PULSITIVE
ActiveSummary
The annual accounts of PULSITIVE for financial 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 €7,429 and a net result of -€80,003. Equity has been growing by about 99% per year since 2023. Its solvency ranks better than 31% of 2,606 sector peers (NACE 85, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-07-2022 Normal situation
- Activity
- Other education NACE 85599and 5 others
- Establishment unit
- 2.333.402.997 1040 Etterbeek, since 11-07-2022
- Financial year end
- 30 June
- Peppol
- Reachable since 09-10-2025
Board and ownership
- VLERICK DaphnéDirector · since 11-07-2022
- Nicolas HenryManager · since 01-04-2024
- VLERICK Daphné500 sharesdeed of 13-07-2022
- HENRY Nicolas500 sharesdeed of 13-07-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- -€43,990
- Loss
- €80,003
- Equity
- €7,429
- ▼ 66.9%
- Total assets
- €37,890
- ▼ 27.3%
- Employees on 30-06-2025
- 0
- 2025 accounts filed 24 days after the deadline
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthslowers riskSector: Education (NACE 85)Liquidity: current ratio 1.08, cash €12,217, halvedSize: total assets €37,890Show the evidence
Checked score
About 4 in 1,000 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 85, micro). It does better than 30% of them on solvency, 27% on liquidity, 6% on profitability and 9% on growth.
The bankruptcy probability was computed on 04-11-2026 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 30-06-2025.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 32 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 24 days after the deadline Filed on 24 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00042620.
Annual accounts 2025 filed on 24-02-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €75,468, after a profit of €34,306 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Staff
| Item | 30-06-2025 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Tangible fixed assets | €879 | - | - |
| Intangible fixed assets | - | - | €7,500 |
| Depreciation and write-downs of the year | €239 | €293 | €2,793 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €28,274 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €239 | €293 | €2,793 | ▲ 853% |
| Other operating charges640/8 | - | - | €411 | - |
| Gross operating margin9900 | -€12,037 | €34,599 | -€43,990 | - |
| Operating profit (loss)9901 | -€12,276 | €34,306 | -€75,468 | - |
| Financial income75/76B | - | €26 | €116 | ▲ 351% |
| Recurring financial income75 | - | €26 | €116 | ▲ 351% |
| Financial charges65/66B | €38 | €107 | €4,620 | ▲ 43× |
| Recurring financial charges65 | €38 | €107 | €220 | ▲ 105% |
| Non-recurring financial charges66B | - | - | €4,400 | - |
| Profit (loss) for the period before taxes9903 | -€12,315 | €34,224 | -€79,973 | - |
| Income taxes67/77 | - | €4,477 | €31 | ▼ 99.3% |
| Profit (loss) for the period9904 | -€12,315 | €29,747 | -€80,003 | - |
| Profit (loss) for the period to be appropriated9905 | -€12,315 | €29,747 | -€80,003 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €9,728 | €52,104 | €37,890 | ▼ 27.3% |
| Fixed assets21/28 | €640 | €347 | €5,054 | ▲ 15× |
| Intangible fixed assets21 | - | - | €5,000 | - |
| Tangible fixed assets22/27 | €640 | €347 | €54 | ▼ 84.5% |
| Furniture and vehicles24 | €640 | €347 | €54 | ▼ 84.5% |
| Current assets29/58 | €9,088 | €51,757 | €32,836 | ▼ 36.6% |
| Amounts receivable within one year40/41 | €1,628 | €2,690 | €20,143 | ▲ 649% |
| Trade receivables40 | €1,500 | €2,690 | €10,885 | ▲ 305% |
| Other amounts receivable41 | €128 | - | €9,258 | - |
| Cash at bank and in hand54/58 | €6,752 | €48,430 | €12,217 | ▼ 74.8% |
| Deferred charges and accrued income490/1 | €708 | €637 | €476 | ▼ 25.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €9,728 | €52,104 | €37,890 | ▼ 27.3% |
| Equity10/15 | -€7,315 | €22,433 | €7,429 | ▼ 66.9% |
| Contributions10/11 | €5,000 | €5,000 | €70,000 | ▲ 14× |
| Capital10 | €5,000 | - | - | - |
| Issued capital100 | €5,000 | - | - | - |
| Profit (loss) carried forward14 | -€12,315 | €17,433 | -€62,571 | - |
| Amounts payable17/49 | €17,042 | €29,671 | €30,461 | ▲ 2.7% |
| Amounts payable within one year42/48 | €17,042 | €29,671 | €30,461 | ▲ 2.7% |
| Trade debts44 | €877 | €3,114 | €12,208 | ▲ 292% |
| Suppliers440/4 | €877 | €3,114 | €12,208 | ▲ 292% |
| Taxes, remuneration and social security45 | - | €10,808 | €16,305 | ▲ 50.9% |
| Taxes450/3 | - | €7,206 | €1,933 | ▼ 73.2% |
| Remuneration and social security454/9 | - | €3,602 | €14,372 | ▲ 299% |
| Other amounts payable47/48 | €16,166 | €15,748 | €1,948 | ▼ 87.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,315 | €29,747 | -€80,003 | - |
| + Depreciation and write-downs630 | €239 | €293 | €2,793 | ▲ 853% |
| Operating cash flow (approximation) | -€12,076 | €30,040 | -€77,210 | - |
| Investment in fixed assets (approximation) | - | €0 | -€7,500 | - |
| Change in cash | - | €41,677 | -€36,212 | - |
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, 1,207 companies had the same profile as PULSITIVE has now. Two years later, 90.1% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- 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 PULSITIVE itself is lower: 0.4% within 12 months. It rests on far more data about PULSITIVE 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 1,207 companies, not a prediction for PULSITIVE. 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.
Board & ownership
Directors
Deed of 14-11-2025Registered office moved from Ixelles to EttebeekNew registered office: Rue Lieutenant Lippens 3, 1040 Ettebeek · Previous registered office: Rue Henri Marichal 28 bte 3, 1050 Ixelles · Permanent representative: Gaussin François
Owners and capital
Shareholders
- VLERICK Daphné 500 shares (50%) · €2,500
- HENRY Nicolas 500 shares (50%) · €2,500
Capital transactions
- 13-07-2022 Incorporation · €5,000 · 1,000 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Nicolas Henry |
|
| VLERICK Daphné |
|
Articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “1 à 1.000, droit égal dans la répartition des bénéfices et des produits de la liquidation”
Audit, dissolution and liquidation
- 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.
- “Dissolution pour quelque cause et à quelque moment, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments”
Articles of association, deed of 13-07-2022 (in French)
Network & group
PULSITIVE shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of PULSITIVE. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
14-11
Gazette deed
Registered office moved from Ixelles to EttebeekNew registered office: Rue Lieutenant Lippens 3, 1040 Ettebeek · Previous registered office: Rue Henri Marichal 28 bte 3, 1050 Ixelles · Permanent representative: Gaussin François5 points ▸
- General meeting, 30-06-2025
- Registered-office move, Rue Lieutenant Lippens 3, 1040 Ettebeek
- Power of attorney, K.F.G. & Associés
- Permanent representative, Gaussin François
- Director in office, Henry Nicolas
15-01
Gazette deed
Amendment of the articlesIssue of 130 shares4 points ▸
- General meeting, 30-12-2024
- Power of attorney, VLERICK Daphné
- Power of attorney, HENRY Nicolas
- Amendment of the articles, article 5
- The deed holds 6 more points.
16-07
Gazette deed
Appointment: Nicolas Henry (director and manager)2 points ▸
- General meeting, 10-04-2024
- Director appointment, Nicolas Henry (director and manager)
07-11
Gazette deed
Resignation: Nicolas Henry (director)2 points ▸
- General meeting, 21-10-2022
- Director resignation, Nicolas Henry
13-07
Gazette deed
IncorporationFounding capital of €5,000, 1,000 shares · Founders: VLERICK Daphné and HENRY Nicolas · Appointments: VLERICK Daphné (director) and HENRY Nicolas (director)6 points ▸
- Founder, VLERICK Daphné
- Founder, HENRY Nicolas
- Founding capital, €5,000, 1,000 shares
- Registered office clause, (1050) Ixelles, rue Henri Marichal 28, bte 3
- Director appointment, VLERICK Daphné (director (not named in the articles))
- Director appointment, HENRY Nicolas (director (not named in the articles))
- The deed holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
PULSITIVE was incorporated on 11 July 2022 as a private limited company by two natural persons, with a starting capital of €5,000.12 The registered office was moved to Ettebeek in 2025.3 The board currently has 2 members. VLERICK Daphné has served longest, since 2022.4 Total assets rose from €9,728 in 2023 to €37,890 in 2025.5
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rue Henri Marichal 28 bte 3, 1050 Ixelles until 01-07-2025 · deed of 14-11-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
10 activities
- Toute activité en lien directe ou indirecte avec la transition économique et le développement durable (en entreprise,organisation et publique)
- La conception,la promotion et la commercialisation de toute solution ou produit permettant d'avoir un impact positif sur la société et l'environnement
- La formation en développement durable,notamment en gestion,management,leadership,techniques de vente,ressources humaines,marketing,opérations
- La commercialisation de ses produits,services et solutions en ligne,ou non
- L'investissement dans des solutions existantes,du foncier,des infrastructures et du Research & Development,des technologies,en lien direct ou indirect avec son objet
- L'organisation d'événements,conférences,congrès professionnels dans le cadre de ses activités
- La consultance et la prestation de services sous forme d'études,d'expertises,d'accompagnement,d'assistance,d'information,de conseil,les études de marché et d'avis informatiques ou autres,financiers,techniques,commerciaux,administratifs au sens le plus large
- Le conseil,l'organisation,la coordination,l'intervention dans toutes les matières touchant le développement durable (société,climat,et la planète dans le sens le plus large)
- Toutes opérations immobilières et notamment l'achat,la vente,la location,le leasing,la gestion,la gérance,l'expertise,la transformation,la mise en valeur,l'aménagement,l'équipement,la décoration,la rénovation,le lotissement en matière immobilière et,d'une façon générale,toutes transactions et promotions immobilières généralement quelconques,pour compte propre,ainsi que toutes opérations qui,directement ou indirectement,sont en relation avec son objet ou sont de nature à favoriser l'accroissement d'un patrimoine immobilier
- Toutes prestations de services et aides aux entreprises et sociétés,l'acceptation de mandats d'administrateur,gérant ou liquidateur d'autres sociétés,belges ou étrangères,fournir caution et donner tous biens en garantie pour son compte ou pour compte de tiers dans le cadre de ses activités
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 |
|---|---|---|---|---|
| 21363B0352/00G011 | Brussels | 86 m² | 1 · 59 m² | 9.7 m · 2 |