PULSE
ActivePULSE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €6k. Equity is shrinking by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+68
Solvency38▲+10
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.99 in 2024; short-term debt: 70.7% and cash: 9.7% of total assets), and 87.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7692 sector peers (2025).
NBB · sector comparisonPosition among 7692 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
40 d late
2023
21 d late
2022
40 d early
2021
31 d early
2020
32 d early
2019
69 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€9k▲ 266%
2024 · €2k
2019: €46k
2020: €53k
2021: €67k
2022: €38k
2023: €10k
2024: €2k
2019 → 2025
Total assets
€70k▼ 22.5%
2024 · €90k
2019: €81k
2020: €156k
2021: €279k
2022: €277k
2023: €160k
2024: €90k
2019 → 2025
Net result
€6k
2024 · €-8k
2019: €26k
2020: €7k
2021: €14k
2022: €-29k
2023: €-27k
2024: €-8k
2019 → 2025
Working capital
€6k
2024 · €-373
2019: €43k
2020: €43k
2021: €60k
2022: €52k
2023: €19k
2024: €-373
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€38k▼ 43.7%€10k▼ 72.3%€2k▼ 77.3%€9k▲ 266%
Operating result€10k-€-25k€-20k▲ 21.2%€4k€10k▲ 120%
Net result€14k-€-29k€-27k▲ 6.9%€-8k▲ 70.4%€6k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 120% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€15k▼ 12.5%
Current assets
€55k▼ 24.8%
Equity and liabilities €70k
Equity
€9k▲ 266%
Debt
€61k▼ 30.4%
The debt ratio falls from 97.4% to 87.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▲
2024 · €7k
Cash flow
€8k▲
2024 · €-5k
Solvency
12.5%▲
2024 · 2.6%
Current ratio
1.11▲
2024 · 0.99
Quick ratio
1.11▲
2024 · 0.73
Debt / equity
6.99▼
2024 · 36.76
ROE
72.7%▲
2024 · -341.1%
ROA
9.1%▲
2024 · -9.0%
Interest coverage
7.05▲
2024 · 0.53
Debt
€61k▼
2024 · €87k
Debt ≤ 1 year
€49k▼
2024 · €73k
Debt > 1 year
€12k▼
2024 · €14k
Income taxes
€2k▲
2024 · €0
Staff costs
€678▼
2024 · €47k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€90k€70k▼
Fixed assets21/28€17k€15k▼
Intangible fixed assets21€936€567▼
Tangible fixed assets22/27€16k€14k▼
Land and buildings22€14k€13k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€2k€1k▼
Current assets29/58€73k€55k▼
Stocks and contracts in progress3€20k€0▼
Stocks30/36€8k€0▼
Contracts in progress37€12k€0▼
Amounts receivable within one year40/41€50k€47k▼
Trade receivables40€50k€44k▼
Other amounts receivable41€0€3k▲
Cash at bank and in hand54/58€3k€7k▲
Deferred charges and accrued income490/1€658€763▲
Equity and liabilities
Total equity and liabilities10/49€90k€70k▼
Equity10/15€2k€9k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-20k€-13k▲
Amounts payable17/49€87k€61k▼
Amounts payable after more than one year17€14k€12k▼
Financial debts170/4€14k€12k▼
Amounts payable within one year42/48€73k€49k▼
Current portion of amounts payable after more than one year42€3k€2k▼
Trade debts44€16k€30k▲
Suppliers440/4€16k€30k▲
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€6k€7k▲
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€44k€10k▼
Income statement
Code20242025
Non-recurring operating income76A€18k€1k▼
Remuneration, social security and pensions62€47k€678▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€8k€2k▼
Non-recurring operating charges66A-€816
Gross operating margin9900€62k€15k▼
Operating profit (loss)9901€4k€10k▲
Financial income75/76B€668€25▼
Recurring financial income75€668€25▼
Financial charges65/66B€13k€2k▼
Recurring financial charges65€13k€2k▼
Profit (loss) for the period before taxes9903€-8k€8k▲
Income taxes67/77€0€2k▲
Profit (loss) for the period9904€-8k€6k▲
Profit (loss) for the period to be appropriated9905€-8k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-13k▲
Profit (loss) brought forward from the previous period14P€-12k€-20k▼
Social balance
Average headcount (FTE)90870.90.0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 40 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-29k ▼308%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Annastraat 313550 Heusden-ZolderGround area
3,003 m²
Building footprint
204 m²
Parcel 71065F1100/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
PULSE
since 20182.272.375.349
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F1100/00F000 | Flanders | 3,003 m² | 1 · 204 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DRUWEL & ASSOCIATES
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TONI CONSTRUCTION
BE 0771.713.885
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VOLTail
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,326. 5,123 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.