PULSA
ActiveSummary
The computed 12-month bankruptcy probability of PULSA is 1.6% (moderate). The 2025 annual accounts show equity of €6k and a net result of €5k. Its solvency ranks better than 75% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency95▲+50
Growth78
Track record82
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.33 against 1.25 in 2024; short-term debt: 30% and cash: 45.4% of total assets), and 30% of the assets are financed with debt.
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Signals
Five 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 →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
70%
Return on assets
58.7%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€20k
EBIT margin
36.3%
Net result
€5k
2024 · €-2k
Working capital
€6k▲ 519%
2024 · €999
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Turnover€20k
Operating result€-2k-€7k
Net result€-2k-€5k
EBIT margin36.3%
Equity€999-€6k▲ 519%
Total assets€5k-€9k▲ 76.6%
Debt€4k-€3k▼ 33.8%
Working capital€999-€6k▲ 519%
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: €7k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €9k
Equity
€6k ▲ 519%
Debt
€3k ▼ 33.8%
Debt's share of the balance-sheet total falls from 80.0% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.33▲
2024 · 1.25
Debt to equity
0.43
ROE
83.8%
ROA
58.7%▲
2024 · -40.0%
Debt ≤ 1 year
€3k▼
2024 · €4k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | - | €20k | - |
| Goods, raw materials, services and sundry goods60/61 | - | €12k | - |
| Other operating charges640/8 | - | €224 | - |
| Gross operating margin9900 | €-2k | €7k | ▲ 465% |
| Operating profit (loss)9901 | €-2k | €7k | ▲ 454% |
| Financial charges65/66B | - | €210 | - |
| Recurring financial charges65 | - | €210 | - |
| Profit (loss) for the period before taxes9903 | €-2k | €7k | ▲ 444% |
| Income taxes67/77 | - | €2k | - |
| Profit (loss) for the period9904 | €-2k | €5k | ▲ 359% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €5k | ▲ 359% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €5k | €9k | ▲ 76.6% |
| Current assets29/58 | €5k | €9k | ▲ 76.6% |
| Amounts receivable within one year40/41 | - | €5k | - |
| Trade receivables40 | - | €3k | - |
| Other amounts receivable41 | - | €2k | - |
| Cash at bank and in hand54/58 | €5k | €4k | ▼ 19.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €5k | €9k | ▲ 76.6% |
| Equity10/15 | €999 | €6k | ▲ 519% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | - | €3k | - |
| Distributable reserves133 | - | €3k | - |
| Profit (loss) carried forward14 | €-2k | - | - |
| Amounts payable17/49 | €4k | €3k | ▼ 33.8% |
| Amounts payable within one year42/48 | €4k | €3k | ▼ 33.8% |
| Trade debts44 | €2k | €954 | ▼ 52.3% |
| Suppliers440/4 | €2k | €954 | ▼ 52.3% |
| Taxes, remuneration and social security45 | - | €2k | - |
| Taxes450/3 | - | €2k | - |
| Other amounts payable47/48 | €2k | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €5k | ▲ 359% |
| Operating cash flow (approximation) | €-2k | €5k | ▲ 359% |
| Change in cash | - | €-987 | - |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.33
Current ratio from 1.25 to 3.33; short-term debt falls from €4k to €3k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · 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, Liège · 1 establishment unit since 2025
Ground area
267 m²
Building footprint
54 m²
Volume, LiDAR
501 m³
Parcel 62815C0729/00F002, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PULSA
since 20252.368.106.431
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62815C0729/00F002 | Wallonia | 267 m² | 1 · 54 m² | 10.6 m · 3 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.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 4,239 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
Founded17-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
43212Electrical installation work in industrial facilities
43230Insulation installation
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Scores and ratios are computed by Checked and are not a credit decision.