PULSUS X
ActivePULSUS X has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184k and a net result of €60k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 40% of 7740 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-4
Solvency63▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.81 in 2024; short-term debt: 44.2% and cash: 27.4% of total assets), and 62% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38%
Return on assets
12.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 6 filingsDeviation from the deadline
2025
19 d late
2024
13 d late
2023
28 d late
2022
4 d early
2021
22 d late
2020
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€184k=
2024 · €184k
2020: €80k
2021: €157k
2022: €179k
2023: €184k
2024: €184k
2020 → 2025
Total assets
€484k▲ 3.2%
2024 · €470k
2020: €467k
2021: €444k
2022: €484k
2023: €545k
2024: €470k
2020 → 2025
Net result
€60k▼ 17.2%
2024 · €72k
2020: €80k
2021: €78k
2022: €106k
2023: €140k
2024: €72k
2020 → 2025
Working capital
€-14k▲ 61.1%
2024 · €-37k
2020: €-45k
2021: €-35k
2022: €37k
2023: €20k
2024: €-37k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€157k-€179k▲ 14.4%€184k▲ 2.7%€184k=€184k=
Operating result€115k-€139k▲ 20.7%€187k▲ 34.4%€95k▼ 49.0%€84k▼ 12.2%
Net result€78k-€106k▲ 35.2%€140k▲ 32.1%€72k▼ 48.6%€60k▼ 17.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 12% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €484k
Fixed assets
€285k▼ 10.1%
Current assets
€200k▲ 30.7%
Equity and liabilities €484k
Equity
€184k=
Debt
€300k▲ 5.2%
The debt ratio rises from 60.8% to 62.0%. Debt is higher.
Key figures and ratios
EBITDA
€125k▼
2024 · €128k
Cash flow
€101k▼
2024 · €105k
Solvency
38.0%▼
2024 · 39.2%
Current ratio
0.93▲
2024 · 0.81
Quick ratio
0.93▲
2024 · 0.81
Debt / equity
1.63▲
2024 · 1.55
ROE
32.4%▼
2024 · 39.1%
ROA
12.3%▼
2024 · 15.3%
Interest coverage
17.88▼
2024 · 38.17
Debt
€300k▲
2024 · €285k
Debt ≤ 1 year
€214k▲
2024 · €190k
Debt > 1 year
€86k▼
2024 · €96k
Income taxes
€17k▼
2024 · €20k
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€470k€484k▲
Fixed assets21/28€317k€285k▼
Tangible fixed assets22/27€317k€285k▼
Land and buildings22€278k€252k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€37k€31k▼
Current assets29/58€153k€200k▲
Amounts receivable within one year40/41€43k€62k▲
Trade receivables40€22k€19k▼
Other amounts receivable41€20k€43k▲
Cash at bank and in hand54/58€106k€133k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€470k€484k▲
Equity10/15€184k€184k=
Contributions10/11€19k€19k=
Reserves13€166k€166k=
Distributable reserves133€166k€166k=
Amounts payable17/49€285k€300k▲
Amounts payable after more than one year17€96k€86k▼
Financial debts170/4€96k€86k▼
Amounts payable within one year42/48€190k€214k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43€13k€13k▼
Credit institutions430/8€13k€13k▼
Trade debts44€2k€625▼
Suppliers440/4€2k€625▼
Taxes, remuneration and social security45€18k€28k▲
Taxes450/3€18k€28k▲
Other amounts payable47/48€148k€163k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€42k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€130k€128k▼
Operating profit (loss)9901€95k€84k▼
Financial income75/76B€3€394▲
Recurring financial income75€3€394▲
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€92k€77k▼
Income taxes67/77€20k€17k▼
Profit (loss) for the period9904€72k€60k▼
Profit (loss) for the period to be appropriated9905€72k€60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€60k▼
Profit to be distributed694/7€72k€60k▼
Return on contributions (dividend)694€72k€60k▼
The notes to these accounts (6 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Weakest financial yearnet €60k ▼17.2%
Net result drops to €60k, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2020net €140k ▲32.1%
Operating result €187k, net result €140k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Equity above €150kEq €157k ▲96.1%
2 profitable years in a row build equity to €157k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zemst · 1 establishment unit since 2019
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.
Vinnestraat 81982 ZemstGround area
555 m²
Building footprint
133 m²
Volume, LiDAR
758 m³
Parcel 23018C0004/02V000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PULSUS X
since 20192.292.273.910
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23018C0004/02V000 | Flanders | 555 m² | 1 · 133 m² | 10.2 m · 2 fl. |
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
EDISAL
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ASSETS
BE 0444.192.296
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Cricut Belgium
BE 0746.485.769
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JADICO
BE 0755.787.772
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CREATCO
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 7,024 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-06-2019
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.