PUL CORP
ActivePUL CORP has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €440k and a net result of €67k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
96
/ 100
Excellent▲ +48 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+76
Solvency82▲+12
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.26 in 2024), and 40.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.7%
Return on assets
9.1%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 51
Relative position
BE, all sectors
reference
Sector 51
higher
← fewer bankruptcies
more bankruptcies →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
11 d late
2023
12 d late
2022
30 d late
2021
40 d early
2020
45 d early
2019
27 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€440k▲ 63.6%
2024 · €269k
2018: €208k
2019: €175k
2020: €188k
2021: €269k
2022: €276k
2023: €274k
2024: €269k
2018 → 2025
Total assets
€737k▲ 16.0%
2024 · €635k
2018: €473k
2019: €402k
2020: €805k
2021: €528k
2022: €504k
2023: €614k
2024: €635k
2018 → 2025
Net result
€67k
2024 · €-4k
2018: €24k
2019: €-38k
2020: €13k
2021: €87k
2022: €7k
2023: €-2k
2024: €-4k
2018 → 2025
Working capital
€53k▲ 5.5%
2024 · €50k
2018: €293k
2019: €261k
2020: €406k
2021: €59k
2022: €75k
2023: €-32k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€269k-€276k▲ 2.5%€274k▼ 0.8%€269k▼ 1.6%€440k▲ 63.6%
Operating result€112k-€-1k€-5k▼ 302%€-11k▼ 100%€76k
Net result€87k-€7k▼ 92.4%€-2k€-4k▼ 114%€67k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €76k after a loss of €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €737k
Fixed assets
€475k▲ 21.8%
Current assets
€262k▲ 6.7%
Equity and liabilities €737k
Equity
€440k▲ 63.6%
Provisions
€33k
Debt
€264k▼ 27.9%
The debt ratio falls from 57.6% to 35.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€135k▲
2024 · €20k
Cash flow
€126k▲
2024 · €26k
Solvency
59.7%▲
2024 · 42.4%
Current ratio
1.25▼
2024 · 1.26
Quick ratio
1.25▲
2024 · 0.17
Debt / equity
0.60▼
2024 · 1.36
ROE
15.2%▲
2024 · -1.6%
ROA
9.1%▲
2024 · -0.7%
Interest coverage
78.44▲
2024 · 3.23
Debt
€264k▼
2024 · €366k
Debt ≤ 1 year
€209k▲
2024 · €195k
Debt > 1 year
€55k▼
2024 · €171k
Income taxes
€28k▲
2024 · €191
Staff costs
€991▲
2024 · €988
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€635k€737k▲
Fixed assets21/28€390k€475k▲
Tangible fixed assets22/27€390k€475k▲
Land and buildings22€339k€434k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€51k€39k▼
Current assets29/58€245k€262k▲
Stocks and contracts in progress3€212k-
Stocks30/36€212k-
Amounts receivable within one year40/41€18k€3k▼
Trade receivables40€13k€1k▼
Other amounts receivable41€5k€2k▼
Current investments50/53-€200k
Cash at bank and in hand54/58€10k€59k▲
Deferred charges and accrued income490/1€5k€5▼
Equity and liabilities
Total equity and liabilities10/49€635k€737k▲
Equity10/15€269k€440k▲
Contributions10/11€19k€19k=
Revaluation surpluses12-€99k
Reserves13€89k€162k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€87k€160k▲
Profit (loss) carried forward14€161k€161k=
Provisions and deferred taxes16-€33k
Deferred taxes168-€33k
Amounts payable17/49€366k€264k▼
Amounts payable after more than one year17€171k€55k▼
Financial debts170/4€171k€55k▼
Amounts payable within one year42/48€195k€209k▲
Trade debts44€21k€14k▼
Suppliers440/4€21k€14k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€172k€192k▲
Income statement
Code20242025
Remuneration, social security and pensions62€988€991▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€59k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€23k€139k▲
Operating profit (loss)9901€-11k€76k▲
Financial income75/76B€13k€21k▲
Recurring financial income75€13k€21k▲
Financial charges65/66B€6k€2k▼
Recurring financial charges65€6k€2k▼
Profit (loss) for the period before taxes9903€-4k€95k▲
Income taxes67/77€191€28k▲
Profit (loss) for the period9904€-4k€67k▲
Profit (loss) for the period to be appropriated9905€-4k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€161k€228k▲
Profit (loss) brought forward from the previous period14P€166k€161k▼
Transfer to equity691/2-€67k
To other reserves6921-€67k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €67k
Net result €67k after 2 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €87k ▲558%
Operating result €112k, net result €87k, both a record.
31-12
Financial
Equity above €200kEq €269k ▲42.7%
2 profitable years in a row build equity to €269k.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 10.30
Current ratio from 3.54 to 10.30; short-term debt falls from €103k to €44k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €-38k ▼260%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lummen · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoogstraat 293560 LummenGround area
186 m²
Building footprint
186 m²
Volume, LiDAR
767 m³
Parcel 71037C2531/00E000, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TAXIM
since 20052.147.951.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C2531/00E000 | Flanders | 186 m² | 1 · 186 m² | 8.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,834 EUR awarded · 1,954 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 186 EUR | 186 EUR |
| 2024 | 1 | 1,086 EUR | 1,086 EUR |
| 2023 | 1 | 128 EUR | 248 EUR |
| 2022 | 1 | 434 EUR | 434 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 451 companies in sector 51100 we hold annual accounts for 170. 101 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2005
Fiscal year end31-12
Activities, NACEBEL
51100Air transport
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.taxim.be