Pulse Projectsourcing
ActiveSummary
Pulse Projectsourcing has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€218,101) and a net result of -€248,101. Its solvency ranks better than 6% of 9,664 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-07-2024 Normal situation
- Activity
- Other business support services NACE 82990and 1 other
- Joint committees
- 124 Paritair Comité voor het bouwbedrijf
- 149.01 Paritair Subcomité voor de elektriciens: installatie en distributie
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw · annual accounts 2025
- Establishment unit
- 2.362.903.370 8870 Izegem, since 18-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €336,684
- Turnover
- ≈ €510,000
- estimated
- Loss
- €248,101
- Equity
- -€218,101
- Total assets
- €255,157
- Employees on 31-12-2025
- 12
- Negative equity on 31-12-2025
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskCapped at 59: negative equityLoss of €248,101 (financial year 2025)Negative equity -€218,101lowers riskSector: Office administrative, office support and other business support activities (NACE 82)Size: total assets €255,157Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 82, micro). It does better than 5% of them on solvency, 7% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00460315.
Annual accounts 2025 filed on 31-08-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 12 |
| full-time | 12 |
| part-time | 0 |
| in full-time equivalents | 12 |
| Average over the year, in full-time equivalents | 9.2 |
| On a permanent contract | 12 |
| Joined | 15 |
| Left | 3 |
| Training hours | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €3,052 |
| Intangible fixed assets | €5,030 |
| Financial fixed assets | €5,000 |
| Depreciation and write-downs of the year | €6,337 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €488 awarded · €488 paid| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €569,276 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,337 |
| Other operating charges640/8 | €3,472 |
| Gross operating margin9900 | €336,684 |
| Operating profit (loss)9901 | -€242,401 |
| Financial income75/76B | €91 |
| Recurring financial income75 | €91 |
| Financial charges65/66B | €5,792 |
| Recurring financial charges65 | €5,792 |
| Profit (loss) for the period before taxes9903 | -€248,101 |
| Profit (loss) for the period9904 | -€248,101 |
| Profit (loss) for the period to be appropriated9905 | -€248,101 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €255,157 | |
| Fixed assets21/28 | €10,750 | |
| Intangible fixed assets21 | €3,807 | |
| Tangible fixed assets22/27 | €1,942 | |
| Furniture and vehicles24 | €1,942 | |
| Financial fixed assets28 | €5,000 | |
| Current assets29/58 | €244,407 | |
| Amounts receivable within one year40/41 | €205,984 | |
| Trade receivables40 | €194,151 | |
| Other amounts receivable41 | €11,833 | |
| Cash at bank and in hand54/58 | €25,234 | |
| Deferred charges and accrued income490/1 | €13,189 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €255,157 | |
| Equity10/15 | -€218,101 | |
| Contributions10/11 | €30,000 | |
| Profit (loss) carried forward14 | -€248,101 | |
| Amounts payable17/49 | €473,258 | |
| Amounts payable within one year42/48 | €473,258 | |
| Trade debts44 | €311,724 | |
| Suppliers440/4 | €311,724 | |
| Taxes, remuneration and social security45 | €41,535 | |
| Remuneration and social security454/9 | €41,535 | |
| Other amounts payable47/48 | €120,000 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€248,101 |
| + Depreciation and write-downs630 | €6,337 |
| Operating cash flow (approximation) | -€241,765 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as Pulse Projectsourcing has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Pulse Projectsourcing itself is lower: 1.2% within 12 months. It rests on far more data about Pulse Projectsourcing than the profile alone.
Test of the method
The method was tested on the 497,446 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 Projectsourcing. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00460315 |
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Shareholders
- Frederik STRAGIER 210 shares · €21,000
- Julie ROELS 90 shares · €9,000
Capital transactions
- 22-07-2024 Incorporation · €30,000
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MAEL MGT |
|
| WE INVEST |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “2”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Gewone meerderheid, tenzij akte van benoeming of rechterlijke uitspraak anders bepalen”
Articles of association, deed of 22-07-2024 (in Dutch)
Network & group
Companies at the same address
2 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
22-07
Gazette deed
IncorporationStarting capital €30,000 · Appointments: WE INVEST (director) and MAEL MGT (director) · Permanent representatives: Frederik STRAGIER and Julie ROELS · Share issue11 points ▸
- Share issue, 300, “inbrengen” (deed in Dutch)
- Registered office clause, “8870 Izegem,Odiel Spruyttestraat 12” (deed in Dutch)
- Director appointment, WE INVEST (director)
- Director appointment, MAEL MGT (director)
- Permanent representative, Frederik STRAGIER
- Permanent representative, Julie ROELS
- Other provision, “verbodsbepaling bestuursmandaat, niet statutair benoemde bestuurders” (deed in Dutch)
- Incorporation, 17-07-2024
- Founder, Frederik STRAGIER
- Founder, Julie ROELS
- Founding capital, €30,000
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36494D1193/00Z000 | Flanders | 880 m² | 1 · 284 m² | 6.0 m · 1 |