PULSE
ActiveSummary
PULSE has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For PULSE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€46,921) and a net result of -€12,179. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 7696 sector peers (fiscal year 2023). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Filing: At least two filing cycles are missing
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
70 d late
2021
1 d early
2020
26 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, abbreviated schema
Equity
-€46,921▼ 35.1%
2022 · -€34,742
Total assets
€314,401▼ 4.6%
2022 · €329,666
Net result
-€12,179▼ 42.7%
2022 · -€8,536
Working capital
-€351,057▼ 3.8%
2022 · -€338,354
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20192020202120222023
Operating result-€10,718▲ 64.6%€12,343€10,825▼ 12.3%-€5,711-€8,706▼ 52.4%
Net result-€17,122▲ 48.8%€10,595within the sector's middle half€9,044within the sector's middle half▼ 14.6%-€8,536below the sector's middle half-€12,179below the sector's middle half▼ 42.7%
Equity-€45,845▼ 59.6%-€35,250below the sector's middle half▲ 23.1%-€26,206below the sector's middle half▲ 25.7%-€34,742below the sector's middle half▼ 32.6%-€46,921below the sector's middle half▼ 35.1%
Total assets€322,460▼ 10.8%€311,225below the sector's middle half▼ 3.5%€326,638below the sector's middle half▲ 5.0%€329,666below the sector's middle half▲ 0.9%€314,401below the sector's middle half▼ 4.6%
Debt€368,304▼ 5.6%€346,475▼ 5.9%€352,844▲ 1.8%€364,408▲ 3.3%€361,322▼ 0.8%
Working capital-€344,569▼ 3.7%-€335,429below the sector's middle half▲ 2.7%-€330,034below the sector's middle half▲ 1.6%-€338,354below the sector's middle half▼ 2.5%-€351,057below the sector's middle half▼ 3.8%
Solvency-14.2%▼ 6.3pp-11.3%below the sector's middle half▲ 2.9pp-8.0%below the sector's middle half▲ 3.3pp-10.5%below the sector's middle half▼ 2.5pp-14.9%below the sector's middle half▼ 4.4pp
Current ratio0.03▲ 0.010.01below the sector's middle half▼ 0.020.01below the sector's middle half=0.04below the sector's middle half▲ 0.020.01below the sector's middle half▼ 0.03
Return on assets (ROA)-5.3%▲ 3.9pp3.4%within the sector's middle half▲ 8.7pp2.8%within the sector's middle half▼ 0.6pp-2.6%below the sector's middle half▼ 5.4pp-3.9%below the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,706 in 2023 against €5,711 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €314,401
Fixed assets
€311,315 ▼ 1.7%
Current assets
€3,086 ▼ 75.9%
Key figures and ratios
Debt ≤ 1 year
€354,143▲
2022 · €351,165
Debt > 1 year
€7,178▼
2022 · €13,243
Income taxes
€164▼
2022 · €184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,234 | €5,256 | €3,936 | €5,944 | €5,946 | = |
| Other operating charges640/8 | - | - | €2,006 | €1,230 | €1,975 | ▲ 60.5% |
| Gross operating margin9900 | -€3,383 | €19,262 | €16,767 | €1,463 | -€785 | ▼ 154% |
| Operating profit (loss)9901 | -€10,718 | €12,343 | €10,825 | -€5,711 | -€8,706 | ▼ 52.4% |
| Financial income75/76B | - | - | €30 | €0 | €0 | ▼ 50.0% |
| Recurring financial income75 | €0 | - | €30 | €0 | €0 | ▼ 50.0% |
| Financial charges65/66B | - | - | €1,725 | €2,641 | €3,308 | ▲ 25.3% |
| Recurring financial charges65 | €8,720 | €1,566 | €1,725 | €2,641 | €3,308 | ▲ 25.3% |
| Profit (loss) for the period before taxes9903 | -€16,952 | €10,777 | €9,129 | -€8,352 | -€12,014 | ▼ 43.9% |
| Income taxes67/77 | €169 | €182 | €85 | €184 | €164 | ▼ 10.8% |
| Profit (loss) for the period9904 | -€17,122 | €10,595 | €9,044 | -€8,536 | -€12,179 | ▼ 42.7% |
| Profit (loss) for the period to be appropriated9905 | -€17,122 | €10,595 | €9,044 | -€8,536 | -€12,179 | ▼ 42.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,460 | €311,225 | €326,638 | €329,666 | €314,401 | ▼ 4.6% |
| Fixed assets21/28 | €312,841 | €308,627 | €322,798 | €316,855 | €311,315 | ▼ 1.7% |
| Tangible fixed assets22/27 | €15,341 | €11,127 | €25,298 | €19,355 | €13,815 | ▼ 28.6% |
| Plant, machinery and equipment23 | - | - | €1,049 | €669 | €694 | ▲ 3.7% |
| Leasing and similar rights25 | - | - | €24,250 | €18,685 | €13,121 | ▼ 29.8% |
| Financial fixed assets28 | €297,500 | €297,500 | €297,500 | €297,500 | €297,500 | = |
| Current assets29/58 | €9,619 | €2,597 | €3,840 | €12,811 | €3,086 | ▼ 75.9% |
| Amounts receivable within one year40/41 | €9,064 | €2,146 | €3,484 | €12,808 | €3,033 | ▼ 76.3% |
| Trade receivables40 | - | - | €3,412 | €12,721 | €1,187 | ▼ 90.7% |
| Other amounts receivable41 | - | - | €72 | €86 | €1,846 | ▲ 2,040% |
| Cash at bank and in hand54/58 | €126 | €289 | €356 | €4 | €53 | ▲ 1,412% |
| Deferred charges and accrued income490/1 | - | - | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,460 | €311,225 | €326,638 | €329,666 | €314,401 | ▼ 4.6% |
| Equity10/15 | -€45,845 | -€35,250 | -€26,206 | -€34,742 | -€46,921 | ▼ 35.1% |
| Contributions10/11 | €12,750 | - | €12,750 | €12,750 | €12,750 | = |
| Reserves13 | €13,308 | €13,308 | €13,308 | €13,308 | €13,308 | = |
| Non-distributable reserves130/1 | - | - | €665 | €665 | €665 | = |
| Reserves not available under the articles1311 | - | - | €665 | €665 | €665 | = |
| Distributable reserves133 | - | - | €12,642 | €12,642 | €12,642 | = |
| Profit (loss) carried forward14 | -€71,903 | -€61,308 | -€52,264 | -€60,800 | -€72,978 | ▼ 20.0% |
| Amounts payable17/49 | €368,304 | €346,475 | €352,844 | €364,408 | €361,322 | ▼ 0.8% |
| Amounts payable after more than one year17 | €14,117 | €8,449 | €18,970 | €13,243 | €7,178 | ▼ 45.8% |
| Financial debts170/4 | - | - | €18,970 | €13,243 | €7,178 | ▼ 45.8% |
| Amounts payable within one year42/48 | €354,188 | €338,026 | €333,873 | €351,165 | €354,143 | ▲ 0.8% |
| Current portion of amounts payable after more than one year42 | - | - | €5,410 | €5,728 | €6,064 | ▲ 5.9% |
| Financial debts43 | - | - | - | €1,750 | €1,375 | ▼ 21.4% |
| Other loans439 | - | - | - | €1,750 | €1,375 | ▼ 21.4% |
| Trade debts44 | €11,103 | €3,067 | €7,465 | €8,480 | €18,697 | ▲ 120% |
| Suppliers440/4 | - | - | €7,465 | €8,480 | €18,697 | ▲ 120% |
| Advances received on contracts in progress46 | - | - | €2,420 | €2,420 | €1,210 | ▼ 50.0% |
| Taxes, remuneration and social security45 | - | - | €10,716 | €8,491 | €781 | ▼ 90.8% |
| Taxes450/3 | - | - | €10,716 | €8,491 | €781 | ▼ 90.8% |
| Other amounts payable47/48 | - | - | €307,862 | €324,296 | €326,015 | ▲ 0.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,122 | €10,595 | €9,044 | -€8,536 | -€12,179 | ▼ 42.7% |
| + Depreciation and write-downs630 | €5,234 | €5,256 | €3,936 | €5,944 | €5,946 | = |
| Operating cash flow (approximation) | -€11,887 | €15,851 | €12,980 | -€2,592 | -€6,233 | ▼ 140% |
| Investment in fixed assets (approximation) | - | -€1,043 | -€18,106 | €0 | -€407 | - |
| Change in cash | - | €163 | €67 | -€352 | €50 | ▲ 114% |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Back to profitnet €10,595
Net result €10,595 after 2 loss-making years.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 184 days late
2015
17-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 139 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Nijlen · 1 establishment unit since 2005
Ground area
835 m²
Building footprint
112 m²
Volume, LiDAR
557 m³
Parcel 12018A0582/00M000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pulse
since 20052.149.364.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018A0582/00M000 | Flanders | 835 m² | 1 · 112 m² | 7.9 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
-
10%
According to the 2023 annual accounts 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
No current directors or connected companies found in the register.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46150Agents in the wholesale of furniture, household goods and hardware
46180Agents specialised in the wholesale of other particular products
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875562976
Also
9925:BE0875562976
Registered
06-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.