PULS-E
ActiveSummary
PULS-E has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248,151 and a net result of €36,991. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-10
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 6.9 against 3.89 in 2024; short-term debt: 14% and cash: 26.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
84.8%
Return on assets
12.6%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
24 d early
2024
28 d early
2023
24 d early
2022
8 d early
2021
26 d early
2020
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€248,151▲ 17.5%
2024 · €211,160
Total assets
€292,504▲ 5.1%
2024 · €278,357
Net result
€36,991▼ 37.9%
2024 · €59,559
Working capital
€241,956▲ 24.5%
2024 · €194,279
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€114,090▲ 92.8%€61,553▼ 46.0%€85,388▲ 38.7%€84,717▼ 0.8%€58,984▼ 30.4%
Net result€81,949above the sector's middle half▲ 90.2%€46,380within the sector's middle half▼ 43.4%€67,183above the sector's middle half▲ 44.9%€59,559within the sector's middle half▼ 11.3%€36,991within the sector's middle half▼ 37.9%
Equity€130,039within the sector's middle half▲ 170%€151,419within the sector's middle half▲ 16.4%€151,602within the sector's middle half▲ 0.1%€211,160within the sector's middle half▲ 39.3%€248,151above the sector's middle half▲ 17.5%
Total assets€158,387within the sector's middle half▲ 149%€189,443within the sector's middle half▲ 19.6%€232,535within the sector's middle half▲ 22.7%€278,357within the sector's middle half▲ 19.7%€292,504within the sector's middle half▲ 5.1%
Debt€28,348▲ 83.5%€38,024▲ 34.1%€80,934▲ 113%€67,196▼ 17.0%€44,353▼ 34.0%
Working capital€101,290within the sector's middle half▲ 120%€129,309within the sector's middle half▲ 27.7%€136,008within the sector's middle half▲ 5.2%€194,279above the sector's middle half▲ 42.8%€241,956above the sector's middle half▲ 24.5%
Solvency82.1%above the sector's middle half▲ 6.4pp79.9%above the sector's middle half▼ 2.2pp65.2%within the sector's middle half▼ 14.7pp75.9%within the sector's middle half▲ 10.7pp84.8%above the sector's middle half▲ 9.0pp
Current ratio4.57above the sector's middle half▲ 0.594.40within the sector's middle half▼ 0.172.68within the sector's middle half▼ 1.723.89within the sector's middle half▲ 1.216.90above the sector's middle half▲ 3.00
Return on assets (ROA)51.7%above the sector's middle half▼ 16.1pp24.5%within the sector's middle half▼ 27.3pp28.9%within the sector's middle half▲ 4.4pp21.4%within the sector's middle half▼ 7.5pp12.6%within the sector's middle half▼ 8.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 has fallen two years in a row; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €292,504
Fixed assets
€9,505 ▼ 43.7%
Current assets
€282,999 ▲ 8.2%
Equity and liabilities €292,504
Equity
€248,151 ▲ 17.5%
Debt
€44,353 ▼ 34.0%
Debt's share of the balance-sheet total falls from 24.1% to 15.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66,360▼
2024 · €91,802
Cash flow
€44,367▼
2024 · €66,644
Debt to equity
0.18▼
2024 · 0.32
ROE
14.9%▼
2024 · 28.2%
Interest coverage
11.55▼
2024 · 312.74
Debt ≤ 1 year
€41,043▼
2024 · €67,196
Income taxes
€17,484▼
2024 · €27,813
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
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 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 26,975 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 | €4,207 | €6,638 | €6,497 | €7,085 | €7,376 | ▲ 4.1% |
| Other operating charges640/8 | €266 | €356 | €738 | €842 | €925 | ▲ 9.8% |
| Gross operating margin9900 | €118,563 | €68,547 | €92,624 | €92,644 | €67,285 | ▼ 27.4% |
| Operating profit (loss)9901 | €114,090 | €61,553 | €85,388 | €84,717 | €58,984 | ▼ 30.4% |
| Financial income75/76B | - | - | €0 | €2,948 | €1,234 | ▼ 58.1% |
| Recurring financial income75 | - | - | €0 | €2,948 | €1,234 | ▼ 58.1% |
| Financial charges65/66B | €475 | €766 | €1,256 | €294 | €5,744 | ▲ 1,857% |
| Recurring financial charges65 | €475 | €766 | €1,256 | €294 | €5,744 | ▲ 1,857% |
| Profit (loss) for the period before taxes9903 | €113,615 | €60,788 | €84,132 | €87,372 | €54,474 | ▼ 37.7% |
| Income taxes67/77 | €31,666 | €14,407 | €16,950 | €27,813 | €17,484 | ▼ 37.1% |
| Profit (loss) for the period9904 | €81,949 | €46,380 | €67,183 | €59,559 | €36,991 | ▼ 37.9% |
| Profit (loss) for the period to be appropriated9905 | €81,949 | €46,380 | €67,183 | €59,559 | €36,991 | ▼ 37.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,387 | €189,443 | €232,535 | €278,357 | €292,504 | ▲ 5.1% |
| Fixed assets21/28 | €28,748 | €22,110 | €15,613 | €16,881 | €9,505 | ▼ 43.7% |
| Tangible fixed assets22/27 | €28,748 | €22,110 | €15,613 | €16,881 | €9,505 | ▼ 43.7% |
| Furniture and vehicles24 | €28,748 | €22,110 | €15,613 | €11,007 | €4,254 | ▼ 61.4% |
| Other tangible fixed assets26 | - | - | - | €5,874 | €5,251 | ▼ 10.6% |
| Current assets29/58 | €129,639 | €167,333 | €216,922 | €261,475 | €282,999 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €14,996 | €21,151 | €30,012 | €12,342 | €3,766 | ▼ 69.5% |
| Trade receivables40 | €14,520 | €13,295 | €11,931 | €12,342 | - | - |
| Other amounts receivable41 | €476 | €7,857 | €18,082 | - | €3,766 | - |
| Current investments50/53 | - | - | - | - | €200,000 | - |
| Cash at bank and in hand54/58 | €113,341 | €145,539 | €186,238 | €249,052 | €77,542 | ▼ 68.9% |
| Deferred charges and accrued income490/1 | €1,302 | €642 | €671 | €82 | €1,690 | ▲ 1,968% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,387 | €189,443 | €232,535 | €278,357 | €292,504 | ▲ 5.1% |
| Equity10/15 | €130,039 | €151,419 | €151,602 | €211,160 | €248,151 | ▲ 17.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €124,900 | €146,250 | €146,250 | €205,750 | €242,700 | ▲ 18.0% |
| Distributable reserves133 | €124,900 | €146,250 | €146,250 | €205,750 | €242,700 | ▲ 18.0% |
| Profit (loss) carried forward14 | €139 | €169 | €352 | €410 | €451 | ▲ 9.9% |
| Amounts payable17/49 | €28,348 | €38,024 | €80,934 | €67,196 | €44,353 | ▼ 34.0% |
| Amounts payable within one year42/48 | €28,348 | €38,024 | €80,914 | €67,196 | €41,043 | ▼ 38.9% |
| Financial debts43 | €3,750 | €5,544 | €8,851 | - | - | - |
| Credit institutions430/8 | €3,750 | €5,544 | €8,851 | - | - | - |
| Trade debts44 | €1,697 | €2,183 | €921 | €1,296 | €1,477 | ▲ 14.0% |
| Suppliers440/4 | €1,697 | €2,183 | €921 | €1,296 | €1,477 | ▲ 14.0% |
| Taxes, remuneration and social security45 | €22,901 | €5,297 | €4,142 | €8,952 | €4,611 | ▼ 48.5% |
| Taxes450/3 | €22,901 | €3,722 | €4,142 | €8,952 | €4,611 | ▼ 48.5% |
| Remuneration and social security454/9 | - | €1,575 | - | - | - | - |
| Other amounts payable47/48 | - | €25,000 | €67,000 | €56,948 | €34,955 | ▼ 38.6% |
| Accrued charges and deferred income492/3 | - | - | €20 | - | €3,310 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,949 | €46,380 | €67,183 | €59,559 | €36,991 | ▼ 37.9% |
| + Depreciation and write-downs630 | €4,207 | €6,638 | €6,497 | €7,085 | €7,376 | ▲ 4.1% |
| Operating cash flow (approximation) | €86,156 | €53,018 | €73,680 | €66,644 | €44,367 | ▼ 33.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€8,353 | €0 | ▲ 100% |
| Change in cash | - | €32,198 | €40,699 | €62,813 | -€171,509 | ▼ 373% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €36,991 ▼37.9%
Net result drops to €36,991, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €211,160 ▲39.3%
5 profitable years in a row build equity to €211,160.
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €151,419 ▲16.4%
3 profitable years in a row build equity to €151,419.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €81,949 ▲90.2%
Operating result €114,090, net result €81,949, both a record.
31-12
Financial
Equity above €100,000Eq €130,039 ▲170%
2 profitable years in a row build equity to €130,039.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Puurs-Sint-Amands · 1 establishment unit since 2020
Ground area
925 m²
Building footprint
129 m²
Volume, LiDAR
742 m³
Parcel 12022A0243/00K000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PULS-E
since 20202.304.218.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12022A0243/00K000 | Flanders | 925 m² | 1 · 129 m² | 9.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 278 EUR awarded · 278 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 278 EUR |
| 2022 | 1 | 278 EUR | 0 EUR |
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 38,981 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
Founded26-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749436054
Also
9925:BE0749436054
Registered
25-04-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.