PULSITIVE
ActiveThe annual accounts of PULSITIVE for fiscal year 2025 show a net loss of 211% of total assets and of 357% of the equity at the start of that year. The 2025 annual accounts show equity of €7k and a net result of €-80k. Equity is growing by ~99.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 2042 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency45▼-23
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.08 against 1.74 in 2024; short-term debt: 80.4% and cash: 32.2% of total assets), and 80.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
19.6%
Return on assets
-211.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-02-2026, 24 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 · 3 filingsDeviation from the deadline
2025
24 d late
2024
94 d early
2023
26 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▼ 66.9%
2024 · €22k
2023: €-7k
2024: €22k
2023 → 2025
Total assets
€38k▼ 27.3%
2024 · €52k
2023: €10k
2024: €52k
2023 → 2025
Net result
€-80k
2024 · €30k
2023: €-12k
2024: €30k
2023 → 2025
Working capital
€2k▼ 89.2%
2024 · €22k
2023: €-8k
2024: €22k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-7k-€22k€7k▼ 66.9%
Operating result€-12k-€34k€-75k
Net result€-12k-€30k€-80k
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 2025: a loss of €75k after €34k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€5k▲ 1,357%
Current assets
€33k▼ 36.6%
Equity and liabilities €38k
Equity
€7k▼ 66.9%
Debt
€30k▲ 2.7%
The debt ratio rises from 56.9% to 80.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-73k▼
2024 · €35k
Cash flow
€-77k▼
2024 · €30k
Solvency
19.6%▼
2024 · 43.1%
Current ratio
1.08▼
2024 · 1.74
Quick ratio
1.08▼
2024 · 1.74
Debt / equity
4.10▲
2024 · 1.32
ROA
-211.1%▼
2024 · 57.1%
Interest coverage
-330.60▼
2024 · 321.97
Debt
€30k▲
2024 · €30k
Debt ≤ 1 year
€30k▲
2024 · €30k
Income taxes
€31▼
2024 · €4k
Staff costs
€28k
A ratio outside any meaningful range has been withheld (balance sheet total €38k, equity €7k).
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€52k€38k▼
Fixed assets21/28€347€5k▲
Intangible fixed assets21-€5k
Tangible fixed assets22/27€347€54▼
Furniture and vehicles24€347€54▼
Current assets29/58€52k€33k▼
Amounts receivable within one year40/41€3k€20k▲
Trade receivables40€3k€11k▲
Other amounts receivable41-€9k
Cash at bank and in hand54/58€48k€12k▼
Deferred charges and accrued income490/1€637€476▼
Equity and liabilities
Total equity and liabilities10/49€52k€38k▼
Equity10/15€22k€7k▼
Contributions10/11€5k€70k▲
Profit (loss) carried forward14€17k€-63k▼
Amounts payable17/49€30k€30k▲
Amounts payable within one year42/48€30k€30k▲
Trade debts44€3k€12k▲
Suppliers440/4€3k€12k▲
Taxes, remuneration and social security45€11k€16k▲
Taxes450/3€7k€2k▼
Remuneration and social security454/9€4k€14k▲
Other amounts payable47/48€16k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€28k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€293€3k▲
Other operating charges640/8-€411
Gross operating margin9900€35k€-44k▼
Operating profit (loss)9901€34k€-75k▼
Financial income75/76B€26€116▲
Recurring financial income75€26€116▲
Financial charges65/66B€107€5k▲
Recurring financial charges65€107€220▲
Non-recurring financial charges66B-€4k
Profit (loss) for the period before taxes9903€34k€-80k▼
Income taxes67/77€4k€31▼
Profit (loss) for the period9904€30k€-80k▼
Profit (loss) for the period to be appropriated9905€30k€-80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€-63k▼
Profit (loss) brought forward from the previous period14P€-12k€17k▲
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
Next filing, fiscal year 2026, expected by
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
30-06
Financial
Weakest financial yearnet €-80k ▼369%
Net result drops to €-80k, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 1.74
Current ratio from 0.53 to 1.74.
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
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.
20-09-2022
Resigned as Director
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2022
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.
Luitenant Lippensstraat 31040 EtterbeekGround area
305 m²
Building footprint
182 m²
Volume, LiDAR
2,365 m³
2 parcels, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
PULSITIVE
since 20222.333.402.997
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0221/00Y002 | Brussels | 219 m² | 1 · 123 m² | 22.6 m · 6 fl. |
| 21363B0352/00G011 | Brussels | 86 m² | 1 · 59 m² | 9.7 m · 2 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.
Similar companies · same sector, comparable size
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BE 0801.976.204
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BE 1022.204.905
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FAYDA INSIGHT
BE 1031.884.119
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Of 11,670 companies in sector 85599 we hold annual accounts for 1,329. 667 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-07-2022
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
85599Other education
47120Other non-specialised retail sale
47910Retail trade
74999Other professional, scientific and technical activities
82300Organisation of conventions and trade shows
82990Other business support services
90031Arts creation and performing arts activities
90111Literary creation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@pulsitive.be