PULSE CONCEPT
ActivePULSE CONCEPT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-704) and a net result of €-14k. Equity is shrinking by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▲+7
Solvency25=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.16 in 2024; short-term debt: 31.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 2025Solvency, return and age of the figures
Solvency
-0.2%
Return on assets
-5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-704
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
24 d early
2020
23 d late
2019
87 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-704
2024 · €1k
2018: €106k
2019: €78k
2020: €65k
2021: €97k
2022: €67k
2023: €22k
2024: €1k
2018 → 2025
Total assets
€288k▲ 11.8%
2024 · €257k
2018: €130k
2019: €91k
2020: €75k
2021: €117k
2022: €363k
2023: €279k
2024: €257k
2018 → 2025
Net result
€-14k▲ 32.8%
2024 · €-21k
2018: €11k
2019: €-28k
2020: €-13k
2021: €32k
2022: €-30k
2023: €-45k
2024: €-21k
2018 → 2025
Working capital
€-45k▼ 27.9%
2024 · €-35k
2018: €100k
2019: €71k
2020: €61k
2021: €92k
2022: €43k
2023: €-7k
2024: €-35k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€67k▼ 31.1%€22k▼ 66.5%€1k▼ 94.7%€-704
Operating result€33k-€-37k€-36k▲ 1.4%€-13k▲ 65.2%€-5k▲ 57.2%
Net result€32k-€-30k€-45k▼ 47.1%€-21k▲ 52.2%€-14k▲ 32.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €288k
Fixed assets
€243k▼ 3.1%
Current assets
€45k▲ 565%
Key figures and ratios
EBITDA
€3k▲
2024 · €-4k
Cash flow
€-6k▲
2024 · €-12k
Solvency
-0.2%▼
2024 · 0.5%
Current ratio
0.50▲
2024 · 0.16
Quick ratio
0.50▲
2024 · 0.16
ROA
-5.0%▲
2024 · -8.3%
Interest coverage
0.35▲
2024 · -0.43
Debt
€288k▲
2024 · €256k
Debt ≤ 1 year
€90k▲
2024 · €42k
Debt > 1 year
€199k▼
2024 · €214k
Income taxes
€141▲
2024 · €140
Staff costs
€12k
Equity ratios withheld: equity of €-704 is too small for a meaningful ratio.
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€257k€288k▲
Fixed assets21/28€251k€243k▼
Tangible fixed assets22/27€251k€243k▼
Land and buildings22€251k€242k▼
Furniture and vehicles24€0€424▲
Financial fixed assets28€175€385▲
Current assets29/58€7k€45k▲
Amounts receivable within one year40/41€3k€43k▲
Trade receivables40€3k€28k▲
Other amounts receivable41-€15k
Current investments50/53€1€1=
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€257k€288k▲
Equity10/15€1k€-704▼
Contributions10/11€8k€20k▲
Reserves13€45k€45k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€-52k€-66k▼
Amounts payable17/49€256k€288k▲
Amounts payable after more than one year17€214k€199k▼
Financial debts170/4€214k€199k▼
Amounts payable within one year42/48€42k€90k▲
Current portion of amounts payable after more than one year42€15k€16k▲
Financial debts43€5k€24k▲
Credit institutions430/8€5k€24k▲
Trade debts44€10k€10k▲
Suppliers440/4€10k€10k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€1k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€5k€35k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0€7k▲
Remuneration, social security and pensions62-€12k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€407
Gross operating margin9900€-788€18k▲
Operating profit (loss)9901€-13k€-5k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€-21k€-14k▲
Income taxes67/77€140€141▲
Profit (loss) for the period9904€-21k€-14k▲
Profit (loss) for the period to be appropriated9905€-21k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-66k▼
Profit (loss) brought forward from the previous period14P€-30k€-52k▼
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 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 26 days late
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, Evere · 1 establishment unit since 2021
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.
Pierre Dupontgaarde 61140 EvereGround area
507 m²
Building footprint
172 m²
Volume, LiDAR
1,828 m³
2 parcels, Brussels · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Pulse Concept
since 20212.323.362.509
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0088/00E003 | Brussels | 322 m² | 1 · 71 m² | 10.7 m · 3 fl. |
| 21904B0455/00C008 | Brussels | 184 m² | 1 · 101 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2024 · 2 entries · 800 EUR in total| Year | Entries | paid |
|---|---|---|
| 2024 | 1 | 400 EUR |
| 2023 | 1 | 400 EUR |
Budget allocations
Dotation à WBI dans le cadre de la promotion internationale de_x000D_
Bruxelles
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 2,086 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2006
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
73300Public relations and communication consultancy
58290Other software publishing
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
72210
72300
72400
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:contact@pulse-consult.eu