Pulsar Power
The computed 12-month bankruptcy probability of Pulsar Power is 1.0% (low). The 2024 annual accounts show negative equity (€-722k) and a net result of €-362k. Equity is shrinking by ~102.3% per year across the filed fiscal years. Its solvency ranks better than 6% of 302 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-722k |
| Net result | €-362k |
| Staff (FTE) | 8.3 |
| Better than sector | 6% |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -68.9% | 36.1% | |
| Net result | €-362k | €14k | |
| Equity | €-722k | €89k | |
| Gross operating margin | €239k | €74k | |
| Staff costs | €383k | €178k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-151k |
| Net profit | €-362k |
| Cash flow | €-194k |
| Staff costs | €383k |
| Income taxes | €612 |
| Dividends | - |
| Total assets | €1.05M |
| Equity | €-722k |
| Debt | €1.77M |
| of which ≤ 1y | €541k |
| of which > 1y | €1.22M |
| Working capital | €155k |
| Employees (FTE) | 8.3 |
| 2024 | |
|---|---|
| Current ratio | 1.29 |
| Quick ratio | 1.29 |
| Working capital ratio | 14.8% |
| Solvency | -68.9% |
| Debt / equity | -2.45 |
| Long-term debt ratio | -1.70 |
| Interest coverage | -2.39 |
| Gross margin | - |
| Net margin | - |
| ROA | -34.5% |
| ROE | 50.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.05M |
| Fixed assets | 21/28 | €353k |
| Intangible fixed assets | 21 | €323k |
| Tangible fixed assets | 22/27 | €17k |
| Financial fixed assets | 28 | €13k |
| Current assets | 29/58 | €696k |
| Amounts receivable within one year | 40/41 | €659k |
| Cash & bank | 54/58 | €28k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.05M |
| Equity | 10/15 | €-722k |
| Contributions / capital | 10/11 | €281k |
| Accumulated profits (losses) | 14 | €-1.00M |
| Amounts payable | 17/49 | €1.77M |
| Amounts payable after one year | 17 | €1.22M |
| Amounts payable within one year | 42/48 | €541k |
| Trade debts payable within one year | 44 | €198k |
| Income statement | ||
| Gross operating margin | 9900 | €239k |
| Operating result | 9901 | €-319k |
| Financial income | 75 | €22k |
| Financial charges | 65 | €63k |
| Result before taxes | 9903 | €-361k |
| Income taxes | 67/77 | €612 |
| Net result for the period | 9904 | €-362k |
| Result to be appropriated | 9905 | €-362k |
| NACE primary | Engineering activities(71121) |
| Legal form | Private limited company(610) |
| Incorporation | 22-01-2021 |
| Status | Active |
| Postal code | 9810 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0171/00D000 | Flanders | 3,244 m² | 1 · 582 m² | 4.9 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
14-08-2025 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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}18-03-2025 Registered office moved from Antwerpen to Nazareth-De Pinte
- Borsbeeksebrug 34, 2600 Antwerpen → Begoniastraat 34, 9810 Nazareth-De Pinte
Technical details
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}28-02-2025 1 director appointed, 1 resigning
- Jean-Michel Baetslé, Bestuurder
- Navitas Projects BV, Bestuurder
Technical details
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}27-03-2024 Registered office moved from Herentals to Berchem
- Diamantstraat (HRT) 8 bus 275, 2200 Herentals → Business center Spaces X Borsbeeksebrug 34, 2600 Berchem
Technical details
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}03-08-2023 Registered office moved from Ranst to Herentals
- Massenhovensesteenweg 60B, 2520 Ranst → 2200 Herentals, Diamantstraat 8/275
Technical details
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]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Pulsar Power |