Equity
€114,006 ▼ 9.7%
PULSAR paid out €64,395 in dividends. That is 123% of the 2025 profit.
PULSAR
Lifetime
7 annual accounts with figures on one time axispeak €126,955 (2021)
€74,612▼ 36.3%
peak €96,713 (2021)
€52,163▼ 36.2%
peak €210,719 (2021)
€114,006▼ 9.7%
€81,206▼ 68.6%
Board1 name since 2018
1 directorJANS Kristof Mathieu Herman Benedictus
Documentsfilings and deeds
21-07-202610 days before the deadline
2025micro format
Gross margin from €117,084 to €74,612Result from €81,775 to €52,163Dividend €64,395Debts from €258,671 to €81,206Investments €34,934Cash from €303,403 to €128,148
Key points
from the 2025 annual accountsTurnover
≈ €780,000 estimated
The accounts state no turnover.
Investments
€34,934 23.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 24.9% higher than in 2024.
Liquidity
2.11 was 1.53 in 2024
Short-term debts fell from €249,622 to €75,214.
Filings
7 annual accounts since 2019
The last five annual accounts were filed 0 to 54 days before the end of the period.
Position in the sector
€52,163
Higher net result than 89% of companies in retail trade. Sector median €5,052 · 22,900 companies.
Checked score
96
Excellent
Financially stronger than 70% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025highest value
12-2025: 0.2%● unchanged vs 11-2025highest value
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 2.11, cash €128,148, halved
Equity €114,006 (58.4% of total assets)
Size: total assets €195,212
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 71% of them on solvency, 86% on liquidity, 96% on profitability and 26% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as PULSAR has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PULSAR itself is lower: 0.1% within 12 months. It rests on far more data about PULSAR than the profile alone.
Test of the method
The method was tested on the 497,447 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 26,972 companies, not a prediction for PULSAR. 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.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.11 (1.53 in 2024), above the usual 1.5. Short-term debt is 38.5% and cash 65.6% of total assets. 41.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 21-07-2026, 10 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
10 days early
2024
1 day early
2023
on the day
2022
6 days early
2021
54 days early
2020
54 days early
2019
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0715710045
Change of role: JANS Kristof Mathieu Herman Benedictus, from manager to director
Director discharge: JANS Kristof Mathieu Herman Benedictus · General meeting of 18-12-2023 · Gazette deed
Incorporation
Founder: JANS, Kristof Mathieu Herman Benedictus · Founding capital of €18,600, 186 shares, €12,400 paid up · Appointment: JANS, Kristof Mathieu Herman Benedictus (manager) · published on 13-12-2018 · Gazette deed
First establishment
René Hendrickx-straat 12, Hoegaarden
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PULSAR Hoegaarden | €195,212 | €74,612 | 58.4% | - |
| BP Trade Antwerp | €199,133 | €66,835 | 24.6% | - |
| TRAINING INSTITUTE FOR PSYCHOLOGY AND HEALTH Ramillies | €189,977 | €65,527 | 41.3% | - |
| IMAGGGE.COM Silly | €198,172 | €45,925 | 14.5% | - |
| MST Licensing Ghent | €161,138 | €92,046 | 39.8% | - |
| HECTAGON CONSULTING Soignies | €251,263 | €80,417 | 73.1% | - |
| LBA Advisory Kraainem | €156,915 | €124,495 | 21.9% | - |
These companies have the same main activity as PULSAR: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €157,000 and €251,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 11-12-2018Normal situation
- Activity
- Other non-specialised retail saleNACE 47120and 3 others
- Establishment unit
- 2.282.770.6803320 Hoegaarden, since 11-12-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 26-06-2025
Annual accounts 2025
- €195,212▼ 49.3%
- Filing
- Filed on 21-07-2026, 10 days before the end of the filing period
Insights on PULSAR
PULSAR files the micro format. That format states no turnover. The gross margin fell from €120,856 in 2019 to €74,612 in 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.
Key facts about PULSAR
- What is the company number of PULSAR?
- The company number of PULSAR is 0715.710.045. The VAT number is the same number with BE in front: BE 0715.710.045.
- Where is PULSAR based?
- The registered office is at René Hendrickx-straat 12, 3320 Hoegaarden.Company details
- What does PULSAR do?
- According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
- What is the legal form of PULSAR?
- PULSAR is a private limited company (BV).
- When was PULSAR founded?
- PULSAR was founded on 11-12-2018.
- Is PULSAR still active?
- Yes, PULSAR is an active enterprise in the KBO register.
- What is the turnover of PULSAR?
- The turnover in financial year 2025 is ≈ €780,000. This figure is estimated from the gross margin of €74,612 and 108 comparable companies (NACE 471). It probably lies between €480,000 and €1.1m.Financials
- Is PULSAR profitable?
- In financial year 2025, PULSAR made a profit of €52,163.
- Where can I find the annual accounts of PULSAR?
- PULSAR filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PULSAR due?
- PULSAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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