PSYCHE
ActiveFrom the official registers: KBO 23 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
PSYCHE has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €245,823 and a net result of €122,040. Equity fluctuates too strongly from year to year to read a trend from it. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 15-10-2002 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.392.146.395 7020 Mons, since 11-10-2002
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €188,239
- ▲ 122%
- Turnover
- ≈ €470,000
- estimated
- Profit
- €122,040
- ▲ 188%
- Equity
- €245,823
- ▲ 98.6%
- Total assets
- €306,116
- ▲ 85.6%
Score breakdownlowers riskSize: total assets €306,116Equity €245,823 (80.3% of total assets)Figures for financial year 2025 (filed on 12-08-2026)No main activity registeredShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 81% of them on solvency, 52% on liquidity, 90% on profitability and 92% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 32 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 12 days after the deadline Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00394222.
Annual accounts 2025 filed on 12-08-2026 at the NBB all 23 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 151% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
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.
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as PSYCHE has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PSYCHE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 31,368 companies, not a prediction for PSYCHE. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,876 | €33,081 | €30,662 | €21,842 | €7,856 | €14,097 | €16,961 | €18,374 | ▲ 8.3% |
| Other operating charges640/8 | - | - | - | €4,122 | €4,184 | €3,339 | €963 | €1,558 | ▲ 61.9% |
| Gross operating margin9900 | €70,585 | €52,138 | €53,791 | €23,037 | €39,138 | €85,891 | €84,971 | €188,239 | ▲ 122% |
| Operating profit (loss)9901 | €33,564 | €16,284 | €20,575 | -€2,927 | €27,098 | €68,455 | €67,047 | €168,307 | ▲ 151% |
| Financial income75/76B | - | - | - | €10,466 | €20,593 | €189 | €2,359 | €8,490 | ▲ 260% |
| Recurring financial income75 | €422 | €860 | €1,654 | €1,330 | €1,013 | €189 | €562 | €6,033 | ▲ 973% |
| Non-recurring financial income76B | - | - | - | €9,136 | €19,580 | - | €1,797 | €2,457 | ▲ 36.8% |
| Financial charges65/66B | - | - | - | €7,172 | €14,303 | €4,491 | €9,804 | €1,932 | ▼ 80.3% |
| Recurring financial charges65 | €9,571 | €8,389 | €7,586 | €7,172 | €13,527 | €3,507 | €3,383 | €1,932 | ▼ 42.9% |
| Non-recurring financial charges66B | - | - | - | - | €776 | €984 | €6,421 | - | - |
| Profit (loss) for the period before taxes9903 | €11,735 | €7,626 | €14,280 | €366 | €33,388 | €64,153 | €59,602 | €174,865 | ▲ 193% |
| Income taxes67/77 | €210 | €3,240 | €4,917 | €176 | €6,804 | €17,994 | €17,238 | €52,824 | ▲ 206% |
| Profit (loss) for the period9904 | €11,525 | €4,386 | €9,363 | €191 | €26,584 | €46,160 | €42,364 | €122,040 | ▲ 188% |
| Profit (loss) for the period to be appropriated9905 | €11,525 | €4,386 | €9,363 | €191 | €26,584 | €46,160 | €42,364 | €122,040 | ▲ 188% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €198,838 | €205,405 | €175,860 | €149,696 | €87,741 | €159,461 | €164,918 | €306,116 | ▲ 85.6% |
| Fixed assets21/28 | €176,735 | €153,074 | €131,843 | €100,548 | €57,823 | €96,280 | €91,097 | €87,543 | ▼ 3.9% |
| Tangible fixed assets22/27 | €176,710 | €153,049 | €131,818 | €100,523 | €57,798 | €96,255 | €91,072 | €87,518 | ▼ 3.9% |
| Land and buildings22 | - | - | - | €91,149 | €31,618 | €44,666 | €42,300 | €39,933 | ▼ 5.6% |
| Furniture and vehicles24 | - | - | - | €9,374 | €26,181 | €51,589 | €48,773 | €47,585 | ▼ 2.4% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €22,103 | €52,330 | €44,016 | €49,148 | €29,918 | €63,181 | €73,820 | €218,573 | ▲ 196% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €78,200 | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €78,200 | - |
| Amounts receivable within one year40/41 | €8,962 | €33,199 | €32,234 | €34,479 | €7,045 | €14,548 | €23,795 | €16,462 | ▼ 30.8% |
| Trade receivables40 | - | - | - | €9,673 | €2,472 | €5,465 | €1,423 | €1,152 | ▼ 19.0% |
| Other amounts receivable41 | - | - | - | €24,806 | €4,573 | €9,083 | €22,372 | €15,310 | ▼ 31.6% |
| Current investments50/53 | - | - | - | - | - | - | €15,000 | €46,248 | ▲ 208% |
| Cash at bank and in hand54/58 | €6,868 | €17,816 | €9,327 | €12,406 | €13,579 | €45,484 | €31,973 | €23,581 | ▼ 26.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,264 | €9,295 | €3,149 | €3,053 | €54,082 | ▲ 18× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €198,838 | €205,405 | €175,860 | €149,696 | €87,741 | €159,461 | €164,918 | €306,116 | ▲ 85.6% |
| Equity10/15 | -€5,264 | -€878 | €8,485 | €8,676 | €35,259 | €81,419 | €123,783 | €245,823 | ▲ 98.6% |
| Contributions10/11 | €12,600 | €12,600 | - | €12,600 | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Contributions outside capital11 | - | - | - | €12,600 | €12,600 | €12,600 | - | - | - |
| Other1109/19 | - | - | - | €12,600 | €12,600 | €12,600 | - | - | - |
| Reserves13 | €2,711 | €2,711 | €2,711 | €2,711 | €2,711 | €48,871 | €91,235 | €213,275 | ▲ 134% |
| Non-distributable reserves130/1 | - | - | - | €2,711 | €2,711 | €2,711 | €2,711 | €2,711 | = |
| Reserves not available under the articles1311 | - | - | - | €2,711 | €2,711 | €2,711 | €2,711 | €2,711 | = |
| Distributable reserves133 | - | - | - | - | - | €46,160 | €88,524 | €210,564 | ▲ 138% |
| Profit (loss) carried forward14 | -€20,575 | -€16,189 | -€6,826 | -€6,635 | €19,948 | €19,948 | €19,948 | €19,948 | = |
| Amounts payable17/49 | €204,102 | €206,283 | €167,375 | €141,021 | €52,482 | €78,042 | €41,135 | €60,293 | ▲ 46.6% |
| Amounts payable after more than one year17 | €168,882 | €145,930 | €122,431 | €100,536 | €20,098 | €31,874 | €22,321 | €12,304 | ▼ 44.9% |
| Financial debts170/4 | - | - | - | €100,536 | €20,098 | €31,874 | €22,321 | €12,304 | ▼ 44.9% |
| Amounts payable within one year42/48 | €35,221 | €60,298 | €44,921 | €40,485 | €32,385 | €46,168 | €18,664 | €47,989 | ▲ 157% |
| Current portion of amounts payable after more than one year42 | - | - | - | €27,754 | €16,236 | €33,561 | €9,553 | €10,017 | ▲ 4.9% |
| Trade debts44 | €5,944 | €5,407 | €9,306 | €7,586 | €9,169 | €1,319 | €6,881 | €7,890 | ▲ 14.7% |
| Suppliers440/4 | - | - | - | €7,586 | €9,169 | €1,319 | €6,881 | €7,890 | ▲ 14.7% |
| Taxes, remuneration and social security45 | - | - | - | €5,146 | €6,980 | €11,289 | €2,230 | €30,082 | ▲ 13× |
| Taxes450/3 | - | - | - | €5,125 | €6,980 | €11,289 | €2,230 | €30,082 | ▲ 13× |
| Remuneration and social security454/9 | - | - | - | €20 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €150 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,525 | €4,386 | €9,363 | €191 | €26,584 | €46,160 | €42,364 | €122,040 | ▲ 188% |
| + Depreciation and write-downs630 | €31,876 | €33,081 | €30,662 | €21,842 | €7,856 | €14,097 | €16,961 | €18,374 | ▲ 8.3% |
| Operating cash flow (approximation) | €43,401 | €37,468 | €40,025 | €22,032 | €34,439 | €60,256 | €59,325 | €140,414 | ▲ 137% |
| Investment in fixed assets (approximation) | - | -€9,421 | -€9,431 | €9,454 | €34,869 | -€52,554 | -€11,778 | -€14,819 | ▼ 25.8% |
| Change in cash | - | €10,947 | -€8,489 | €3,079 | €1,173 | €31,905 | -€13,512 | -€8,392 | ▲ 37.9% |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-08-2026 | 2026-00394222 | NBB |
| 31-12-2024 | micro format | 18-08-2025 | 2025-00386204 | |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00357473 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00439683 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20357519 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57300106 | |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64000097 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46900370 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59000241 | |
| 31-12-2016 | micro format | 27-09-2017 | 2017-62700042 |
Board & ownership
Directors
Board 1
Day-to-day management 1
Owners and capital
Capital transactions
- 17-02-2023 Converted to unavailable equity · €18,600
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| BRENARD Frédéric |
|
Articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, Nature des actions”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Si aucun autre liquidateur désigné, désigner liquidateurs et déterminer pouvoirs et émoluments”
Articles of association, deed of 17-02-2023 (in French)
Network & group
PSYCHE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PSYCHE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
17-02
Gazette deed
Resignation: BRENARD Frédéric (manager)Appointment: BRENARD Frédéric (administrateur, administrateur délégué et représentant permanent) · Legal-form conversion · Capital conversion8 points ▸
- General meeting, 09-01-2023
- Director resignation, BRENARD Frédéric (manager)
- Director appointment, BRENARD Frédéric (administrateur, administrateur délégué et représentant permanent)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “compte de capitaux propres statutairement indisponible, suppression” (deed in French)
- Registered-office move, 7020 Nimy, Avenue des Ormes 25
- Amendment of the articles
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53059A0248/00F019 | Wallonia | 790 m² | 1 · 172 m² | 5.3 m · 1 |