PSM PARTNERS
ActiveSummary
PSM PARTNERS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,136 and a net result of -€1,610. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 87% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-33
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 17.55; short-term debt: 5.3% and cash: 59.9% of total assets), and 15.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
84.8%
Return on assets
-7.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-04-2026, 99 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
99 d early
2024
86 d early
2023
125 d early
2022
147 d early
2021
122 d early
2020
136 d early
2019
88 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 115 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,136▼ 7.8%
2024 · €20,746
Total assets
€22,563▲ 8.4%
2024 · €20,819
Net result
-€1,610
2024 · €494
Working capital
€19,979▼ 3.7%
2024 · €20,746
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€253▲ 68.1%-€1,261▼ 397%€7,696€662▼ 91.4%-€1,466
Net result-€419below the sector's middle half▲ 47.1%-€1,414below the sector's middle half▼ 237%€7,555within the sector's middle half€494within the sector's middle half▼ 93.5%-€1,610below the sector's middle half
Equity€14,110below the sector's middle half▼ 2.9%€12,696below the sector's middle half▼ 10.0%€20,251below the sector's middle half▲ 59.5%€20,746below the sector's middle half▲ 2.4%€19,136below the sector's middle half▼ 7.8%
Total assets€17,994below the sector's middle half▼ 2.5%€14,906below the sector's middle half▼ 17.2%€21,699below the sector's middle half▲ 45.6%€20,819below the sector's middle half▼ 4.1%€22,563below the sector's middle half▲ 8.4%
Debt€3,884▼ 1.2%€2,210▼ 43.1%€1,448▼ 34.5%€73▼ 95.0%€3,427▲ 4,591%
Working capital€13,063▲ 1.9%€12,311▼ 5.8%€20,251▲ 64.5%€20,746▲ 2.4%€19,979▼ 3.7%
Solvency78.4%above the sector's middle half▼ 0.3pp85.2%above the sector's middle half▲ 6.8pp93.3%above the sector's middle half▲ 8.2pp99.6%above the sector's middle half▲ 6.3pp84.8%above the sector's middle half▼ 14.8pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,466 after €662 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22,563
Fixed assets
€1,377
Current assets
€21,187
Equity and liabilities €22,563
Equity
€19,136 ▼ 7.8%
Debt
€3,427 ▲ 4,591%
Debt's share of the balance-sheet total rises from 0.4% to 15.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€899
Cash flow
-€1,043
Current ratio
17.55
Debt to equity
0.18▲
2024 · 0.00
ROE
-8.4%▼
2024 · 2.4%
ROA
-7.1%▼
2024 · 2.4%
Interest coverage
-6.22
Debt ≤ 1 year
€1,207▲
2024 · €73
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
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%.
| 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 12,304 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €661 | €661 | €386 | - | €567 | - |
| Other operating charges640/8 | - | €596 | €813 | €1,093 | €1,234 | ▲ 12.9% |
| Gross operating margin9900 | €1,643 | -€3 | €8,894 | €1,754 | €335 | ▼ 80.9% |
| Operating profit (loss)9901 | -€253 | -€1,261 | €7,696 | €662 | -€1,466 | ▼ 322% |
| Financial income75/76B | - | €0 | - | - | €0 | - |
| Recurring financial income75 | €0 | €0 | - | - | €0 | - |
| Financial charges65/66B | - | €153 | €140 | €167 | €145 | ▼ 13.5% |
| Recurring financial charges65 | €166 | €153 | €140 | €167 | €145 | ▼ 13.5% |
| Profit (loss) for the period before taxes9903 | -€419 | -€1,414 | €7,555 | €494 | -€1,610 | ▼ 426% |
| Profit (loss) for the period9904 | -€419 | -€1,414 | €7,555 | €494 | -€1,610 | ▼ 426% |
| Profit (loss) for the period to be appropriated9905 | -€419 | -€1,414 | €7,555 | €494 | -€1,610 | ▼ 426% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,994 | €14,906 | €21,699 | €20,819 | €22,563 | ▲ 8.4% |
| Fixed assets21/28 | €1,047 | €386 | - | €0 | €1,377 | - |
| Tangible fixed assets22/27 | €1,047 | €386 | - | €0 | €1,377 | - |
| Plant, machinery and equipment23 | - | €386 | - | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €0 | €1,377 | - |
| Current assets29/58 | €16,947 | €14,521 | €21,699 | €20,819 | €21,187 | ▲ 1.8% |
| Stocks and contracts in progress3 | €178 | €152 | - | - | - | - |
| Stocks30/36 | - | €152 | - | - | - | - |
| Amounts receivable within one year40/41 | €1,320 | €369 | €2,063 | €2,469 | €7,661 | ▲ 210% |
| Trade receivables40 | - | €369 | €2,063 | €2,063 | €7,661 | ▲ 271% |
| Other amounts receivable41 | - | - | - | €406 | - | - |
| Cash at bank and in hand54/58 | €15,449 | €14,000 | €19,636 | €18,350 | €13,526 | ▼ 26.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,994 | €14,906 | €21,699 | €20,819 | €22,563 | ▲ 8.4% |
| Equity10/15 | €14,110 | €12,696 | €20,251 | €20,746 | €19,136 | ▼ 7.8% |
| Contributions10/11 | €11,695 | €11,695 | €11,695 | €11,695 | €11,695 | = |
| Capital10 | - | €11,695 | €11,695 | €11,695 | €11,695 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Uncalled capital101 | - | €6,897 | €6,897 | €6,897 | €6,897 | = |
| Reserves13 | €2,415 | €1,860 | €8,556 | €9,051 | €7,441 | ▼ 17.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €6,696 | €7,191 | €5,581 | ▼ 22.4% |
| Profit (loss) carried forward14 | - | -€859 | - | - | - | - |
| Amounts payable17/49 | €3,884 | €2,210 | €1,448 | €73 | €3,427 | ▲ 4,591% |
| Amounts payable within one year42/48 | €3,884 | €2,210 | €1,448 | €73 | €1,207 | ▲ 1,552% |
| Trade debts44 | €348 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €1 | €380 | - | €212 | - |
| Taxes450/3 | - | €1 | €380 | - | €212 | - |
| Other amounts payable47/48 | - | €2,209 | €1,068 | €73 | €995 | ▲ 1,261% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,220 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€419 | -€1,414 | €7,555 | €494 | -€1,610 | ▼ 426% |
| + Depreciation and write-downs630 | €661 | €661 | €386 | - | €567 | - |
| Operating cash flow (approximation) | €242 | -€753 | €7,941 | €494 | -€1,043 | ▼ 311% |
| Investment in fixed assets (approximation) | - | €0 | - | - | -€1,943 | - |
| Change in cash | - | -€1,449 | €5,637 | -€1,287 | -€4,824 | ▼ 275% |
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
Next filing, fiscal year 2026, expected by
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 19current ratio 284.96
Current ratio from 14.99 to 284.96; short-term debt falls from €1,448 to €73.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7,555
Net result €7,555 after 5 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 14.99
Current ratio from 6.57 to 14.99; short-term debt falls from €2,210 to €1,448.
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€3,554
Net result drops to -€3,554, the lowest in the series; recovery starts the following year.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Putte · 1 establishment unit since 2000
Ground area
503 m²
Building footprint
89 m²
Volume, LiDAR
472 m³
Parcel 12001C0213/00D003, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hoogstraat 138, 2580 Putte
since 20002.078.962.396
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001C0213/00D003 | Flanders | 502 m² | 1 · 89 m² | 9.0 m · 1 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.
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 724 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 (pre-2019)
Founded04-10-1996
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458952629
Also
9925:BE0458952629
Registered
14-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.