Equity
-€546,624
Debts exceed assets in financial year 2025.
Pulse
Overview
Lifetime
3 annual accounts with figures on one time axispeak -€154,520 (2024)
-€441,995▼ €287,475
lowest -€447,383 (2025)
-€447,383▼ €292,871
peak €55,271 (2023)
-€546,624▼ €447,383
€633,173▲ 241%
Board9 names since 2023
6 directorsMSQ and 5 others
Owners2 names in the annual accounts
100%AANNEMINGSMAATSCHAPPIJ CFE and 1 other
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Gross margin from -€154,520 to -€441,995Loss of €447,383Appointment: Valérie VAN BRABANT (director) 12-03Equity from -€99,241 to -€546,624Debts from €185,526 to €633,173
Key points
from the 2025 annual accountsLosses
-€608,124 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€633,173 732% of the balance sheet
Financial debts 75%Suppliers 21%Other 3%
Of this, €612,472 falls due within a year.
At the same address
59 companies
Board
1 joined
New director. Latest change 01-01-2026 · 6 in office.
Position in the sector
-631.6%
Lower solvency than 95% of companies in construction of buildings. Sector median 32.9% · 1,037 companies.
Checked score
28
Weak
Financially stronger than 3% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
11.2% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.6%▼ -0.1 percentage points vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025lowest value
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.9%▲ +0.3 percentage points vs 03-2025
05-2025: 2.1%▲ +0.2 percentage points vs 04-2025
06-2025: 2.2%▲ +0.1 percentage points vs 05-2025
07-2025: 14.3%▲ +12.1 percentage points vs 06-2025highest value
08-2025: 14.3%● unchanged vs 07-2025highest value
09-2025: 14.3%● unchanged vs 08-2025highest value
10-2025: 14.3%● unchanged vs 09-2025highest value
11-2025: 14.3%● unchanged vs 10-2025highest value
12-2025: 14.3%● unchanged vs 11-2025highest value
01-2026: 14.3%● unchanged vs 12-2025highest value
02-2026: 14.2%▼ -0.1 percentage points vs 01-2026
03-2026: 13.9%▼ -0.3 percentage points vs 02-2026
04-2026: 11.0%▼ -2.9 percentage points vs 03-2026
05-2026: 11.0%● unchanged vs 04-2026
06-2026: 10.9%▼ -0.1 percentage points vs 05-2026
07-2026: 11.1%▲ +0.2 percentage points vs 06-2026
08-2026: 10.4%▼ -0.7 percentage points vs 07-2026
09-2026: 10.6%▲ +0.2 percentage points vs 08-2026
10-2026: 11.2%▲ +0.6 percentage points vs 09-2026
11-2026: 11.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2023
No registered site in the KBO
Liquidity: current ratio 0.14
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 41, micro). It does better than 3% of them on solvency, 1% on liquidity, 5% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 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 high class on 30-06-2025, 14.6% 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, 7,639 companies had the same profile as Pulse has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Pulse itself: 11.2% within 12 months.
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 7,639 companies, not a prediction for Pulse. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.14 (0.5 in 2024), below 1. Short-term debt is 707.7% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€546,624
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 26-06-2026, 35 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
35 days early
2024
37 days early
2023
90 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 54 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 24 June (3 of the last 3 accounts filed within 52 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 1 other
- AANNEMINGSMAATSCHAPPIJ CFE 100%score 93equity €135.6m (2025) · 2025 annual accounts of AANNEMINGSMAATSCHAPPIJ CFE
- CFE CONTRACTING 100%score 88equity €80.0m (2025) · annual accounts 2025
- COMPAGNIE D'ENTREPRISES C.F.E. consolidatesannual accounts 2025
Recent changes
Reappointment: EY Réviseurs d'Entreprises SRL (statutory auditor)
General meeting of 19-05-2026 · Gazette deed
Appointment: Bruno LAMBRECHT (director)
General meeting of 09-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802595519
Appointment: Valérie VAN BRABANT (director)
General meeting of 29-11-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Pulse Auderghem | €86,549 | -€441,995 | -631.6% | - |
| Project solution Construct Halle | €82,767 | -€21,109 | -51.0% | - |
| MA CONSTRUCT Lummen | €95,125 | €758 | 28.2% | - |
| BUILD & REPAIR Beernem | €97,184 | -€1,039 | 10.9% | - |
| Jml.construct Leuven | €87,635 | -€16,201 | 28.3% | - |
| MJ HOUSING Eghezée | €97,713 | -€285 | -93.7% | - |
| TIMMERMAN KEVIN Beernem | €76,925 | €737 | 19.6% | - |
These companies have the same main activity as Pulse: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €76,900 and €97,700, founded in 2023.
Official details
Source: KBO- Status
- Active since 09-06-2023Normal situation
- Registered office
- 60 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Financial year end
- 31 December
- Peppol
- Reachable since 02-05-2025
Annual accounts 2025
- -€441,995▼ 186%
- €447,383▲ 190%
- -€546,624▼ 451%
- €86,549▲ 0.3%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Companies linked to Pulse
Parent and group
Insights on Pulse
Solvency fell in 2025 from -115.0% to -631.6% because of the loss.
AANNEMINGSMAATSCHAPPIJ CFE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 26-06-2026, 35 days before the deadline-€441,995
▼ €287,475
-€442,396
▼ €287,876
-€447,383
▼ €292,871
-€525,923
▼ €441,082
-631.6%
▼ 516.6 percentage points
0.14
▼ 0.36
Turnover: not included in this filing.
Balance sheet
balance sheet total €86,549 on 31-12-2025What the company ownsHow it is paid for
in euro
Position in the sector
-631.6%
Lower than 95% of 1,037 companies in 2025.
0.14
Lower than 95% of 1,016 companies in 2025.
-516.9%
Lower than 95% of 1,032 companies in 2025.
Pulse
Middle half of the sector
80% of the sector
Full accounts in construction of buildings (NACE 41)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
86,549 | 86,285 | 60,977 | |
29/58 |
86,549 | 86,285 | 60,977 | |
40/41 |
86,549 | 86,224 | - | |
40 |
50,381 | 54,934 | - | |
41 |
36,168 | 31,290 | - | |
54/58 |
- | - | 60,977 | |
490/1 |
- | 61 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
86,549 | 86,285 | 60,977 | |
10/15 |
-546,624 | -99,241 | 55,271 | |
10/11 |
61,500 | 61,500 | 61,500 | |
10 |
61,500 | 61,500 | 61,500 | |
100 |
61,500 | 61,500 | 61,500 | |
14 |
-608,124 | -160,741 | -6,229 | |
17/49 |
633,173 | 185,526 | 5,706 | |
42/48 |
612,472 | 171,126 | 5,706 | |
43 |
477,577 | - | - | |
430/8 |
477,577 | - | - | |
44 |
134,895 | 171,126 | 5,706 | |
440/4 |
134,895 | 171,126 | 5,706 | |
492/3 |
20,701 | 14,400 | - | |
| Income statement | ||||
9900 |
-441,995 | -154,520 | - | |
60/66A |
- | - | 5,903 | |
61 |
- | - | 4,370 | |
640/8 |
401 | - | 1,533 | |
9901 |
-442,396 | -154,520 | -5,903 | |
75/76B |
16 | 61 | - | |
75 |
16 | 61 | - | |
65/66B |
5,003 | 53 | 327 | |
65 |
5,003 | 53 | 327 | |
652/9 |
- | - | 327 | |
9903 |
-447,383 | -154,512 | -6,229 | |
9904 |
-447,383 | -154,512 | -6,229 | |
9905 |
-447,383 | -154,512 | -6,229 | |
| Appropriation of the result | ||||
9906 |
-608,124 | -160,741 | -6,229 | |
14P |
-160,741 | -6,229 | - | |
| Document | ||||
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -525,923 | -84,841 | 55,271 | ||
| -631.6% | -115.0% | 90.6% | ||
| 0.14 | 0.50 | 10.69 | ||
| - | - | 0.10 | ||
| - | - | -11.3% | ||
| -516.9% | -179.1% | -10.2% | ||
| - | - | 477 days |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Auditor
fees| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Fee for the audit | - | - | €2,500 |
Source: notes to the 2023 to 2025 annual accounts (relations with the auditor)
Insights on Pulse
The operating result for 2025 is a loss of €442,396, larger than the loss of €154,520 in 2024. It is the lowest result since 2023.
Equity is negative. Debt (€633,173) exceeds the balance-sheet total (€86,549).
Board & ownership
Board
6 directors, 1 auditor, no change since August 2026Deed of 04-08-2026Reappointment: EY Réviseurs d'Entreprises SRL (statutory auditor)General meeting of 19-05-2026
Consulton VOF
Director, permanent representative MATTON Peter
since 27-06-2024
term until 21-05-2030
listed in the 2025 annual accounts, filed on 26-06-2026
Director
since 27-06-2024
term until 21-05-2030
listed in the 2025 annual accounts, filed on 26-06-2026
MSQ BV
Director, permanent representative DE JONGE Fabien
current term since 27-06-2024
term without a fixed end
also on the board of 25 other companies
listed in the 2025 annual accounts, filed on 26-06-2026
TROREMA BV
Director, permanent representative TROST Raymund
since 27-06-2024
term until 21-05-2030
also on the board of 6 other companies
listed in the 2025 annual accounts, filed on 26-06-2026
Director
since 29-11-2024
term until 21-05-2030
listed in the 2025 annual accounts, filed on 26-06-2026
Director
since 01-01-2026
4-year term from 2026
listed in the 2025 annual accounts, filed on 26-06-2026
Statutory auditor, permanent representative Marnix Van Dooren
appointed by deed of 13-06-2023
3-year term from 2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 24; Vertegenwoordiging van de vennootschap 1/ Algemeen Onverminderd de algemene vertegenwoordigingsbevoegdheid van de raad van…”deed of 27-06-2023
Permanent representatives 3
Mandates through the years
9 names, the dashed line is todayMSQ
Director
Director
Consulton
Director
Director
LEFEVRE Jacques
Director
Director
TROREMA
Director
Director
Valérie VAN BRABANT
Director
Director
Bruno LAMBRECHT
Director
Director
EY Réviseurs d'Entreprises SRL
Statutory auditor
Statutory auditor
Oolu
Director
Director
TRiE
Director
Director
BoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
- MSQ
- Director, appointed by deed of 13-06-2023, still in office
- Consulton
- Director, from 27-06-2024 to date
- LEFEVRE Jacques
- Director, from 27-06-2024 to date
- TROREMA
- Director, from 27-06-2024 to date
- Valérie VAN BRABANT
- Director, from 29-11-2024 to date
- Bruno LAMBRECHT
- Director, since before 31-12-2025
- EY Réviseurs d'Entreprises SRL
- Statutory auditor, appointed by deed of 13-06-2023, still in office
- Oolu
- Director, appointed by deed of 13-06-2023, until 08-07-2024
- TRiE
- Director, appointed by deed of 13-06-2023, until 08-07-2024
Control
Parent
Equity €135.6m
Profit €8.8m in 2025 (profit €6.6m in 2024)
Checked score 93
100%
This company
Pulse
Equity -€546,624
Loss €447,383 in 2025
Further up the chainACKERMANS & VAN HAAREN 62.1%COMPAGNIE D'ENTREPRISES C.F.E. consolidates
Capital
- Capital
- €61,500
- Shares
- 615
- Contribution per share
- €100
- Equity per share
- -€889 in 2025
- Source
- deed of 08-07-2024
Owners through the years
as the annual accounts name themOwners as a list
- AANNEMINGSMAATSCHAPPIJ CFE
- CFE CONTRACTING
Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts
Articles of association
deed of 08-07-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 3 directors
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Tuesday of May at 11:00
Shareholders
3 ownersOwners 3
- Equity €135.6m Profit of €8.8m in 2025 (profit of €6.6m in 2024) Checked score 93100%
- CFE CONTRACTINGparentEquity €80.0m Profit of €12.7m in 2025 (loss of €15.6m in 2024) Checked score 88Sourceown accounts 2025100%
- COMPAGNIE D'ENTREPRISES C.F.E.consolidating parentconsolidates
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 27-06-2023 ↗
- CFE Contracting (BE 0440.113.348) 615 shares (100%) · €61,500
At incorporation
deed of 13-06-2023 ↗
- CFE Contracting 615 shares (100%) · €61,500
Capital over time
- 08-07-2024 Capital stated in the deed · €61,500 · 615 shares
- 27-06-2023 Incorporation · €61,500 · 615 shares
- 13-06-2023 Incorporation · €61,500 · 615 shares
Network & group
Group
AANNEMINGSMAATSCHAPPIJ CFE has 11 holdings in 3 countries (2025 accounts)Belgium 9 Year Equity Result
- BE PULSE SA 2025-€546,624 result -€447,383 (2025)
- BE BPI REAL ESTATE BELGIUM 2025€154.4m result €14.0m (2025)
- BE CFE CONTRACTING 2025€80.0m result €12.7m (2025)
- BE DEEP C HOLDING50% 2025€49.1m result €5.4m (2025)
- BE GREEN OFFSHORE50% 2025€24.4m result €4.1m (2025)
- BE GREENSTOR NV50% 2025€7.6m result -€2,549 (2025)
- BE BPG CONGRES49%no longer active 2025€2.7m result €2,967 (2025)
- BE BPG HOTEL49%no longer active 2025€1.6m result €1,514 (2025)
- BE HDP CHARLEROI 2025€354,439 result €57,939 (2025)
Europe 1 Year Equity Result
- RO CFE CONTRACTING AND ENGINEERING S.R.L. 2024-RON 19.2m result -RON 99,585 (2024)
Africa 1 Year Equity Result
- TN BIZERTE CAP 300020% 2023-TND 109.9m result -TND 17.0m (2023)
Source: list of holdings in the 2025 accounts of AANNEMINGSMAATSCHAPPIJ CFE. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group ACKERMANS & VAN HAAREN Group, risk and exposureAt the same address
Edmond Van Nieuwenhuyselaan 30, 1160 Auderghem · 59 other companies| CBC Banque
establishment since 01-04-2018 · founded in 1958 · group KBC Groep |
total assets €19.48bn (2025) 0403.211.380 |
| Photonics Management Europe
registered office since 30-07-2020 · founded in 2020 |
total assets €539.8m (2025) 0751.650.525 |
| AANNEMINGSMAATSCHAPPIJ CFE
registered office since 01-06-1980 · founded in 1880 · group ACKERMANS & VAN HAAREN |
54 FTE (2025) 0400.464.795 |
| CFE CONTRACTING
registered office since 25-01-1990 · founded in 1990 · group ACKERMANS & VAN HAAREN |
total assets €369.2m (2025) 0440.113.348 |
| BPI Real Estate Belgium
registered office since 05-10-1989 · founded in 1989 · group ACKERMANS & VAN HAAREN |
23 FTE (2025) 0438.425.053 |
| BPC Group
registered office since 01-01-2022 · founded in 1983 · group ACKERMANS & VAN HAAREN |
301 FTE (2025) 0425.342.624 |
| CAPITALATWORK
registered office since 29-06-1990 · founded in 1990 |
total assets €102.5m (2024) 0441.148.080 |
| Debrouckère Development
registered office since 08-08-2018 · founded in 2018 |
total assets €56.5m (2025) 0700.731.661 |
| DEBROUCKERE LAND
registered office since 09-09-2016 · founded in 2016 |
total assets €24.8m (2025) 0662.473.277 |
| ERASMUS GARDENS
registered office since 30-07-2007 · founded in 2007 |
total assets €13.1m (2025) 0891.137.515 |
Earlier ties
| Everimmo via TRiE, at Pulse until 2024 · Director · deed of 05-05-2026 founded in 2024 · negative equity (2025) · group VERLINVEST GROUP |
total assets €1.6m (2025) |
| Bonimmo via TRiE, at Pulse until 2024 · Director · deed of 05-05-2026 founded in 2023 · negative equity (2025) · group VERLINVEST GROUP |
total assets €1.5m (2025) |
| Daktarimmo via TRiE, at Pulse until 2024 · Director · deed of 05-05-2026 founded in 2022 · negative equity (2025) · group VERLINVEST GROUP |
total assets €963,235 (2025) |
| ORIMMO via TRiE, at Pulse until 2024 · Director · deed of 05-05-2026 founded in 2021 · negative equity (2025) · group VERLINVEST GROUP |
total assets €623,255 (2025) |
| Landimmo via TRiE, at Pulse until 2024 · Director · deed of 05-05-2026 founded in 2025 · negative equity (2025) · group VERLINVEST GROUP |
total assets €531,857 (2025) |
| Brantegem via TRiE, at Pulse until 2024 · Director · deed of 10-06-2021 founded in 1973 · group ACKERMANS & VAN HAAREN |
total assets €653,974 (2025) |
Show 2 more earlier ties
| TRIGIMMO via TRiE, at Pulse until 2024 · Director · deed of 05-05-2026 founded in 2021 · group VERLINVEST GROUP |
total assets €475,414 (2025) |
| RIGELTRE via TRiE, at Pulse until 2024 · Director · deed of 11-06-2026 |
founded in 2026 |
Connections & network
26 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
IMMOANGE
via MSQ · Director · deed of 20-06-2019
Founded in 1993 · total assets €5.3m (2025) · negative equity
→
WOOD SHAPERS
Founded in 2019 · 3.8 FTE (2025) · negative equity · group ACKERMANS & VAN HAAREN
→
VICTOR PROPERTIES
via MSQ · Director · deed of 20-06-2019
Founded in 2008 · total assets €656,604 (2025) · negative equity
→
→
Show 22 more companies with a shared director
BPI Real Estate Belgium
via MSQ · Director · deed of 28-05-2019
Founded in 1989 · 23 FTE (2025) · group ACKERMANS & VAN HAAREN
→
BPC Group
Founded in 1983 · 301 FTE (2025) · group ACKERMANS & VAN HAAREN
→
Deep C Holding
via TROREMA · Director · deed of 15-06-2023
Founded in 2006 · total assets €110.9m (2025)
→
V.M.A.
via MSQ · Director · deed of 13-09-2019
Founded in 1968 · 324 FTE (2025) · group ACKERMANS & VAN HAAREN
→
MOBIX
via MSQ · Director · deed of 26-09-2019
Founded in 1972 · 276 FTE (2025) · group ACKERMANS & VAN HAAREN
→
→
GreenStor
Founded in 2023 · total assets €18.8m (2025)
→
→
→
FONCIERE DE BAVIERE C
via MSQ · Director · deed of 20-08-2020
Founded in 2014 · total assets €4.9m (2025)
→
FONCIERE DE BAVIERE A
via MSQ · Director · deed of 20-08-2020
Founded in 2014 · total assets €1.9m (2025)
→
HDP Charleroi
via MSQ · Director · deed of 12-08-2019
Founded in 2011 · turnover €1.9m (2025) · group ACKERMANS & VAN HAAREN
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BPI SAMAYA
via MSQ · Director · deed of 20-06-2019
Founded in 1970 · total assets €1.7m (2025) · group ACKERMANS & VAN HAAREN
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Bâtiments et Ponts Construction
Founded in 1988 · total assets €936,128 (2025) · group ACKERMANS & VAN HAAREN
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PPP SCHULEN EUPEN
via MSQ · Director · deed of 12-08-2019
No longer active · total assets €2.0m (2023)
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DEVELOPPEMENT D'HABITATIONS BRUXELLOISES
via MSQ · Director · deed of 13-08-2019
No longer active · total assets €230,763 (2022)
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Timeline
Timeline
12 events since 2023Board
Filings
Financial
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Reappointment: EY Réviseurs d'Entreprises SRL (statutory auditor)General meeting of 19-05-20262 points ▸
- General meeting, 19-05-2026
- Auditor reappointment, EY Réviseurs d'Entreprises SRL (statutory auditor)
Annual accounts 2025 filed NBBfull format · 35 days before the deadline
- General meeting, 09-01-2026
- Director appointment, Bruno LAMBRECHT
- Power of attorney, Anne Dooremont
- Power of attorney, Christophe Wathion
- Power of attorney, Philippine De Wolf
- The deed holds 1 more point.
2025
Weakest financial year net -€447,383 The net result drops to -€447,383, the lowest from 2023 to 2025.
Annual accounts 2024 filed PDFfull format · 37 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802595519
- General meeting, 29-11-2024
- Director appointment, Valérie VAN BRABANT
- The deed holds 1 more point.
2024
Company renamed to PulseNew name: Pulse · Resignations: TRiE (director) and OOLU (director) · Permanent representatives: DUCAMP Thomas, WOUTERS Joris, DE JONGE Fabien, TROST Raymund and MATTON Peter · General meeting of 27-06-202414 points ▸
- General meeting, 27-06-2024
- Purpose change, “Toutes opérations de revitalisation de la valeur d’actifs immobiliers (ou dans un sens plus large,toutes opérations de rénovation comprises). Par revitalisation…” (deed in Dutch)
- Name change, Pulse
- Capital, €61,500, 615 shares
- Director resignation, TRiE
- Permanent representative, DUCAMP Thomas
- Director resignation, OOLU
- Permanent representative, WOUTERS Joris
- Permanent representative, DE JONGE Fabien
- Director appointment, TROREMA
- Permanent representative, TROST Raymund
- Director appointment, LEFEVRE Jacques
- Director appointment, CONSULTON
- Permanent representative, MATTON Peter
- The deed holds 2 more points.
Annual accounts 2023 filed PDFfull format · 90 days before the deadline
Registered office moved within BrusselsNew registered office: Edmond Van Nieuwenhuyselaan 30, 1160 Brussel · Previous registered office: Herrmann-Debrouxlaan 42, 1160 Brussel · Board meeting of 17-11-20232 points ▸
- Board meeting, 17-11-2023
- Registered-office move, Edmond Van Nieuwenhuyselaan 30, 1160 Brussel
2023
IncorporationFounding capital of €61,500, 615 shares · Founder: CFE Contracting · Appointments: MSQ, OOLU, TRIE and ERNST & YOUNG Bedrijfsrevisoren (statutory auditor)12 points ▸
- Founder, CFE Contracting
- Power of attorney, DURAKU Vanessa
- Founding capital, €61,500, 615 shares
- Capital, €61,500, 615 shares
- Board rule, 3
- Director appointment, MSQ
- Director appointment, OOLU
- Director appointment, TRIE
- Permanent representative, DE JONGE Fabien
- Permanent representative, WOUTERS Joris
- Permanent representative, DUCAMP Thomas
- Auditor appointment, ERNST & YOUNG Bedrijfsrevisoren (statutory auditor)
- The deed holds 14 more points.
IncorporationFounding capital of €61,500, 615 shares · Founder: CFE Contracting · Appointments: MSQ, OOLU, TRiE and ERNST & YOUNG Bedrijfsrevisoren (statutory auditor) · published on 13-06-202311 points ▸
- Founder, CFE Contracting
- Power of attorney, DURAKU Vanessa
- Founding capital, €61,500, 615 shares
- Board rule, 3
- Director appointment, MSQ
- Permanent representative, DE JONGE Fabien
- Director appointment, OOLU
- Permanent representative, WOUTERS Joris
- Director appointment, TRiE
- Permanent representative, DUCAMP Thomas
- Auditor appointment, ERNST & YOUNG Bedrijfsrevisoren (statutory auditor)
- The deed holds 10 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 9 June 2023, Pulse was incorporated as a public limited company by CFE Contracting, with a starting capital of €61,500.12 In 2024 the company took the name Pulse.3 The registered office was moved to Brussels in 2024.4 Of the 6 current board members, 4 have served since 2024.5 Total assets went from €60,977 in 2023 to €86,549 in 2025.6
Company details
Identity
- Enterprise number
- 0802.595.519
- VAT number
- BE 0802.595.519
- Peppol ID
- 0208:0802595519
- Legal form
- Public limited company
- Status
- Active, normal situation
- Founded
- 09-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Tuesday of May at 11:00deed of 08-07-2024 (in Dutch)
- Peppol
- Reachable since 02-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Pulse in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 08-07-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 08-07-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
41001
General construction of residential buildings main activity
Social security (RSZ) activities
70200
Business and other management consultancy main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41202
Construction of residential and non-residential buildings
41203
Construction of residential and non-residential buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De investering in,de studie,de bouw,het beheer,het onderhoud,de uitbating,de ontwikkeling en de financiering van projecten en infrastructuur…”deed of 27-06-2023 (in Dutch)
5 activities
- De investering in,de studie,de bouw,het beheer,het onderhoud,de uitbating,de ontwikkeling en de financiering van projecten en infrastructuur in de sector van energieefficiënte,hernieuwbare energie,energieopslag of energieproductie in het algemeen met het oog op het besparen van energie in onroerende goederen of industriële processen,alsook de levering van alle mogelijke diensten die hierop betrekking hebben
- Alle onroerende verrichtingen
- Alle mogelijke commerciële,industriële,financiële,roerende of onroerende verrichtingen,die in de ruimste zin,direct of indirect,verband houden met haar voorwerp of die van die aard zijn dat ze de verwezenlijking en ontwikkeling ervan bevorderen,inclusief overname en overdracht van schuldvorderingen,en de financiering via derde partijen hiervan
- De deelneming in alle vennootschappen,verenigingen en ondernemingen,zowel in België als in het buitenland,bij wijze van inbreng,inschrijving,overdracht,deelneming,fusie,financiële tussenkomst of anderszins
- Het waarnemen van het mandaat van bestuurder,zaakvoerder,directeur of vereffenaar in andere vennootschappen
Registered office and establishments
| Edmond Van Nieuwenhuyselaan 30 registered office 1160 Auderghem |
Buildings and parcels at the address
- Ground area
- 5,641 m²
- Buildings
- 1,517 m²
- Volume, LiDAR
- 16,785 m³
- Tallest building
- 25.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21332B0498/00B000 | 5,641 m² | 1 · 1,517 m² | 25.8 m · 5 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.595.519