Pulse
InactiveInactive since 04-06-2026; last annual accounts for fiscal year 2025. Dissolved and wound up in a single deed; books and records kept in Sint-Martens-Latem (5 years).
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 03-03-2026, 28 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
28 d early
2024
14 d early
2023
33 d early
2022
77 d early
2021
37 d early
2020
23 d early
2019
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date How is this company connected to another party?Network investigator Which other companies belong to the same group?CREAFUND · 26 companies How is the Activities of holding companies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€34,611▼ 16.4%
2024 · €41,380
Net result
-€6,770▲ 28.5%
2024 · -€9,463
Total assets
€35,876▼ 14.9%
2024 · €42,143
Solvency
96.5%▼ 1.7pp
2024 · 98.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3.3m▼ 7.7%€2.7m▼ 18.3%€1.1m▼ 58.2%
Operating result€1.4m▲ 0.5%€1.3m▼ 9.3%€695,832▼ 46.0%-€7,952-€6,100▲ 23.3%
Net result€4.4mabove the sector's middle half▲ 1,543%€406,421within the sector's middle half▼ 90.8%€97.7mabove the sector's middle half▲ 23,946%-€9,463below the sector's middle half-€6,770below the sector's middle half▲ 28.5%
Equity€37.8mabove the sector's middle half▲ 13.2%€38.2mabove the sector's middle half▲ 1.1%€50,844below the sector's middle half▼ 99.9%€41,380below the sector's middle half▼ 18.6%€34,611below the sector's middle half▼ 16.4%
Total assets€75.5mabove the sector's middle half▲ 0.4%€76.0mabove the sector's middle half▲ 0.6%€311,111below the sector's middle half▼ 99.6%€42,143below the sector's middle half▼ 86.5%€35,876below the sector's middle half▼ 14.9%
Debt€37.2m▼ 9.8%€37.7m▲ 1.2%€260,267▼ 99.3%€763▼ 99.7%€1,265▲ 65.9%
Working capital-€9.6mbelow the sector's middle half▼ 0.2%-€11.5mbelow the sector's middle half▼ 19.6%€54,117within the sector's middle half€41,380within the sector's middle half▼ 23.5%€34,611within the sector's middle half▼ 16.4%
Solvency50.1%within the sector's middle half▲ 5.7pp50.3%within the sector's middle half▲ 0.2pp16.3%below the sector's middle half▼ 34.0pp98.2%above the sector's middle half▲ 81.8pp96.5%above the sector's middle half▼ 1.7pp
Current ratio0.06below the sector's middle half▲ 0.030.09below the sector's middle half▲ 0.031.21within the sector's middle half▲ 1.1255.26above the sector's middle half▲ 54.0528.36above the sector's middle half▼ 26.90
Return on assets (ROA)5.8%within the sector's middle half▲ 5.5pp0.5%within the sector's middle half▼ 5.3pp-22.5%below the sector's middle half-18.9%below the sector's middle half▲ 3.6pp
Staff (FTE)6.5within the sector's middle half▼ 25.3%4.9within the sector's middle half▼ 24.6%1.4within the sector's middle half▼ 71.4%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,100 in 2025 against €7,952 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €35,876
Equity
€34,611 ▼ 16.4%
Debt
€1,265 ▲ 65.9%
Debt's share of the balance-sheet total rises from 1.8% to 3.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-19.6%▲
2024 · -22.9%
Debt ≤ 1 year
€1,265▲
2024 · €763
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €2.7m | €1.1m | - | - | - |
| Turnover70 | €3.3m | €2.7m | €1.1m | - | - | - |
| Other operating income74 | - | €26,039 | €6,077 | - | - | - |
| Operating charges60/66A | - | €1.4m | €431,244 | €7,952 | €6,100 | ▼ 23.3% |
| Services and other goods61 | - | €962,162 | €277,997 | €6,530 | €3,305 | ▼ 49.4% |
| Remuneration, social security and pensions62 | - | €786,186 | €191,305 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,005 | €27,033 | €308 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€361,471 | -€39,733 | - | - | - |
| Other operating charges640/8 | - | €1,855 | €1,367 | €1,422 | €1,252 | ▼ 11.9% |
| Non-recurring operating charges66A | - | - | - | - | €1,543 | - |
| Operating profit (loss)9901 | €1.4m | €1.3m | €695,832 | -€7,952 | -€6,100 | ▲ 23.3% |
| Financial income75/76B | - | €0 | €97.3m | €19 | - | - |
| Recurring financial income75 | €4.0m | €0 | €29.1m | €19 | - | - |
| Income from financial fixed assets750 | - | - | €29.1m | €19 | - | - |
| Other financial income752/9 | - | €0 | €91 | - | - | - |
| Non-recurring financial income76B | - | - | €68.2m | - | - | - |
| Financial charges65/66B | - | €724,721 | €143,217 | €1,531 | €670 | ▼ 56.2% |
| Recurring financial charges65 | €852,456 | €724,721 | €143,217 | €1,531 | €670 | ▼ 56.2% |
| Debt charges650 | €851,530 | €723,680 | €143,217 | €1,531 | €670 | ▼ 56.2% |
| Other financial charges652/9 | - | €1,041 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €4.6m | €564,614 | €97.9m | -€9,463 | -€6,770 | ▲ 28.5% |
| Income taxes67/77 | €156,121 | €158,192 | €149,424 | - | - | - |
| Taxes670/3 | - | €158,192 | €149,424 | - | - | - |
| Profit (loss) for the period9904 | €4.4m | €406,421 | €97.7m | -€9,463 | -€6,770 | ▲ 28.5% |
| Profit (loss) for the period to be appropriated9905 | €4.4m | €406,421 | €97.7m | -€9,463 | -€6,770 | ▲ 28.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75.5m | €76.0m | €311,111 | €42,143 | €35,876 | ▼ 14.9% |
| Formation expenses20 | €27,341 | €308 | - | - | - | - |
| Fixed assets21/28 | €74.8m | €74.8m | - | - | - | - |
| Financial fixed assets28 | €74.8m | €74.8m | - | - | - | - |
| Affiliated companies280/1 | - | €74.8m | - | - | - | - |
| Participating interests280 | - | €74.8m | - | - | - | - |
| Current assets29/58 | €625,603 | €1.1m | €311,111 | €42,143 | €35,876 | ▼ 14.9% |
| Amounts receivable within one year40/41 | €74,288 | €610,292 | €302,326 | €92 | €171 | ▲ 86.2% |
| Trade receivables40 | - | €580,951 | €282,596 | - | - | - |
| Other amounts receivable41 | - | €29,340 | €19,730 | €92 | €171 | ▲ 86.2% |
| Cash at bank and in hand54/58 | €541,725 | €516,009 | €8,784 | €42,051 | €35,705 | ▼ 15.1% |
| Deferred charges and accrued income490/1 | - | €5,483 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75.5m | €76.0m | €311,111 | €42,143 | €35,876 | ▼ 14.9% |
| Equity10/15 | €37.8m | €38.2m | €50,844 | €41,380 | €34,611 | ▼ 16.4% |
| Contributions10/11 | €30.0m | €30.0m | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €30.0m | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €30.0m | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €7.8m | €8.2m | €6,150 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | - | €902,569 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €902,569 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | €7.3m | - | - | - | - |
| Profit (loss) carried forward14 | - | - | -€16,806 | -€26,270 | -€33,039 | ▼ 25.8% |
| Provisions and deferred taxes16 | €401,205 | €39,733 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €39,733 | - | - | - | - |
| Other liabilities and charges164/5 | - | €39,733 | - | - | - | - |
| Amounts payable17/49 | €37.2m | €37.7m | €260,267 | €763 | €1,265 | ▲ 65.9% |
| Amounts payable after more than one year17 | €26.4m | €24.7m | - | - | - | - |
| Financial debts170/4 | - | €24.7m | - | - | - | - |
| Credit institutions173 | - | €24.7m | - | - | - | - |
| Amounts payable within one year42/48 | €10.2m | €12.6m | €256,994 | €763 | €1,265 | ▲ 65.9% |
| Current portion of amounts payable after more than one year42 | - | €1.7m | - | - | - | - |
| Trade debts44 | €336,432 | €580,378 | €106,159 | €763 | €1,265 | ▲ 65.9% |
| Suppliers440/4 | - | €580,378 | €106,159 | €763 | €1,265 | ▲ 65.9% |
| Taxes, remuneration and social security45 | - | €374,137 | €150,834 | - | - | - |
| Taxes450/3 | - | €284,365 | €150,834 | - | - | - |
| Remuneration and social security454/9 | - | €89,772 | - | - | - | - |
| Other amounts payable47/48 | - | €10.0m | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €341,274 | €3,273 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.4m | €406,421 | €97.7m | -€9,463 | -€6,770 | ▲ 28.5% |
| + Depreciation and write-downs630 | €33,005 | €27,033 | €308 | - | - | - |
| Operating cash flow (approximation) | €4.4m | €433,454 | €97.7m | -€9,463 | -€6,770 | ▲ 28.5% |
| Investment in fixed assets (approximation) | - | -€27,033 | - | - | - | - |
| Change in cash | - | -€25,716 | -€507,225 | €33,267 | -€6,346 | ▼ 119% |
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
11-06
State Gazette act
End & cessationResignations: DEBLOKO INVEST, Dasko and Creafund · Permanent representatives: De Block, Koen, Daneels, Hendrik and Wielfaert, Herman · Dissolution20 facts ▸
State Gazette act
End & cessation
Resignations: DEBLOKO INVEST, Dasko and Creafund · Permanent representatives: De Block, Koen, Daneels, Hendrik and Wielfaert, Herman · Dissolution20 facts ▸
- General meeting, 19-05-2026
- Dissolution, formaliteiten en termijnen artikel 2:100 WVV, artikel 2:80 WVV
- Liquidation closure
- Other statement, jaarverslag bestuursorgaan en verslag commissaris, 19-05-2026
- Approval, jaarrekening, 19-05-2026
- Other statement, kwijting commissaris, heden
- Director resignation, DEBLOKO INVEST (director)
- Director resignation, Dasko (director)
- Director resignation, Creafund (director)
- Permanent representative, De Block, Koen (permanent representative)
- Permanent representative, Daneels, Hendrik (permanent representative)
- Permanent representative, Wielfaert, Herman (permanent representative)
- +8 further facts in this act
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-08
Financial
Weakest financial yearnet -€9,463
Net result drops to -€9,463, the lowest in the series.
31-08
Financial
Liquidity times 46current ratio 55.26
Current ratio from 1.21 to 55.26; short-term debt falls from €256,994 to €763.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
Financial
Highest result since 2019net €97.7m ▲23,946%
Net result €97.7m, the highest in the series.
31-08
Financial
Liquidity times 13current ratio 1.21
Current ratio from 0.09 to 1.21; short-term debt falls from €12.6m to €256,994.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
Show earlier events
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Martens-Latem
Ground area
1,219 m²
Building footprint
333 m²
Volume, LiDAR
1,263 m³
Parcel 44064B0425/00V000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0425/00V000 | Flanders | 1,219 m² | 1 · 333 m² | 5.8 m · 1 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.
Mandate history
3 people since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CREAFUND |
|
| Dasko |
|
| DEBLOKO INVEST |
|
Articles of association
Liquidation rule
Minstens helft totaal aantal uitgegeven aandelen aanwezig of geldig vertegenwoordigd, eenparigheid van stemmen
Other statement
One provision in the deed
Structure & network
Part of the group
CREAFUND
26 companies
Group, risk and exposure
Owners and holdings
3 ownersChain of control
Highest known parent: CREAFUND. The sources do not say who stands above it.
Owners 3
- SOLFARparent59.01%
-
20.49%
-
20%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
60%
Holdings 0
The accounts to 31-08-2025 list no holdings, and no other source names one.
According to the annual accounts to 31-08-2025 of Pulse and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
Recognitions · licences · registrations
Legal Entity Identifier
5493007LXPTJLBQ1B824
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 9,243 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-05-2017
Fiscal year end31-08
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676417028
Registered
01-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.