Pulsed
ActivePulsed has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €97k and a net result of €-13k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 31% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▼-67
Solvency60▼-20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 2.65 in 2023; short-term debt: 33.3% and cash: 7.4% of total assets), and 65.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
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 2024Solvency, return and age of the figures
Solvency
34.8%
Return on assets
-4.6%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
5 d early
2022
28 d early
2021
25 d early
2020
72 d early
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€97k▼ 58.6%
2023 · €235k
2018: €80k
2019: €168k
2020: €443k
2021: €237k
2022: €195k
2023: €235k
2018 → 2024
Total assets
€280k▼ 34.8%
2023 · €429k
2018: €160k
2019: €258k
2020: €873k
2021: €387k
2022: €356k
2023: €429k
2018 → 2024
Net result
€-13k
2023 · €46k
2018: €31k
2019: €88k
2020: €383k
2021: €94k
2022: €78k
2023: €46k
2018 → 2024
Working capital
€8k▼ 94.8%
2023 · €155k
2018: €35k
2019: €103k
2020: €733k
2021: €201k
2022: €138k
2023: €155k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€443k-€237k▼ 46.5%€195k▼ 17.6%€235k▲ 20.5%€97k▼ 58.6%
Operating result€83k-€125k▲ 50.5%€100k▼ 20.3%€63k▼ 36.9%€-2k
Net result€383k-€94k▼ 75.4%€78k▼ 17.0%€46k▼ 41.7%€-13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €63k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €280k
Fixed assets
€178k▼ 0.7%
Current assets
€101k▼ 59.4%
Equity and liabilities €280k
Equity
€97k▼ 58.6%
Debt
€182k▼ 6.0%
The debt ratio rises from 45.2% to 65.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2023 · €74k
Cash flow
€-9k▼
2023 · €57k
Solvency
34.8%▼
2023 · 54.8%
Current ratio
1.09▼
2023 · 2.65
Quick ratio
1.09▼
2023 · 2.65
Debt / equity
1.87▲
2023 · 0.82
ROE
-13.2%▼
2023 · 19.4%
ROA
-4.6%▼
2023 · 10.6%
Interest coverage
0.20▼
2023 · 7.58
Debt
€182k▼
2023 · €194k
Debt ≤ 1 year
€93k▼
2023 · €94k
Debt > 1 year
€86k▼
2023 · €96k
Income taxes
€4k▼
2023 · €18k
Staff costs
€35k▲
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€429k€280k▼
Fixed assets21/28€180k€178k▼
Tangible fixed assets22/27€180k€178k▼
Land and buildings22€115k€110k▼
Plant, machinery and equipment23€879€751▼
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€62k€65k▲
Current assets29/58€250k€101k▼
Amounts receivable after more than one year29€146k€0▼
Trade receivables290€146k€0▼
Amounts receivable within one year40/41€29k€41k▲
Trade receivables40€27k€23k▼
Other amounts receivable41€3k€17k▲
Current investments50/53€27k€35k▲
Cash at bank and in hand54/58€34k€21k▼
Deferred charges and accrued income490/1€13k€5k▼
Equity and liabilities
Total equity and liabilities10/49€429k€280k▼
Equity10/15€235k€97k▼
Contributions10/11€18k€18k=
Reserves13€217k€79k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€217k€79k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€194k€182k▼
Amounts payable after more than one year17€96k€86k▼
Financial debts170/4€96k€86k▼
Amounts payable within one year42/48€94k€93k▼
Current portion of amounts payable after more than one year42€22k€11k▼
Financial debts43€11k€9k▼
Credit institutions430/8€6k€9k▲
Other loans439€5k€0▼
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€23k€27k▲
Taxes450/3€22k€11k▼
Remuneration and social security454/9€362€17k▲
Other amounts payable47/48€34k€40k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20232024
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€3k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€4k▼
Other operating charges640/8€15k€2k▼
Gross operating margin9900€91k€40k▼
Operating profit (loss)9901€63k€-2k▼
Financial income75/76B€11k€5k▼
Recurring financial income75€11k€5k▼
Financial charges65/66B€10k€12k▲
Recurring financial charges65€10k€12k▲
Profit (loss) for the period before taxes9903€64k€-9k▼
Income taxes67/77€18k€4k▼
Profit (loss) for the period9904€46k€-13k▼
Profit (loss) for the period to be appropriated9905€46k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€-13k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€5k€138k▲
Transfer to equity691/2€46k€0▼
To other reserves6921€46k€0▼
Profit to be distributed694/7€5k€125k▲
Return on contributions (dividend)694€5k€125k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-01
State Gazette act
General meeting · Merger
Dissolution · Permanent representative
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-13k ▼128%
Net result drops to €-13k, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €235k ▲20.5%
6 profitable years in a row build equity to €235k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €383k ▲337%
Net result €383k, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 13.03
Current ratio from 2.82 to 13.03.
31-12
Financial
Equity above €200kEq €443k ▲164%
3 profitable years in a row build equity to €443k.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Equity above €150kEq €168k ▲110%
2 profitable years in a row build equity to €168k.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 2016
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.
Hagedoornlaan 142610 AntwerpenGround area
973 m²
Building footprint
215 m²
Parcel 11051B0237/00R013, Flanders. Linked by address, not a title deed.
1 establishment unit
Pulsed
since 20162.255.707.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0237/00R013 | Flanders | 973 m² | 1 · 215 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
Evolica
BE 0801.829.219
Tubize · Eq €97k
JSMV
BE 0795.173.039
Peer · Eq €97k
Provider Facility Management
BE 1009.727.933
Elsene · Eq €97k
VDSV
BE 0746.928.506
Zandhoven · Eq €97k
MD MANAGEMENT SRL
BE 0782.431.395
Wavre · Eq €97k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 40,566 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.