PUM
ActivePUM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185k and a net result of €31k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 7431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+12
Solvency56▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.82 in 2024; short-term debt: 36.2% and cash: 3.8% of total assets), and 68.6% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
31.4%
Return on assets
5.2%
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 14-08-2026, 14 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 · 10 filingsDeviation from the deadline
2025
14 d late
2024
22 d late
2023
28 d late
2022
17 d early
2021
29 d late
2020
12 d early
2019
30 d early
← 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
€185k▲ 19.8%
2024 · €154k
2018: €90k
2019: €96k
2020: €110k
2021: €144k
2022: €157k
2023: €186k
2024: €154k
2018 → 2025
Total assets
€590k▼ 12.9%
2024 · €677k
2018: €405k
2019: €361k
2020: €320k
2021: €490k
2022: €437k
2023: €571k
2024: €677k
2018 → 2025
Net result
€31k
2024 · €-32k
2018: €18k
2019: €6k
2020: €14k
2021: €33k
2022: €48k
2023: €29k
2024: €-32k
2018 → 2025
Working capital
€21k
2024 · €-46k
2018: €2k
2019: €-23k
2020: €10k
2021: €-32k
2022: €-20k
2023: €-130k
2024: €-46k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€157k▲ 9.1%€186k▲ 18.8%€154k▼ 17.1%€185k▲ 19.8%
Operating result€38k-€69k▲ 81.4%€42k▼ 39.0%€-19k€48k
Net result€33k-€48k▲ 44.0%€29k▼ 38.3%€-32k€31k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €48k after a loss of €19k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €590k
Fixed assets
€356k▼ 23.0%
Current assets
€234k▲ 9.0%
Equity and liabilities €590k
Equity
€185k▲ 19.8%
Debt
€405k▼ 22.5%
The debt ratio falls from 77.2% to 68.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€164k▲
2024 · €92k
Cash flow
€146k▲
2024 · €79k
Solvency
31.4%▲
2024 · 22.8%
Current ratio
1.10▲
2024 · 0.82
Quick ratio
0.93▲
2024 · 0.60
Debt / equity
2.19▼
2024 · 3.39
ROE
16.5%▲
2024 · -20.6%
ROA
5.2%▲
2024 · -4.7%
Interest coverage
7.90▲
2024 · 5.98
Debt
€405k▼
2024 · €523k
Debt ≤ 1 year
€213k▼
2024 · €261k
Debt > 1 year
€192k▼
2024 · €262k
Income taxes
€884▲
2024 · €486
Staff costs
€120k▼
2024 · €145k
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€677k€590k▼
Fixed assets21/28€463k€356k▼
Tangible fixed assets22/27€462k€356k▼
Land and buildings22€50k€43k▼
Plant, machinery and equipment23€49k€34k▼
Furniture and vehicles24€364k€279k▼
Financial fixed assets28€270€270=
Current assets29/58€214k€234k▲
Amounts receivable after more than one year29€54k€54k=
Other amounts receivable291€54k€54k=
Stocks and contracts in progress3€58k€35k▼
Stocks30/36€58k€35k▼
Amounts receivable within one year40/41€94k€121k▲
Trade receivables40€60k€80k▲
Other amounts receivable41€34k€41k▲
Cash at bank and in hand54/58€2k€22k▲
Deferred charges and accrued income490/1€7k€2k▼
Equity and liabilities
Total equity and liabilities10/49€677k€590k▼
Equity10/15€154k€185k▲
Contributions10/11€19k€19k=
Reserves13€167k€166k▼
Distributable reserves133€167k€166k▼
Profit (loss) carried forward14€-32k-
Amounts payable17/49€523k€405k▼
Amounts payable after more than one year17€262k€192k▼
Financial debts170/4€262k€192k▼
Amounts payable within one year42/48€261k€213k▼
Current portion of amounts payable after more than one year42€67k€61k▼
Financial debts43€61k€3k▼
Credit institutions430/8€61k€3k▼
Trade debts44€110k€127k▲
Suppliers440/4€110k€127k▲
Taxes, remuneration and social security45€23k€22k▼
Taxes450/3€23k€16k▼
Remuneration and social security454/9-€6k
Income statement
Code20242025
Non-recurring operating income76A€52k-
Remuneration, social security and pensions62€145k€120k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€115k▲
Other operating charges640/8€2k€6k▲
Gross operating margin9900€239k€290k▲
Operating profit (loss)9901€-19k€48k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€15k€21k▲
Recurring financial charges65€15k€21k▲
Profit (loss) for the period before taxes9903€-31k€31k▲
Income taxes67/77€486€884▲
Profit (loss) for the period9904€-32k€31k▲
Profit (loss) for the period to be appropriated9905€-32k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-1k▲
Profit (loss) brought forward from the previous period14P-€-32k
Transfer from equity791/2-€1k
The notes to these accounts (7 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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet €-32k ▼208%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €48k ▲44%
Operating result €69k, net result €48k, both a record.
31-12
Financial
Equity above €150kEq €157k ▲9.1%
5 profitable years in a row build equity to €157k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €110k ▲14.7%
3 profitable years in a row build equity to €110k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Huldenberg · 1 establishment unit since 2003
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.
Terlaenenstraat(OTT) 333040 HuldenbergGround area
414 m²
Building footprint
150 m²
Volume, LiDAR
868 m³
Parcel 24085D0090/00G003, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Terlaenenstraat(OTT) 33, 3040 Huldenberg
since 20032.133.383.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24085D0090/00G003 | Flanders | 414 m² | 1 · 150 m² | 9.5 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.
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VERHULPEN
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BOUWPROJECTEN VAN HERCK
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 12,253 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2003
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.