PULSE INTERACTIVE COMMUNICATION
ActiveSummary
PULSE INTERACTIVE COMMUNICATION has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,269 and a net result of -€6,023. Equity is shrinking by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency92▲+3
Growth38=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 3.04 against 2.85 in 2024; short-term debt: 32.6% and cash: 88.5% of total assets), and 32.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
67.4%
Return on assets
-17.4%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6,023
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
36 d early
2023
35 d early
2022
38 d early
2021
31 d late
2020
2 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€17,571▼ 24.8%
2024 · €23,351
EBIT margin
-33.3%▲ 52.0pp
2024 · -85.3%
Net result
-€6,023▲ 70.2%
2024 · -€20,234
Working capital
€22,969▼ 20.7%
2024 · €28,977
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20212022202320242025
Turnover€29,672▼ 33.2%€54,914▲ 85.1%€54,160▼ 1.4%€23,351▼ 56.9%€17,571▼ 24.8%
Operating result-€9,359▼ 3.2%€1,473-€5,589-€19,924▼ 256%-€5,858▲ 70.6%
Net result-€10,174below the sector's middle half▼ 9.9%€1,320within the sector's middle half-€6,000below the sector's middle half-€20,234below the sector's middle half▼ 237%-€6,023below the sector's middle half▲ 70.2%
EBIT margin-31.5%▼ 11.1pp2.7%▲ 34.2pp-10.3%▼ 13.0pp-85.3%▼ 75.0pp-33.3%▲ 52.0pp
Equity€54,206within the sector's middle half▼ 15.8%€55,526within the sector's middle half▲ 2.4%€49,526within the sector's middle half▼ 10.8%€29,292within the sector's middle half▼ 40.9%€23,269within the sector's middle half▼ 20.6%
Total assets€96,014within the sector's middle half▼ 14.4%€112,313within the sector's middle half▲ 17.0%€77,301within the sector's middle half▼ 31.2%€45,526below the sector's middle half▼ 41.1%€34,519below the sector's middle half▼ 24.2%
Debt€41,809▼ 12.5%€56,788▲ 35.8%€27,775▼ 51.1%€16,234▼ 41.6%€11,249▼ 30.7%
Working capital€53,196within the sector's middle half▼ 15.8%€52,739within the sector's middle half▼ 0.9%€49,475within the sector's middle half▼ 6.2%€28,977within the sector's middle half▼ 41.4%€22,969within the sector's middle half▼ 20.7%
Solvency56.5%within the sector's middle half▼ 0.9pp49.4%within the sector's middle half▼ 7.0pp64.1%within the sector's middle half▲ 14.6pp64.3%within the sector's middle half▲ 0.3pp67.4%within the sector's middle half▲ 3.1pp
Current ratio2.27within the sector's middle half▼ 0.051.93within the sector's middle half▼ 0.342.90within the sector's middle half▲ 0.982.85within the sector's middle half▼ 0.053.04within the sector's middle half▲ 0.19
Return on assets (ROA)-10.6%below the sector's middle half▼ 2.3pp1.2%within the sector's middle half▲ 11.8pp-7.8%below the sector's middle half▼ 8.9pp-44.4%below the sector's middle half▼ 36.7pp-17.4%below the sector's middle half▲ 27.0pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,858 in 2025 against €19,924 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,519
Fixed assets
€301 ▼ 67.1%
Current assets
€34,218 ▼ 23.3%
Equity and liabilities €34,519
Equity
€23,269 ▼ 20.6%
Debt
€11,249 ▼ 30.7%
Debt's share of the balance-sheet total falls from 35.7% to 32.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,244▲
2024 · -€18,988
Cash flow
-€5,409▲
2024 · -€19,298
Debt to equity
0.48▼
2024 · 0.55
ROE
-25.9%▲
2024 · -69.1%
Interest coverage
-29.21▲
2024 · -121.52
Debt ≤ 1 year
€11,249▼
2024 · €15,634
Income taxes
€270=
2024 · €270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €29,672 | €54,914 | €54,160 | €23,351 | €17,571 | ▼ 24.8% |
| Non-recurring operating income76A | - | - | €6,455 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €43,239 | €54,371 | €67,096 | €44,735 | €25,214 | ▼ 43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €177 | €499 | €936 | €936 | €614 | ▼ 34.4% |
| Other operating charges640/8 | €787 | €900 | €1,480 | €936 | €933 | ▼ 0.3% |
| Gross operating margin9900 | -€8,395 | €2,873 | -€3,173 | -€18,052 | -€4,311 | ▲ 76.1% |
| Operating profit (loss)9901 | -€9,359 | €1,473 | -€5,589 | -€19,924 | -€5,858 | ▲ 70.6% |
| Financial income75/76B | €1 | €0 | €4 | €117 | €285 | ▲ 145% |
| Recurring financial income75 | €1 | €0 | €4 | €117 | €285 | ▲ 145% |
| Financial charges65/66B | €702 | €153 | €147 | €156 | €180 | ▲ 14.9% |
| Recurring financial charges65 | €702 | €153 | €147 | €156 | €180 | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | -€10,060 | €1,320 | -€5,732 | -€19,964 | -€5,752 | ▲ 71.2% |
| Income taxes67/77 | €114 | - | €268 | €270 | €270 | = |
| Profit (loss) for the period9904 | -€10,174 | €1,320 | -€6,000 | -€20,234 | -€6,023 | ▲ 70.2% |
| Profit (loss) for the period to be appropriated9905 | -€10,174 | €1,320 | -€6,000 | -€20,234 | -€6,023 | ▲ 70.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,014 | €112,313 | €77,301 | €45,526 | €34,519 | ▼ 24.2% |
| Fixed assets21/28 | €1,009 | €2,787 | €1,851 | €915 | €301 | ▼ 67.1% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €885 | €2,663 | €1,727 | €791 | €177 | ▼ 77.6% |
| Plant, machinery and equipment23 | €0 | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | €885 | €2,663 | €1,727 | €791 | €177 | ▼ 77.6% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €95,005 | €109,527 | €75,450 | €44,611 | €34,218 | ▼ 23.3% |
| Amounts receivable within one year40/41 | €5,058 | €14,413 | €9,126 | €5,728 | €3,041 | ▼ 46.9% |
| Trade receivables40 | €3,435 | €12,970 | €5,430 | €5,705 | €2,643 | ▼ 53.7% |
| Other amounts receivable41 | €1,623 | €1,443 | €3,695 | €23 | €399 | ▲ 1,661% |
| Cash at bank and in hand54/58 | €89,485 | €95,114 | €65,499 | €38,282 | €30,548 | ▼ 20.2% |
| Deferred charges and accrued income490/1 | €462 | €0 | €826 | €601 | €629 | ▲ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,014 | €112,313 | €77,301 | €45,526 | €34,519 | ▼ 24.2% |
| Equity10/15 | €54,206 | €55,526 | €49,526 | €29,292 | €23,269 | ▼ 20.6% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Capital10 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Issued capital100 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Uncalled capital101 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,479 | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Non-distributable reserves130/1 | €2,479 | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Legal reserve130 | €2,479 | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Profit (loss) carried forward14 | €45,529 | €46,849 | €40,850 | €20,616 | €14,593 | ▼ 29.2% |
| Amounts payable17/49 | €41,809 | €56,788 | €27,775 | €16,234 | €11,249 | ▼ 30.7% |
| Amounts payable within one year42/48 | €41,809 | €56,788 | €25,975 | €15,634 | €11,249 | ▼ 28.0% |
| Financial debts43 | - | - | - | - | €79 | - |
| Credit institutions430/8 | - | - | - | - | €79 | - |
| Trade debts44 | €12,225 | €17,690 | €14,748 | €5,973 | €1,449 | ▼ 75.7% |
| Suppliers440/4 | €12,225 | €17,690 | €14,748 | €5,973 | €1,449 | ▼ 75.7% |
| Taxes, remuneration and social security45 | €20,809 | €27,684 | €2,850 | €2,964 | €2,850 | ▼ 3.8% |
| Taxes450/3 | €0 | €0 | €0 | €114 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €20,809 | €27,684 | €2,850 | €2,850 | €2,850 | = |
| Other amounts payable47/48 | €8,774 | €11,414 | €8,378 | €6,698 | €6,871 | ▲ 2.6% |
| Accrued charges and deferred income492/3 | - | - | €1,800 | €600 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,174 | €1,320 | -€6,000 | -€20,234 | -€6,023 | ▲ 70.2% |
| + Depreciation and write-downs630 | €177 | €499 | €936 | €936 | €614 | ▼ 34.4% |
| Operating cash flow (approximation) | -€9,997 | €1,820 | -€5,064 | -€19,298 | -€5,409 | ▲ 72.0% |
| Investment in fixed assets (approximation) | - | -€2,277 | €0 | €0 | €0 | - |
| Change in cash | - | €5,628 | -€29,615 | -€27,217 | -€7,734 | ▲ 71.6% |
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
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €1,320
Net result €1,320 after 4 loss-making years.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 1996
Ground area
753 m²
Building footprint
494 m²
Volume, LiDAR
9,731 m³
2 parcels, Brussels · tallest building 24.4 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kerselarenlaan 15, 1030 Schaarbeek
since 19962.077.561.539
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0140/00A012 | Brussels | 601 m² | 1 · 420 m² | 24.4 m · 7 fl. |
| 21902A0451/00V004 | Brussels | 152 m² | 1 · 73 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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PHOTON
BE 0441.271.212
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LAZER BRAND
BE 0426.478.118
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ALBRECHT-OELBRANDT
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. 2,697 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)
Founded17-07-1996
Fiscal year end30-09
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458512070
Also
9925:BE0458512070
Registered
19-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.