Result
€125,795 €125,795
Back in profit in 2025, after a loss of €14,194 in 2024.
Pulse Studio
Overview
Lifetime
2 annual accounts with figures on one time axispeak €173,679 (2025)
€173,679▲ €187,350
lowest -€14,194 (2024)
€125,795▲ €139,989
peak €121,601 (2025)
€121,601▲ €125,795
€77,676▲ 87.3%
Board2 names since 2024
2 directorsAMELOOT Kenza and 1 other
Documentsfilings and deeds
23-07-20268 days before the deadline
2025micro format
Gross margin from -€13,670 to €173,679Back to profit: €125,795Equity from -€4,194 to €121,601Debts from €41,468 to €77,6761 establishment registeredInvestments €50,909
Key points
from the 2025 annual accountsTurnover
≈ €430,000 estimated
The micro format states no turnover.
Investments
€41,309 6.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 134.9% higher than in 2024.
Liquidity
1.56 was 0.10 in 2024
Short-term debts rose from €41,468 to €77,676.
Starting capital
€10,000 100 shares
Position in the sector
€125,795
Higher net result than 95% of companies in sports and recreation. Sector median €3,711 · 2,877 companies.
Checked score
98
Excellent
Financially stronger than 88% of micro companies in sports and recreation (NACE 93)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 4,270 companies (NACE 93, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.5%
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.4%▼ -0.1 percentage points vs 12-2025
02-2026: 1.5%▲ +0.1 percentage points vs 01-2026
03-2026: 1.6%▲ +0.1 percentage points vs 02-2026
04-2026: 1.7%▲ +0.1 percentage points vs 03-2026
05-2026: 1.8%▲ +0.1 percentage points vs 04-2026
06-2026: 1.8%● unchanged vs 05-2026
07-2026: 1.8%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -1.7 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 1.56, cash €120,968
Sector: Sports, amusement and recreation activities (NACE 93)
Equity €121,601 (61.0% of total assets)
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 93, micro). It does better than 75% of them on solvency, 83% on liquidity, 94% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Pulse Studio has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Pulse Studio itself is lower: 0.1% within 12 months. It rests on far more data about Pulse Studio than the profile alone.
Test of the method
The method was tested on the 497,447 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 39,278 companies, not a prediction for Pulse Studio. 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.
Credit verdict
Credit of up to €11,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 1.56 (0.1 in 2024), above the usual 1.5. Short-term debt is 39% and cash 60.7% of total assets. 39% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
8 days early
2024
42 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 17 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- D’ESPALLIER Seppe founderdeed of 16-10-2024
- AMELOOT Kenza founderdeed of 16-10-2024
Recent changes
New establishment in Leuven
pulse hub, Diestsestraat 229
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1015083422
Incorporation
Founding capital of €10,000, 100 shares · Founders: D’ESPALLIER Seppe and AMELOOT Kenza · Appointments: D’ESPALLIER Seppe (director) and AMELOOT Kenza (director) · published on 16-10-2024 · Gazette deed
First establishment
Oud-Heverleestraat 4A, Oud-Heverlee
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Pulse Studio Oud-Heverlee | €199,277 | €173,679 | 61.0% | - |
| SAC Ballerbude Eupen | €180,330 | €188,854 | 62.1% | 1.4 |
| COMFORT FOR LIFE Laarne | €224,583 | €130,983 | 19.2% | - |
| LIVT Kortrijk | €190,087 | €271,181 | 24.3% | - |
| CONCRETE GYM Beernem | €144,937 | €127,247 | 67.4% | - |
| DSK Essen | €152,114 | €220,289 | 35.0% | - |
| SUPERMUMS Etterbeek | €262,134 | €137,259 | 80.7% | - |
These companies have the same main activity as Pulse Studio: fitness centres (NACE 93130). They are comparable in size and age: total assets between €145,000 and €262,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 14-10-2024Normal situation
- Activity
- Fitness centresNACE 93130
- Establishment units
- 2.365.107.8443054 Oud-Heverlee, since 14-10-2024
- 2.374.993.0353000 Leuven, since 19-06-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 29-10-2024
Annual accounts 2025
- €173,679
- €125,795
- €121,601
- €199,277▲ 435%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on Pulse Studio
Pulse Studio has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,601 and a net result of €125,795.
Its solvency ranks better than 75% of 2,882 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-07-2026, 8 days before the deadline€173,679
▲ €187,350
€156,917
▲ €171,103
€125,795
▲ €139,989
€43,877
▲ €81,202
61.0%
▲ 72.3 percentage points
1.56
▲ 1.46
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €430,000. Estimated: probably between €290,000 and €670,000.
Balance sheet
balance sheet total €199,277 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
61.0%
Higher than 75% of 2,882 companies in 2025.
1.56
Higher than 64% of 2,767 companies in 2025.
63.1%
Higher than 95% of 2,791 companies in 2025.
Pulse Studio
Middle half of the sector
80% of the sector
Micro accounts in sports and recreation (NACE 93)
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
199,277 | 37,274 | |
21/28 |
77,725 | 33,132 | |
22/27 |
57,925 | 22,932 | |
23 |
44,660 | 19,008 | |
24 |
10,076 | 3,923 | |
26 |
3,188 | - | |
28 |
19,800 | 10,200 | |
29/58 |
121,553 | 4,142 | |
40/41 |
60 | 1,169 | |
40 |
60 | 180 | |
41 |
- | 989 | |
54/58 |
120,968 | 2,708 | |
490/1 |
524 | 264 | |
| Balance sheet: equity and liabilities | |||
10/49 |
199,277 | 37,274 | |
10/15 |
121,601 | -4,194 | |
10/11 |
10,000 | 10,000 | |
13 |
111,601 | - | |
133 |
111,601 | - | |
14 |
- | -14,194 | |
17/49 |
77,676 | 41,468 | |
42/48 |
77,676 | 41,468 | |
44 |
18,445 | 12,745 | |
440/4 |
18,445 | 12,745 | |
45 |
56,858 | - | |
450/3 |
52,261 | - | |
454/9 |
4,597 | - | |
47/48 |
2,373 | 28,722 | |
| Income statement | |||
9900 |
173,679 | -13,670 | |
62 |
8,389 | - | |
630 |
6,316 | 505 | |
640/8 |
2,058 | 11 | |
9901 |
156,917 | -14,186 | |
65/66B |
2,117 | 8 | |
65 |
2,117 | 8 | |
9903 |
154,800 | -14,194 | |
67/77 |
29,004 | - | |
9904 |
125,795 | -14,194 | |
9905 |
125,795 | -14,194 | |
| Appropriation of the result | |||
9906 |
111,601 | -14,194 | |
14P |
-14,194 | - | |
691/2 |
111,601 | - | |
6921 |
111,601 | - | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 163,233 | -13,681 | ||
| 132,111 | -13,688 | ||
| 50,909 | 33,637 | ||
| 118,259 | - | ||
| 43,877 | -37,325 | ||
| 61.0% | -11.3% | ||
| 1.56 | 0.10 | ||
| 0.64 | - | ||
| 103.4% | - | ||
| 63.1% | -38.1% | ||
| 77.10 | -1821.70 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €41,309 | €23,437 |
| Financial fixed assets | €9,600 | €10,200 |
| €6,316 | €505 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Pulse Studio
The operating result for 2025 is a profit of €156,917, after a loss of €14,186 in 2024.
Debt's share of the balance-sheet total is 39.0%.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
since 14-10-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 23-07-2026
Director (not named in the articles)
since 14-10-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 23-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 16-10-2024
Mandates through the years
2 names, the dashed line is todayAMELOOT Kenza
Director (not named in the articles)
Director (not named in the articles)
D’ESPALLIER Seppe
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- AMELOOT Kenza
- Director (not named in the articles), from 14-10-2024 to date
- D’ESPALLIER Seppe
- Director (not named in the articles), from 14-10-2024 to date
Control
Founders
This company
Pulse Studio
Equity €121,601
Profit €125,795 in 2025
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- €1,216 in 2025
- Source
- deed of 16-10-2024
Articles of association
deed of 16-10-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt duur opdracht en bij meerdere bevoegdheid, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 30 June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, ontbinding om welke reden en op…”
Founders
At incorporation
deed of 16-10-2024 ↗
- D’ESPALLIER Seppe founder
- AMELOOT Kenza founder
Network & group
No group
Pulse Studio has no parent and no holdings in its annual accounts. Pulse Studio shares no director with another company.
Timeline
Timeline
9 events since 2024Filings
Financial
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 8 days before the deadline
2025
Back to profit net €125,795 The net result is €125,795, after one loss-making year.
Liquidity more than 15 times current ratio 1.56 The current ratio rises from 0.10 to 1.56.
Equity above €100,000 equity €121,601 Equity rises from -€4,194 to €121,601.
Annual accounts 2024 filed NBBmicro format · 42 days late
New establishment in Leuven pulse hub, Diestsestraat 229
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:1015083422
IncorporationFounding capital of €10,000, 100 shares · Founders: D’ESPALLIER Seppe and AMELOOT Kenza · Appointments: D’ESPALLIER Seppe (director) and AMELOOT Kenza (director) · published on 16-10-20248 points ▸
- Founder, D’ESPALLIER Seppe
- Power of attorney, AMELOOT Kenza
- Founder, AMELOOT Kenza
- Founding capital, €10,000, 100 shares
- Registered office clause, Oud-Heverleestraat 4A, 3054 Vaalbeek
- Board rule, 2
- Director appointment, D’ESPALLIER Seppe (director (not named in the articles))
- Director appointment, AMELOOT Kenza (director (not named in the articles))
- The deed holds 1 more point.
First establishment Oud-Heverleestraat 4A, Oud-Heverlee
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1015.083.422
- VAT number
- BE 1015.083.422
- Peppol ID
- 0208:1015083422
- Other Peppol ID
- 9925:BE1015083422
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-10-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 30 June at 18:00deed of 16-10-2024 (in Dutch)
- Peppol
- Reachable since 29-10-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Pulse Studio in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 16-10-2024 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Pulse Studiodeed of 16-10-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 16-10-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
93130
Fitness centres main activity
Social security (RSZ) activities
93130
Fitness centres main activity
Codes under NACEBEL 2008
93130
Sports, amusement and recreation activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het aanbieden van hoogwaardige groepslessen Reformer Pilates,of alle andere vormen van Pilates,gericht op het verbeteren van de…”deed of 16-10-2024 (in Dutch)
16 activities
- Het aanbieden van hoogwaardige groepslessen Reformer Pilates,of alle andere vormen van Pilates,gericht op het verbeteren van de levenskwaliteit van haar klanten door het combineren van fysieke activiteiten met sociale interactie en gemeenschapsvorming.De vennootschap biedt haar diensten aan via een online platform waar klanten credits kunnen aankopen om lessen te boeken.
- Daarnaast voorziet de vennootschap in de verkoop van voordelige pakketten waarmee klanten meerdere lessen kunnen plannen tegen gereduceerde tarieven.Pulse Studio genereert eveneens bijkomende inkomsten door de verkoop van gezonde dranken,snacks en eigen merchandise.
- De vennootschap richt zich voornamelijk op kapitaalkrachtige studenten,werkende volwassenen en atleten die een actieve levensstijl willen onderhouden.Naast groepslessen biedt Pulse Studio ook privélessen aan bedrijven in de vorm van teambuilding of middagsportactiviteiten.De vennootschap heeft de intentie om haar activiteiten te ontplooien in het centrum van Leuven met een mogelijke uitbreiding naar meerdere locaties,zowel regionaal als nationaal.
- Pulse Studio onderscheidt zich door als enige pilatesstudio in Leuven groepslessen aan te bieden met meer dan zes reformers,wat bijdraagt aan het creëren van een unieke gemeenschapservaring voor haar klanten.De studio beschikt over een ruimte met veertien reformers,waardoor klanten zowel aan hun fysieke conditie kunnen werken als sociale contacten kunnen leggen.De studio bevindt zich op een strategische locatie op de Bondgenotenlaan in Leuven,een drukbezocht gebied met veel voetgangersverkeer,wat bijdraagt aan de zichtbaarheid en toegankelijkheid van de onderneming.
- De vennootschap zal haar diensten bekendmaken via verschillende promotiekanalen,waaronder sociale media,een eigen website en rechtstreeks contact met bedrijven.Het beheer van de administratie zal in eerste instantie door de vennootschap zelf worden uitgevoerd,met ondersteuning van een boekhouder voor de boekhoudkundige en fiscale aspecten.
- Consulting,adviseren met betrekking tot bovenstaande activiteiten;
- Social media marketing en sales met betrekking tot voornoemde activiteiten in B2B vorm,als dienst naar andere bedrijven.
- Personal coaching,ademcoaching,sportbegeleiding,stress management coaching en geven van lifestyle- en voedingsadvies,onder meer voor particulieren en bedrijven,met daarbij de opmaak van op maat gemaakte trainingsschema’s;
- Selectie,opleiding & vorming en begeleiding van pilates instructors en personeel voor horeca-,evenementen-,conferentie-,sport-,jeugd-,recreatie-,wellness-,en cultuurcentra;
- Het geven en organiseren van workshops,(meerdaagse) trainingen en (meerdaagse) stages zowel in binnen- als buitenland;
- Exploitatie,begeleiding en advisering van de exploitatie van jeugd-,sport-,recreatie-,wellness-,en cultuurcentra,inclusief openluchtinfrastructuur.Evenals de exploitatie,begeleiding en advisering van horeca- conferentie- en evenementeninfrastructuur;
- Exploitatie van sportaccommodaties;
- Beheer en exploitatie van sportcentra die kunnen gebruikt worden voor de beoefening van diverse sporten en disciplines;
- Organisatie en uitvoering van sportevenementen;
- Activiteiten in verband met sportwedstrijden;
- Exploitatie van gymnastiekzalen,fitnesscentra,centra voor de beoefening van aerobic,bodybuilding,yoga,etc.inclusief de begeleiding van cliënteel op sportief gebied;
Registered office and establishments
2 establishments| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Oud-Heverleestraat 4A registered office 3054 Oud-Heverlee | 14-10-2024 | 2.365.107.844 | |
| pulse hub Diestsestraat 229, 3000 Leuven | 19-06-2025 | 2.374.993.035 | Restaurant |
Buildings and parcels at the addresses
- Ground area
- 1,192 m²
- Buildings
- 250 m²
- Volume, LiDAR
- 1,641 m³
- Tallest building
- 10.5 m
Buildings to scale, each on its own parcel
Environmental permits
1 application in Flanders since 2024| 20-01-2025 | Discontinued | Functiewijziging zonder verbouwingswerken submitted 06-11-2024 · project 2024147927 | Leuven |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24110A0048/00M000 | 940 m² | 1 · 161 m² | 8.7 m · 2 |
| 24062A1130/00A000 | 252 m² | 1 · 89 m² | 10.5 m · 3 |
Recognitions
Food safety, FASFC
1 siteLeuvenunit number 2.374.993.035