Pulsations

Active

Private limited companyfounded 1991active for 35 yearsMon Passage(GH) 7a, 7863 Lessines, BelgiumKBO/BCE: BE 0443.332.857

Summary

The computed 12-month bankruptcy probability of Pulsations is 5.0% (elevated). The 2024 annual accounts show negative equity (-€20,598) and a net result of -€28,590. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 35,974 sector peers (NACE 43, financial year 2024). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

PulsationsActiveChecked score 34/100

Risk analysis Report Compare

Activity

Other construction installation

NACE 43240General electrical installation work NACE 43211

5th oldest company in Lessines, Construction sector1 site

Size

€60,979total assets 2024

Staff: 0.2 FTE
Equity: -€20,598
Loss: -€28,590

Turnover not published (micro format)

Financial health

34 Weak Checked score 2024

Bankruptcy probabilitywithin 12 months: 5.0%

Structure

COLLIN LudovicDirector

2025 accounts not filed, 90 days past the deadline1 of 2 deeds summarised

Why 34raises riskLoss of €28,590 (financial year 2024)Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €60,979Founded in 1991Show the evidence

Checked score

Score 2024

34 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 3% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 0-39

equity -33.8% of total assets

Liquidity 3-19

short-term debt 133.5% · cash 2.5%

Profitability 0-77

return on assets -46.9%

Bankruptcy probability, 12 months

5.0% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,658 companies, NACE 43, micro)

Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.8%▼ -0.1 percentage points vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025lowest value 07-2025: 1.0%▲ +0.2 percentage points vs 06-2025 08-2025: 1.3%▲ +0.3 percentage points vs 07-2025 09-2025: 1.6%▲ +0.3 percentage points vs 08-2025 10-2025: 1.9%▲ +0.3 percentage points vs 09-2025 11-2025: 2.1%▲ +0.2 percentage points vs 10-2025 12-2025: 4.5%▲ +2.4 percentage points vs 11-2025 01-2026: 4.5%● unchanged vs 12-2025 02-2026: 4.5%● unchanged vs 01-2026 03-2026: 4.4%▼ -0.1 percentage points vs 02-2026 04-2026: 4.4%● unchanged vs 03-2026 05-2026: 4.4%● unchanged vs 04-2026 06-2026: 4.3%▼ -0.1 percentage points vs 05-2026 07-2026: 4.6%▲ +0.3 percentage points vs 06-2026 08-2026: 5.1%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 5.0%▼ -0.1 percentage points vs 08-2026 10-2026: 5.0%● unchanged vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.49, compared with 0.64 in 2023, below 1; short-term debt: 133.5% and cash: 2.5% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 3% on solvency, 3% on liquidity, 4% on profitability and 1% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises risk

Loss of €28,590 (financial year 2024)

NBB · annual accounts

Size: total assets €60,979

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Founded in 1991

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€20,598

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 90 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline29-10-2026 today

2024 accounts filed 97 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

97 days late

2023

83 days late

2022

10 days late

2021

19 days late

2020

23 days early

2019

22 days 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 27 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

05-11-2025 Annual accounts filedfinancial year 2024 · micro…
31-12-2024 Weakest financial yearnet -€28,590
22-10-2024 Annual accounts filedfinancial year 2023 · micro…

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€20,598 View
Caution: Among the weakest 5% on solvencysector median 46.6% · 35,974 companies -33.8% View
Caution: 2025 accounts not fileddeadline was 31-07-2026 90 days past the deadline View

By topic

Financials

Financial year: 2024
Total assets: €60,979
Loss: -€28,590
Solvency: -33.8%

Go to Financials

Board & ownership

Board: 1 member

COLLIN LudovicDirector

Go to Board & ownership

Timeline

Events: 33
Since: 1997

13-06-2024Resignation: COLLIN Ludovic (manager)
10-08-2023Annual accounts filed
31-12-2022Back to profit

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Other construction installationNACE 43240
Founded: 12-03-1991
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 31

Annual meeting: Third Tuesday of June at 14:00
Purpose: “La fabrication,l'installation d'enseignes lumineuses,la fabrication et l'installation de…” (deed in French)

Go to Articles of association

Key facts about Pulsations

What is the company number of Pulsations?: 0443.332.857. In Belgium the VAT number is the company number with BE in front: BE 0443.332.857.
Where is Pulsations based?: The registered office is at Mon Passage(GH) 7a, 7863 Lessines.Company details
What does Pulsations do?: According to the KBO register, the main activity is other construction installation (NACE 43240).
What is the legal form of Pulsations?: Private limited company (BV).
When was Pulsations founded?: On 12-03-1991.
Is Pulsations still active?: Yes, Pulsations is an active enterprise in the KBO register.
How many employees does Pulsations have?: On average 0.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Pulsations?: €26,294 in financial year 2018, according to the filed annual accounts.
Is Pulsations profitable?: In financial year 2024, Pulsations made a loss of €28,590.
Where can I find the annual accounts of Pulsations?: Pulsations filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2024.