PULPOO
ActiveSummary
The computed 12-month bankruptcy probability of PULPOO is 2.4% (moderate). The 2025 annual accounts show equity of €22,265 and a net result of €12,265. Equity is growing by about 6.9% per year across the filed financial years. The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00534760.
Equity
€22,265▼ 59.8%
2024 · €55,342
Total assets
€110,074▼ 13.1%
2024 · €126,668
Net result
€12,265▼ 21.6%
2024 · €15,639
Working capital
-€23,883
2024 · €97
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 18% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€20,141
2025
Net result€12,265
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€110,074
2025
Equity€22,265
2025
Debt€87,808
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€23,883
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)10.3
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€2,176-€18,457€41,027▲ 122%€17,660▼ 57.0%€30,733▲ 74.0%€24,635▼ 19.8%€20,141▼ 18.2%
Net result-€2,159-€16,977€38,567▲ 127%€14,422▼ 62.6%€27,681▲ 91.9%€15,639▼ 43.5%€12,265▼ 21.6%
Equity€7,841-€23,195▲ 196%€60,162▲ 159%€60,162=€67,842▲ 12.8%€55,342▼ 18.4%€22,265▼ 59.8%
Total assets€14,609-€91,748▲ 528%€139,671▲ 52.2%€128,726▼ 7.8%€125,034▼ 2.9%€126,668▲ 1.3%€110,074▼ 13.1%
Debt€6,768-€68,553▲ 913%€79,509▲ 16.0%€68,565▼ 13.8%€57,192▼ 16.6%€71,326▲ 24.7%€87,808▲ 23.1%
Working capital€7,841-€20,643▲ 163%€46,983▲ 128%€11,224▼ 76.1%€6,444▼ 42.6%€97▼ 98.5%-€23,883
Staff (FTE)0.3-0.2▼ 33.3%4.2▲ 2,000%9.3▲ 121%10.1▲ 8.6%10.3▲ 2.0%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110,074
Fixed assets
€47,972 ▼ 13.2%
Current assets
€62,102 ▼ 13.1%
Equity and liabilities €110,074
Equity
€22,265 ▼ 59.8%
Debt
€87,808 ▲ 23.1%
Debt's share of the balance-sheet total rises from 56.3% to 79.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31,513▼
2024 · €37,681
Cash flow
€23,636▼
2024 · €28,686
Current ratio
0.72▼
2024 · 1.00
Quick ratio
0.67▼
2024 · 0.94
Debt to equity
3.94▲
2024 · 1.29
ROE
55.1%▲
2024 · 28.3%
ROA
11.1%▼
2024 · 12.3%
Interest coverage
7.56▼
2024 · 12.34
Debt ≤ 1 year
€85,985▲
2024 · €71,326
Income taxes
€3,707▼
2024 · €6,057
Staff costs
€46,362▼
2024 · €70,575
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €28,886 | €73,379 | €61,823 | €70,575 | €46,362 | ▼ 34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,275 | €7,332 | €10,675 | €13,436 | €13,047 | €11,371 | ▼ 12.8% |
| Other operating charges640/8 | - | - | €541 | €1,540 | €1,379 | €1,902 | €1,873 | ▼ 1.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €1,031 | - |
| Gross operating margin9900 | €2,456 | €26,358 | €77,786 | €103,254 | €107,371 | €110,158 | €80,779 | ▼ 26.7% |
| Operating profit (loss)9901 | -€2,176 | €18,457 | €41,027 | €17,660 | €30,733 | €24,635 | €20,141 | ▼ 18.2% |
| Financial income75/76B | - | - | €4 | €18 | €153 | €115 | €1 | ▼ 99.5% |
| Recurring financial income75 | €91 | €5 | €4 | €18 | €153 | €115 | €1 | ▼ 99.5% |
| Financial charges65/66B | - | - | €2,464 | €3,255 | €3,172 | €3,054 | €4,170 | ▲ 36.6% |
| Recurring financial charges65 | €73 | €1,485 | €2,464 | €3,255 | €3,172 | €3,054 | €4,170 | ▲ 36.6% |
| Profit (loss) for the period before taxes9903 | -€2,159 | €16,977 | €38,567 | €14,422 | €27,714 | €21,696 | €15,972 | ▼ 26.4% |
| Income taxes67/77 | - | - | - | - | €33 | €6,057 | €3,707 | ▼ 38.8% |
| Profit (loss) for the period9904 | -€2,159 | €16,977 | €38,567 | €14,422 | €27,681 | €15,639 | €12,265 | ▼ 21.6% |
| Profit (loss) for the period to be appropriated9905 | -€2,159 | €16,977 | €38,567 | €14,422 | €27,681 | €15,639 | €12,265 | ▼ 21.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €14,609 | €91,748 | €139,671 | €128,726 | €125,034 | €126,668 | €110,074 | ▼ 13.1% |
| Fixed assets21/28 | - | €55,336 | €61,323 | €64,787 | €67,473 | €55,246 | €47,972 | ▼ 13.2% |
| Tangible fixed assets22/27 | - | €51,076 | €57,063 | €60,527 | €63,213 | €50,986 | €43,712 | ▼ 14.3% |
| Plant, machinery and equipment23 | - | - | €33,319 | €30,536 | €27,537 | €22,224 | €18,369 | ▼ 17.3% |
| Furniture and vehicles24 | - | - | €18,906 | €20,729 | €14,676 | €10,208 | €8,034 | ▼ 21.3% |
| Other tangible fixed assets26 | - | - | €4,838 | €9,262 | €21,000 | €18,554 | €17,309 | ▼ 6.7% |
| Financial fixed assets28 | - | €4,260 | €4,260 | €4,260 | €4,260 | €4,260 | €4,260 | = |
| Current assets29/58 | €14,609 | €36,413 | €78,348 | €63,939 | €57,561 | €71,422 | €62,102 | ▼ 13.1% |
| Stocks and contracts in progress3 | - | €3,364 | €7,926 | €8,259 | €7,907 | €4,486 | €4,486 | = |
| Stocks30/36 | - | - | €7,926 | €8,259 | €7,907 | €4,486 | €4,486 | = |
| Amounts receivable within one year40/41 | €6,577 | €796 | €103 | €2,831 | €10,116 | €8,766 | €4,668 | ▼ 46.8% |
| Trade receivables40 | - | - | €0 | €69 | €6,095 | €6,080 | €4,112 | ▼ 32.4% |
| Other amounts receivable41 | - | - | €103 | €2,762 | €4,021 | €2,686 | €556 | ▼ 79.3% |
| Cash at bank and in hand54/58 | €8,032 | €18,881 | €67,939 | €49,907 | €36,509 | €51,417 | €49,742 | ▼ 3.3% |
| Deferred charges and accrued income490/1 | - | - | €2,380 | €2,942 | €3,029 | €6,753 | €3,206 | ▼ 52.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €14,609 | €91,748 | €139,671 | €128,726 | €125,034 | €126,668 | €110,074 | ▼ 13.1% |
| Equity10/15 | €7,841 | €23,195 | €60,162 | €60,162 | €67,842 | €55,342 | €22,265 | ▼ 59.8% |
| Contributions10/11 | €10,000 | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | €13,195 | €50,162 | €50,162 | €57,842 | €45,342 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €50,162 | €50,162 | €57,842 | €45,342 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€2,159 | €0 | €0 | €0 | €0 | €0 | €12,265 | - |
| Amounts payable17/49 | €6,768 | €68,553 | €79,509 | €68,565 | €57,192 | €71,326 | €87,808 | ▲ 23.1% |
| Amounts payable after more than one year17 | - | €52,784 | €43,911 | €15,069 | €5,737 | €0 | - | - |
| Financial debts170/4 | - | - | €23,911 | €15,069 | €5,737 | €0 | - | - |
| Other amounts payable178/9 | - | - | €20,000 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €6,768 | €15,769 | €31,364 | €52,716 | €51,117 | €71,326 | €85,985 | ▲ 20.6% |
| Current portion of amounts payable after more than one year42 | - | - | €8,873 | €8,853 | €9,332 | €5,737 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | - | - | €31 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €31 | - |
| Trade debts44 | €6,560 | €611 | €6,153 | €5,735 | €3,812 | €12,727 | €11,394 | ▼ 10.5% |
| Suppliers440/4 | - | - | €6,153 | €5,735 | €3,812 | €12,727 | €11,394 | ▼ 10.5% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €1,100 | - |
| Taxes, remuneration and social security45 | - | - | €9,718 | €13,533 | €16,076 | €23,300 | €23,365 | ▲ 0.3% |
| Taxes450/3 | - | - | €5,436 | €6,042 | €6,420 | €11,744 | €13,899 | ▲ 18.4% |
| Remuneration and social security454/9 | - | - | €4,283 | €7,490 | €9,656 | €11,556 | €9,465 | ▼ 18.1% |
| Other amounts payable47/48 | - | - | €6,619 | €24,596 | €21,897 | €29,561 | €50,095 | ▲ 69.5% |
| Accrued charges and deferred income492/3 | - | - | €4,234 | €780 | €338 | €0 | €1,824 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,159 | €16,977 | €38,567 | €14,422 | €27,681 | €15,639 | €12,265 | ▼ 21.6% |
| + Depreciation and write-downs630 | - | €4,275 | €7,332 | €10,675 | €13,436 | €13,047 | €11,371 | ▼ 12.8% |
| Operating cash flow (approximation) | -€2,159 | €21,253 | €45,899 | €25,097 | €41,117 | €28,686 | €23,636 | ▼ 17.6% |
| Investment in fixed assets (approximation) | - | - | -€13,319 | -€14,139 | -€16,121 | -€820 | -€4,097 | ▼ 400% |
| Change in cash | - | €10,849 | €49,058 | -€18,032 | -€13,398 | €14,908 | -€1,675 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00534760 |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00315778 |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00188698 |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00137601 |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20197746 |
| 31-12-2020 | micro format | 08-07-2021 | 2021-34300151 |
| 31-12-2019 | micro format | 07-09-2020 | 2020-51600036 |
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Subsidies and aid
Flemish government
2022 · 1 entry · €104 awarded · €104 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.