLY
PSI SUPPLY has existed since 2003. In 2018 turnover rose from €2.9m to €6.1m.
JUBILANT PHARMA holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PSI SUPPLY
- What is the company number of PSI SUPPLY?
- The company number of PSI SUPPLY is 0480.185.731. The VAT number is the same number with BE in front: BE 0480.185.731.
- Where is PSI SUPPLY based?
- The registered office is at Guldensporenpark 22, 9820 Merelbeke-Melle.Company details
- What does PSI SUPPLY do?
- According to the KBO register, the main activity is logistics services (NACE 52250).
- What is the legal form of PSI SUPPLY?
- PSI SUPPLY is a public limited company (NV).
- When was PSI SUPPLY founded?
- PSI SUPPLY was founded on 07-04-2003.
- Is PSI SUPPLY still active?
- Yes, PSI SUPPLY is an active enterprise in the KBO register.
- How many employees does PSI SUPPLY have?
- PSI SUPPLY had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PSI SUPPLY fall under?
- In its 31-03-2024 annual accounts, PSI SUPPLY states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of PSI SUPPLY?
- The turnover of PSI SUPPLY was €2.1m in financial year 2025, according to the filed annual accounts.
- Is PSI SUPPLY profitable?
- In financial year 2025, PSI SUPPLY made a profit of €70,594.
- Where can I find the annual accounts of PSI SUPPLY?
- PSI SUPPLY filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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