PULSE BAR
ActiveSummary
The computed 12-month bankruptcy probability of PULSE BAR is 6.5% (elevated). For PULSE BAR, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €16k and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 16698 sector peers (fiscal year 2022). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability100▲+100
Solvency66▲+35
Growth85▲+30
Track record100
Bankruptcy probability, 12 months
6.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
41.1%
Return on assets
38%
Age of the figures
45 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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 · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-07-2024, 338 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
338 d late
2021
180 d late
2020
52 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€83k▲ 551%
2019 · €13k
2019: €13k
2021: €83k
2019 → 2021
EBIT margin
-4.8%▼ 56.5pp
2019 · 51.7%
2019: 51.7%
2021: -4.8%
2019 → 2021
Net result
€15k
2021 · €-4k
2019: €2k
2020: €-3k▼ -223% vs 2019
2021: €-4k▼ -62.1% vs 2020lowest in 4 years
2022: €15k▲ +428% vs 2021highest in 4 years
2019 → 2022
Working capital
€15k
2021 · €-716
2019: €8k
2020: €6k▼ -32.8% vs 2019
2021: €-716▼ -113% vs 2020lowest in 4 years
2022: €15k▲ +2126% vs 2021highest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€13k-€83k
2019: €13k
2021: €83k
Equity€8k-€6k▼ 32.8%€1k▼ 79.2%€16k▲ 1,247%
2019: €8k
2020: €6k▼ -32.8% vs 2019
2021: €1k▼ -79.2% vs 2020lowest in 4 years
2022: €16k▲ +1247% vs 2021highest in 4 years
Operating result€7k-€-2k€-4k▼ 116%€19k
2019: €7k
2020: €-2k▼ -128% vs 2019
2021: €-4k▼ -116% vs 2020lowest in 4 years
2022: €19k▲ +580% vs 2021highest in 4 years
Net result€2k-€-3k€-4k▼ 62.1%€15k
2019: €2k
2020: €-3k▼ -223% vs 2019
2021: €-4k▼ -62.1% vs 2020lowest in 4 years
2022: €15k▲ +428% vs 2021highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €19k after a loss of €4k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €39k
Fixed assets
€1k ▼ 23.9%
Current assets
€37k ▲ 119%
Equity and liabilities €39k
Equity
€16k ▲ 1,247%
Debt
€23k ▲ 28.9%
Debt's share of the balance-sheet total falls from 93.7% to 58.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▲
2021 · €-4k
Cash flow
€15k▲
2021 · €-4k
Current ratio
1.63▲
2021 · 0.96
Debt to equity
1.43▼
2021 · 14.99
ROE
92.6%▲
2021 · -379.7%
ROA
38.0%▲
2021 · -23.7%
Interest coverage
8.76▲
2021 · -8.12
Debt ≤ 1 year
€23k▲
2021 · €18k
Income taxes
€2k
Staff costs
€56k▲
2021 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 43 lines
Balance sheet
Code20212022
Assets
Total assets20/58€19k€39k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€175€175=
Current assets29/58€17k€37k▲
Amounts receivable within one year40/41€6k€14k▲
Trade receivables40€6k€14k▲
Other amounts receivable41€296€0▼
Cash at bank and in hand54/58€11k€23k▲
Deferred charges and accrued income490/1€112-
Equity and liabilities
Total equity and liabilities10/49€19k€39k▲
Equity10/15€1k€16k▲
Contributions10/11€6k€6k=
Reserves13€113€113=
Non-distributable reserves130/1€113€113=
Reserves not available under the articles1311€113€113=
Profit (loss) carried forward14€-5k€10k▲
Amounts payable17/49€18k€23k▲
Amounts payable within one year42/48€18k€23k▲
Trade debts44€16k€10k▼
Suppliers440/4€16k€10k▼
Taxes, remuneration and social security45€1k€12k▲
Taxes450/3-€4k
Remuneration and social security454/9€1k€8k▲
Other amounts payable47/48€832€385▼
Income statement
Code20212022
Turnover70€83k-
Goods, raw materials, services and sundry goods60/61€54k-
Remuneration, social security and pensions62€32k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92€454▲
Other operating charges640/8€348€348=
Gross operating margin9900€29k€76k▲
Operating profit (loss)9901€-4k€19k▲
Financial income75/76B€9€0▼
Recurring financial income75€9€0▼
Financial charges65/66B€484€2k▲
Recurring financial charges65€484€2k▲
Profit (loss) for the period before taxes9903€-4k€17k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€-4k€15k▲
Profit (loss) for the period to be appropriated9905€-4k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€10k▲
Profit (loss) brought forward from the previous period14P€-631€-5k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €13k | - | €83k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €54k | - | - |
| Remuneration, social security and pensions62 | - | - | €32k | €56k | ▲ 74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €92 | €454 | ▲ 394% |
| Other operating charges640/8 | - | - | €348 | €348 | = |
| Gross operating margin9900 | €7k | €-2k | €29k | €76k | ▲ 167% |
| Operating profit (loss)9901 | €7k | €-2k | €-4k | €19k | ▲ 580% |
| Financial income75/76B | - | - | €9 | €0 | ▼ 95.4% |
| Recurring financial income75 | - | - | €9 | €0 | ▼ 95.4% |
| Financial charges65/66B | - | - | €484 | €2k | ▲ 366% |
| Recurring financial charges65 | €2k | €912 | €484 | €2k | ▲ 366% |
| Profit (loss) for the period before taxes9903 | €4k | €-3k | €-4k | €17k | ▲ 479% |
| Income taxes67/77 | €2k | - | - | €2k | - |
| Profit (loss) for the period9904 | €2k | €-3k | €-4k | €15k | ▲ 428% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-3k | €-4k | €15k | ▲ 428% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €14k | €9k | €19k | €39k | ▲ 105% |
| Fixed assets21/28 | - | - | €2k | €1k | ▼ 23.9% |
| Tangible fixed assets22/27 | - | - | €2k | €1k | ▼ 26.3% |
| Furniture and vehicles24 | - | - | €2k | €1k | ▼ 26.3% |
| Financial fixed assets28 | - | - | €175 | €175 | = |
| Current assets29/58 | €14k | €9k | €17k | €37k | ▲ 119% |
| Amounts receivable within one year40/41 | €7k | €4k | €6k | €14k | ▲ 140% |
| Trade receivables40 | - | - | €6k | €14k | ▲ 153% |
| Other amounts receivable41 | - | - | €296 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €7k | €5k | €11k | €23k | ▲ 111% |
| Deferred charges and accrued income490/1 | - | - | €112 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €14k | €9k | €19k | €39k | ▲ 105% |
| Equity10/15 | €8k | €6k | €1k | €16k | ▲ 1,247% |
| Contributions10/11 | €6k | - | €6k | €6k | = |
| Reserves13 | €113 | €113 | €113 | €113 | = |
| Non-distributable reserves130/1 | - | - | €113 | €113 | = |
| Reserves not available under the articles1311 | - | - | €113 | €113 | = |
| Profit (loss) carried forward14 | €2k | €-631 | €-5k | €10k | ▲ 288% |
| Amounts payable17/49 | €6k | €3k | €18k | €23k | ▲ 28.9% |
| Amounts payable within one year42/48 | €6k | €3k | €18k | €23k | ▲ 28.9% |
| Trade debts44 | €690 | €244 | €16k | €10k | ▼ 33.9% |
| Suppliers440/4 | - | - | €16k | €10k | ▼ 33.9% |
| Taxes, remuneration and social security45 | - | - | €1k | €12k | ▲ 947% |
| Taxes450/3 | - | - | - | €4k | - |
| Remuneration and social security454/9 | - | - | €1k | €8k | ▲ 591% |
| Other amounts payable47/48 | - | - | €832 | €385 | ▼ 53.8% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-3k | €-4k | €15k | ▲ 428% |
| + Depreciation and write-downs630 | - | - | €92 | €454 | ▲ 394% |
| Operating cash flow (approximation) | €2k | €-3k | €-4k | €15k | ▲ 446% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | €-3k | €6k | €12k | ▲ 99.3% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 338 days late
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 180 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
2021
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Anderlecht · 1 establishment unit since 2018
Ground area
3,439 m²
Building footprint
1,646 m²
Volume, LiDAR
11,424 m³
Parcel 21306D0294/00W002, Brussels · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pulse Bar
since 20182.280.653.904
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0294/00W002 | Brussels | 3,439 m² | 1 · 1,646 m² | 7.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.280.653.904
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,783 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.