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PSP

Active
Private limited companyfounded 197847 yrs activeMolenstraat 6, 8830 Hooglede, BelgiumKBO/BCE: BE 0418.909.544
Summary

PSP has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €952,119 and a net result of €46,746. Equity is growing by ~52.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability50▼-30
Solvency100▲+13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
short-term debt: 0.1% and cash: 8.8% of total assets, and 0.1% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 47 years 0 50 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
99.9%
Return on assets
4.9%
Age of the figures
19 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 26-09-2025, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 d early
2024
8 d late
2023
1 d early
2022
20 d late
2021
12 d late
2020
on the day
2019
4 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 4 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
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

On 24 November 1978, PSP was incorporated.1 Total assets went from EUR 116,872 in 2019 to EUR 953,505 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€952,119▲ 5.2%
2024 · €905,372
Total assets
€953,505▼ 34.6%
2024 · €1.5m
Net result
€46,746▼ 81.3%
2024 · €249,952
Working capital
€952,119▲ 5.2%
2024 · €905,372
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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-€1,709▼ 1.0%€90,721€635,475▲ 600%€262,994▼ 58.6%€63,093▼ 76.0%
Net result-€1,759below the sector's middle half▼ 1.7%€90,677within the sector's middle half€634,799above the sector's middle half▲ 600%€249,952above the sector's middle half▼ 60.6%€46,746within the sector's middle half▼ 81.3%
Equity€112,118within the sector's middle half▼ 1.5%€202,796within the sector's middle half▲ 80.9%€655,420within the sector's middle half▲ 223%€905,372above the sector's middle half▲ 38.1%€952,119above the sector's middle half▲ 5.2%
Total assets€112,118within the sector's middle half▼ 2.6%€202,868below the sector's middle half▲ 80.9%€2.4mabove the sector's middle half▲ 1,085%€1.5mwithin the sector's middle half▼ 39.4%€953,505within the sector's middle half▼ 34.6%
Debt€0▼ 100%€73€1.7m▲ 2,408,683%€551,908▼ 68.4%€1,386▼ 99.7%
Working capital€112,118above the sector's middle half▼ 1.5%€202,796within the sector's middle half▲ 80.9%€655,420above the sector's middle half▲ 223%€905,372above the sector's middle half▲ 38.1%€952,119above the sector's middle half▲ 5.2%
Solvency100.0%above the sector's middle half▲ 1.1pp100.0%above the sector's middle half=27.3%within the sector's middle half▼ 72.7pp62.1%within the sector's middle half▲ 34.9pp99.9%above the sector's middle half▲ 37.7pp
Current ratio1.37within the sector's middle half2.64within the sector's middle half▲ 1.27
Return on assets (ROA)-1.6%below the sector's middle half▼ 0.1pp44.7%above the sector's middle half▲ 46.3pp26.4%above the sector's middle half▼ 18.3pp17.2%above the sector's middle half▼ 9.3pp4.9%within the sector's middle half▼ 12.2pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2021: -€1,709-€1,709Net result 2021: -€1,759-€1,759Operating result 2022: €90,721€90,721Net result 2022: €90,677€90,677Operating result 2023: €635,475€635,475Net result 2023: €634,799€634,799Operating result 2024: €262,994€262,994Net result 2024: €249,952€249,952Operating result 2025: €63,093€63,093Net result 2025: €46,746€46,74620212022202320242025€0€200,000€400,000€600,000Operating result 2023: €635,475€635,000Net result 2023: €634,799€635,000Operating result 2024: €262,994€263,000Net result 2024: €249,952€250,000Operating result 2025: €63,093€63,100Net result 2025: €46,746€46,700202320242025
The operating result has fallen two years in a row; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €953,505
Equity €952,119 ▲ 5.2%
Debt €1,386 ▼ 99.7%
Debt's share of the balance-sheet total falls from 37.9% to 0.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.00▼
2024 · 0.61
ROE
4.9%▼
2024 · 27.6%
Debt ≤ 1 year
€1,386▼
2024 · €551,908
Income taxes
€15,860▲
2024 · €12,962
A ratio outside any meaningful range has been withheld (balance sheet total €953,505, equity €952,119).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 14,732 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 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.5m€953,505▼
Current assets29/58€1.5m€953,505▼
Amounts receivable within one year40/41€1.4m€869,782▼
Trade receivables40€1.4m€865,643▼
Other amounts receivable41-€4,140
Cash at bank and in hand54/58€36,189€83,723▲
Equity and liabilities
Total equity and liabilities10/49€1.5m€953,505▼
Equity10/15€905,372€952,119▲
Contributions10/11€18,550€18,550=
Reserves13€1,855€1,855=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1,855€1,855=
Profit (loss) carried forward14€884,967€931,714▲
Amounts payable17/49€551,908€1,386▼
Amounts payable within one year42/48€551,908€1,386▼
Trade debts44€536,016€740▼
Suppliers440/4€536,016€740▼
Taxes, remuneration and social security45€15,892€647▼
Taxes450/3€15,892€647▼
Other amounts payable47/48€0-
Income statement Code20242025
Other operating charges640/8€115€126▲
Gross operating margin9900€263,109€63,219▼
Operating profit (loss)9901€262,994€63,093▼
Financial charges65/66B€79€486▲
Recurring financial charges65€79€486▲
Profit (loss) for the period before taxes9903€262,915€62,607▼
Income taxes67/77€12,962€15,860▲
Profit (loss) for the period9904€249,952€46,746▼
Profit (loss) for the period to be appropriated9905€249,952€46,746▼
Appropriation of the result
Profit (loss) to be appropriated9906€884,967€931,714▲
Profit (loss) brought forward from the previous period14P€635,015€884,967▲
Transfer from equity791/2€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€0€8,731€115€126▲ 9.6%
Gross operating margin9900-€1,600€90,721€644,206€263,109€63,219▼ 76.0%
Operating profit (loss)9901-€1,709€90,721€635,475€262,994€63,093▼ 76.0%
Financial charges65/66B-€44€676€79€486▲ 513%
Recurring financial charges65€50€44€676€79€486▲ 513%
Profit (loss) for the period before taxes9903-€1,759€90,677€634,799€262,915€62,607▼ 76.2%
Income taxes67/77---€12,962€15,860▲ 22.4%
Profit (loss) for the period9904-€1,759€90,677€634,799€249,952€46,746▼ 81.3%
Profit (loss) for the period to be appropriated9905-€1,759€90,677€634,799€249,952€46,746▼ 81.3%
Line20212022202320242025Change
Assets
Total assets20/58€112,118€202,868€2.4m€1.5m€953,505▼ 34.6%
Current assets29/58€112,118€202,868€2.4m€1.5m€953,505▼ 34.6%
Amounts receivable within one year40/41€65,633€130,068€2.0m€1.4m€869,782▼ 38.8%
Trade receivables40-€129,851€2.0m€1.4m€865,643▼ 39.1%
Other amounts receivable41-€218€0-€4,140-
Cash at bank and in hand54/58€46,485€72,800€356,288€36,189€83,723▲ 131%
Equity and liabilities
Total equity and liabilities10/49€112,118€202,868€2.4m€1.5m€953,505▼ 34.6%
Equity10/15€112,118€202,796€655,420€905,372€952,119▲ 5.2%
Contributions10/11-€18,550€18,550€18,550€18,550=
Reserves13€1,855€1,855€1,855€1,855€1,855=
Non-distributable reserves130/1-€1,855€1,855€0--
Reserves not available under the articles1311-€1,855€1,855€0--
Distributable reserves133---€1,855€1,855=
Profit (loss) carried forward14€91,713€182,391€635,015€884,967€931,714▲ 5.3%
Amounts payable17/49€0€73€1.7m€551,908€1,386▼ 99.7%
Amounts payable within one year42/48€0€73€1.7m€551,908€1,386▼ 99.7%
Trade debts44€0€73€1.6m€536,016€740▼ 99.9%
Suppliers440/4-€73€1.6m€536,016€740▼ 99.9%
Taxes, remuneration and social security45--€573€15,892€647▼ 95.9%
Taxes450/3--€573€15,892€647▼ 95.9%
Other amounts payable47/48--€180,893€0--
Line20212022202320242025Change
Profit (loss) for the period9904-€1,759€90,677€634,799€249,952€46,746▼ 81.3%
Operating cash flow (approximation)-€1,759€90,677€634,799€249,952€46,746▼ 81.3%
Change in cash-€26,315€283,488-€320,099€47,534▲ 115%

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

2025
26-09
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
28-02
Financial Liquidity times 260current ratio 687.73
Current ratio from 2.64 to 687.73; short-term debt falls from €551,908 to €1,386.
2024
08-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2023
29-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
28-02
Financial Highest result since 2019net €634,799 ▲600%
Operating result €635,475, net result €634,799, both a record.
28-02
Financial Equity above €500,000Eq €655,420 ▲223%
2 profitable years in a row build equity to €655,420.
2022
20-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 20 days late
28-02
Financial Back to profitnet €90,677
Net result €90,677 after 2 loss-making years.
28-02
Financial Equity above €200,000Eq €202,796 ▲80.9%
Equity rises from €112,118 to €202,796.
2021
12-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
28-02
Financial Weakest financial yearnet -€1,759
Net result drops to -€1,759, the lowest in the series; recovery starts the following year.
2020
30-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2019
26-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
17-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
13-10
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
6 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, Hooglede · 1 establishment unit since 1979
seat establishment The establishment unit on the map
Ground area
4,877 m²
Building footprint
579 m²
Volume, LiDAR
2,866 m³
Parcel 36006C0315/00D000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
PSP
Molenstraat 6, 8830 HoogledeConstruction of residential and non-residential buildings
since 19792.015.511.332
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36006C0315/00D000 Flanders 4,877 m² 1 · 579 m² 9.7 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. HOOGLAND 97.65%
  2. PSP

Highest known parent: HOOGLAND. 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.

Similar companies · same sector, comparable size

Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 3,352 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
Founded24-11-1978
Fiscal year end28-02
Activities, NACEBEL 2025
43990Other specialised construction activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID 0208:0418909544
Also 9925:BE0418909544
Registered 01-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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