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PSK-Projects

Active
Private limited companyfounded 20206 yrs activeBakkerstraat(HA) 13, 9450 Haaltert, BelgiumKBO/BCE: BE 0748.612.544
Summary

The computed 12-month bankruptcy probability of PSK-Projects is 2.2% (moderate). The 2025 annual accounts show equity of €31,179 and a net result of €38,970. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability55▲+20
Solvency31▲+8
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 1.56 in 2024; short-term debt: 94.3% and cash: 0.1% of total assets), and 94.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
5.5%
Return on assets
6.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filings
Deviation from the deadline
2025
31 d late
2024
29 d late
2023
28 d early
2022
30 d late
2021
12 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

PSK-Projects was incorporated on 16 June 2020 as a Private limited company.1 Total assets rose from EUR 125,231 in 2021 to EUR 565,533 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€31,179
2024 · -€7,791
Total assets
€565,533▲ 26.5%
2024 · €446,893
Net result
€38,970
2024 · -€4,684
Working capital
€31,544▼ 80.4%
2024 · €161,243
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€3,757--€1,327▲ 64.7%-€6,394▼ 382%€3,376€58,984▲ 1,647%
Net result-€3,820--€1,376▲ 64.0%-€7,911▼ 475%-€4,684▲ 40.8%€38,970
Equity€6,180-€4,804▼ 22.3%-€3,107-€7,791▼ 151%€31,179
Total assets€125,231-€123,623▼ 1.3%€271,969▲ 120%€446,893▲ 64.3%€565,533▲ 26.5%
Debt€119,051-€118,818▼ 0.2%€275,075▲ 132%€454,684▲ 65.3%€534,354▲ 17.5%
Working capital€6,180-€4,804▼ 22.3%€127,095▲ 2,545%€161,243▲ 26.9%€31,544▼ 80.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2021: -€3,757-€3,757Net result 2021: -€3,820-€3,820Operating result 2022: -€1,327-€1,327Net result 2022: -€1,376-€1,376Operating result 2023: -€6,394-€6,394Net result 2023: -€7,911-€7,911Operating result 2024: €3,376€3,376Net result 2024: -€4,684-€4,684Operating result 2025: €58,984€58,984Net result 2025: €38,970€38,97020212022202320242025-€20,000€0€20,000€40,000€60,000Operating result 2023: -€6,394-€6,390Net result 2023: -€7,911-€7,910Operating result 2024: €3,376€3,380Net result 2024: -€4,684-€4,680Operating result 2025: €58,984€59,000Net result 2025: €38,970€39,000202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,647% above 2024 and is the highest result in the available series.
Balance-sheet composition
Assets €565,533
Fixed assets €500
Current assets €565,033
Equity and liabilities €565,533
Equity €31,179
Debt €534,354
Debt finances 94.5% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.06▼
2024 · 1.56
Quick ratio
0.13▲
2024 · 0.06
Debt to equity
17.14▲
2024 · -58.36
ROE
125.0%
ROA
6.9%▲
2024 · -1.0%
Debt ≤ 1 year
€533,489▲
2024 · €285,651
Debt > 1 year
€0▼
2024 · €168,500
Income taxes
€7,710
Staff costs
€2,583
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 875 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.1% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 875 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€446,893€565,533▲
Fixed assets21/28-€500
Financial fixed assets28-€500
Current assets29/58€446,893€565,033▲
Stocks and contracts in progress3€430,005€493,537▲
Stocks30/36€430,005€493,537▲
Amounts receivable within one year40/41€15,750€70,359▲
Other amounts receivable41€15,750€70,359▲
Cash at bank and in hand54/58€1,139€659▼
Deferred charges and accrued income490/1-€477
Equity and liabilities
Total equity and liabilities10/49€446,893€565,533▲
Equity10/15-€7,791€31,179▲
Contributions10/11€10,000€10,000=
Reserves13-€21,179
Distributable reserves133-€21,179
Profit (loss) carried forward14-€17,791€0▲
Amounts payable17/49€454,684€534,354▲
Amounts payable after more than one year17€168,500€0▼
Financial debts170/4€168,500€0▼
Amounts payable within one year42/48€285,651€533,489▲
Current portion of amounts payable after more than one year42€129,000€291,500▲
Trade debts44€1,160€98,779▲
Suppliers440/4€1,160€98,779▲
Taxes, remuneration and social security45-€7,710
Taxes450/3-€7,710
Other amounts payable47/48€155,491€135,500▼
Accrued charges and deferred income492/3€534€865▲
Income statement Code20242025
Remuneration, social security and pensions62-€2,583
Other operating charges640/8€1,415€1,697▲
Gross operating margin9900€4,791€63,264▲
Operating profit (loss)9901€3,376€58,984▲
Financial charges65/66B€8,060€12,304▲
Recurring financial charges65€8,060€12,304▲
Profit (loss) for the period before taxes9903-€4,684€46,680▲
Income taxes67/77-€7,710
Profit (loss) for the period9904-€4,684€38,970▲
Profit (loss) for the period to be appropriated9905-€4,684€38,970▲
Appropriation of the result
Profit (loss) to be appropriated9906-€17,791€21,179▲
Profit (loss) brought forward from the previous period14P-€13,107-€17,791▼
Transfer to equity691/2-€21,179
To other reserves6921-€21,179

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62----€2,583-
Other operating charges640/8€50€122€1,564€1,415€1,697▲ 19.9%
Gross operating margin9900-€3,707-€1,205-€4,830€4,791€63,264▲ 1,220%
Operating profit (loss)9901-€3,757-€1,327-€6,394€3,376€58,984▲ 1,647%
Financial charges65/66B€63€49€1,517€8,060€12,304▲ 52.7%
Recurring financial charges65€63€49€1,517€8,060€12,304▲ 52.7%
Profit (loss) for the period before taxes9903-€3,820-€1,376-€7,911-€4,684€46,680▲ 1,097%
Income taxes67/77----€7,710-
Profit (loss) for the period9904-€3,820-€1,376-€7,911-€4,684€38,970▲ 932%
Profit (loss) for the period to be appropriated9905-€3,820-€1,376-€7,911-€4,684€38,970▲ 932%
Line20212022202320242025Change
Assets
Total assets20/58€125,231€123,623€271,969€446,893€565,533▲ 26.5%
Fixed assets21/28----€500-
Financial fixed assets28----€500-
Current assets29/58€125,231€123,623€271,969€446,893€565,033▲ 26.4%
Stocks and contracts in progress3€118,818€118,818€268,319€430,005€493,537▲ 14.8%
Stocks30/36€118,818€118,818€268,319€430,005€493,537▲ 14.8%
Amounts receivable within one year40/41€6,400€4,759€3,259€15,750€70,359▲ 347%
Other amounts receivable41€6,400€4,759€3,259€15,750€70,359▲ 347%
Cash at bank and in hand54/58€13€45€390€1,139€659▼ 42.1%
Deferred charges and accrued income490/1----€477-
Equity and liabilities
Total equity and liabilities10/49€125,231€123,623€271,969€446,893€565,533▲ 26.5%
Equity10/15€6,180€4,804-€3,107-€7,791€31,179▲ 500%
Contributions10/11€10,000€10,000€10,000€10,000€10,000=
Reserves13----€21,179-
Distributable reserves133----€21,179-
Profit (loss) carried forward14-€3,820-€5,196-€13,107-€17,791€0▲ 100%
Amounts payable17/49€119,051€118,818€275,075€454,684€534,354▲ 17.5%
Amounts payable after more than one year17--€129,000€168,500€0▼ 100%
Financial debts170/4--€129,000€168,500€0▼ 100%
Amounts payable within one year42/48€119,051€118,818€144,874€285,651€533,489▲ 86.8%
Current portion of amounts payable after more than one year42---€129,000€291,500▲ 126%
Trade debts44€233€0€56€1,160€98,779▲ 8,414%
Suppliers440/4€233€0€56€1,160€98,779▲ 8,414%
Taxes, remuneration and social security45----€7,710-
Taxes450/3----€7,710-
Other amounts payable47/48€118,818€118,818€144,818€155,491€135,500▼ 12.9%
Accrued charges and deferred income492/3--€1,201€534€865▲ 62.1%
Line20212022202320242025Change
Profit (loss) for the period9904-€3,820-€1,376-€7,911-€4,684€38,970▲ 932%
Operating cash flow (approximation)-€3,820-€1,376-€7,911-€4,684€38,970▲ 932%
Change in cash-€32€345€749-€480▼ 164%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial Back to profitnet €38,970
Net result €38,970 after 4 loss-making years.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
03-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€7,911
Net result drops to -€7,911, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Haaltert · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
9,748 m²
Building footprint
119 m²
Volume, LiDAR
783 m³
Parcel 41024A1373/00C000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PSK-Projects
Bakkerstraat(HA) 13, 9450 HaaltertReal estate activities
since 20202.303.375.856
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41024A1373/00C000 Flanders 9,748 m² 1 · 119 m² 10.4 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. PSK INVEST 100%
  2. PSK-Projects

Highest known parent: PSK INVEST. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded16-06-2020
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0748612544
Also 9925:BE0748612544
Registered 16-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.