Liquidity
Short-term debts fell from €4,001 to €2,648.
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Short-term debts fell from €4,001 to €2,648.
Less equity than 86% of companies in specialised construction. Sector median €57,716 · 35,168 companies.
In July 2024, 11,279 companies had the same profile as PULSA has now. Each dot stands for 29 companies, two years later.
The method was tested on the 497,448 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 11,279 companies, not a prediction for PULSA. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| PULSA Liège | €19,501 | 36.3% | 70.0% | - |
| MYN ELEC Sint-Genesius-Rode | - | - | 71.4% | - |
| DSS SERVICE Ghent | - | - | 71.3% | - |
| MIR ELEK Opwijk | €33,817 | 17.0% | 81.3% | - |
| POWER PRO BE Jette | - | - | 89.8% | - |
| KUBIJAN ELECTRICAL SERVICES Zaventem | - | - | 80.4% | - |
| AEC BV Brasschaat | - | - | 87.9% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PULSA: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €6,980 and €11,600, founded between 2024 and 2025.
PULSA has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,183 and a net result of €5,184.
Its solvency ranks better than 75% of 35,156 sector peers (NACE 43, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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